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🌱 ZetaChain, an L1 blockchain, dedicates 5% of its total supply to foster developer growth and support the DApp ecosystem. 🚀 Out of the total supply, 1% (21 million ZETA) is exclusively reserved for Bitcoin projects, marking the beginning of ZETA's Ecosystem Growth Fund distribution. 🔍 ZetaChain's development plan for Bitcoin projects targets three main areas: Bitcoin infrastructure, Bitcoin DeFi, and Bitcoin gaming and social applications. 💼 Applications for the Bitcoin project ecosystem development plan are now being accepted, signaling ZetaChain's commitment to nurturing innovation within the Bitcoin space. #ZetaChain #ZETA/USDT

🌱 ZetaChain, an L1 blockchain, dedicates 5% of its total supply to foster developer growth and support the DApp ecosystem.

🚀 Out of the total supply, 1% (21 million ZETA) is exclusively reserved for Bitcoin projects, marking the beginning of ZETA's Ecosystem Growth Fund distribution.

🔍 ZetaChain's development plan for Bitcoin projects targets three main areas: Bitcoin infrastructure, Bitcoin DeFi, and Bitcoin gaming and social applications.

💼 Applications for the Bitcoin project ecosystem development plan are now being accepted, signaling ZetaChain's commitment to nurturing innovation within the Bitcoin space.

#ZetaChain #ZETA/USDT

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🇮🇩 Indonesia's presidential election in February 2024 saw a victory for Prabowo Subianto and Gibran Rakabuming, perceived as supporters of the cryptocurrency industry. 📈 Key industry figures like Subani from CFX and William Sutanto of INDODAX anticipate positive impacts on the country's crypto sector under the new administration. 🔒 Subianto pledges to tighten regulations to combat tax evasion, while Rakabuming aims to cultivate blockchain expertise among the youth. 🤝 Both leaders are committed to fostering the cryptocurrency environment, with their intentions reaffirmed after being declared winners by the electoral commission on April 25. 💡 There's an expectation that the new government will uphold or improve existing crypto-friendly policies. 🚀 Sutanto highlights Rakabuming's potential to drive innovation in the blockchain and cryptocurrency sectors, given his appeal to the younger generation and strategic planning capabilities. 🌍 Indonesia, while not leading in transaction volumes, has witnessed significant growth in registered crypto users under President Joko Widodo, laying a promising groundwork for the new leadership to elevate the country's position in the regional crypto market. #CryptoNews #CryptoNews🚀🔥
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⚖️ Bitcoin investor Roger Ver faces extradition after being detained in Spain on tax fraud charges, as announced by the U.S. Department of Justice (DOJ). 💼 Ver, who became a citizen of St. Kitts and Nevis in 2014, is accused of evading taxes totaling $50 million while operating two American companies, MemoryDealers.com and Agilestar.com. 🔍 The DOJ alleges Ver failed to pay sufficient exit taxes on the capital gains from his assets, including approximately 131,000 bitcoins owned by him and his companies in 2014. 💰 By mid-2017, Ver's companies reportedly retained about 70,000 bitcoins, which he allegedly took control of and sold for around $240 million in November 2017. 📉 Ver is also accused of providing misleading information to a law firm, resulting in the filing of false tax returns that underreported the value of the bitcoins and his ownership of them. 🔍 This incident underscores the importance of transparency and compliance in handling cryptocurrency assets concerning tax obligations, highlighting the need for individuals to adhere to tax laws and regulations. #BTC‬ #bitcoin #bitcoinhalving
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It's ⛈️ a tumultuous time in the crypto market as Bitcoin faces significant bearish pressure, with key technical indicators pointing towards further downside potential. Let's break down these indicators: 1. BTC Price Breaks Key Support: Bitcoin's price action has been forming lower lows since April, signaling a 🐻 trend in the short to medium term. The recent drop below $57K and the breach of the $58K support level confirm this bearish sentiment. The next key support levels to watch are $52K and $48.5K. 2. Momentum Remains Bearish: Bears continue to dominate the market, with Bitcoin's price appearing to be in free fall. If this downward correction persists, there's a possibility of revisiting the $52K or $48K support levels. These are crucial levels that could determine the next phase of Bitcoin's price action. 3. Weekly MACD Bearish Cross: The weekly Moving Average Convergence Divergence (MACD) indicator recently made a bearish cross, signaling further downside potential. This bearish crossover often precedes significant price declines, and Bitcoin's recent drop from $64K to $57K within 48 hours underscores this warning signal. Looking ahead, Bitcoin's macro trend remains bullish as long as it stays above $50K. However, a breach of this level could lead to increased anxiety among even the most optimistic bulls. In such a scenario, many altcoins may experience significant retracements, potentially erasing gains made since the start of the bull run in early 2023. In summary, while the current market conditions are challenging, keeping a close eye on these key support and resistance levels, along with monitoring momentum indicators like the MACD, can provide valuable insights into Bitcoin's future price movements. #BTC‬ #fomc #bitcoinhalving #bitcoin
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📊 Arkham Intelligence has revealed data on the top Shiba Inu (SHIB) token holders, shedding light on their significant holdings. 🐕 The largest holder is the burn SHIB address, which boasts a staggering 410,418,817,200,312.1 SHIB, valued at approximately $10.33 billion. This represents 41.04% of the total circulating supply and is where all burned SHIB tokens are sent and locked automatically. 🔥 In second place is Crypto.com's hot wallet, with holdings of 37,570,344,005,265.1 SHIB ($950.5 million), accounting for 3.76% of the circulating supply. Binance's cold wallet secures the third spot, holding 35,570,818,784,448.26 SHIB ($885.5 million), constituting 3.5% of the circulating supply. Binance maintains a robust reserve of Shiba Inu, confirmed in its Proof-of-Fund (PoF) report. Robinhood's cold wallet ranks fourth, with holdings of 31,753,251,930,362.97 SHIB ($803 million), comprising 3.18% of the supply. The Shiba Inu team's wallet holds the tenth position, with 6,397,162,264,908 SHIB worth $164,920,000. 💼 On May 2, the Shibarium layer 2 solution will undergo a transformative hard fork, aiming to enhance transaction processing speeds and stabilize transaction fees. 🔄 This upgrade is expected to make Shibarium more efficient and competitive, ensuring a smoother user experience. 💫 Despite trading at $0.00002549, down 1.2% in the past 24 hours, Shiba Inu continues to attract attention with its developments and significant token holdings. 🚀 #SHİB #Shibalnu #SHIBARMYSTRONG. #SHIBARICHLIST
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Binance, the leading cryptocurrency exchange, has completed its 27th quarterly token burn, a crucial step in its mission to reduce the total supply of its native token, BNB. 🔥 The latest burn removed 2,141,487.27 BNB tokens from circulation, valued at approximately $636 million USD. 💰 Executed through the BNB Chain's Auto-Burn mechanism, the process is auditable and objective, adjusting the burn amount based on token price and blocks generated on the BNB Smart Chain (BSC) during the quarter. 🔄 The ultimate goal is to decrease the total supply of BNB to 100 million tokens, with the current supply at 149,532,856 BNB. Binance is halfway to its target, aiming to remove 100 million tokens from circulation. 🎯 The impact on BNB's price has been notable, with the coin exhibiting a neutral trend before surging approximately 110% amid market volatility. 📈 Currently trading between $506.5 and $635, BNB has seen positive gains over the past week (11.43%), month (10.12%), and Year-to-Date (YTD) (94.58%). 📈 Technical indicators, such as the MACD, suggest increased buying pressure and a bullish outlook for the BNB price. 📊 If bullish momentum persists, BNB could test resistance at $635 and aim for its previous ATH of $690.9. 🚀 Conversely, a trend reversal may see BNB test support levels at $569.5 and $506.5. 📉 In summary, Binance's commitment to reducing BNB's total supply through quarterly burns is closely monitored by the crypto community for its impact on the token's scarcity and value. 🔍 #BNB⁩ #bnbburn
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