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Chainlink (LINK) Whales Boost Holdings Amid Price Drop
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Elon Musk Wins Dogecoin Lawsuit Dismissal
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Elon Musk Wins Dogecoin Lawsuit Dismissal AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online The legal conflict surrounding Elon Musk and Dogecoin has come to a close, with investors deciding to drop their claims. The case, which raised accusations of fraudulent practices related to the cryptocurrency, was dismissed earlier this year by a federal judge. What Were the Accusations Against Musk? Claims were made that Musk’s activities on Twitter and public statements artificially boosted Dogecoin’s price. However, U.S. District Judge Alvin Hellerstein ruled on August 29 that Musk’s comments did not amount to securities fraud. “Referring to Dogecoin as ‘the currency of the future’ cannot be classified as market manipulation.” What Are the Implications of the Case Dismissal? Recently, the investors retracted their appeals and motions for sanctions against Musk’s legal representatives. In turn, Musk and Tesla also withdrew their sanctions motion against the investor’s attorney, leading to a settlement in the Manhattan federal court. “The dismissal of the case shows the process concluded justly,” stated an investor representative. This resolution marks the end of a prolonged legal challenge. Initially seeking $258 billion in damages, investors retracted their demands following the court’s findings. Musk’s assertion that Dogecoin was “the currency of the future” became a focal point in discussions but was deemed legally harmless by the judge. – The withdrawal of claims indicates a trend towards resolving similar disputes amicably. – Regulatory developments may discourage future lawsuits related to cryptocurrency. – Previous suggestions implied such legal actions were unlikely to succeed against Musk, a notion supported by the dismissal. #Dogecoin #ElonMusk #DOGE #CryptoNews $DOGE $BTC $SOL
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Cardano (ADA), Ripple (XRP) Defy Market Sentiment With Double-Digit Price Surges: Details
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Cardano (ADA), Ripple (XRP) Defy Market Sentiment With Double-Digit Price Surges: Details AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online Most of the cryptocurrency market is in the red today, charting some price losses after the recent massive rallies. BTC fell below $90,000 and even briefly dipped beneath $87,000, ETH is down to just over $3,000, while DOGE and SHIB have plummeted by 5-8%. Two of the top ten largest cryptocurrencies have defied this trend – Ripple’s XRP and Cardano’s ADA. Both assets are up by double digits on a daily scale. XRP Taps $0.9 CryptoPotato reported yesterday’s price surge from XRP, which drove it from $0.7 to over $0.8 for the first time in almost a year and a half. The most probable reason seemed to be related to the current SEC chair, Gary Gensler, and the growing number of rumors that he will step down from his position soon. Although such confirmation has not been published yet, XRP’s price has continued to gain traction in the past day, unlike the rest of the market. The token spiked above $0.9 earlier today, marking a new 16-month peak. Despite retracing slightly since then, Ripple’s token is still 22% up on the day and 60% within the past week. Its market cap has skyrocketed to over $50 billion and has narrowed the gap to Dogecoin’s $53 billion. At the same time, Santiment reported earlier that many Ripple whales have begun accumulating again, which has propelled their combined holdings to nearly 46 billion tokens. This is a six and a half year peak for this metric. In terms of XRP’s future price actions, CryptoBull told his 145k followers that the asset has broken out of a large symmetrical triangle and could skyrocket to as high as $23 by the end of January if history is to repeat. #ADA #XRP #Altcoins #CryptoNews $ADA $XRP $BTC
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Elon Musk reminds Americans that all government spending comes from their taxes as national debt keeps skyrocketing AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online Elon Musk dropped a financial truth bomb recently, saying all government spending is taxation. Whether it’s drained directly through income taxes or silently stolen via inflation, taxpayers are footing the bill. This statement came in response to Dogecoin creator Billy Markus, who warned about the government overspending by $2 trillion annually for eight straight years. Markus said: “Any company that ran like that would fail. Any person that lived like that would be beyond bankrupt.” Elon agreed, calling out the real cost of Washington’s spending spree. Now the man has more than just words to offer. With Donald Trump getting back in the Oval, Elon has been named co-head of the new Department of Government Efficiency (D.O.G.E) alongside biotech investor Vivek Ramaswamy. His mission? Slash federal spending by $2 trillion. That’s nearly 30% of the government’s total $6.75 trillion budget from the 2023 fiscal year. If Elon’s Twitter layoffs are anything to go by, we’re in for a brutal teardown of waste and inefficiency. The U.S. budget: A house of cards Breaking down the U.S. government’s budget makes Elon’s goal look like trying to move a mountain. Let’s start with the $880 billion spent on interest payments for the national debt. That’s 13% of the total budget and completely untouchable unless the government wants to default. Social Security, a sacred cow in American politics, eats up $1.46 trillion—22% of total spending—making it another no-go zone for cuts. Add Medicare, the lifeline for seniors, to the mix, and most of the federal budget is locked down in mandatory expenses. #ElonMusk #USA #market #CryptoNews
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