🇺🇸 Detroit, Michigan, will become the largest US city to a | Crypto Web3 Today on Binance Square

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🇺🇸 Detroit, Michigan, will become the largest US city to accept Bitcoin and cryptocurrencies as a means of paying taxes.
Good news for cryptocurrencies 😎.

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Whales Make Massive Transactions After Trump's Victory: 10 Fresh Wallets Bought $145 Million Worth of Bitcoin: Here Are the Details. Trump's election as president has stirred Bitcoin and altcoins, and the rise is expected to continue in the coming months. As the expectation of an increase mobilized whales, 10 new wallets purchased BTC from Binance. On-chain data tracking platform Lookonchain reported that whales continue to accumulate Bitcoin, with 10 new wallets withdrawing 1,910 BTC worth a total of $145 million from Binance in the last 24 hours. Whale Who Bought Ethereum at $3.5 Sold! While whales continued to accumulate Bitcoin, another whale sold a large amount of Ethereum (ETH). Lookonchain noted that the cost of purchasing ETH for this whale was just $3.5. Accordingly, the whale, who had 398,891 ETH worth $1.14 billion, sold 29,897 ETH worth $84.87 million at $2,839. The whale made a profit of $84.7 million from this sale, an 810-fold return. The whale still has 368,992 ETH worth $1.07 billion in his possession. "A whale holding 398,891 Ethereum (worth $1.14 billion) sold 29,897 ETH for 84.87 million USDC at $2,839 after the ETH price went up! The purchase cost was only $3.50 and a profit of $84.7 million was generated, an 810x return! The whale still has 368,992 ETH (worth $1.07 billion) in his possession."

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Ethereum Foundation Announces Its Current Portfolio! How Much ETH Does It Hold? Will They Sell More? The Ethereum Foundation, which has always been on the agenda of the cryptocurrency sector with its Ethereum (ETH) sales, announced its assets. Accordingly, the Ethereum Foundation announced that its treasury as of October 31, 2024 was approximately $970 million. It reported that $788.7 million of these assets consist of cryptocurrencies and $181.5 million consists of non- crypto investments and assets. The Foundation states that 99.45% of its crypto assets are in ETH, which corresponds to 0.26% of the total ETH supply. The foundation also stated that it will provide financial support for critical public products for the Ethereum ecosystem in the long term with a conservative treasury management approach. It added that they will periodically sell ETH for this purpose. "We choose to hold the majority of our treasury in ETH. The Ethereum Foundation believes in the potential of Ethereum, and our ETH holdings represent this long-term view. The Ethereum Foundation treasury also aims to fund important public goods for the Ethereum ecosystem. This requires selling ETH periodically to ensure sufficient savings for the coming years, and selling it programmatically in bull markets to fund spending in bear markets. As a result, it is necessary to sell ETH regularly to ensure sufficient reserves for the coming years."

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Will Donald Trump Fire Fed Chairman Jerome Powell? Here's the Insider Answer. President-elect Donald Trump will give Federal Reserve Chair Jerome Powell time off to finish his term, which ends in May 2026, according to a senior adviser to Trump's transition team. While Trump has historically clashed with Powell over the Fed's monetary policies, his current stance and that of his economic team is for Powell to remain in place as the Fed continues its recent trend of lowering interest rates. Powell, who was first appointed by Trump in 2018, was reappointed to a second term by President Biden. Powell, known for his private equity background, has faced criticism from Trump, who has questioned his leadership and the transparency of the Fed's policy meetings, which are held privately and whose notes are released only weeks later. Reports suggest Trump has floated the idea of live meeting feeds and faster release of Fed minutes, as well as other changes that would increase transparency. Despite Trump's history of criticizing Powell and hinting at his removal, he has no legal basis to fire a confirmed Fed chair, barring legal misconduct. The tension between the two became apparent in 2018, when Trump considered replacing Powell after the Fed raised interest rates, and again during the pandemic in 2020. In recent comments, Trump has downplayed the role of the Fed chair, joking that the job involves little more than "flipping a coin." While Powell has a lot of influence, the Fed's interest rate decisions are made collectively. The chairman and 11 other officials vote at each Federal Open Market Committee meeting, providing a broad perspective on policy decisions. Other possible candidates Trump could consider for the future Fed leadership include Kevin Warsh, a former Fed chairman, and Trump's former chief economist Kevin Hassett. Trump's former economic advisor Gary Cohn has expressed interest, though Trump's opposition to steel tariffs makes him an unlikely choice.

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🚨🇺🇸 Urgent | The US Federal Reserve cuts interest rates by 25 points! The first fruits of Trump's presidency. 🔴 Now out: ⬅️ America - 🇺🇸 🏛 The interest rate decision issued by the US Federal Reserve ▪️ Previous: 5.00% ▪️ Estimate: 4.75% ▫️ Current: 4.75% ⚪ Result: The interest rate on the US dollar has been reduced 👈 Negative for the dollar .. 🇺🇸 Congratulations to everyone, the bull run has officially begun ✅✅✅✅🤝🔥🚀🚀🚀🚀🚀.

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US Election - Meme Coin Surge! 🐶DOGE led the rally yesterday up to $0.21, but has dropped to $0.19! 🐕SHIB followed with a pump to $0.000019 and is now trading at $0.0000186. 💰MOG jumps into the top 100 with a surge, pushing $836M marketcap. 👀Meme coins are defying the trend, keeping bullish vibes alive!

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