Features News Today TheBitTimes.Com

Former Coinbase executive Balaji Srinivasan thinks Trump should consider airdropping his newly launched official memecoin to his supporters. Srinivasan tells his 1.1 million followers on the social media platform X that Trump is “now strongly incentivized to legalize cryptocurrency in the most aggressive way possible.” But he also argues there’s an “alignment problem” with the new TRUMP coin. “As context: the CEO of a company is typically one of the largest shareholders, but he is aligned with all his employees because they hold the same shares. All holders rise and fall as one, ideally. By analogy, you would ideally want the President to be aligned with his citizens, such that they all held (say) USA coin, which gave some dividend from the profits of the USA. Kind of like the Alaska Permanent Fund. So, one way of solving the alignment problem would be for Trump to airdrop some TRUMP to every US citizen. However, it might be e...

A closely followed crypto strategist believes that one decentralized finance (DeFi) altcoin is gearing up for “explosive” rallies. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that the native token for lending platform Aave (AAVE) could soon spark another leg up after trading in a range for weeks. “AAVE’s true move coming again soon. I caught it [on September 8th] but am out (just as a scalp). I think a more explosive move is going to come though…lots of compression. Of course, we need BTC to play nice first but eyes on AAVE.” Source: Altcoin Sherpa/X AAVE is trading for $137 at time of writing, up more than 11% in the last 24 hours. Next up, the analyst says he is turning bullish on Solana (SOL) competitor Sui (SUI). He says that SUI may dip to the Fibonacci retracement level at $0.87, presenting a good entry point for bulls. “$0.87 would be a good entry for SUI.”...