Algorand

Foundation

Donald Trump

<ul class="list-ic vertical">
 <li><span>1</span> <a>This week, the Anticipated Ethereum ETF was approved, and Kabosu, the beloved face of Dogecoin, passed away, leaving a legacy of joy and love.</a></li>
 <li><span>2</span> <a>Donald Trump announced the acceptance of cryptocurrency donations for his presidential campaign.</a></li>
 <li><span>3</span> <a>Algorand Foundation releases a controversial ad targeting Bitcoin, Ethereum, and Solana.</a></li>
</ul>
<p>This week, several significant events occurred in the crypto landscape. Firstly, there was much anticipation surrounding the approval of the Ethereum ETF, which finally came to fruition. However, there was also sad news with the passing of Kabosu, the famous dog associated with Dogecoin.</p>
<p>Additionally, Donald Trump made headlines by accepting cryptocurrency as a donation. Furthermore, Algorand made waves with a provocative advertisement that took a jab at Bitcoin, Ethereum, and other cryptocurrencies.</p>
<h2 class="wp-block-heading" id="strong-ethereum-etf-triumph-strong"><strong>Ethereum ETF Triumph</strong></h2>
<p>The Securities and Exchange Commission (SEC) has approved eight Ethereum (ETH) of ETF issuers, including BlackRock, Fidelity, and Grayscale. The approved ETFs will soon be available on CBOE, NYSE ARCA, and NASDAQ exchanges.&nbsp;</p>
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  <p lang="en" dir="ltr">SEC: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> “The Ethereum ETF is approved.”<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Maxi’s: <a href="https://t.co/YsqJe1keH3" rel="noopener noreferrer nofollow">pic.twitter.com/YsqJe1keH3</a></p>— Vivek <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Vivek4real_) <a href="https://twitter.com/Vivek4real_/status/1793719166115238064?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 23, 2024</a>
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<p>However, the approval of the 19b-4 form is just the initial stage, and the next step involves getting the S-1 forms approved to begin trading. The approval of the spot ETH ETF has led to celebrations in the crypto community, with many attributing the decision to political pressure and upcoming elections.&nbsp;</p>
<p>The approval has caused excitement and optimism in the crypto industry, with influencers and analysts expressing their views on the significance of the ETH ETF approval.</p>
<h3 class="wp-block-heading" id="strong-dogecoin-s-heartfelt-loss-strong"><strong>Dogecoin’s Heartfelt Loss</strong></h3>
<p>On May 24, 2024, the official dogecoin handle on X posted the sad news that Kabosu had passed away. The post mentioned that Kabosu, a beloved dog and inspiration to the community, passed away peacefully in the arms of her person.</p>
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Today Kabosu, our community's shared friend and inspiration, peacefully passed in the arms of her person. The impact this one dog has made across the world is immeasurable. <br><br>She was a being who knew only happiness and limitless love. <br><br>Please keep her spirit and her family in…</p>— Dogecoin (@dogecoin) <a href="https://twitter.com/dogecoin/status/1793896242168107279?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 24, 2024</a>
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<p>The post also emphasized<a href="https://www.thecoinrepublic.com/2022/12/27/the-viral-doge-meme-is-not-healthy/" target="_blank" rel="noopener noreferrer nofollow"> Kabosu’s</a> immeasurable impact on the world and her legacy of happiness and love. The community was encouraged to keep Kabosu’s spirit and her family in their hearts and carry her with them as their own stories continue.</p>
<h3 class="wp-block-heading" id="strong-trump-embraces-crypto-donations-strong"><strong>Trump Embraces Crypto Donations</strong></h3>
<p>This week, it was announced that Donald Trump will accept a wide range of cryptocurrency donations for his presidential campaign. This decision can potentially impact the US market and the perception of cryptocurrencies within the country.</p>
<p>The announcement highlights Trump’s endorsement of digital assets, including meme-based cryptocurrencies such as Dogecoin and Shiba Inu, as well as his efforts to establish a more favorable regulatory environment for crypto-related businesses.</p>
<p>The increasing influence of cryptocurrency in the US financial market, the potential effects of Trump’s support on adopting digital assets, and the formulation of clearer policies for crypto investments are being closely observed.</p>
<h3 class="wp-block-heading" id="strong-algorand-s-bold-advertisement-strong"><strong>Algorand’s Bold Advertisement</strong></h3>
<p>The Algorand Foundation released an ad criticizing Bitcoin, Ethereum, and Solana for being slow, expensive, and prone to failure. The ad showcased Algorand as a faster and more efficient alternative for payments. The ad received mixed reactions, with some criticizing the negative marketing approach and others applauding it.&nbsp;</p>
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  <p lang="pt" dir="ltr">Algorand delivers <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1faf3.png" alt="🫳" class="wp-smiley" style="height: 1em; max-height: 1em;"><br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3a4.png" alt="🎤" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/pArmbljevE" rel="noopener noreferrer nofollow">https://t.co/pArmbljevE</a></p>— Algorand Foundation <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f40d.png" alt="🐍" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@AlgoFoundation) <a href="https://twitter.com/AlgoFoundation/status/1793629711555494378?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 23, 2024</a>
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<p>Despite the ad’s controversial nature, Algorand’s total value locked (TVL) remains significantly lower than Ethereum and Solana. Algorand’s native token, ALGO, experienced a 2% decrease and is currently 95% down from its 2019 all-time high.</p>

Crypto This Week: A Week of Highs, Lows, and Political Moves

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Thecoinrepublic.com

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