The #US elections continue to determine the short-term decline in the crypto world. According to CoinShares' daily report published last week, a net of $2.2 billion entered crypto funds.
In the high investment report for "Short-Bitcoin", it was stated that with the high probability of Trump winning the election at the beginning of the week, investment in the funds increased to serious levels, but with the rise in #kamalaHarris on Friday, a path was taken mainly in sales. Especially in this last section, investment in "short-Bitcoin" funds investing in the collapse of Bitcoin increased, while the funds completed the week with net inflows of 8.9 million.
It was last seen in June The net investment value in crypto funds throughout the year was between $29.2 billion, and the total asset value under management was 102 billion. This level was last seen in June.
While Solana funds made a net investment of 5.7 million, slight outflows were seen in other altcoins.
Ether funds are still far behind Ethereum funds are also far behind Bitcoin funds, which received 2.1 billion in investment, and saw a net inflow of 9.5 million units. While Bitcoin funds have made a net investment of 27 billion since the year, this figure is only $758 million for Ether funds.
The funds that received the most investment of the week were BlackRock's Bitcoin and Ether ETFs. A total of $2.2 billion came to the two ETFs. While Grayscale had 116 million sales exits on a weekly basis, Fidelity's ETFs received $90 million.
#donaldtrump #binance #USElections2024Countdown

#US President Joe Biden thanked Nigerian President Bola Tinubu for dropping the charges against Binance executive Tigran Gambaryan and releasing Gambaryan. Biden also praised the bilateral relations between the two countries' cryptocurrencies and illicit financial relations.
"President Biden conveyed his condolences to President Tinubu for the disaster that occurred in Nigeria and thanked him for the release of Tigran Gambaryan, an American citizen and former US government employee," the White House said in a statement.
Gambaryan was arrested in February along with another Binance executive, Nadeem Anjarwalla, on charges of allegedly engaging in Binance's illegal activities. While the duo were under house arrest, Anjarwalla managed to escape and leave Nigeria. This led to Gambaryan's integration into the system. The executive had spent all his time in prison since then and had very serious health problems.
In the expected week of the trial, all charges against Gambaryan were dropped.
Outgoing US President Joe Biden spoke on the phone with Nigerian President Bola Tinubu and thanked him for the release of Binance executive Tigram Gambaryan. Officially confirmed by the White House Conversation.
#JoeBiden #donaldtrump #BTCBreak71K #BinanceBlockchainWeek

Dogecoin (#DOGE ): The People’s Coin Ready for New Growth
Then we have Dogecoin, also known as DOGE or $DOGE coin. It has consistently held its place in the market thanks to its strong community. Recently, it was underperforming, but now DOGE posted growth of about 1% to 3%, showing a steady increase in interest. Its simplicity and low transaction fees make it a favorite for new crypto users. As a widely accepted peer-to-peer coin, Dogecoin remains relevant in a fast-paced market.
Analysts believe that if the U.S. elections result in accessible crypto regulations, Dogecoin could see a boost. In line with our main topic, forecasts suggest DOGE could rise by 25-30%, opening short-term growth potential. With its strong community and ease of use, Dogecoin aligns well with the projected 10X upside potential for those eyeing quick benefits in a changing market.
Ripple (#XRP ): Global Payment Leader Ready for Growth
Next up is Ripple $XRP . It keeps growing in popularity due to its low-cost, fast transactions, ideal for cross-border payments. Despite facing legal challenges, XRP has seen a steady rise in institutional interest, making it a top contender for global finance. The potential for regulatory clarity in the U.S. after the election could open new doors for Ripple, creating opportunities for value increase and solidifying XRP’s place in the crypto world.
If the election results lead to a positive regulatory environment, some believe XRP’s price could rise by 40-50% or even more, tying into the high-upside potential topic. Ripple’s growing reputation as a reliable payment solution means it could be a key player in a market set for a potential 10X leap if regulatory barriers clear. XRP’s broad use in global payments highlights its potential for holders seeking stability and future growth.
Cardano (#ADA ): Sustainable Blockchain Technology for the Future
Wrapping up today’s selection is Cardano, also known as $ADA . It stands out for its commitment to environmentally friendly technology. ADA recently saw a modest increase of 2.3%, reflecting its steady market interest. Cardano’s approach focuses on reliability, as well as continuous upgrades, making it appealing to those looking for stable and sustainable growth.
Analysts project that, if U.S. election results support green technology, ADA could see up to a 20% price rise in the coming quarter. As a coin that values sustainability, ADA aligns well with the predicted high-upside potential, particularly for long-term holders. In a market that’s increasingly conscious of environmental impact, Cardano offers a solid choice for growth as we approach potential 10X growth across select altcoins.
#US #altcoins