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Notcoin $NOT has burned $3 million worth of its tokens and announced new community-driven tokenomics. This initiative includes a $4.2 million incentive plan for Gold and Platinum users on the #Notcoin Explore platform. The token burn is part of Notcoin's strategy to reduce supply, increase scarcity, and enhance value for its users, aligning with their broader efforts to benefit community members.
#Binance has banned hundreds of accounts involved in the #Lista Megadrop event due to fraudulent activities. The exchange identified and froze accounts suspected of manipulating the #airdrop system by creating multiple accounts and consolidating rewards into single accounts. Binance's risk control measures detected these actions, leading to the crackdown. The recovered funds will be redistributed to genuine users. Binance emphasized its commitment to maintaining a fair platform and invited wrongly flagged users to appeal.
🚨 JUST IN: #Binance secures a #VASP license from Dubai's Virtual Assets Regulatory Authority (VARA) for Binance FZE! UAE residents will transition accounts from Binance Global to Binance FZE, updating KYC info by 2024-12-15.
📈 Ethereum’s deflationary hopes are fading as it experiences its longest inflationary period since transitioning to PoS. Over 112,000 $ETH has been added since mid-April, largely due to EIP-4844's impact on L2 networks.
🔴 A donation of 8 $BTC , worth nearly the entire fundraising goal of $520,000, has been made to cover Julian Assange's jet and recovery costs. This single donation surpasses all other contributions combined, according to Daniel Sempere Pico.
🚨 JUST IN: The #German Government transferred again 750 $BTC ($46.35M), including 250 $BTC ($15.41M) to Bitstamp and Kraken. Currently, the country holds 45,609 $BTC ($2.81B).
$BTC has not yet recovered to 62k and is trading around 61.5k, up by 0.7%. $NOT , $ENS, $STX, and $WIF are up by 7%-10%. $PENDLE, $ZRO, $LDO, and $NEAR are trading down by 4%-5%.
The German government recently sold 400 #Bitcoin on exchanges Kraken and Coinbase, contributing to Bitcoin's price drop to around $60,000. This action is part of a larger sell-off, following a previous offload of over 1,700 $BTC worth $110 million. The government still holds approximately $2.8 billion in Bitcoin. This sell-off, combined with other market activities, has significantly impacted Bitcoin's
Whales of Pepe and Shiba Inu #memecoins made significant deposits, totaling $26 million, into the #Binance exchange. A Shiba Inu whale deposited over 1 trillion $SHIB tokens, while a Pepe whale deposited 700 billion $PEPE tokens. Despite the large deposits, the overall market trend for these tokens remains bearish, with recent data showing higher outflows than inflows for both tokens
🔍 Bitget's June Proof-of-Reserves (PoR) reveals a 46% surge in user assets for #Ethereum Bitget's PoR details: $BTC : 294% reserve ratio $ETH : 169% reserve ratio $USDT: 103% reserve ratio $USDC : 662% Total: $2.9B
Why is the #Bitcoin price down? 🤔 ➔ Germany is selling 400 $BTC , worth $27M. ➔ Outflows from spot Bitcoin ETFs reached $1.3 billion over the last two weeks. ➔ #MtGox announced plans to distribute $9 billion worth of $BTC and $BCH
📊 #Bitcoin and other cryptos showed mixed performance early Tuesday following Monday's selloff. $BTC is down 2% over the past 24 hours to $60,900, rebounding from a brief dip below $60,000. Altcoins were mostly up, with $SOL gaining 9.2%, $ADA up 4.0%, and $DOGE rising 3.0%.
📚 A survey by Nomura found that over half of Japanese investment managers plan to invest in #digitalassets within three years. The study showed 54% intended to invest in crypto, with 62% viewing it as a diversification opportunity. Preferred allocation was 2%-5% of AUM.
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#Metaplanet Inc., a Japanese investment firm, has authorized the purchase of ¥1 billion ($6.3 million) worth of $BTC using proceeds from an upcoming bond issuance. The company's board of directors unanimously agreed to this decision, aiming to bolster their #Bitcoin holdings to hedge against economic instability and the declining value of the yen. This move follows a previous purchase, bringing their total Bitcoin investment to over $15 million. The announcement led to a 12.2% rise in Metaplanet's stock price.
Over the past week, nearly $10 billion exited Solana's market capitalization, dropping from $67.69 billion to $57.97 billion. This significant decline coincides with a generally #bearish sentiment in the crypto market, a decrease in on-chain activity on the #Solana network, and stagnant demand from derivatives traders. Additionally, warnings about potential scams involving fake celebrity accounts promoting Solana addresses have contributed to the market's cautious stance.