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Shiba Inu Team Says It’s Cooking Something Special to Burn SHIB

Lele Jima
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Shiba Inu Team Says It’s Cooking Something Special to Burn SHIB

Lucie, the outspoken marketing specialist for the Shiba Inu ecosystem, shares an exciting update that could lead to hefty SHIB burns. 

The marketing lead revealed that she is cooking something special with Shibacals, a project focused on leveraging blockchain to authenticate physical collectibles. 

Despite not providing insightful details about the collaboration, Lucie urged Shiba Inu community members to prepare for ‘some SHIB burn.’ 

Community Reacts 

Expectedly, the statement elicited positive enthusiasm among community members who enquired whether the project would lead to the incineration of millions or trillions of SHIB tokens. 

Furthermore, other community members expressed anticipation for the upcoming SHIB burn. 

More SHIB to Go Up in Flames 

Notably, the upcoming burn would further reduce Shiba Inu’s hefty supply of 589.27 trillion, potentially boosting the value of the remaining ones. The community has been relentless in reducing SHIB’s supply via burns. 

Also, the Shiba Inu ecosystem team is involved in the burn campaign, incinerating SHIB using a portion of Shibarium gas fees. The team initiated its sixth Shibarium-powered burn in March, destroying 13.4 billion SHIB in two transactions. This brought the total Shibarium-powered burns to 56 billion SHIB. 

While the team has halted Shibarium-powered burns due to low transaction volume on Shibarium and the ongoing development of a burn portal, the community has taken the lead in removing some amounts of SHIB from circulation.  

The community burned 918.07 million tokens in June alone. July also started on a positive note for Shiba Inu burns, with an unknown user sending over 290 million SHIB to the dead wallet.  

SHIB Burn Rate Plunges Nearly 100% 

At press time, the cryptocurrency’s burn rate has decreased 99.93% over the past 24 hours, with only 203,721 SHIB incinerated.

latest SHIB bun
Shiba Inu Burn Rate | Shibburn

With Lucie and Shibacals currently ‘cooking something special’ to burn SHIB, it is only a matter of time before more tokens are permanently removed from circulation. 

Meanwhile, SHIB is trading at $0.00001711, reflecting a decline of 0.59% over the past 24 hours. The token’s 24-hour trading volume is down 7.59% to $167.13 million at press time. 

Here is XRP Price if Ethereum Hits $22,000, as Predicted by VanEck

Sam Wisdom Raphael
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Here is XRP Price if Ethereum Hits $22,000, as Predicted by VanEck

XRP’s price is likely to breach $3 if it follows Ethereum’s price trajectory as ETH clinches VanEck’s $22,000 price target.

The current trading environment for cryptocurrencies is marked by significant volatility, with both Ethereum (ETH) and XRP experiencing significant declines. Notably, Ethereum typically moves in correlation with Bitcoin (BTC), and XRP usually follows the path set by both assets during market uptrends and downturns.

With Bitcoin now trading below the psychologically significant $65,000 threshold, Ethereum has equally collapsed underneath $3,500. Similarly, XRP price trades below the $0.50 support. Due to this correlation during the market dump, experts believe all three assets would secure similar surges when a recovery comes.

VanEck Predicts Ethereum to $22,000

Each token has been a subject of price speculation and projections. As of now, Ethereum stands at $3,435. Earlier this month, VanEck, a prominent asset manager, made an ambitious prediction that Ethereum could soar to $22,000. This forecast follows the U.S. SEC’s recent partial approval of spot Ethereum ETF filings, which could be a game-changer for the market.

VanEck’s optimistic outlook on Ethereum suggests a possible rebound and impressive growth. If Ethereum reaches this predicted value, it will likely have far-reaching effects on the wider cryptocurrency market, including XRP. 

Such impact materialized when ETH spiked 19% in a day last month as speculation of the SEC’s spot ETH ETF approval gained steam. Interestingly, XRP price recorded a surge as well but only managed a 5.51% intraday gain on May 20. XRP eventually surpassed $0.55 the next day.

XRP Price if It Follows Ethereum’s Trajectory

Notably, if Ethereum rises from $3,435 to $22,000, as predicted by VanEck, it would represent a staggering 540.60% increase. If XRP experienced a similar percentage growth, its price could see a substantial jump. Applying this percentage increase to XRP’s current price of $0.4783, we find that XRP could potentially reach around $3.065.

While this price is still below XRP’s all-time high of $3.31 in January 2018, it represents a significant level from which the crypto asset could surge to greater heights. Meanwhile, market analysts predict more substantial targets for XRP price, with the most recent projections setting goals at $49 and $36.

Cardano Founder Says It’s Not About Token Price, It’s About Changing the World

Zabi
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Cardano Founder Says It’s Not About Token Price, It’s About Changing the World

Cardano founder Charles Hoskinson emphasizes global impact over token prices, highlighting his project’s achievements.

Cardano founder Charles Hoskinson has taken it to the X platform to highlight the project’s broader mission beyond asset prices, emphasizing its transformative global impacts.

In a statement, the IOHK Chief remarked,

“Cardano should not be equated as a Charles Hoskinson project… it’s not about a token or a price; it’s about making the world better for everybody.”

Hoskinson specifically reflected on Cardano’s journey, noting the project’s goals and the paradoxical criticism it faces as it nears completion.

“The closer you get to completing something, the more people will seem to think that you didn’t do it,” he added.

As Cardano approaches its goals, it paradoxically faces increased scrutiny and skepticism. According to the founder, despite progress, managing public perception remains a challenge in the crypto sector. 

Recent Goals and Achievements

Hoskinson says Cardano has progressed through its phases, from Byron to Voltaire, achieving milestones in scalability, interoperability, and governance. 

Each phase has specific goals that have collectively strengthened the network. The Byron phase focused on launching the network, while the Shelly phase transitioned the network from static and federated to dynamic and decentralized.

According to Hoskinson, “Byron was all about launching a cryptocurrency network… Shelly was about making that from static and Federated to Dynamic and decentralized…”

However, on the flip side, the Cardano founder notes that “there was a 90% reduction in altcoin value in the industry.” Notably, the altcoin market capitalization is currently sitting at $236.45 billion.

Governance, Scalability, and Future Vision

Hoskinson also announced milestones in governance and scalability. According to him, the imminent launch of the largest on-chain government in the industry, alongside the availability of node 9.0, marks a move towards Cardano’s vision of a decentralized future.

“We will turn on the largest on-chain government in the history of the industry… in fact, node 9.0 should probably be available this week or next,” he disclosed.

Looking ahead, Hoskinson emphasized broader adoption and real-world applications for the next 5 to 10 years in the crypto space.

Moreso, Cardano aims to leverage its strong community, deep research, and skilled engineers to drive impactful changes.

In Charles Hoskinson’s words:

“We have the strongest community, we have the best depth of research, and we have the best engineers and the best builders […] We are here to change the world and take you along for the ride.”

Meme Coin Volatility and Political Commentary

It is important to recall a recent incident when Cardano’s meme coin RIO experienced a dramatic 96% drop on June 27, following Hoskinson’s comment revealing his pet parrot’s name is Daisy, not Rio.

However, amid Hoskinson’s commentary, Cardano (ADA) changes hands at $0.4058, reflecting a 2.24% increase in the last 24 hours and a 4.29% increase over the past week. 

Elsewhere, this commentary comes only a day after Hoskinson criticized President Biden’s crypto policies, urging U.S. voters to prioritize cryptocurrency in the upcoming elections. He stressed the importance of blockchain technology in shaping America’s future and warned that a vote for Biden could hinder the crypto industry’s growth.

Full-Time Trader Recommends Holding Shiba Inu Ahead of Bitcoin $75,000 Surge

Abdulkarim Abdulwahab
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Full-Time Trader Recommends Holding Shiba Inu Ahead of Bitcoin $75,000 Surge

Widely followed full-time crypto trader “Blockchainedbb” highlighted Shiba Inu as a top recommended asset to hold ahead of the anticipated Bitcoin surge to $75,000.

The pseudonymous analyst voiced this sentiment in a recent post on X. Notably, the commentary came as a reaction to the news that America’s largest exchange, Coinbase, seeks to list future contracts for Shiba Inu.

Shiba Inu a Recommended Hold

Last Friday, Coinbase filed five new futures products with the U.S. Commodity Futures Trading Commission (CFTC), including one tied to SHIB, with plans to launch trading by July 15. 

The Exchange believes listing a Shiba Inu futures product grants users more avenues to manage risk and partake in the crypto economy with lower upfront capital. Coinbase sees the expansion with Shiba Inu as a way to diversify its product offerings and enhance its users’ trading experience.

This move from the leading U.S. crypto trading platform has stirred significant bullish sentiment in the crypto community, particularly the SHIB Army. Blockchainedbb is one of the latest market watchers voicing a bullish outlook on Shiba Inu’s future price amid the development.

Specifically, the analyst highlighted that such news is why SHIB is one of her top recommendations for the anticipated Bitcoin surge to $75,000. According to Blockchainedbb, Shiba Inu is key to unlocking retail liquidity for exit, making it an attractive asset during the expected price run.

Blockchainedbb’s latest sentiment aligns with her previous statement, describing Shiba Inu as an easy-to-hold asset for investors looking to scale up their portfolios.

Buying Shiba Inu Before Bitcoin Rally to $75k

Meanwhile, during the conversation, a crypto enthusiast asked the analyst about buying Shiba Inu at its current market value. Blockchainedbb advised that joining the trend now at the low of around $0.000017 is prudent rather than waiting for an absolute bottom price that one may end up missing.

However, the analyst also cautioned that altcoins like SHIB could trade much lower if Bitcoin corrects again and falls back to $58,000. Yet, Blockchainedbb noted that acquiring SHIB through the spot market would be a safe bet, as it would likely rebound after a dip. This is because leveraged long positions could face liquidations during steeper price drops.

Notably, during Bitcoin’s rally to an all-time high above $73,000 in March, Shiba Inu was a major beneficiary of the bull run. Specifically, barely two weeks before Bitcoin’s ATH, SHIB soared by nearly 400%, breaking a three-year high to trade at $0.00004534 in early March.

Analysts see a resurgence of this aggressive bullish momentum soon, potentially driving Shiba Inu to the $0.0001 range. Bitcoin hovers around $62,800 at press time, while SHIB trades at $0.00001713. Notably, the premier asset needs to rally by approximately 20% to crack a $75K ATH.

Shiba Inu Lead Emerges on X to Bring Something Big for SHIB

Lele Jima
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0
Shiba Inu Lead Emerges on X to Bring Something Big for SHIB

Shiba Inu lead developer Shytoshi Kusama breaks a 13-day silence on X to bring something exciting for SHIB enthusiasts. 

In an X post yesterday, Kusama called the community’s attention to a recent update from the organizers of the highly anticipated IVS Crypto 2024 KYOTO. 

In a June 27 disclosure, the organizers stressed that IVS Crypto 2024 KYOTO is around the corner, with only eight days left for the event to kick off. 

The post pointed out that tickets to over 250 side events were sold out. However, people who wish to experience these events can attend the IVS Crypto 2024 KYOTO. 

“If you want to enjoy IVS to the fullest, participation is a must! Make your reservation now!” the organizers noted.  

Shiba Inu Lead Excited, Says It’s Time for a Change 

Reacting, Kusama, who has been inactive since June 18, emphasized that he is excited about the upcoming event. 

In a follow-up post, the Shiba Inu lead acknowledged that he has been shy and quiet over the past few years, noting that it is time for a change. 

The remark suggests that Kusama is ready to step out of his comfort zone and become more active, specifically to advocate and promote Web3. 

He expressed gratitude to the IVS Crypto 2024 team for its patience and eagerly anticipated meeting Shiba Inu community members at the event. 

Shiba Inu Secures IVS Crypto 2024 Gold Sponsor Title 

The development comes a few days after Shiba Inu announced that it secured a Gold Sponsor title for the event. This could enhance Shiba Inu’s Web3 presence, allowing it to network and potentially foster new partnerships with other industry players. 

As reported earlier, Shiba Inu’s Gold Sponsor title could also give the dog-themed cryptocurrency more visibility via a dedicated booth. This opportunity would enable the team to showcase its potential, thus fostering widespread adoption.  

For context, IVS Crypto 2024 KYOTO is a three-day event slated to be held from July 4 to 6 at the KYOTO Pulse Plaza under the theme ‘Cross the Boundaries.’ It is recognized as one of Japan’s largest Web3 conferences, focusing on the intersection of Web3 and blockchain with artificial intelligence, entertainment, and gaming. 

Some of the speakers include Mo Shaikh, Aptos Labs co-founder and CEO; Ray Chan, Memeland CEO; Serbastien Borget, The Sandbox co-founder and CEO; Jeffrey Zirlin, Sky Mavis co-founder; as well as Genki Oda, Executive Manager at SBI Holdings. 

Here are Projected Timelines for Cardano to Hit $100, $300, and $500

Abdulkarim Abdulwahab
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Here are Projected Timelines for Cardano to Hit $100, $300, and $500

Various entities have expressed their opinions on how high the price of Cardano (ADA) could reach in years to come, given its prominence in the crypto scene. 

At press time, crypto market participants are trading Cardano at $0.394, a 5.01% increase from the price ADA sold last week. The highest point ADA has traded is $3.10, which was about three years ago, in September 2021.

Despite Cardano now trading at 87% below this peak, entities like the crypto exchange platform Changelly believe Cardano would be worth $100, $300, and even $500 in the coming years. 

Changelly Timeline for Cardano to Hit $100, $300, and $500

In an analysis updated this month, Changelly analysts argued that Cardano would take its first shot at $100 by 2040, sixteen years away. Specifically, they proposed a minimum of $117.94 for ADA by March 2040 and a maximum of $134.22 for the month. 

For context, Cardano’s price must expand by 252-fold or 25,280% to attain $100. This price point would elevate ADA’s market valuation to $4.5 trillion, compared to the fully diluted cap of $17.75 billion today.

Changelly also noted that Cardano could reach the $300 mark six months after surpassing $100, with a minimum price projection of $313 by September 2040.

Furthermore, the analysts asserted it would take Cardano another decade to attain $500, anticipating the target by September 2050. Notably, this price point would necessitate an astonishing 126,803% growth over 26 years.

ChatGPT Timeline for ADA to Hit $100, $300, and $500 Based on 100% Yearly Growth

OpenAI’s ChatGPT has also commented on the timeline for Cardano to reach these ambitious targets based on annual growth rate scenarios. ChatGPT predicts that Cardano could reach $100 in 11 years with a 50% annual growth rate.

Interestingly, per a recent estimation by The Crypto Basic, ADA may attain $100 in 9.5 years with a monthly 5% growth rate. Meanwhile, ChatGPT calculated that an annual growth rate of 100% would send ADA to $100 by 2032.

ChatGPT projection for Cardano
ChatGPT Cardano Price Prediction

For the $300 target, a 50% and 100% annual growth rate could make this a reality by 2039 and 2034, respectively. As for the ambitious $500 target, Cardano could achieve this level with a 50% yearly growth rate in 16.8 years or a 100% growth rate in 10.3 years.

Ripple Keeps 1.3B XRP After Escrow Unlock, Sparking Settlement Speculation

Sam Wisdom Raphael
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Ripple Keeps 1.3B XRP After Escrow Unlock, Sparking Settlement Speculation

Ripple retains 1.3 billion XRP in its spendable wallets after unlocking 1 billion tokens from escrow for July, sparking speculation of a settlement in the SEC case.

Whale Alert, a crypto tracking resource, spotlighted the latest development, which occurred across multiple transactions within two hours yesterday. The first batch involved seven fund movements, with which Ripple transferred 1.1 billion XRP to three different wallets and locked up 800 million XRP in escrow.

Details of the Ripple Transactions

Notably, in the first batch, Ripple moved 200 million XRP to “rBg…91m,” and then transferred 300 million XRP to “rDd…eCK” yesterday. The firm then sent 500 million XRP to “rKD…2op.” Essentially, these transactions moved 1 billion XRP to three Ripple wallets, occurring between 21:41 and 21:43 UTC yesterday.

Three minutes after the first batch of movements, Ripple proceeded to lock up some of the funds in escrow. Address “rDd…eCK” locked up the 500 million XRP it received. Afterward, wallet “rKD…2op” escrowed the 300 million XRP in its balance, bringing total assets locked up to 800 million XRP.

Interestingly, Ripple then sent an additional 100 million XRP to address “rBg…91m” at 21:49 UTC. This brought the wallet’s balance to 300 million XRP. With this series of movements, Ripple had sent 1.1 billion to spendable wallets, but locked up 800 million XRP. This brings the spendable balance from the fund flow to 300 million XRP.

The second batch of transactions involved the anticipated escrow unlocks, occurring over an hour after the first batch. Ripple unlocked 500 million XRP to address “rDq…EsF” and then another 500 million XRP in two unequal movements to “rw2…3wY.”

SEC Settlement Speculation

Overall, the multiple transactions executed by Ripple saw the company lock up 800 million XRP and unlock 1 billion XRP. While these movements are typical each month, the transfer of additional 300 million to wallets to a wallet usually leveraged for fund liquidations has caught the attention of the investing public.

With Ripple segregating 1.3 billion XRP for possible liquidation, speculations of an imminent settlement in the SEC case have sprung up. Interestingly, Ripple recently moved 200 million XRP at the end of last month. As The Crypto Basic reported, this fund flow also triggered speculative comments.

Notably, the Ripple v. SEC lawsuit has slid into the remedies phase. Consequently, both parties have presented arguments on the fair penalty for Ripple’s violation of securities provisions.

The U.S. SEC demands a disgorgement of $876 million and another $876 million in civil penalty, with $198 million in prejudgment interest. While these demands total $1.95 billion, Ripple argues that the civil penalty should not be more than $10 million. Both parties await the court’s final decision on the matter.

Expert Shares How To Make $1 Million in One Year

Abdulkarim Abdulwahab
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Expert Shares How To Make $1 Million in One Year

Aaron, the host of Altcoin Daily, suggests crypto enthusiasts could become millionaires within a year through prudent involvement in the asset class.

He addressed the subject from the angle of the developments surrounding Ethereum and Bitcoin, the two market bigwigs. According to him, “big things” are happening behind the scenes.

Ethereum and Bitcoin Developments

First, the Altcoin Daily presenter cited the recently announced seed investment of $4.7 million in Fidelity’s Ethereum spot exchange-traded fund (ETF). Notably, this Ethereum investment product could commence trading this July following the approvals in May, but this depends on further approvals by the SEC.

Furthermore, Aaron discussed the competitive landscape among asset managers like BlackRock, Bitwise, Grayscale, and Fidelity, seeking to list Ethereum spot ETFs. Specifically, these asset managers have begun engaging in fee wars, just as they did during the application for the Bitcoin spot ETF.

Additionally, Aaron pointed to a pro-Ethereum ad by Bitwise as further evidence of the increasing competition to attract investors to Ethereum.

Capital Influx and Media Narrative

According to him, significant influxes of capital will enter the crypto market through Ethereum-based investments, akin to the capital flow that boosted Bitcoin to an all-time high (ATH) in Q1.

Moreover, Altcoin Daily pointed out the improved narrative from traditional media towards crypto, with more favorable advertorials promoting it to a broader audience.

He mentioned that while Bitcoin and Ethereum lead the charge, other crypto assets, such as Solana, are poised to benefit. Interestingly, billion-dollar asset manager VanEck has submitted an application to the SEC for a Solana ETF.

Bold Forecasts for Ethereum, Solana, and Bitcoin

Accordingly, Aaron projected that the crypto market’s current sentiment would improve significantly within a year. He predicted that Bitcoin could soar by over 800%, reaching above $550K from its current value of around $61K. 

The market commentator believes that the ongoing developments around Bitcoin and Ethereum are setting the stage for this to happen by 2025.

Moreover, Aaron asserts his firm belief that in a year, people will regret not buying Bitcoin at around $60K, Ethereum at around $3,500, Solana (SOL) at $130, and Chainlink (LINK) at $14. He believes these prices would look like a steal in hindsight.

He supported this view with insights from Matthew Sigel, the Head of Digital Assets Research at VanEck. Sigel projected a price target of $22,000 for Ethereum, estimating that the network will generate $70 billion of free cash flow by 2030. 

Sigel also proposed $3,000 as a bullish case for Solana. VanEck expects Bitcoin to command half the market cap of gold, with a price point of $325,000.

Making $1M in a Year

Aaron noted that while many in the financial space are not currently interested in crypto, this will change when Bitcoin takes its first shot at the $100K price point. He urged existing enthusiasts to double down and become more involved in crypto, as 2025 is poised to be a transformative year.

Notably, Aaron’s view insinuates that if Bitcoin approaches $550K by next year, the altcoin market, which appeals more to retail investors, would benefit accordingly.

Altcoins, especially meme coins, are known for outperforming Bitcoin in bull runs. Essentially, an 800% increase in Bitcoin could translate to even greater gains for altcoins, potentially turning small investments into million-dollar fortunes. In Q1, The Crypto Basic reported numerous cases of such occurrences.

Shiba Inu on the Brink of Major Comeback as Indicators Suggest Undervaluation

Abdulkarim Abdulwahab
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0
Shiba Inu on the Brink of Major Comeback as Indicators Suggest Undervaluation

While Shiba Inu continues to trade at four-month lows, multiple indicators suggest a comeback may be imminent due to its negative MVRV score.

Market data from the intelligence platform Santiment reveals that Shiba Inu is one of the most undervalued crypto assets following the depressing sentiment that has swept the market in recent weeks.

In a recent update, Santiment called attention to the MVRV Z-Score of some large-cap crypto assets, including Shiba Inu and Bitcoin. This metric assesses whether an asset is overvalued or undervalued by comparing its market value (MV) to its realized value (RV), which is the average price at which the token was last moved. 

A high score indicates the asset might be overvalued, while a low score suggests it might be undervalued. Toncoin (TON) returned the highest MVRV Z-Score at 6.14. This is further confirmed by TON’s remarkable price performance, boasting a 30-day yield of 22%, while other assets shoulder losses.

Bitcoin (BTC) and Ethereum (ETH) trailed TON with positive MVRV Z-Scores, which also put them in the overbought category despite their respective losses in June.

Shiba Inu is Undervalued

Interestingly, Shiba Inu’s MVRV ratio was not only low, but also returned a negative score. Emphatically, among the billion-dollar valued cryptocurrencies examined, Shiba Inu and Uniswap (UNI) posted the lowest MVRV Z-Score of -1.55 and -1.96, respectively.

These negative scores mean that SHIB and UNI are the most underbought tokens among large-cap assets since, on average, traders are at a loss. This comes at a time when Shiba Inu is facing significant challenges staging a bull rally. Specifically, the price of SHIB tanked by over 32% in June. 

In the past, periods of undervaluation have been succeeded by substantial price surges. In other words, Shiba Inu could be setting out for a major comeback soon.

Another Bullish indicator

Furthermore, a Shiba Inu bull rally is further supported by the current trend of investors continuously transferring their SHIB tokens from exchanges to private wallets for long-term holding. The Crypto Basic has called attention to this trend in various reports. 

Two weeks ago, Santiment observed that the Shiba Inu reserve of the top ten exchanges had notably dropped by 2.4% since late May. On a yearly scale, exchanges have been drained of around 30 trillion SHIB tokens.

At the time of reporting, SHIB trades at $0.00001723, posting a meager 1.05% gain in the last 24 hours.

Cardano Founder Criticizes Biden’s Crypto Policies, Urges Voters to Prioritize Crypto

Zabi
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0
Cardano Founder Criticizes Biden’s Crypto Policies, Urges Voters to Prioritize Crypto

Cardano founder Charles Hoskinson urges U.S. voters to prioritize cryptocurrency in the forthcoming elections, criticizing Biden’s policies.

In a video posted on Cardanians.io and originating from Altcoin Daily, Charles Hoskinson, founder of Cardano, addressed the American public. He urged voters to consider the future of crypto when casting their ballots in the next election. 

Hoskinson emphasized the importance of blockchain technology in shaping America’s economic, political, and social systems. He warned that a vote for President Biden could signal the end of the American cryptocurrency industry.

Hoskinson Criticizes Biden Administration’s Crypto Policies

On the same day, Hoskinson posted on X, criticizing the media’s reaction to President Biden’s performance. He pointed out the lack of a Democratic primary, which he believes could have highlighted Biden’s decline. 

Hoskinson questioned why the public tolerates the current situation, emphasizing the need for real choices. He labeled the Biden administration as detrimental to the cryptocurrency sector, citing the President’s pledge to veto a bill aimed at reigning in the SEC’s crypto crackdown.

Industry Reactions to SEC’s Actions

Recall that in May, Hoskinson criticized President Biden’s stance on the SEC’s regulatory actions, per a post by crypto expert Andrew Griffiths at the time. He claimed that the White House aimed to “destroy the American cryptocurrency industry.” 

According to Hoskinson, the SEC’s approach of “regulation by enforcement” has led to significant job losses and the decline of a trillion-dollar industry. 

Per Griffiths, blockchain leaders, including Messari CEO Ryan Selkis and the Winklevoss twins, have also voiced these concerns. Meanwhile, Coinbase and Ripple CEOs have transformed the crypto lobby into a major political force. 

Further, Anthony Scaramucci, a notable supporter from the crypto sector, has offered a lukewarm endorsement of Biden, contrasting with his critique of Trump’s unpredictable leadership style.

In a previous report by The Crypto Basic, a memo circulated among Democrat Committee members ahead of a pivotal hearing on digital asset regulation stirred significant debate. Charles Hoskinson strongly criticized the memo and urged U.S. citizens to consider this issue critically as single-issue voters in the upcoming election cycle.

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