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Since March, the outlook for #Ethereum (ETH) recovery has been dim. The burn rate has hit an all-time low, while inflation has soared to all-time highs since the switch to Proof of Stake (POS). By the next halving, ETH could surpass Bitcoin in terms of issuance. The transition to Layer 2 solutions isn't generating enough usage to drive demand. Currently, the primary use case for ETH seems to be moving stablecoins. Additionally, Uniswap's trading volume is declining sharply, with current activity barely over 10% of what it was in March, and the downward trend continues. #MarketDownturn
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Red Packet Giveaway Claim Your Red Packet For Free From Binance Pay Now! 1 Open Binance App 2 Scan QR Code 3 Claim Red Packet for free Claim Red Packet for free 👈 $BONK #MarketDownturn
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Crypto Market Prediction if Donald Trump Wins the
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Alex Thorn, posted an analysis on platform X about Vice President Harris's stance on cryptocurrency. The choices of her advisory team suggest that she will continue to implement the Biden administration's strict regulatory policy on cryptocurrencies. Harris is working with key anti-cryptocurrency officials such as Brian Deese and Bharat Ramamurti, who were instrumental in pushing for cryptocurrency regulation within the Biden administration. Deese has published articles on the White House website emphasizing the risks of cryptocurrencies, while Ramamurti is considered one of the top critics of cryptocurrency in the White House. Their involvement suggests that it is unlikely for a softening stance from Harris' government towards cryptocurrency policies and they will continue to support strict regulatory measures to protect consumer safety and financial system security. #MarketDownturn
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