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š¼ In January, tokens worth $7.1 billion are set to be unlocked, according to Tokenomist data
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Hey Friends šš¼ What a year itās been! Together, weāve seen it all: Fear, Greed, epic rallies, meme coin madness, and even the Trump comeback saga. š From wild market swings to unforgettable moments, we've been toevery step of the way. Thank you for being part of my journey - itās only getting started. Wishing you a year filled with joy, success, and moonshots š
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Hanoi Police Bust Crypto Scam: $1M Saved and 300 Victims Protected šš° Vietnamese police stepped up as superheroes, shutting down Million Smiles, a company that ironically brought no smiles to anyone. The scammers were promoting the fake token QFS, promising access to a "magical" financial ecosystem. What happened? $1.17M saved and 300 people protected from falling into the scam. Police raided offices, seized computers, and exposed the token as a fraud. Who got scammed? 100 businesses and 400 individuals had already fallen for the scheme, investing up to $1,350 each. The takeaway: Donāt trust tokens that promise spiritual enlightenment and no-collateral loans. Vietnam isnāt a safe haven for crypto scammers. Bottom line: stick to blockchain strategies, not fairy tales about "million-dollar smiles."
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š” 30% Liquidity Rule for Stablecoins MiCA requires stablecoin issuers to hold 30% of liquidity in local banks, while traditional banks need just 1% in reserves. Fair regulation or a New Year gift for banks? š
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Crypto vs. IRS: The Fight Over DeFi āļø Three major crypto groups ā DeFi Education Fund, Blockchain Association, and Texas Blockchain Council ā have filed a lawsuit against the IRS to block new rules requiring DeFi platforms to report user data. Whatās happening? The IRS is finalizing crypto tax regulations under the Infrastructure Investment and Jobs Act. Goal: āclose the information gapā on digital assets. Why it matters: DeFi platforms arenāt traditional brokers; they provide access to protocols but donāt process transactions themselves. These rules could overburden DeFi platforms and push innovation out of the U.S. Key quote: Marisa Coppel, Blockchain Association:"This violates privacy rights and threatens the growth of decentralized technology." link Can the crypto industry push back? The stakes couldnāt be higher.
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ā³ Binance has increased its stablecoin reserves to a record $31 billionāup from just $7 billion in June 2023 Such a sharp rise often signals heightened buying activity in the market š
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