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📣 Billionaire Mark Cuban warns that SEC head Gary Gensler's crypto stance could cost President Biden the election! Speaking at Coinbase's State of Crypto Summit, Cuban didn't mince words. He's previously called for the CFTC to take over crypto regulation, warning that crypto voters will be heard. Meanwhile, Biden is reportedly considering accepting crypto donations for his campaign. On the other side, ex-President Trump has pledged to "end Biden's war on crypto" and ensure Bitcoin's future is made in America. The crypto vote is heating up! 🗳️🔥

📣 Billionaire Mark Cuban warns that SEC head Gary Gensler's crypto stance could cost President Biden the election! Speaking at Coinbase's State of Crypto Summit, Cuban didn't mince words. He's previously called for the CFTC to take over crypto regulation, warning that crypto voters will be heard. Meanwhile, Biden is reportedly considering accepting crypto donations for his campaign. On the other side, ex-President Trump has pledged to "end Biden's war on crypto" and ensure Bitcoin's future is made in America. The crypto vote is heating up! 🗳️🔥

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📉 Bitcoin (BTC) took a 5.6% nosedive to $64,300, its lowest in over a month, amidst a backdrop of US economic slowdown. But don't panic, folks! The derivatives market is hinting at a potential BTC recovery. Despite high interest rates and a modest 0.1% increase in US retail sales, experts believe consumption is returning to a "more normal pace for the economy." Meanwhile, Bitcoin whales and miners remain optimistic, with reduced sell pressure and a bullish stance during the dip. So, while Bitcoin ETFs experienced a $562 million outflow in three days, there's no need to brace for additional BTC price pressure. The Fed might even cut rates by year-end. Keep calm and carry on, crypto enthusiasts! 😎
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🍑 Georgia's just got a bit juicier! CleanSpark, the Bitcoin mining company with a green thumb, is set to acquire five mining facilities in the Peach State. The $25.8 million deal will boost the company's total hashrate to over 20 exahashes per second by the end of June. Not only will these sites enhance the load balancing capabilities for local cities, but they'll also help CleanSpark hit their mid-year target. Meanwhile, Trump's recent Bitcoin comments have sparked a debate in the crypto community. Is he a crypto savant or just fishing for votes? Stay tuned!
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Crypto analyst Patrick Scott, aka Dynamo DeFi, predicts that the launch of spot Ethereum ETFs won't have the same price-boosting effect as Bitcoin's did. Bitcoin's ETFs were the first of their kind, offering investors a novel way to gain crypto exposure. Ethereum, however, lacks this first-time excitement. Scott suggests that unless there's a significant dip before the launch, Ether's price won't skyrocket as Bitcoin's did. He also notes less institutional acceptance for ETH compared to BTC. 🤔 Despite this, Scott remains optimistic about the overall crypto market trend.
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🚀 Ether (ETH) hitting the $10,000 mark could be the crypto market's best bet, says top analyst. Despite a 4% weekly dip and a 30% fall from its all-time high, ETH's potential to soar is still strong. The $3,500 mark is a significant resistance point, but if ETH manages to break this, it could liquidate over $534 million of leveraged short positions. The launch of the first spot Ether ETFs in July could also boost ETH's price. Adding to the excitement, ETH supply on exchanges is at an 8-year low, hinting at a potential supply squeeze. So, buckle up, folks! Ethereum's rollercoaster ride is far from over. 🎢
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🔒 Ex-Ethereum developer Virgil Griffith's plea for a sentence reduction has been opposed by the U.S. Justice Department. Griffith, who was sentenced to 63 months in prison for violating North Korean sanctions, hoped to reduce his sentence to 51 months. However, U.S. Attorney Damian Williams argues that Griffith knowingly provided services to a hostile foreign power. Griffith's lawyers claim his obsessive-compulsive and narcissistic personality disorders led to his fascination with North Korea. Meanwhile, Griffith's been accused of petty theft in prison, including stealing soap and tea. 🍵💼
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