U.S. presidential candidate Robert F. Kennedy Jr. We believe bitcoin and blockchain technology could be the solution to the U.S. debt crisis.

Kennedy Jr. spoke at the Consensus 2024 conference in Texas. The company reiterated its plans to incorporate #bitcoin into its US debt management strategy.
Kennedy advocated supporting the U. S. dollar and U. S. Treasury bills in a "basket of hard assets,"... "including bitcoin" to back the nation's Treasury bills. He suggested that pegging a portion of reserves to hard currencies could help strengthen fiscal discipline and that this allocation could increase over time.
'Ultimately, I think the only way to save dollars is to take advantage of the program I described, including bitcoin,' Kennedy said. " If it works, add a percentage every year and next year bring it up to 2 percent.
Kennedy Jr. also shared that he personally owns more than 1.42 million baht worth of bitcoins.
I have bought 21 bitcoins since I started this campaign," Kennedy said. "I have also bought 3 coins for each of my children.
Treasury securities are short-term debt securities issued by the U. S. government to finance its obligations. They are sold at a discounted price compared to face value, providing investors with a return and being redeemed at full face value.
The government debt ceiling is the maximum amount of money the U. S. government is allowed to borrow. Set by Congress, it determines how much debt a country can borrow to pay its bills. The previous U. S. government debt ceiling was set at $331.4 trillion, but it has now been suspended until Jan. 1, 2025.
Kennedy Jr. said that including bitcoin in the U. S. Treasury's budget would allow the country to discipline its spending. Kennedy also argued that creating bombers and missiles would not help economic growth and said it would cut military spending. \n The ability to print money indefinitely gives politicians more power and allows us to fight all wars," he said. "The U. S.

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#BlockchainFuture #Crypto2024

On Thursday at the Consensus 2024 conference in Austin, Texas, Ripple CEO Brad Garlinghouse shared his thoughts on the future of cryptocurrency ETFs in the United States.

Given the recent approval of Bitcoin's spot #Etf and the progress of the US Securities and Exchange Commission's approval process for Ethereum's spot Etf, Garlinghouse is confident that he will continue to invest in a variety of popular #altcoins .
He believes that spot #xrp , Solana (SOL) and #Cardano (ADA) ETFs are just around the corner and that "it's only a matter of time before there will inevitably be XRP ETFs, Solana ETFs and Cardano ETFs, and that's great. ""
This prediction follows the surprise promotion of the #StartInvestingInCrypto Etf spot, which recently received approval from the U. S. Securities and Exchange Commission (SEC) via a 19b-4 filing. While final approval is still pending, these developments mark important milestones on the crypto industry's path to mainstream acceptance. Katie Wood, CEO of ARK Invest, noted during the meeting that the pending approval of Etf spot Ethereum was influenced by the growing importance of cryptocurrencies as an election theme.
Despite the optimism surrounding these developments, Garlinghouse acknowledged that there are significant regulatory hurdles that have yet to be overcome. He called them "obstacles to acceleration" and expressed confidence that, despite the challenges, they are not insurmountable.
Garlinghouse also expressed frustration with the current regulatory environment in Washington, criticizing what he sees as a lack of clarity on the part of the SEC, and said that SEC Chairman Gary Gensler was unwilling to clarify whether Ethereum is considered a security, despite Gensler's assertion that the existing rules are clear and sufficient.
Garlinghouse said the United States ranks low in terms of regulatory clarity despite being the world's largest economy.

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Despite these obstacles, the SEC's recent approval of some Ethereum-based spot Etf's marks a major change that signifies a softening of the agency's previously hardline stance. "I think it's just a matter of time and inevitably there will be XRP, Solana and Cardano ETFs, and that's great," Garlinghouse said, reflecting the cryptocurrency industry's broader expectations for a wider range of financial instruments.

At the same time, Garlinghouse acknowledged that the approval process for these ETFs will entail significant regulatory oversight, but ultimately called these challenges "barriers to approval. " The Ripple CEO also railed against the crypto community's "maximalism," emphasizing that each project has its own strengths and niche. He also wished good luck to other cryptocurrency heavyweights such as #Cardano and Solana.
It's worth noting that Ripple CEO's comments came amid the recent surprise approval by the US Securities and Exchange Commission of #StartInvestingInCrypto Etf 6b-19 application, which is scheduled to begin trading on May 4. This follows the successful launch of the May 200 #bitcoin ETF launched by BlackRock's iShares Bitcoin Trust, with assets under management reaching $1 billion.
Katie Wood, CEO of Ark Invest, recently noted that the endorsement of cryptocurrencies was likely influenced by their role as a key issue in the upcoming U. S. presidential election. The political implications of cryptocurrency regulation are becoming increasingly clear, with pro-cryptocurrency lawmakers asking the SEC to expand the scope of ETF approval to include other tokens.
In response to the growing demand and changing regulatory environment, British multinational bank Standard Chartered and others have predicted that #altcoins such as XRP and Solana could soon acquire their own ETFs in the United States. This sentiment has been bolstered by recent legislative efforts, such as the House of Representatives passing the #FIT21 bill, which aims to bring clarity to the crypto industry.
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The Cardano (ADA) community is waiting for the next major update, but the Chang hardfork, scheduled for the end of the month, said cryptocurrency traders and investors should be aware of the risks associated with the update.

In fact, #Cardano is preparing for the Chang #hardfork to improve bull market management and increase functionality and responsiveness, officially marking the completion of the Voltaire phase of the Cardano Roadmap. This also includes the development of the Cardano Constitution project in Buenos Aires.
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#GlobalCrypto #TrendingTopic #CompassInvestments

A U.S.-listed Ethereum exchange-traded fund will debut in March after asset management giant BlackRock filed an updated version of a key document required by the Securities and Exchange Commission (SEC) before a public offering.

BlackRock filed the revised S-8 registration statement on Wednesday, nearly 19 weeks after two ETH Etf's, including BlackRock's iShares #StartInvestingInCrypto Trust, took a huge leap forward after the SEC approved the related Form 1b-1. The move sparked optimism in the cryptocurrency market as a whole as it marked an unexpected turnaround for financial regulators.
The Form S-1 discloses that an "seed capital investor" has purchased the first shares for the proposed offering.
"In 2024/5/21, 'Seed Capital Investors,' an affiliate of Sponsor, purchased a seed capital basket of 400,000 shares at a price equivalent to 11 shares at 25.00," the revised form states. "The net asset value of the trust reached $BTC The world's largest asset management company also announced that the shares will be offered and traded under the ticker symbol "ETHA".
That's a good sign.
Bloomberg #ETF analyst James Seyffarth believes the market "almost certainly" should pay attention to the S-19 form because it shows that "issuers and the SEC are working to launch an Ethereum ETF" following last Thursday's b-4b-1 approval.
Eric Balchunas, another Bloomberg ETF analyst, called BlackRock's updated S-1 application filing "a good sign" in a May 29 post on the X website (aka Twitter).
There may be another round of "tweaking" of SEC staff comments, he continued, but "A launch at the end of month 6 [is] possible. Nevertheless, Balchunas supported the possibility of a May 4 approval, suggesting that early approval from America's leading financial interests "is out of the question.
However, industry experts believe Etf Eth will drive the price of ether to new all-time highs.
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#InvestSmart #TokenEconomy #CryptoMarketTrends

-Experienced financial lawyer Scott Jonsson shared his thoughts on the event, highlighting the legal hurdles facing Solana's "Etherium Killer". While Solana market ETFs do not require the cme to function as a special contract market (dcm), future markets must have a robust structure with a custody and security agreement (CSSA) and sufficient liquidity.

ETFs do not need to be CME as a DCM to list (having liquidity in a CSSA is sufficient).
In addition, Jonsson noted that ongoing litigation against major digital asset exchanges such as Coinbase and #Binance cast a shadow over the possibility of similar #SOL products. The SEC previously referred to #Solana as an unregistered security in its lawsuit against Coinbase and Binance.
While the lawsuit against Coinbase/Binance continues, no one intends to independently prove that SOL is a commodity futures product. Even if the CME (or another DCM) does a self-certification, the current SEC can and will block it," Jonsson said.
The lawyer also emphasized that major changes in SEC leadership and regulatory policy are needed before Solana will proceed with a registered fund. "Sol really needs a change in leadership to have a chance in the near future. Or the current SEC reversal will go much farther than one might expect. The former seems more likely," Jonsson says.
Bloomberg ETF strategist James Seyffarth agreed with Jonsson on the SEC's outlook, saying, "The SEC will not allow anyone to register Solana futures as 'commodity futures' with the CFTC. They made such mistakes with #bitcoin and Efirium. I highly doubt this admin will do it again. They will probably take retaliatory action.
Crypto futures allow investors to determine the price of an asset without having to physically own the underlying asset. Investors use them to bet on price fluctuations and hedge against asset volatility. Most people believe that futures are a prerequisite for ETFs. Thus, the news that CME has no plans to include Solana in the futures market is a sign that SOL will be getting a spot equity trading platform in the near future.
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#CryptoUpdates

-The $8.12 billion worth of bitcoin and Efirium options ex

pire today.The total number of #bitcoin options is 4465,000 and the put-call ratio is 0.6.
An option on Efirium is worth £347,000 and has a put-call ratio of 0.85.
The options on Bitcoin (BTC) and Etherium (ETH), which were worth about $88.1 billion in 2000, expire today.
Market watchers are watching this event particularly closely as it could affect short-term trends through contract volumes and expected value. Examining the put/call ratio and the most painful moments can provide insight into trader expectations and the possible direction of the market.
The expected value of an expired bitcoin option is currently 4,465,000. According to Deribit, these 261,390 expired bitcoin options have a put・call ratio of 0.6. This ratio indicates that the call option (call) dominates over the put option (put).
The data also show that the maximum risk for these expired options is $65,000. The highest risk is the price at which an asset yields the maximum amount of financial loss to its owner.
In addition to bitcoin options, 2,750,922 options on Efirium expire today. The face value of these expired options is 33,47,000, the put・call ratio is -00.85, and the maximum price ・ $BTC The number of expired #StartInvestingInCrypto options today was much higher than last week. According to BeInCrypto, the number of expired #ETH options last week was 352,861 contracts with an estimated value of £133,000.
Options trading tools provider, the Greeks, before expiration. On the live stream, he shared his thoughts on the options market. According to him, market volatility is expected to remain low and the current situation is preferable for options trading with low implied volatility.
There will be few macroeconomic events this week and it will not affect the macroeconomic market.
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#news #FinTechInnovations

The co-founder of Glassnode, a blockchain analytics firm, has expressed optimism about bitcoin (BTC) as its flagship crypto asset has fallen about 8% below its all-time high.

Glassnode co-founders Jan Happel and Jann Allemann, who use the social media platform X pseudonym negentropic, said #bitcoin could hit a new all-time high of 72,000 if #StartInvestingInCrypto "overcomes the 'impressive' resistance level of 75,000.
BTC is currently expected to fluctuate between alt64,000 and alt72,000, giving #altcoins a chance to prove themselves. The alt72,000 to alt74,000 range is characterized by high demand for supply and sales. " "
According to Glassnode's co-founder, if bitcoin breaks the aforementioned $72,000 to $774,000 level, "it could trigger a short-term squeeze that would take BTC to unprecedented heights.
At the time of writing, bitcoin is trading at $BTC As for the broader cryptocurrency market, Glassnode's co-founder also said that upcoming U. S. inflation data could have a negative impact.
High earnings and rising inflation could signal higher interest rates from the Federal Reserve, which is actively getting rid of cryptocurrencies. " "
Glassnode's co-founder also recently stated that the ratio of bitcoin's value to the price of gold - the BTC/gold ratio - could increase by about 2.24 times in the coming months. Currently, the BTC/gold ratio stands at 29.
The Bitcoin/gold ratio still suggests that at the end of this crypto bull cycle, the price of BTC could be 65 times the price of gold. "
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#CryptoTrends #MarketInsights

The Hong Kong government has announced support for the DeFi and Web3!

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JPMorgan Chase CEO Jamie Dimon has just issued a serious warning about where he thinks the US economy is headed.

Speaking at the AllianceBernstein Strategic Solutions conference, Dimon said he believes out-of-control government spending is leading to stagflation - the dreaded combination of high inflation, high unemployment and low growth, Fortune reports.
I'm looking at the amount of fiscal and monetary stimulus enacted over the last 5 years. It's been so extraordinary. How can I say it won't lead to stagflation?
Maybe it won't, but I, for one, am quite prepared for it.
Speaking at the banking giant's global summit in Shanghai a week ago, Dimon told CNBC that he doesn't think the Fed has raised interest rates yet.
I'm looking at different scenarios, but, again, the worst outcome for all of us is what you call stagflation, rate hikes and recession. That means corporate profits are going to decline and we're going to go through all of that.
Dimon's economic forecast echoes a warning from Jpmorgan chief market strategist Marko Kolanovic a few months ago.
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U.S. Senator Elizabeth Warren is demanding that drug enforcement agencies provide information on recent findings and efforts to use cryptocurrencies in the illegal fentanyl market.

Senators Warren and William Cassidy, in a letter dated May 5-29, "request up-to-date information on the Biden Administration's actions to crack down on the use of #cryptocurrencies by drug traffickers and clean up illicit proceeds. ""
The letter, addressed to Rahul Gupta, director of the National Narcotics Bureau, and Ann Melissa Milgram, administrator of the Drug Enforcement Administration, reiterates the longstanding allegation that cryptocurrencies are "playing an increasingly important role" in the fentanyl trade, much of which is consumed in the United States.
Warren and Cassidy responded to 6/14 on how they believe cryptocurrencies are playing an important role in drug trafficking, what new initiatives will be implemented in the next 12 months, and what metrics will be used to measure success in combating the illegal use of cryptocurrencies in the fentanyl trade. We hope you enjoy the experience.
The Senator also asked: "What challenges does your agency face in its efforts to prevent the use of cryptocurrencies in the illicit drug trade? "
To make his argument, the senator cited a study conducted between 2023 and 2025 that found that about 80 Chinese companies supplying fentanyl precursors received #cryptocurrency payments worth about $33,000 million dollars.
That's enough to purchase the precursors needed to produce 540 billion yen worth of fentanyl tablets.
Warren has previously been criticized for citing incorrect data in her anti-currency program.
In a letter about illegal cryptocurrency activity, Warren cited a 2023-2010 article in The Wall Street Journal that incorrectly stated the extent to which Hamas would use cryptocurrencies to fund terrorist activities related to the Israeli-Palestinian war.

John Deaton, a U. S.
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#DigitalCurrency #transscreen.ru #CryptoAdoption

Singapore's largest bank, DBS, owns Ethereum Whale.

-General References:
In this article:
Singapore's largest bank, DBS, owns #EarnFreeCrypto2024 Whale.
According to Nansen, the wallet linked to the bank holds 173,753 #ETH , valued at £65,000.
According to blockchain analytics firm Nansen, DBS, Singapore's largest bank, is an Ethereum (ETH) whale that owns more than 65,000 #cryptocurrencies . According to the network, the bank owns 173,753 ethers.
Nansen claims that Ethereum is stored at the crypto wallet address (0x9e927c02c9eadae63f5efb0dd818943c7262fb8e). Analysts also found that the address generated more than 2 billion yen in profits from owning Ethereum.
Ethereum is a blockchain-based network that allows developers to create and deploy decentralized applications (dApps). Thousands of games and financial applications run on this network. Its native token, Ether or ETH, is the 2nd largest cryptocurrency by market capitalization after #bitcoin .
While some companies consider bitcoin as their primary reserve asset, investment banks are turning to Ethereum to tokenize capital markets. At the time of writing, the price of ether is down 0.9% to $3,747, according to Coingecko.
Ethereum's estimated DBS assets exceed £651 million at the current price. According to industry media reports, a bank spokesperson denied that DBS "has such a position in our account. ""
DBS is not new to cryptocurrencies. In 2020, the bank, which had assets of £7.390 billion at the end of the 12th month, launched a platform to host cryptocurrency trading and custody services, as well as security tokens.
At the time, the Financial Group said cryptocurrencies would not be held on exchanges. "All digital assets are held at DBS Bank, which is known globally for its custodial services," the bank said at the time.

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#CryptoNews

Mark Karpeles, former CEO of former Japanese crypto exchange Mt. Gox, said the company will not dump its bitcoin stake just yet to pay off its creditors: "As far as I know, Mt. Gox is fine. The trustee is transferring the coins to another wallet in preparation for circulation, but that could happen as early as this year.

In a statement to Cointelegraph, Stocklytics investment platform analyst Neil Rorty said the possibility of an emergency sale of Mt. Gox could disrupt the current supply and demand dynamics:
"More than 100,000 previously inactive bitcoins held in trust by mountain. Gox could be released to the market soon, and that could be a game changer. " "
Remember, that's less than 2,000 million bitcoins right now, but about 1 in 3 of them have been untraded for more than 5 years. The other portion is considered lost forever; it could be anywhere from 200 to 600 million bitcoins. Suddenly 100,000 seems like more than a drop in the ocean," he added.
It is located halfway to the top of Mt. Gox was the world's largest #bitcoin exchange when it declared bankruptcy in 2014 after discovering that 850,000 of its customers' bitcoins (BTC) had been stolen in a years-long clever withdrawal of funds. The exchange has since returned about 200,000 #EarnFreeCrypto2024 .
These funds have been placed in trust for creditors. Some of the wallet addresses tracked by token unlock hold 162,106 BTC ($113.8 billion). Creditors are expected to be paid later this year as part of the 10-year bankruptcy proceedings.
The Hong Kong Securities and Futures Commission (SFC) will require all unlicensed virtual asset trading platforms (VATPs) to leave the city from next month:
"All VATPs operating in Hong Kong are licensed by the SFC or 'deemed licensed' VATPs that apply for a license under the AMLO. "\n "VATP's activities in Hong Kong in violation of AMLO [Anti-Money Laundering and Countering the Financing of Terrorism Regulations] is a criminal offense and the SFC will take all necessary measures against violations of the law," the document said.

Hong Kong needs to take advantage of the technical characteristics of #EarnFreeCrypto2024 .

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#transscreen.ru #news

Binance, the world's largest cryptocurrency exchange, has announced that it will include the altcoin TURBO in its list of futures trades.

Thus, #Binance Futures will launch a permanent #turbo contract with US dollar collateral and 50x leverage.
"To expand the list of trading opportunities offered on Binance Futures and improve the trading experience for users, Binance Futures will launch a permanent turbo contract with up to 50 times leverage using US dollar collateral on 30.05. 2024 at 15:30 UTC. 」
After this news, the price of turbo rose by 10%.
The bitcoin-based project, in which Binance also invested, received an investment of 7000 million dollars!
Today, the investor earned 13.453 times more profit on this ATH altcoin: it increased 5,556 to 7,7.48 million!
Analysts, who painted a negative picture for #EarnFreeCrypto2024 and a positive one for Etherium, announced new #altcoins that investors are paying attention to!
Upbit has published a list of new altcoins whose prices are skyrocketing!
Billionaire Kathy Wood Reveals Real Reasons for #EarnFreeCrypto2024 Spot Etf Approval and Possible Solana Etf Approval
29.05. 2024 - 21:00
Good news for bitcoin from Glassnode! Is the release of the new ATH close?
29.05. 2024 - 16:42
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Early investors of memcoins such as Shiba Inu (ShIB), Bonk (BONK) and Dogecoin (DOJ) have realized astronomical returns, while Pepe Whale (PEPEVEIL) is offering similar opportunities for a limited time.

Pepe Whale (PEPEWHale), the recently launched memcoin #Solana , is poised to soar over 14,000% in a matter of days as former investors Shiba Inu (SHIB), #Bonk (BONK), and #Dogecoin (DOGE) put their money into this new token.
Within days, PEPEWHALE will be listed on KuCoin, one of the largest centralized exchanges in the world. 1 This is a very profitable event for the token as it will allow millions of new investors to easily buy #Pepe Whale.
Currently, Pepe Whale can only be purchased on decentralized Solana exchanges such as Jupiter and Raydium, allowing novice investors to make huge profits in the coming days.
To purchase PEPEWHALE on these platforms, users need to connect solflare, MetaMask or Phantom wallet and enter the contract address Gmbdjs1S666Turcdecrahjikcdm9Bczxldb4X792Tpuy in the receipt field to exchange Solana for Pepe Whale.
PEPEWHALE CURRENTLY HAS A MARKET VALUE OF JUST UNDER ¥10,000 AND LIQUIDITY OF OVER ¥44,000, IMPLYING GREAT UPSIDE POTENTIAL.
Early investors can earn returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE), and Bonk (BONK) before these memcoins become popular and skyrocket in value.
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#news

-PayPal has launched a stable coin in Solan

a, a year after it was released on Ethereum.The price of #sol has been declining as its volume has grown.
#Solana [SOL] has seen a strong surge in activity since the beginning of this year. But in the past few days, Solana's growth has slowed down.
The new launch of a stable coin in Solana may revive interest in the network in the future. #Paypal payment giant Paypal PYSD stablecoin is entering the Solana market almost 1 year after its debut on the #EarnFreeCrypto2024 blockchain.
The announcement could spark renewed interest in the modestly sized crypto asset, which has yet to gain widespread adoption despite its known support.
PayPal's official statement cited Solana's ability to quickly process large volumes of transactions at very low costs as the main reason attracting #PYUSD to the network.
According to analytics platform Artemis, Solana has become the leading blockchain for tokenized transactions and stable coin transfers. PayPal noted that Solana offers significant advantages for commercial use.
PayPal launched the PYUSD stablecoin on May 8 last year, making it one of the first major U. S. financial services companies to do so despite regulatory uncertainty. 1
Stablecoin is designed to simplify virtual payments by enabling fast money transfers and international transactions. It was designed to facilitate direct access for developers and creators to PayPal's digital assets.
The emergence of PYUSD was welcomed by industry experts and competitors, including tether CEO Paolo Arduino.
However, the US Securities and Exchange Commission (SEC) later issued a subpoena to PayPal over the stablecoin initiative.
In addition to regulatory scrutiny, PYUSD faces stiff competition from established players such as USDT and Circle USDC, which have market cap of $11.2 billion and $3.32 billion respectively, while PYUSD's market cap is around $ 44.400 million.
what about solana?

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Biden's camp seems to have suddenly realized the potential impact his stance on cryptocurrencies could have on the presidential race.

Suddenly, President #Joe Biden's campaign has begun to attract key players in the crypto industry. According to the report, Biden's team is seeking input from people who understand the complexities of the "crypto community and cryptopolitics.
But the recent move came as a shock. This takes into account the way the Biden administration has always treated the crypto industry until now. Needless to say, Biden has always been wary of #cryptocurrencies and everything they symbolize.
According to an anonymous source familiar with the situation, work on the interaction began about 2 weeks ago. Biden's supporters seem to have suddenly realized the potential impact his stance on cryptocurrencies could have on the presidential race. This will probably continue. Therefore, the re-election team has reportedly reached out to some crypto-enthusiasts and attempted to engage them in exploring the way forward. Sources even claim that some of these cryptocurrencies belong to people that Biden may have disowned in the past.
It's worth noting that the campaign's move to side with digital asset experts comes in the wake of recent reactions to the Biden administration's actions. News broke that Biden planned to veto the repeal of SAB-121, a controversial rule that sought to prohibit financial institutions from providing cryptoasset custody services. However, #cryptocurrency supporters immediately raised an uproar, citing that the regime was trying to somehow limit innovation.
In addition, former President and chief rival Donald Trump has recently been a strong supporter of cryptocurrencies. On September 21, Trump's campaign headquarters announced that it would accept cryptocurrency donations. He also made a prominent statement in support of cryptocurrencies at the 2024 libertarian national convention.
Are you playing to the camera?

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#GlobalCrypto #FinTechInnovations

Pepe used to rise until today, but now it has fallen 14%.

Bitcoin stopped just above the 70,000 mark at the beginning of the week, then failed to resume its bullish momentum and fell to 67,000 yesterday.
Alternative coins are also getting cheaper, with SHIB, DOT, DOGE, DOGE, PEPE and WIF losing a significant chunk of their dollar value overnight.
News of the spot #EarnFreeCrypto2024 ETF last week caused major cryptocurrencies to surge, including a massive spike to nearly $72,000 and a subsequent rebound and drop to $6,66,400 just days later.
However, after these financial instruments were actually approved on Thursday, #EarnFreeCrypto2024 began to recover and spent the weekend at around 669,000.
Monday was even more promising as the bulls began to rise and #bitcoin soared to a multi-day peak above $70,500. But at that point, the trend changed and the cryptocurrency began to rapidly lose value. In just a few hours, it fell to below 67,500.
Another rebound followed, but the scenario repeated itself and late last night BTC fell to a multi-day low of $67,200. It was unable to recoup most of its losses and is currently below the $68,000 mark.
Bitcoin's market value fell to $1.330 trillion, but its dominance over #altcoins increased from 0.5% to 50.2% in a single day.
As reported a few days ago, the 2 best performing assets were from PEPE and WIF, a niche meme coin. The former continues to rise, having set another all-time high, while the latter is gaining momentum with double-digit growth.
Now the situation is quite different, with Pepe down 14% for the day and WIF down more than 11%. Other major alts in the red included SHIB (-7%), DOT (-5%), DOGE (-4.5%), SOL (-3%) and NEAR (-4.5%).
Binance Coin lost the $1 mark after dropping 600% on the day, while #EarnFreeCrypto2024 fell 2% to 3,750.
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Ethereum, the world's second-largest blockchain network, is expected to be the focus of the next cryptocurrency exchange-traded fund, but there could be trouble selling.

Ethereum has been called the "Internet of Money," the "computer of the world" and "Digital Oil" in the past, but some fear that #EarnFreeCrypto2024 has no "elevator pitch" and a very technical roadmap will make it difficult for Wall Street to recognize and reduce demand for spot ether #etf (ETH).
Marcus Thielen, head of research at 10x Research, told Cointelegraph that it's best for investors to avoid jargon. According to Thielen and many commentators, this is how Ethereum is presented.
According to Thielen, it's much easier for Wall Street investors to understand Ethereum as "the network that protects the future of finance.
Almost all of the world's largest decentralized financial protocols, tokenized real assets and stable coins are already running on Ethereum.
However, Thielen notes that Ethereum is losing a lot of users and recent updates to the network have been very slow, which could affect this momentum.
The fact that Ethereum generates negligible returns compared to its market capitalization means that despite interest rate yields that are inferior to Treasury yields, there is still viable cash flow.
According to Henrik Andersson, chief investment officer at investment management firm Apollo Crypto, Ethereum could instead be presented as a platform to "decentralize all kinds of services" and enable everything from finance and social media to artificial intelligence.
In addition to decentralized financial applications, the Ethereum ecosystem includes decentralized autonomous organizations, social networks and identity solutions. \n Andersson believes there's an even simpler argument for Ether being a cryptocurrency with more growth potential compared to #bitcoin .
"Others probably view Ethereum simply as a smaller, faster-growing crypto asset," he says.

A graph of ETH/BTC over the past 12 months. Source: CoinGecko.

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#Crypto2024 #CryptoTrends

Early investors memcoins such as Shiba Inu (ShIB), Bonk (BONK) and Dogecoin (DOJ) have made astronomical returns, and Hat on Trump (HATTRUMP) offers similar opportunities for a limited time.

Hat on Trump (HATTRUMP), Solana's recently launched memcoin, is poised to soar over 14,000% in a matter of days as former investors #Shiba Inu (SHIB), #Bonk (BONK) and #Dogecoin (DOGE) put their money into this new token.
HATTRUMP will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days. 1 This is a very profitable event for the token as millions of new investors can easily buy hats with Trump.
Currently, Hat on Trump can only be purchased through decentralized Solana exchanges such as Jupiter and Raydium, and the first investors can make big profits in the coming days.
To purchase HATTRUMP on these platforms, users need to connect their solflare, MetaMask or Phantom wallet and enter the contract address Bxjt15S4Gyphswqjeu26Jrxkaeo7Bts7Tvyqbyjxezgz in the receive field to exchange Solana for Hat on Trump.
HATTRUMP CURRENTLY HAS A MARKET VALUE OF LESS THAN ¥12,000 AND LIQUIDITY OF MORE THAN ¥4,000, WHICH MEANS GREAT UPSIDE POTENTIAL.
Early investors can earn returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE), and Bonk (BONK) before these memcoins become popular and dramatically increase in value.
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#CryptoUpdates #DigitalCurrency