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👀 BlackRock has purchased over $1 billion worth of Bitcoin this month, including $107 million today! 🪙 🪙 This is a large number of coins added to their assets. Which means a general acceleration of capital inflows into crypto. 🚀 #BTC #Bitcoin $BTC
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🦊 The Shiba Inu Community Has Officially Asked Binance To Burn SHIB The Shiba Inu community is intensifying efforts to have Binance burning SHIB tokens using a portion of the token’s trading fees. Popular community member Labib recently launched a petition on Change.org asking the world’s largest crypto exchange to implement a daily burn of 1% of all Shiba Inu trading fees on its platform. According to Labib, this move is necessary for the long-term success and sustainability of Shiba Inu. The community member highlighted that this proposal would help reduce the massive amount of SHIB in circulation, potentially increasing scarcity and increasing the price of the token. Labib said that while members of the Shiba Inu community believe in the potential and unique tokenomics of SHIB, they recognize burning as an important way to strengthen the token’s value proposition. As of July 18, the petition has already attracted 111 signatures out of the initial target 200. In the meantime, the petition boasts 142 signatures, with 58 signatures left before it reaches its initial target. Notably, the ultimate goal is to hit a milestone of 50,000 signatures. The creator of the petition believes the community could achieve the 50,000 signature target by sharing it across every nook and cranny of the Shiba Inu ecosystem. $SHIB #SHIB #ShibaInu
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⭐️ Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens These developments indicate TFL’s proactive efforts to tackle Terra’s challenges and restore trust and stability within the ecosystem. Terra has announced significant developments following a bankruptcy court order in Terraform Labs’ (TFL) Chapter 11 case. The court has authorized TFL to take crucial steps, including reopening the Shuttle Bridge and destroying a substantial amount of LUNA tokens, marking a pivotal moment in the company’s restructuring efforts. In a post on X, the blockchain platform noted that as part of the court’s directives, TFL will reopen the Shuttle Bridge, allowing users to redeem sealed assets on Terra Classic. 🔸 Shuttle Bridge reopening The Shuttle Bridge, an essential infrastructure for transferring assets between Terra and other blockchains, had been previously closed. TFL plans to transfer all assets held in the Shuttle Bridge wallet to a new wallet and introduce a simplified interface to facilitate the redemption process. According to Terra, users will have a 30-day window to redeem their wrapped assets from the Bridge wallet. After this period, TFL intends to permanently close the Shuttle Bridge, and any remaining assets in the wallet will be destroyed. 🔸 Destruction of LUNA tokens In a move toward reducing the circulating supply of LUNA LUNA$0.44, the court order has authorized TFL to cancel the distribution and destroy 150 million LUNA tokens obtained from Terra community funding. This destruction is part of a broader strategy to stabilize the value of LUNA and restore confidence among the community and investors. Additionally, TFL will begin the process of deactivating the 125 million LUNA currently staked by 49 validators recommended by Terra. Once deactivated, these 125 million LUNA tokens, along with 2.5 million LUNA used for liquidity provision, will be destroyed. $LUNA #LUNA
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💳 VeChain VeWorld Wallet Adds Apple Pay Support via Transak Integration VeWorld, a self-custody wallet for the VeChainThor blockchain, now supports Apple Pay through integration with service provider Transak. The VeWorld crypto wallet allows users to store and manage their Vechain as well as other VechainThor (VIP180) based tokens. Self-custody wallet users can access features such as fee delegation and Ledger wallet integration. In addition to expanding VeWorld’s accessibility, the Transak integration helps the VeChain Foundation wallet serve a growing community of users who prefer Apple Pay over other payment methods. VeWorld already integrates with Coinbase Pay. With more payment options, VeWorld users can choose their preferred method of purchasing cryptocurrency, including traditional payment channels. This partnership is expected to contribute to the growth of VeChain by making it more accessible to the community. Apple Pay enables global payments and has over 640 million users. Web3 Transak’s payment infrastructure currently serves more than 5 million users and supports more than 160 countries. VeWorld users can access Transak through the iOS app, Android app, and desktop browser extensions. $VET #VET #Vechain
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🔥 MAGA Token Price Jumps Following Elon Musk’s Support for Donald Trump Elon Musk’s public support for Donald Trump has reverberated through the crypto community, propelling the MAGA token to the top of trending lists. As highlighted by Santiment, this newfound attention has boosted the token’s price by a modest 11% since its recent low five hours ago. Meme coins tied to the presidential candidate have exhibited significant volatility, especially following last weekend’s unforeseen events. 🇺🇸 Thanks to what the crypto community widely perceives to be Elon Musk's transparent support of Donald Trump, MAGA is the top trending token in crypto. The price is up a modest +11% since bottoming out 5 hours ago. Meme coins that are associated with the presidential candidate… — Santiment At the time of writing, the MAGA token is trading at $6.46, down 8.76% over the past day. The market cap is $284,371,179, also down 8.79%. However, trading volume over the last 24 hours has surged by 38.51%, reaching $12,090,224. This spike in volume suggests heightened trading activity, likely fueled by speculators and investors reacting to recent news. Analyzing the price trend, the MAGA token has been on a downward path from a high of roughly $7.10 to its current price of $6.46. The $6.20 level has acted as a reliable support level, with the price bouncing back multiple times. Similarly, the $6.40 level has also shown signs of support, with the price rebounding after reaching this point. Conversely, resistance levels at $6.80 and $7.00 are critical. The $6.80 level has been a notable resistance point, where the price struggled to maintain upward movement and subsequently reversed. Moreover, the $7.00 mark serves as a psychological barrier, having been tested but not decisively broken. The token’s 1-day Relative Strength Index (RSI) reading of 45.43 suggests it is nearing oversold territory. Additionally, the 1-day Moving Average Convergence Divergence (MACD) indicator trading above the signal line indicates potential bullish momentum. #MAGA #ElonMusk
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