News
Shiba Inu dev proposes crypto strategic hub in the US, SHIB pumps 40%
Published
3 days agoon
By
adminShiba Inu has surged following lead developer Shytoshi Kusama’s proposal for a strategic blockchain innovation hub in the U.S.
The announcement coincided with a major price pump for Shiba Inu (SHIB).
Shiba Inu developer shares vision
Kusama unveiled an ambitious proposal to establish a “Silicon Valley for crypto” just days before the U.S. presidential election.
The proposed strategic hub is estimated to cost several billion dollars. This plan aims to position the U.S. as a global leader in blockchain innovation.
Kusama stated:
“Not just for Shib, but as a way to have a Silicon Valley for crypto, I proposed this in hopes that the United States would move forward with embracing innovation and, in doing so, catch up to the rest of the world.”
Shiba Inu pumps 40%
The market responded enthusiastically to the proposal. SHIB’s price reached $0.00002727 — a 40% increase in 24 hours.
The token’s trading range pumped from $0.00001925 to $0.00002768, while weekly gains exceeded 65%.
Despite the impressive surge, SHIB remains 68% below its all-time high of $0.00008616 from October 2021.
The recent surge cannot be directly attributed to Kusama’s proposal. One of the major reasons could be the overall crypto-bullish market conditions.
The Shiba Inu foundation plans to officially present the proposal to the incoming administration, suggesting that funds gathered through their D.O.G.E. initiative could support these innovations.
“This is a chance to let the world know we are still here, our technologies to be adopted, and proof that our innovations will benefit the globe,” Kusama emphasized.
Source link
You may like
Bitcoin May Hit $100,000 Faster Than Expected
Analyst Outlines Massive Price Targets for Dogecoin, Predicts Parabolic Rally for Ethereum-Based Altcoin
Senator to Push the Bill in Trump’s First 100 Days
Coinbase CEO Slams DOJ For Alleged Political Polymarket Probe
The Truth About Bitcoin Price Models: Stock-to-Flow, Power Law, and Beyond
Solana’s Tensor Teases Social Trading App to Rival Pump.fun
Altcoins
Analyst Outlines Massive Price Targets for Dogecoin, Predicts Parabolic Rally for Ethereum-Based Altcoin
Published
2 hours agoon
November 14, 2024By
adminA closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) is poised to spark massive rallies, en route to astronomical fresh all-time high levels.
Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE appears to be trading in a large ascending channel on the weekly chart.
An ascending channel is typically seen as a bullish structure as it suggests that an asset is printing higher highs and higher lows.
According to Martinez, Dogecoin looks to be gearing up for fireworks after respecting the diagonal support of the channel.
“A test of the middle or upper boundary of the channel puts Dogecoin DOGE at $2.40 or $18!”
At time of writing, DOGE is trading for $0.383, suggesting a potential rise of 526% if the coin hits the trader’s first target and about 6,000% if it reaches Martinez’s second target.
Next up, the trader has his radar locked on the native asset of the Ethereum (ETH) scaling solution Optimism (OP). According to Martinez, OP appears to be mirroring a pattern that led to parabolic rallies last year.
“Optimism OP has a history of forming market bottoms with ascending triangles, often followed by rallies to the 1.618 Fibonacci retracement level. Today, we’re seeing a similar setup, pointing to a bullish target of $7.20 for OP – a potential 340% gain.”
At time of writing, OP is worth $1.68.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
FBI
Polymarket CEO probed by FBI after Trump’s triumph
Published
7 hours agoon
November 13, 2024By
adminFederal agents from the FBI seized mobile devices owned by Polymarket Shayne Coplan after users on his Polygon-based correctly predicted Donald Trump’s victory.
The New York Post reported that Federal Bureau of Investigation officers impounded Coplan’s devices during a 6 AM search at his Soho property on Nov. 13. A source with intimate knowledge of the matter reportedly said Polymarket’s CEO was woken by FBI agents but not given reasons for the probe.
Coplan has not made a public statement regarding the incident and has remained relatively inactive on X since his victory lap following the election results.
What the unnamed source described as “grand political theater at its worst” came a week after Republican Donald Trump defeated Democrat Kamala Harris in the presidential electoral polls. Polymarket users traded over $3 billion on who would win. Odds on the platform suggested Trump would emerge on top weeks before the election, raising eyebrows in the U.S.
The FBI’s bust could be an inquiry into Polymarket’s operations, the source told the NYP. If true, executives at companies like Kalshi and Robinhood may be next on the Fed’s list. Kalshi launched its event contract for the presidential race after beating the Commodity Futures Trading Commission in court. Robinhood followed later with its own event market.
Presidential betting contracts were all the rage during this year’s election cycle. Data from these venues were constantly compared against national polls. They sometimes received backlash for supposed wash trading and were accused of being influenced by either party.
Skepticism came to a head when a New York Times article said Polymarket’s contracts were manipulated by a large pro-Trump user. The whale, revealed to be a French national, clarified that his big bets were based on voting patterns and encouraged by skewed national polling data.
Theo4 bagged $79 million across four accounts as Polymarket users accurately predicted a Trump victory. Coplan’s company rose even higher in the mainstream spotlight as a venue for accurate user-driven outcomes for real-world events.
The prominence brought a new wave of scrutiny of Polymarket. As crypto.news reported, the French government threatened to ban Coplan’s site and block users from betting on the French elections.
Source link
Argentina
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
Published
10 hours agoon
November 13, 2024By
adminOne of the biggest roadblocks in converting Latin American investors to concept of crypto, is education about the sector. Cryptocurrencies, which don’t have a physical existence like gold or cash, can be a difficult concept for investors to grasp. “Latin American investors are still very traditional,” she added. “They tell me they only invest in things that they can stand on, or things they can touch. We’re trying to change that mentality… we need to prove to them that these technologies actually work.”
Source link
Bitcoin May Hit $100,000 Faster Than Expected
Analyst Outlines Massive Price Targets for Dogecoin, Predicts Parabolic Rally for Ethereum-Based Altcoin
Senator to Push the Bill in Trump’s First 100 Days
Coinbase CEO Slams DOJ For Alleged Political Polymarket Probe
The Truth About Bitcoin Price Models: Stock-to-Flow, Power Law, and Beyond
Solana’s Tensor Teases Social Trading App to Rival Pump.fun
Polymarket CEO probed by FBI after Trump’s triumph
FBI Raids Polymarket CEO Following Donald Trump’s Victory Prediction
The Trump Pump: A Road To Capture and Failure
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
Crypto giants Arca and BlockTower merge into one crypto management leader
Dogecoin Co-Founder Reveals How To Make DOGE Deflationary
A Vision For Ethereum Final Design
Scaling Bitcoin Practically With Ark Labs
Solana price is falling, but shorting it is risky, crypto analyst says
182267361726451435
Top Crypto News Headlines of The Week
Why Did Trump Change His Mind on Bitcoin?
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Washington financial watchdog warns of scam involving fake crypto ‘professors’
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Trending
- 2 months ago
182267361726451435
- 24/7 Cryptocurrency News3 months ago
Top Crypto News Headlines of The Week
- Donald Trump4 months ago
Why Did Trump Change His Mind on Bitcoin?
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin4 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion4 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Price analysis3 months ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Bitcoin4 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential