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"Think XRP at $589 is Impossible? Pundit Argues It’s Time to Rethink"A notable #XRP community figure believes those who cannot conceive an XRP rally to the famous three-figure target are not “delusional” enough. Read more on: https://thecryptobasic.com/2024/12/16/pundit-says-those-who-dont-believe-xrp-can-reach-589-arent-delusional-enough/ #CryptoNews🚀🔥V

"Think XRP at $589 is Impossible? Pundit Argues It’s Time to Rethink"

A notable #XRP community figure believes those who cannot conceive an XRP rally to the famous three-figure target are not “delusional” enough.

Read more on: https://thecryptobasic.com/2024/12/16/pundit-says-those-who-dont-believe-xrp-can-reach-589-arent-delusional-enough/
#CryptoNews🚀🔥V
#FTX approaches the end of its bankruptcy process as it unveils a new date for $16 billion reimbursement to creditors. The FTX bankruptcy estate announced the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the plan’s Convenience Classes. Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers. Preparation for Repayment  The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms.  Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan.  The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings.  The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future.  #CryptoNews🚀🔥V
#FTX approaches the end of its bankruptcy process as it unveils a new date for $16 billion reimbursement to creditors.
The FTX bankruptcy estate announced the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the plan’s Convenience Classes.
Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers.

Preparation for Repayment 

The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms. 
Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan. 
The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings. 
The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future. 
#CryptoNews🚀🔥V
Software service firm MicroStrategy has made a fresh #Bitcoin acquisition as the premier asset continues to achieve new price milestones. Today, MicroStrategy invested an additional $1.5 billion to acquire 15,350 units of Bitcoin at an average cost of $100,386 per unit. Michael Saylor, the company’s chairman, announced this latest acquisition via a tweet a few hours ago. MicroStrategy Deploys $5.1B in Bitcoin So Far in December This acquisition coincides with Bitcoin reaching an all-time high of $106,488 today. Although a brief pullback has followed the peak, Bitcoin continues to trade above $105K at press time. Notably, this marks the first instance in which MicroStrategy has purchased Bitcoin in the $100K price range. Just seven days ago, the company acquired 21,550 units of Bitcoin for $2.1 billion. This particular investment followed one made the previous week when MicroStrategy bought 15,400 BTC for $1.5 billion. Essentially, MicroStrategy has bought Bitcoin for three consecutive weeks in December. In total, it has committed $5.1 billion toward acquiring Bitcoin this month alone, adding 52,300 BTC to its portfolio. Following today’s investment, MicroStrategy now holds 439,000 BTC tokens, which it has acquired for $27.1 billion since 2020. This puts its average cost per unit at $61,725 per BTC. Notably, MicroStrategy’s Bitcoin portfolio is seeing an unrealized profit of $18.77 billion, bringing the total valuation to $45.85 billion. At current holdings, the company controls 2.21% of Bitcoin’s circulating supply. It has also posted a quarter-to-date return of 46.4% and a year-to-date profit of 72.4%. #CryptoNews🚀🔥V
Software service firm MicroStrategy has made a fresh #Bitcoin acquisition as the premier asset continues to achieve new price milestones.
Today, MicroStrategy invested an additional $1.5 billion to acquire 15,350 units of Bitcoin at an average cost of $100,386 per unit. Michael Saylor, the company’s chairman, announced this latest acquisition via a tweet a few hours ago.

MicroStrategy Deploys $5.1B in Bitcoin So Far in December

This acquisition coincides with Bitcoin reaching an all-time high of $106,488 today. Although a brief pullback has followed the peak, Bitcoin continues to trade above $105K at press time.
Notably, this marks the first instance in which MicroStrategy has purchased Bitcoin in the $100K price range. Just seven days ago, the company acquired 21,550 units of Bitcoin for $2.1 billion. This particular investment followed one made the previous week when MicroStrategy bought 15,400 BTC for $1.5 billion.
Essentially, MicroStrategy has bought Bitcoin for three consecutive weeks in December. In total, it has committed $5.1 billion toward acquiring Bitcoin this month alone, adding 52,300 BTC to its portfolio.
Following today’s investment, MicroStrategy now holds 439,000 BTC tokens, which it has acquired for $27.1 billion since 2020. This puts its average cost per unit at $61,725 per BTC.
Notably, MicroStrategy’s Bitcoin portfolio is seeing an unrealized profit of $18.77 billion, bringing the total valuation to $45.85 billion. At current holdings, the company controls 2.21% of Bitcoin’s circulating supply. It has also posted a quarter-to-date return of 46.4% and a year-to-date profit of 72.4%.
#CryptoNews🚀🔥V
#Cardano founder Charles Hoskinson has criticized Wyoming Token Commission executive director Anthony Apollo for ignoring Cardano and XRP in the stablecoin project. Hoskinson has been vocal about recent developments in the Wyoming stablecoin project. For context, the agency announced nine chains where Wyoming would issue the imminent state-backed stablecoin, including networks like Ethereum, Stellar, and Sui. However, the major shock came when the project did not include Cardano, Bitcoin, and XRP as networks that could accomodate the stablecoin. The decision did not bode well with Hoskinson, who has repeatedly cited a bias. Cardano Founder Taunts Apollo In a tweet today, Hoskinson taunted the Wyoming Token Commission’s head, Anthony Apollo, for the snub. He reposted a tweet from a Cardano enthusiast, stating that the executive director overlooked Cardano and XRP but chose Ethereum because he knows a lot about the network. The Cardano founder stated that his knowledge came from his time with Consensys, one of the core developers of the Ethereum network. He implied that Apollo was biased in his decision to include Ethereum and snub Cardano. Notably, the response came to a tweet from Stake With Pride, one of the Cardano ecosystem’s SPOs and Dreps. The user shared a clip from the December 13 Wyoming Joint Appropriation Committee meeting, where Apollo insinuated that Cardano is centralized. #CryptoNews🚀🔥V
#Cardano founder Charles Hoskinson has criticized Wyoming Token Commission executive director Anthony Apollo for ignoring Cardano and XRP in the stablecoin project.
Hoskinson has been vocal about recent developments in the Wyoming stablecoin project. For context, the agency announced nine chains where Wyoming would issue the imminent state-backed stablecoin, including networks like Ethereum, Stellar, and Sui.
However, the major shock came when the project did not include Cardano, Bitcoin, and XRP as networks that could accomodate the stablecoin. The decision did not bode well with Hoskinson, who has repeatedly cited a bias.

Cardano Founder Taunts Apollo

In a tweet today, Hoskinson taunted the Wyoming Token Commission’s head, Anthony Apollo, for the snub. He reposted a tweet from a Cardano enthusiast, stating that the executive director overlooked Cardano and XRP but chose Ethereum because he knows a lot about the network.
The Cardano founder stated that his knowledge came from his time with Consensys, one of the core developers of the Ethereum network. He implied that Apollo was biased in his decision to include Ethereum and snub Cardano.
Notably, the response came to a tweet from Stake With Pride, one of the Cardano ecosystem’s SPOs and Dreps. The user shared a clip from the December 13 Wyoming Joint Appropriation Committee meeting, where Apollo insinuated that Cardano is centralized.
#CryptoNews🚀🔥V
HuynhHoangPhuc:
ada hold
"Bitcoin Sees Surging Monthly Inflows—What It Signals for Future Prices"The #Bitcoin market is attracting a considerable amount of capital amid a recent surge in institutional interest globally. Read more on: https://thecryptobasic.com/2024/12/12/heres-how-much-bitcoin-is-attracting-every-month-and-what-it-means-for-price/ #CryptoNews🚀🔥V

"Bitcoin Sees Surging Monthly Inflows—What It Signals for Future Prices"

The #Bitcoin market is attracting a considerable amount of capital amid a recent surge in institutional interest globally.

Read more on: https://thecryptobasic.com/2024/12/12/heres-how-much-bitcoin-is-attracting-every-month-and-what-it-means-for-price/
#CryptoNews🚀🔥V
"Meta Backs Pro-Bitcoin Trump Administration With $1M Inaugural Donation"Meta made headlines this week with a $1 million donation to President-elect Donald Trump’s inaugural fund. Read more on: https://thecryptobasic.com/2024/12/12/meta-strengthens-ties-with-pro-bitcoin-trump-administration-through-1m-inaugural-donation/ #CryptoNews🚀🔥V

"Meta Backs Pro-Bitcoin Trump Administration With $1M Inaugural Donation"

Meta made headlines this week with a $1 million donation to President-elect Donald Trump’s inaugural fund.

Read more on: https://thecryptobasic.com/2024/12/12/meta-strengthens-ties-with-pro-bitcoin-trump-administration-through-1m-inaugural-donation/
#CryptoNews🚀🔥V
"Shiba Inu’s Explosive Potential: $0.0004729 Mark Signals 1,700% Upside"A market analyst believes #shiba⚡ Inu is setting up the stage for a possible 1,700% upsurge. Read more on: https://thecryptobasic.com/2024/12/11/shiba-inu-poised-for-1700-surge-why-0-0004729-may-be-in-play-for-shib/ #CryptoNews🚀🔥V

"Shiba Inu’s Explosive Potential: $0.0004729 Mark Signals 1,700% Upside"

A market analyst believes #shiba⚡ Inu is setting up the stage for a possible 1,700% upsurge.

Read more on: https://thecryptobasic.com/2024/12/11/shiba-inu-poised-for-1700-surge-why-0-0004729-may-be-in-play-for-shib/
#CryptoNews🚀🔥V
𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐌𝐄 𝐂𝐨𝐢𝐧 𝐃𝐞𝐛𝐮𝐭𝐬 𝐨𝐧 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 - 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐦Binance, the world's premier cryptocurrency exchange, has officially listed ME Coin, generating significant buzz within the crypto community. Trading for ME Coin will kick off today, December 10, 2024, at 9:00 PM, presenting an exciting opportunity for investors to explore this innovative digital asset. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐌𝐄 𝐂𝐨𝐢𝐧? ME Coin stands out as a revolutionary cryptocurrency designed to cater to diverse personal and professional applications. From purchasing goods and services to powering gaming ecosystems and other blockchain-driven solutions, ME Coin's wide-ranging utility positions it as a potential disruptor in the crypto space. 𝐊𝐞𝐲 𝐋𝐢𝐬𝐭𝐢𝐧𝐠 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 Trading Pair: ME/USDT Trading Begins: December 10, 2024, at 9:00 PM Deposits: Open and available now Withdrawals: Accessible from December 12, 2024 Why Consider ME Coin? ME Coin leverages blockchain technology to deliver secure, transparent, and efficient transactions. Its roadmap hints at strong long-term growth potential, making it a compelling choice for forward-thinking investors. Whether you’re drawn to its cutting-edge use cases or its promise of speedy, seamless transactions, ME Coin is worth a closer look. Trading Tips for Success 1. Do Your Homework: Familiarize yourself with ME Coin’s mission, team, and technological foundation. 2. Use Risk Management Strategies: Incorporate stop-loss orders to safeguard your portfolio during periods of high volatility. 3. Stay Informed: Track market trends and price movements closely, as newly listed coins often see dramatic fluctuations. The introduction of ME Coin on Binance offers a golden chance to diversify your portfolio with an emerging asset. As always, remember that investing in cryptocurrencies comes with inherent risks, so ensure thorough research and a sound strategy before diving in. #ME_Coin #CryptoNews🚀🔥V #BinanceListing #NewCryptoOpportunity #InvestSmart

𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐌𝐄 𝐂𝐨𝐢𝐧 𝐃𝐞𝐛𝐮𝐭𝐬 𝐨𝐧 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 - 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐦

Binance, the world's premier cryptocurrency exchange, has officially listed ME Coin, generating significant buzz within the crypto community. Trading for ME Coin will kick off today, December 10, 2024, at 9:00 PM, presenting an exciting opportunity for investors to explore this innovative digital asset.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐌𝐄 𝐂𝐨𝐢𝐧?

ME Coin stands out as a revolutionary cryptocurrency designed to cater to diverse personal and professional applications. From purchasing goods and services to powering gaming ecosystems and other blockchain-driven solutions, ME Coin's wide-ranging utility positions it as a potential disruptor in the crypto space.

𝐊𝐞𝐲 𝐋𝐢𝐬𝐭𝐢𝐧𝐠 𝐃𝐞𝐭𝐚𝐢𝐥𝐬

Trading Pair: ME/USDT

Trading Begins: December 10, 2024, at 9:00 PM

Deposits: Open and available now

Withdrawals: Accessible from December 12, 2024

Why Consider ME Coin?
ME Coin leverages blockchain technology to deliver secure, transparent, and efficient transactions. Its roadmap hints at strong long-term growth potential, making it a compelling choice for forward-thinking investors. Whether you’re drawn to its cutting-edge use cases or its promise of speedy, seamless transactions, ME Coin is worth a closer look.

Trading Tips for Success

1. Do Your Homework: Familiarize yourself with ME Coin’s mission, team, and technological foundation.

2. Use Risk Management Strategies: Incorporate stop-loss orders to safeguard your portfolio during periods of high volatility.

3. Stay Informed: Track market trends and price movements closely, as newly listed coins often see dramatic fluctuations.

The introduction of ME Coin on Binance offers a golden chance to diversify your portfolio with an emerging asset. As always, remember that investing in cryptocurrencies comes with inherent risks, so ensure thorough research and a sound strategy before diving in.

#ME_Coin #CryptoNews🚀🔥V #BinanceListing #NewCryptoOpportunity #InvestSmart
Following the latest #Shiba Inu dump from a significant resistance, analysis shows the next demand zone the asset must hold for a price rebound. The broader crypto market saw substantial downsides in the past 24 hours, catalyzed by Bitcoin’s brief fall to $94,000. Shiba Inu was not excluded from the capitulation, with the asset falling over 10% from its price in the past day. In today’s news on Shiba Inu, a report shows that Shiba Inu’s slump was from a strong resistance area. Crypto Basic reported that the meme coin corrected from a multi-month supply zone around the $0.00003343 price mark, which an analyst showed was its 0.618 Fibonacci extension level. Data from IntoTheBlock shows that the resistance level features 153,110 addresses holding 28 trillion SHIB at an average price of $0.000032. The supply from the price level proved insurmountable for Shiba Inu, spurring an over 10% correction. Shiba Inu Approaching Key Support Level Meanwhile, further analysis has shown the next major support area for Shiba Inu if the downtrend persists. Per data from IntoTheBlock, the price level is at $0.000022, where a large number of addresses hold a substantial amount of Shiba Inu, which is the token’s next local demand zone. The analysis shows that 107,920 wallet addresses bought Shiba Inu between $0.000019 and $0.000024, with the average price converging at $0.000022. Notably, the addresses hold 119.55 trillion SHIB, which could be a strong buffer for further downward momentum. Meanwhile, Shiba Inu trades at $0.00002687 and is still over 22% away from the primary support area. Notably, a sustained trade around the current price level could see the meme coin retest the failed resistance zone at $0.000032. #CryptoNews🚀🔥V
Following the latest #Shiba Inu dump from a significant resistance, analysis shows the next demand zone the asset must hold for a price rebound.
The broader crypto market saw substantial downsides in the past 24 hours, catalyzed by Bitcoin’s brief fall to $94,000. Shiba Inu was not excluded from the capitulation, with the asset falling over 10% from its price in the past day.
In today’s news on Shiba Inu, a report shows that Shiba Inu’s slump was from a strong resistance area. Crypto Basic reported that the meme coin corrected from a multi-month supply zone around the $0.00003343 price mark, which an analyst showed was its 0.618 Fibonacci extension level.
Data from IntoTheBlock shows that the resistance level features 153,110 addresses holding 28 trillion SHIB at an average price of $0.000032. The supply from the price level proved insurmountable for Shiba Inu, spurring an over 10% correction.

Shiba Inu Approaching Key Support Level

Meanwhile, further analysis has shown the next major support area for Shiba Inu if the downtrend persists. Per data from IntoTheBlock, the price level is at $0.000022, where a large number of addresses hold a substantial amount of Shiba Inu, which is the token’s next local demand zone.
The analysis shows that 107,920 wallet addresses bought Shiba Inu between $0.000019 and $0.000024, with the average price converging at $0.000022. Notably, the addresses hold 119.55 trillion SHIB, which could be a strong buffer for further downward momentum.
Meanwhile, Shiba Inu trades at $0.00002687 and is still over 22% away from the primary support area. Notably, a sustained trade around the current price level could see the meme coin retest the failed resistance zone at $0.000032.
#CryptoNews🚀🔥V
The crypto market started the week turbulently, marked by substantial declines across major tokens and escalating liquidations. XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) saw steep losses amid the heightened bearish sentiment and volatility. According to CoinGlass data, long positions bore the brunt of liquidations, totaling $1.57 billion in a 24-hour period and reaching $1.70 billion overall. Additionally, data show that 567,357 traders were liquidated during the same timeframe. #XRP was among the assets that recorded the most significant today. Its value plummeted, dropping 11.3% to an intraday low of $2.06. The token saw a significant 122.97% surge in trading volume, reaching $32.18 billion, but open interest decreased by 21.78%, falling to $3.03 billion. The liquidations data further highlighted bearish pressure, with long positions seeing substantial losses.  Over 24 hours, XRP liquidations totaled $72.85 million, with $56.82 million attributed to longs. Notably, 12-hour liquidations amounted to $58.85 million, dominated by long liquidations of $48.76 million. In the past four hours, liquidations reached $9.04 million, with longs accounting for $6.99 million. Meme tokens Dogecoin and Shiba Inu also experienced sharp losses. Dogecoin’s price fell by 8.7%, while SHIB dropped by 14.4%. Dogecoin’s trading volume surged 108.08% to $21.77 billion, while open interest declined 24.51% to $3.21 billion. Further, long positions dominated liquidations, accounting for $90.15 million out of $100.55 million in 24 hours.  Similarly, Shiba Inu saw a trading volume increase of 132.80% to $925.70 million, but open interest fell sharply by 38.89% to $105.93 million. In the past 24 hours, SHIB’s long liquidations amounted to $12.29 million, indicating sustained bearish momentum. #CryptoNews🚀🔥V
The crypto market started the week turbulently, marked by substantial declines across major tokens and escalating liquidations.
XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) saw steep losses amid the heightened bearish sentiment and volatility. According to CoinGlass data, long positions bore the brunt of liquidations, totaling $1.57 billion in a 24-hour period and reaching $1.70 billion overall. Additionally, data show that 567,357 traders were liquidated during the same timeframe.
#XRP was among the assets that recorded the most significant today. Its value plummeted, dropping 11.3% to an intraday low of $2.06. The token saw a significant 122.97% surge in trading volume, reaching $32.18 billion, but open interest decreased by 21.78%, falling to $3.03 billion. The liquidations data further highlighted bearish pressure, with long positions seeing substantial losses. 
Over 24 hours, XRP liquidations totaled $72.85 million, with $56.82 million attributed to longs. Notably, 12-hour liquidations amounted to $58.85 million, dominated by long liquidations of $48.76 million. In the past four hours, liquidations reached $9.04 million, with longs accounting for $6.99 million.
Meme tokens Dogecoin and Shiba Inu also experienced sharp losses. Dogecoin’s price fell by 8.7%, while SHIB dropped by 14.4%. Dogecoin’s trading volume surged 108.08% to $21.77 billion, while open interest declined 24.51% to $3.21 billion. Further, long positions dominated liquidations, accounting for $90.15 million out of $100.55 million in 24 hours. 
Similarly, Shiba Inu saw a trading volume increase of 132.80% to $925.70 million, but open interest fell sharply by 38.89% to $105.93 million. In the past 24 hours, SHIB’s long liquidations amounted to $12.29 million, indicating sustained bearish momentum.
#CryptoNews🚀🔥V
"XRP Commands the Most Dominant Chart in Crypto, Defying Long-Term Criticism"Market veteran and long-term #XRP critic Peter Brandt has admitted that the XRP weekly chart is currently the “most powerful” chart in all of crypto. Read more on: https://thecryptobasic.com/2024/12/09/long-term-xrp-critic-says-xrp-has-now-most-powerful-chart-in-all-of-crypto/ #CryptoNews🚀🔥V

"XRP Commands the Most Dominant Chart in Crypto, Defying Long-Term Criticism"

Market veteran and long-term #XRP critic Peter Brandt has admitted that the XRP weekly chart is currently the “most powerful” chart in all of crypto.

Read more on: https://thecryptobasic.com/2024/12/09/long-term-xrp-critic-says-xrp-has-now-most-powerful-chart-in-all-of-crypto/
#CryptoNews🚀🔥V
"Dogecoin’s $1 Trillion Market Cap Vision: Price Projection Revealed"The price of #Dogecoin could surge to an unprecedented level if DOGE attains a market capitalization of $1 trillion.  Read more on: https://thecryptobasic.com/2024/12/07/here-is-dogecoin-price-if-its-market-cap-hits-1-trillion/ #CryptoNews🚀🔥V

"Dogecoin’s $1 Trillion Market Cap Vision: Price Projection Revealed"

The price of #Dogecoin could surge to an unprecedented level if DOGE attains a market capitalization of $1 trillion. 

Read more on: https://thecryptobasic.com/2024/12/07/here-is-dogecoin-price-if-its-market-cap-hits-1-trillion/
#CryptoNews🚀🔥V
Worksport (WKSP), a New York-based manufacturer of hybrid energy solutions,  plans to use 10% of its excess operational cash to acquire Bitcoin and #XRP as part of its treasury strategy.   According to a press release, Worksport’s Board of Directors approved $5 million for the acquisition of Bitcoin and XRP. This move underscores the company’s long-standing belief in crypto as a hedge against inflation and a store of value.  Four Components of Worksport Crypto Strategy  Per the press release, the company highlighted four components of its Bitcoin and XRP strategy.  The first strategy involves using 10% of its excess operational cash reserve for XRP and Bitcoin acquisition. With the company’s excess cash reserve standing at around $50 million, a maximum of $5 million will be allocated to its initial investment in Bitcoin and XRP.  Second, Worksport will accept crypto payments, including XRP and Bitcoin, on its e-commerce platform. This move aims to enhance customer experience, expand Worksport’s payment options, and drastically reduce payment processing costs by up to 37%.  Furthermore, Worksport plans to convert the interest earned from its cash savings in money market accounts to Bitcoin and XRP. If the firm implements this, it will gradually increase its exposure to the two cryptocurrencies. Lastly, Worksport proposed using a portion of its future capital fundraising to increase its Bitcoin and XRP holdings. Through this effort, Worksport intends to make both assets a major part of its financial strategy.  #CryptoNews🚀🔥V
Worksport (WKSP), a New York-based manufacturer of hybrid energy solutions,  plans to use 10% of its excess operational cash to acquire Bitcoin and #XRP as part of its treasury strategy.  
According to a press release, Worksport’s Board of Directors approved $5 million for the acquisition of Bitcoin and XRP. This move underscores the company’s long-standing belief in crypto as a hedge against inflation and a store of value. 

Four Components of Worksport Crypto Strategy 

Per the press release, the company highlighted four components of its Bitcoin and XRP strategy. 
The first strategy involves using 10% of its excess operational cash reserve for XRP and Bitcoin acquisition. With the company’s excess cash reserve standing at around $50 million, a maximum of $5 million will be allocated to its initial investment in Bitcoin and XRP. 
Second, Worksport will accept crypto payments, including XRP and Bitcoin, on its e-commerce platform. This move aims to enhance customer experience, expand Worksport’s payment options, and drastically reduce payment processing costs by up to 37%. 
Furthermore, Worksport plans to convert the interest earned from its cash savings in money market accounts to Bitcoin and XRP. If the firm implements this, it will gradually increase its exposure to the two cryptocurrencies.
Lastly, Worksport proposed using a portion of its future capital fundraising to increase its Bitcoin and XRP holdings. Through this effort, Worksport intends to make both assets a major part of its financial strategy. 
#CryptoNews🚀🔥V
#shiba⚡ Inu lead developer Shytoshi Kusama has publicly addressed the growing controversy surrounding the Hawk Tuah (HAWK) meme coin after its disastrous launch. In a series of tweets, Kusama detailed his interactions with the Hawk Tuah team and cleared up confusion regarding his involvement with the project. He explained his reasons for rejecting their proposals and distancing himself from the token’s controversial launch. #CryptoNews🚀🔥V
#shiba⚡ Inu lead developer Shytoshi Kusama has publicly addressed the growing controversy surrounding the Hawk Tuah (HAWK) meme coin after its disastrous launch.
In a series of tweets, Kusama detailed his interactions with the Hawk Tuah team and cleared up confusion regarding his involvement with the project. He explained his reasons for rejecting their proposals and distancing himself from the token’s controversial launch.
#CryptoNews🚀🔥V
𝑬𝒍𝒊𝒕𝒆 𝑪𝒓𝒚𝒑𝒕𝒐 𝑺𝒊𝒈𝒏𝒂𝒍 🔥 Avoid from Trades or try to use low Margin with low Leverage. Because the market is not Stable now a days. Always Remember my 2 Advices. 𝟏) Hold is Gold. 𝟐) No trade is better than loss Trade. If you want more instructions about trading then feel free to Cntact me☺️ #BullorBear #BinanceLaunchpool #Memecoins #CryptoNews🚀🔥V #CryptoNews🚀🔥
𝑬𝒍𝒊𝒕𝒆 𝑪𝒓𝒚𝒑𝒕𝒐 𝑺𝒊𝒈𝒏𝒂𝒍 🔥

Avoid from Trades or try to use low Margin with low Leverage. Because the market is not Stable now a days.
Always Remember my 2 Advices.
𝟏) Hold is Gold.
𝟐) No trade is better than loss Trade.

If you want more instructions about trading then feel free to Cntact me☺️

#BullorBear #BinanceLaunchpool #Memecoins #CryptoNews🚀🔥V #CryptoNews🚀🔥
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Crypto Dawg
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Bullish
Was able to get out of the shorts in time and longed some. Lets see how asia reacts waiting for another bid to be filled $BTC $ETH #BTchalvingdrama #CryptoNews🚀🔥
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Crypto Dawg
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Just bought $ETH 3113 and another at the ob 4h 3062
Along with #ETH(以太坊) i am looking to long all eth based tokens like $ENA $ENS
Hk will approve etf of eth just my forecast please #DYOR* #Metaverse #Cryptosignals
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Bullish
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