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$DOGE It's A Historic Day For Doge 👑 Tesla Now Accepts Dogecoin As A Payment Method 💥🎉💥✨ The King of the memecoin sector adds a significant milestone in its journey. Tesla has now added dogecoin as an official payment method on some of its selected merchandise and accessories and mentioned the same on their official website. 🪙 It's a news that has set the entire memecoin sector on a run fest as well and today we're witnessing that in the top memecoins. Be it Shib, Pepe, Floki, Wif all of them are pumping hard. Let's get ready for some action friends. #DogecoinDay #altcoins #BullorBear #buythedip #CryptoWatchMay2024 $DOGE

$DOGE It's A Historic Day For Doge 👑

Tesla Now Accepts Dogecoin As A Payment Method 💥🎉💥✨

The King of the memecoin sector adds a significant milestone in its journey. Tesla has now added dogecoin as an official payment method on some of its selected merchandise and accessories and mentioned the same on their official website.

🪙 It's a news that has set the entire memecoin sector on a run fest as well and today we're witnessing that in the top memecoins. Be it Shib, Pepe, Floki, Wif all of them are pumping hard.

Let's get ready for some action friends.

#DogecoinDay #altcoins #BullorBear #buythedip #CryptoWatchMay2024

$DOGE

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Here's Why The Australian Spot Bitcoin ETF Stands Out 🦾 📈 In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption. This feature allows them to directly exchange their Bitcoin for units of the ETF (IBTC) and vice versa, globally. This is quite different from other Bitcoin ETFs, especially those offered in the U.S. and Hong Kong, where investors typically deal with Authorized Participants (APs), who act as intermediaries. 🪙 Benefits of IBTC for borrowers and Bitcoin miners Compared to borrowing through pure coin loans, Mow emphasized that using IBTC as collateral offers potential advantages as it is considered a more established financial product. According to him, borrowing through IBTC might come with a better loan-to-value ratio (LVR) and lower interest rates than traditional pure coin loans. In addition, Bitcoin holdings of the ETF would not need to leave cold storage, even when borrowed against. This eliminates the risk of investors losing their Bitcoin holdings due to hacks or other security issues. For Bitcoin miners, this feature could be a game-changer to help expand their operations. Bitcoin miners might use the IBTC borrowing option to access capital without selling their Bitcoin holdings. #StartInvestingInCrypto #MicroStrategy #BlackRock #BinanceLaunchpool #Megadrop
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