Hakan Ateşler 
The failure of the assassination attempt against Donald Trump has made the names around him even more ambitious. While the Winklevoss twins donated $250,000 each to a committee set up for Trump, Elon Musk is reported to donate $45 million.
The failure of the assassination attempt on Donald Trump caused Bitcoin to rise over the weekend, while the largest cryptocurrency first exceeded $60,000 in the evening and reached $63,000 this morning. It is noteworthy that Bill Ackman and Elon Musk, the heavyweights of the US business world, said they would support Trump with their tweets many times yesterday.
While the weekend attack on US presidential candidate Donald Trump made him even stronger in the presidential race, there was a huge increase in meme coins issued on the Trump name. A whale, who made a huge profit on the Trump tokens he bought last year, realised his 15-fold profit and earned millions of dollars.
1000 BTC came out of the wallet, where no transaction was made for 12 years. The current value of the assets, which was $12,000 at the time of purchase, is over $60 million.
It was stated that some companies may be exempt from SAB 121, which was enacted by the SEC in March 2022 and is stated to put great obstacles for institutions to store cryptocurrencies. An SEC executive noted that they can provide this exemption to companies that comply with the necessary procedures and provide assurances.
While the cryptocurrency world is wondering if the declines will continue, Matt Hougan, a manager at Bitwise, one of the companies that also has a Bitcoin Spot ETF product, described what has happened as a “strange period”, said that the long-term trend is good and that he thinks bitcoin will exceed $100,000 by the end of the year.
Whales’ interest in the tokens of the Ethereum ecosystem continues as time is running out for Ether spot ETFs, whose 19b-4 files were approved by the SEC in May but have not yet been opened for trading despite more than 1 month. Two whales made a huge purchase of 7 altcoins on the Binance exchange.
The wallet, which is affiliated with the German state, started Friday morning fast. The Germans sent 2700 BTC worth $155 million to exchanges and market maker companies.
On-chain platform CryptoQuant CEO Ki Young Ju claimed yesterday that Justin Sun opened a long position of $420 million on the day Bitcoin was $67,000. Young Ju, who asked where the collateral here was found, later deleted the tweet, while harsh allegations about Sun came from Adam Cochran, another analyst. Cochran stated that Sun manages the HTX exchange almost FTX-style and that many figures and explanations are unreliable.
While positive US inflation figures failed to spark a Bitcoin rally, analysts at CryptoQuant said that short-term investors, rather than the German government’s sell-off, have had an impact on recent declines.