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1. **Declining NFT Theft:** The #NFT sector has experienced a decreasing trend in stolen value month-over-month, as reported by PeckShield, a #blockchain security company. 2. **Quick Resale on Blur:** The majority of stolen NFTs are rapidly sold on Blur, a prominent NFT #marketplace on #Ethereum, with around half of all stolen NFTs being resold within a short span of 165 minutes. 3. **Overall NFT Downtrend:** The NFT #market is witnessing a decline in various aspects, including volumes, trades, and unique traders. This decline in stolen NFT value aligns with the general decrease in interest and activity within the NFT space. $ETH

1. **Declining NFT Theft:** The #NFT sector has experienced a decreasing trend in stolen value month-over-month, as reported by PeckShield, a #blockchain security company.

2. **Quick Resale on Blur:** The majority of stolen NFTs are rapidly sold on Blur, a prominent NFT #marketplace on #Ethereum , with around half of all stolen NFTs being resold within a short span of 165 minutes.

3. **Overall NFT Downtrend:** The NFT #market is witnessing a decline in various aspects, including volumes, trades, and unique traders. This decline in stolen NFT value aligns with the general decrease in interest and activity within the NFT space.

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🎉 Big News for Crypto Enthusiasts! Binance Makes a Comeback in India’s $300 Billion Market 🎉 After a series of negotiations, Binance has finally got the green light from the Financial Intelligence Unit of India, marking its formal re-entry into the bustling Indian market. Hot on the heels of KuCoin, Binance is now the second international crypto exchange to get the nod from India’s anti-money laundering watchdog123. What’s Happening? Binance’s Registration: The crypto giant has completed its initial registration with the FIU, paving the way for its return to Indian shores1. KuCoin’s Lead: Earlier, KuCoin set the stage by getting registered after coughing up a fine of INR 3.45 million (about $41,303)1. BNB’s Dip: Amidst these developments, Binance’s native token, BNB, saw a slight dip of 1% this week. Inside Scoop: The FIU’s Stance: The FIU had previously put a halt on Binance and other exchanges for not playing by the local rules. Now, with formal registration, Binance is gearing up to serve Indian crypto traders once again1. Moneycontrol’s Report: According to Moneycontrol, Binance is all set to restart its operations in India following its registration with the FIU1. What’s the Buzz? Chainalysis’ Ranking: India’s crypto market is booming, with Chainalysis ranking it as the world’s second-largest, having acquired a whopping $300 billion in crypto between July 2022 and June 20231. So, crypto fans, gear up! Binance’s return could be a game-changer for the Indian market. Keep your eyes peeled for more updates as Binance gears up to support the crypto community in India. 🚀 #BTC #Binance #BNB $BNB #altcoins
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🚨 Hot Off the Press! President Biden Backs SEC Chair in Crypto Kerfuffle 🚨 President Joe Biden is standing firm with SEC Chairman Gary Gensler after the House voted to nix a major SEC rule on crypto accounting. The House said “aye” to Joint Resolution 109 with a 228-182 vote, aiming to ditch the SEC’s Staff Accounting Bulletin (SAB) 121. But, if it pops up on his desk, Biden’s got his veto pen ready to go. ✍️ What’s the Buzz? SAB 121 Lowdown: Kicked off in April 2022, SAB 121 tells crypto keepers to show what they owe and own for the digital dough they’re holding, to keep things safe and sound. House Resistance: Led by Rep. Mike Flood and pals, the opposition says SAB 121 skipped the usual rule-making chit-chat, questioning its fair play. Team Biden’s Play: The Biden squad is worried that clipping the SEC’s wings might shake up the financial scene, especially in the crypto corner. What’s Next? Senate Face-Off: The resolution’s off to the Senate next, and it’s gonna be a tough climb without friends from both parties. Veto on the Horizon?: With Biden hinting at a veto, the resolution’s fate is up in the air, showing just how much tug-of-war there is over who gets to call the shots in crypto land. Why It Matters? This twist in the tale is a big deal for the crypto world. It’s all about finding the sweet spot between fresh ideas and playing by the rules. As the drama unfolds, everyone from crypto buffs to big-time investors and rule-makers is keeping an eye out. Stay tuned, folks! We’ll keep you posted on this hot topic as we see how it plays out for the future of crypto rules. 📈🔍 #CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
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