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Former U.S. President Donald Trump is preparing to launch his own coin, which is set to take place on Wednesday. While some people speculated that it might be a cryptocurrency, Trump’s project is more of a traditional product than a digital asset.

 
New Coin to Support Presidential Campaign
Donald Trump, who is running for the presidency of the United States again, announced the launch of a new coin to raise funds for his election campaign. The project, titled "Silver Medallion First Edition President Trump," aims to distribute physical silver to Americans who support his political vision and want to see him back in office. Although many of his supporters expected Trump to release a cryptocurrency, this new coin is something entirely different.
 Launch of Limited Edition Coin
Trump announced that the coin will be sold for $100 each through the website RealTrumpCoins.com. The coin will be made of 99.9% pure silver and will only be available in a limited edition. One side of the coin will feature Donald Trump’s likeness, while the other side will display the White House accompanied by the phrase "In God We Trust."
 This coin is expected to be one of several activities that Trump undertakes to secure the necessary funding for his campaign ahead of the upcoming presidential elections in the U.S. The coin comes at a time when Trump is actively seeking new ways to bolster his campaign and ensure he has the resources he needs. He stated that this silver coin is the "ONLY OFFICIAL coin" he has designed and that was minted in the U.S. under his leadership.
 Cryptocurrency Expectations Unfulfilled
In recent months, several meme coins featuring themes related to Donald Trump have appeared in the market, capitalizing on his popularity. However, Trump has distanced himself from these unofficial tokens and emphasized during the introduction of his silver coin that:
"I’ve seen a lot of coins using my beautiful face, but they’re not official. RealTrumpCoin.com is the only place to purchase the official Trump coin."
 At first glance, Trump’s announcement of a new official coin might seem related to cryptocurrency, as many of his fans have been expecting him to introduce a digital asset. For instance, last week, 84% of bettors on the Polymarket platform believed that Trump would come out with his own cryptocurrency. This anticipation was fueled by the launch of the World Liberty Financial project, which was speculated to potentially include an official Trump cryptocurrency.
 World Liberty Financial and the True Purpose of the Coin
The World Liberty Financial project does contain a token called WLFI, but this token lacks the key characteristics of a classic cryptocurrency as many had envisioned. Although WLFI has been presented as a type of digital asset, it is not the classic cryptocurrency that Trump fans hoped for. While speculation continues regarding whether Trump will eventually come up with his own cryptocurrency project, the silver coin remains his current official product and focuses more on traditional investment in precious metals.
Thus, Trump continues to favor physical, tangible assets rather than joining the wave of digital assets that currently dominate the financial world.
Trump's fondness for cryptocurrencies.
Donald Trump also commented on the Fatty token before the presidential campaign. #Fatty caught Trump's attention because one of the characters in the game mimics Donald Trump, and they are also counting on Don's participation in their new video clip. The first episode featured UFC Champion Jiří Procházka and world-famous beauty contest winners. Fatty.io is still in presale, and it is expected to be one of the best launches of this period.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Chainlink (LINK) is under heavy pressure as its price has sharply declined over the past few days, now testing key support zones. Despite major technological milestones — including the launch of the Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE) — the market reaction has been overwhelmingly negative.
Instead of rallying, the token has suffered a deep pullback reflecting a broader market shift: investors are rotating capital from altcoins into Bitcoin, whose dominance has climbed above 60%. The crypto Fear & Greed Index has dropped to 20 points, signaling extreme fear among traders.

Chainlink Faces Technical Sell-Off
On November 4, LINK broke below a crucial support level at $15.26, confirming a downward channel formation and invalidating the short-term bullish structure. This triggered a cascade of stop-loss activations as retail traders rushed to exit their positions.
Technical indicators continue to reflect bearish momentum:

🔹 MACD remains below the zero line — currently at -1.03 versus a signal of -0.90.

🔹 The 4-hour RSI sits at 32.68, confirming oversold conditions, though without signs of a clear reversal yet.
At the time of writing, LINK trades around $14.90, marking a 1.45% drop in 24 hours and a steeper 16.5% weekly decline. Trading activity has surged, with daily volume up 36% to $1.75 billion, indicating rising anxiety among traders.
Daily price range: $13.87–$15.37. The nearest resistance sits at $15.26, followed by a strong barrier near $16.61.


Risk of Deeper Decline
If LINK fails to hold the $14.52 level, another wave of selling could push prices down into the $12–13 range — retesting the lowest levels seen in early 2025.
Analysts warn that a daily close below $15 could confirm an extended bearish phase. Conversely, stabilizing above this threshold might signal the beginning of a technical base and a potential short-term rebound.

Summary
Chainlink remains one of the most technologically advanced projects in the crypto space, yet current market sentiment shows that strong fundamentals alone are not enough. With Bitcoin dominance rising and altcoin sentiment weakening, bulls must act quickly to defend the $12 psychological support, or risk a deeper correction in the coming sessions.



#Chainlink , #LINK , #Altcoin , #CryptoMarket , #CryptoNews

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Solana’s price has come under heavy pressure as sentiment across the crypto market deteriorates sharply. Investors are watching closely to see whether the key $150 support level will hold — or if a deeper decline lies ahead.
Currently, SOL is trading at $157, down nearly 1% on the day and a steep 22% for the week. A string of sell-offs since Monday has erased much of the late-October gains, reinforcing the bearish pressure.

Sharp Decline and Market Panic
The steepest part of the drop came early in the week, when Solana fell from $188 to a low of $147, before finding some temporary support. Bulls are now defending the $150 zone, which represents the last major line of defense before a potential capitulation.
The downturn extends beyond Solana — the total crypto market cap has dropped by $300 billion, as Bitcoin briefly slipped below $100,000. Leading altcoins such as Ethereum and Cardano also plunged, fueling broad-based uncertainty and capital flight.

Technical Outlook for Solana
From a technical perspective, Solana continues to trade within a descending channel that’s been in place since September. After breaking below both its 200-day moving average and the former weekly support at $175, the mid-term trend has turned decisively bearish.
Any recovery attempts are now facing stiff resistance near $175, which will act as a major barrier for traders. If market sentiment fails to improve, prices could revisit $150 or even fall lower.


Possible Scenarios
🔹 Bearish Scenario: A breakdown below $150 could trigger another sell-off and panic among investors.

🔹 Neutral Scenario: Consolidation between $150–$175 as the market stabilizes and traders await new catalysts.

🔹 Bullish Scenario: Holding $150 and reclaiming $175 would signal renewed confidence and attract fresh buying interest.
Whether Solana can remain above its key support will depend not only on technical levels but also on overall market mood. For now, caution remains warranted — the market is balancing between fear and opportunity.


#solana , #sol , #CryptoAnalysis , #cryptotrading , #defi

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The Berachain Foundation has confirmed the successful recovery of all funds lost during the Balancer V2 exploit on November 3, amounting to $12.8 million. This marks a rare case of full restitution following one of the largest decentralized finance (DeFi) hacks of 2025.

Rapid Response and White-Hat Cooperation
In an official post on X, the Berachain Foundation announced that all assets drained from its BEX funds have been returned to its deployment wallet. The recovery was made possible thanks to close collaboration with a white-hat hacker, who assisted in securing and returning the stolen funds.
The foundation also stated it plans to issue a reward for the assistance and has already restored key network operations, including the minting and distribution of the HONEY token.
Following the exploit, Berachain temporarily suspended swaps, deposits, and withdrawals to prevent further losses while investigating the vulnerability. Around 1,000 affected users will receive their funds through a redistribution system linked to their original wallet addresses.
Similarly, StakeWise managed to recover approximately $20 million in stolen assets connected to the same incident.


Inside the Balancer V2 Exploit
The Balancer exploit on November 3 targeted V2 Composable Stable Pools, exploiting a precision bug in the “manageUserBalance” function that allowed attackers to drain a total of $128 million across several blockchains, including Ethereum, Arbitrum, Base, Optimism, Polygon, Sonic, and Berachain.
More than half of the stolen funds were quickly converted into ETH. Balancer immediately entered recovery mode, offering a 20% bounty worth $25.6 million if the attacker returned the assets within 48 hours.
The incident occurred despite nine independent security audits of Balancer’s vault systems, reigniting debates about the limitations of composable DeFi architectures, where small coding errors can have massive ripple effects.

Swift Action Saved Berachain
Berachain, a Layer-1 blockchain built on the Cosmos ecosystem using a proof-of-liquidity consensus model, was compromised through its Balancer fork, BEX. Validators halted the chain within hours, performed an emergency hard fork, and froze the attacker’s assets.
After negotiations with the MEV operator responsible for the exploit, the foundation successfully recovered the full $12.8 million.
Following the incident, the BERA token dropped by 10%, but quickly rebounded after the recovery announcement, signaling renewed investor confidence in the project’s resilience and crisis management.

This event marks one of the few complete recoveries in DeFi history, showcasing effective coordination between developers, validators, and white-hat hackers — a blueprint for crisis response and ecosystem trust rebuilding in decentralized finance.


#BlockchainSecurity , #CryptoSecurity , #Berachain , #CryptoNews , #defi

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U.S.-based Marathon Digital Holdings (MARA), one of the world’s largest Bitcoin mining companies, has transferred 2,348 BTC worth approximately $236 million in the past 12 hours. According to on-chain data from Arkham Intelligence, the funds were moved to four institutional trading platforms — Coinbase Prime, FalconX, Galaxy Digital, and Two Prime.

Major Transfer Follows BlackRock’s $1B Move
The transfer comes shortly after BlackRock shifted over $1 billion in Bitcoin and Ethereum to Coinbase in the past five days. While these transfers don’t necessarily confirm imminent sales, historically, large exchange deposits often indicate liquidation or portfolio rebalancing plans.
Arkham data shows that MARA deposited around $45 million to Coinbase Prime, $60 million to FalconX, and the remainder to Two Prime and Galaxy Digital. All funds originated from wallets associated with the MARA Pool, which handles mining reward payouts.
Together, MARA and BlackRock have moved over $1.2 billion in crypto assets within days, marking one of the largest institutional fund movements of the month.


Possible Motives: ETF Adjustments and Profit-Taking
Analysts suggest that the large transfers likely reflect profit-taking and capital reallocation following strong performance in Bitcoin and Ethereum over recent months. Some market participants speculate that institutions may be adjusting ETF holdings or shifting assets into third-party custodial solutions.
Marathon currently manages approximately $1.68 billion in total assets, making it one of the largest Bitcoin-holding public companies. Meanwhile, some institutional players are reportedly rotating capital into altcoins, particularly Solana, which continues to attract fresh inflows.

Bitcoin Falls Below $104,000 as ETH and SOL Follow
Following these fund movements, the broader crypto market experienced a short-term bearish reversal.

Bitcoin dropped 4.2% in the past 24 hours, slipping below $104,000 for the first time in weeks and currently trading around $102,024. Over the past 30 days, BTC has lost more than 17% after reaching a new all-time high in late October.
Ethereum declined even more sharply, down 7.8% to $3,348, representing a 25% monthly loss.

Solana mirrored the bearish sentiment with a 4% daily drop and a 30% decline over the past month.

Solana ETFs See Inflows While BTC and ETH ETFs Face Outflows
While spot Bitcoin and Ethereum ETFs reported capital outflows of $764 million and $355 million over the past month, Solana-based ETFs recorded $84 million in fresh inflows.
Solana ETFs now hold about $488.8 million in net assets and trade near $153 per token. Analysts note that institutions may be rotating funds toward higher-yielding products like the Solana Bitwise ETF, which currently offers around 7% annual returns.
Despite short-term bearish pressure on Bitcoin and Ethereum, the continued inflows into Solana ETFs highlight a strategic shift among institutional investors — moving from profit-taking on major assets to exploring new yield opportunities within the altcoin market.



#CryptoMarket , #etf , #CryptoNews , #DigitalAssets , #crypto

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U.S. Senator Cynthia Lummis has described the new Clarity Act as the most significant crypto legislation in American history — a long-awaited framework that aims to establish clear, comprehensive rules for cryptocurrencies and stablecoins after years of uncertainty.

Ending the Regulatory Chaos
The Republican senator from Wyoming said her team is working daily to build bipartisan support, emphasizing that this bill could reshape how the U.S. approaches digital assets while strengthening financial stability.
“This is a landmark bill that will finally give the crypto industry a set of clear rules. Instead of regulatory confusion, it will provide a framework that protects investors, encourages innovation, and enables fair competition,” Lummis said.
Unlike the earlier GENIUS Act, the Clarity Act covers all crypto assets, not just stablecoins — making bipartisan cooperation essential to pass every section of the legislation.

Crypto Industry Pushes for Passage Before Year-End
In recent weeks, several high-level meetings have taken place in Washington between lawmakers and leaders of major crypto companies. However, discussions have slowed due to leaked documents on DeFi regulation and frustration among some senators about aggressive lobbying tactics.
Despite these hurdles, Lummis insists the process is on track and hopes for a Senate Banking Committee vote before the end of the year, allowing full Senate debate to begin in early 2026.

A Game Changer for Banks and Exchanges
Under the proposed framework, the SEC and CFTC would act as primary regulators under a new ACT structure, clearly defining which assets qualify as securities and which as commodities — a key issue that has long plagued the U.S. crypto market.
The law would also allow community banks to legally provide digital asset custody and management services, enabling them to compete fairly with crypto exchanges.
Lummis referenced the Custodia Bank case in Wyoming, where the court denied access to the Federal Reserve payment system. She noted, however, that the Fed’s creation of a “narrow master account” for specialized banks signals growing recognition of crypto’s importance in the financial system.

Bitcoin Reserve as a Path to Debt Reduction
On X, Lummis reaffirmed her belief that a Strategic Bitcoin Reserve (SBR) could help the U.S. tackle its $38 trillion national debt.
“I truly believe that a Strategic Bitcoin Reserve is the only way to stabilize our nation’s finances. I applaud the president and his administration for embracing the SBR,” she wrote.
According to her projections, if held for 20 years, such a reserve could reduce U.S. national debt by half, leveraging Bitcoin’s scarcity, durability, and long-term appreciation.
Senator Lummis remains one of the most influential voices shaping America’s crypto policy. If the Clarity Act passes, the United States could position itself as a global leader in transparent, fair, and innovation-friendly digital asset regulation.


#CynthiaLummis , #Cryptolaw , #crypto , #Regulation , #DigitalAssets

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The memecoin market experienced another wild upswing after Elon Musk, CEO of SpaceX, sent DOGE-1 skyrocketing within hours. A single post on his platform X — simply stating “It’s time” — triggered a massive buying wave, pushing the token up by more than 300% from its weekend lows.


Musk’s Post Sparks a Memecoin Frenzy
The post was a direct reply to Dogecoin community member DogeDesigner, who reminded Musk of his 2021 statement:
“SpaceX will put a literal Dogecoin on the literal Moon.”
Shortly after, DOGE-1 — the satellite-linked token tied to SpaceX’s upcoming lunar mission — soared from $0.000282 to $0.0011. Its market capitalization ballooned 367% to over $9 million within 24 hours before settling near $7.2 million.

What Is DOGE-1?
DOGE-1 is a Solana-based meme token connected to SpaceX’s DOGE-1 lunar mission. The satellite, funded by the Dogecoin community, will broadcast ads, logos, and visual content from lunar orbit, streaming live via YouTube and Twitch.
The project aims to fuse cryptocurrency, space exploration, and marketing into one ambitious ecosystem.

Major Whale Activity: Trader “Mitch” Strikes Again
Blockchain tracker Lookonchain revealed that well-known memecoin trader “god.sol,” also known as Mitch, bought 16.27 million DOGE-1 tokens for 100 SOL (≈ $14,800). His holdings are now worth around $18,500.
Mitch is already a legend among traders — having made over $2.8 million from short-term memecoin flips. Responding to the community hype, he posted humorously:
“Why call me a smart trader? Just because I made millions? I’m an idiot, fra fra.”


Dogecoin Struggles While DOGE-1 Shines
While Musk’s satellite-linked token rallied, the original Dogecoin (DOGE) has been under heavy selling pressure.

Data from Santiment shows that wallets holding 10–100 million DOGE sold roughly 1 billion coins in recent days, deepening market weakness.
Dogecoin’s market cap plunged from $55.7 billion to $24.4 billion in just a week — a loss of over $30 billion. The token fell below $0.18, briefly touching $0.1648, though it’s up 0.8% in the past 24 hours.
DOGE remains down 35% over the past month, suggesting that the latest bounce is likely a tactical rebound rather than the start of a lasting uptrend.

Broader Market Consolidation as Bitcoin Strengthens
The DOGE-1 spike arrived amid a red week for crypto:
Ethereum fell 8.2%,Solana dropped 4.9%,while the TRUMP token slid 0.6%.
Meanwhile, Bitcoin’s dominance climbed to a seven-day high of 59.95%, signaling that investors are consolidating into larger-cap assets while waiting for the next wave of volatility from smaller memecoins.


#DOGE , #ElonMusk , #SpaceX , #memecoin , #CryptoMarket

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XRP is facing renewed selling pressure as its price declines even while on-chain activity surges — creating a bearish divergence that has traders closely watching key support levels.
Currently, XRP trades around $2.25, marking a 1.8% drop in 24 hours. Over the past week, it has fluctuated between $2.12 and $2.66, down 13% for the period. The monthly loss has widened to 24%, leaving the token about 38% below its July high of $3.65.
Interestingly, daily trading volume jumped 61.6% to $9.85 billion, signaling increased market participation — but not necessarily from buyers.

Derivatives Data Shows Heightened Nervousness
Derivative market data reveals that open interest has fallen 9.9% to $3.43 billion, while futures trading volume surged 49.4% to $13.93 billion, according to CoinGlass. This combination often suggests that traders are closing existing positions rather than opening new ones.

Network Activity Rises as Price Falls
According to analyst CryptoOnchain, transactions on the XRP Ledger’s integrated DEX surged sharply on November 5, reaching 954,000 in a single day — the highest level in months.
While such spikes in network activity often appear bullish, this time it coincides with declining prices, much like the July surge that preceded a drop from $3.00 levels.
This suggests that the increase may stem from automated trading, arbitrage activity, or token distribution during sell-offs, rather than organic accumulation. Until the price aligns with growing on-chain usage, this trend is best viewed as a warning signal rather than a bullish sign.

Upcoming Catalysts Could Shape XRP’s Direction
Several upcoming events could influence XRP’s short-term trajectory. The most notable is the potential approval of spot XRP ETFs, including Canary Capital’s updated filing, which could automatically activate as early as November 13. Analysts estimate potential inflows of $1–2 billion if approved.
Meanwhile, the ongoing Swell 2025 conference in New York may bring announcements tied to payments, tokenized assets, and institutional partnerships. Institutional players such as Evernorth and Virtu Financial continue to hold significant XRP positions, providing a base for possible recovery.

Technical Outlook
From a technical standpoint, market structure remains weak.
RSI hovers near 36, signaling persistent selling pressure.XRP trades below all major moving averages, while MACD remains negative.Resistance sits between $2.40–$2.50, an area of recent seller activity.The critical support lies near $2.10.


Holding above $2.10 could enable a controlled rebound, particularly if positive ETF news emerges. However, a decisive break below that level could trigger another wave of sell-offs and test lower support zones.


#xrp , #Ripple , #CryptoMarket , #CryptoAnalysis , #Altcoin

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The crypto market continues to bleed, with Bitcoin dropping below $100,000 for the first time since June 2025 — a decline of more than 20% from its all-time high on October 6. Roughly $1 trillion has been wiped from the total crypto market capitalization in just a few weeks.

Despite the panic, analysts say early signs of a potential recovery are beginning to appear.

1. The Federal Reserve eases tightening and injects new liquidity
The U.S. Federal Reserve has signaled a temporary pause in its quantitative tightening (QT) policy.

The Fed’s balance sheet has fallen from nearly $9 trillion to $6.6 trillion, and the central bank has announced that it will reinvest proceeds from maturing bonds instead of continuing to shrink liquidity.
The Fed also printed another $3.4 billion, bringing the total liquidity injection over the past several days to $41.5 billion.

On October 31, it conducted a $29.4 billion injection via its Standing Repo Facility (SRF) to ease funding pressures as bank reserves hovered around $2.8 trillion.
During the QT phase, Bitcoin and most crypto assets suffered from low liquidity. Now, this policy shift could attract fresh capital back to the market and potentially end the crypto bloodbath.


2. China suspends tariffs and boosts global sentiment
In another major move, China suspended its 24% additional tariffs on U.S. goods for one year and cut import duties on select agricultural products by up to 15%.

The announcement followed a mutual agreement with the United States to de-escalate the ongoing trade war, which had been fueling uncertainty across global markets.
Notably, China’s state-owned COFCO resumed soybean purchases from the U.S. for the first time this year — a gesture that could help restore confidence and reduce short-term volatility.
Improved U.S.–China trade relations tend to support risk assets like Bitcoin and equities, and this easing of tensions could become a trigger for market stabilization and the first step toward recovery.

3. Institutional investors keep accumulating Bitcoin
Despite market turmoil, on-chain data shows that large investors and institutions are still buying Bitcoin.

According to analytics firm Checkoncha, billions of dollars worth of BTC continue flowing onto exchanges daily, helping to stabilize the price above the $100,000 mark.
Crypto trading firm Wintermute reported that today’s market structure is healthier than in 2022, though it warned that sustained recovery will require new inflows from ETF products and digital-asset funds.
Wintermute also noted that capital is increasingly rotating into technology and AI-related stocks, while cryptocurrencies have underperformed other sectors in 2025. The firm added that Bitcoin’s traditional four-year halving cycle has largely lost its predictive power, forcing markets to look for new macro catalysts.


Summary
Even amid the downturn, three potential drivers for recovery are emerging:
Monetary easing by the Fed, bringing fresh liquidity to marketsImproved U.S.–China trade relations, supporting global risk appetiteOngoing institutional Bitcoin accumulation, providing a stable floor
The crypto market may be bleeding, but historically, these moments of capitulation have often marked the foundation for the next bull cycle.


#bitcoin , #CryptoMarket , #Fed , #cryptocrash , #CryptoNews

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The U.S. Department of the Treasury has announced new sanctions against eight individuals and two entities linked to a North Korean cryptocurrency network accused of laundering over $3 billion. The illicit funds allegedly financed North Korea’s nuclear and missile programs.
John K. Hurley, the U.S. Under Secretary of the Treasury for Terrorism and Financial Intelligence, stated:
“State-sponsored North Korean hackers are stealing and laundering cryptocurrencies to fund their regime’s nuclear weapons program.”
Washington labeled these operations as a global security threat, vowing to pursue all those involved in financing the regime’s weapons development efforts.


Sanctions Target North Korean Bankers
According to the Office of Foreign Assets Control (OFAC), two North Korean bankers — Jang Kuk-chol and Ho Chong-son — were accused of managing more than $5.3 million in laundered funds through First Credit Bank.
Investigators claim the pair facilitated crypto transfers obtained through hacking operations and IT worker networks using fake identities.
Jang and Ho were sanctioned under Executive Order 13694, which allows the U.S. government to target individuals responsible for cyber activities threatening national security, and under Executive Order 13810, which targets anyone generating revenue for the North Korean government.
Their assets have been frozen and access to the global financial system has been blocked. The U.S. also called on international partners to halt any transactions with them.

Chinese and Russian Entities Also Sanctioned
The Treasury Department extended its measures to include branches operating in China and Russia that allegedly facilitated illicit financial flows for Pyongyang.
For instance, Ho Yong Chol was accused of transferring more than $2.5 million between U.S. dollars and Chinese yuan for the Korea Daesong Bank, while Han Hong Gil coordinated cross-border transfers worth over $630,000.
Other sanctioned individuals include Jong Sung Hyok, the North Korean Foreign Trade Bank representative in Vladivostok, and Choe Chun Pom, a representative of North Korea’s central bank. They reportedly managed transactions and coordinated visits between Pyongyang and Moscow.


Network Laundered $3 Billion Through Crypto
The new action follows previous U.S. sanctions against a UAE-based company accused of laundering millions for North Korean IT workers.
Investigations revealed that North Korean hackers stole more than $3 billion — mostly in cryptocurrencies — over the past three years using sophisticated malware, phishing, and social engineering techniques to infiltrate exchanges and financial systems.
North Korean IT workers reportedly earn hundreds of millions of dollars annually by using fake or stolen identities to secure freelance contracts around the world. Many work on global tech projects, funneling their earnings back to the regime.


Washington Tightens the Grip
With these new sanctions, the United States has intensified economic and diplomatic pressure on Pyongyang, which continues to finance its military ambitions despite international restrictions.
The Treasury Department described the North Korean network as a “complex global system” connecting cybercrime, cryptocurrency, and money laundering, stressing that dismantling it is vital to limiting North Korea’s ability to fund weapons of mass destruction.


#northkorea , #cybercrime , #MoneyLaundering , #crypto , #Regulation

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FTX founder Sam Bankman-Fried (SBF) has filed an appeal with the U.S. Court of Appeals for the Second Circuit in New York, arguing that his trial was “unfair and predetermined.”
According to SBF’s legal team, their client faced bias from prosecutors, the media, and especially the presiding judge from the very beginning. Bankman-Fried was convicted in 2023 on seven criminal counts, including fraud and conspiracy, and sentenced to 25 years in prison — a verdict his attorneys now call a “miscarriage of justice.”


Appeals court challenge
The appeal centers on alleged misconduct by Judge Lewis Kaplan, who presided over the original case. According to the defense, Kaplan “repeatedly tilted the scales in favor of the government and obstructed the defense.”
The filing accuses the judge of pressuring jurors to reach a quick verdict by offering them “free dinner and rides home,” which the defense says compromised the deliberation process.
Lawyers also claim Kaplan mocked and discredited SBF during the trial, openly questioning his honesty. When Bankman-Fried testified that he did not personally control Alameda Research, Kaplan allegedly called his statement a “joke.”
The defense now demands a new trial under a different judge, claiming the courtroom atmosphere made a fair verdict impossible.

FTX “was never insolvent,” defense claims
The appeal also references new filings asserting that FTX was never insolvent and held $136 billion in assets at the time of collapse.

Among them were:

🔹 Anthropic shares worth $14.3 billion

🔹 Robinhood stock worth $7.6 billion

🔹 205,000 BTC valued at $2.3 billion

🔹 112,600 ETH worth roughly $500 million
According to SBF’s lawyers, 98% of creditors have already been repaid up to 120% of their claims, with total recovery expected between 119% and 143%. They insist FTX faced a liquidity crisis, not a true insolvency.
However, the crypto community has rejected these claims, calling them an attempt to “rewrite history” and minimize investor losses.

Key witnesses and pardon speculation
During the original trial, three top FTX executives — Gary Wang, Nishad Singh, and Caroline Ellison, SBF’s ex-girlfriend and head of Alameda — testified against him.

Ellison’s testimony was particularly damaging, describing how she created fake balance sheets at SBF’s direction to hide that $10 billion in customer funds had been misused to cover Alameda’s losses.
The appeal also challenges Judge Kaplan’s decision to block evidence showing FTX’s solvency, while allowing prosecutors to argue that SBF “stole billions.” Defense attorneys maintain he acted in good faith based on FTX legal counsel’s advice.

Redemption or the final chapter?
Reports suggest that SBF’s family has quietly explored the possibility of a presidential pardon from Donald Trump, particularly after Trump recently pardoned Binance founder CZ.

However, the crypto community has been strongly opposed to any such move, seeing SBF’s conviction as a necessary step toward restoring market integrity.
Sam Bankman-Fried now remains in a California prison awaiting the appeals court’s decision. If successful, his case could return for a new trial — potentially reigniting one of the most consequential legal battles in crypto history.


#FTX , #SBF , #CryptoScandal , #TRUMP , #CryptoFraud

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Global asset management giant Franklin Templeton, which oversees more than $1 trillion in assets, has taken a decisive step toward launching its long-awaited spot XRP Exchange-Traded Fund (ETF). The firm recently filed an updated S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), removing the so-called “8(a)” delay clause — a provision that previously allowed the SEC to postpone automatic approval.
By eliminating this clause, Franklin Templeton effectively clears the way for its XRP ETF to become effective automatically once all other conditions are met, potentially paving the way for a launch later this month.
This approach mirrors the strategy previously used by issuers of Bitcoin and Ethereum spot ETFs, who also deleted the 8(a) clause to speed up the final approval process and reach exchanges faster.

A signal of confidence in regulation and market maturity
Analysts interpret this move as a sign of confidence that the regulatory environment surrounding cryptocurrencies — particularly XRP — has stabilized. It suggests that Franklin Templeton expects no further objections from the SEC against XRP-linked products.
For Franklin Templeton, an XRP ETF would mark another milestone in its digital-asset expansion. The firm already offers exposure to Bitcoin and Ethereum, and this new product would reinforce its position as one of the most forward-thinking asset managers embracing blockchain-based investments.

The growing race for the first XRP ETF
Franklin Templeton isn’t alone in its pursuit. Competing firms such as Canary Funds and Bitwise have also updated their S-1 filings in recent weeks.
Canary Funds aims to launch its ETF by mid-November, pending final exchange approval.Bitwise has already revealed its management fees and custody arrangements — typically the last step before a fund’s debut.
The surge in revised filings highlights growing optimism across the asset-management industry that the SEC could approve multiple XRP ETFs simultaneously, much like it did earlier with Bitcoin products.

Possible ripple effect on the crypto market
The approval of an XRP ETF could mark a turning point for institutional adoption of digital assets. It would give investors regulated access to XRP price movements through traditional brokerage accounts — without the need to directly hold the token.
Such a development could attract fresh capital from both retail and institutional investors, boosting liquidity and market confidence in XRP. Previous spot Bitcoin ETFs demonstrated similar potential, pulling in billions of dollars in inflows within weeks of approval — a strong indication of pent-up demand in the sector.

Conclusion
Franklin Templeton’s latest filing shows that the launch of an XRP ETF may be imminent. If the SEC raises no new objections, the first XRP ETF could receive approval before the end of the month, marking another key step in bridging traditional finance with the crypto ecosystem.


#xrp , #FranklinTempleton , #FranklinCryptoETF , #CryptoMarkets , #etf

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Summary:

Donald Trump has once again nominated billionaire Jared Isaacman — founder of Shift4 and commander of two private space missions — to head NASA. The nomination comes months after it was previously withdrawn due to a “review of past associations.” Isaacman now awaits Senate confirmation and has laid out an ambitious plan to overhaul NASA’s budget efficiency and research strategy.

Trump Revives Isaacman’s NASA Nomination After Months of Uncertainty

President Donald Trump announced Tuesday that he is reappointing Jared Isaacman to lead NASA — a position originally offered to him back in December, before Trump’s formal return to the White House.
Isaacman, a tech billionaire and founder of Shift4, has commanded two private spaceflights and is a longtime friend of Elon Musk, whose SpaceX remains deeply intertwined with U.S. space operations. This connection has drawn scrutiny over potential conflicts of interest.
In a statement on Truth Social, Trump wrote:
“Jared’s passion for space, astronaut experience, and dedication to pushing the boundaries of exploration and advancing the new Space economy make him ideally suited to lead NASA into a bold new era.”
Trump had previously withdrawn Isaacman’s nomination in May, citing a “review of past associations.” Reports suggested this referred to Isaacman’s previous political donations to Democrats, though this was never confirmed.

Isaacman Steps Down from Shift4, Awaits Senate Approval

Shortly after the withdrawal, Isaacman informed investors he would step down as CEO of Shift4 to focus on potential NASA leadership. He became executive chairman of the company he founded as a teenager in 1999.
NASA is currently led by Sean Duffy, the Transportation Secretary, who has been serving as acting administrator during the government shutdown. The Senate, however, retains authority to vote on presidential nominations.
Isaacman brings extensive experience in aerospace and defense contracting. In 2012, he co-founded Draken International, which owns one of the world’s largest private fleets of fighter jets used to train U.S. military pilots under multimillion-dollar contracts — a model Isaacman claims saved taxpayers billions.

Isaacman Outlines His Vision for NASA During Senate Hearing

In nearly three hours of testimony before the Senate, Isaacman proposed restructuring NASA into a “mission-first” organization focused on efficiency, accountability, and stronger cooperation with commercial partners.
He expressed support for Artemis II and III but questioned their cost and timeline:
“Why is it taking us so long, and why is it costing us so much to get to the Moon?”
Isaacman called for a data-driven audit of the Space Launch System (SLS) and Orion spacecraft to assess long-term viability.
He also backed extending the International Space Station’s operation through 2030, increasing research via public-private partnerships, and opposed White House proposals to cut NASA’s science budget by 50% and overall spending by 20% starting in 2026.


Tough Questions About Elon Musk Connection

During the hearing, Senator Ed Markey questioned Isaacman about his relationship with Elon Musk. Isaacman said they are “not close friends” and insisted he did not share NASA plans with Musk. He confirmed that his nomination discussion was solely with Trump — though he declined to answer whether Musk was present at that meeting.
While many lawmakers praised Isaacman’s experience in both business and aerospace, others warned of possible conflicts of interest given his deep ties to the commercial space sector.

Conclusion

Jared Isaacman remains one of the most prominent — and polarizing — figures in Trump’s new administration. If confirmed by the Senate, he could usher NASA into a new era focused on efficiency, collaboration with private space companies, and renewed lunar and Mars exploration.



#NASA , #TRUMP , #Musk , #SpaceX , #USPolitics

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Tensions are rising again in the crypto world. Richard Teng, the CEO of Binance, has strongly denied allegations that the world’s largest exchange gained political favors from President Donald Trump in exchange for promoting a stablecoin linked to his family. The controversy centers on a $2 billion investment from Abu Dhabi that allegedly boosted the reputation of USD1, a stablecoin issued by World Liberty Financial, which has ties to Trump’s business network.

Suspicious Deal Between Binance and MGX
It all started when MGX, an Abu Dhabi–owned investment firm, invested $2 billion in Binance — and the transaction was conducted using the USD1 stablecoin. The deal immediately boosted both the token’s trading volume and its credibility. But shortly afterward, President Trump granted a pardon to former Binance CEO Changpeng Zhao (CZ), who had previously pleaded guilty to money laundering charges.
Lawmakers quickly began to question whether Binance had favored the stablecoin in exchange for the pardon. Senator Elizabeth Warren called the deal “a textbook case of corruption” and demanded an investigation into possible ties between the White House, Binance, and USD1.

Richard Teng: “The Decision Was MGX’s, Not Binance’s”
Teng rejected the accusations outright. Speaking to CNBC, he stated that Binance had no influence over MGX’s decision to use USD1 for the investment.
“The use of USD1 in the MGX transaction was entirely their decision. We were not involved,” Teng said.

“Other exchanges listed USD1 before us. As the largest crypto platform, Binance regularly collaborates with projects that show technological promise.”
According to Teng, the conspiracy theories linking Binance to the Trump family are driven by political hysteria, not facts.

Lawmakers Sound the Alarm
Senator Elizabeth Warren and several members of the Senate Banking Committee have urged the Justice Department to review the deal. In her statement, she said:
“First, CZ pleaded guilty to money laundering. Then Binance backed a stablecoin tied to the Trump family. And finally, the pardon came through. You can’t ignore that pattern.”
Neither Binance nor the White House has issued an official response. CZ, who stepped down as CEO in 2023, remains the company’s largest shareholder, according to Teng.

Trump, Stablecoins, and Geopolitics
Suspicions deepened further due to the timing of the deal. According to The New York Times, MGX’s $2 billion USD1 purchase came just two weeks before the U.S. signed a major semiconductor access agreement with the UAE.
The World Liberty Financial project, behind the USD1 stablecoin, is partly funded by DT Marks DEFI LLC, a firm in which Trump family members reportedly hold stakes. However, the company officially denies that Trump or any of his relatives hold managerial or executive roles.

Binance Expresses Gratitude but Denies Any “Deal”
Although Teng denies any wrongdoing, he did acknowledge that the crypto industry is grateful to President Trump for his pro-crypto stance. Trump has repeatedly stated that he wants to make the United States the “global crypto capital of the world”, reversing several enforcement actions introduced under the Biden administration.
Teng concluded:
“We appreciate the government’s openness, but Binance has never sought any special treatment. Our business decisions are purely commercial.”

Summary
The USD1 controversy highlights how closely politics and cryptocurrency have become intertwined. While Binance insists on its independence, the alleged connections to the Trump family and the timing of CZ’s pardon continue to raise questions that are unlikely to disappear anytime soon.


#Binance , #RichardTeng , #CZ , #TRUMP , #CryptoNews

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The price of XRP is nearing one of its most dangerous technical signals in months — the formation of a Death Cross, where the 50-day moving average crosses below the 200-day line. This pattern has historically been associated with prolonged bearish cycles, and with large-scale whale sell-offs intensifying, market pressure is mounting — possibly pushing XRP below the critical $2 threshold.

Technical Setup Points to a Bearish Cycle
XRP is currently trading just under $2.30, as the 50-day and 200-day moving averages approach a bearish crossover.

Historically, this formation signals weakening demand and rising downside risk. The 200-day MA remains flat, indicating market fatigue, while the 50-day line slopes sharply lower — a clear sign of dominant selling pressure.
Repeated failures to reclaim $2.60 further highlight fading buying interest. Should the “Death Cross” be confirmed, it could trigger algorithmic sell-offs and cascading liquidation, amplifying market pessimism.


Indicators Show Strengthening Selling Momentum
Bollinger Bands have widened, reflecting increased volatility, while XRP now trades near the lower band — a sign of sustained selling pressure.

The RSI has dropped to 36, confirming bearish dominance, and the price remains below the 20-day simple moving average, signaling weak short-term momentum.
After breaking below the $2.29 support, XRP now faces the risk of testing the $2.00 psychological level. If bearish pressure continues, analysts warn of a possible decline toward $1.60, a key rebound zone from previous cycles.


Whale Activity Intensifies Selling Pressure
In just five days, whales have sold over 900,000 XRP, indicating a significant outflow from major holders and growing market tension.

Historically, such large-scale sales have preceded deeper corrections, as whales tend to exit before broader downturns.
On-chain data also shows a decline in XRP held by addresses owning 100 million to 1 billion tokens, alongside an increase in exchange balances — suggesting rising supply and weakening confidence.


What Could Reverse the Trend?
For XRP to regain bullish momentum, the asset would need to break through resistance at $2.45 and hold above $2.60, signaling renewed buying pressure.

However, as it stands, the coin is likely to enter a consolidation phase with risk of a drop below $2, unless market volume and sentiment shift dramatically.

Summary
The combination of an impending Death Cross, rising volatility, a weak RSI, and massive whale sell-offs has created the most unfavorable setup for XRP since early 2024.

Unless the market recovers quickly, a fall below $2 appears increasingly likely — with potential downside extending toward the $1.60 support zone.


#xrp , #Ripple , #Altcoin , #CryptoAnalysis , #CryptoMarket

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U.S. official and White House advisor David Sacks, responsible for oversight of cryptocurrency and AI policy, has issued a stark warning: the greatest threat posed by artificial intelligence isn’t machines turning on humans, but its potential to become a tool for mass surveillance and political manipulation.

Orwellian AI: “A Technology That Rewrites Reality”
In Monday’s episode of The Ben & Marc Show (Andreessen Horowitz), Sacks explained that the real danger lies in the political misuse of AI to reshape reality according to those in power.

“We’re not talking about robots attacking us. We’re talking about AI that lies to you, rewrites history, and serves the agenda of those who rule,” he said.
According to Sacks, this could turn AI into a modern version of “Big Brother” — a system that monitors, controls, and shapes public opinion through personalized algorithms.

“AI will know everything about you — your habits, your preferences, your weaknesses. It will become the perfect surveillance tool for governments. That, in my view, is the single greatest risk of AI that people still underestimate,” he warned.

Overregulation Risks Turning AI Into a Political Weapon
Sacks also criticized the Biden administration and Democratic-led states such as California and Colorado for pushing what he called “overprotective” laws. These measures aim to combat algorithmic discrimination but, in Sacks’ view, stifle innovation and politicize AI development.
“The problem isn’t the technology itself — it’s the people who misuse it. We should target those who abuse AI, not the engineers who build it,” he said.

Sacks argued that existing anti-discrimination laws are already sufficient and that additional regulations only slow innovation and expand state control over developers.

Clash with Anthropic: “Spreading Fear to Influence Regulation”
Sacks also targeted AI research firm Anthropic, accusing it of using public fear to shape regulatory policy.

He was responding to the company’s essay “Technological Optimism and Reasonable Fear,” which warned of the risks of unregulated AI. Sacks countered that Anthropic was using this narrative to lobby state governments and strengthen its own position in future AI policymaking.
Billionaire Reid Hoffman, co-founder of LinkedIn, defended Anthropic, calling it “one of the good actors.” But Sacks fired back: “By promoting heavy-handed regulations in states like California, they’re paving the way for politically biased AI.”
Anthropic CEO Dario Amodei rejected Sacks’ claims, saying the company advocates for a federal regulatory framework to avoid a patchwork of conflicting state rules. The firm maintains that its mission is to “develop AI for the public good while ensuring the United States remains globally competitive.”

The Threat of “Big Brother 2.0”
Sacks concluded with a warning that centralizing power over AI could create a system capable of real-time monitoring, censorship, and manipulation of public opinion.

“If we allow politicians and bureaucrats to control AI, we won’t need an Orwellian state — we’ll have built one ourselves,” he said.


#AI , #DavidSacks , #technews , #ArtificialInteligence , #worldnews

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U.S. federal prosecutors are seeking maximum sentences for the founders of Samourai Wallet, who have admitted to running an unlicensed money transmission business and facilitating the laundering of hundreds of millions of dollars in illicit funds.

Samourai Founders Under Fire
Founders William Lonergan Hill and Keonne Rodriguez have pleaded guilty in a case that has become a symbol of the clash between privacy and regulation in crypto. According to U.S. prosecutors, the pair actively promoted their wallet to criminals on the darknet, fully aware that it was being used to conceal illegal transactions.
Documents filed with the Southern District of New York describe how the duo “repeatedly encouraged and invited criminals” to use Samourai Wallet, turning the platform into a “safe haven for money laundering and sanctions evasion.”
Evidence cited by prosecutors includes a 2018 WhatsApp message in which Rodriguez described the wallet’s mixing feature as “money laundering for Bitcoin.” Hill allegedly promoted the Whirlpool service on darknet forums, claiming it could help users “clean dirty BTC” and make their transactions “untraceable.”

Over $6 Million in Fees
Investigators say Samourai Wallet earned more than $6.3 million (roughly 246 BTC) in fees from its mixing services between 2015 and 2024. With Bitcoin’s surge in value, those coins are now worth around $27 million.
Prosecutors allege that these funds were tied to drug trafficking, cyberattacks, child exploitation materials, murder-for-hire schemes, and other illicit activities. Both founders, they claim, knew exactly how their tools were being used by criminals.

Prosecutors Seek Maximum Sentence
Federal prosecutors are urging the court to impose the full five-year sentence for conspiracy to operate an unlicensed money transmission business under 18 USC § 371.

The probation office has recommended a lighter punishment — 42 months in prison each — but the final decision rests with the judge.
Sentencing is scheduled for November 6 for Rodriguez and November 7 for Hill in the Southern District of New York.

How It All Began
U.S. authorities shut down Samourai Wallet in April 2024, accusing it of facilitating unlicensed money transfers and helping criminals launder illicit proceeds through its privacy features.
Rodriguez was arrested in the United States, while Hill was detained in Portugal and later extradited to face trial in the U.S. Both men pleaded guilty in July 2025, setting the stage for this week’s sentencing.
The Samourai Wallet case has become a landmark in the ongoing debate over where privacy ends and criminal conduct begins. The upcoming verdict is expected to shape how U.S. regulators approach developers of privacy wallets and crypto mixers going forward.


#bitcoin , #Cryptolaw , #crypto , #Regulation , #SamouraiWallet

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Tesla has brought in a heavyweight from the luxury automotive world. The company has appointed Sharad Agarwal, former head of Lamborghini India, to lead its Indian division and turn around disappointing sales that have fallen far short of expectations since the July launch.
Agarwal’s mission is to bring luxury market expertise and local leadership — two elements Tesla has so far lacked in one of the world’s fastest-growing car markets.

Tesla Shifts Strategy: Local Leadership Instead of Remote Control from China
Until now, Tesla’s India operations were managed remotely from China, a setup that analysts say failed to adapt to local realities.

Agarwal, taking charge this week, will become the first Tesla executive based directly in India, giving him hands-on authority over pricing, government relations, and strategic partnerships.
His appointment follows the opening of Tesla’s first two showrooms in Mumbai and New Delhi, which failed to generate the expected sales momentum.

The previous country director, Prashanth Menon, resigned in May after dividing his time between India and the U.S., a structure insiders described as “ineffective and disconnected.”

Only 800 Orders: A Wake-Up Call for Tesla
Tesla entered the Indian market with ambitious expectations.

The results, however, have been underwhelming: since July, the company has received just over 800 orders — roughly the number of vehicles it sells globally every four hours.
Key challenges include:
High import duties pushing the Model Y’s price above 6 million rupees (about $67,500)The average price of an EV in India standing at around 2.2 million rupeesEVs accounting for only about 5% of total car sales nationwide
As a result, Tesla has struggled to position itself as a practical choice for Indian buyers, instead being viewed as an exclusive luxury brand for the wealthy.

Agarwal: The Luxury Veteran Who Knows How to Sell Aspirations
Sharad Agarwal brings a decade of experience in leading high-end automotive brands.

During his tenure at Lamborghini India, he successfully:
Made Lamborghini the top-selling super-luxury brand in the countryExpanded operations from a handful of major cities to over 60 locations nationwideGenerated nearly 25% of sales from smaller regional markets
His proven ability to turn niche luxury products into aspirational symbols across diverse markets is exactly what Tesla hopes to replicate.

Tesla Strengthens Marketing and Local Presence
Agarwal’s role is not only about sales but also about rebuilding Tesla’s image in India.

The company plans a significant increase in marketing efforts, including:
Temporary display centers in major shopping districts such as GurgaonProduct showcases aimed at high-income buyersStronger local PR emphasizing technology, innovation, and sustainability
According to insiders, this move represents a strategic reboot designed to position Tesla as a premium innovation brand rather than a foreign outsider.

Tesla’s Indian Gamble: A Risk That Could Pay Off
Agarwal’s appointment comes at a critical time as Elon Musk looks to strengthen Tesla’s presence beyond the U.S. and China.

If he succeeds in improving Tesla’s sales performance in India, it could set an important precedent for the company’s expansion into other emerging markets.
For now, Tesla must rethink its pricing, positioning, and brand perception — and Agarwal may be the one capable of leading that transformation.


#Tesla , #India , #Lamborgini , #ElonMusk , #INNOVATION

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The meme coin market is running out of steam. Shiba Inu (SHIB), once a retail darling, has fallen to its lowest level since January 2024, trading around $0.0000089.

While Bitcoin and Ethereum continue to dominate investor attention, SHIB remains trapped in a nine-month-long downtrend with no clear signs of recovery.

Technical Indicators Confirm Sellers Remain in Control
Charts clearly show that Shiba Inu is trading below all three major moving averages — the 50-day, 100-day, and 200-day lines.

This configuration typically indicates sustained selling pressure.

Since late summer, the 200-day moving average has acted as a ceiling, consistently rejecting any attempts at a rebound.
Meanwhile, the RSI sits around 32, reflecting oversold conditions without any hint of bullish divergence — a sign that momentum remains weak.

SHIB continues to drift within a descending channel, showing a slow, steady decline rather than a panic-driven sell-off, which often precedes a strong rebound.


Key Support Zone: $0.0000075 to $0.0000080
Analysts warn that if SHIB breaks below $0.0000080, it could slide further to $0.0000065, erasing most of last year’s gains.

The $0.0000075–$0.0000080 range previously served as a launchpad for mid-2024’s rally, making it a crucial zone for remaining bulls.
However, the Shiba Inu ecosystem has struggled to produce new catalysts in recent months.

The project’s Layer-2 scaling network, Shibarium, showed early promise but soon stagnated, failing to generate meaningful buying pressure or on-chain growth.

Trading volumes have shrunk, and community interest has faded.

Liquidity Flows to Bitcoin and Ethereum
One of the key headwinds for SHIB is the shift in liquidity toward Bitcoin and Ethereum.

Investors are favoring larger, more stable assets, leaving meme tokens like SHIB with declining volume and weak support.
Short-term rebounds may occur due to speculative buying, but without a significant increase in trading volume or network activity, such moves are likely to be brief.

The meme coin sector as a whole is experiencing its deepest slowdown since mid-2023.

Can SHIB Recover? Only If Market Sentiment Improves
A broader recovery across the crypto market would be necessary for Shiba Inu to regain momentum.

If sentiment turns positive again, SHIB could attempt to reclaim the $0.000010–$0.000011 zone — its nearest resistance area.
For now, however, the trend remains decisively bearish.

Without fresh catalysts or renewed market optimism, SHIB is likely to remain under pressure, continuing its slow descent as investors stay focused elsewhere.


#SHIB , #shibaInu , #memecoin , #CryptoNews , #Shibarium

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The New York mayoral race has turned into a high-stakes political showdown drawing national attention.

At the center of it stands Andrew Cuomo, the former governor aiming to transform the city into a hub for crypto and tech innovation, while his progressive rival Zohran Mamdani continues to rally younger voters and left-wing activists.

Adding fuel to the fire, Donald Trump made a striking remark that shook both parties:
“I’m not a fan of Cuomo, but between a bad Democrat and a communist, I’ll always pick the bad Democrat,” Trump said during 60 Minutes.

Tension Rises as Republicans Warn of a “Radical Left Turn”
Trump isn’t alone in sounding the alarm.

House Speaker Mike Johnson recently cautioned that top Democrats — Chuck Schumer and Hakeem Jeffries — are increasingly worried about Mamdani’s growing influence.

The New York State representative has become a symbol of the new progressive wave, gaining both admiration and criticism for his grassroots rise and far-left economic vision.
Despite Mamdani’s momentum, Cuomo remains the favorite among investors, tech leaders, and pro-crypto voters. His campaign message — a modern New York for the 21st century — continues to resonate with business-oriented residents.


Youth Rally Behind Mamdani, Older Voters Stand With Cuomo
Polling and prediction markets reveal a clear generational divide.

Mamdani leads among younger voters, particularly in Brooklyn and Queens, while Cuomo dominates Manhattan, backed by older and wealthier New Yorkers.
According to Kalshi market data, Mamdani currently holds a 92% chance of victory, though his support base remains uneven.

In New York City, 49% of traders back Cuomo compared to 40% for Mamdani.

Statewide, Cuomo maintains an 11-point lead, while Mamdani’s backing comes mainly from out-of-state traders — 58% favor Mamdani vs. 33% for Cuomo.
Demographics tell the story:
67% of Mamdani’s supporters are aged 18–3451% of Cuomo’s backers fall in that same age groupAmong voters 45 and older, Cuomo holds a commanding advantage
Early voting trends show increased turnout among older voters — the very group most loyal to Cuomo.


Cuomo Bets on Crypto and Tech-Driven Growth
In the final stretch of the campaign, Cuomo has embraced the image of a technocratic reformer.

He pledges to turn New York into a global center for cryptocurrency, artificial intelligence, and fintech innovation, aiming to:
Attract international investmentCreate high-skilled jobsModernize city governance
This strategy seeks to unite Wall Street and Silicon Valley under a shared vision of digital transformation.

Controversy Over Cuomo’s Past Crypto Ties
Earlier this year, Bloomberg reported that Cuomo had served as a paid advisor to crypto exchange OKX, which later settled a $504 million federal case for regulatory violations.

His team insists his role was purely policy consulting, but critics point to potential conflicts of interest.

Supporters say it proves his experience and pragmatic approach, while detractors argue it undermines his credibility and independence.

Conclusion: A Battle of Ideologies — and New York’s Future
The New York mayoral election has become a clash between two visions of the city’s future:
Cuomo, the seasoned statesman advocating innovation, growth, and global competitiveness.Mamdani, the fiery newcomer representing a generation hungry for justice, equality, and change.
With Eric Adams out of the race, Cuomo stands as the only major pro-crypto candidate, but whether that helps or hurts him depends on how voters weigh technology against ideology.
As election day nears, one thing is certain — New York isn’t just choosing its next mayor, it’s choosing what kind of city it wants to become.


#TRUMP , #crypto , #Politics , #blockchain , #AI

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