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DONALD TRUMP NOW ACCEPTS CRYPTO DONATIONS FOR PRESIDENTIAL CAMPAIGN. Former US President Donald Trump, who is currently embroiled in multiple criminal cases, has announced that his 2024 presidential campaign will accept cryptocurrency donations. The campaign unveiled a fundraising page on May 21, facilitating crypto contributions through Coinbase Commerce. The page features logos of various cryptocurrencies, including Bitcoin, Ether, Dogecoin, Shiba Inu, XRP, USD Coin, Solana, and 0x. The announcement also took aim at Senator Elizabeth Warren, accusing her without evidence of acting as President Joe Biden's mouthpiece on cryptocurrency issues. Trump shared his plan to accept crypto donations during a dinner with supporters who had purchased an NFT of his mugshot. With the 2024 Election Day less than six months away, Trump is viewed as the likely Republican nominee, preparing for a potential rematch against President Biden, the expected Democratic nominee. Despite the new crypto donation feature, Trump's campaign website does not currently address digital assets or blockchain technology on its "issues" page. President Biden, while not frequently commenting on cryptocurrencies, signed an executive order in 2022 aimed at establishing a regulatory framework for digital assets. After his presidency, Trump was critical of Bitcoin in 2021, labeling it a "scam" and expressing a preference for the US dollar. However, his stance appears to have evolved in the context of the campaign. Meanwhile, rivals Vivek Ramaswamy and Ron DeSantis have made their own remarks on central bank digital currencies (CBDCs). In a January 2024 campaign event, Trump stated that he would prevent the establishment of a CBDC in the United States. #newsdaily #BinanceExplorers
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ARE YOU HAVING DOUBT TO TRADE ON SOLANA RIGHT NOW???🤔🤔 Well let me tell you 4 reasons why solana is the best to trade on right now😉😉 1. **Transactions are Cheap and Fast** Solana's transactions are very inexpensive, often costing less than half a cent, and usually execute within a second or two, unless the network is congested. In contrast, Ethereum's gas fees fluctuate wildly and are often in the tens of dollars, making small transactions uneconomical and taking several minutes to complete. This makes Solana attractive to investors who prefer quicker and cheaper transactions. 2. **Rapidly Growing Ecosystem of Tools** Investing in cryptocurrencies requires the right tools for research, fund management, transacting, tracking profits and losses, and asset transfers. Solana offers a robust ecosystem with multiple options for data sources and tools, catering to both basic and advanced needs, making it easier for investors to operate successfully. 3. **The Meme Coin Chain** Solana hosts a majority of meme coin projects. Popular meme coins like Dogwifhat and Bonk originated here, and there's been a surge in initial coin offerings (ICOs) on the platform. While many projects fail, some achieve significant market caps, building loyal communities and attracting attention, highlighting Solana's role in this niche. 4. **Recent Network Upgrade** On April 15, Solana upgraded its network to process more transactions, a necessary move due to high volume in mid-March from meme coin trading, which caused congestion and transaction failures. Unlike other chains, Solana's governance has shown urgency in improving user experience, indicating positive future developments. **Should You Invest $1,000 in Solana Right Now?** Before investing, consider the factors outlined above to make an informed decision about Solana.😉☺️😌😇 #QueencryptoNews $SOL #BinanceExplorers
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BITCOIN ANALYSIS BTC remained well above the 50-day and 200-day EMAs, indicating a bullish trend. A rise back to $70,000 could propel BTC toward the $73,808 all-time high, with $75,000 as the next target. Market participants should watch Fed statements, US BTC-spot ETF flows, and ETH-spot ETF news. Conversely, dropping below the $69,000 support might lead to a decline toward the 50-day EMA and $64,000 support. With a 62.50 RSI over 14 days, BTC could reach $73,808 before hitting overbought levels. #BTC☀️ #BinanceExplorers $BTC
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BTC NEWS TODAY!!!! On Tuesday, May 21, Bitcoin (BTC) fell by 0.80%, partially offsetting a 5.97% surge from the previous day, closing at $69,639. The US BTC-spot ETF market experienced total net inflows of $237.2 million on Monday, marking the sixth consecutive session of net inflows. However, data from Tuesday indicated a decrease in demand due to uncertainty regarding a potential Fed rate hike in September. According to Farside Investors, the Grayscale Bitcoin Trust (GBTC) saw no net flows on Tuesday, ending its four-day streak of net inflows. The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded net inflows of $25.8 million, a drop from $64.0 million on Monday. The Bitwise Bitcoin ETF (BITB) faced net outflows of $4.2 million, its first since May 1, while the VanEck Bitcoin Trust (HODL) experienced net outflows of $5.9 million, also a first since May 1. Excluding iShares Bitcoin Trust (IBIT), total net inflows for the US BTC-spot ETF market were only $15.7 million. Since January 11, 2024, the US BTC-spot ETF market has seen total net inflows of $12,883.4 million. In May, the competition remains tight, with IBIT and FBTC leading the market, having accumulated total net inflows of $15,700.7 million and $8,575.7 million, respectively, since their inception. There is uncertainty about future flow trends for a potential US ETH-spot ETF market. Investors might be hesitating to buy BTC-spot ETFs, anticipating the launch of ETH-spot ETFs, or demand could be weakening due to uncertainties regarding the Fed's interest rate policy. #BTC☀️ $BTC #BinanceExplorers
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Will Ethereum ETFs Get Approval On Thursday? Here's What This Crypto Prediction Market Tells Us.👇 In a surprising turn of events, optimism for the approval of a spot Ethereum ETF surged dramatically. On the afternoon of May 20, Bloomberg ETF analyst Eric Balchunas posted on X, increasing his predicted chances of Ethereum ETF approval from 25% to 75% after "hearing chatter this afternoon that SEC could be doing a 180". This news caused Ethereum's price to spike almost immediately, rising from under $3,100 to over $3,800 in less than 24 hours. Balchunas suggests that there is a strong possibility of at least partial approval by Thursday, which is the deadline for the VanEck ETF application. He mentioned that the SEC might approve the 19b-4 filings, enabling ETFs to be listed on the exchange. However, each ETF would also need S-1 approval, a comprehensive registration document. This approach would allow the SEC to initiate the process while retaining the ability to thoroughly review each ETF application before making a final decision. While Balchunas is an informed insider, his perspective is just one among many. It's essential to consider other viewpoints regarding the likelihood of an ETH ETF approval within the week. Polymarket, a unique crypto application, allows users to bet on the outcomes of various events using cryptocurrency. Bets can be placed on "yes" or "no" outcomes, with potential payouts reflecting the perceived probability of the event. For example, if most participants believe an event will happen, the payout for a "yes" bet will be lower than for a "no" bet. Trending: Cathie Wood claims that holding 6 Ethereum (ETH) could potentially make you a millionaire—here's why that might be true. Polymarket features a range of betting events, including the upcoming presidential election, Elon Musk's tweets over a week, and the number of consecutive weeks Taylor Swift's album will be No.1. The platform attracts substantial betting activity, including on whether the Ethereum ETFs will be approved by May 31 Before Balchunas' announcement. #ETHETFS
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