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Pepe Unchained Breaks the 40 Million USD Mark
Pepe Unchained has officially surpassed the 40 million USD mark in its presale, demonstrating the strong appeal of this project in the meme coin market. This success occurred over the past weekend, shortly after Pepe Coin was listed on Coinbase. Interest from large investors, also known as "whales", has significantly contributed to attracting capital for this project. Pepe Unchained is not just a simple copy of Dogecoin, but also brings groundbreaking technology through Layer 2 solutions, allowing for faster and more cost-effective transactions compared to Ethereum.
With strong growth potential and unique features, Pepe Unchained is predicted to reach the 50 million USD mark before the end of the presale phase. If you are looking for an exciting investment opportunity, this could be the ideal time to participate.
Pepe Unchained has officially surpassed the 40 million USD mark in its presale, demonstrating the strong appeal of this project in the meme coin market. This success occurred over the past weekend, shortly after Pepe Coin was listed on Coinbase. Interest from large investors, also known as "whales", has significantly contributed to attracting capital for this project. Pepe Unchained is not just a simple copy of Dogecoin, but also brings groundbreaking technology through Layer 2 solutions, allowing for faster and more cost-effective transactions compared to Ethereum.
With strong growth potential and unique features, Pepe Unchained is predicted to reach the 50 million USD mark before the end of the presale phase. If you are looking for an exciting investment opportunity, this could be the ideal time to participate.
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South Korea confirms North Korean hacker as the perpetrator of the Upbit exchange attack in 2019, recovering 4.8 BTC after 4 years
South Korean police have officially confirmed that the notorious North Korean hacker group Lazarus is behind the attack on the cryptocurrency exchange Upbit in November 2019. This attack resulted in the theft of 342,000 ETH, equivalent to about 49 million USD at that time, and today this amount is estimated to reach 1.068 billion USD. On November 21, 2024, after 5 years of investigation, this information was announced, marking the first time the South Korean government officially acknowledged North Korea's involvement in a major cryptocurrency attack.
The police also stated that, during the investigation, approximately 57% of the stolen ETH was converted by the hackers into Bitcoin and dispersed across various exchanges to launder money. By October 2023, South Korean police had discovered 4.8 BTC (equivalent to about 466,000 USD) at an exchange in Switzerland and had recovered this amount for Upbit. However, there are still many other ETH assets being laundered or stored at unidentified exchanges, making recovery difficult.
South Korean police have officially confirmed that the notorious North Korean hacker group Lazarus is behind the attack on the cryptocurrency exchange Upbit in November 2019. This attack resulted in the theft of 342,000 ETH, equivalent to about 49 million USD at that time, and today this amount is estimated to reach 1.068 billion USD. On November 21, 2024, after 5 years of investigation, this information was announced, marking the first time the South Korean government officially acknowledged North Korea's involvement in a major cryptocurrency attack.
The police also stated that, during the investigation, approximately 57% of the stolen ETH was converted by the hackers into Bitcoin and dispersed across various exchanges to launder money. By October 2023, South Korean police had discovered 4.8 BTC (equivalent to about 466,000 USD) at an exchange in Switzerland and had recovered this amount for Upbit. However, there are still many other ETH assets being laundered or stored at unidentified exchanges, making recovery difficult.
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Will Bitcoin reach $170,000 thanks to IBIT options activity?
In the current context, whether Bitcoin can reach the level of $170,000 due to IBIT options activity remains a complex question and depends on many factors. Recently, the launch of Bitcoin ETF options contracts has attracted strong interest from institutional investors. This not only comes with an increase in trading volume but also creates a more diverse investment environment for trading strategies.
Although there are many optimistic expectations from investors that Bitcoin could reach above $100,000, even up to $200,000 in the near future, that is merely a prediction and not guaranteed. Besides the factors from the options market, it's important to note that many macroeconomic factors and geopolitical security also strongly influence Bitcoin's price. Price volatility may increase in the upcoming period, especially with large-value options contracts set to expire.
In summary, while there may be supporting factors for the increase in Bitcoin's price, it cannot be definitively stated that Bitcoin will reach $170,000 solely due to IBIT options activity. Investors should closely monitor market fluctuations and the factors impacting the price.
In the current context, whether Bitcoin can reach the level of $170,000 due to IBIT options activity remains a complex question and depends on many factors. Recently, the launch of Bitcoin ETF options contracts has attracted strong interest from institutional investors. This not only comes with an increase in trading volume but also creates a more diverse investment environment for trading strategies.
Although there are many optimistic expectations from investors that Bitcoin could reach above $100,000, even up to $200,000 in the near future, that is merely a prediction and not guaranteed. Besides the factors from the options market, it's important to note that many macroeconomic factors and geopolitical security also strongly influence Bitcoin's price. Price volatility may increase in the upcoming period, especially with large-value options contracts set to expire.
In summary, while there may be supporting factors for the increase in Bitcoin's price, it cannot be definitively stated that Bitcoin will reach $170,000 solely due to IBIT options activity. Investors should closely monitor market fluctuations and the factors impacting the price.
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Viral TikTok Memecoin Has Helped Traders Make Millions of USD
The memecoin market has seen many cases where traders have made millions of USD thanks to viral meme coins on TikTok. For instance, one trader turned 16 USD into 3 million USD in just two weeks thanks to Peanut the Squirrel (PNUT). This trader invested in PNUT when it was still unknown and then witnessed its value soar to billions of USD, partly influenced by support from famous individuals like Elon Musk.
Additionally, there are other cases such as an investor who turned 727 USD into 2.44 million USD in just five days thanks to Goatseus Maximus (GOAT). This investor applied an effective profit-taking strategy, generating a return of 3,176 times the initial capital.
These success stories show that the combination of timely investment in trending memecoins and capital management skills can yield enormous profits for traders in this volatile environment. However, it is also important to note the high level of risk that comes with these investments.
The memecoin market has seen many cases where traders have made millions of USD thanks to viral meme coins on TikTok. For instance, one trader turned 16 USD into 3 million USD in just two weeks thanks to Peanut the Squirrel (PNUT). This trader invested in PNUT when it was still unknown and then witnessed its value soar to billions of USD, partly influenced by support from famous individuals like Elon Musk.
Additionally, there are other cases such as an investor who turned 727 USD into 2.44 million USD in just five days thanks to Goatseus Maximus (GOAT). This investor applied an effective profit-taking strategy, generating a return of 3,176 times the initial capital.
These success stories show that the combination of timely investment in trending memecoins and capital management skills can yield enormous profits for traders in this volatile environment. However, it is also important to note the high level of risk that comes with these investments.
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Những kinh nghiệm và công cụ cần thiết khi tham gia thị trường meêmcoin
Khi tham gia thị trường memecoin, có một số kinh nghiệm và công cụ cần thiết để tối ưu hóa cơ hội thành công. Đầu tiên, bạn nên tự định vị phong cách đầu tư của mình, chọn nhóm memecoin phù hợp với mức độ rủi ro chấp nhận được. Có thể tham gia vào các nhóm memecoin lớn (large cap) như DOGE hay SHIB, hoặc các loại nhỏ hơn (low-cap) với tiềm năng tăng trưởng cao, nhưng rủi ro lớn hơn .
Thứ hai, quản lý vốn là yếu tố sống còn trong đầu tư memecoin. Nên phân bổ nguồn vốn hợp lý và chỉ đầu tư bằng số tiền mà bạn có thể chấp nhận mất .
Ngoài ra, việc theo dõi các dự án memecoin mới và các xu hướng là rất quan trọng. Sử dụng các công cụ như CoinmarketCap để xem Top Trending và khối lượng giao dịch có thể giúp bạn nắm bắt khi nào thời điểm mua vào tốt nhất .
Cuối cùng, kiểm tra các điều kiện hợp đồng thông minh (smart contract) là cần thiết, như việc đảm bảo dự án không có các tính năng không lành mạnh như honeypot hay blacklist . Các nền tảng như Dextools và Etherscan có thể cung cấp thông tin chi tiết về các token mà bạn đang tìm hiểu .
Khi tham gia thị trường memecoin, có một số kinh nghiệm và công cụ cần thiết để tối ưu hóa cơ hội thành công. Đầu tiên, bạn nên tự định vị phong cách đầu tư của mình, chọn nhóm memecoin phù hợp với mức độ rủi ro chấp nhận được. Có thể tham gia vào các nhóm memecoin lớn (large cap) như DOGE hay SHIB, hoặc các loại nhỏ hơn (low-cap) với tiềm năng tăng trưởng cao, nhưng rủi ro lớn hơn .
Thứ hai, quản lý vốn là yếu tố sống còn trong đầu tư memecoin. Nên phân bổ nguồn vốn hợp lý và chỉ đầu tư bằng số tiền mà bạn có thể chấp nhận mất .
Ngoài ra, việc theo dõi các dự án memecoin mới và các xu hướng là rất quan trọng. Sử dụng các công cụ như CoinmarketCap để xem Top Trending và khối lượng giao dịch có thể giúp bạn nắm bắt khi nào thời điểm mua vào tốt nhất .
Cuối cùng, kiểm tra các điều kiện hợp đồng thông minh (smart contract) là cần thiết, như việc đảm bảo dự án không có các tính năng không lành mạnh như honeypot hay blacklist . Các nền tảng như Dextools và Etherscan có thể cung cấp thông tin chi tiết về các token mà bạn đang tìm hiểu .
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Ethereum will outperform Bitcoin and the price of ETH could rise to $10,000
Ethereum has the potential to outperform Bitcoin in the near future, especially with the prediction that the price of ETH could reach $10,000 by 2024. Key factors driving this potential include the ongoing improvement of the Ethereum network technology and the growing importance of DeFi (decentralized finance) and NFT (non-fungible tokens). Upcoming upgrades like EIP-4844 (Proto-Danksharding) are expected to significantly enhance network performance and transaction costs, thereby increasing the acceptance of ETH within the community.
Ethereum's historical performance shows robust growth, with a price increase rate of 90% year-to-date, along with a 271% return over the past three years. Compared to Bitcoin, Ethereum's potential for high gains indicates it is becoming a more attractive option for investors. Additionally, the increased adoption of Ethereum in enterprise applications and trading platforms also positively contributes to the price forecast.
However, investors should also be aware that the cryptocurrency market is highly volatile and any obstacles in the upgrade deployment process or regulatory changes could impact the value of ETH.
Ethereum has the potential to outperform Bitcoin in the near future, especially with the prediction that the price of ETH could reach $10,000 by 2024. Key factors driving this potential include the ongoing improvement of the Ethereum network technology and the growing importance of DeFi (decentralized finance) and NFT (non-fungible tokens). Upcoming upgrades like EIP-4844 (Proto-Danksharding) are expected to significantly enhance network performance and transaction costs, thereby increasing the acceptance of ETH within the community.
Ethereum's historical performance shows robust growth, with a price increase rate of 90% year-to-date, along with a 271% return over the past three years. Compared to Bitcoin, Ethereum's potential for high gains indicates it is becoming a more attractive option for investors. Additionally, the increased adoption of Ethereum in enterprise applications and trading platforms also positively contributes to the price forecast.
However, investors should also be aware that the cryptocurrency market is highly volatile and any obstacles in the upgrade deployment process or regulatory changes could impact the value of ETH.
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The Malaysian Ministry of Communications proposes to legalize digital currency
The Malaysian Ministry of Communications and Multimedia recently proposed to legalize several digital currencies, including Bitcoin, in the hope of supporting the increasingly active youth participation in this industry. Deputy Minister Zahidi Zainul Abidin emphasized that this will help promote youth engagement and create opportunities for them to develop in the digital currency field, particularly in transactions related to non-fungible tokens (NFTs).
However, this draft also faced opposition from the Malaysian Minister of Finance, Tengku Zafrul Aziz, who asserted that payments using cryptocurrencies such as Bitcoin and Ether remain illegal in the country due to their speculative nature and high price volatility. Currently, Malaysia has not officially recognized Bitcoin as legal tender but is seeking to research and develop its own digital currency from the Central Bank. The debate over the legalization of digital currency in Malaysia continues, especially when compared to El Salvador, the first country in the world to recognize Bitcoin as official currency.
The Malaysian Ministry of Communications and Multimedia recently proposed to legalize several digital currencies, including Bitcoin, in the hope of supporting the increasingly active youth participation in this industry. Deputy Minister Zahidi Zainul Abidin emphasized that this will help promote youth engagement and create opportunities for them to develop in the digital currency field, particularly in transactions related to non-fungible tokens (NFTs).
However, this draft also faced opposition from the Malaysian Minister of Finance, Tengku Zafrul Aziz, who asserted that payments using cryptocurrencies such as Bitcoin and Ether remain illegal in the country due to their speculative nature and high price volatility. Currently, Malaysia has not officially recognized Bitcoin as legal tender but is seeking to research and develop its own digital currency from the Central Bank. The debate over the legalization of digital currency in Malaysia continues, especially when compared to El Salvador, the first country in the world to recognize Bitcoin as official currency.
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Is DOGE the new national reserve currency of the United States replacing Bitcoin?
Dogecoin (DOGE) is attracting attention as a cryptocurrency, but its potential to become the national reserve currency of the United States remains uncertain. In the context of Donald Trump recently announcing the establishment of the "Department of Government Efficiency" (DOGE), there are reports that Billy Markus, the founder of Dogecoin, has proposed the idea of a national reserve fund for Dogecoin. However, this reflects more on the cultural and financial aspects of cryptocurrency rather than a practical plan.
While Bitcoin has established a strong position as a global reserve asset, Dogecoin, which originated from an internet joke, still lacks the necessary reliability to be considered a serious store of value. Both currencies have seen significant price growth recently, thanks to statements and moves from Trump and Elon Musk, but the differences between them remain stark.
Therefore, there is no solid basis for Dogecoin to replace Bitcoin as a national reserve currency in the near future.
Dogecoin (DOGE) is attracting attention as a cryptocurrency, but its potential to become the national reserve currency of the United States remains uncertain. In the context of Donald Trump recently announcing the establishment of the "Department of Government Efficiency" (DOGE), there are reports that Billy Markus, the founder of Dogecoin, has proposed the idea of a national reserve fund for Dogecoin. However, this reflects more on the cultural and financial aspects of cryptocurrency rather than a practical plan.
While Bitcoin has established a strong position as a global reserve asset, Dogecoin, which originated from an internet joke, still lacks the necessary reliability to be considered a serious store of value. Both currencies have seen significant price growth recently, thanks to statements and moves from Trump and Elon Musk, but the differences between them remain stark.
Therefore, there is no solid basis for Dogecoin to replace Bitcoin as a national reserve currency in the near future.
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Bitcoin ETFs purchased an additional $1.6 billion in the last 2 days, BTC price hits ATH of $97,600
The price of Bitcoin recently reached an all-time high (ATH) of around $97,600, thanks to strong buying pressure from Bitcoin ETFs, including an investment of up to $1.6 billion in the past two days. Demand from ETFs such as BlackRock's IBIT, Fidelity's FBTC, and ARK Invest's ARKB has significantly increased, causing the BTC price to continue its strong growth. This was noted after ETFs in the US were allowed to trade options starting on November 19, creating new momentum for Bitcoin's value.
Moreover, the derivatives market also saw a substantial increase, with the IBIT fund reaching $1.9 billion in options trading volume on its first trading day, with call options outnumbering put options by a ratio of 4.4 to 1. This indicates investors' optimism about Bitcoin's growth potential in the near future.
With these factors, it is very likely that Bitcoin will continue to be driven to new highs, but reaching $170,000 still depends on many other external factors such as macroeconomic conditions and political factors.
The price of Bitcoin recently reached an all-time high (ATH) of around $97,600, thanks to strong buying pressure from Bitcoin ETFs, including an investment of up to $1.6 billion in the past two days. Demand from ETFs such as BlackRock's IBIT, Fidelity's FBTC, and ARK Invest's ARKB has significantly increased, causing the BTC price to continue its strong growth. This was noted after ETFs in the US were allowed to trade options starting on November 19, creating new momentum for Bitcoin's value.
Moreover, the derivatives market also saw a substantial increase, with the IBIT fund reaching $1.9 billion in options trading volume on its first trading day, with call options outnumbering put options by a ratio of 4.4 to 1. This indicates investors' optimism about Bitcoin's growth potential in the near future.
With these factors, it is very likely that Bitcoin will continue to be driven to new highs, but reaching $170,000 still depends on many other external factors such as macroeconomic conditions and political factors.
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Two American pharmaceutical companies have recently decided to allocate a total of 1 million dollars into Bitcoin, reflecting a notable trend in the pharmaceutical industry. This investment indicates a movement of large businesses away from traditional assets and towards digital assets, such as Bitcoin, in order to diversify their portfolios and take advantage of the growth potential of cryptocurrency.
These companies may see Bitcoin not only as an attractive investment asset but also as a means to protect value amid rising inflation and an unstable economic situation. The growing interest of large institutions in cryptocurrency products could play a significant role in driving up Bitcoin prices and investor confidence in this field.
For more detailed and specific information about these companies as well as the pharmaceutical industry's moves towards Bitcoin, you may refer to recent financial newsletters and pharmaceutical industry reports.
These companies may see Bitcoin not only as an attractive investment asset but also as a means to protect value amid rising inflation and an unstable economic situation. The growing interest of large institutions in cryptocurrency products could play a significant role in driving up Bitcoin prices and investor confidence in this field.
For more detailed and specific information about these companies as well as the pharmaceutical industry's moves towards Bitcoin, you may refer to recent financial newsletters and pharmaceutical industry reports.
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South Africa, citizens can use Bitcoin or Ethereum to purchase real estate
In South Africa, the legalization of cryptocurrencies like Bitcoin and Ethereum is under consideration, and citizens can use them to buy real estate. However, this legality is still in development and there are no official specific regulations for the acceptance of cryptocurrencies in real estate transactions. The South African Reserve Bank has established a legal framework for cryptocurrencies, however, cryptocurrencies are still not considered legal tender but rather classified as assets.
Several cryptocurrency exchanges operating in South Africa, such as Luno, have begun to provide trading services for users and plan to expand their presence in this market. This opens up opportunities for the use of Bitcoin and Ethereum in asset transactions, including real estate, allowing consumers to make payments more flexibly.
Nonetheless, citizens and investors should exercise caution and ensure they thoroughly understand the legal and regulatory aspects before conducting transactions with cryptocurrencies in the real estate market.
In South Africa, the legalization of cryptocurrencies like Bitcoin and Ethereum is under consideration, and citizens can use them to buy real estate. However, this legality is still in development and there are no official specific regulations for the acceptance of cryptocurrencies in real estate transactions. The South African Reserve Bank has established a legal framework for cryptocurrencies, however, cryptocurrencies are still not considered legal tender but rather classified as assets.
Several cryptocurrency exchanges operating in South Africa, such as Luno, have begun to provide trading services for users and plan to expand their presence in this market. This opens up opportunities for the use of Bitcoin and Ethereum in asset transactions, including real estate, allowing consumers to make payments more flexibly.
Nonetheless, citizens and investors should exercise caution and ensure they thoroughly understand the legal and regulatory aspects before conducting transactions with cryptocurrencies in the real estate market.
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Elon Musk declares he has not advised anyone to invest in 'cryptocurrency'
Billionaire Elon Musk recently stated that he has never advised people to invest in cryptocurrency, despite having made supportive statements about this type of asset. At an event at the Qatar Economic Forum, Musk asserted: "I have never said that people should invest in cryptocurrency," and pointed out that companies like Tesla and SpaceX have purchased a small amount of Bitcoin, but that is only a small part of their total assets.
Although many people believe that Musk promotes cryptocurrency through social media posts, he emphasized that he does not directly encourage investment in any coins. These misunderstandings may stem from Musk's earlier announcement that Tesla would accept Bitcoin as a payment method, but he later abandoned this decision due to environmental concerns.
Musk is also known to be a supporter of Dogecoin, but he once again emphasized that he has never recommended that people invest in digital currency.
Billionaire Elon Musk recently stated that he has never advised people to invest in cryptocurrency, despite having made supportive statements about this type of asset. At an event at the Qatar Economic Forum, Musk asserted: "I have never said that people should invest in cryptocurrency," and pointed out that companies like Tesla and SpaceX have purchased a small amount of Bitcoin, but that is only a small part of their total assets.
Although many people believe that Musk promotes cryptocurrency through social media posts, he emphasized that he does not directly encourage investment in any coins. These misunderstandings may stem from Musk's earlier announcement that Tesla would accept Bitcoin as a payment method, but he later abandoned this decision due to environmental concerns.
Musk is also known to be a supporter of Dogecoin, but he once again emphasized that he has never recommended that people invest in digital currency.
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Dogecoin (DOGE) slows down after a strong surge
The price of Dogecoin (DOGE) is currently slowing down after a period of strong increase, specifically from a peak of $0.44 down to around $0.37, marking a decrease of nearly 5.1% in the past week. This comes in the context of the memecoin having reached its highest level in three years at $0.43 not long ago. This price drop is not surprising, as DOGE is known for its high volatility, and this trend is believed to be a result of reduced attention from external events, such as Donald Trump's victory in the elections, which contributed to significant momentum for DOGE earlier.
Additionally, the BBTrend indicator of DOGE has slightly decreased but remains above a key support level, indicating there is still some bullish momentum. However, the decline in the ADX indicator suggests that the bullish trend is weakening, which could signal a slowdown in momentum. Currently, DOGE's key resistance remains around $0.44, where the coin has struggled to break through. If it cannot maintain its upward momentum, DOGE may return to lower price levels.
The price of Dogecoin (DOGE) is currently slowing down after a period of strong increase, specifically from a peak of $0.44 down to around $0.37, marking a decrease of nearly 5.1% in the past week. This comes in the context of the memecoin having reached its highest level in three years at $0.43 not long ago. This price drop is not surprising, as DOGE is known for its high volatility, and this trend is believed to be a result of reduced attention from external events, such as Donald Trump's victory in the elections, which contributed to significant momentum for DOGE earlier.
Additionally, the BBTrend indicator of DOGE has slightly decreased but remains above a key support level, indicating there is still some bullish momentum. However, the decline in the ADX indicator suggests that the bullish trend is weakening, which could signal a slowdown in momentum. Currently, DOGE's key resistance remains around $0.44, where the coin has struggled to break through. If it cannot maintain its upward momentum, DOGE may return to lower price levels.
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Mr. Trump wants to appoint an official specializing in crypto policy
The new President of the United States, Donald Trump, is seeking candidates for a new position dedicated to cryptocurrency policy in his government. This is an unprecedented move aimed at creating a direct line of communication between the White House and regulatory agencies such as the SEC and CFTC, to shape the national strategy related to cryptocurrencies.
Among Trump's commitments, he has promised to fire SEC Chairman Gary Gensler, who is believed to have a tough policy on cryptocurrencies, and to establish a Presidential Advisory Council on cryptocurrency. Appointing officials friendly to the crypto industry to key leadership positions is part of Trump's plan to turn the United States into a cryptocurrency powerhouse.
Some potential candidates for this position may include leaders in the cryptocurrency industry or officials who have experience at agencies such as the SEC and CFTC, aimed at promoting a favorable legal environment for the development of cryptocurrencies in the U.S.
Hopefully, all of Trump's policies will untangle the issues for cryptocurrencies in general and allow coins released in the U.S. like XRP and ADA to grow strongly.
The new President of the United States, Donald Trump, is seeking candidates for a new position dedicated to cryptocurrency policy in his government. This is an unprecedented move aimed at creating a direct line of communication between the White House and regulatory agencies such as the SEC and CFTC, to shape the national strategy related to cryptocurrencies.
Among Trump's commitments, he has promised to fire SEC Chairman Gary Gensler, who is believed to have a tough policy on cryptocurrencies, and to establish a Presidential Advisory Council on cryptocurrency. Appointing officials friendly to the crypto industry to key leadership positions is part of Trump's plan to turn the United States into a cryptocurrency powerhouse.
Some potential candidates for this position may include leaders in the cryptocurrency industry or officials who have experience at agencies such as the SEC and CFTC, aimed at promoting a favorable legal environment for the development of cryptocurrencies in the U.S.
Hopefully, all of Trump's policies will untangle the issues for cryptocurrencies in general and allow coins released in the U.S. like XRP and ADA to grow strongly.
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Stablecoin FDUSD begins operation on the Sui blockchain
The FDUSD stablecoin has officially launched on the Sui blockchain, becoming the first stablecoin to be officially issued on this platform. This move marks an important expansion for FDUSD, which was previously available on Ethereum and BNB Chain. With each FDUSD token backed 1:1 by the US dollar, First Digital Labs hopes to increase liquidity and transaction efficiency for this stablecoin, while connecting traditional finance with the developing digital economy environment at Sui.
CEO Vincent Chok of First Digital Labs stated that integrating FDUSD into the Sui ecosystem will open up many new opportunities for users and developers. Sui, designed for high transaction speeds and good scalability, is considered an ideal platform for DeFi applications. FDUSD not only serves financial transactions but can also be used in various applications in the digital finance sector, such as payments and cross-border remittances.
The FDUSD stablecoin has officially launched on the Sui blockchain, becoming the first stablecoin to be officially issued on this platform. This move marks an important expansion for FDUSD, which was previously available on Ethereum and BNB Chain. With each FDUSD token backed 1:1 by the US dollar, First Digital Labs hopes to increase liquidity and transaction efficiency for this stablecoin, while connecting traditional finance with the developing digital economy environment at Sui.
CEO Vincent Chok of First Digital Labs stated that integrating FDUSD into the Sui ecosystem will open up many new opportunities for users and developers. Sui, designed for high transaction speeds and good scalability, is considered an ideal platform for DeFi applications. FDUSD not only serves financial transactions but can also be used in various applications in the digital finance sector, such as payments and cross-border remittances.
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SEC refunds 4.6 million USD to BitClave ICO investors
The U.S. Securities and Exchange Commission (SEC) has completed a compensation payment of 4.6 million USD to investors who participated in BitClave's ICO in 2017. This compensation is part of a settlement agreement that BitClave agreed to in 2020 after being accused of offering unregistered securities. The SEC has stated that BitClave violated federal securities regulations by creating and selling tokens to approximately 9,500 investors without the necessary registration.
This refund is part of the SEC's efforts to ensure the rights of investors in cryptocurrency investments, especially in light of the numerous scams and lack of transparency in the industry in recent years. Investors are currently receiving multiple checks as a way to recover a portion of the money invested in this ICO.
The U.S. Securities and Exchange Commission (SEC) has completed a compensation payment of 4.6 million USD to investors who participated in BitClave's ICO in 2017. This compensation is part of a settlement agreement that BitClave agreed to in 2020 after being accused of offering unregistered securities. The SEC has stated that BitClave violated federal securities regulations by creating and selling tokens to approximately 9,500 investors without the necessary registration.
This refund is part of the SEC's efforts to ensure the rights of investors in cryptocurrency investments, especially in light of the numerous scams and lack of transparency in the industry in recent years. Investors are currently receiving multiple checks as a way to recover a portion of the money invested in this ICO.
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Bitwise reveals intention to establish Solana ETF
Asset management company Bitwise has announced its intention to build an ETF fund for Solana, having registered to establish a trust fund for the Solana ETF in the state of Delaware. This is the first step in their strategy to launch the ETF, and they expect to file an S-1 application with the U.S. Securities and Exchange Commission (SEC) in the near future.
Bitwise will compete with other companies such as 21Shares, VanEck, and Canary Capital, which have also filed for the Solana ETF fund. Although there are currently no futures ETF products for Solana and the SEC has been cautious in approving cryptocurrency ETF products, many experts believe that with the change in the U.S. administration and expectations that the SEC will take a more open stance, the approval of the Solana ETF fund could happen by the end of 2025.
Katherine Dowling, Chief Compliance Officer of Bitwise, has also expressed an optimistic view that the leadership change at the SEC could be a key factor in driving approval for new ETF products like Solana.
Asset management company Bitwise has announced its intention to build an ETF fund for Solana, having registered to establish a trust fund for the Solana ETF in the state of Delaware. This is the first step in their strategy to launch the ETF, and they expect to file an S-1 application with the U.S. Securities and Exchange Commission (SEC) in the near future.
Bitwise will compete with other companies such as 21Shares, VanEck, and Canary Capital, which have also filed for the Solana ETF fund. Although there are currently no futures ETF products for Solana and the SEC has been cautious in approving cryptocurrency ETF products, many experts believe that with the change in the U.S. administration and expectations that the SEC will take a more open stance, the approval of the Solana ETF fund could happen by the end of 2025.
Katherine Dowling, Chief Compliance Officer of Bitwise, has also expressed an optimistic view that the leadership change at the SEC could be a key factor in driving approval for new ETF products like Solana.
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Former FTX Chief Technology Officer Gary Wang Not Sentenced to Prison
Former FTX Chief Technology Officer, Gary Wang, will not be sentenced to prison. In a recent trial, Wang was sentenced to a probationary term after considering his relatively minor role in the fraud related to the collapse of FTX in 2022. He pleaded guilty to multiple charges, but his cooperation with authorities and his limited role compared to others in the case contributed to this decision. Wang's lawyer argued that he was not involved in as many serious violations as his colleagues and that this should be taken into account at sentencing.
Wang is the fourth employee of FTX to be convicted, while other former executives like Sam Bankman-Fried have received heavier prison sentences, including 25 years for Bankman-Fried and 2 years for Caroline Ellison. The non-prison sentence for Wang reflects the court's trend of considering cooperation and the role of each individual in complex financial cases like FTX.
Former FTX Chief Technology Officer, Gary Wang, will not be sentenced to prison. In a recent trial, Wang was sentenced to a probationary term after considering his relatively minor role in the fraud related to the collapse of FTX in 2022. He pleaded guilty to multiple charges, but his cooperation with authorities and his limited role compared to others in the case contributed to this decision. Wang's lawyer argued that he was not involved in as many serious violations as his colleagues and that this should be taken into account at sentencing.
Wang is the fourth employee of FTX to be convicted, while other former executives like Sam Bankman-Fried have received heavier prison sentences, including 25 years for Bankman-Fried and 2 years for Caroline Ellison. The non-prison sentence for Wang reflects the court's trend of considering cooperation and the role of each individual in complex financial cases like FTX.
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Canada's investment fund raises an additional $3.6 million to buy SOL
Canada's SOL Global Investments fund has announced the raising of an additional $3.6 million through a new share issuance, with the goal of using this money to purchase Solana (SOL) tokens. In the agreement with underwriting organizations such as Canaccord Genuity Corp. and Clarus Securities Inc., the fund will issue up to 18 million shares at an issue price of $0.20 per share.
The investment in Solana is seen as a strategic move, especially as many venture capital funds predict that the price of SOL could reach at least $600 in the near future. This raised money will be used to buy SOL on cryptocurrency exchanges at market prices, and the obtained tokens will not be used as collateral for any company debt.
With the strong development of Solana and increasing interest from institutional investors, forecasts about the price appreciation potential of this token are being emphasized in the current market context.
Canada's SOL Global Investments fund has announced the raising of an additional $3.6 million through a new share issuance, with the goal of using this money to purchase Solana (SOL) tokens. In the agreement with underwriting organizations such as Canaccord Genuity Corp. and Clarus Securities Inc., the fund will issue up to 18 million shares at an issue price of $0.20 per share.
The investment in Solana is seen as a strategic move, especially as many venture capital funds predict that the price of SOL could reach at least $600 in the near future. This raised money will be used to buy SOL on cryptocurrency exchanges at market prices, and the obtained tokens will not be used as collateral for any company debt.
With the strong development of Solana and increasing interest from institutional investors, forecasts about the price appreciation potential of this token are being emphasized in the current market context.
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BlackRock's Bitcoin ETF options generate nearly $2 billion in trading on the first day
BlackRock's Bitcoin ETF options recorded nearly $2 billion in trading on the first day, specifically around $1.9 billion, according to data from Bloomberg. A total of approximately 354,000 contracts were executed, with 289,000 call orders and 65,000 put orders, indicating significant optimism among investors about Bitcoin's potential for price increases. The ratio of buy contracts to sell contracts reached 4.4:1, reflecting strong confidence that Bitcoin's price will continue to rise sharply in the near future.
This is an important milestone in the history of cryptocurrency trading, demonstrating the continued increasing demand for Bitcoin ETF products in the U.S. BlackRock's entry into this market is expected to attract more institutional and individual investors, making cryptocurrency-related financial products more appealing. This bustling trading not only provides momentum for Bitcoin's price but also opens up new avenues for derivative products in the cryptocurrency sector.
BlackRock's Bitcoin ETF options recorded nearly $2 billion in trading on the first day, specifically around $1.9 billion, according to data from Bloomberg. A total of approximately 354,000 contracts were executed, with 289,000 call orders and 65,000 put orders, indicating significant optimism among investors about Bitcoin's potential for price increases. The ratio of buy contracts to sell contracts reached 4.4:1, reflecting strong confidence that Bitcoin's price will continue to rise sharply in the near future.
This is an important milestone in the history of cryptocurrency trading, demonstrating the continued increasing demand for Bitcoin ETF products in the U.S. BlackRock's entry into this market is expected to attract more institutional and individual investors, making cryptocurrency-related financial products more appealing. This bustling trading not only provides momentum for Bitcoin's price but also opens up new avenues for derivative products in the cryptocurrency sector.
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🔥🔥 FLOKI Token price prediction for next year 2025! 🚀🚀🚀
👀 Floki Inu's price prediction for 2025 is looking bullish! According to CoinCodex, the token's price is expected to fluctuate between $0.000481 and $0.001325, with an average price of $0.000762.
👀 Monthly Price Predictions for 2025:
-January: $0.000707 (min), $0.000996 (avg), $0.001325 (max)
-February: $0.000775 (min), $0.000946 (avg), $0.001153 (max)
-March: $0.000972 (min).
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👀 THE IMPORTANCE AND POTENTIAL OF WEB3 SOCIAL NETWORKS: HOW CONTENTOS IS LEADING THE WAY:
Web3 social networks represent a transformative shift in the digital age, offering decentralized, user-driven platforms that empower individuals to own their data, monetize their content, and actively shape online communities. Unlike traditional platforms dominated by centralized entities, Web3 networks use blockchain technology to eliminate intermediaries, ensuring transparency, privacy, and fair value distribution.
The potential of Web3 lies in addressing critical challenges of the current internet, including data misuse, censorship, and monopolized revenue models. With user-centric ecosystems, these networks could redefine digital interaction.
Contentos is at the forefront of this revolution, reimagining the digital content landscape with its unique, blockchain-powered infrastructure. Unlike conventional platforms, Contentos offers a decentralized content ecosystem where creators retain ownership of their work, ensuring fair monetization and immutable copyrights. Its native token (COS) allows users to reward creators directly.
What makes Contentos truly unique is its blend of transparency and incentives. By integrating blockchain technology, it prevents manipulation and ensures equitable distribution of rewards. The platform’s focus on community engagement through tokenized ecosystems sets a new standard for creator empowerment.
#COSSocialFiRevolution @Contentos-COS $COS #Write2Earn! #HaveYouBinanced $BTC
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