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CLAIM YOUR FREE USDT FROM BINANCE NOW!!!!
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FTX estate stakes 5.5M Solana coins $SOL Coins worth $122 million have been staked, representing a small portion of FTX's SOL holdings. The staking process involves locking up coins for a fixed duration, with stakers receiving SOL rewards for network security. FTX, an early Solana investor, regularly receives unlocked SOL based on a vesting schedule. The FTX estate, overseen by a bankruptcy trustee, can liquidate these assets when needed, primarily for creditor recovery. In September, a U.S. court approved the sale of $1.3 billion in SOL from FTX, leading to concerns of price decline. To prevent market disruption, the bankruptcy court mandated gradual sales through an investment adviser, causing SOL's price to hit a two-month low of $17.34 on Sept. 11. FTX holds $3.4 billion in Digital Assets A, ranking among the company's top 10 holdings, including Bitcoin (BTC), Ethereum (ETH), Aptos (APT), and other cryptocurrencies. Court filings from September indicate over $7 billion has been recovered since FTX's bankruptcy protection filing in November 2022. Sam Bankman-Fried, FTX's co-founder, is currently on trial in a Manhattan district court, facing charges of fraud and conspiracy. If convicted, he could face a sentence of up to 115 years in prison. #bnbburn #uniswap #ftx #Binance
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*Uptober may be over: Bitcoin price data shows investor sentiment at 3-month low $BTC $ETH $BNB The symbol for bitcoin, or BTC, recently had a 4.9% correction in the four days following its failure on October 8 to break through the $28,000 barrier. The data from derivatives reveals a generalised anxiety in the market. Bitcoin is still rising at $27,700 in spite of this, beating more conventional assets like gold and Treasury Inflation-Protected bonds, which have dropped 4.2% and 5%, respectively, since June. Despite the fact that Exxon Mobil and Visa are now less valuable than Bitcoin in terms of market capitalization, some aficionados might have higher expectations given that Bitcoin reached its last all-time high in November 2021. Reduced interest in alternative hedge assets like Bitcoin may be justified by the robust U.S. Dollar Index, which shows confidence in the American economy. The S&P 500 index has increased by 3% since June, but top corporations still have significant cash on hand. #BTC #BinanceSquare #cryptonews #Binance
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#usdr #Uniswap: Unleashing the Power of Decentralized Exchanges This decentralized exchange (DEX) is revolutionizing the way we trade digital assets, providing users with unparalleled flexibility, accessibility, and control over their investments. ### The Magic of Automated Market Makers (AMMs) At the heart of Uniswap's success lies its unique approach to trading. Unlike traditional exchanges, which rely on order books and centralized intermediaries, Uniswap utilizes Automated Market Makers (AMMs). These smart contracts act as liquidity providers, enabling users to swap one cryptocurrency for another directly from their wallets. ### Trust in Code, Not Centralized Entities One of the key attractions of Uniswap is its decentralized nature. Instead of relying on a centralized authority, the platform operates autonomously through smart contracts. This trust in code and transparency in operation give users full control of their assets, reducing the risk of hacks or manipulations often associated with centralized exchanges. ### Uniswap v3: Precision and Efficiency Uniswap has continued to evolve with its latest version, Uniswap v3. This upgrade brings several improvements, including the ability to concentrate liquidity within specific price ranges. This feature not only optimizes capital usage but also provides better price execution for traders. ### Embracing the Future With continuous innovation, a strong community, and the promise of decentralized finance (DeFi) at its core, Uniswap is poised to remain a cornerstone in the world of cryptocurrency trading. As crypto enthusiasts, it's essential to keep an eye on Uniswap's progress, for it represents not only a transformative technology but also a symbol of financial freedom and empowerment. In the age of decentralized exchanges, Uniswap stands as a shining example of what can be achieved when technology, community, and a passion for cryptocurrencies intersect. #Uniswap #DeFi #ftx #ztx #BinanceSquare #ETH
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