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Max Cryptobuddy
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🎉Good news, crypto fam! Nigeria has dropped tax evasion charges against Binance executives.👏 - Tigran Gambaryan & Nadeem Anjarwalla, Binance's big guns, are off the hook. The Nigerian Federal Inland Revenue Service (FIRS) withdrew the charges, according to a tweet by journalist Alexander Onukwue. - The duo had been detained since February, with charges including failure to register with FIRS, not deducting VATs from crypto trades, and aiding users to neglect taxes. - Gambaryan, still detained in Nigeria, won't need to appear in court for the hearing now. But both execs are still defendants in a money laundering case. The saga started when Nigeria blamed Binance for the naira's devaluation against the dollar. Binance CEO Richard Teng claimed Nigerian officials demanded a $150 million bribe to settle the charges, which Nigeria called a diversionary tactic. What's your take on this? Share your thoughts below!💭 #Binance #CryptoNews

🎉Good news, crypto fam! Nigeria has dropped tax evasion charges against Binance executives.👏

- Tigran Gambaryan & Nadeem Anjarwalla, Binance's big guns, are off the hook. The Nigerian Federal Inland Revenue Service (FIRS) withdrew the charges, according to a tweet by journalist Alexander Onukwue.

- The duo had been detained since February, with charges including failure to register with FIRS, not deducting VATs from crypto trades, and aiding users to neglect taxes.

- Gambaryan, still detained in Nigeria, won't need to appear in court for the hearing now. But both execs are still defendants in a money laundering case.

The saga started when Nigeria blamed Binance for the naira's devaluation against the dollar. Binance CEO Richard Teng claimed Nigerian officials demanded a $150 million bribe to settle the charges, which Nigeria called a diversionary tactic.

What's your take on this? Share your thoughts below!💭 #Binance #CryptoNews

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🚀 Bitcoin's been stuck under $70K, but don't lose hope! 📊 According to CryptoQuant, we're not at peak euphoria yet. • Long-term holders are still dominating, forming a solid price support base. • Short-term holders? They're only about 35% of the realized cap. • This is similar to early stages of previous bull markets. So, what's the silver lining? 🌤️ The "relative scarcity" of short-term holders suggests a bear market isn't imminent and there's still room for a price rally. However, BTC holders are showing some fear, with a big 3-day drop in non-empty wallets. But Ethereum wallets are growing, showing sustained interest in the largest altcoin. So, what do you think? Can the retail crowd push BTC above $70K? Let's chat below! 💬 #Bitcoin #Crypto #DeFi
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🚀 Ethereum is crushing it! Leading the pack in fee generation with a whopping $180M in the past 30 days, according to Token Terminal. 📊 - Out of the top 20, only 5 are L1 blockchains and 1 is L2. The rest? All DeFi protocols. - Ethereum, Tron, Bitcoin, and Lido are the only ones generating over $100M in fees. - Uniswap DAO is the king of decentralized exchanges, while Aave rules the lending category. Ethereum's success is due to its high take rate (around 80%) and revenue from transaction fee burns. Plus, it pays relatively low token incentives to validators. 🎉 And guess what? The Ethereum ecosystem could get a major boost if spot Ether ETFs launch next month. This could pave the way for other altcoins too! 💪 What do you think about Ethereum's dominance? Let's chat in the comments! #DeFi #Ethereum #CryptoFees
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🚀Base, Coinbase's Ethereum layer-2 network, is smashing records with 270k daily active users on DEX, a 9% jump from the previous day! 🎉 🔹Base-powered DEXs have now surpassed BNB Chain, trailing only Solana in user base. 🔹Meme coin trading on Base is fueling this rapid adoption, with Base emerging as a hotspot for meme coin projects. 🔹Uniswap dominated Base activity, capturing 85% of users on June 17th. Base's DEX volume was $1.2 billion in March, but has since declined to just over $298 million daily. Uniswap accounted for 81.1% of this volume. 🔥Meme coins are shifting from Solana to Base, thanks to Base-based meme coins like DEGEN, AYB, BRETT, BSHIB, and BROGE. What's your take on this? Are you trading meme coins on Base? Let's chat in the comments! 💬 #DeFi #Layer2 #DAO
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🔔 Hashdex is making moves! The crypto asset management firm is seeking to launch an ETF backed by both Bitcoin and Ethereum. 🚀 📝 They've filed a form 19b-4 with the Nasdaq, requesting permission from the SEC to list shares of the Hashdex Nasdaq Crypto Index US ETF. 💼 The ETF's assets will be a mix of Bitcoin and Ethereum, with a market cap weighted exposure. As of May 27 prices, this would mean a 70.54% allocation to BTC, and a 29.46% to ETH. 🚫 The fund won't seek performance that is the multiple or inverse multiple of the Trust’s index, nor will it stake any Ethereum to earn yield. 🔐 Unlike other crypto ETFs, Hashdex plans to use multiple custodians for its assets, including Coinbase and BitGo. 🤔 Could Hashdex include more cryptos in the future? While the filing says it won't invest in any other spot crypto asset besides Bitcoin and Ethereum, there's some wiggle room if other cryptos get approved as commodities. 🗓️ The SEC has until March 2025 to approve or deny the product. What do you think? Will this open the floodgates for more crypto ETFs? Let's chat below! 👇 #CryptoNews #ETFs #Bitcoin #Ethereum
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🚀 Tether's CEO Paolo Ardoino is introducing aUSDT, a new gold-backed stablecoin. This clever move could see Tether earning on gold gains instead of U.S. Treasury Bills. 💰 - Gold has a long-term gain of 8% compared to T-Bills' 0-5%. - This could mean bigger profits for Tether. Analyst Willy Woo applauds the move, hinting at the possibility of a Bitcoin-backed bUSDT in the future. 🤔 - Tether is also launching Alloy, a platform for creating collateralized synthetic digital assets. - This is part of Tether's venture into real-world asset tokenization. Tether Gold (XAUt), which aUSDT is backed by, has a market cap of $572M. Tether leads the stablecoin market with $112.5B USDT in circulation. 🏆 What do you think about Tether's new move? Will gold-backed stablecoins be the next big thing? Share your thoughts below! 👇 #DeFi #Web3
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