Day: May 30, 2024

Elon Musk denies crypto talks with Donald Trump amid advisor speculations

Musk has denied claims that he discussed crypto with Trump despite ongoing speculation and reports suggesting otherwise.  Elon Musk took to X (formerly Twitter) to deny reports suggesting he talked about crypto with Donald Trump, the leading candidate for the 2024 Republican presidential nomination. “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do,” Musk wrote in a post on X. The Tesla CEO was responding to a Bloomberg report that claimed…

Shiba Inu Elliot Wave Count Falls Into Place, Here’s Where The Bullish Wave 4 Says The Price Is Headed

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Crypto analyst Capt Toblerone recently provided insights into the Shiba Inu (SHIB) future trajectory using the Elliot Wave Theory. This suggested that the meme coin’s recent price correction was simply part of a bigger picture, with the analyst predicting the meme coin will hit a new all-time high (ATH) on its next leg up.  SHIB’s Price Is Headed Towards $0.00022 Capt Toblerone shared a Shiba Inu chart on his X (formerly Twitter) platform, which showed that Shiba Inu will rise to as high as $0.00022000 when Wave 3 of the…

A16z Crypto boss confirms $25m lobbying donation

Web3-focused venture firm A16z Crypto nearly doubled its donation to major blockchain super PAC Fairshake. A16z Crypto founder and managing partner Chris Dixon confirmed his company’s $25 million donation to Fairshake, a super political action committee (PAC) focused on lobbying pro-crypto regulations on Capitol Hill. The financial support will cushion campaign efforts for political candidates dedicated to protecting internet freedom, open-source blockchain development, and cryptography in the U.S., Dixon said at Consensus 2024. The latest donation increased a16z Crypto’s contribution to Fairshake and its affiliated PACs to $47 million, joining…

Everyone at Consensus 24 Is Talking About Biden’s Crypto Flip Flop. Is He for Real?

However, not everyone is in alignment here. For instance, a big name crypto lawyer who works for a red hot DeFi startup, who asked not to be named given the sensitivity of his work, said he doesn’t think Biden’s apparent change of heart is genuine. “He’ll likely revert back to course, if reelected,” he said. Asked whether he felt any weight off his shoulders at all, or whether his job has or will get any easier, under seemingly improving regulatory conditions, he said “absolutely not.” Today is the same as…

This Bitcoin Metric Is “One Of Crypto’s Top Leading Indicators”: Santiment

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The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X, Santiment has discussed about a metric that has historically been one of the top leading indicators in the sector. The metric in question is the total amount of supply held by the Bitcoin investors carrying at least 10 BTC in their wallets. Related Reading At the current exchange…

Sen. Warren Wants to Know How Drug Agencies Are Pursuing Crypto Ties to Fentanyl

U.S. Sen. Elizabeth Warren (D-Mass.) is demanding to know how the Biden administration is doing in throttling the use of cryptocurrencies in the trafficking of fentanyl, according to a letter she and another lawmaker sent to the White House Office of National Drug Control Policy and the Drug Enforcement Administration (DEA). Warren and Sen. Bill Cassidy (R-La.) asked for updates on “actions to crack down on drug traffickers’ exploitation of crypto to grow their business and launder their ill-gotten gains,” the letter said, arguing that “cryptocurrency has played an increasingly…

Ethereum Hovering Above $3,700 As Mega Whales Accumulate: $4,900 Incoming?

At spot rates, Ethereum prices have been edging lower, recently even retesting the immediate support at $3,700. Even though the coin is still hovering around this level, optimism is high that it will spike higher in the coming days. Ethereum Whales Are Now Accumulating Cementing this outlook, one analyst, citing on-chain events, notes that a bullish narrative may be unfolding. Pointing to the sharp increase in Ethereum addresses controlling over 10,000 ETH, the analyst is now convinced that investors are through with their distribution and are not accumulating, expecting more…