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๐ Heads up, Phantom iOS users! The latest app update might log you out, requiring your recovery phrase to get back in. If you haven't backed it up, do it now to avoid losing access to your funds. Phantom's on it with a new update to stop further resets. ๐ฑ While some users are frustrated, others are relieved by the quick fix. This hiccup highlights the importance of safeguarding your recovery phrases in the non-custodial crypto world. Despite the bumps, the future of crypto wallets remains bright as Phantom works to improve its platform. Stay secure and keep exploring the blockchain universe!
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Arthur Hayes, the crypto guru and BitMEX founder, is throwing shade on Elon Musk's grand plans to slash government spending. ๐ Hayes thinks Musk's new Department of Government Efficiency (DOGE) might hit a wall without Congress on board. Despite the skepticism, Hayes is still all in on Dogecoin, Musk's favorite meme coin. ๐ฐ Musk's cost-cutting dreams are ambitious, but with only 2% of spending cuttable without Congress, it's a tough sell. Critics are skeptical, but Musk's persistence could shake things up. While the political hurdles are high, Hayes's faith in Dogecoin remains rock solid.
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๐ Ethereum is gearing up for a potential rally, says OnChainHQ's Leon Waidmann! With its deflationary mechanism in full swing, ETH is burning more than it's minting, creating scarcity and pushing prices up. As the bull market gains traction, Ethereum's on-chain activity is expected to rise, leading to more burns and a self-sustaining cycle of growth. ๐ Despite a recent dip, ETH has shown a bullish 20% increase over the past week. With the Ethereum Foundation strategically managing its reserves, the future looks bright for this crypto giant!
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๐จ Big win for South Korea! Authorities have busted a massive crypto scam, recovering a whopping $213 million. A popular YouTuber led the fraudulent ring, scamming 15,000 people with fake tokens and aggressive marketing. The operation, which started in December 2021, targeted vulnerable investors, even convincing some to sell their homes. ๐ฎโโ๏ธ Police have arrested 215 individuals, including the ringleader, who was caught in Australia with 22 Bitcoins. This marks the largest crypto scam bust in South Korea, highlighting the need for caution in high-yield investments. Stay smart, crypto enthusiasts!
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๐ Crypto enthusiasts are buzzing as industry leaders express optimism about Donald Trump's potential return to the White House. They anticipate his administration could finally bring the regulatory clarity they've been craving. Bitcoin has soared to an all-time high of $90,000, igniting excitement among investors! Dogecoin is also on the rise, thanks to Trump's D.O.G.E. initiative, led by Elon Musk and Vivek Ramaswamy. The meme coin's price has jumped over 150%, now trading at $0.37. While Bitcoin's surge brings joy, analysts urge caution due to liquidity barriers. Still, the market sentiment remains upbeat as the crypto world braces for a new era of opportunity. ๐
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