This weekend was a busy one in the cryptocurrency space. From SpaceX’s massive Bitcoin write-down to revelations about former President Donald Trump’s Ethereum stash, the crypto world was abuzz with activity. Here are the top stories that shaped the weekend.
SpaceX’s Bitcoin Move
Aerospace giant SpaceX, led by Elon Musk, has written off its entire Bitcoin holdings for a large sum of $373 million. This decision comes days after Musk’s endorsements of various cryptocurrencies, including Dogecoin.
Trump’s Ethereum Holdings
Former President Donald Trump reportedly holds a significant amount of Ethereum, valued between $250,000 and $500,000. This follows Trump’s previous skepticism of cryptocurrencies.
Pompliano’s Bullish Bitcoin Prediction
Prominent crypto investor Anthony Pompliano is still bullish on Bitcoin, despite its current price being more than 50% below its all-time high. He believes that the crypto industry is resilient and sees a bright future for Bitcoin.
Floki’s Admiration for Fellow Meme Coins
Cryptocurrency FLOKI has expressed admiration for fellow meme coins Dogecoin and Shiba Inu. The coin, inspired by a tweet from Elon Musk, has seen considerable growth since its launch and has partnered with Musk’s brother, Kimbal Musk, on the Million Gardens Movement.
Mysterious Shiba Inu Whale Activity
A mysterious whale recently moved a massive amount of Shiba Inu tokens, equivalent to approximately $40.7 million. This comes shortly after the launch of Shiba Inu’s Layer 2 scaling solution, Shibarium.
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