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LBank Unveils Brand Evolution, Empowering Advanced Trading Experience https://news.bitcoin.com/lbank-unveils-brand-evolution-empowering-advanced-trading-experience/
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Once trading at just $20, #Solana dominated crypto in 2024, fueled by a meme coin frenzy and @phantom Wallet topping app store charts. From near collapse to crypto darling, Solana’s resurgence is one for the books.
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🇸🇻 Market participants, including El Salvador, are eagerly awaiting the DOJ's next steps regarding the bitcoin seized from the Silk Road takedown. President Nayib Bukele (@nayibbukele) recently hinted at potentially acquiring some of these coins, eyeing the market dip as an opportunity! 📉💰 In response to news of a federal judge approving the sale of these assets, Bukele quipped, "Maybe we’ll all get the chance to buy bitcoin at a discount!" Despite recent price pullbacks, Bukele has ramped up his strategic bitcoin reserve strategy, with the Salvadoran Bitcoin Office reporting a new purchase of 11 BTC on January 8. This follows his commitment to a daily purchase of 1 BTC, making El Salvador a leader in nation-state dollar-cost averaging. However, the DOJ's potential sale of nearly 70,000 BTC could clash with President-Elect Donald Trump's (@realDonaldTrump) stance, who advocates for holding all government-held bitcoin. What do you think will happen next? Let us know your thoughts! 💬
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🌍 Exciting news from Bitfinex! The cryptocurrency exchange has officially moved its derivatives services division to El Salvador, now operating under a new local entity, Bitfinex Derivatives El Salvador S.A. de C.V. 🇸🇻💼 With the recent acquisition of a Digital Asset Service Provider (DASP) license, Bitfinex is set to provide enhanced trading solutions to its customers. 📈✨ To continue using these services, customers will need to approve a new set of service terms. Bitfinex emphasizes its commitment to supporting El Salvador as a "key digital asset financial centre." This move aims to strengthen their mission of delivering innovative trading solutions, particularly to underserved regions in Latin America. What are your thoughts on this development? Let us know! 💬
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Institutional interest in Bitcoin mining stocks is growing in 2024 📈💼 - Core Scientific and TeraWulf see major gains in institutional ownership - AI/HPC partnerships are attracting investors to larger miners - Smaller miners like Bit Digital are performing well but have less institutional backing Let us know what you think about the institutional interest in these stocks in the comments below!
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