Harris will attend services at New Birth Missionary Baptist Church and Divine Faith Ministries International, urging early voter turnout.
Stevie Wonder will perform at one of the events, adding to the celebration.
Harris’s "Souls to the Polls" initiative aims to mobilize voters through gospel performances and faith leaders.
Donald Trump Plans McDonald’s Visit to Mock Harris's McDonald's Work Claim
Trump says he will "work" at a McDonald's in Pennsylvania to poke fun at Harris’s claim of having worked at the fast-food chain in her youth, which he doubts.
His adviser mentioned Trump will be in the "french fries area" of the restaurant.
Trump continues his campaign with a rally scheduled in Lancaster, Pennsylvania.
Tight Race Between Harris and Trump in Key Swing States
Both candidates are locked in a close contest in states like Pennsylvania and Michigan, which could determine the election outcome.
Harris is focusing on strong voter turnout in majority non-white cities like Detroit and Atlanta, key to repeating Biden's 2020 victories.
Upcoming Campaign Stops and Events
Harris will conclude her day with an interview with Al Sharpton on MSNBC.
Trump looks to energize his base with rallies and appearances across Pennsylvania, hoping to gain ground as early voting kicks off.
---
This revised version condenses the information while keeping it clear and engaging.
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Bitcoin has managed to stay above the $68,000 mark, but a widely followed technical indicator, the TD Sequential, has flashed a sell signal, sparking concerns among investors. Could this signal a brief correction in Bitcoin’s recent bull run?
📊 Key Insights on Bitcoin Price Movement
Current Price Action
➔ Bitcoin is holding steady around $68,272, showing only a minor 0.5% dip over the past day.
➔ Despite the quiet weekend, Bitcoin is up 9% over the last seven days, signaling strong overall momentum.
⚠️ TD Sequential Sounds the Alarm
TD Sequential Explained
➔ The TD Sequential is a technical analysis tool that identifies potential trend exhaustion and price reversals.
➔ A sell signal has appeared, indicating that the recent Bitcoin rally might be losing steam.
➔ This signal, marked by a number “9” on Bitcoin's daily chart, suggests a brief correction may be imminent.
Analyst’s Prediction
➔ Crypto analyst Ali Martinez pointed out that Bitcoin may face a temporary pullback before resuming its upward momentum.
➔ He reassures investors that while the TD Sequential indicates a correction, it’s likely part of the natural market cycle and not a sign of a major downturn.
🔍 Understanding the TD Sequential Setup Phase
Bullish Setup Phase
➔ In a bullish setup, the TD Sequential counts nine consecutive candles that close higher than four candles before.
➔ Once the number “9” is printed, it signals potential exhaustion of the bullish trend, opening the door to a temporary price reversal.
What’s Next for Bitcoin?
➔ Martinez advises caution, predicting that Bitcoin could experience a brief correction before reaching new higher highs.
➔ This means investors might see short-term volatility before Bitcoin potentially surpasses its all-time high.
💡 Bitcoin Price Overview
Current Price: $68,272
24-Hour Change: -0.5%
7-Day Performance: +9%
➔ Despite the TD Sequential’s warning, Bitcoin's overall trajectory remains positive, with many anticipating a new leg up in the ongoing bull run.
🚀 Final Thoughts
While the TD Sequential’s sell signal suggests a potential short-term pullback, experts like Martinez believe this is just a brief correction before higher price levels. Investors should keep an eye on the charts, but there is still optimism that Bitcoin will continue its upward march in the near future.
📈 Stay tuned for further updates on Bitcoin’s price action and market developments!
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In a surprising move, the U.S. Securities and Exchange Commission (SEC) submitted an objection to the Ripple and XRP case, but not in the way many expected. The SEC's objection focused on certain aspects of the ruling, while notably accepting the court's decision regarding the sale of XRP to retail investors.
🔍 Key Points of the SEC Objection
1️⃣ The Court’s Request for Clarification
➔ The SEC stated that the court requested changes related to the summary judgment issued last year, leading to this new objection.
2️⃣ No Objection to Retail Sales of XRP
➔ Surprisingly, the SEC did not challenge the decision that XRP sales to small investors on exchanges are not considered securities.
3️⃣ Institutional Sales Targeted
➔ However, the SEC's objection did focus on Ripple’s institutional sales of XRP, claiming they should be classified as securities, along with personal sales by Ripple executives Brad Garlinghouse and Chris Larsen.
🏆 Ripple's Perceived Victory
Judge Torres’ Ruling
➔ Last July, Judge Analisa Torres ruled that XRP sales to small investors on exchanges did not meet the definition of a security, a decision celebrated as a win for Ripple in the crypto space.
➔ Institutional sales, however, were considered securities, leading to mixed reactions.
📝 SEC's Actions and Ripple’s Response
No Objection to Retail Sales Recognized
➔ Many expected the SEC to object to the decision on retail sales of XRP, but they did not. Ripple's legal counsel, Stuart Alderoty, tweeted:
➔ “No surprises. The court’s decision that XRP is not a security was not objected to. The ruling is officially recognized. Now, wait for our response.”
Focus of the Objection
➔ The SEC is pressing to reclassify Ripple's institutional sales and the personal sales by executives as securities, arguing that the court’s previous ruling should be overturned.
💼 Penalties and Consequences
$125 Million Fine
➔ Ripple has already faced a $125 million penalty for violating securities laws in connection with institutional XRP sales.
What’s Next?
➔ The legal battle continues, with Ripple preparing to appeal parts of the SEC's objection while celebrating the lack of action on retail sales.
🔮 Conclusion
The SEC's decision not to challenge the retail sale of XRP is a significant moment in the Ripple case. However, the fight continues over institutional sales and executive involvement. The next steps in this high-profile case could have lasting implications for crypto regulations in the U.S. and beyond.
Stay tuned for further updates as the legal drama unfolds!
#USRetailSalesBoost
#MemeCoinTrending #USStockEarningsSeason

Binance, one of the top cryptocurrency exchanges worldwide, frequently offers a 100 USDT welcome bonus to new users, providing an exciting opportunity to kickstart your trading experience. Here’s how you can claim this bonus and what you need to know:
💡 Steps to Claim the 100 USDT Bonus
1️⃣ Create Your Binance Account
➔ Sign up as a new user on the Binance platform.
2️⃣ Complete Identity Verification
➔ Submit the necessary documents to verify your identity. This ensures account security and compliance with regulations.
3️⃣ Deposit Funds
➔ Make an initial deposit of at least 100 USDT using any of the available payment methods.
4️⃣ Claim Your Bonus
➔ Once your deposit is processed, the 100 USDT bonus will automatically be added to your account.
📝 Important Terms & Conditions
The offer’s specifics can change, so always check Binance’s official website or support for the most up-to-date details.
There may be trading requirements or time limits attached to the bonus.
Certain restrictions may apply regarding withdrawals or usage of the bonus funds.
📌 Additional Tips for Maximizing Your Bonus
Read the Fine Print: Review all terms and conditions carefully to understand any limitations.
Watch Out for Fees: Be aware of the trading fees that apply to transactions on Binance, as they could affect your profits.
Explore Binance’s Tools: Take advantage of Binance's various features like spot trading, margin trading, futures, and staking to diversify your strategy.
🔔 Stay Informed
Since this offer may vary, it’s wise to regularly check Binance’s official website to stay updated on any changes. Get ready to begin your crypto journey with Binance’s 100 USDT bonus today!
💡 Tip: Act fast—these offers can be time-sensitive, so don’t miss out on this opportunity!
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Bitcoin's price could retrace to as low as $63,000 to clear out leveraged buyers who entered the market after BTC's recent rally. Several top crypto analysts have shared insights on this possibility, pointing to market conditions that could lead to such a pullback. Here are the key highlights:
📊 Key Insights & Predictions
Justin Bennett's Prediction:
➔ Analyst Justin Bennett warns that Bitcoin could dip to $63,000 to wipe out over-leveraged buyers following its recent surge.
➔ His analysis shows a rising wedge with bearish divergence, indicating a potential pullback.
➔ BTC’s recent pump was driven by the perpetual market, which Bennett suggests is not conducive for a sustainable breakout.
CrediBULL Crypto’s Warning:
➔ The Open Interest (OI) in Bitcoin has reached dangerous levels similar to those seen before the drop from $70,000 to $49,000.
➔ This spike in OI is a sign that a correction could be imminent, potentially pushing Bitcoin to $50,000 before a new all-time high (ATH).
Crypto Con's Bullish Outlook:
➔ Despite the possibility of short-term corrections, CryptoCon believes this could be the last leg of the bull run.
➔ BTC is unlikely to dip below $40,000 again, with new ATHs and a “year of great price action” expected for crypto.
➔ He predicts that Bitcoin could reach $120,000 next year, marking the top of the current cycle.
🏛 Bullish Expectations Amid Short-term Corrections
Matt Hougan's Short-term Target:
➔ Bitwise CIO Matt Hougan is confident Bitcoin will reach a new ATH before the US election, driven by factors such as the Spot Bitcoin ETFs, rate cuts, and growing whale demand.
Standard Chartered’s Forecast:
➔ Standard Chartered projects that Bitcoin will surpass $73,000 before the November 2024 elections.
🔮 Long-term Price Predictions
Real Vision's Jamie Coutts:
➔ Predicts Bitcoin could hit $110,000 between April and July 2025 as the global money supply increases to $500 trillion.
Six-Figure Targets:
➔ Both Hougan and other analysts foresee six-figure Bitcoin prices, driven by macroeconomic factors and institutional interest.
🔥 Conclusion:
The Bitcoin market remains highly volatile, with short-term retracements like a potential drop to $63,000 being part of the broader trajectory toward new all-time highs. Whether the dip materializes or not, experts agree that the long-term outlook remains bullish, with predictions of Bitcoin surpassing $100,000 in the coming years.
Stay vigilant and prepared as the bull market heats up!
#MemeCoinTrending #USRetailSalesBoost #USStockEarningsSeason

🔸 Memecoins: The Unbelievable Growth
Shiba Inu (SHIB) turned small investments into millions, skyrocketing by 8,000% in 2021.
Today, a new contender is emerging: RCO Finance (RCOF) – The ‘SHIB Killer’.
🔹 Why RCOF is the Next Big Thing
DeFi Meets TradFi: Unlike SHIB, RCOF integrates decentralized finance with traditional finance.
Real Utility: RCOF offers staking, lending, and liquidity solutions – making it more than just a meme.
🔸 AI-Powered Crypto Trading
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No Financial Advisors Needed: Take control of your investments with real-time data and machine learning.
🔹 Revolutionizing DeFi with RWA Tokenization
Tokenize Real-World Assets: Trade over 120,000 digital assets, including real estate, stocks, bonds, and precious metals.
Massive Growth Potential: The RWA tokenization market is estimated to hit $30 trillion by 2030.
🔸 Security & Privacy
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🔥 Seize This Early Opportunity!
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Be part of the DeFi revolution and capitalize on the next crypto giant! #USStockEarningsSeason #USRetailSalesBoost #SCRSpotTradingOnBinance

Bitcoin (BTC) has seen a 9% gain over the past week, trading at $68,388 and hitting a two-month high above $68,900. With several factors aligning, BTC could be on its way to a new all-time high (ATH). But the behavior of short-term holders may play a crucial role in how fast Bitcoin reaches $75,000.
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🔹 Short-Term Holders in Focus
📈 Highest Inflows: Traders holding Bitcoin for 1-3 months recorded the highest level of inflows as BTC approached $69,000.
💰 Profit-Taking Behavior: These short-term holders are booking profits, which could delay Bitcoin's ATH despite strong bullish trends.
🧮 Spent Output Profit Ratio (SOPR): This metric has been above 1 for over a week, suggesting traders are selling BTC at a profit.
🛑 Risk of Reversal: If the uptrend weakens, more selling could trigger a price reversal.
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🔹 Other Key Factors
🇺🇸 U.S. Elections: Market optimism is growing as investors anticipate the outcome of the U.S. elections and their impact on BTC.
💼 Spot Bitcoin ETFs: Inflows to Spot Bitcoin exchange-traded funds (ETFs) are providing additional bullish momentum.
📊 Break-even Point: Around 1.9 million addresses bought BTC between $66,900 and $69,200, and many are at a break-even point, which could cause further selling once BTC turns profitable.
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🔹 Technical Indicators Supporting a Bullish Trend
📈 Relative Strength Index (RSI): RSI at 68 shows strong buying pressure and higher highs, signaling a bullish uptrend.
📊 On-Balance Volume (OBV): The OBV is trending upwards, indicating capital inflows into Bitcoin, further reinforcing the bullish sentiment.
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🔹 BTC Resistance and Support Levels
🚀 If Bitcoin breaks $69,000, the next key resistance level would be $75,250, forming a new ATH.
📉 However, if profit-taking continues, BTC could test support at the 0.618 Fibonacci level ($65,130).
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🔹 Market Sentiment
📊 Coinglass Data: Shows 60% of open positions are short sellers betting on a failed uptrend, reflecting cautious market sentiment despite the bullish momentum.
---
Bitcoin's journey to $75,000 depends heavily on the behavior of short-term holders and overall market conditions. With strong technical indicators and market optimism, BTC could see further gains—but traders should keep an eye on key resistance levels and profit-taking activities.
#USRetailSalesBoost #MemeCoinTrending #BTCSoarsTo68K

Several cryptocurrencies saw impressive gains this week, outpacing the inconsistent movements observed in the second week. The biggest movers include Dogecoin (DOGE), Worldcoin (WLD), and Ethena (ENA). Here’s a breakdown of their performance and key drivers:
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🔹 Dogecoin (DOGE)
Price Increase: +31.60%
🐋 Crypto whale activity: Major accumulation boosted buying pressure.
🤝 Elon Musk's Influence: Musk hinted at a Department of Government Efficiency (D.O.G.E) under Trump’s administration, leading to a price surge.
📈 Technical breakout: DOGE surged from a descending triangle pattern, signaling bullish momentum.
Future Potential: If momentum continues, price could hit $0.17 or even $0.20. However, profit-taking could lead to a decline to $0.12.
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🔹 Worldcoin (WLD)
Price Increase: +27.30%
🌍 Rebranding: Worldcoin rebranded to “World” and launched a Layer-2 protocol, World Chain.
🛡 Strong support: Bulls defended the $2.10 level, boosting investor confidence.
📊 RSI momentum: A rising RSI reflects bullish momentum.
Resistance & Potential: If WLD breaks $2.95, it could surge to $4.94. Otherwise, a pullback below $2 is possible.
---
🔹 Ethena (ENA)
Price Increase: +24.30%
🔥 USDe Launch: The launch of a synthetic-dollar protocol, USDe, on the Solana blockchain drove ENA’s rally.
⚙️ Bullish MACD: The MACD indicator turned positive, signaling upward price momentum.
Future Potential: If momentum continues, ENA could reach $0.70. However, resistance at $0.50 may halt its rise, risking a drop to $0.35.
---
These altcoins demonstrated strong performance this week, with significant factors driving their growth. However, traders should watch for key resistance levels and potential profit-taking that could alter the bullish outlook.
#MemeCoinTrending #BinanceLabsInvestsLombard #BTCSoarsTo68K

/Solana Struggles To Break $160 Resistance As Top Analyst Predicts…
SOLUSD+0.27%SOLUSDT+0.36%
Solana (SOL) has been experiencing significant volatility and choppy price action since Monday, testing a crucial supply level that will determine its direction in the coming weeks. As the market continues to push higher, most analysts and investors are anticipating a potential surge for SOL, especially with the $160 resistance level appearing to weaken under recent upward pressure. 
The crypto community is closely watching these developments, as breaking through this key resistance could lead to substantial gains for the altcoin.
Top analyst and investor Carl Runefelt recently shared a technical analysis that paints an optimistic picture for Solana’s price action in the next few hours. According to Runefelt, the weakening resistance could pave the way for a breakout, with bullish momentum carrying SOL to higher targets. 
While the market remains volatile, confidence in Solana’s ability to overcome current challenges is growing. If the supply level is breached, it could mark the start of a new upward trend, making SOL a focal point for traders looking for opportunities in the current market landscape. 
The next few days will be critical in shaping Solana’s trajectory, as investors will closely monitor whether the price will confirm the anticipated rally.
Solana Bullish Pattern Signals Momentum
The entire crypto market is experiencing heightened volatility, and Solana has not been immune to it, with its price fluctuating between $148 and $160 since Monday. This consolidation phase has left traders eager to see which direction the altcoin will take in the coming days.
Runefelt recently shared a technical analysis on X, highlighting that Solana is breaking out of a 1-hour Falling Wedge pattern, a bullish signal.

The immediate upside target is $159.6, a level that, if broken and sustained, could lead to a massive surge toward $185—a significant move that would position Solana near its yearly highs.
Despite this bullish setup, the market remains cautious, and there is still the risk that Solana could fail to reclaim key levels. If the price struggles to break and hold above the $159.6 resistance, the current consolidation could persist or even lead to a potential pullback, with downside targets near $148. Such a scenario would disappoint bulls looking for a rally and could dampen market sentiment temporarily.
A confirmed breakout and sustained momentum could signal the beginning of a new bullish phase, attracting both retail and institutional investors. 
However, the risk of a failed breakout looms, keeping market participants on edge. Traders are watching closely as Solana’s next move will likely set the tone for its performance over the next few weeks. If it breaks through resistance, SOL could be well on its way to challenging yearly highs.
Technical Levels To Watch
Solana is currently trading at $154 after finding support at the 200-day moving average (MA) at $150.7, a critical level that signals long-term strength if it holds as a demand zone. This MA has historically acted as a key indicator for market trends, and holding above it would reinforce the bullish outlook for SOL.

For bulls to maintain momentum, the price must stay above the 200-day MA and push to break the crucial $160 resistance, a level that has capped Solana’s upward movement since early August. Breaking through this resistance would signal a potential surge in price, opening the door to further gains in the coming weeks.
However, if SOL fails to hold above the 200-day MA and cannot overcome the $160 resistance, it risks a corrective move. A drop below the 1D 200 MA could lead to a decline toward $140, a level that will play a pivotal role in determining the next phase of Solana’s price action. 
Bulls and bears alike are closely watching these key levels, as the next move could set the tone for Solana’s performance in the near term.
#MemeCoinTrending #USStockEarningsSeason #USRetailSalesBoost

In a stunning revelation that rocked financial markets, Elon Musk has issued a stark warning about the looming bankruptcy of the Federal Reserve, forecasting that $500 billion could vanish in just three weeks without swift intervention. Let’s dive into the details and what this means for the economy and investors.

🔶 Musk's Alarming Prediction

Tesla’s billionaire visionary, Elon Musk, is no stranger to making waves, and this latest declaration raises major red flags for the U.S. economy.

His concerns stem from rising inflation, soaring interest rates, and increasing market instability, signaling a potential crisis if the Fed doesn't act fast.

Musk's claim about a potential Federal Reserve bankruptcy underscores growing skepticism about the central bank’s ability to handle the current economic storm.

🔶 What Does the Federal Reserve Do?

The Federal Reserve plays a critical role in maintaining economic stability by managing monetary policy and adjusting interest rates.

With inflation rising, the Fed has responded with aggressive rate hikes, but this could risk pushing the economy into a recession.

Musk’s warning highlights the delicate line the Fed must walk as debt climbs and consumer confidence weakens.

🔶 What Would a Federal Reserve Bankruptcy Mean?

While the idea of the Federal Reserve going bankrupt seems extreme, a loss of confidence in the institution could have devastating effects.

Consequences could include:

Skyrocketing interest rates

Plummeting stock prices

Severe economic slowdown

If the Fed fails, the fallout could mirror the 2008 financial crisis, with devastating effects across stocks, real estate, consumer spending, and corporate investments.

🔶 How Investors Are Reacting

Investors are reacting with caution, watching the Fed’s every move as Musk’s warning adds to market anxiety.

Many are reassessing their portfolios and looking for ways to protect their wealth in these volatile times. Key strategies include:

Diversification: Spreading investments across different sectors, such as utilities or consumer staples, which tend to perform better in downturns.

Alternative assets like cryptocurrency and gold are also gaining attention as potential hedges against inflation and economic chaos.

🔶 Final Thoughts: Facing the Unknown

While Elon Musk’s warning may seem dramatic, it reflects a growing sentiment of unease in today’s market. The economic landscape is shifting, and the risks are real.

Investors should stay vigilant and adaptable, preparing for the unexpected by proactively managing their portfolios and considering defensive measures.

Musk's message is clear: in an unpredictable financial world, the unthinkable can quickly become reality. 🌪️

🔔 Stay informed—the road ahead could be turbulent,
But with the right strategies, you can navigate through! 💹
#BTCSoarsTo68K #MemeCoinTrending #USStockEarningsSeason

As Bitcoin edges closer to the $70,000 mark, top investors are shifting their focus to select altcoins, signaling major moves ahead! 💹💰 Here’s a breakdown of the top 5 tokens that whales are accumulating, and why you should keep an eye on them. 👇
🌟 1. ZDEX Presale: Dominating the DeFi Market of 2025 ZDEX powers ZircuitDEX, a cutting-edge decentralized exchange on the lightning-fast Zircuit Layer 2 blockchain.
🚀 Instant swaps with nearly zero slippage.
📉 Fees so low they make your last coffee seem expensive!
🔒 ZK-proof security—like locking your assets in a vault.
💧 Boosts capital efficiency by 500x over current DEXs.
🎯 Automated gains for investors and meme coin launchpad access.
💥 Why Now? ZDEX tokens are priced at $0.0017, offering potential 1,000% returns before the next major crypto rally! 🔥 This DeFi powerhouse could redefine capital management. 💎
💵 2. Ethena (ENA): Synthetic Dollar & Internet Bond on Ethereum Ethena offers a synthetic dollar protocol on Ethereum, creating a decentralized savings solution.
📈 Stability without relying on traditional banking systems.
🌍 Financial inclusion—anyone can access dollar-denominated savings.
🏦 Why It Stands Out: Ethena is perfect for those seeking stability during uncertain market conditions.
⚡ 3. Stacks (STX): Unleashing Bitcoin’s Full Power Stacks enables smart contracts and decentralized applications (dApps) on Bitcoin.
🛡️ Uses Bitcoin’s secure network for all transactions.
🔗 Taps into $500B in BTC capital, driving innovation in DeFi.
🔮 Game Changer: With Proof of Transfer consensus, Stacks could unlock Bitcoin’s true potential in decentralized finance. 🌐💸
🌍 4. Worldcoin (WLD): Redefining Digital Identity Worldcoin is creating unique digital identities using AI and biometrics, with a mission for global inclusion.
👁️ Eye-scanning for secure identity verification.
🎯 A fixed supply of 10 billion WLD tokens, valued at $3 billion.
🤖 Co-founded by Sam Altman, positioning it as a strong player in the crypto space.
📢 Why It Matters: Despite privacy concerns, Worldcoin’s vision of a universal digital identity could lead to widespread adoption. 🌐🛡️
⚡ 5. Fantom (FTM): Transforming DeFi with Speed Fantom is reshaping decentralized finance with its Lachesis consensus, capable of processing transactions in under 2 seconds.
🚀 Thousands of transactions per second with near-zero fees.
🔗 Ethereum-compatible—easy app migration.
📈 Growth Potential: Fantom’s focus on scalability and decentralization positions it for major traction in the current market. 🌍🔒
🎯 Conclusion: ZDEX Leads the Charge While ENA, STX, WLD, and FTM offer strong long-term potential, ZDEX with its 500x capital efficiency, zero slippage, and meme coin launchpad is the standout for high returns. 🏆📊
🔥 Don’t miss out on the ZDEX token presale—with potential 500% returns upon launch, this is your chance to get in on the next big crypto trend! 🚀💹
🔔 Follow us for updates on these altcoins and expert market insights. Stay ahead of the curve and ride the next wave in crypto! 🌊💎
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The stakes are high on Polymarket, as whales are placing massive bets, with amounts ranging from $500k to $1 million pouring in for Trump’s victory. One high-roller has gone all-in with a jaw-dropping $20 million wager on Donald Trump, making waves and skewing market sentiment.
💰 Market Impact:
🔹 These huge wagers have shifted the odds, positioning Trump as the clear favorite on Polymarket.
🔹 The influx of big-money bets has led to significant changes, but do they reflect reality?
📊 Polling Tells a Different Story:
Harris leads the latest polls with 49.7% over Trump’s 47.3%.
Could these massive bets be distorting the real picture? The contrast between market odds and polling data raises important questions.
⚡ What’s Next?
While big bets can move markets, the true outcome remains uncertain. Will these whales be right, or are the odds being artificially skewed? Only time will tell, but this is a market shift you can't afford to ignore!
Stay tuned as this unfolds!
#MemeCoinTrending #GrayscaleConsiders35Cryptos #USRetailSalesBoost

Today, Russian President Vladimir Putin shared an important announcement regarding the future of digital currencies and BRICS economic collaboration, during a press conference held just before the upcoming BRICS Summit.
🔑 Key Highlights:
🔹 Proposal for Digital Currencies in Investments
Russia plans to propose the use of digital currencies in the investment processes within BRICS. This innovative move aims to strengthen economic ties among member countries and support broader economic growth.
🔹 Creating Non-Inflationary Instruments
Putin emphasized that they are working on an instrument for digital currency use that will align with the interests of BRICS countries and other developing economies. The goal is to develop a non-inflationary solution that will have practical benefits for all participants.
🔹 Consultations with BRICS Partners
Ongoing talks are taking place with key BRICS members, including China, India, Brazil, and South Africa. Putin mentioned, "We are moving forward slowly," signaling that collaboration among the countries is in progress to fine-tune this proposal.
🔹 Fixed Coins and Independent Payment Systems
Russian Deputy Finance Minister Sergei Ryabkov discussed the possibility of fixed coin payments within BRICS, while Putin reaffirmed that work is underway on an independent payment system for international trade.
🔹 BRICS Expansion: New Members Welcome
Putin concluded by reiterating that "Our door is open to new members," with countries like Turkey expressing interest in joining. The current BRICS Union includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
🏛️ A Strategic Move for Global Economic Influence:
The use of digital currencies within BRICS could mark a pivotal shift in global finance, creating a more efficient, inclusive, and decentralized approach to investment. This proposal could significantly strengthen the alliance and expand its reach to other developing economies, with implications for the global financial system.
Stay tuned for further developments from the BRICS Summit, starting on October 22!