Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses
Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen report published on Aug. 21
The report highlighted that this amount represents almost half of all corporate contributions in this election cycle, which currently total $248 million
The report added that increased spending by the crypto sector also raises questions about the broader implications for corporate influence in US elections. Should this trend continue, it could lead to other industries adopting similar strategies, potentially increasing the role of corporate contributions in shaping election outcomes
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**đ Ripple Scores Partial Victory in SEC Lawsuit! đ**
Ripple has secured a partial win in its lengthy legal battle with the SEC, resulting in a $125 million penaltyâfar less than the $2 billion sought by the SEC. This decision has sent XRP soaring by over 20%! đ
**ETFSwap (ETFS): A New Contender**
As Ripple navigates this new landscape, ETFSwap (ETFS) is emerging as a top alternative. This DeFi platform bridges traditional markets and crypto, offering access to Bitcoin ETFs, Spot Ethereum ETFs, and more.
**Why ETFSwap?**
- Built on Ethereum blockchain
- 24/7 access and decentralized benefits
- AI-driven investment recommendations
- Secure and audited by CyberScope
**Join the Conversation!**
What do you think about Ripple's victory and ETFSwap's potential? Share your thoughts in the comments!
â ïž Breaking Updates Regarding $FTM $GALA $ATOM
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Fantom (FTM)Support Level:Â $0.35Resistance Level:Â $0.45Analysis:Â The major support level for Fantom is at $0.35, which has been a crucial point for buyers. On the resistance side, $0.45 is the key level to watch. If FTM can break above this resistance, it could see further gains. However, a drop below $0.35 might lead to a pullback towards $0.30.
Gala (GALA)Support Level:Â $0.015Resistance Level:Â $0.020Analysis:Â The major support level for Gala is at $0.015, which has held strong during recent market corrections. The key resistance level to monitor is $0.020. Breaking above this resistance could lead to further upward movement. Conversely, if GALA falls below $0.015, it might see a decline towards $0.012
Cosmos (ATOM)Support Level:Â $4.00Resistance Level:Â $5.00Analysis:Â The major support level for Cosmos is at $4.00, which has been a critical point for buyers. On the resistance side, $5.00 is the key level to watch. If ATOM can break above this resistance, it could see additional gains. However, a drop below $4.00 might lead to a pullback towards $3.50.
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#DOGE : It has reached saturation point. Elon Musk's posts about Doge are no longer effective. Millions of people bought it. However, bull time It can do 3-5x at most
#FLOKI , #PEPE , #BOME , #SHIB : Reached saturation point
Did you miss all this?
Don't miss C AT E X
It's a cat token and I'm interested in it, I'm always interested in any token that comes out before the bull because it doesn't come out during the bull
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You can buy C A T E X on Binance web 3 or pancakeswap
Contract
0xC9ac219C6A3eB0E0AcBb5911099c6a79D29F585d
I wish you a lot of profit
$BNB $SOL
đ Crypto companies are making waves in the 2024 election cycle! Nearly half of all corporate political contributions, totaling $119M, are from giants like Ripple and Coinbase, according to a report by Public Citizen. đ
Fairshake, a pro-crypto super PAC, has received $107.9M from these companies, aiming to elect crypto-friendly candidates and challenge skeptics. This unprecedented spending highlights the growing influence of the crypto industry in politics.
What do you think about the crypto industry's political power play? Share your thoughts below! đŹ #CryptoPolitics #Election2024 #BlockchainInfluence
**Crypto Companies Dominate 2024 Election Contributions đłïž**
A recent report from Public Citizen reveals that nearly half of corporate political contributions in the 2024 election cycle are coming from cryptocurrency companies. Data from OpenSecrets shows that crypto giants like Ripple and Coinbase have contributed $119 million out of a total $248 million in corporate election spending.
- **Key Findings:**
- 48% of corporate election spending is from crypto firms.
- $107.9 million of the $203 million raised by the pro-crypto PAC, Fairshake, came from these companies.
- Major contributors include the Winklevoss twins and Coinbase CEO Brian Armstrong.
Public Citizenâs research director, Rick Claypool, calls this level of spending "unprecedented." Since 2010, only the fossil fuel industry has outspent crypto, with $162 million in contributions.
What are your thoughts on the impact of crypto on politics? Share in the comments!
$RARE had a strong run-up, peaking at $0.3476, but now it's pulling back slightly.
It's currently sitting just below the 7-day moving average, which could act as short-term resistance around $0.2573.
If it can reclaim and hold that level, we might see another attempt to push higher.
However, if it fails, it could drop to the 25-day moving average around $0.2494 or lower, potentially finding support around $0.20.
The trend is still bullish, but this could be a consolidation phase before the next big move.
#RAREUSDT #Write2Earn! #Saminakhan
$PEPE is showing some bullish momentum after bouncing off the recent low of 0.00000686 USDT. The price is currently above the 7-day and 25-day moving averages, which suggests a short-term uptrend. However, itâs approaching the resistance around 0.00000800 USDT, with a possible target near 0.00000900 USDT if the breakout holds. Volume is picking up, so watch for a strong move if it breaks resistance. If it fails to break through, it might consolidate or pull back.
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#pepe⥠#PepeCoinToTheMoon
SOL/USDT
1. **Moving Averages (MA):**
- **MA(7):** The yellow line indicates the 7-period moving average is at 143.43, which is providing near-term support for the price.
- **MA(25):** The purple line shows the 25-period moving average at 142.57. The price is currently trading above this level, indicating short-term bullish momentum.
- **MA(99):** The blue line represents the 99-period moving average at 142.21, which is a longer-term indicator, and the price is currently above this as well, indicating that the trend remains upward in the medium term.
2. **Volume:** The volume is relatively high on the recent upward move, supporting the bullish trend.
3. **RSI Indicators:**
- **RSI(6):** 60.62
- **RSI(12):** 60.27
- **RSI(24):** 57.06
These RSI values suggest the price is neither overbought nor oversold, but leaning slightly towards the overbought territory, meaning there could be more upward momentum or potential for a short-term pullback.
4. **MACD:** The MACD line is above the signal line, and the histogram is positive, indicating bullish momentum.
### Conclusion:
The chart currently shows bullish momentum, with the price trading above all key moving averages. However, since the RSI is nearing overbought levels, caution is advised as there could be a short-term consolidation or pullback before continuing the upward trend.
$XRP at $100âsounds impossible? Think again! đ With the ongoing legal battles nearing an end, partnerships expanding globally, and Ripple's vision to revolutionize cross-border payments, XRP's potential is limitless. đ„[WAIT A SECOND VOTE FOR CRYPTO LEO T_](https://app.binance.com/uni-qr/cpro/cryptosea?l=en&r=157582291&uc=web_square_share_link&us=copylink)
đ Hereâs Why It Could Happen:
1ïžâŁ Institutional Adoption: Ripple's collaborations with financial giants are setting the stage for massive utility and demand.
2ïžâŁ Global Regulations: As clarity emerges, XRP is poised to become the go-to asset for international transfers.
3ïžâŁ Scarcity & Demand: With more XRP locked in partnerships and used for liquidity, supply shrinks while demand surges.
đš Itâs not just a dreamâitâs a possibility! As the crypto space evolves, XRP could be on a trajectory that takes it to the moon and beyond! đ
What do you thinkâ$100 XRP? Join the conversation and letâs make it trend! đ#BecomeCreator
A "bear trap" is a situation in the financial markets where the price of an asset (such as a stock or cryptocurrency) temporarily drops, giving the appearance that a bearish trend (a decline in price) is forming. This price action can deceive traders and investors into believing that the asset is going to continue falling, leading them to sell or short the asset.âïž
However, instead of continuing downward, the asset's price quickly reverses and starts to rise again. Those who sold or shorted the asset expecting further declines can end up losing money as the price recovers. This sudden reversal "traps" the bears (those betting on the price falling) who are forced to cover their positions at a loss.
Bear traps can occur due to a variety of reasons, including:
1. **False Breakdowns**: The price temporarily breaks below a key support level, only to reverse and move higher.
2. **Market Manipulation**: Large traders or institutions may intentionally drive the price down to trigger stop-loss orders or induce selling before buying back at lower prices, causing the price to recover quickly.
3. **Low Volume**: A decline in price on low trading volume may not have enough strength to sustain a downtrend, leading to a quick reversal.
Bear traps are particularly tricky because they can lead to significant losses for those who are caught off guard by the sudden price reversal. Traders often look for confirmation through other technical indicators before fully committing to a bearish position to avoid falling into a bear trap.
A **bear trap** is a false signal that indicates the price of a cryptocurrency (or other financial asset) is going to decline, leading traders to believe that a downtrend is starting. As a result, many traders sell or short the asset, expecting to profit from a continued price drop. However, the market reverses direction and moves upward instead, "trapping" the traders who sold or shorted, often leading to losses as they scramble to close their positions at a higher price.
Bear traps are typically seen in technical analysis when a security's price breaks below a support level, only to quickly reverse and rise back above that level.
Risk Management 101: 5 Tips to Save Your Sanity (and Your Investments)
Hey there, investors! Let's face it - the markets can be crazy unpredictable. But, there are ways to protect yourself from those unexpected twists and turns. Here are 5 risk management tips to help you navigate the wild world of investing:
Don't put all your eggs in one basket. Diversify, diversify, diversify! Spread your investments across different asset classes, sectors, and geographic regions.
Know your limits. Set clear investment goals and risk tolerance. Don't invest more than you can afford to lose.
Size matters. Limit the size of each investment and set stop-loss orders to minimize potential losses.
Stay calm and carry on. Stay informed, but avoid making impulsive decisions based on emotions.
Regular check-ups. Periodically review and rebalance your portfolio to ensure it's aligned with your goals and risk tolerance.
By following these simple tips, you'll be better equipped to handle market volatility and achieve your long-term investment goals. Happy investing!
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â ïž Breaking Updates Regarding $UNI $DAI $1000SATS
Humble request Vote for me and Support us đ
Uniswap (UNI)Support Level:Â $6.00Resistance Level:Â $7.00Analysis:Â The major support level for Uniswap is at $6.00, which has been a crucial point for buyers. On the resistance side, $7.00 is the key level to watch. If UNI can break above this resistance, it could see further gains. However, a drop below $6.00 might lead to a pullback towards $5.50.
Dai (DAI)Support Level:Â $0.98Resistance Level:Â $1.02Analysis:Â The major support level for Dai is at $0.98, which has held strong during recent market corrections. The key resistance level to monitor is $1.02. Breaking above this resistance could lead to further upward movement. Conversely, if DAI falls below $0.98, it might see a decline towards $0.95.
1000*SATS (Ordinals)Support Level:Â $0.000250Resistance Level:Â $0.000350Analysis:Â The major support level for 1000SATS is at $0.000250, which has been a critical point for buyers. On the resistance side, $0.000350 is the key level to watch. If 1000SATS can break above this resistance, it could see additional gains. However, a drop below $0.000250 might lead to a pullback towards $0.000200.
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