The annualized staking rate on the first day of GMT can reach up to 1179%. Don’t you know that?
About half a month ago, the unlocked GMT did not flow into the market. It turned out that the FSL team repurchased about 600 million unlocked GMT tokens. They were going to do something big.
600 million tokens are transferred to GMT DAO, and the right to burn them is in your hands. As long as GMT DAO members lock GMT for 60 days, they can participate in the vote to decide the amount of burning. ❶ Locked GMT reached 100 million, burned 60 million GMT ❷ Locked GMT reached 500 million, burned 230 million GMT ❸ Locked GMT reached 900 million, burned 600 million GMT
There are two types of staking rewards ❶Get the “Make GMT Great Again” NFT ❷100 million GMT will be distributed to NFT holders according to the lock-up ratio
Coinbase CEO expects rapid cryptocurrency legislation in the U.S. after Trump takes office
According to CNBC, Coinbase Chief Policy Officer Hilderbrand stated that cryptocurrency legislation will be pushed through Congress "quite rapidly" after Trump takes over the White House. Trump is well-known for his pro-cryptocurrency policy platform during his campaign. His comments come at a time when two key pieces of cryptocurrency-related legislation are advancing in Congress. One is the Republican-backed "21st Century Financial Innovation and Technology Act," which aims to establish a legal framework for digital assets. This bill was passed in the House earlier this year. The other is the "Payments Stablecoin Clarity Act," which aims to create a regulatory framework to license stablecoin issuers—stablecoins are tokens pegged to the value of fiat currencies like the U.S. dollar. The stablecoin bill has yet to be voted on in the House.
Sun Yuchen eats an expensive banana, having previously spent 45 million to acquire it and paid with cryptocurrency
Sun is really a master of hype.
Cryptocurrency tycoon Sun Yuchen held a press conference for the "most expensive banana" titled "Comedian" in Hong Kong on the 29th and ate it in public. "Comedian" translates to comedian, and it is a banana taped to the wall. A few days ago, Sun Yuchen spent about 45 million RMB at Sotheby's auction house to acquire it, paying with cryptocurrency. When Sun Yuchen ate the banana on stage, an audience member shouted: Does it taste good? Sun Yuchen laughed and said: It tastes much better than other bananas, it's really good.
Hong Kong government considers tax exemption for investment income in the cryptocurrency field such as private equity funds
On November 28, the Hong Kong government is considering implementing a tax exemption policy for investment income in the cryptocurrency field of private equity funds, hedge funds and super-rich individuals.
According to the proposal, in addition to existing private equity funds and hedge funds, the government also plans to expand the tax exemption scope to investment tools such as private credit, overseas real estate and carbon credits. At present, the Hong Kong government has launched a six-week public consultation period to collect opinions and suggestions from all walks of life on this policy.
Cryptocurrency supporter Atkins becomes a top candidate for SEC chairman
According to informed sources, President-elect Trump's transition team has interviewed seasoned financial regulators, the behind-the-scenes figure in conservative finance Paul Atkins as a candidate for chairman of the U.S. Securities and Exchange Commission (SEC). Sources say Atkins is the front-runner to succeed the soon-to-be-outgoing Gensler. They said Trump is expected to make a choice in the coming days, and no decision has been made yet. Atkins served as an SEC commissioner during the George W. Bush administration, after which he founded Patomak Global Partners, a consulting firm serving major financial industry clients. He is a strong supporter of digital assets and financial technology companies. He has also testified before Congress on how to restructure the agency's operations and reduce some regulations that industry insiders believe are redundant or overly burdensome.
On Tuesday at the New York close, the CME Bitcoin futures BTC main contract was reported at $91,520.00, down 3.61% from Monday's New York close, trading within a range of $95,225.00-$90,785.00 during the day. The CME Ether futures DCR main contract was reported at $3,324.00, down 5.34% from Monday, trading within a range of $3,479.00-$3,259.00 during the day.
Early participants in running shoes, how many people have run towards freedom. GMT has made many people rich, this time GMT can burn up to 600 million pieces, the first day staking annual yield can reach 1179%, is it going to drive another batch of people to get rich.
About half a month ago, the unlocked GMT did not flow into the market, as the FSL team repurchased about 600 million unlocked GMT tokens, they are going to do something big.
600 million tokens are transferred to GMT DAO, and the burning rights are handed over to you. As long as the members of GMT DAO lock GMT for 60 days, they can participate in voting to decide the amount to be burned.
❶ Lock 100 million GMT, burn 60 million GMT ❷ Lock 500 million GMT, burn 230 million GMT ❸ Lock 900 million GMT, burn 600 million GMT
There are two types of staking rewards ❶ Obtain the "Make GMT Great Again" NFT ❷ 100 million GMT will be distributed to NFT holders according to the locking proportion
I roughly calculated, the annualized yield for the first day of staking is as high as 1179%, of course, the coin price is not fixed. But if the burning is successful, the coin price should have an upward expectation. Every morning at 8 o'clock, the interest for the previous day is settled, and the daily 1.66 million $gmt is evenly distributed according to the total locked amount, so the earlier you stake, the higher the yield.
The minimum staking amount is 100 gmt, my suggestion is for all friends to at least ensure they get the "Make GMT Great Again" NFT, which is a symbol of joining GMT DAO, and it might be used in future airdrops, who knows?
I am also a participant in running shoes, I run every day, and the current returns are pretty good. I sincerely hope this event can be a complete success and burn 600 million GMT.
Cryptocurrency concept stocks have seen mixed results, with spot Bitcoin briefly falling below $94,500
Two days ago, I wrote that Bitcoin would pull back by about 20%, and it has been pulling back yesterday and today, but how much it will pull back remains to be seen.
On Monday (November 25), Bitcoin fell over $2,000, a decrease of more than 2.2%, approaching the bottom of $93,850.62 from November 21. Ethereum, on the other hand, maintained a gain of over 3.9%, stabilizing around the $3,500 level, reaching $3,546.022 at 00:04 Beijing time. On that day, cryptocurrency concept stocks/blockchain concept stocks experienced mixed results, with Kodak closing up 18.6%, Beyond Inc. rising over 9.4%, Ebang International ADR rising over 8.6%, Applied Digital rising over 8.4%, Ethereum ETF FETH up 6.65%, Robinhood rising about 3.3%, cryptocurrency exchange giant Coinbase rising about 2.5%, while TeraWulf closed down 6.17%, and BTC Digital fell 8.26%.
ZA Bank in Hong Kong launches cryptocurrency trading services today
[ZA Bank in Hong Kong launches cryptocurrency trading services today] Hong Kong digital bank ZA Bank announced today the launch of cryptocurrency trading services on its app, becoming the first bank in Asia to offer such services to retail users. Users can buy and sell Bitcoin and Ethereum using HKD and USD.
The entry threshold for this service is $70 or HKD 600, with a commission of $1.99 or HKD 15 charged per transaction, and a platform fee of 1.5% of the transaction amount. ZA Bank will implement preferential policies by the end of June 2025, including waiving commissions and reducing the platform fee to 0.8%. Wu Zhonghao, the acting CEO of ZA Bank, stated that the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.
Bitcoin soars to nearly $100,000! What is the future of cryptocurrency?
Recently, Bitcoin has continued its strong upward trend and has broken through $99,000, just one step away from the $100,000 mark! However, in such a good market situation, a large number of long orders were liquidated. The reason is that market prices fluctuate violently, and the highly free and open market of cryptocurrency has not yet been adequately regulated, and investors have extremely high leverage ratios, which can be said to have infinitely magnified the greedy nature of human nature.
The maximum leverage of Bitcoin can reach 125 times, so as long as the price rises by 0.8%, the profit can be doubled. This temptation is really hard to resist. Of course, gains and losses come from the same source: if it drops 0.8%, the entire principal will be lost.
Two: Zircuit Airdrop Inquiry Link: https://app.zircuit.com/fairdrop $ZRC will be transferable on November 25, the project will launch the testnet in November 2023, and the mainnet will go live in August this year. Claims must be made before December 31, after which the airdrop amount will decrease by 1.6% daily.
Three: L1 Public Chain XION Airdrop Re-inquiry Link: https://believe.xion.burnt.com/
Cryptocurrency billionaire warns: Bitcoin may pull back 20% after breaking $100,000
American billionaire and well-known cryptocurrency investor Michael Novogratz stated that Bitcoin is bound to break through the $100,000 mark, but may then pull back by as much as 20%.
In the afternoon, Bitcoin briefly reached $99,500 per coin, continuing to set new historical highs and approaching the significant $100,000 milestone. The previous day, Bitcoin consecutively broke through the $95,000, $96,000, $97,000, and $98,000 marks.
You can get airdrops just by chatting, wouldn’t you like to participate in such a good thing? Bitcoin has been hitting new highs, and COS has opened a new era for SocialFi.
Contentos ( $COS ) is committed to breaking down the barriers between Web2 and Web3. Bitcoin has been reaching new highs. This time it will definitely usher in a new era for SocialFi. 1: The importance of Web3 social networks. Web3 social networks are crucial because they give users greater data control and privacy protection through a decentralized architecture, solving problems such as data privacy leaks, content censorship, and platform monopoly that exist on traditional social media platforms.
❶Data privacy and user control: In social networks, user data is decentralized and stored in the blockchain through encryption technology. Only users can decide access rights. This approach ensures user privacy and security.
Can you get airdrops by chatting and posting? Bitcoin keeps hitting new highs, can COS open a new era of SocialFi?
Happy (
) is committed to breaking down the barriers between Web2 and Web3, and Bitcoin has been reaching new highs. This time it will definitely usher in a new era of SocialFi. 1: The importance of Web3 social networks.
Web3 social networks are crucial because they give users greater data control and privacy protection through a decentralized architecture, solving problems such as data privacy leaks, content censorship, and platform monopoly that exist on traditional social media platforms. ❶Data privacy and user control: In Web3 social networks, user data is no longer collected and stored by centralized platforms, but is saved on the blockchain through encryption technology, and users have access rights. This decentralized architecture ensures the privacy and security of user data.