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๐Ÿช™ Crypto and Blockchain News (December 1, 2023): 1๏ธโƒฃ MicroStrategy: MicroStrategy reported the purchase of an additional 16,130 BTC, amounting to approximately $593.3 million. The business analytics software provider acquired the cryptocurrency between November 1 and November 29 at an average price of $36,785. ๐Ÿš€ 2๏ธโƒฃ Circle: The issuer of the stablecoin USDC, Circle, refuted allegations of illegal financing and connections with Tron founder Justin Sun, #tron Foundation, and HTX. This information was disclosed in an open letter to U.S. senators. ๐Ÿ” What is your opinion on the validity of these accusations? 3๏ธโƒฃ Starknet Foundation: Representatives of the Starknet Foundation confirmed rumors about an upcoming airdrop of the native token of the second-layer network, STRK. ๐ŸŽ 4๏ธโƒฃ Business Wire: The venture arm of the cryptocurrency exchange KuCoin and the #ton Foundation have agreed to collaborate, involving a grant to the TON ecosystem. The specific amount is undisclosed. ๐ŸŒ 5๏ธโƒฃ TheMinerMag: Bitmain's subsidiary, Antpool, surpassed Foundry USA in November, becoming the largest #bitcoin mining pool. In terms of the number of mined blocks, the company outpaced its American competitor for the first time since January 2022, with 1219 blocks compared to 1216. ๐Ÿ† ๐Ÿš€ Your perspective on these events is important to us!

๐Ÿช™ Crypto and Blockchain News (December 1, 2023):

1๏ธโƒฃ MicroStrategy: MicroStrategy reported the purchase of an additional 16,130 BTC, amounting to approximately $593.3 million. The business analytics software provider acquired the cryptocurrency between November 1 and November 29 at an average price of $36,785. ๐Ÿš€

2๏ธโƒฃ Circle: The issuer of the stablecoin USDC, Circle, refuted allegations of illegal financing and connections with Tron founder Justin Sun, #tron Foundation, and HTX. This information was disclosed in an open letter to U.S. senators. ๐Ÿ” What is your opinion on the validity of these accusations?

3๏ธโƒฃ Starknet Foundation: Representatives of the Starknet Foundation confirmed rumors about an upcoming airdrop of the native token of the second-layer network, STRK. ๐ŸŽ

4๏ธโƒฃ Business Wire: The venture arm of the cryptocurrency exchange KuCoin and the #ton Foundation have agreed to collaborate, involving a grant to the TON ecosystem. The specific amount is undisclosed. ๐ŸŒ

5๏ธโƒฃ TheMinerMag: Bitmain's subsidiary, Antpool, surpassed Foundry USA in November, becoming the largest #bitcoin mining pool. In terms of the number of mined blocks, the company outpaced its American competitor for the first time since January 2022, with 1219 blocks compared to 1216. ๐Ÿ†

๐Ÿš€ Your perspective on these events is important to us!

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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๐Ÿ“ˆ Prediction (TON and BCH): ๐Ÿ’ช TON/USDT - After several weeks of price decline, #TON holders seem to be preparing for potential growth, as indicated by current patterns in their behavior. On-chain metric Mean coin age determines the level of trading sentiment among long-term investors by calculating the average number of days coins in circulation have spent at current addresses. An increase in this indicator suggests that investors prefer to hodl the asset. Conversely, a decrease in the metric indicates that investors are moving their assets, which is considered a sign of low confidence, as has been happening with the altcoin in the last couple of days. However, the metric is now rising, reflecting strengthened bullish sentiment. Forecast: The price has been moving downward within a descending channel over the past few days. Looking at the changing investor sentiment, one can speculate that TON may break out of this channel. A potential breakout above its upper boundary would signify a rally of almost 18%. This would mean that breaking the resistance line at $7.0 could send the altcoin towards a target of $7.8. However, if #Toncoin fails to breach the barrier at $5.9, the price may fall to the support level of $5.4. Losing this line could nullify the bullish scenario and lead to further decline to $5.2. ๐Ÿ“Š BCH/USDT - To sustain its upward momentum, Bitcoin Cash must consolidate above the resistance at $513, which coincides with the 23.6% Fibonacci retracement from $709 to $452. If this occurs, the altcoin may attempt to break the 38.2% Fibonacci line at $550. However, a failed breakout attempt could lead to breaking the support at $501 and a potential retest of $452, rendering the bullish thesis invalid. ๐Ÿ‘Would you mind sharing your analysis with others?
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