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Get the latest updates from Guy straight to your Telegram 📲 Includes: - Guy's trades 📈 - Portfolio updates ⚖️ - announcement of video's in the pipeline and coin's on our watchlist 👀 - guy.eth
https://youtu.be/uBVOFNYufCQ?si=DS3oKl-jQo5z-m38
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🔔 MARKET MOVING NEWS! (19/11/24)
1️⃣ Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins 🚀
Netherlands-based fintech firm Quantoz has announced the launch of two regulatory-compliant stablecoins pegged to the euro (EURQ) and U.S. dollar (USDQ) on the Ethereum blockchain. The firm claims that it is regulated and licensed by the Dutch Central Bank as an Electronic Money Institution, and that the stablecoins are fully backed by fiat and "highly liquid financial instruments" like government bonds. Notably, Quantoz has secured investments from venture capital firm Fabric Ventures, crypto exchange Kraken and stablecoin behemoth Tether.
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2️⃣ Crypto Lender Polter Finance Halts Operations After $12M Hack 💥
DeFi lending and borrowing platform Polter Finance has reportedly paused its operations and involved law enforcement after a hack drained $12 million worth of assets on the Fantom blockchain deposited in the platform. According to Web3 security firm TenArmor, the hacker executed a flash loan attack on its newly launched SpookySwap (BOO) market. The protocol investigated the stolen funds and traced them to wallets on the crypto exchange Binance.
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3️⃣ Goldman Sachs Prepares To Spinout Digital Assets Business 🔍
According to a Bloomberg report, investment banking giant Goldman Sachs is speaking with potential partners about spinning out its digital-assets platform into a new company focused on creating and trading financial instruments on blockchain networks. Tradeweb Markets, an electronic trading platform, will reportedly be among the new entity’s strategic partners. The report also notes that Goldman Sachs’ long term goal is to execute the spin-out within the next 12 to 18 months, subject to regulatory approvals.
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4️⃣ Heather 'Razzlekhan' Morgan Sentenced To 18 Months For Role in Bitfinex Heist 🔒
A federal courthouse in Washington, D.C. has reportedly sentenced Heather Morgan (aka "Razzlekhan") to 18 months in prison for her role in the Bitfinex crypto exchange hack. This follows Morgan's husband, Ilya "Dutch" Lichtenstein’s sentencing last week. Lichtenstein received a sentence of five years in prison for his role in the crime. Prosecutors reportedly recommended a shorter sentence than Lichtenstein's due to Morgan’s smaller role in the money laundering conspiracy.
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5️⃣ MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Expand Bitcoin Holdings 💸
Business intelligence firm MicroStrategy has announced plans to raise $1.75 billion from senior convertible notes at a 0% interest rate to buy more BTC for “general corporate purposes.” The zero-interest senior notes will mature in 2029 and be offered to qualified institutional buyers. MicroStrategy could buy another 19,065 BTC at current prices if it were to spend the entire $1.75 billion on the asset.
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6️⃣ Binance Clarifies 'Rewards-Bearing' BFUSD Asset Is Not a Stablecoin ❓
Crypto exchange Binance announced the upcoming launch of an asset named ‘BFUSD’ on Monday. Notably, many X users noted that the asset’s description resembled a high-yield stablecoin similar to Terraform Lab’s failed algorithmic stablecoin. However, the 0crypto exchange has clarified that the asset, which will pay a 19.55% annual percentage yield, is not a stablecoin despite the "USD" suffix in its name.
It stated,
BFUSD is not yet launched. To be clear, it is not a stablecoin but a reward-bearing margin asset for futures trading.
Apologies for the audio issues during our livestream. We'll be back next week with a banger! 🔥
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🔔 MARKET MOVING NEWS! (17/11/24)
1️⃣ DeFi Protocol Thala Recovers $25 Million Following Successful Hacker Negotiation ☄️
Aptos-based DeFi protocol Thala has reportedly recovered the $25.5 million in tokens that a hacker stole from its liquidity pools on Friday. The protocol worked with theft recovery groups SEAL 911 and Ogle Security Group to negotiate a bug bounty with the hacker. Specifically, the hacker appears to have agreed to a $300,000 bug bounty in exchange for the return of funds.
A member of SEAL 911 said the recovery was surprisingly straightforward after the group made contact with the hacker. He stated,
[SEAL 911] identified the white hat hacker within minutes (i.e. name, location etc.) due to obvious onchain links. Fortunately, the white hat hacker reached out themselves a little bit later and returned the funds minus a bounty themselves. It was a very easy win in that case, since no real negotiation was needed.
[I]n light of relevant precedents in the courts, it is substantially likely these spot commodity ETF shares would be held to be securities. Therefore, DCR’s position is the listing of these shares on SEC-registered national securities exchanges does not implicate the CFTC’s jurisdiction, and therefore, the clearing of these options by OCC would be undertaken in its capacity as a registered clearing agency subject to SEC oversight.
Next Week in Crypto: Key Events to Watch (Nov 18th -24th, 2024) 🗓
Next week is filled with a variety of events, ranging from token unlocks to US economic data—here’s what to keep on your radar:
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🔐 November 18 – AVAX Token Unlock
Avalanche (AVAX) will unlock 1.67 million tokens, worth approximately $57 million, representing 0.41% of its total supply.
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💎 November 19 – Bitwise Aptos Staking ETP Launch
Bitwise is set to launch the first-ever Aptos Staking ETP (APTB) on the SIX Swiss Exchange, providing European investors access to staked Aptos (APT). The ETP is physically backed and stakes the underlying APT to generate a yield of approximately 4.7%.
This marks Bitwise's second staking ETP, following its Ethereum offering, and underscores the growing interest in Aptos from institutional and retail investors alike.
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🔐 November 20 – ENA Token Unlock
Ethena (ENA) is scheduled to unlock 12.86 million tokens, valued at approximately $7 million, representing 0.45% of its total supply.
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📊 November 21 – Initial Jobless Claims (US)
With last week’s CPI proving to be sticky and Fed Chair Jerome Powell stating that the Fed does not need to be "in a hurry" to reduce interest rates, the odds of a December rate cut have shifted, increasing the likelihood of a pause.
While several data points between now and then will shape the Fed's decision, one key indicator to watch is the weekly Jobless Claims data, which has been trending downward in recent weeks. If this trend continues, it would signal strength in the job market, reinforcing the likelihood of a pause in December. This could be interpreted as bearish for markets, though jobless claims alone are not a strong enough indicator to determine the December rate outlook.
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That’s all for this week’s action! Be sure to keep an eye on these events, and we’ll be back with more updates in the next week’s roundup.
🚨New Video Alert!!🚨
Michael Saylor is one of Bitcoin’s most prominent figures. He’s well known for being one of the most bullish people in the world - possibly even Bitcoin’s biggest permabull. His company, Microstrategy, has just completed yet another massive purchase of BTC, bringing its total holdings to 279,420 BTC. Who knows, that number could be even higher by the time this goes out.
Recently, MicroStrategy announced a major part of its roadmap to expand its massive BTC reserve, and to say this is a bullish development would be an understatement. The so-called “21/21 Plan” could be a key catalyst to push up not only its MSTR stock price, but also the price of BTC. You might recall that this is exactly what happened back in 2020.
Today, we’ll give you the latest news from MicroStrategy, and tell you what this could mean for both MSTR and BTC.
Enjoy!!
https://youtu.be/TKgoim2WlS8?si=myxQA7Twd6usQ58f
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🔔 MARKET MOVING NEWS! (15/11/24)
1️⃣ Crypto Dad Giancarlo Denies SEC Job Rumours: 'I’ve Already Cleaned Up Gensler Mess' ☄️
Chris Giancarlo, the former chair of the United States Commodity Futures Trading Commission (CFTC), has dismissed speculation in a recent X post that he is being considered to replace Gary Gensler as head of the Securities and Exchange Commission (SEC). He also refuted rumours that claimed he was seeking “some crypto role” within the U.S. Treasury Department.
Giancarlo’s tweet reads,
As for reports that I’m in [the] mix to run [SEC], I’ve made clear that I’ve already cleaned up an earlier Gary Gensler['s] mess. [I] Don’t want to have to do it again. DC rumours that I’m interested in some #crypto role [at] USTreasury are also wrong.
I am pleased to announce that Jay Clayton, of New York, the Chairman of the U.S. Securities and Exchange Commission during my first term, where he did an incredible job, is hereby nominated to be the U.S. Attorney for the Southern District of New York. Jay is a highly respected business leader, counsel and public servant […] Jay is going to be a strong Fighter for the Truth as we Make America Great Again.
https://youtu.be/arhfVava8fY?si=g1UtJgIgP_ff2gXJ
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🔔 MARKET MOVING NEWS! (14/11/24)
1️⃣ Polymarket Investigated by DOJ for Allegedly Letting US Users Bet on Platform ▶️
According to a Bloomberg report, crypto predictions market platform Polymarket is being investigated by the US Justice Department for allegedly accepting trades from US-based users. The report states that federal law enforcement officials raided the home of Polymarket CEO Shayne Coplan and seized his phone and electronics. A spokesperson for the company reportedly described Coplan as a victim of "political retribution" who was being targeted after Polymarket “correctly called the 2024 presidential election.”
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2️⃣ Body Of Abducted Crypto Influencer Found In Montreal Park ❓
According to local media reports, the dead body of Kevin Mirshahi, a crypto influencer who was abducted from a condo in June, was found at a park in Montreal, Canada. The 25-year-old influencer had been missing since he was abducted along with three others from a condo in the city on June 21. While the others had returned the next day unharmed, Mirshahi remained missing. The police arrested Joanie Lepage, a 32-year-old woman, in August for her suspected role in the kidnappings as well as the death of Mirshahi. At the time of his disappearance, Mirshahi ran a crypto investment scheme called Crypto Paradise Island. This group was implicated in a pump and dump scheme involving a token called Marsan ($MRS) that saw its 2,300 members lose thousands of dollars.
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3️⃣ Republicans Claim Victory in the House Boosting Hopes of Pro-Crypto Shift 🔼
The Republican Party has reportedly secured a majority in the U.S. House of Representatives. According to The Associated Press, Republicans secured a majority of 218 members while Democrats held onto 208 seats. This establishes a Republican trifecta, having already won the White House with Donald Trump's reelection, and flipping several Senate seats for a majority in the chamber of Congress during last week's election. This has raised optimism, where crypto participants anticipate a friendlier regulatory environment under the new administration.
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4️⃣ Bengali Man Arrested In Connection With $235M WazirX Crypto Heist 🔍
Indian law enforcement reportedly had a breakthrough in the investigation of a $235 million hack on the Indian cryptocurrency exchange WazirX. According to reports, authorities have arrested a man from the Bengal region on suspicion of being involved in the theft. The police chargesheet claims that the breach didn’t arise from internal system vulnerabilities and was instead executed through a fake account sold via Telegram to a third party. This was reportedly confirmed by the Indian Cyber Crime Coordination Centre (IFSO), offering validation of the exchange’s security measures which had faced scrutiny.
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5️⃣ Phantom Warns iOS Users Of Wallet 'App Resets' After Update, Urges Recovery Phrase Backup ‼️
In a message posted to its social media channels, Solana wallet service Phantom alerted users that some are experiencing “app resets.” The issue appears to be isolated to the iOS version of the application. Phantom advised affected users to restore their wallets using their recovery phrase. It also claims to have pushed out an update to “prevent this from affecting any additional users.”
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6️⃣ BlackRock Expands Tokenised Fund BUIDL Beyond Ethereum to 5 New Blockchains ☄️
Asset manager BlackRock has announced that it is increasing accessibility for the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) - its tokenized real-world asset fund issued in partnership with tokenisation platform Securitize. It stated that BUIDL, which launched on Ethereum in March, is now accessible on the Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet and Polygon networks.
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https://youtu.be/LINIpvUsb58?si=7RDc-StlOb13erg7
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https://youtu.be/nUwab4F2sWQ?si=jRGXEyFSreduqILU
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The League’s proposal also recommends the establishment of a permanent working group consisting of crypto firms and consumer associations to educate investors on digital assets.
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🚨 New Video Alert!! 🚨
Is the US planning a strategic Bitcoin reserve?
Just a few weeks ago it was a very long shot. But now the president-elect is a crypto activist, all bets are off, and nothing is far fetched any more. But will he or won’t he? And should we be excited or concerned?
Join us as we find out about US reserve assets past and present - plus, how BTC might be their future.
🔥 Rally Report 🔥
HEDERA
The price of HBAR has rallied by 27% in the past 24 hours.
WHY?!
❓ The rally appears to follow a recent announcement made on Swiss national television. The announcement claims tech company WISeKey in partnership with SpaceX is launching a satellite powered by Hedera hashgraph technology in January.
👀 Another possible factor behind the pump is the recent rumour that Hedera Foundation board member and former Binance US CEO Brian Brooks is a candidate to replace outgoing SEC Chair Gary Gensler.
If you want to buy or trade HBAR, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔔 MARKET MOVING NEWS! (18/11/24)
1️⃣ Polymarket Bettors See Lutnick as Treasury Secretary Favourite After Musk Endorsement 📊
The odds of Cantor Fitzgerald CEO Howard Lutnick becoming Trump’s pick for Treasury Secretary have reportedly increased on the predictions market platform Polymarket. This follows Elon Musk's recent endorsement of Lutnick on X. Notably, Lutnick is an outspoken Bitcoin advocate whose company serves as a custodian for billions of dollars worth of Tether's reserves.
The New York Times reported that several leading crypto executives have been in contact with Trump's transition team, likely lobbying for Lutnick's appointment. This includes the likes of Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, and executives at Circle. While Lutnick currently has the edge with 49% odds on Polymarket, American investor and hedge fund manager Scott Bessent trails close behind at 45%.
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2️⃣ Senator Lummis Says Treasury Should Convert Gold For Bitcoin Reserve 🔍
According to a Bloomberg report, Republican Senator Cynthia Lummis of Wyoming is advocating for the United States Treasury Department to establish a Bitcoin strategic reserve by converting a portion of its gold holdings into BTC. Lummis claimed that by converting gold certificates held by the US Treasury into BTC, the immediate effect on the US government's balance sheet would remain "neutral," as opposed to spending approximately $90 billion to purchase the Bitcoin at current market prices. This is part of the Strategic Bitcoin Reserve bill that Senator Lummis introduced to the Senate. However, the report notes that market watchers believe Lummis’ bill, which currently has no co-sponsors, faces an uphill battle. Predictions platform Polymarket currently shows a 31% probability that Trump will create a Bitcoin reserve.
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3️⃣ Starknet To 4X TPS Within 3 Months 🔼
At the DevCon 2024 conference held in Bangkok last week, StarkWare CEO Eli Ben Sasson told Cointelegraph that he expects transaction speed on the firm’s Ethereum layer 2 Starknet to increase four-fold while fees fall “5x” over the next three months. Specifically, he claimed the network improvements will mostly come from “better compilation and faster execution” on Starknet’s native smart contract language 'Cairo.' This could see it competing with the likes of Solana as it would see Starknet cross the 1000 transactions per second (TPS) milestone - Solana typically processes a non-vote TPS between 800 to 1050.
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4️⃣ Solana-Based DApps Rake In Record Fees as Memecoin Frenzy Returns 💰
According to a recent X post from DeFi commentator Patrick Scott, who cited DefiLlama data, five out of the top 10 protocols by fees in the last 24 hours were on Solana. The data shows that on Nov 17th, Solana-based AMM Raydium notched a record $11.31 million in fees, the liquid staking protocol Jito saw its third-highest day of fees at $9.87 million and the memecoin launchpad pump.fun saw its seventh-highest day of earnings, netting $1.65 million in fees. The record fees for several Solana protocols come amid a frenzy of speculation on memecoins and a major price move for SOL itself, which pushed to its highest price of $242 since November 2021.
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5️⃣ Polish Presidential Candidate Pledges Support For Strategic Bitcoin Reserve 💸
Polish Presidential candidate Sławomir Mentzen has reportedly promised to create a Bitcoin reserve if he wins next year’s election. Mentzen also reiterated this promise in a post on X that claims Poland will become more crypto-friendly if he becomes president.
The X post reads,
If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators. BTC to the Moon.
🚨 New Video Alert!! 🚨
He calls himself The Tariff Man.
But will working people in the US learn to love import taxes as much as Donald Trump?
Join us as we dig deep into the President-elect’s plan to impose yuge tariffs on foreign goods entering the United States. Will they make America finally be great again? Tune in to find out.
🔥 Rally Report 🔥
BONK
The price of BONK has rallied by 26% in the past 24 hours.
WHY?!
❓ The rally appears to be led by speculation that BONK could be the next dog-themed memecoin to see massive inflows following the recent highs set by DOGE. Notably, traders also seem to view BONK as a beta play to Solana’s rising popularity.
📈 BONK has also been seeing rising trading volumes on popular centralised exchanges like Coinbase and Binance. In the past 24 hours, the memecoin recorded a trading volume of $384 million on Coinbase, this is higher than what was seen for DOGE, PEPE, SHIB and WIF on the exchange.
If you want to buy or trade BONK, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
https://youtu.be/ZE4oKhuh1Cc?si=JvNcEWqPR_XJwQld
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🔔 MARKET MOVING NEWS! (16/11/24)
1️⃣ Ethena Adopts Fee-Sharing Proposal For ENA Token 🔼
The Ethena Foundation’s risk committee has reportedly approved Wintermute's proposal to share a portion of the DeFi protocol’s revenues with token holders.
The Foundation stated,
The Ethena Foundation is pleased to share that the Wintermute proposal to enable an ENA fee switch has been approved by the Risk Committee. The Foundation will be working with the Risk Committee to crystallize parameters for fee switch activation by 30th November, with precise implementation mechanics to follow.
The HKMA is concerned that such claims by these firms mislead consumers to believe they are licensed banks in Hong Kong and are under the HKMA’s supervision, and such products and services are provided by licensed banks in Hong Kong. Such acts may constitute a contravention of the Banking Ordinance.
Inflation has impacted Pennsylvania’s purchasing power by nearly 20 percent over the past 4 years, and we need solutions that can offer stability in uncertain economic times. Bitcoin, which has appreciated significantly over the years, can help Pennsylvania keep pace with inflation and economic change.
📢 New Video Alert on Coin Bureau Trading! 📢
Are we in one of the biggest bull traps yet? And where is Bitcoin heading this weekend?
Mariano just dropped another banger on the Coin Bureau Trading channel.
This you need to watch! 👇
📢 New Video Alert on Coin Bureau Trading! 📢
Hey, everyone! Aaron just dropped a must-watch video on taking profits in crypto trading. If you’ve been wondering when and how to secure your gains, this video is an absolute game-changer.
Whether you're new to trading or a seasoned pro, make sure to check it out before making your next move. And don't forget to subscribe to the channel so you never miss these crucial insights! 👇
🔥 Rally Report 🔥
XRP
The price of XRP has rallied by 15% in the past 24 hours.
WHY?!
❓ The rally follows crypto exchange Robinhood’s decision to relist XRP on the platform.
‼️ The relisting of XRP comes as the regulatory winds blow in favour of digital assets in the U.S. Notably, a group of state attorneys general and the DeFi Education Fund sued the U.S. Securities and Exchange Commission and its five commissioners yesterday. They alleged the agency was overstepping its bounds in bringing enforcement actions against crypto exchanges.
If you want to buy or trade XRP, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
The Treasury Department is reportedly targeting Tether, the issuer of the USDT stablecoin. This could be catastrophic for the crypto markets, because almost everything trades against USDT.
Of course, the Treasury Department doesn’t like the fact that it can’t control stablecoins like USDT, and in a summary of a recent presentation, it revealed that it wants to replace stablecoins with CBDCs.
This begs the question of what could happen to the crypto market if there was a Tether crackdown. Today’s video has the answers. Spoiler alert: Tether could in fact be too big to fail. Enjoy!
🔥 Rally Report 🔥
PEPE
The price of PEPE has rallied by 76% in the past 24 hours.
WHY?!
📈 The rally comes after crypto exchange platforms Robinhood and Coinbase announced the listing of PEPE
⚡️ This marks the first time PEPE is tradeable on major U.S. exchanges. The announcement also seems to have reignited a broader rally for memecoins, with many debating if this could be proof of a memecoin super cycle.
If you want to buy or trade PEPE, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
Nic sat down with Alexei Zamyatin, Co-founder of BOB. Build on Bitcoin (BOB) is a first-of-its-kind hybrid Layer-2 powered by Bitcoin and Ethereum.
Tune in for this insightful conversation on the potential of Bitcoin L2s. Don't miss it. 👇
🚨 New Video Alert!! 🚨
Venture Capitalists (VCs) are a huge part of growing the crypto industry, whether we like it or not. Their investments are often the lifeblood needed to kickstart brand new crypto projects that could have the innovative tech to completely reshape the space.
The problem is, VCs don’t seem to be anywhere near as engaged with the crypto industry as they have been in the past. In fact, this could be part of the reason why the markets seem to have struggled to do… well, anything really.
To get a sense of what’s going on, Galaxy Digital have released their Q3 report that breaks down recent VC activity in crypto. Today, we’ll break this report down for you, tell you what this means for crypto, and why this could be more bullish than you might think.
🔔 MARKET MOVING NEWS! (13/11/24)
1️⃣ Trump Confirms ‘DOGE’ Efficiency Dept. Will Be Led By Elon Musk And Vivek Ramaswamy 🐶
U.S. President-elect Donald Trump has announced the appointment of Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy to lead the new administration’s Department of Government Efficiency (aka D.O.G.E.). Following the announcement, Musk claimed all actions of the agency "will be posted online for maximum transparency."
Trump wrote,
Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.
STXN is like a time machine because it allows us to guarantee the future when it comes to smart contracts. It allows us to travel backward in time as well, in the sense that Ethereum smart contracts are no longer limited by what was known at the time they were written. We believe this is an important solution to the tension between flexibility and immutability when it comes to blockchains.