Sam Bankman-Fried’s political donation activities were allegedly a family affair, involving his brother, mother, and father. Bankman-Fried, the founder of FTX, reportedly directed over 0 million in political contributions with his family’s help, according to emails reviewed by the Wall Street Journal (WSJ) and reporter Alexander Osipovich. Wall Street Journal Report Uncovers Bankman-Fried Family’s Alleged […]
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Messari Founder Ryan Selkis Accuses Martin Shkreli of Working Covertly to Hurt Trump’s Campaign Through DJT
Ryan Selkis, founder and CEO of Messari, a cryptocurrency market intelligence firm, has called out “Pharma Bro” Martin Shkreli for supposedly acting with federal agencies to hurt Donald Trump’s campaign. Shkreli, allegedly the creator of DJT, disregarded this notion, calling out Selkis for “watching too many movies.” Messari’s Ryan Selkis Accuses Martin Shkreli of Organizing […]
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Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. […]
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Apu Apustaja Memecoin Launches High-Visibility Billboard Campaign in New York City
PRESS RELEASE. Phoenix, USA, June 4th, 2024, Chainwire. Apu Apustaja, the memecoin exciting the entire crypto industry, is also a new sensation in the busy streets of New York City, where flashy billboards advertise the project to passersby and onlookers. The famous frog memecoin appears on 13 billboards set at various stops in Manhattan, including […]
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Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign
In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to […]
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Trump Campaign Now Accepts Crypto Donations via Coinbase
Former U.S. President and presidential candidate Donald Trump’s campaign now accepts cryptocurrency donations through Coinbase Commerce. The new fundraising page enables federally permissible donors to contribute using any cryptocurrency supported by Coinbase Commerce. President Trump has championed reduced regulations and innovation in financial technology, contrasting with Democrats like Joe Biden and Senator Elizabeth Warren, who […]
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PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In?
Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case.
Crypto Whales Buy 720 Billion PEPE Tokens
On-chain analytics platform Lookonchain recently drew the crypto community’s attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move might, however, have been motivated by the fear of missing out (FOMO), as Lookonchain noted that this trader hasn’t always made the smartest investment moves, having lost .1 million so far.
Meanwhile, on-chain data shows another whale who bought over 200 billion PEPE tokens through the trading firm Cumberland. Irrespective of their intention, crypto whales accumulating a crypto token usually paints a bullish outlook for the coin in question. Based on this, crypto investors will usually assume that this is an excellent time to buy the meme coin in expectation of further price surges.
However, this might not be a good time to buy, as data from IntoTheBlock suggests that a price dump may be imminent for PEPE before it makes another move to the upside. The market intelligence platform revealed that 100% of PEPE holders were in profit thanks to the meme coin hitting a new ATH.
Given such development, many of these holders are expected to book profits from their PEPE investment, leading to a wave of sell-offs that could negatively impact the meme coin’s price. Therefore, those looking to invest in PEPE right now may be better off waiting for PEPE to bottom out from this selling pressure before purchasing the meme coin.
Still Has Enough Bullish Momentum To Go
Crypto analyst and trader Rachid Crypto recently highlighted several factors that suggest that PEPE has yet to reach its peak. The analyst noted that the “mega meme cycle” and altcoin season are yet to begin. These are events that could still spark a further rally in the meme coin’s price.
Furthermore, PEPE is yet to be listed on major crypto trading platforms like Coinbase and Robinhood. That means there is still a lot of liquidity that could flow into the meme coin’s ecosystem. PEPE’s price will likely enjoy an upward trend whenever these trading platforms decide to list the meme coin.
Meanwhile, Rachid Crypto also stated that Ethereum will surpass its ATH, meaning that PEPE’s price will benefit from ETH’s run when this happens. PEPE’s price is known to have some correlation with Ethereum’s and will most likely enjoy a significant rally as Ethereum’s price picks up.
At the time of writing, PEPE is trading at around .00001056, down over 5% in the last 24 hours, according to data from CoinMarketCap.
CEO Drops Bombshell: Trump Campaign Eyes Crypto-Friendly Policies
The intersection of cryptocurrency and politics has taken center stage as the potential return to power of former President Donald Trump emerges with a crypto-friendly agenda. The revelation comes from none other than David Bailey, CEO of Bitcoin Magazine, who disclosed his involvement in advising Trump’s campaign to adopt policies favorable to the crypto industry.
Bailey’s Bombshell: Advising Trump For A Pro-Crypto Future
Bailey, a prominent figure in the cryptocurrency community, shocked many when he unveiled his team’s role in guiding Trump’s campaign towards embracing Bitcoin and other digital assets. Bailey revealed that they had proposed a crypto-focused executive order to be signed on Trump’s first day back in office, signaling a significant departure from Trump’s previous skepticism towards cryptocurrencies.
It’s time for Bitcoin to elect the next President of the United States.
— David Bailey
.65m/btc is the floor (@DavidFBailey) May 11, 2024
Trump’s Crypto Evolution: From Skepticism To Embrace
Trump’s shifting stance on cryptocurrencies has been nothing short of remarkable. Once vocal about his disdain for digital assets, Trump now appears open to embracing them, contrasting sharply with President Biden’s purported lack of understanding of the crypto space. This evolution has ignited discussions about the potential impact of a Trump presidency on the crypto industry.
For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1. I will be sharing those details soon. This week Trump took the first step, but…
— David Bailey
.65m/btc is the floor (@DavidFBailey) May 11, 2024
The Divide: Pro-Bitcoin Or Anti-Biden?
Bailey’s announcement has sparked debates within the crypto community, with some viewing it as a strategic move to ensure a more favorable regulatory environment for Bitcoin and cryptocurrencies.
However, others question the motives behind supporting Trump, citing concerns about his controversial tenure as president. Bailey himself clarified that their actions are aimed at defending Bitcoin rather than endorsing Trump personally.
Election Dynamics: Bitcoin As A Deciding Factor?
With the upcoming presidential elections looming, the role of Bitcoin in shaping political landscapes has never been more apparent. Bailey’s call to mobilize and ensure a pro-Bitcoin president raises questions about the growing influence of cryptocurrency in electoral politics.
Will Bitcoin enthusiasts unite to sway the outcome of the elections in favor of a crypto-friendly candidate?
Trump: Second Term And Regulatory Outlook
Geoff Kendrick, head of FX Research and Digital Assets Research at Standard Chartered Bank, weighed in on the potential implications of a Trump second term for the cryptocurrency industry.
Kendrick believes that a Trump presidency would likely result in a more supportive regulatory environment, offering hope to crypto advocates amidst ongoing regulatory uncertainties.
How This Will Impact Crypto Prices
The news of Trump’s potential support for cryptocurrencies has stirred both excitement and caution in the market. While some see it as a promising sign for increased adoption and investment, others remain wary of the potential volatility and uncertainty associated with Trump’s involvement.
The impact on crypto prices will depend on factors like regulatory clarity and broader market sentiment, making it essential for investors to stay informed and adaptable in the face of evolving developments.
Featured image from AP Photo/Jeff Dean, chart from TradingView
Bitcoin Magazine CEO Discloses Links With Trump Campaign: “It’s Time for Bitcoin to Elect the Next President”
David Bailey, CEO of Bitcoin Magazine, has disclosed his nexus with the campaign of former President Donald Trump. Bailey and his team have advised Trump to develop a Bitcoin and crypto-friendly agenda, including signing a crypto-focused executive order on day one. He declared that crypto enthusiasts will not vote for Trump but against Biden’s crypto […]
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Unstoppable Domains x Bitcoin․com Halving Campaign With .Bitcoin Domains
In celebration of the Bitcoin halving event, Unstoppable Domains partners with Bitcoin.com to offer personalized .bitcoin domain names, enhancing user experience with simplified cryptocurrency transactions within the Bitcoin.com Wallet app. Unstoppable Domains, a leading provider of blockchain-based domain names, together with Bitcoin.com, makers of the prominent Bitcoin.com Wallet App and Bitcoin.com News site, are thrilled […]
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