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Former US President Donald Trump has announced that his presidential campaign will now accept cryptocurrency donations. Trump made the announcement during a special event for holders of his “Mugshot Edition” non-fungible tokens (NFTs) at his Mar-a-Lago residence in Florida.

Trump’s move highlights his ongoing engagement with cutting-edge technology and digital assets. In a broader context, this also marks a significant shift in political fundraising strategies and aligns with growing digital trends.

From NFTs to Crypto: Trump’s Digital Campaign Trail

The revelation came through a short video released by Frank DeGods, co-founder of the DeGods and y00ts projects. In the video, Trump confidently responds to a question about crypto donations.

“If you can’t, I’ll make sure you can. Can we donate to the Trump campaign using crypto? I believe the answer is yes,” Trump answered.

Read more: How To Donate Crypto Using The Giving Block

Although this bold declaration has spread across various social media platforms, especially X (formerly Twitter), it still awaits more details from Trump’s campaign staff.

Continuing his dialogue on the subject, Trump addressed concerns about the US regulatory environment. Some believe this environment is driving crypto entrepreneurs offshore.

When Malcolm, Chief of Staff at De Labs (DeGods and y00ts parent company), questioned how he plans to handle the exodus of American crypto players, Trump labeled the current regulatory measures as “hostility.” He also promised a more welcoming approach.

“We’ll stop it because I don’t want that. If we’re going to embrace it, we have to let them [crypto industry players] be here,” Trump asserted.

Post-announcement, meme coins linked to political figures experienced a surge in their market value. These include Doland Tremp (TREMP) and Jeo Boden (BODEN). TREMP notably rose from 0.0017 Solana (SOL) to 0.0047 SOL (approximately from $0.24 to $0.67) before settling at 0.0041 SOL (~$0.59).

Read more: 11 Best Solana Meme Coins to Watch in 2024

TREMP/SOL Price Performance. Source: DEX Screener

Trump’s move to host this dinner garnered attention from many, particularly after a legal testimony on Tuesday. Trump even told reporters he wanted to campaign instead of being tied up in a courtroom. However, it seems that the dinner announcement was not made public and was circulated to certain invitees.

In a broader context, Trump’s positive stance on cryptocurrency suggests his potential presidency could foster a more favorable regulatory climate for cryptocurrencies in the US. Market analysts speculate this could invite more global investment in digital currencies, possibly enhancing their value and prominence.

The post Trump’s Bold Campaign Shift: From NFTs to Crypto Donations appeared first on BeInCrypto.

A widely followed crypto analyst and trader is expressing bearish sentiment on a top-50 memecoin by market cap.

The analyst pseudonymously known as Bluntz tells his 258,100 followers on the social media platform X that dogwifhat (WIF), which is built on the Solana (SOL) blockchain, could drop by around 66% from the current level.

According to Bluntz, who regularly applies the Elliott Wave theory in his technical analysis, WIF is likely in the process of completing a corrective three-pattern wave. According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.

Based on the pseudonymous analyst’s chart, it appears that WIF could bottom out at around the $1 price before resuming an upward trend to new all-time highs.

Source: Bluntz/X

WIF, which is currently the 43rd-largest crypto asset by market capitalization, is trading at $2.94 at time of writing. The Solana-based memecoin reached a low of $0.069 on January 10, a gain of 42.61x in four months.

Besides Bluntz, the analyst pseudonymously known as Credible Crypto also says that he expects WIF, as well as other memecoins, to fall. According to Credible Crypto, WIF could drop by around 47% from the current level.

“If you still haven’t taken a look and/or refused to open your mind to the possibly of a sub $2 WIF and major drops across the board for Dogecoin (DOGE) and other memes, it’s not too late.”

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The post Top Analyst Predicts Massive Drop for Solana-Based Memecoin That’s Exploded Over 42x in Four Months appeared first on The Daily Hodl.

Everything you need to watch the ‘Planet of the Apes’ movies in release order online.

Follow our simple guide and you’ll be streaming your favorite games on Steam Deck through Nvidia’s service in no time at all.

OKX, one of the world’s leading cryptocurrency exchanges, is thrilled to announce a new staking event involving NOTCOIN (NOT), a rapidly emerging community token within the TON ecosystem, famous for its integration with a viral game on Telegram that boasts over 35 million players.

The event will provide unique opportunities for users to engage with the burgeoning Web3 projects and game platforms.

Event Details

• Token for Staking: TON
• Token to Receive: NOT
• Total NOT Tokens in Staking Pool: 1,283,990,271 NOT
• Staking Period: May 13, 2024, 06:00 UTC to May 16, 2024, 06:00 UTC
• Minimum Staking Amount: None
• Maximum Staking per User: 4,000 TON
• Staking and Unstaking: Can be done at any time during the event
• Start of Trading for Mined Tokens: May 16, 2024, until further notice

How to Participate

Participants are required to prepare their TON tokens on their primary OKX account. During the event period, users can navigate to the Jumpstart page within the OKX app and select NOTCOIN to deposit their TON tokens for staking and participate in NOT mining.

About NOTCOIN

NOTCOIN is a community token based on the TON blockchain, renowned for its ability to facilitate cryptocurrency transactions over Telegram. It allows users to send and receive digital currency and use it for various services within the Telegram ecosystem. The current phase of the project focuses on developing an ecosystem around NOT, including a gaming platform and tools for exploring Web3 projects.

About OKX

OKX is a leading digital asset exchange that provides a sophisticated platform for traders of all skill levels to buy and sell cryptocurrencies efficiently. We strive to foster innovation and support the development of blockchain technology ecosystems.

The post OKX Announces Exciting New Staking Opportunities on Jumpstart with NOTCOIN appeared first on BeInCrypto.

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The AI token, $FET, experienced a 6% decline in value today as it approached the $2 mark, reflecting ongoing outflows from wallets associated with the Fetch.ai Foundation.

This movement in price coincided with significant deposit activity on Binance, shedding light on potential market dynamics influencing $FET’s performance.

Wallet 0x633, linked to the Fetch.ai Foundation, recently deposited 1 million $FET, valued at $2.46 million, to Binance at a price of $2.461 per token.

This deposit follows a larger inflow of 5 million $FET, totaling $11.97 million, received from Fetch.ai Foundation at an average price of $2.394 just three hours prior. Despite these transactions, the wallet still retains 4 million $FET, valued at $9.84 million.

Wallets linked to @Fetch_ai are depositing $FET to #Binance after the massive minting!

In the past 13 hours, two wallets, 0x633 and 0xbb0, which received tokens from the Fetch foundation, deposited 1.47M $FET ($3.59M) to #Binance.

Notably:
• Fetch foundation minted 1.48B $FET… pic.twitter.com/JcsdbUJNOJ

— Spot On Chain (@spotonchain) May 8, 2024

Massive Top $FET Wallets Deposits Huge Amount Of Token To Exchanges

In the past five hours, two wallets associated with the Fetch.ai Foundation, namely 0x633 and 0xbb0, collectively deposited 1.47 million $FET, equivalent to $3.59 million, to Binance at an average price of $2.44 per token using the same deposit address, 0x5bb.

Notably, these wallets have deposited a total of 4.9 million $FET to Binance over the past month at an average price of $2.26 per token, often preceding price declines.

Furthermore, it is worth mentioning that the Fetch.ai Foundation recently minted an additional 1.48 billion $FET tokens, valued at $2.96 billion, to support the ASI Token Exchange Mechanism just five days ago.

This influx increased the total supply of $FET to 2.63 billion tokens, underscoring the foundation’s commitment to advancing its ecosystem and initiatives.

As $FET continues to navigate market fluctuations, investors and observers will monitor ongoing developments closely to gauge the token’s performance and broader implications for the cryptocurrency market.

With outflows and supply adjustments impacting price dynamics, market participants will remain vigilant to seize opportunities and manage risks effectively.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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The post $FET Token Records Outflows Amidst 6% Price Decline appeared first on The Merkle News.