Former President Donald Trump renewed his promise on Wednesday to “save” Ross Ulbricht, the founder of the notorious Silk Road marketplace, reigniting discussions around crypto, justice and government overreach.
What Happened: Trump took to Truth Social, proclaiming, “I WILL SAVE ROSS ULBRICHT!”—a declaration that has stirred both controversy and hope among crypto advocates.
His case is deeply intertwined with the rise of Silk Road, the online marketplace that helped thrust Bitcoin into public consciousness, while simultaneously associating it with illegal activities.
Why It Matters: This isn’t the first time Trump has expressed support for Ulbricht. Back in May 2024, at the Libertarian National Convention, he promised to commute Ulbricht’s life sentence “on day one” if he returned to office, drawing enthusiastic reactions from the crowd, many of whom held “Free Ross” signs.
In response, Ulbricht tweeted, “Thank you. Thank you. Thank you… After 11 years in prison, it is hard to express how I feel at this moment.”
Libertarians and crypto advocates have long criticized the severity of Ulbricht’s sentence, arguing that it served not just as punishment for running Silk Road, but as a warning against the ideals of decentralized finance.
The crypto community, however, remains divided on Trump’s stance. Some see his vow to pardon Ulbricht as a legitimate push for justice and a stand against government overreach.
Others perceive it as a calculated strategy to win the favor of libertarian and crypto supporters as part of his 2024 presidential campaign.
Also Read: Bitcoin Bulls Should Watch This Crucial Level: 10x Research
Trump’s recent support for Ulbricht aligns with his evolving pro-crypto rhetoric.
During the same Libertarian event, he promised to “keep Elizabeth Warren and her goons away from your Bitcoin,” marking a notable shift from his previous criticisms of cryptocurrencies as risky and fraudulent.
What’s Next: The evolving discourse surrounding Ulbricht, crypto, and the law will undoubtedly be a topic of discussion at Benzinga’s Future of Digital Assets event on Nov. 19, where experts will explore the dynamic intersection of digital finance, policy, and innovation.
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Ross Ulbricht, serving two life sentences for his role in creating the Silk Road marketplace, marked the start of his 12th year in prison.
Donald Trump has once again expressed support for Ross Ulbricht, the imprisoned founder of the Silk Road, an illegal online marketplace.
Trump took to Truth Social to vow that he would “save” Ulbricht.
Trump Vows to Free Ulbricht if Re-elected The former president shared a screenshot of Ulbricht’s recent post marking the start of another year in prison, “Here it is. The start of my 12th year in prison today. I intend to make the most of it and use my time wisely,” Ulbricht said. In his post, Trump responded, “I WILL SAVE ROSS ULBRICHT!”
The 39-year-old, arrested in 2013 on charges of drug trafficking, money laundering, and computer hacking, was the creator of Silk Road. The dark web platform enabled the anonymous sale of illegal drugs such as heroin, cocaine, and LSD using Bitcoin (BTC), processing over $1 billion in transactions before being shut down shortly after his arrest.
In 2015, Ulbricht was sentenced to two life terms plus 40 years without the possibility of parole. Since then, authorities have seized over $1 billion in Bitcoin from Silk Road’s treasury, along with additional amounts confiscated from individuals connected to the marketplace and other criminal activities over the years.
This is not the first time Trump has shown support for the founder. At the Libertarian National Convention in May 2024, he promised to “commute” his life sentence “on day one” of his presidency if re-elected, drawing cheers from the crowd with many waving “Free Ross” signs. Following this declaration, Ulbricht responded on X, saying, “Thank you. Thank you. Thank you… After 11 years in prison, it is hard to express how I feel at this moment.”
Trump’s support for the platform’s founder aligns with his growing pro-crypto stance. In the same speech, he also criticized Senator Warren, vowing to “keep Elizabeth Warren and her goons away from your Bitcoin.”
You may also like: Donald Trump Launches US Quantum Push With Two Executive Orders Is Bitcoin (And Peace) In Trouble as Trump Warns Iran of Fresh Strikes? Trump Says ‘You’re Welcome’ as Oil Is Flowing and Prices Are Dumping Government Overreach Trump’s promise to free Ross Ulbricht has renewed debates about the fairness of his sentence, especially given Silk Road’s pivotal role in popularizing Bitcoin. The platform brought Bitcoin into the mainstream, showcasing its use for decentralized payments but also damaging its reputation by associating it with criminal activity.
Ulbricht’s case continues to divide the crypto community. Many libertarians and crypto advocates argue that his sentence was excessively harsh and represents an attack on decentralized finance and privacy principles. They view his punishment as an example of government overreach aimed at stifling innovation in decentralized technologies.
However, others point to the massive illegal drug trade that occurred on the darknet website and argue that the sentence was appropriate considering the harm caused.
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
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Last updated:
October 8, 2024
Fintech Revolut said Tuesday that it thwarted nearly $13.5m in potentially fraudulent crypto transactions from June through September.
Revolut, having launched its independent crypto exchange in the UK earlier this year, said it is committed to ensure that funds do not exit customers’ accounts.
Crypto hackers stole an estimated $409m in the third quarter of 2024, according to Immunefi. This highlights ongoing risks for both centralized and decentralized platforms, as several prominent exchanges and protocols experienced major breaches.
Fraud Prevention with Biometric Security for Crypto WithdrawalsWhen users initiate a crypto transfer on Revolut, the platform’s algorithms actively monitor transactions in real time. Legitimate transfers are processed quickly, and in 2024, 92% of these transactions have been completed without any additional input. However, the remaining 8% undergo further checks to comply with fraud prevention and anti-money laundering rules.
As a result, fewer than 0.02% of transactions, or 1 in 5,000, lead to account termination after review.
Further, Revolut’s Wealth Protection feature adds optional biometric security for crypto traders. Once enabled, withdrawals require a selfie verification, compared to the original KYC selfie, providing two layers of biometric checks for added security.
“We follow strict financial regulations to create a secure environment for all of our customers’ crypto transactions,” said Emil Urmanshin, Revolut’s Director of Crypto & New Bets.
“This starts from the second they sign up — from monitoring patterns in suspicious activity to identity checks, and using two-factor authentication.”
Revolut Poised to Launch Its Own StablecoinRevolut is reportedly gearing up to introduce its own stablecoin, setting the stage to rival major industry players. This move sees the London-based firm deepening its engagement in the crypto arena, alongside companies like PayPal, Ripple and BitGo.
America is the largest economy in the world, and its GDP is around $29 Trillion. However, despite that, Robert Kiyosaki, the popular Book author and advisor, believes that America is falling. More importantly, he provided exact reasons why it is happening in his recent X post, sharing his concern over the country’s current situation. Additionally, he believes that hard assets like Bitcoin are the solution to solving all the US’s problems.
Why does Robert Kiyosaki Believe That America is Falling? Robert Kiyosaki has been quite vocal about people achieving financial freedom and gaining it regardless of the economy, the US government, or other macroeconomic factors. He has often commented and warned about the functioning of the country and the role of the government, banks, and other traditional entities in this. It is because Kiyosaki believes that these are pushing the country backward per Kiyosaki.
In one such warning, he recently revealed why America is falling in an X post. Robert claimed that this is what will happen thanks to the current leaders, and regarded President Biden and Vice President Kamala as lefties and liars. He stated that he is amazed how all this lying, cheating, and stealing has still kept the country resilient, strong, and undefeatable.
Q: WHY IS AMERICA FAILING?
A: WTF do you expect when lefties
Promote “Defund the Police” and
such absurd ideas as “if you steal less than a hundred dollars….lts not a crime?”
“Lying, cheating, and stealing….are sins against the souls of all human beings.”
With all the…
— Robert Kiyosaki (@theRealKiyosaki) October 6, 2024
With this post, he has questioned the function of the ongoing government. More importantly, he showed concerns over Biden and Harris’s plans, where they talked about “Defunding the police and stealing below hundred dollars as not criminal activities.”
Since the US Presidential election is now just 29 days away, the political pressure is rising in the country, where each candidate is preparing for their best performance. Just recently, Donald Trump presented the Elon Musk Dark MAGA at his Pennsylvania rally, gaining new hype from voters from this collaboration. At the same time, Harris is also working on her public appearances, interviews, and much more.
With this building political tension, Robert Kiyosaki has also often participated with his views on Trump and Harris’s leadership, with the former gaining his support. He ended his post by wishing to welcome great leaders like Washington, Lincoln, Kennedy, and others who led with integrity.
In another post, Robert warned of the Financial crisis in America which is its rising debt. He warned everyone that this debt could push the country back and the people could lose their hard-earned money.
HOW MUCH is a trillion? A trillion seconds was 31,688 years ago. America goes a trillion $ in debt every 100 days. Now do you know why you must buy gold, silver, and Bitcoin?
— Robert Kiyosaki (@theRealKiyosaki) August 22, 2024
Can Bitcoin Save The People? In an interview, Michael Saylor, the CEO and Founder of MicroStrategy, claimed that Bitcoin will become 7% of the world capital by 2045, which is a big deal. More importantly, its price will grow from hundreds of thousands to Millions of dollars. As a result, it will be the most profitable asset for its holders, but these are just predictions for now. Despite that, Bitcoin’s current growth is already impressive, creating a big hype around its future.
At the time of writing, the BTC price has surged to $62K, which is quite high, but it is slowly approaching the ATH at $73K. Moreover, it has a market capitalization of $1.2 Trillion, almost half of the entire crypto market. It makes BTC the top-performing token of the crypto market this year, with 41% in YTD%. This is what attracted Robert Kiyosaki and many others to endorse this cryptocurrency. Its constant growth since its launch in 2009 makes it a desirable investment for thousands of investors.
Robert Kiyosaki has been promoting this crypto for a long and called such hard assets forever-lasting assets, unlike paper money. This is because paper money loses its value comparatively faster. Even third-party entities like banks control their functioning, making them a risky investment. More importantly, many crypto analysts have forecasted that the Bitcoin price will rise to millions in the next few years. If this happens, it could boost users’ portfolios to new levels.
Final Thoughts Robert Kiyosaki has again appeared for a new warning for his followers, but this time, it concerns the whole country. As the US presidential election is near, he has presented his views on Joe Biden and Kamala Harris. As per him, these two are putting the country at risk after allowing lying, cheating, and stealing. Additionally, for years, he has promoted hard assets like Bitcoin and others to build their future and save America. As per Robert, investment in hard assets is a must, as the country is piling up trillions of debt.
The world of cryptocurrency is buzzing with news these days, and many people are closely watching the latest trends. Ripple (XRP) has been a hot topic, especially with talks about a possible ETF approval.
However, some experts warn that just because an ETF might happen, it does not mean it will protect people from losing money. Because of this uncertainty, traders are looking away from Ripple and checking out other promising coins like SEI which is becoming popular as a new opportunity in the market.
As more people get interested in SEI, IntelMarket (INTL) is also making a name for itself by giving traders cool features and tools to help them navigate this exciting landscape. With so many interesting possibilities coming up, investors are eager to see what is next for Ripple (XRP), SEI, and the unique offerings from IntelMarket while searching for the next big chance.
Ripple (XRP) is Facing New Challenges and Uncertain Times Ahead Ripple (XRP) is priced at around $0.5354, and its market value is about $30.33 billion. Recently, its price went up by 1.55%, but many investors are feeling nervous. The excitement around the XRP ETF is real, but some people believe it might not be enough to keep prices steady.
Lately, XRP has been having a tough time. There are 99.99 billion XRP coins in total, and about 56.65 billion are available for trade right now. As the 7th largest cryptocurrency, it has a strong place in the market, but its recent price movements show that things are shaky.
Interestingly, some big holders of XRP are still active, which means there could be some big trades happening. However, the price has not been stable, which worries many people. Investors are keeping a close eye on any news about rules that could affect Ripple (XRP). While some are hoping for a comeback, the future seems uncertain for this well-known cryptocurrency.
SEI is a New Player Stepping Up to Challenge the Big Names SEI is rising quickly after the Ripple (XRP) runs into some bumps in the road. Right now, it costs $0.424, and its market cap is about $1.49 billion. It has increased by 4.73% in a single day and more investors are beginning to have faith in it.
What makes SEI special is its focus on being fast and efficient, which attracts both new and experienced traders. It has a total supply of 10 billion SEI, with 3.52 billion available to trade. This solid foundation makes it a fun option for those looking to invest.
SEI is also making its platform better and easier to use, helping users trade and earn more money. As the market changes, SEI looks ready to challenge older coins like Ripple (XRP). It is an exciting time to see how SEI grows and what it can offer to investors.
IntelMarkets: Your Key to Smart Trading and Maximizing Profits While XRP and SEI are in the spotlight, IntelMarkets (INTL) is changing how people trade in cryptocurrency. This platform works on both Ethereum and Solana, giving traders fantastic options. With a price of about $0.027364, IntelMarket has already raised over $1,070,828, showing that lots of people are interested.
At IntelMarket, traders can use leverage of up to 1000x which means they could earn big returns on their trades. The platform also offers smart tools to help users manage their risks whether they are experts or just starting plus it is easier to spot the best opportunities with many asset pairs available in the rapid crypto market.
The future looks bright for IntelMarket as it continues to grow, and with so much interest right now, now is an excellent time to see what this platform can do for you. Do not miss the chance to be part of the next wave in crypto trading, so just take a look at IntelMarkets today and find out how it can help you trade better.
Discover More About IntelMarket:
Presale: https://intelmarketspresale.com/ Buy Presale: https://buy.intelmarketspresale.com/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
At 443 trillion tokens, Shiba Inu is trading close to a crucial support level that could act as a solid safety net for the current price threshold. This extensive support zone connected to 1,633 addresses activity provides information about possible market movements. The profitability of these active addresses is an intriguing aspect.
We can clearly see the mood of the market by grouping them according to their average cost. This indicator referred to as In the Money or Out of the Money shows whether these addresses are profitable or not. Bullish sentiment may be indicated if a sizable portion of these addresses are profitable, but it may also signal possible selling pressure as holders may take profits.
SHIB/USDT Chart by TradingViewConversely, a large number of losing addresses could indicate bearish sentiment or even a buying opportunity, as these holders may be trying to reduce their acquisition cost by acquiring more SHIB. Shiba Inu is in a promising position technically. SHIB is currently trading at $0.000018. Lately, there has been a spike in volume, suggesting increased market activity.
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Furthermore, the price continues to rise while staying above important indicators like the 50, 100 and 200 EMAs. SHIB is creating a triangle pattern that is symmetrical, which could result in a big breakout. The possible formation of a golden cross, a long-term bullish indicator that happens when the short-term moving average crosses above a long-term moving average, is one of the most encouraging signals.
This may reinforce the likelihood of a significant price rally and a long-term trend reversal. In general, the technical indicators, market sentiment and Shiba Inu's 443 trillion tokens of support position the token for a potential upward surge. SHIB may see a large increase in price soon if the golden cross materializes and the symmetrical triangle breaks to the upside.
Toncoin (TON), the Telegram-native cryptocurrency, has seen its price decrease by 17% within the last 30 days. As a result, TON’s price fell below $5 before a slight bounce.
Despite this decline, the cryptocurrency’s price could be in line to recover some losses. This assertion is due to the change in sentiment of Toncoin short-term holders, which this on-chain analysis reveals.
Toncoin Holders Push for RecoveryWhile TON’s price might have fallen below $5, IntoTheBlock data shows that the token’s Coins Holding Time has increased. Within the last seven days, this metric, which measures the amount of time a cryptocurrency has been held without being sold, is up 142%
Typically, when the holding time decreases, short-term holders have lost confidence in a crypto’s potential. However, since it increased, it indicates that Toncoin short-term holders believe that a rebound could be close.
For that to happen, the token’s Coins Holding Time has to sustain this momentum. If that happens, then Toncoin’s price might not add to its month-long 17% decline.
Read more: What Are Telegram Bot Coins?
Toncoin Coins Holding Time. Source: IntoTheBlockAnother metric supporting this bias is the Large Holder Netflow to Exchange Ratio. This metric basically shows whether large holders of a cryptocurrency are sending more tokens to an exchange.
When the ratio rises, it indicates that these stakeholders are transferring more tokens to exchanges, often signaling an intent to sell. Conversely, a drop in the ratio suggests investors are holding back on selling as they avoid sending tokens to centralized platforms.
Therefore, the decline, as seen below, indicates that Toncoin whales have refrained from liquidating their assets. Should that remain the same, it could have a positive impact on TON’s price.
Toncoin Large Holders Netflow to Exchange Netflow Ratio. Source: IntoTheBlock TON Price Prediction: Rally to $6 BeginsFrom a technical point of view, Toncoin is witnessing a massive rise in the Money Flow Index (MFI). The MFI, as the name implies, refers to the rate at which liquidity is entering a cryptocurrency.
A higher MFI signals increased buying pressure, while a lower MFI points to rising selling pressure, often implying a potential price drop. For TON, with buying pressure currently elevated, this suggests the cryptocurrency could push beyond $5.22.
Leveraging the Fibonacci indicator—which identifies key support and resistance levels—a continued rise in buying pressure might drive Toncoin’s price up to $6.15.
Read more: 6 Best Toncoin (TON) Wallets in 2024
Toncoin Daily Analysis. Source: TradingView However, if Toncoin short-term holders opt to sell some assets, this upward trajectory could be disrupted, potentially causing the price to slide back to $4.46.
Howard Lutnick, the billionaire chief executive of Cantor Fitzgerald, hailed Donald Trump as the best choice for rich America.
He underlined that one of the good sides of a former president is that he took care of the American worker and growth in America, but also him being a crypto advocate and wanting to implement tariffs.
Lutnick Praises Donald Trump’s ‘America First’ for Economic Growth In a recent podcast with Anthony Pompliano, founder and CEO of Professional Capital Management, Howard Lutnick argued that Donald Trump’s “America first” policy helped attain 3% GDP growth and wage increases during his term.
He added that the tariffs protected American jobs, and the economy built up American manufacturing through Trump.
On the opposing side, Lutnick showed his criticisms of Democratic policies. This includes the American Rescue Plan, which he deemed over-incentivizing the economy, causing inflation, and further hurting the middle to the working class. However, the appreciating assets were enjoyed by the rich.
This 2-hour conversation with @howardlutnick is a must listen.
We discuss the US economy, inflation, currency debasement, government spending, tariffs, the Presidential election, and what Howard endured on 9/11.
I spend much of my time thinking about the economy and how to fix… pic.twitter.com/s8pT7d8GXD
— Anthony Pompliano 🌪 (@APompliano) October 28, 2024
To Lutnick, Trump’s approach to protecting American jobs and sustaining wealth-building opportunities makes him the ideal advocate for both economic stability and wealth growth in the US.
Trump’s Tariff Policy Could Boost Jobs and Wealth According to Lutnick, Donald Trump’s tariff policy is the new face of safeguarding American prosperity. America, therefore, must maintain its economic strength. The billionaire said that if the government has to tax its people with a considerable amount, for instance, up to $400 billion, which has been the case when a country levies heavily in terms of taxation on its citizens, then this should be levied against the foreign producers, such as those from China.
He said that before an income tax existed in 19th century, the US could thrive when it relied solely upon tariffs. That had allowed way to the gigantic public investment in infrastructure by politicians and figures like Teddy Roosevelt.
This surplus-generated model was how this nation could build without skinning off its citizens. According to him, this shift away from tariffs after the world wars, left the US open to economic exploitation. That happened because tariffs were dropped in favor of income taxes to fund global rebuilding efforts.
Lutnick believes Trump’s plan brings a return to economic nationalism. It does that by using tariffs to force foreign companies to “pay to play” in the American market. It is also restoring an economic strategy that will directly benefit American manufacturing, jobs, and wealth.
Bitcoin as a Commodity, Not a Currency Unlike a currency that threatens the dollar, Bitcoin is more widely accepted as a commodity in finance.
With him would probably agree the CFTC Chair Rostin Benham who also thinks of Bitcoin as of a commodity. He recently urged Congress to legislate on crypto regulation and election betting.
Lutnick imagines that with more institutional finance acceptance – the acceptance will expand more and more, thus pushing up its value. He also thinks that Trump’s economic policies, like tariffs and the revitalization of manufacturing, align with the ethos of self-sufficiency and financial independence principles. All of this, Bitcoin even furthers by offering a decentralized asset.
Recently, some reports showed that crypto-friendly Donald Trump’s win in the 2024 US presidential election may trigger a Bitcoin price rally to $92K.
The billionaire believes that Trump is open to innovation, and his protection policies for the American worker, combined with Bitcoin being a non-governmental commodity, can potentially raise prosperity throughout the US.
In a landmark development, Bitcoin (CRYPTO: BTC) mining operations are set to heat one of the coldest regions on Earth.
What happened: Sazmining, a Bitcoin mining firm that connects individual retail miners with renewable energy-powered facilities, said in a press release that the new site would come up in Norway, just above the Arctic Circle.
The mining site would be hydro-powered, and the heat generated from the process would be repurposed to warm up buildings, replacing oil-fired boilers with high carbon footprints.
Additionally, the excess heat would be supplied to local industries, such as the drying of cod fish, helping the residents save on energy costs.
"We’re proving that Bitcoin mining can deliver true value for value. By integrating nearly 100% carbon-free energy and repurposing mining heat for local industries, we’re creating a win-win for everyone," Sazmining CEO Kent Halliburton said.
See Also: Satoshi Nakamoto Identity Prediction Market Appears More Volatile Than Bitcoin
Why It Matters: Bitcoin mining sites are large data centers that run on massive amounts of electricity, helping to keep the network secure and pushing more Bitcoins into circulation.
Heat is one of the biggest by-products of the process. As such, repurposing this excess heat could be a lucrative business opportunity, especially in areas with extremely cold climates.
Bitcoin mining also plays an important role in Texas, the Bitcoin mining hub of the U.S.
Minere here help in stabilizing the state's power grid by powering up their operations when there is an excess capacity of electricity while drastically lowering the when the state requires more usage during extreme weather conditions.
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In the past several months, the Solana memecoins market has gone through massive growth, and investors are eager to get more of the latest SOL meme token. However, one analyst has a word of caution for those investors seeking these high-risk opportunities, telling them to brace for a fall.
While the hype is undeniable, not all experts are convinced of its sustainability. But amidst this looming storm, one emerging prospect, RCO Finance (RCOF), is positioning itself as a more stable alternative for those aware of the incoming wave of volatility.
‘The Solana Memecoins Bubble Could Burst Soon’ As excitement builds in the Solana ecosystem, many wonder if Solana memecoins are preparing for another bubble burst. Analysts suggest that current market sentiment doesn’t favor a bull run for these memecoins; instead, a market downturn may be on the horizon that could affect these assets.
The SOL ecosystem has recently been trading at the center of synching up many bearish pressures, which has seen it range sideways and fail to clear the key $180 mark. This stagnation has affected perceptions of the ecosystem, damping the market capitalization of Solana memecoins by 4% in the last 24 hours.
The decline in memecoin enthusiasm impacts Solana memecoins as investors focus on more utility-driven tokens. The rise of innovative-based assets like RCO Finance, which seeks to transform the DeFi landscape, has also attracted memecoin investors, further reducing the appeal of traditional memecoins.
RCO Finance (RCOF): The Under $1 Solana Killer? As skepticism grows, the Solana memecoins community faces a tough choice: continue pursuing risky memecoins or seek projects with real-world use cases. RCO Finance isn’t just another hedging alternative; it’s an innovative asset aiming to bridge TradFi and DeFi ecosystems with the help of crypto AI.
As a fully AI/ML-based platform, RCO Finance provides users with an advanced AI-powered robo-advisor that personalizes investment strategies based on individual user profiles. This tool analyzes various factors, such as financial goals and risk tolerances, to create tailored portfolios that adapt to real-time market conditions.
The robo advisor continuously monitors market trends and makes adjustments, allowing users to access profitable opportunities without needing constant oversight. This level of automation significantly improves trading by removing any emotional and human errors that normally affect trading outcomes.
RCO Finance stands out by providing access to over 120,000 assets across 12,500 asset classes, including cryptocurrencies and tokenized real-world assets like real estate. Fractional ownership enables everyday investors to overcome barriers in traditional markets, creating balanced portfolios that mitigate risks while maximizing potential returns.
The platform offers impressive leverage options up to 1,000x, enabling traders to amplify their investments significantly. This feature appeals to those seeking to maximize returns with smaller initial capital. With high leverage, diverse investment options, and AI-driven strategies, RCO Finance stands out in the DeFi space.
Security and privacy are crucial in today’s crypto landscape, and RCO Finance tackles these issues directly. Eliminating KYC requirements eases onboarding and maintains user anonymity. Backed by audited smart contracts from SolidProof, RCOF tokens provide users with a secure trading experience and investment confidence.
Can RCOF Offer Solana Memecoins Investors a Safer Alternative? As RCO Finance continues to gain traction, now is the perfect time for investors to consider participating in its ongoing presale. Priced at $0.055 per token in Stage 3, early adopters could see significant returns, with analysts forecasting potential gains of over 1,000% when RCOF launches at an estimated $0.6.
Investors in this presale gain attractive pricing, exclusive features like staking rewards, and lower transaction fees. Staking RCOF tokens offers passive income through high APYs. RCOF holders also participate in governance decisions, influencing protocol upgrades and fees, creating community ownership, and prioritizing investor interests.
With strong investor interest already reflected in over $4.2 million raised during the presale, RCO Finance is poised for significant growth as it merges AI with DeFi. As the demand for innovative crypto solutions continues to rise, Solana memecoins investors could take advantage of this opportunity for a secured investment opportunity.
For more information about the RCO Finance (RCOF) Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
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Memecoins cashing on the popularity of pet squirrel and social media star ‘Peanut' have become the new money-minting opportunities for cryptocurrency degens.
A coin with a similar name was launched on Solana (CRYPTO: SOL)-based DEX Raydium, which was up a whopping 336% in the last 24 hours, though having a far lower market capitalization of $33,790.
It is worth noting that the liquidity of these tokens is very low because they are not traded on major cryptocurrency exchanges and are only available on DEXs as of this writing, making them vulnerable to extreme price swings.
See Also: Satoshi Nakamoto Identity Prediction Market Appears More Volatile Than Bitcoin: Sassaman Dethrones Peter Todd.
Why It Matters: The death of the adorable creature has become the latest flashpoint ahead of the presidential elections.
New York state officials confiscated and euthanized Peanut, along with a raccoon named Fred, triggering a wave of outrage from social media and influential figures.
Tech mogul and Republican supporter Elon Musk wrote, "President Donald Trump will save the squirrels," along with a condolence message for the animal.
According to the statement from authorities first reported by CBS News, the officials took the action citing potential human exposure to rabies from the animals.
Additionally, a person involved with the investigation was bitten by the squirrel, prompting the officials to put the animals down to test for rabies.
Peanut’s Instagram account is followed by 666,000 followers, with his videos of donning little hats and munching on waffles bringing delight to many.
Image via Wikimedia Commons
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In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results.
Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in Bitcoin each to his reelection campaign.
Regulatory Fears Prompt Exodus Of Crypto Firms From US Winklevoss highlighted the significant financial toll that the Harris-Biden administration has imposed on the cryptocurrency sector, claiming that legal fees have reached $500 million.
This figure reflects the ongoing scrutiny from the US Securities and Exchange Commission (SEC), which has pursued lawsuits and issued Wells Notices to several major players in the industry, including Binance, Ripple, and Coinbase.
As a result, many firms have incurred substantial legal expenses while defending against regulatory actions, raising concerns about the administration’s approach to cryptocurrency regulation.
The co-founder expressed alarm over the prospect of a Kamala Harris presidency, suggesting that her administration could perpetuate the current regulatory landscape characterized by enforcement rather than guidance.
Winklevoss stated, “Vote Trump and this spending in legal fees goes to $0. Vote Harris and this figure will balloon to billions.”
Cameron Winklevoss’ comments have sparked responses from various industry experts, underscoring the broader implications of regulatory strategies on innovation and growth within the sector.
Wayne Vaughan, a Bitcoin advocate and co-founder of the Tierion blockchain, echoed Winklevoss’s concerns, emphasizing that legal fees are only part of the damage.
Vaughan pointed out that many companies have left the United States or abandoned product developments due to fears of regulatory repercussions, reflecting a growing frustration within the crypto community regarding the perceived hostility of US regulatory bodies.
James Murphy on the other hand, a securities lawyer and long-time proponent of the digital asset sector, also weighed in, suggesting that Winklevoss’s estimate of $500 million in legal costs might be conservative.
Murphy noted that this figure does not account for settlements paid to the SEC by projects unable to sustain prolonged legal battles, further illustrating the financial strain placed on the industry.
Blockchain Association Calls For Leadership Change At SEC Bitcoinist previously reported that according to a report by the Blockchain Association, a crypto-focused lobbying group, the cumulative cost of crypto firms fighting SEC lawsuits over the past few years has reached around $426 million.
This report, published on October 31, criticized the SEC’s “regulation by enforcement” approach, which it argues stifles innovation and economic growth. The association highlighted not only the legal expenses but also the job losses resulting from the regulatory environment.
The Blockchain Association called for a change in leadership at the SEC, framing the current regulatory strategy as a form of “lawfare” that undermines the potential of the crypto industry.
Kristin Smith, the group’s CEO, urged cryptocurrency users and developers to advocate for leadership change, although she did not specify any political affiliations or candidates in her message.
The daily chart shows the total crypto market cap valuation rise on Tuesday. Source: TOTAL on TradingView.com Featured image from DALL-E, chart from TradingView.com
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Robert Kiyosaki, a renowned entrepreneur and investor who supports Bitcoin and is also well known for authoring the popular book “Rich Dad Poor Dad,” has issued a tweet discussing the growing significance of BTC under the current economic conditions in the U.S.
He shared an investment plan that he has been following with his X audience, which includes regular Bitcoin investments.
Kiyosaki on Bitcoin and "fake US dollars"Financial guru Kiyosaki revealed that he has been “hiding real money,” which he calls gold and silver. According to his tweet, he now owns “tons of gold and silver” AS, in 1985, he also began to buy his own gold and silver mines.
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The investor reminded the audience that U.S. dollars are not currently backed by anything, hinting that the gold standard was removed. Now, aside from gold and silver, he also saves the digital gold. He said, “I save Bitcoin.”
WHO CARES? I watch in amusement as so called “experts” debate Gold vs Bitcoin. I was fortunate enough to realized “We The People” were being “F’d” by our own government in 1965.
In 1965, when I was 18 years old, I could see “copper” on the edge of our “silver” coins. Only 18…
— Robert Kiyosaki (@theRealKiyosaki) November 28, 2024 Kiyosaki took a jab at those running the U.S. Treasury – Janet Yellen – and the Fed; both are run by people who are similar to his “poor dad” caricature from his aforementioned book. The “poor dad” is a composite image of someone who has little or no financial literacy and relies on a poorly managed economy, while the “rich dad” from the book is a generalized way to discuss people who do not just save money that gets devalued quickly but use it to boost their wealth with profitable assets.
It is no wonder, Kiyosaki said, that “poor dads” Yellen and the Federal Reserve have triggered the U.S. to become “the biggest nation debtor in history.” He then expressed his take on the current purchasing power of the USD that is the result of that growing debt: “Our dollar will soon be toilet paper.”
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Kiyosaki suggests buying Bitcoin to get richerIt is important under the current economic conditions in the U.S., he believes, to invest in coins every month, whether it is gold, silver or Bitcoin. If you do not know which you want to bet on, he says, just “buy one gold coin, or one silver coin, or one Bitcoin Satoshi.” Then he recommends setting a monthly goal of purchasing the chosen asset.
“Choose one coin, gold, silver, or Bitcoin….set a monthly goal….and get richer,” he said in the tweet.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
On-chain data indicates intriguing dynamics that may determine Shiba Inu's future course, indicating that the species is at a turning point. The data indicates that addresses holding positions within a narrow price range account for about 76 trillion SHIB.
The key question is whether SHIB is on the verge of a sharp decline or if this enormous concentration can serve as a stabilizing force. The Active Addresses by Profitability chart shows that at an average holding price of $0.000025, 78.96% of SHIB holders are currently in the money.
SHIB/USDT Chart by TradingViewThe current price of $0.00002599 is perilously close to critical resistance levels, indicating that many holders are sitting on profits. These profitable addresses might sell their holdings, putting pressure on SHIB, if it does not break higher. On the other hand, only 2 out of 35 holders are out of the money, indicating little to no capitulation to date.
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This suggests that the majority of investors are upbeat, but if SHIB's price falls below its important support levels, this could change rapidly. SHIB is displaying a bullish triangle pattern on the price chart, with immediate resistance at $0.000027 and support close to $0.000023.
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Though substantial volume and wider market support would be needed for this move, a breakout above $0.000027 might indicate a rally toward $0.000030. On the down side, if $0.000023 is not maintained, a more severe correction may occur, possibly aiming for the $0.000021 level.
The weeks that follow are very important for Shiba Inu. Should the token successfully emerge from its consolidation phase, it may spark renewed interest and draw in new funding. But in the absence of significant buying activity, there is a significant chance that the market will be dominated by profit-takers, raising the possibility of a sell-off.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
