I hope KH would also do the same if she comes into power
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Bitcoin
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🇺🇸 "Never sell your Bitcoin! The federal government holds 210,000 BTC. If elected, my administration will keep 100% of all Bitcoin the US owns." - Donald Trump
Yes, there is a significant update! The SEC approved a rule change on May 23, 2024, paving the way for the creation of ETFs that directly hold Ethereum (ETH), the second-largest cryptocurrency by market capitalization [CNBC]. This is a major development for the crypto industry, following the SEC's approval of Bitcoin ETFs earlier this year.
Here's a quick breakdown of the news:
Approval Granted: The SEC approved a rule change that allows for spot Ethereum ETFs. [multiple sources]
Impact: This is expected to increase institutional investment in Ethereum and potentially lead to a price surge. [FXStreet]
Next Steps: While the rule change paves the way, individual ETF applications (S-1 registration statements) still need approval, which is generally considered a formality. [ETF.com]
CZ's work for crypto and ultimaly decentralized finance is unforgettable. wasting three important years where he could have done so much for financial future of the world is insane.
Bollinger Bands are often used by traders to identify potential entry and exit points for a trade. When the price of an asset moves above the upper band, it may indicate that the asset is overbought and a sell signal. When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal.
CYPHERPUNK LEGEND ADAM BACK SAYS $100,000 BITCOIN PRICE IS 'OVERDUE'
One of Bitcoin's most significant contributors, Adam Back, believes the asset is currently undervalued, even at all-time price highs above $70,000.
Back doubled down on his $100,000 prediction in a post on X saying, "I think the reason things are muted is that $100k seems way overdue, for a few years now. There's not much bull market euphoria as the $1-5k green candles scroll by. Just tick tock $100k."
Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
By Stephen Alpher
Updated Mar 14, 2024 at 2:24 a.m.
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
Now billing itself as a Bitcoin Development Company, MicroStrategy (MSTR) Wednesday afternoon filed to raise $500 million in a convertible debt offering, with intentions to use the proceeds to purchase more bitcoin (BTC), according to a press release.
The company only days ago closed on an $800 convertible debt raise (upsized from an originally planned $600 million), with those proceeds plus some dollars already in the bank used to acquire another 12,000 bitcoin for $821.7 million.
what you guys think about the future of Polka dot and Link as compare to all other leading tokens have seen significant price increase expect these two? #DOTecosystem #LINKUSDT I am still bulish and thinks a good grab at this point in time.