Day: July 27, 2024

Donald Trump’s keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee didn’t act as the whale call some analysts may have predicted, but its impact may yet be felt as word gets out.  The former president laid out his plans to end the war on crypto to thunderous applause as he told the US audience his plans, were he to be re-elected. While the crowd was jazzed, the markets failed to capture the Republican nominee’s supporters’ anticipation. Approximately one hour before Trump was scheduled to take the stage, the…

A few months after the SEC gave the initial green light, the spot Ethereum ETFs officially hit the ground last Tuesday. However, the immediate results have been quite underwhelming, and one can’t help but compare them to the spot Bitcoin ETF launch in January this year. ETH ETFs Vs. BTC ETFs CryptoPotato reported earlier this week that the nine spot Ethereum ETFs had a solid first day, gathering more than $106 million in net flows. As expected, the converted Grayscale fund (ETHE) saw substantial withdrawals of almost $500 million, but…

Pseudonymous on-chain investigator ZachXBT has questioned Irene Zhao, the mastermind behind the SO-COL platform and a crypto X influencer’s accountability, and the steps she plans to take to make amends to those affected by these projects. This comes in response to a detailed statement by Zhao addressing multiple allegations regarding her involvement in several cryptocurrency projects. In the statement, Zhao discussed IreneDAO, a project that according to her started as a fun experiment in January 2022 with minimal expectations. Web3 project failures The project unexpectedly gained traction, with millions in…

TL;DR XRP has seen a substantial price increase in the past month, with analysts predicting further gains if key price levels are surpassed. Factors supporting a potential rise include a favorable RSI, high open interest in derivatives, and possible developments in the Ripple v SEC lawsuit. What’s Next for XRP? Ripple’s XRP is one of the top-performing leading cryptocurrencies, with its price jumping by almost 30% on a monthly scale. It recently spiked to over $0.63 before settling at the current $0.60 (per CoinGecko’s data). Numerous analysts, including the X…

Independent presidential candidate Robert F. Kennedy Jr. praised the role Bitcoin could play in improving the US economy and the American way of life as he spoke to an audience at the Bitcoin2024 event on July 26. He promised to sign a number of executive orders on his first day in office to begin the process. Bitcoinization by executive order Kennedy would sign an order requiring the Justice Department and US Marshalls to transfer the 204,000 Bitcoin held by the United States to the Federal Reserve to be held as…