Koinbulteni

Famous crypto trader James Wynn seizes market dip, goes long on Bitcoin with 40x leverage, increasing position size to $135 million. Risky move in uncertain market reflects Wynn's aggressive strategy aiming for maximum gains.

Arizona Governor Katie Hobbs vetoed two bills that aimed to link the state's funds and institutions with cryptocurrencies due to market volatility. One bill intended to create a strategic reserve fund using seized crypto assets, and the other proposed accepting cryptocurrencies for penalties. Governor Hobbs highlighted the financial risks posed by the crypto market uncertainties as the reason for vetoing the bills. She did, however, approve a bill for creating a reserve fund with unclaimed crypto assets and implementing strict regulations for crypto kiosk operators to protect consumers from fraud.

The temporary easing of tariffs between the US and China boosts market risk appetite, potentially impacting Bitcoin and Ethereum prices. QCP Capital analysis suggests reduced tariffs led to positive market sentiment, with Bitcoin stabilizing around $103,000 and Ethereum remaining resilient. Ethereum's strengthening role in the market, especially post-Spectra upgrade, may attract more investor interest. This could lead to increased allocation of ETH in portfolios.

In the US, lower-than-expected inflation rates led to a swift upward movement in Bitcoin (BTC) and Ethereum (ETH) prices. The market reaction was influenced by the potential for continued Fed interest rate cuts.

Two major whale investors sold a total of 6.46 million TRUMP tokens at a loss, impacting the struggling TRUMP token market. The sale was carried out by two investors resulting in significant losses.

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Donald Trump Jr. denied rumors about launching a meme coin for his father's social media platform, Truth Social. The platform aims to create a reward token connected to digital wallets, not a meme coin, boosting speculation on genuine Trump-backed tokens.

The rise in Bitcoin's realized price indicates investors buying at higher levels, supporting the upward trend showing Bitcoin's market strength.

The new SEC chairman, Paul Atkins, signals a more constructive approach to crypto regulations, departing from previous tougher stances. Atkins emphasizes setting suitable standards with market players' input, contrasting with his predecessor. He plans to collaborate with Congress to enhance the legal framework, showing a more open-minded stance towards digital assets. The new SEC's direction is seen as positive by industry experts like Gene Hoffman.

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