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Top crypto news of the day **1. SEC's Bitcoin ETF Update Deadline Looms:** The U.S. Securities and Exchange Commission (SEC) has set today as the deadline for investment firms to update their applications for spot Bitcoin exchange-traded funds (ETFs). The agency has been reviewing these applications for several months, and a decision is expected soon. **2. Solana Trader Hits $2M Jackpot:** A Solana trader has become an overnight millionaire after his $62 investment in the Solana memecoin Silly Dragon surged to $2 million in value. The trader's winnings come as the broader cryptocurrency market has been on a rollercoaster ride in recent months. **3. Invesco Galaxy, Bitwise, WisdomTree, Fidelity Join BTC ETF Revision Rush:** Several major investment firms are joining the rush to revise their applications for spot Bitcoin ETFs in light of the SEC's looming decision. These firms include Invesco Galaxy, Bitwise, WisdomTree, and Fidelity. **4. US Judge Sides with SEC in Terraform Labs Case over Unregistered Securities:** A U.S. federal judge has sided with the U.S. Securities and Exchange Commission (SEC) over accusations that Terraform Labs and Do Kwon sold unregistered securities in connection with the TerraUSD (UST) stablecoin. **5. Trader Hits $2M Jackpot after Putting $62 into a Solana Memecoin:** A Solana trader has hit the jackpot after putting just $62 into a Solana memecoin called Silly Dragon. The trader's investment soared to $2 million in value after Silly Dragon's price skyrocketed. **6. Nvidia Releases Special Chip for China, US Export Control Compliant:** Nvidia has released a special chip for the Chinese market that is compliant with U.S. export control regulations. The chip, which is based on its Grace CPU Superchip architecture, is designed for use in artificial intelligence and data center applications.

Top crypto news of the day

**1. SEC's Bitcoin ETF Update Deadline Looms:** The U.S. Securities and Exchange Commission (SEC) has set today as the deadline for investment firms to update their applications for spot Bitcoin exchange-traded funds (ETFs). The agency has been reviewing these applications for several months, and a decision is expected soon.

**2. Solana Trader Hits $2M Jackpot:** A Solana trader has become an overnight millionaire after his $62 investment in the Solana memecoin Silly Dragon surged to $2 million in value. The trader's winnings come as the broader cryptocurrency market has been on a rollercoaster ride in recent months.

**3. Invesco Galaxy, Bitwise, WisdomTree, Fidelity Join BTC ETF Revision Rush:** Several major investment firms are joining the rush to revise their applications for spot Bitcoin ETFs in light of the SEC's looming decision. These firms include Invesco Galaxy, Bitwise, WisdomTree, and Fidelity.

**4. US Judge Sides with SEC in Terraform Labs Case over Unregistered Securities:** A U.S. federal judge has sided with the U.S. Securities and Exchange Commission (SEC) over accusations that Terraform Labs and Do Kwon sold unregistered securities in connection with the TerraUSD (UST) stablecoin.

**5. Trader Hits $2M Jackpot after Putting $62 into a Solana Memecoin:** A Solana trader has hit the jackpot after putting just $62 into a Solana memecoin called Silly Dragon. The trader's investment soared to $2 million in value after Silly Dragon's price skyrocketed.

**6. Nvidia Releases Special Chip for China, US Export Control Compliant:** Nvidia has released a special chip for the Chinese market that is compliant with U.S. export control regulations. The chip, which is based on its Grace CPU Superchip architecture, is designed for use in artificial intelligence and data center applications.

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$PEPE Here's a breakdown of the information about PEPE's price, focusing on what's important: The Bad News Price Drop: The price of PEPE has decreased by 7.66% in the last week. It's down a further 16.09% from its 7-day high.Low Trading Activity: People aren't buying and selling PEPE much. Trading volumes are down 87.22%, which usually means less demand and a negative effect on the price.Investors Pulling Out: There's a huge outflow of capital (around $4.42 trillion worth of PEPE). This suggests investors are losing faith in the token and are actively selling it off.Sell Orders Outweigh Buy Orders: More people want to sell PEPE than buy it, adding more downward pressure on the price. Mixed Signals Technicals Not Clear: Some indicators (MACD) are confusing, suggesting potential positive movement even as the price trends downward. This could mean more price drops are coming, or that a small reversal might be on the horizon.RSI Neutral: The RSI indicates neither a strong buying nor selling trend, but this doesn't align with what else is going on in the market. What Does It All Mean? Overall, things look very bad for PEPE at the moment. Here's why: The price is dropping significantlyLow trade volumes suggest a lack of strong interestInvestors are pulling their money out in a major way Other Considerations Meme Coin: PEPE is a meme cryptocurrency, meaning its value is largely driven by social media trends and hype rather than real-world utility.Market News: There seems to be a general downturn in the meme coin sector, and PEPE is getting caught in this wave. Important Reminders Market Volatility: Cryptocurrency prices are famous for changing rapidly.Not Financial Advice: Do your own careful research before investing. Should You Invest? Investing in PEPE right now appears highly risky. Unless you are a very experienced trader with a high-risk tolerance, it's likely best to stay away. Let me know if you have any other questions!
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Elon Musk's Stamp of Approval: Driving the Future of AI Crypto Ventures Renowned visionary and CEO of Tesla and SpaceX, Elon Musk, recently made waves by throwing his weight behind investments in cryptocurrency companies within the AI sector. This endorsement signals a pivotal moment in the tech landscape, given Musk's influential standing and his track record of championing transformative endeavors. Musk's endorsement stemmed from a lighthearted meme circulating on social media, showcasing the evolving preferences of venture capitalists. With a simple tweet confirming the meme's accuracy, Musk underscored his belief in the potential of AI crypto ventures. This public acknowledgment carries significant weight, given Musk's reputation for strategic investments and forward-thinking vision. The intersection of artificial intelligence and cryptocurrency offers a compelling frontier for innovation. As AI technology continues to progress, its applications in finance and blockchain technology are increasingly evident. Musk's support for investments in AI crypto companies reaffirms his confidence in the transformative impact of these emerging technologies on business and digital asset management. Furthermore, Musk's endorsement underscores the importance of collaboration and strategic partnerships in the tech realm. Throughout his career, Musk has stressed the value of alliances in propelling progress and innovation. By endorsing AI crypto ventures, Musk not only expresses his faith in their potential but also sets the stage for future collaborations and advancements in the field. In essence, Elon Musk's backing of AI crypto ventures signifies a significant milestone at the nexus of artificial intelligence and cryptocurrency. With his support, these ventures are poised to drive innovation and shape the technological landscape in profound ways. Follow | Like ❤️ | Share 🔄 | Comment
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