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somehow feel correction is near !
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Urgent update breaking news The founder of the Compound project of the #COMP coin announced that he is leaving the project to establish another new project called Legend to be a new competitor in the field of DeFi (decentralized finance). The project aims to provide the best and easiest interface for use in the field of DeFi. The news does not affect the future of COMP and the project still has its own team Any news or information issued by me is not advice, so do not forget to use DYOR
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Discovering ALCX: Transforming DeFi with Alchemix What is Alchemix (ALCX)? Alchemix (ALCX) is a decentralized finance protocol that allows users to create self-repaying loans using their crypto assets. By leveraging future yield, Alchemix offers a unique solution that eliminates the risk of liquidation, making it an attractive option for borrowers. Why Alchemix is Revolutionizing Decentralized Finance Self-Repaying Loans: Alchemix enables users to take out loans that repay themselves over time through the yield generated by their deposited collateral. This innovative feature provides financial flexibility and reduces the risk associated with traditional loans. No Liquidation Risk: Unlike traditional DeFi lending platforms, Alchemix loans do not carry the risk of liquidation. This security ensures that users can safely leverage their assets without the fear of losing their collateral. Flexible Collateral Options: Alchemix supports various types of collateral, allowing users to choose the assets that best suit their financial strategy. This flexibility enhances the usability and appeal of the platform. Yield Enhancement: By utilizing yield farming strategies, Alchemix maximizes the returns on deposited collateral, ensuring that loans are repaid efficiently and effectively. Achievements and Milestones of Alchemix Mainnet Launch: The successful launch of Alchemix’s mainnet showcased its innovative capabilities and readiness for wide adoption. Strategic Partnerships: Alchemix has formed partnerships with leading DeFi projects and platforms, enhancing its ecosystem and driving growth. Notable partners include Yearn Finance and Curve Finance. Growing Community: Alchemix boasts a vibrant and engaged community of users and developers who contribute to its ongoing development and success. Investing in Alchemix: Unlocking Potential in DeFi Investing in Alchemix offers a unique opportunity to be part of a groundbreaking project in decentralized finance. dyor before investing !
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Bitcoin Markets: Michael Saylor Tells the German Government, ‘You Do Not Sell Your Bitcoin’ Michael Saylor, a renowned Bitcoin maximalist, has commented on the massive Bitcoin sales made by the German Government. According to Arkham Intelligence data, the European nation’s wallet reached zero on Friday afternoon. Also Read: BTC whales added 71K BTC to their wallets this week The BTC transfers appear to be linked to the German government’s plan to sell the 50,000 BTC it seized earlier this year from the now-defunct film piracy website Movie2K. Germany seized the BTC, which were estimated to be worth more than $2 billion. Arkham Intelligence data shows that Germany’s BKA made its last BTC sales and now holds 0.04 BTC, which is worth $244 at current prices. Michael Saylor has weighed on on the sale, saying “Du verkaufst deine Bitcoin nicht.” which translates to “You do not sell your Bitcoin.” Source: X – Michael Saylor dyor before investing
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Whale Moves $3.8M in PENDLE to Binance: Why You Shouldn't Be Exit Liquidity A prominent crypto whale has transferred $3.8 million worth of PENDLE tokens to Binance, sparking market anticipation. The transaction involved 1.1 million PENDLE tokens, according to Lookonchain. The whale still holds 1 million PENDLE, worth about $3.5 million. This whale has been active, accumulating 3.44 million PENDLE tokens between February 9 and April 27, 2023, at an average price of $0.32 per token. Such large movements often signal potential market shifts, as significant sales by whales can affect prices and investor sentiment. The whale’s strategy has yielded substantial gains. PENDLE's price surged from $0.92 last year to an all-time high of $7.50 in April 2024, and is currently trading at $3.54. This growth has piqued the interest of investors, including crypto trader Daan Crypto, who is closely monitoring PENDLE's price action. Pendle Finance, the protocol behind PENDLE, stands out in the DeFi space by allowing users to trade tokens while earning yields through a division into Principal Tokens and Yield Tokens. DYOR before investing
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