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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
Multicoin partner Kyle Samani said that interoperability issues have a direct impact on Ethereum's price performance. Many users are frustrated with cross-chain operations. Vitalik needs to promote the establishment of an interoperability standard so that all Layer 2 projects can reach a consensus. — link
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Opinion: Travis Kling: Why Crypto is experiencing Pervasive Quiet Quitting
The crypto community has lost momentum, enthusiasm, and faith in the potential of crypto projects to solve real-world problems and gain widespread adoption. VCs continue to sell off projects that have no use to retail investors at huge profits. Bitcoin and stablecoins have found their niche, while other cryptocurrencies are lost in the ocean. Read more — link
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Catizen, a TON mini-game invested by Binance, claims to have 34 million users in the six months since its launch and to be ranked first in revenue among all Telegram applications, with 800,000 paying users and an ARPPU of $33. The above data may be mainly driven by the volume of airdrops. — link
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Justin Drake of the Ethereum Foundation said in an AMA that unless ETH actually becomes the programmable currency of the Internet, Ethereum cannot become the settlement layer of the value Internet. In addition, he believes that global lottery will become a readily available application on Ethereum based on verifiable randomness, with a commission close to free (the government usually takes 50%). — link
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Treasury Secretary Janet Yellen said that she believes the U.S. economy is healthy and that recent months of cooler jobs data is a signal of a soft landing, not a recession. Yellen said the U.S. is not seeing meaningful layoffs and the economy is “deep into a recovery.” — link
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JACK MALLERS: 🟠 Bitcoin is the exit door, a way to protect yourself from government-induced currency debasement." 💯
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🟠 Bitcoin will unite a deeply divided country - and eventually the world 🌎
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NFT marketplace Magic Eden’s daily volume has recently surged from $1 million to an average of $30 million, and peaked at $60 million. The surge in volume is related to Magic Eden’s upcoming utility token, ME. Magic Eden has an 80% market share in Bitcoin Ordinals and Runes trading. — link
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“The longest most honest decentralized and secure chain wins overtime.”
- Jeff Booth on #Bitcoin
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According to DLNEWS, Switzerland's fourth largest bank, Cantonal Bank Zurich (ZKB), announced the launch of cryptocurrency trading and storage services, supporting Bitcoin and Ethereum. The service has been integrated into ZKB's existing channels, including its electronic banking and mobile banking, and customers can conduct cryptocurrency transactions around the clock. — link
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On September 6, the total net outflow of Bitcoin spot ETFs was $170 million, and the net outflow continued for 8 consecutive days. Grayscale ETF GBTC outflowed $52.871 million, and Fidelity FBTC outflowed $85.52 million. Currently, the total net asset value of Bitcoin spot ETFs is $48.243 billion, falling below $50 billion. — link
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A New York judge partially agreed to Coinbase's request for the U.S. SEC to provide documents, ordering the SEC to hand over key documents such as internal memos related to the "Howey Test", but rejected the subpoena request for SEC Chairman Gary Gensler. — link
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JUST IN: 🟠 Bitcoin's hash rate hit a new ALL TIME HIGH 🚀
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Polymarket election market manipulated to push Trump odds downs: Polymarket
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WisdomTree Ethereum Trust files to withdraw registration statement — sec
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🟠 Giant #Bitcoin logo projected in the German Parliament 🇩🇪
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GREG FOSS: 🟠 “Bitcoin is being traded as a risk asset, when in fact #btc is “protection” or insurance.” 💪
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USDT issuer Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments into the agriculture and food sectors. Adecoagro is a major milk producer in Argentina and manages more than 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. — link
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The chairman of the Russian Industrial Mining Association said that miners based in Russia mined about 54,000 bitcoins (worth more than $3 billion) in 2023, generating about 50 billion rubles (about $556 million) in tax revenue for the Russian government. Russian President Vladimir Putin has just signed a law that will legalize cryptocurrency mining from November. — link
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The Penpie hacker has deposited the last 1,661 ETH into Tornado Cash today. This means that the $27 million in assets (about 11,261 ETH) stolen from Penpie by the Penpie hacker have all been transferred through Tornado. Penpie had earlier told the hacker that it was willing to negotiate a bounty to return the funds safely, offer the opportunity to become a white hat, and would not take any legal action. But the hacker seemed to ignore it. — link
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Friend.tech assigns 0x000 as admin and owner of contracts. Is this the end? - 𝕏/@friendtech
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🇩🇪 German parliament member Joana Cotar said "it is very important" that more german parliament members understand #Bitcoin.
Germany selling 50k #BTC "was something very, very upsetting." 👀
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FYI: 🟠 In terms of uptime, Bitcoin is already older than the stock market 🔥
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QCP: Nvidia (NVDA) continued to sell off, weighing down on broader US equities indices and crypto prices. Even as crypto gapped lower overnight, the options market was relatively calm. The desk even saw large put selling through the session. We are observing front-end vols drifting lower as spot consolidates into the weekend. — link
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Bitcoin technology company River predicts that in the next 18 months, about 10% of US companies will convert 1.5% of their cash reserves (about $10.35 billion) into Bitcoin. Traditional corporate financial strategies rely on cash and short-term equivalents, but often fail to outperform inflation. Since 2020, companies with 3% Bitcoin allocations have been able to better resist inflation. — link
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Rune 2 DECENTRALIZED, etched by Ethereum NFT project CyberKongz, released a final statement that it will completely decentralize DECENTRALIZED, the team will withdraw, and said that Rune 2 has been sent to the Satoshi wallet. The team said that it cost more than $1 million to etch Rune 2 and did not expect any return. DECENTRALIZED fell 25% in the past 24 hours. — link
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NEW: 🇩🇪 German Bundestag member Joana Cotar says, "#Bitcoin is freedom. It’s our chance to reclaim sovereignty." 👏
There might be hope for Germany after all!
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JUST IN: Peter Theil's Palantir $PLTR officially joins the S&P 500 Index.
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*WISDOMTREE ETHEREUM TRUST FILES TO WITHDRAW REGISTRATION STATEMENT
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