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Donald Trump may be unable to honor some of his pro-crypto campaign pledges if he's elected in November, an expert has warned.

Professor Tonya Evans, who specializes in digital assets, has told Cryptonews that some of the promises made by Trump on the campaign trail are a “literal impossibility.”
The Republican nominee has vowed to sack SEC chair Gary Gensler on his first day in the Oval Office, even though the official process would take months or years to finalize.
Evans recently chaired a panel during a Crypto4Harris virtual town hall, where entrepreneurs from the industry came together to back the Democrats.
During that event, Senate Majority Leader Chuck Schumer declared that Congress has the potential to pass crypto legislation by the end of this year.
While Harris has been facing calls to explain her stance toward digital assets, crypto wasn’t mentioned at all in a 92-page agenda released ahead of the Democratic National Convention.
When asked for her reaction, Evans said:
“I did not expect the Democratic Platform to include a specific policy position after such a short period of time. So, no, I was not disappointed. And Harris has yet to deliver her nomination acceptance speech. Instead, I’m encouraged by reports of high-level discussions happening between Harris, her advisors, and industry stakeholders.”
Joe Biden dramatically dropped out of the race a month ago, and the author believes crypto enthusiasts should be patient as Harris makes the sudden shift to Democratic nominee, as an “immediate 180-degree turn” on policy is unrealistic.
Donald Trump’s recent pro-crypto stance took over three-and-a-half years to develop, following years of open criticism (and harsh taxation). It’s curious that some single-issue crypto voters now demand an instant pivot from Vice President Harris as she transitions to a presidential candidate. Political shifts, especially on complex issues like cryptocurrency, require careful deliberation and time — something Trump had, and Harris deserves as well,” Evans said.
Many American Bitcoin investors face something of a dilemma when they head to the ballot box in under three months’ time. While they want the U.S. to become a leader in crypto policy, some are reluctant to back the Republicans following Trump’s chaotic term in office. Evans warned:
“For crypto enthusiasts who are eager for change but hesitant to vote for Trump, I encourage you to prioritize the long-term health and stability of the crypto ecosystem over short-term political promises, some of which could never be kept. Most notably, the promise to fire Gary Gensler on day one, as a matter of administrative law and procedure, is a literal impossibility.”
The Penn State Dickinson Law School professor added that “it’s vital to support leaders who understand the complexities of digital assets and are committed to fostering an environment of innovation balanced with appropriate regulation.”
$BTC $ETH $BNB
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In terms of seven-day metrics, Floki is a better performing cryptocurrency than Bitcoin ($BTC ) right now.

The top-ten meme coin and soon-to-be trading bot inspired by Elon Musk’s pet Shiba Inu of the same name, Floki ($FLOKI ), is the best performing large-cap doge-themed coin of the last seven days.

In the last 24 hours, $FLOKI sank 3.8%% to trade at $0.0001235.

These intraday losses are heavier than those of its peers: Dogecoin ($DOGE), which shed 1.1%, Shiba Inu ($SHIB) dropped 0.7%, DogWifHat ($WIF) dropped 3% and Bonk ($BONK) lost 3.4%. Pepe ($PEPE ), the biggest non-doge meme coin, lost 3.5%.

However, Floki’s price remains virtually unchanged in the last seven days. The same can’t be said of the above coins, which all dropped by just over 6% this week except $DOGE and $SHIB, which dropped 2% and 1% respectively.

That means in terms of seven-day metrics, Floki is a better performing cryptocurrency than Bitcoin ($BTC ) right now.

The number one digital asset, which often sets the pace for the rest of the market trends, shed 2.8% over the week and currently change hands at $59,441.

FLOKI Price Analysis – New Rallies Ahead?
$FLOKI ’s price chart shows token trading in a narrow margin between its current resistance level of $0.0001 and its support of $0.0002, as shown by the colored lines below.
Since early June, the token has shed 64%, spiraling down from an all-time high of $0.0003449, posted on June 5.

Since the market crash on August 5th, Floki has had difficulty finding the next leg above $0.000125.
A relative strength index (RSI) of 49 and falling indicates Floki will continue its robust performance into the weekend, however, those hoping the price will go back up may have to wait longer.
The likelihood of more conservative fiscal policies by The Fed, coupled with a war and election-heavy news cycle, means that established cryptocurrencies across the board will have a hard time finding new funds.
As Floki Enjoys Uncertain Triumph, Crypto All-Stars Enjoys $605,200 Launch
The fact that Floki is the best-performing doge meme coin purely because it didn’t lose anything over the week gives investors some idea of how the established $40 billion meme coin sector is going.
Those looking for the catalytic gold rushes of the early days of a meme coin project are better served looking into some of the presales that are quietly attracting millions not just for their memes, but for their utility too.
One project pioneering a unified staking protocol for meme coin fans is Crypto All-Stars, represented by the $STARS token.
Crypto-All Stars is a revolutionary staking platform that brings together the most celebrated meme coins in one place.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them on the platform and earn passive income in the form of $STARS with a rewards rate currently set at 2,491%.
The team has allocated 20% of the tokens for its presale. The other 25% is for presale staking, 20% for marketing, 10% CEX/DEX listing, and the rest 25% for the MemeVault Ecosystem.
This new meme coin project has gained so much popularity that its presale has already raised $605,200 since its launch last week.
$BTC $PEPE
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On-again, off-again crypto enthusiast Andrew ‘Top G’ Tate has been having a normal one on Twitter today.
His Friday afternoon kicked off with Tweets that he will ‘crash the Solana network’ and moved on to inviting his followers to send him coins that he would ‘diamond hands’ and ‘never sell’.
He also promised to buy ‘junk’ coins himself – over a million dollars of any random new meme coins that were shilled to him, if he gained enough retweets on @CobraTate. Those ranged from ‘Germany coin’ to a lurid Madonna themed token.
Top G Crypto Burn
While Tate kept his promise to not sell tokens, the day took an interesting turn.

At one point Andrew Tate’s public wallet was gifted approximately $1 – $1.5 million worth of a new meme coin ‘Top G’, by Twitter handle $TOPG (@topgsolanacto). That amounted to 58% of the supply.

The brand new account (prompting some suspicion Andrew Tate is behind Top G token) issued a challenge – to burn his holdings and ‘become the true Top G’.

TOP G coin price chart via Birdeye

It then tagged widely followed crypto influencer @blknoiz06 for help ‘if you don’t know how to burn’.

Andrew Tate Responds
That ‘open letter’ challenge tweet received one million impressions, and the price of $TOPG quickly pumped 700%, worth almost $11 million when Andrew Tate responded and burnt his share of the new meme coin, sending them to the SOL Incinerator.
The Top G crypto price briefly continued to rise with its reduction in circulating supply.
The anonymous sender of the $TOPG tokens tweeted out the Solscan transactions and ‘what’s $20 million to a billionaire’, plus a ChatGPT analysis of the token burn was bullish.
At the time of writing, $TOPG has retraced 80% from its all-time high earlier today and has 9.4k holders with a fully diluted market cap of $8.8 million.

Ikigai was fined for improperly transferring assets and mixing funds, while failing to adequately oversee its business activities and staff.

The US National Futures Association (NFA) imposed a $150,000 fine on crypto fund Ikigai Strategic Partners for misuing a Bitcoin loan, according to a panel decision on Aug. 20.
The fine results directly from the broader financial turmoil that hit the crypto sector after FTX’s dramatic downfall in 2022. This event exposed vulnerabilities within the crypto market. It also prompted regulatory bodies like the NFA to extend their oversight into previously less-regulated areas.
Ikigai Strategic is accused of allowing the Ikigai Opportunities Master Fund Ltd. to improperly move assets. The fund, which it manages, allegedly transferred assets to another entity under fund principal Anthony Robert Emtman and another associate’s control.
Ikigai Accused of Mixing Funds and Inadequate Oversight
The accusation against Ikigai includes allowing the master fund to mix its resources with those from another pool. An unaffiliated entity managed this other pool. The fund was also criticized for failing to adequately oversee its business activities and staff.
The complaint also stated that Ikigai used Bitcoin from its main fund as collateral for a $1.3m loan. The loan was made to another related fund, Ikigai Capital Partners GP LLC. This move complicated their financial management and investor obligations. After the NFA’s findings, Ikigai Strategic Partners and its principal agreed to the fine without admitting to the allegations.
Heavy Losses in FTX Failure
Ikigai has earlier revealed that it invested a large portion of its assets in now-defunct FTX. The fund admitted that it managed to recover very little before the exchange collapsed.
Although Ikigai suffered one of the biggest losses relative to its size due to the FTX failure, it wasn’t the only firm affected. Other major companies, including CoinShares, Multicoin Capital, Amber Group, and Genesis Trading, also acknowledged their financial exposure to FTX, which has since declared bankruptcy.
#MrMoon

Ethereum on-chain metrics mirror past highs, pointing to a local bottom.

Ethereum may be nearing a local bottom, as several popular on-chain indicators suggest that we could be in the ‘late stages’ of the correction that dragged Ethereum below the $3,000 level.
In an August 19th CryptoQuant report, author Burak Kesmeci cited the buy-sell ratio and open interest (OI) as compelling indicators that “Buyers are starting to regain strength in Ether.”
He noted that the taker buy-sell ratio is “positive again,” which calculates the ratio of buyers to sellers of Ether across all major cryptocurrency exchanges.
According to CoinGlass data, while the larger 24-hour period shows a slight edge for short-sellers of Ether, the most recent 12-hour period has turned positive, with 51.21% of positions being long.
Open Interest Mirrors Past Highs
Meanwhile, the total open interest (OI) for Ethereum futures, representing the number of contracts that have yet to be settled, topped $10.69 billion, up approximately 10% since the previous day, Aug. 18.
However, Kesmeci cautioned that for “significant upward movement in price, leveraged players will need to return to the scene.”
Something that would encourage more traders to open bullish positions. With this additional leverage within the market positive price movements would be amplified.
On March 12, when Ethereum reached its year-to-date all-time high of $4,066, OI was $13.67 billion. Likewise, when it retested those levels again in June, at $3,800, OI soared even higher above $15 billion.
“This indicated a market correction was likely, and indeed, the correction occurred,” Kesmeci added.
Etherium ETFs Remain Complacent
Despite the much-anticipated launch of the first US-based spot Ether exchange-traded funds (ETFs) on July 23, the historical debut has yet to bolster Ether’s price.
In fact, the ETFs may have contributed to Ether’s recent decline. Since their launch, the ETFs have seen cumulative net outflows of $434 million, adding significant selling pressure. This has been one of the reasons for Ether’s 13% drop below the key $3,000 level.
Notably, this mirrors Bitcoin’s performance when spot Bitcoin ETFs were introduced. Over the same period, Bitcoin’s price fell by approximately 15% before rebounding to its $69,000 level from launch day. Ether’s price could follow a similar recovery trajectory as markets adjust.
However, the current state of Ether ETFs appears stagnant amid significant outflows, which have swung back negative after a brief positive trend, according to Farside data.

$ETH
#MrMoon

Previous golden crosses on XRP's 5-day chart have eventually led to massive gains.

XRP has jumped by 5% in the past 24 hours, rising to $0.6109 as the crypto market enjoys a 2.5% gain today.
The alt is now up by 6% in a week and by 20% in a fortnight, making it one of the best-performing major tokens of these periods.
And with XRP also sitting on 15% increase in a year, some analysts are pointing to a recent golden cross on its 5-day chart to suggest that even bigger returns are on the horizon.
XRP certainly has been in an undervalued position for too long, and now that rate cuts in September are increasingly likely, it could see a strong end to the year.
Golden Cross in XRP: Analysts Predict 10x to 650x Price Surge Ahead
Posting on X, analyst JD noted that XRP has rallied by anything from 900% to 64,900% after witnessing a golden cross on its 5-day chart.
Such gains have come between 70 and 280 days following each cross, so it’s not clear just how long we may have to wait for XRP to complete the next bull cycle.
#XRP – Golden Cross (both 4day & 5day chart). Last 2 Golden Crosses, XRP 10x – 650x b/w 70-280 days!

Ignore the HYPE from influencers who been REKTin you w/1x gains in 6 years🤦‍♂️🤦LOL! & follow the TA that netted my followers 4x-33x w/in months!
Regardless, JD is highly bullish for XRP, and notes in his chart that he advises taking “calculated profits once multiple oscillators are overbought.”
While technical indicators are never failsafe, several fundamental factors lend themselves to suspecting that XRP will enjoy some sustained growth soon.
The first is that Ripple finally settled with the SEC a couple of weeks ago, with the firm facing a much smaller penalty ($125 million) than what the regulator originally sought ($2 billion).
The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.
This has freed Ripple to resume expanding, with the company announcing a couple of new partnerships since settling, with more likely to follow.
In turn, this will boost usage of XRP Ledger and, by extension, XRP.
Improving market and macroeconomic conditions will also boost the bull case for the coin, with the Fed likely to cut rates next month, and possibly cut rates again before the year is out.
As such, XRP could reach $1 by the close of the year, before climbing towards its ATH – $3.40 – next year.

Looking at its 1-hour chart, it may actually dip a little in the next day or so, before returning to growth.
Its RSI (purple) has just begun falling from 70, suggesting a short-term decline.
Meanwhile, its 30-period average (orange) is now so high above the 200-period average (blue) that it should really come down soon.
Still, the bigger picture looks very good for XRP, and any dip is likely to be brief.

VanEck exec reassures followers Solana ETF application “remains in play.”

VanEck and 21Shares 19b-4 filings for Solana ETF have been removed from the CBOE website which has sparked speculation the application for the products may have been withdrawn.
Despite the filing removal, Matthew Sigel, the head of digital assets research at VanEck, reassured followers on X that the ETF application remains active, adding that, “ours remains in play.”
Some have noticed that the 19b-4 for the VanEck Solana ETF has been removed from the CBOE website.
Remember that Exchanges like Nasdaq & CBOE file rule changes (19b-4) to list new ETFs. Issuers like VanEck are responsible for the prospectus (S-1). Ours remains in play. https://t.co/9rbSHciSdy— matthew sigel, recovering CFA @MrMoon August 19, 2024
The US Securities and Exchange Commission’s (SEC) deadline to either approve or reject the applications is March 2025. 21Shares was unavailable for comment on the status of its Solana ETF filing.
The approval of spot Bitcoin and Ethereum ETFs by the SEC this year has built up hopes that Solana could be next, with many experts remaining pessimistic.