DOGECOIN DROPS OVER 4% AFTER ELON DENIES U.S. GOVERNMENT ADOPTION RUMORS
Dogecoin (DOGE) experienced a decline of over 4% following Elonās clarification that the U.S. government has no plans to adopt the cryptocurrency.
Speaking at a town hall in Green Bay, Wisconsin, Elon addressed speculation linking Dogecoin to the Department of Government Efficiency (D.O.G.E.), stating.
Elon:
āThere are no plans for the government to use Dogecoin or anything, as far as I know.ā
This statement comes after previous excitement within the crypto community, where the D.O.G.E. initiativeās name led to assumptions about potential government integration of Dogecoin.
The clarification has tempered market enthusiasm, contributing to the recent price dip.
Source: @cointelegraph
BRAZILāS CENTRAL BANK REJECTS NATIONAL BITCOIN RESERVE PROPOSAL
Brazilās Central Bank Director, Nilton David, has dismissed a legislative proposal to allocate 5% of the countryās international reserves to Bitcoin, stating such diversification would be inappropriate.
Simultaneously, the National Monetary Council (CMN) has prohibited closed pension funds from investing in cryptocurrencies, citing concerns over volatility and associated risks.
These decisions contrast with earlier support from government officials advocating for a sovereign Bitcoin reserve to enhance economic resilience.
Source: @CryptosR_us
š“ Vanuatu is diving into the crypto ocean with new laws that are tighter than a blockchain's security! The Pacific island nation has passed the Virtual Asset Service Providers Act, giving the Vanuatu Financial Services Commission (VFSC) the power to license and regulate crypto companies.
- With penalties up to $2 million and 30 years in jail, scammers better pack their bags!
- The law covers exchanges, NFT marketplaces, and even lets banks join the crypto party.
- A sandbox for crypto services is also in the mix, opening doors for innovation and financial inclusion.
Vanuatu's crypto wave is set to make a splash! š
Liquity V2 forks are going live!
Liquity V2 officially relaunches later in Q2 - but you donāt have to wait to see it in action.
3 forks built on the V2 codebase are launching this April, each with incentives galore to boot š
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The CDP renaissance starts soon.
Elon Musk just shut down the Dogecoin-DOGE speculation š¶š„
At a packed town hall in Wisconsin šŗšø, he made it clear: his DOGE (Department of Government Efficiency) isn't using the meme coin.
DOGE might share a name with dogecoin, but Musk says itās about cutting waste, not minting crypto. Still, he calls dogecoin "the peopleās crypto."
Meanwhile, DOGE is slashing $1T in spending, saving $100B already.
Is Musk setting the stage for the next crypto-government fusion?
The Nigerian Investments and Securities Act (ISA) 2025, signed into law by President Bola Ahmed Tinubu, officially recognizes cryptocurrencies as an asset class! This landmark decision ends years of uncertainty and lifts the ban on crypto assets. š”š±
The law empowers SEC Nigeria to foster innovation, regulate virtual asset providers, and protect investors, while positioning Nigeria as a hub for global investments.
With strict penalties for Ponzi schemes and more clarity for the crypto market, could this be the start of a new era for Nigeriaās blockchain ecosystem? Share your thoughts!
Exciting insights from Truflation, the real-time data provider for inflation indexes! Theyāve found a correlation between their inflation data and bitcoinās price movements, suggesting that bitcoin rallies shortly after pauses or reversals in disinflation trends. šŗšø
Truflation classifies bitcoin as a risk asset, highlighting that stable inflation periods create a "sweet spot" for bitcoin. They note, "bitcoin appears to be reacting to that early signal, even before CPI data or the Federal Reserve catches up."
This suggests that changes in inflation trends could serve as leading indicators for a bull run in risk asset markets. What do you think about the relationship between inflation and Bitcoin? Let us know! š¬
XRPās Make-or-Break Moment ā Smart Money Positioning?
š $XRP ās price action is looking weak as it battles resistance at $2.10. A failure to hold $2.02 support could trigger liquidations, leading to a deeper pullback. Whales & institutions are watching closelyāwhat are they thinking?
š Bull Case:
If buyers step in and reclaim $2.10+, we could see an aggressive move higher
Key liquidity zones suggest interest above $2.15
š Bear Case:
If support at $2.02 breaks, selling pressure could intensify fast
Market conditions suggest a potential retest of $1.95ā$1.90 if momentum shifts
This is where big investors make movesāeither loading up at key levels or waiting for confirmation. Are you in cash, longing support, or shorting the breakdown?
Iāll keep tracking whale flows and on-chain movements. Drop your thoughts!
#XRP #BSCTradingTips #FTXrepayment #Saylor500KClub
$GUN ās Next Move ā Liquidity Trap Incoming?
š $GUN pumped +146.6%āmassive move, but smart money knows when to exit. Now itās all about the retracement game.
Hereās what Iām watching:
ā ļø Weak buying pressure on the bounce ā no strong reclaim = short confirmation
š Liquidity hunting ā if price taps $0.085ā$0.095, itās the prime trap zone
š Targets for the downside ā eyes on $0.07500, $0.06000, and $0.04500
šØ If we get a failed retest at $0.09500, Iām flipping short. But if we reclaim $0.10? Thatās my signal to step back. Risk management is key.
This is where big players manipulate the marketāwill we see a squeeze before the dump, or is the fade already in progress? Position accordingly.
#BSCTradingTips #GUN #FTXrepayment #NavigatingAlpha2.0