2024 Election Bets Push Polymarket to $111 Million in June | Cryptos Headlines on Binance Square

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2024 Election Bets Push Polymarket to $111 Million in June
#PolyMarket  #SAB121  #MtGox钱包动态  #SOFR_Spike #US_Job_Market_Slowdown $BTC  $ETH  $BNB 

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Dogecoin Price Flashes Signal From 2021: Will 15,000% History Repeat?

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Dogecoin Price Flashes Signal From 2021: Will 15,000% History Repeat? The recent Dogecoin price action is flashing a familiar signal from 2021, sparking speculation about whether history is poised to repeat itself. Back then, DOGE price experienced a meteoric 15,000% rise, captivating the crypto space. As a similar pattern has emerged, could it herald another substantial surge, driving DOGE to new heights again? DOGE price has decreased 7.4% in the last 24 hours following the stock market crash, which wiped out over $900 billion. The ripple effect reached the crypto markets, which have dropped by 5.2% and now have a $2.433 trillion market cap. The price of Dogecoin is $0.1596. Despite the fall, the Dogecoin price remains bullish. As traders prepare to ride the next wave higher, an analyst has predicted that a similar pattern observed in 2021 could result in a massive DOGE price explosion in this bull run. Dogecoin Price Repeats 2021 Signal, Will 15,000% Rally Follow? Head of Research at NewsBTC Tony Severino shared his observation on the Dogecoin chart, noting that the two-month Logarithmic Moving Average Convergence Divergence (LMACD) had crossed bullish for the first time since 2021. Moreover, Trader Alan observed a golden cross on the weekly chart. He noted that the last golden cross in 2023 pumped Dogecoin from $0.069 to $0.23, a 233% increase. If DOGE repeats the same scenario, it will reach $0.47. From Severino’s observation, a quick mean calculation of the two previous price surges gives a potential increase of 8,628% if history repeats. This puts Dogecoin price around $10, with a potential market cap of $1.466 trillion. Additionally, the average of the two periods it took to surge 4,300% and 12,000% comes down to 213 days. This means that from the time the breakout candle began forming, the 8,600% DOGE rally is likely to take 213 days, ending April 2025. #Doge #Dogecoin #Memecoins #CryptoAMA #NovCryptoOutlook $DOGE $BTC $SOL

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SEC Confirms Grayscale’s Application to Convert Digital Large Cap Fund into ETF Two weeks after Grayscale submitted its application to convert the Grayscale Digital Large Cap Fund (GDLC) into an ETF, the Securities and Exchange Commission (SEC) confirmed the filing. Grayscale now faces a wait of several more months for feedback from the SEC. Grayscale Nears Launch of Multi-Asset Crypto ETF On October 29, the SEC acknowledged the application to convert the Digital Large Cap Fund (GDLC) into an ETF. The GDLC manages assets like Solana and XRP, which the SEC classifies as securities. This confirmation brings Grayscale closer to launching the first multi-asset crypto ETF. According to the SEC, a decision on the application will come within 45 to 90 days. Meanwhile, the US will determine its new president in less than a week. A Trump victory could lead to significant changes, including the potential replacement of SEC Chairman Gary Gensler. Industry experts believe that if Trump wins, altcoin-related ETFs could receive approval more easily. Two weeks ago, when Grayscale filed the application to convert GDLC into an ETF, the fund traded at a significant discount of over 30%. This discount has now narrowed to 17%. The narrowing discount indicates investor optimism about the potential approval of the GDLC ETF. As reported by BeInCrypto, on October 15, Grayscale filed a Form 19b-4 with the SEC, requesting the conversion of the Grayscale Digital Large Cap Fund (GDLC) into a new ETF. The Grayscale Digital Large Cap Fund (GDLC) allows investors to gain exposure to leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX). Bitcoin and Ethereum make up 94% of the fund, which currently manages over $558 million in assets. Additionally, VanEck, 21Shares, and Canary Capital have filed several applications to list other spot ETFs related to assets such as Solana, XRP, and Litecoin. #SEC #Grayscale #BinanceBlockchainWeek #USADPSurges #16thBTCWhitePaperAnniv $BTC $ETH $BNB

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PEPE becomes the first memecoin to be listed on Japan’s BITPoint exchange PEPE has become the first memecoin in Japan after local crypto exchange BITPoint became the first exchange in the country to list the memecoin. The memecoin is available on BITPoint for spot trading, saving, and lending as part of the exchange’s offerings to Japan customers. PEPE memecoin has unlocked a new market in Japan by becoming the first memecoin to be listed on Japanese crypto exchanges. BITPoint, a Tokyo-based crypto exchange, listed the digital asset on October 30th in various derivatives such as spot trading, lending, and fixed investment savings on the exchange. BITPoint initiates giveaway campaigns for PEPE investors The exchange set up two campaigns to make the listing more appealing to investors. The first campaign involves a random giveaway of PEPE coins worth 100,000 yen to ten investors who purchase PEPE worth 10,000 yen or more. The second campaign will include a program for followers of BITPoint X account held until November 27th. PEPE is a memecoin inspired by Pepe the Frog, a comic character and internet sensation designed as a green anthropomorphic frog with human-like features. According to CoinMarketCap, the memecoin is trading at $0.000009521 with a 24-hour trading volume of $700 million. The memecoin’s price has largely remained unchanged in the last 24 hours but has dipped by 5% in the last seven days. PEPE ranks 24th on CoinMarketCap’s list of top cryptocurrencies by market capitalization. The memecoin ecosystem continues to grow The broader memecoin ecosystem has grown significantly since the world’s first memecoin launched in December 2013. The memecoin frenzy has benefited network platforms such as Solana. Most memecoin activity on the Solana blockchain has occurred around Solana’s DeFi protocols. #PEPE #Memecoins #Bitcoin #BinanceBlockchainWeek #BTCBreak71K $PEPE $DOGE $BTC

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XRP Lawsuit: Cofounder of Ripple Talks About Confidential Meetings with Harris’ Team Ripple co-founder Chris Larsen believes that Vice President Kamala Harris could play a pivotal role in correcting what he sees as significant missteps in President Biden’s cryptocurrency policy. In a recent interview with CNBC, Larsen criticized the current state of U.S. crypto regulation, describing it as a misguided “war on crypto.” As part of his support for Harris’s campaign, Larsen made a contribution of $10 million worth of XRP, marking him as a significant player in the crypto space in this election cycle. He expressed enthusiasm for Harris’s economic message, which he sees as pro-innovation and supportive of American leadership in global industries. “We’re really excited by her economic message. It is a message now of pro innovation, and making sure that our American champions dominate their industries around the world,” he said. He said that the Biden campaign wasn’t paying enough attention. He said that there are many meetings happening with individuals who will be part of her administration, not just focused on crypto. “There’s been a lot of meetings with folks who will be in her administration, and not just within the crypto industry. Consistently, what they’ve heard is that the last administration was too anti-business and involved a sort of class warfare. That’s not how it will be in a Harris administration,” he explained. Larsen Criticizes Gary Gensler Larsen also took the opportunity to criticize SEC Chairman Gary Gensler, calling him “the worst public servant in this country.” This statement explains the growing tension between crypto leaders and regulatory bodies. Gensler’s stringent regulatory approach has drawn criticism for prioritizing enforcement over clear guidelines, creating an environment of uncertainty for crypto businesses. #US #SEC #Bitcoin #BinanceBlockchainWeek #BTCBreak71K $BTC $ETH $BNB

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