Warren’s Crypto Crusade Meets Million-Dollar Opposition

Brad Garlinghouse, the CEO of Ripple, emphasized the importance of supporting crypto-friendly political candidates in a recent Bloomberg Crypto interview. 📺

He specifically called out Senator Elizabeth Warren’s anti-crypto legislation, which the Digital Chamber of Commerce has labeled “unworkable.” XRP attorney John Deaton has even launched a campaign against Warren, criticizing her for inefficacy and political posturing at the expense of Massachusetts’ interests.

This move comes as crypto exchanges, like Coinbase ($COIN), dial back on direct advertisements, focusing instead on enlightening leaders about crypto’s potential. Garlinghouse critiqued the general misunderstanding of crypto among politicians, pointing out the unfounded criticisms. With Ripple ($XRP), Andreessen Horowitz, and Coinbase pooling $25 million for the cause, the initiative aims to foster a regulatory environment conducive to crypto. 🗣️

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Crypto News In 3 Sentences – March 07, 2024

🔮 “Rich Dad Poor Dad” author Robert Kiyosaki forecasts Bitcoin hitting $300K by 2024: Citing the cryptocurrency’s rally past $69,000 following the introduction of spot Bitcoin ETFs and despite the recent 10% dip, Kiyosaki remains steadfast, advocating for investment in Bitcoin and praising its performance against the US dollar. Kiyosaki highlights its role against central banks and its potential to bring integrity back to money. Read it at Benzinga

🚫 Warren Buffett reaffirms his critical view of cryptocurrency, dubbing Bitcoin “rat poison squared”: The grumpy old man also said he wouldn’t spend $25 for all the Bitcoin in the world. Despite Bitcoin’s increasing acceptance, Buffett’s stance has been unwavering, viewing cryptocurrency as speculative and without tangible value. Yahoo! News has more

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Technically Speaking – March 5, 2024

Well, like I said, this isn’t a fun Litepaper. Instead of finding wen-Moon or wen-Lambo, we will be looking for wen-bottom. 💔

I’ll keep it short and sweet, quickly identifying where analysts and traders see strong support levels ahead.

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One Way To Use Stocktwits’ Social Data Tools

Have you ever heard the phrase ‘volume precedes price’? It’s an old-school technical analysis 101 maxim. For example, if an instrument is in a downtrend but then you start to see volume tick up, the theory is that price will follow the volume. 🧑‍🎓

It’s what technical analysts call a leading indicator—a heads-up or a warning that the probability of change is high and that it might happen soon. Analysts and traders might apply that principle (volume precedes price) to the Stocktwits Social Data. 

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