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Ripple’s Double Gamble: Millions on Harris & Trump.
Is Microsoft About to Join the Bitcoin Club?
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Welcome to Crypto Wire — clear, concise, and crypto-smart.
What we’ll cover today:
💸 Ripple Dropped Millions on Harris and Trump?
🪙 Is Microsoft About to Join the Bitcoin Club?
🤔 Is Solana About to Overtake Ethereum?
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1. Ripple Dropped Millions on Harris and Trump?
Source: Getty Images
Ripple’s usually in the headlines for its battles with the SEC.
But this time, it’s their political bets that have everyone talking.
CEO Brad Garlinghouse is all praise for Harris’s “pro-crypto” stance.
This comes despite Ripple’s rocky past with the Biden administration.
Meanwhile, their chief legal officer has been cutting checks for Trump.
Trump’s openly backing the crypto scene adds to the intrigue.
So, what’s Ripple up to?
It’s simple: they’re hedging their bets. With the 2024 election around the corner, Ripple’s playing both sides. Their big goals:
Secure support for a much-anticipated XRP ETF.
Position XRP as a mainstream, regulated financial asset.
If they get it, XRP could finally hit the mainstream.
That means big wins for the company.
What’s Ripple’s Game Here? |
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2. Is Microsoft About to Join the Bitcoin Club?
Source: Reuters
That’s the big question on everyone’s mind.
The tech giant is exploring the idea of adding Bitcoin to its balance sheet.
They’ve asked shareholders to weigh in before the 2024 Annual Meeting.
If they go through with it, this could be a game-changer for the crypto world.
But there’s a plot twist—the board isn’t fully on board yet.
They’ve advised against the investment, citing Bitcoin’s well-known risks.
Still, Microsoft’s curiosity about crypto isn’t new:
They’ve invested in blockchain projects like ConsenSys.
They’ve hinted at bringing an Ethereum wallet to their Edge browser.
Unlike Tesla and MicroStrategy, who jumped into Bitcoin headfirst, Microsoft is still testing the waters.
3. Is Solana About to Overtake Ethereum?
Source: coinmarketcap
The crypto world is buzzing.
Solana’s recent climb against Ethereum has everyone’s attention.
In August, Solana surged, hitting a record high against ETH.
This happened during a massive $500 billion market dip.
While Ethereum struggled, Solana made a swift recovery.
Now, everyone’s asking: Could this be a new chapter for altcoins?
What’s Driving Solana’s Rise?
Low transaction fees make it cost-effective.
Strong network design boosting reliability.
Growing support from the meme coin community is drawing more stakes.
Meanwhile, Ethereum is facing some tough challenges.
Investor confidence is dropping.
Big wallets are shrinking, hitting a seven-year low.
Persistent issues like high fees and slow scaling remain unsolved.
If Ethereum doesn’t step up, Solana could keep rising.
The altcoin world might be on the verge of a big shift.
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Source: Cryptomemebot
What do you think about today’s edition? |
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Disclaimer:
This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.
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