Kamala tokens went to the abyss, but Trump coins are falling too! š
In just 24 hours, Kamala tokens plunged by 99%, fading into crypto oblivion. Trump coins didnāt fare much better: MAGA dropped by 75%, Pepe Trump by 65%, and even the optimistic "47th President of the United States" token crashed by 63%. š
š¶ D.O.G.E. vs Dogecoin: Just a Coincidence? š¤
#ElonMusk insists that the Department Of Government Efficiency (D.O.G.E.) has nothing to do with Dogecoin. "The government isnāt planning to use $DOGE or anything like that," he assured.
Yet, when asked about the name, he admitted: "Government Efficiency Commission sounded boring. The internet suggested D.O.G.E., and honestly, the internet was right."
Funny thing, thoughāwhen the official D.O.G.E. website launched in January, it accidentally displayed the Dogecoin logo for a few hours. Just a glitch⦠or is Musk memeing again? ššš°
As soon as Bitcoinās price surged, #MichaelSaylor went on another shopping spree! 𤪠MicroStrategy just bought 6,911 $BTC for $584M at an average price of $84,529 per BTC.
š¹ Total holdings:506,137 BTC (~$44.3B) š¹ New buy announced: Strategy.com
But the real question is⦠why not buy at $76K-$78K? š¤
š„ Ethereum's On-Chain Activity Hits New LowsĀ š
Ethereumās daily $ETH burn hit an all-time low, with just 53.07 ETH burned on Saturdayāsignaling a major slowdown in network demand. Active addresses, transaction counts, and on-chain volume have all declined, reaching levels not seen since October 2024.Ā š¤·
Impact: Ā āŖļøLower ETH burn = weaker deflationary pressure.Ā āŖļøStandard Chartered slashed its 2025 ETH price target from $10K to $4K, citing Layer 2 networks absorbing value.Ā
Is Ethereum losing momentum, or is this just a phase? š¤
Hong Kong-based payment platform Infini lost nearly $50M USDC on Feb 24. Initially reported as a hack, the project now accuses its own developer of stealing the funds by transferring them from a multi-signature wallet to his personal account. š
Infini also fears he may gamble away the stolen assets. š²šø
Another reminder to always secure admin privileges in crypto projects! š #infini
IntoTheBlock reports that after nearly a year of decline, the balance of Bitcoin held by whales has increased by 62,000 $BTC ($5.3B) in March. š°
This significant accumulation could be a sign of a trend reversal, indicating growing bullish sentiment among large investors. Keep an eye on the market! š
šµ US Crypto Reserve Gets a Boost from Gotbit CEO š
Almost six months ago, #Gotbit CEO #Andryunin was arrested for financial fraud involving cryptocurrencies. He faced up to 25 years in prison, but instead, it was announced that the US authorities would forfeit $23 million worth of his crypto assets. š°
This amount will likely be added to the US crypto reserve, which, as revealed earlier, is only replenished through confiscations, not government purchases.
It seems that now many crypto offenders might have a legal way outācontribute to the "
š¤ Arthur Hayes predicts that quantitative tightening (QT) will likely end by April 1, 2025.
šøCrypto needs new stimulus, such as money printing (#QE ), to fuel growth. šøBitcoin has likely bottomed at $77,000, but the stock market may dip further before the Fed pivots.
Hayes has changed his stance againāthis time, he's bullish! šš„ #QT #ArthurHayes
Donald $TRUMP will address the Digital Asset Summit today (March 20)āmarking the first time a sitting U.S. president speaks at a crypto conference. šŗšøš”