Coinedition
Crypto industry leaders push for clear regulations ahead of the 2024 U.S. election. Kamala Harris gains strong financial backing from Silicon Valley’s tech and crypto donors. SEC leadership changes expected, with both candidates likely to appoint pro-crypto figures.
Dogecoin shows bullish potential if it maintains above $0.168, eyeing resistance levels. Shiba Inu may face selling pressure if it drops below the crucial $0.00001852 support. Both DOGE and SHIB exhibit bullish momentum, indicating a cautious outlook for traders.
BTC-JPY volatility surpasses BTC-USD for the first time since 2022, driven by yen instability. Japanese yen struggles post-election, leading to increased BTC-JPY volatility and investor caution. U.S. election may impact BTC-USD, as markets brace for potential post-election volatility.
Crypto holders in the UK may face increased tax rates. UK capital gains tax on crypto mirrors stock taxation rates. Cryptocurrency holders can’t use ISAs for tax protection.
XRP rebounds with a 27% recovery from a recent low of $1.91, now trading at $2.43. Analyst Michaël van de Poppe emphasizes key support levels and the volatility-driven opportunities for traders. Analyst Ali Martinez sets ambitious targets, predicting a near-term $4.40 price and long-term potential up to $48.
TON Foundation has registered under the ADGM regulatory framework. The Foundation aims to accelerate adoption in the Middle East region. The ADGM framework provides a structured legal foundation for decentralized organizations.
AAVE’s key metrics surpass ATH, but token price remains over 50% below its peak. Strong TVL and staking show AAVE’s role in DeFi liquidity, but price lag persists. Recent price surge fueled by market interest, driven by protocol growth and upgrades.
Hoskinson criticizes the WST project for excluding XRP, which he believes could have boosted liquidity. The WST project’s shift from multichain to Ethereum limited blockchain options and innovation. Hoskinson calls for more transparency and fairness in blockchain selection processes in the future.
Polymarket predicts that the Fed could introduce a 25 bps rate cut next week. The rate cut timed with Christmas bonuses could be the second wind that BTC needs. 342 wallets with over 100 BTC were created when BTC dropped a few days ago.
XRP tests critical support levels, signaling the potential for significant price movement. A break above $3.46 could set XRP on a bullish trajectory, surpassing ATH. Triangle formation at apex forces a key decision that could drive price action.
