Olivia Brooke

As the Presidential election campaign draws near, the future of cryptocurrency has become a major topic of conversation amongst crypto users, investors, and executives. The progress of the crypto industry in the United States could be determined by the incoming president’s outlook on crypto.

Mt. Gox, a defunct crypto exchange, was spotted moving $9.62 billion worth of Bitcoin into a new wallet. This action has raised hopes among its creditors for potential repayments.

The apex cryptocurrency remains in view, with analysts and investors fixating on price movements. Interestingly, Bitcoin at $100,000 is a hot conversation among market participants.

Ripple President Monica Long has reaffirmed the idea of an XRP exchange-traded fund (ETF). In a recent interview, Long told CNBC reporters that an XRP ETF would be a sensible initiative.

Tether CEO Paolo Ardoino recently referred to Bitcoin as the only true decentralized cryptocurrency, lauding its uniqueness and consistency.

On June 25th, dog-themed memecoin Shiba Inu (SHIB) witnessed a significant increase in its intraday token burn rate, triggering a spike in transactions, according to IntoTheBlock data. The blockchain analytics firm attributed this twofold surge in burn rate to large transactions worth over $100,000 conducted by whale traders even as SHIB Army continues to bank on the $0.001 SHIB price dream.

After notable resistance from previous years, the new year launched Spot-based Bitcoin ETFs into the U.S. market. As a result, a handful of ETFs have been filed, approved, and gone live. While most ETFs are tied to leading cryptocurrencies, alternative tokens seem to be gaining traction as investor demand continues to soar.

The SEC vs. Ripple lawsuit has continued for a notable period, with the progression of the case resulting in both parties experiencing upsides and downsides, courtesy of the court’s ruling.

Polkadot’s native token DOT has been making strides since the start of the year, and the altcoin has positioned itself to soar to new levels. As displayed by notable indicators, the altcoin is well on its way to tapping a new price month soon.

For many crypto assets to survive, they must have fundamentally solid offerings to increase global interest and usher in investors. This is similar to the case of MATIC, a notable cryptocurrency asset tied to its blockchain, Polygon.