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The cost of servicing the U.S. debt continues to soar into the stratosphere — BofA
The cost of servicing the U.S. debt continues to soar into the stratosphere — BofA
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Today is Hal Finney's birthday – a person without whom Bitcoin would not exist. Today Hal Finney would have turned 68, a man who played a crucial role in the history of Bitcoin. Being a well-known cryptographer even before the emergence of Bitcoin, Finney joined the cypherpunk movement and supported the cryptocurrency in its early stages. Not only did he receive the first Bitcoin transaction from Satoshi Nakamoto, but he is also, according to one theory, potentially the creator of Bitcoin himself.
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🚀 Ex-Starknet and Yuga Labs Execs Join Kraken-backed $100M L1 Nibiru Chain: Expanding the Asian Frontier ✔️ Cultivating a Local Presence Nibiru Chain, the ambitious $100 million Layer 1 blockchain supported by HashKey and Kraken Ventures, is setting its sights on Asia. With the goal of local brand presence and adoption, Nibiru has brought on board two heavyweights from the industry: Yura Nam, former head of StarkNet Asia, and Nicholas Lo, previously with Bored Ape Yacht Club's Yuga Labs. 🌐 Targeting Key Asian Markets The expansion strategy is clear: Nibiru aims to make waves in Korea, Japan, India, Southeast Asia (SEA), and Chinese-speaking countries. To achieve this, they're not just relying on their new hires but also planning to recruit local community leads in each country. The team already boasts connections with major players in the region. 🤝 Forging Partnerships and Engaging Developers Navigating the intricacies of local markets requires finesse. That's where Lo comes in as Asia Business Development lead. With a background in finance and experience expanding exchanges, he'll be building relationships with protocols, gaming companies, financial institutions, and more. Meanwhile, Nam's expertise in partnerships and event planning will help drive Nibiru's growth initiatives. 📈 From Go-to-Market to Exposure COO Jonathan Chang is confident that these strategic hires will bring valuable insights and execution capabilities to Nibiru's table. Their focus will be on everything from go-to-market strategies to media exposure in gaming, DeFi, NFTs, and real-world assets (RWAs). As Nibiru charts its course across Asia's blockchain landscape, it seems they've found the right crew to steer the ship.
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Bitcoin Responds with Growth to U.S. Unemployment Data According to the U.S. Bureau of Labor Statistics (BLS), the unemployment rate in the U.S. rose to 3.9% compared to 3.8% in the previous month. The total number of unemployed now stands at 6.49 million. Experts believe that the unemployment data may reinforce the notion of a potential "soft landing" for the economy, alleviating concerns about an excessive slowdown in the labor market. Markets are now expecting two rate cuts of 25 basis points each in 2024. Previously, only one rate cut was anticipated. Amid news of rising unemployment in the U.S., Bitcoin's price surged above $63,000.
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🪂 DropsTab: Top 15 Projects by Total Value Locked (TVL) with Upcoming Airdrops
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Top 10 Crypto News In The Last 24 Hours 🚀 1️⃣ 💰 Bitcoin is back above $63K, stocks rally on cooler jobs data. 2️⃣ 💰 Eigen Foundation to distribute extra $1,000 in EIGEN to all token holders, following airdrop backlash. 3️⃣ 💰 $USDT Stablecoin Supply on $TON Blockchain Hits 130 Million in 2 Weeks. 4️⃣ 🐋 Biggest Friend.tech whale dumps tokens as users struggle to claim airdrop. 5️⃣ ‼️ $2,400,000,000 worth of Bitcoin & Ethereum options expire today. 6️⃣ 🇮🇷 Iran is mining Bitcoin and may have earned up to $1 BILLION $BTC in 2021 alone, according to US senator Elizabeth "Karen" Warren. 7️⃣ 🇺🇸 SEC delays decision on 7RCC’s eco-friendly spot Bitcoin ETF. 8️⃣ 🇷🇺 Russian cryptocurrency exchange Beribit faces fraud allegations after refusing to refund customers' money. 9️⃣ 🇭🇰 Hong Kong asset manager Yong Rong just reported owning $38m of BlackRock’s Bitcoin ETF. 🔟 🇳🇱 Netherlands seized assets worth 11.4 million euros, including various cryptocurrencies, in the ZKasino scam.
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