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Animals with the strongest bite force:

😲 Human - 160 psi
🐻‍❄️ Polar bear - 1,200
🐻 Grizzly bear - 1,200
🦍 Gorilla - 1,300
🐆 Jaguar - 1,500
🦛 Hippo - 1,800
🐊 Alligator - 2,000
🦈 Great white shark - 4,000
🐊 Nile crocodile - 5,000
🐋 Orca - 19,000

🕯 Daily review of the cryptocurrency market

The market has perked up. BTC is up slightly to $64,400. ETH is trading just above $3,500.

🔼 There are quite a lot of growing assets: JASMY +13%%, ZRO +10%, KAS +7%, TON +6%, BRETT +6%.

🔽 There are fewer falling assets: FET -6%, AGIX -5%, ONDO -3%.

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History tends to repeat itself...

Unfortunately, modern cryptocurrency exchanges are following in the footsteps of the traditional banking system. Let’s delve into why this is so important to understand.

💩 The Main Issue:
Cryptocurrency exchanges, like banks, are interested in holding onto your funds rather than returning them. This means your investments are used by them to generate profits, not kept on standby for your withdrawal requests.

💩What Could Go Wrong:
Sooner or later, an exchange might decide that maintaining a 1:1 reserve ratio is unprofitable. They might hold only 10% in reserves, thinking it’s unlikely that all clients will demand their money back at the same time. This practice is known as fractional reserving.

💩 The Risk of D-Day:
While this might work for a while, there will come a day when many investors want to withdraw their funds simultaneously. At that point, the exchange won’t be able to fulfill its obligations, and the entire system will collapse. We have already seen this happen with several major exchanges.

💩 Why This Matters to You:

🔘Transparency: Demand transparency from the cryptocurrency exchanges you use. Ensure they have sufficient reserves and are willing to prove it.
🔘Diversification: Don’t keep all your funds on one exchange. Spread your investments across different platforms and storage methods.
🔘Awareness: Stay informed about news and policy changes related to exchanges. Knowledge is power and can save your investments.

Be vigilant, invest responsibly, and don’t let your money become a hostage to someone else’s interests.

Yesterday, Apple held a presentation of new products.

What was interesting?

💩 Official partnership with OpenAI and integration of ChatGPT into iPhone.

💩 Apple Intelligence — a large language model that will be integrated into all systems on iOS, iPadOS, and macOS.

💩 Siri 2.0 on GPT-4o with a human voice will interact with any Apple application.

💩 Pay to Pay between iPhones.

Immediately after the presentation, Elon Musk stated that he would ban all Apple devices in his companies if Apple integrates OpenAI at the OS level.

He called it absurd that Apple, instead of creating its own AI, believes that OpenAI will protect your security and privacy. At the same time, he considers OpenAI in iOS to be spyware, and that user data will be traded.

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Berachain Layer-1 Testnet ( Potential Airdrop)🪂

🔔Exciting news! Berachain, the DeFi-focused Layer 1 project, just raised an eye-popping $42M Series A round at a mind-blowing valuation of $420.69M!💰

🌐Built on Cosmos SDK, Berachain is shaking up the game with its EVM-compatible Layer 1 (L1) and groundbreaking Proof-of-Liquidity (PoL) sybil resistance mechanism.💪

🚀Hold on to your seats because Berachain's Artio Testnet is now live and open to the public! Don't miss your chance to participate and earn potential rewards!💥

🔗Ready to dive in? Here's what you need to do:

🎁 Grab your free BERA tokens from the Faucet: artio.faucet.berachain.com

💱 Swap 0.01 BERA to STGUSDC here: artio.bex.berachain.com/swap

🍯 Fancy minting some HONEY? Mint STGUSDC to HONEY here: artio.honey.berachain.com (Yes, you can mint $HONEY for any amount)

Join Discord : discord.gg/vvr3vsTY

🌟 Claim your Point on Galxe here: galxe.com/Berachain/camp…

🤩 Feeling adventurous? Answer the quiz: C D D D A

🔥 And of course, explore amazing Berachain Testnet Dapps here: berachain.com

💡Wait, there's more! Join the Berachain community now, and soar above the competition!💪

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