Elon Musk’s X app has recently obtained 35 state licenses for payments, moving closer to becoming both a social and financial platform. The community is excited about the possibility of using Dogecoin (DOGE) on X’s payment platform.
Additionally, X has introduced new methods for content creators to earn money, aligning with Musk’s vision of integrating payments into the platform.
Elon Musk’s X Expands Payment Licenses, Sparking Dogecoin Enthusiasm
Elon Musk’s rebranded X platform, formerly known as Twitter, is making strides toward creating an internal payment system by securing another money transmitter license. The latest license was obtained in North Dakota, bringing the total number of states where X is licensed to 35.

Source: X
This expansion has excited the Dogecoin community, as many believe that X’s payment services might be launched later this year.
X’s Payment Expansion and Creator Monetization: Musk’s Vision
The expansion of X’s payment licenses represents a key step in Elon Musk’s vision of turning the platform into a comprehensive social and financial hub. With licenses now in 35 states, X is closer to launching its payment feature nationwide. The remaining 15 states are expected to follow, allowing X to fully implement its payment system. This move is part of Musk’s broader strategy to integrate financial services into X, potentially making it a strong competitor in the payments industry.
Alongside payment integration, X has introduced new monetization options for content creators, including ad revenue sharing and subscription services. Monthly payouts to creators have already started, marking a significant shift in how social media platforms can financially reward their users. These changes highlight Musk’s commitment to evolving X into a platform that supports both social interaction and financial transactions.
Source: X
Dogecoin Community’s Excitement for Musk’s X Changes
The Dogecoin community has shown strong support for Elon Musk and his ventures, including his activities with the X platform. Updates on X, particularly regarding the potential use of Dogecoin, have been well-received from key figures like DogeDesigner, a member of the Dogecoin development team.
The anticipation isn’t solely due to the payment feature but also because changes to Dogecoin, which Musk has previously endorsed, are expected. The possibility of integrating Dogecoin into X’s payment system has generated optimism and excitement within the community, with many hoping it will boost the digital currency’s usage.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Dogecoin #ElonMusk #Doge #Solana #ARKInvest $DOGE $BTC $ETH

Despite Grayscale’s Ethereum Trust experiencing cumulative outflows of over $2 billion, daily net inflows into U.S. spot Ethereum ETFs have recently turned positive. This shift in investment trends is attracting attention in the crypto community.
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Many analysts believe that Ethereum ETFs are likely to follow a trajectory similar to that of Bitcoin ETFs. This perspective suggests a potential upward movement for Ethereum’s price in the near future, driven by growing interest and investment in Ethereum-based financial products.
Ethereum ETF Flows and Market Movements
Spot Ether ETF flows have been inconsistent this week, with BlackRock and Grayscale leading the activity. On August 1, spot Ethereum ETFs saw a net inflow of $26.7 million, driven largely by an $89.6 million inflow into BlackRock’s iShares Ethereum Trust (ETHA), according to market data.
BlackRock’s ETHA ETF has shown strong performance, with $89 million in inflows over the past 24 hours, bringing its total net inflows to over $710 million since its launch. In contrast, Grayscale’s ETF has seen a decline in outflows. Fidelity’s FETH also recorded minor inflows of $11.4 million, contributing to the overall positive trend in Ethereum ETF investments.

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With Grayscale’s ETF outflows decreasing, it may be an opportune time for Ethereum to attract early investors. Recent whale activity has increased, with Lookonchain reporting that three wallets linked to Elwood deposited 19,500 ETH, worth around $64 million, into Binance over the past two days. These movements are believed to impact recent ETH price fluctuations.

Source: X
Additionally, today’s expiration of Ethereum options, involving $600 million in contracts, adds another layer of uncertainty. With a put-call ratio of 0.55 and a max pain point of $3,300, the market is expected to experience further volatility as traders adjust their positions in response to these large-scale expirations
Ethereum Price Sensitivity and Future Outlook

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In light of recent market sensitivity, analysts such as Steno Research’s Mads Eberhardt predict that the slowdown in outflows from Grayscale could potentially drive up Ethereum (ETH) prices. At the same time, Kaiko’s Will Cai has observed that ETH’s price remains highly sensitive to ETF inflows.
Currently, ETH is trading around $3,200, down from its recent high of $4,000 on March 14. The market sentiment has been shifting due to ongoing geopolitical events. Unlike Bitcoin ETFs, Ethereum ETFs have not experienced similar inflows, partly because the SEC has not approved staking for ETH. The total value locked on the Ethereum network remains steady at 17.8 million ETH, reflecting limited growth.

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Despite these challenges, strong support seen in July indicates that buyers are still active, which could potentially push Ethereum prices up to $4,500. As of now, Ethereum is trading at approximately $3,165, suggesting both opportunities and uncertainties in the near-term market outlook.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ETH  #ETF  #EthereumETF  #ARKInvest  #MicroStrategy $BNB $USDC $ETH

Jupiter Exchange has proposed a plan to reduce the supply of its native token, Jupiter (JUP), by 30% over the next six months.
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The plan involves burning tokens held by the development team, which will decrease the total supply from 10 billion to 7 billion. This reduction in supply is expected to improve transparency and better align with the goals of the JUP community.
Jupiter (JUP) Token Burn Proposal and Market Impact
Jupiter Exchange has proposed a $2.88 billion token burn, which would be the largest in cryptocurrency history. This plan, pending approval from the Jupiter Exchange DAO vote, aims to reduce the total supply of JUP tokens from 10 billion to 7 billion. The reduction is expected to create scarcity, potentially increasing the token’s value. Co-Founder Weremeow has highlighted that the gradual burn will enhance long-term investor confidence and stability.

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Since the announcement, the JUP token has been on the rise, breaking out from a falling wedge pattern. The price action shows a trend of higher highs and higher lows since mid-June, with the token staying above the 50-day EMA. However, recent market activity has formed a double top pattern, which could be a cautionary sign if prices fall below the $0.95 neckline.
Jupiter (JUP) Token Burn Proposal and Market Outlook
The proposed 30% reduction in Jupiter (JUP) token supply aims to create scarcity and boost investor confidence. With immediate support at $0.88, maintaining bullish momentum is crucial for JUP. Resistance levels are set at $1.11 and $1.28, where previous attempts to surpass these prices have failed. Currently, the Relative Strength Index (RSI) is at 51.96, indicating moderate bullish sentiment without being overbought. Additionally, the MACD line confirms bullish momentum, supported by steady trading volumes.

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Despite the optimistic outlook, there are risks to consider. A decline below the $0.68 price level could challenge the bullish thesis and signal market weakness, potentially causing JUP to revert to the next major support level at $0.49.
In summary, the token burn proposal, if approved, is expected to enhance token scarcity and drive significant price momentum. Investors should monitor key support and resistance levels closely to navigate potential market changes effectively.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Jupiter  #JUP  #ARKInvest  #EthereumETF  #MicroStrategy   $JUP $BTC $ETH

Lately, cryptocurrencies have been very unstable, with Bitcoin (BTC) going up and down, which has also affected other coins. Shiba Inu (SHIB) is no different and has been fluctuating too.
But in the last 24 hours, big investors, known as whales, have been very active with SHIB. This activity has led some experts to think that the trend might change soon.
Shiba Inu’s Growing Whale Activity Signals Market Confidence
After a period of low activity, Shiba Inu’s interest and strength in whale activities are making a comeback. In the last 24 hours, SHIB has seen a total of 3.8 trillion tokens transferred. This increase in transfers shows growing confidence among major SHIB holders.
Market trends over the past week indicate that investors have strong faith in the meme coin. The inflow of large holders could drive prices up through increased buying pressure.
Data from IntoTheBlock revealed that large holders’ transactions have surged from a low of 117.17 billion to a high of 860 billion.

Souce: IntoTheBlock
At the time of writing, the inflow of transactions from large holders was at 849.67 billion, further demonstrating investors’ confidence in the future of Shiba Inu and the broader crypto market.
Shiba Inu Faces Bearish Market Sentiment and Decline
As of now, SHIB is trading at $0.00001554, showing a 7.48% decline on weekly charts. This decline follows a consistent drop over the past months, with a 6.59% decrease on monthly charts.
In the past 24 hours, SHIB has dropped by 2.25%, indicating that the inflow from large holders has not positively impacted prices. SHIB continues to face strong bearish market sentiment, causing further price declines.
The Directional Movement Index (DMI) shows a strong downtrend. Currently, the positive index is at 14.25, below the negative index of 23.0734, suggesting a strong downtrend.

Source: TradingView
Additionally, the Relative Vigor Index (RVGI) is below zero at -0.2164 and sits below the signal line, indicating that closing prices are, on average, lower than opening prices, reflecting a prevailing bearish market sentiment.

Source: TradingView
SHIB’s Chaikin Money Flow (CMF) is negative at 0.06, suggesting higher selling pressure. This indicates that the meme coin is closing in the lower half of its range, showing a bearish market sentiment.
Finally, the MACD is below zero at -0.00000051, below the histogram, which is also negative. This shows that the short-term EMA is below the long-term EMA, a bearish sign. If the current market sentiment persists, SHIB is likely to decline to the critical support level at $0.00001483

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #ShibaInu #Memecoins #ARKInvest #EthereumETF $SHIB $BTC

The WIF cryptocurrency has experienced a notable decline in value over the past 24 hours, mirroring the broader trend of market corrections affecting various digital assets. Recent data indicates that the market is currently oversold, which could suggest the potential for further declines.
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As the situation evolves, it’s important to stay informed about the latest movements in the WIF cryptocurrency. This includes monitoring current trends, investor reactions, and future predictions to better understand the potential direction of the market.
WIF Price Drops Amid Market Correction; Meme Coins Also Decline
In the last 24 hours, the WIF cryptocurrency has fallen by 7%, bringing its price down to $1.87. This decline is part of a broader bearish trend affecting the wider cryptocurrency market. During this period, open interest in WIF has dropped by 10.82%, totaling $266.04 million, and long positions have faced liquidations amounting to $571,000, reflecting decreasing trader confidence.

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Technical indicators offer additional insight into WIF’s current performance. The Relative Strength Index (RSI) is at 29, indicating that WIF is in oversold territory. The Moving Average Convergence Divergence (MACD) line is at -0.142, slightly above the signal line of -0.122, suggesting a weakening bearish trend. If selling pressure continues, WIF may test support levels at $1.80, $1.70, and $1.50.
WIF is not alone in its downturn. Major meme coins such as Dogecoin and Shiba Inu have also seen drops of 3.3% and 3.2%, respectively. Other meme coins like Pepe Coin, Bonk, and Floki have experienced declines ranging from 1.2% to 4.7%. This collective decline indicates a reduced interest in meme coins, likely influenced by recent market volatility.
WIF Price Decline and Potential for Rebound

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Despite the current negative sentiment, there is a possibility for WIF to rebound. If bullish momentum returns, WIF could break through the $2.00 resistance level and potentially rise to $2.50 or even $3.00. Such a recovery might attract renewed investor interest and lead to a more positive market outlook.
In summary, while WIF prices have dropped amid a broad market correction and technical indicators suggest further declines might be possible, there is potential for a rebound if market sentiment improves. Investors should remain cautious but stay informed about market trends to make well-informed decisions.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#WIF  #Memecoins  #DogWifhat  #ARKInvest  #EthereumETF $WIF $BTC $BNB

Cathie Wood’s Ark Invest has recently increased its holdings in Coinbase (COIN) and Robinhood (HOOD) stocks as their prices have risen with the recovery in the crypto market. This comes after the asset manager had previously sold off these stocks.
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Ark Invest is adjusting its portfolio to respond to market changes, taking advantage of the recent bounce back in the crypto sector following a period of market correction due to macroeconomic factors.
Ark Invest Increases Coinbase and Robinhood Holdings
Ark Invest has increased its holdings in Coinbase (COIN) and Robinhood (HOOD) as the crypto market shows signs of recovery. On August 6, Ark Invest purchased 13,833 COIN shares, valued at around $2.6 million, and 84,080 HOOD shares, worth over $1.4 million. This follows a significant buy on August 5, where Ark added 93,797 COIN shares for approximately $17.8 million.

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These moves come as the crypto market rebounds from a previous dip caused by macroeconomic factors and a Bitcoin price drop below $50,000. Despite these fluctuations, recent gains in the crypto and global financial markets have positively impacted digital asset stocks. Coinbase’s stock is up 2.48% in the last 24 hours, supported by the company’s better-than-expected revenue of $1.4 billion.
Ark Invest Boosts Robinhood Holdings Amid Crypto Market Rebound
While Coinbase gains traction during the current market rebound, other related stocks are also drawing investor interest. Cathie Wood’s Ark Invest increased its holdings in Robinhood (HOOD) by 84,080 shares as the company’s stock price rose. Robinhood, known for its crypto-friendly services, is expected to report stronger-than-anticipated Q2 earnings following positive trading over the last few months.

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In contrast, Ark Invest has reduced its positions in Block Inc., Amazon, and UiPath Inc., among other stocks. The firm, renowned for its strategic investments in crypto-related equities, continues to adjust its portfolio in response to market conditions.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ARKInvest #Cathiewood #EthereumETF #MetaPlanet #DonaldTrump $BTC $ETH $SOL

Robert Kiyosaki, the investor and author of “Rich Dad Poor Dad,” has shared his thoughts on the current market crash with his followers on X. Despite the downturn, he believes that this is a time to look for opportunities. Kiyosaki sees potential for investors and entrepreneurs to grow their wealth, even in a crashing market.
Robert Kiyosaki has tweeted about the recent stock market crash. On Friday, the Dow Jones fell by 600 points, the Nasdaq dropped by 2.4%, and the S&P 500 slipped 6% from its recent peak.

Kiyosaki’s Advice Amid Market Crash: Seize the Opportunity
Robert Kiyosaki reminded his 2.1 million followers on X (formerly Twitter) that he had been predicting the current market crash for years. The author of Rich Dad Poor Dad had frequently warned of an impending downturn.

Robert Kiyosaki Tweet_ Source: X
Kiyosaki suggested that this crash presents a chance to get richer by buying assets at low prices. He acknowledged that the current losses are significant for many investors and companies but emphasized that such times are opportunities for wealth-building.
He referenced his book, explaining that his “rich dad” taught him that during market crashes, the wealthy are able to capitalize and grow their wealth.
Kiyosaki’s Bold Crypto Predictions and Investment Strategy
In early June, Robert Kiyosaki surprised the crypto community with a bold prediction about the potential rise of the world’s leading cryptocurrencies. Kiyosaki tweeted that he expects Bitcoin to soar to the $350,000 level this year. He clarified that this was not just a prediction but also his “target, a dream, and a wish.”
Kiyosaki also revealed that he is not only holding and buying Bitcoin but also investing in leading altcoins such as Ethereum and Solana. This insight into his investment strategy highlights his confidence in the long-term potential of these cryptocurrencies.
Kiyosaki has been vocal about Bitcoin since at least 2020, when the pandemic began, frequently criticizing the US government for printing what he calls “fake” US dollars to support the economy. This year, he has cited another significant reason for his optimistic Bitcoin forecast: the size of the US national debt, which has now reached a staggering $35 trillion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#RobertKiyosaki  #ARKInvest  #EthereumETF  #Bitcoin  #Solana