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🛡️ The debate over Ethereum's classification heats up in court ⚖️ 💼 Consensys challenges SEC's claim that ETH is a security 📜 💬 MicroStrategy's Michael Saylor asserts ETH is indeed a security 🚨 📅 Predicts SEC will classify ETH as such this summer, rejecting spot Ethereum ETFs 🚫 🔍 Believes other altcoins like BNB, Solana, Cardano, and XRP will also be deemed securities 🛑 💰 Claims SEC won't approve any spot ETH ETFs, signaling mainstream rejection 📉 🌐 Argues Bitcoin is the sole cryptocurrency embraced by institutions, dismissing others 🪙 #MicroStrategy #eth‬ #BTC #ETF✅

🛡️ The debate over Ethereum's classification heats up in court ⚖️

💼 Consensys challenges SEC's claim that ETH is a security 📜

💬 MicroStrategy's Michael Saylor asserts ETH is indeed a security 🚨

📅 Predicts SEC will classify ETH as such this summer, rejecting spot Ethereum ETFs 🚫

🔍 Believes other altcoins like BNB, Solana, Cardano, and XRP will also be deemed securities 🛑

💰 Claims SEC won't approve any spot ETH ETFs, signaling mainstream rejection 📉

🌐 Argues Bitcoin is the sole cryptocurrency embraced by institutions, dismissing others 🪙

#MicroStrategy #eth‬ #BTC #ETF✅

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📈 SHIB recovered after a two-stage Shibarium hard fork, aiming for efficient consensus and lower fees. Validators compete for better fees and BONE token deposits. TREAT token gains traction for confidential transactions. 💰 SHIB traded at $0.000023, mid-range for a month, rallying from dips with volumes over $1B. Despite volatility, it aspires to be a Web3 hub for DeFi, gaming, and NFTs. 🔄 The Shibarium network enhances block production and communication, with over 1.7M wallets. Supported by 100 Validator Nodes, it optimizes fees and attracts users. 🚀 Shiba Inu grows its ecosystem with Shibarium, burning fees and integrating upgrades. It prepares for a privacy layer with TREAT token, raising $12M and attracting new buyers. 🔒 Despite risks, SHIB aims for utility and scalability. TREAT's rise indicates potential for significant gains. 🍬💼 #altcoins #SHİB
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📈 Australia's major stock exchange, ASX, is poised to approve several spot Bitcoin exchange-traded funds (ETFs) by the end of 2024. 🔍 VanEck Australia and BetaShares are among the fund issuers expecting approval, following similar moves in the US and Hong Kong. The surge in applications mirrors the success of US-based ETFs, which have amassed $53 billion in assets under management. 💼 📊 BetaShares’ head of digital, Justin Arzadon, sees the inflows into US ETFs as a catalyst for launching similar products in Australia, highlighting the enduring presence of digital assets. 💰 💡 Monochrome's CEO, Jeff Yew, anticipates Australian Bitcoin ETFs drawing in $3 billion to $4 billion in net inflows within three years, driven by demand from fund managers, SMSF investors, and retail investors. 🛡️ Yew emphasizes the regulatory oversight and safety afforded by Bitcoin ETFs compared to direct crypto exchange exposure, which he views as risky. Monochrome initially sought ASX approval for a Bitcoin ETF but shifted to Cboe Australia due to a more pragmatic timeline and transparent listing framework. 👍 Despite challenges with the ASX, Yew remains optimistic about Cboe Australia approving Monochrome’s application in the coming weeks. 📅 #AustraliaCrypto #SpotETF #ETF✅
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🚨 The largest recipient of the Friend.tech airdrop, "Murphys1d," swiftly sold over 55,000 tokens just hours after the airdrop, sparking concerns over the token’s price. Some users, like Luke Martin, faced difficulties claiming their airdrops, compounding the situation. 😞 📉 The new Friend.tech (FRIEND) token plummeted over 52.5% since launch, from $3.26 to $1.32, triggering panic selling among investors. The token's price fell over 32% within the last hour, according to CoinGecko data. 💸 🗣️ Anndy Lian, blockchain expert, believes the short-term impact of the whale's sell-off may not dictate the token's long-term trajectory. He suggests that the sell-off could lead to a more decentralized token distribution, reducing the risk of single entities controlling the project. 🔄 👨‍💼 However, Lian emphasizes that the token’s value depends on community trust in Friend.tech and how the team handles the situation. 🌱 The incident highlights the persistent issue of airdrop farmers, who exploit emerging protocols solely for rewards, exacerbating sell pressure and causing panic among legitimate users. 📉 #friend.tech #FriendTech
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Opinions on the EIGEN Stakedrop have sparked discussions on Crypto Twitter, with excitement and caution prevailing. Despite initial complaints about high gas fees and token distribution, the Eigen Foundation has responded positively to community feedback. 🎉 Good News: - Eigen Foundation giving away an additional 100 EIGEN tokens to over 280,000 users who interacted with EigenLayer before April 29th. - Tokens reflected in allocations claimed after May 10th, with measures to filter out possible Sybil accounts. 🔄 Adjustments: - Foundation accelerating plans for broader token distribution, aligning with community demands. - Clarifications provided on Timeline, Lockup Countdown, and Testnet user allocations to address community concerns. 📆 Timeline Clarification: - EIGEN unlockable after new features go live, set for September 30th, 2024. 🔒 Lockup Countdown: - Funds, including team funds, locked up for one year after EIGEN becomes transferable. Team unlock at 4% per month, fully unlocked in three years. 🛠 Testnet Users: - Complaints addressed regarding incorrect removal from eligibility list, updates to be provided soon. Eigen Foundation's responsiveness and clarifications demonstrate commitment to community engagement and transparency in navigating the EIGEN Stakedrop process. #altcoins #EigenLayer #eigen
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Understanding the Rollercoaster Ride of Renzo Token (REZ) Post-Binance Listing
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