Shiba Inu (SHIB) experienced a remarkable price surge of over 10% in just two hours, rising from $0.00002523 to $0.00002784, while its burn rate skyrocketed by 49,646%, with 175,311,356 SHIB coins sent to unspendable addresses. Despite this, the weekly burn rate has dropped by 69.49%, indicating a decline in overall activity. SHIB lead developer Shytoshi Kusama has also entered “fudder roast mode,” addressing FUD makers and emphasizing the token’s dominance on the Ethereum chain.
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Bitcoin Reaches 80000 Driven by Institutional Demand Through Spot ETFs
Bitcoin’s rise to $80,000 is fueled by robust institutional demand through spot Bitcoin ETFs, rather than retail investor enthusiasm, according to Cameron Winklevoss. Following the US presidential elections, these ETFs saw approximately $2.3 billion in net inflows, indicating a strong long-term bullish sentiment. The combination of institutional buying and supply constraints from the halving event positions Bitcoin for potential six-figure prices, supported by global monetary easing measures.
read moreWinklevoss Criticizes Warren and Backs Deaton in Senate Race
Tyler Winklevoss criticized Senator Elizabeth Warren’s campaign for dishonesty regarding her stance on cryptocurrency regulation, claiming she is waging an unlawful war against the industry. He endorsed John Deaton, who recently secured the Republican nomination to challenge Warren, emphasizing the need for fair regulations and support for the 50 million Americans who own crypto. Winklevoss and his brother Cameron have financially backed Deaton’s campaign, believing it could be pivotal for the future of crypto regulation in the upcoming elections.
read moreWinklevoss Brothers Support Deaton Criticize Warren’s Anti Crypto Stance
Tyler Winklevoss, co-founder of Gemini, criticized Senator Elizabeth Warren for her anti-crypto stance and urged Massachusetts voters to support pro-XRP lawyer John Deaton in the upcoming Senate election. He accused Warren of dishonesty and waging a war against the crypto industry, which affects 50 million American users. Winklevoss emphasized that Deaton embodies values of hard work and honesty, contrasting with Warren’s approach.
read moreBitcoin Price Volatility Anticipated Ahead of Federal Reserve Meeting
Bitcoin is currently facing volatility, trading around $59,050, down 11% over the past month, as it struggles to break the $62,000 mark. Investors are anticipating a potential 0.50% interest rate cut from the Federal Reserve, which could boost risk markets, including Bitcoin. Professional traders are employing options strategies like ‘risk reversal’ to hedge against price swings, aiming for gains while limiting losses. Despite a 25% chance of the rate cut, concerns over regulatory actions and political support for the crypto industry have dampened investor sentiment.
read moreWinklevoss Brothers Endorse Zcash Amid Upcoming Hybrid Evolution and Price Growth
Zcash, endorsed by Gemini co-founder Tyler Winklevoss, is set for a significant evolution towards a hybrid model combining Proof-of-Work and Proof-of-Stake to enhance sustainability and price growth. With the upcoming halving and the establishment of a Sustainability Fund, Zcash aims to stabilize its supply and improve transaction efficiency, potentially mirroring Ethereum’s post-upgrade success. Currently priced at $41.14, ZEC has seen a 44% weekly increase, suggesting a favorable investment opportunity for long-term growth.
read moreVice President Harris’s Crypto Relations Reset Sparks Skepticism Among Industry Leaders
Gemini co-founder Cameron Winklevoss doubts Vice President Kamala Harris’s intention to mend relations with the crypto industry, citing the Biden administration’s history of targeting the sector. He challenges Harris to take concrete action, suggesting that her recent outreach may be a bluff. Fellow co-founder Tyler Winklevoss echoes the sentiment, urging both political parties to embrace the industry and ensure a fair environment for crypto development.
read moreBiden-Harris Administration Urged to Address Crypto Industry Concerns Before Election
The co-founder of Gemini, Tyler Winklevoss, urges the Biden-Harris Administration to address the damage done to the crypto industry in the past four years before the November election. Winklevoss emphasizes the need for tangible change and a commitment to fair treatment of the industry, calling for both parties to embrace and support crypto to ensure its success in America. He highlights the urgency of the situation, with only 101 days left for the administration to act.
read moreWinklevoss Twins Donate $1 Million in Bitcoin to Senate Campaign
The Winklevoss twins have donated $1 million in Bitcoin to John Deaton for his Senate campaign against Elizabeth Warren. This donation is aimed at supporting Deaton’s bid to unseat Senator Warren.
read moreGemini CEO Advocates for Trump in Response to Biden’s Crypto Policies
Gemini CEO Tyler Winklevoss accuses the Biden Administration of waging war on the cryptocurrency industry, citing alleged pressure on banks to drop crypto clients and the SEC’s outdated approach to regulation. He declares his support for Donald Trump, urging the “crypto army” to send a message to Washington and dismisses any contrary views as misinformed or dishonest.
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