Coinedition
The Kenya Revenue Authority (KRA) obtained $77.5 million in crypto tax for 2023-2024. KRA Chairman acknowledged the Kenyan crypto market’s first contribution to the national tax basket. The authority plans to collect a whopping $465 million in taxes from the crypto sector.
Ethereum’s dominance is fueled by regulatory advantages and its adaptability, according to Adam Cochran. Ethereum’s capital edge makes it the leading choice for developers and businesses. Regulatory shifts could further boost Ethereum’s role in decentralized finance.
Donald Trump won the U.S. presidential election on Wednesday, November 5, 2024. Bitcoin surged above $75,000, establishing a new all-time high. Trump’s election victory triggered FOMO among crypto users.
The crypto market turned bullish following Donald Trump’s victory. Crypto analysts believe the altcoin market has flipped into positive mode. The altcoin market cap broke above crucial resistance last Wednesday.
XRP has dropped by more than 18% since November 2023. In the past year, Bitcoin has skyrocketed 114.46%, outperforming XRP. Lawyer cited the SEC’s lawsuit against Ripple as the reason for XRP’s poor performance.
Runestone founder Leonidas wrote an open letter to crypto exchange Coinbase. Leonidas questioned the status of an application for the listing of DOG meme coin. Leonidas asked Coinbase to put in place an “equitable listing process.”
Dogecoin’s 6.75% drop signals cautious sentiment amid high trading volume. Shiba Inu and Dogwifhat show price dips, driven by cautious investor sentiment. Popcat shows stability with minimal decline, indicating potential consolidation.
Rune Christensen suggests a Trump victory could spur DeFi growth by easing U.S. regulatory uncertainties. Christensen is reportedly considering a rebrand of Sky Protocol back to Maker, following community feedback. MakerDAO announces a $1 billion investment in tokenized U.S. Treasuries to enhance its financial foundation.
Trump’s World Liberty Financial purchases $250K worth of ONDO, triggering a 16% price surge. The investment was made via CowSwap, boosting $COW token prices by 52%. The portfolio diversifies with LINK, AAVE, ENA, and ONDO focusing on DeFi and RWA tokens.
SUI surges to new high near three-dollar mark, showing strong market interest and volume. Analyst sees bullish Elliott Wave pattern, with potential for further upward movement soon. Positive MACD and high RSI signal strong buying momentum, affirming a bullish trend for SUI.
