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Just in : SEC Chairman Gary Gensler hints at a potential resignation from his role at the SEC 🇺🇲 #SEC #GaryGensler

Just in : SEC Chairman Gary Gensler hints at a potential resignation from his role at the SEC 🇺🇲

#SEC #GaryGensler

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Is the economy in good hands? To find out the answer to that question, all you have to do is watch this hilarious interview 😄 In it, Chief Economist and Economic Policy Adviser to President Joe Biden was left baffled after struggling to explain how money works and why the US borrows money 🤦‍♀️ Take care of yourself. Don't entrust your financial well-being to the government, whose officials are incapable of explaining even the basics of this rigged system ❗️ #TrendingTopic:
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💰 Arthur Hayes predicts Bitcoin is poised for a steady rise in value 🔼Former BitMEX CEO Arthur Hayes expressed optimism regarding Bitcoin’s future trajectory, suggesting that the recent downturn marks a local bottom, with the flagship crypto poised for a gradual ascent over the coming months. Hayes shared his insights in a blog post on May 3, attributing the recent market slump to a variety of factors, including the US tax season, concerns over Federal Reserve policies, the “sell the news” effect following the Bitcoin halving, and a slowdown in spot Bitcoin ETF inflows📊 #TrendingTopic."
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💰 Spot bitcoin ETFs see reduced daily outflows, totaling $34 million 🔼Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced a net outflow of $34.4 million on Thursday, indicating a slowdown compared to the previous day’s record outflows. BlackRock and Fidelity’s bitcoin funds, which are ranked second and third in terms of total net assets, both recorded zero flows on Thursday. Bloomberg’s ETF analyst James Seyffart previously explained that a day of zero flows is normal in ETFs 📈 #TrendingTopic."View
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You haven't earned any money, but you have to pay tax 🫵 Joe Biden's proposed plan to tax unrealized gains at 25%. This radical move targets billionaires by taxing the increase in value of their investments before any actual profit is realized. 👉 An unrealized gain is an increase in the value of an asset or investment that an investor has not yet sold. A gain or loss on an investment is realized when it is sold Critics argue this could force investors to sell off assets prematurely to cover tax bills, potentially destabilizing markets and discouraging investment 🤔 The image above shows why this is such a big deal. Raising taxes on revenue is one thing, but taxing unrealized gains is just plain crazy 🤷‍♀️ #TrendingTopic."
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✅ Today bitcoin started a steady rise reaching 63,100 at the day's peak. Ethereum is noticeably underperforming, ETH/BTC relative strength has already become a meme 😅 Day summary: 🔸 Tether has collaborated with Chainalysis to develop a solution for monitoring secondary market activity 🔸 LayerZero announced new details about $ZRO airdrio: anti-sybil measures 🔸 Someone lost $68 million worth of WBTC by sending crypto to the wrong address 😬 🔸 Friendtech $FRIEND airdrop is live now, the token is now claimable inside the app  🔸 Jack Dorsey said Block will flip 10% of its gross profit made off its Bitcoin products into buying BTC 🔸 Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock 🍏 🔸 EigenLayer has announced they will add 100 $EIGEN to the minimal 10 EIGEN airdrop allocation for each Season 1 restaker
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