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SOLANA'S JITO NETWORK UNVEILS JTO GOVERNANCE TOKEN AND AIRDROP FOR COMMUNITY MEMBERS

Jito Network, a decentralized finance (DeFi) platform built on the Solana blockchain, has announced the launch of its native governance token, JTO, and an airdrop for community members.

The JTO token will serve as the governance token for the Jito Network ecosystem, allowing token holders to participate in decision-making processes and vote on proposals related to the platform's development and governance. It will also provide holders with various benefits and incentives within the ecosystem.

To distribute the JTO tokens to the community, Jito Network has announced an airdrop program. Community members who have interacted with the platform by providing liquidity, borrowing, or lending on Jito Network will be eligible to receive the airdropped tokens. The exact details of the airdrop, including the amount of tokens to be distributed and the eligibility criteria, will be announced soon.

Jito Network aims to provide a seamless DeFi experience on the Solana blockchain, offering users high-speed transactions, low fees, and scalability. The platform allows users to lend, borrow, and trade various digital assets, as well as earn yield through liquidity provision.

The introduction of the JTO governance token and the airdrop program is expected to further incentivize community participation and engagement, as well as empower token holders to have a say in the platform's future development.

Jito Network is one of the many DeFi projects emerging on the Solana blockchain, which has gained popularity for its fast transaction speeds and low fees compared to other popular blockchains like Ethereum. With the launch of the JTO token and the airdrop, Jito Network aims to strengthen its position in the Solana DeFi ecosystem and attract more users to its platform.$BTC $XRP $USDC #SolanaPriceSurge #SolanaAirdrop

BINANCE RED🧧PACKET 🎁 GIVEAWAY

https://s.binance.com/td3bNRn5

The Binance Red Packet Giveaway is a promotional campaign organized by Binance, one of the largest cryptocurrency exchanges in the world. During this giveaway, Binance users have the opportunity to win various prizes in the form of "red packets."

Red packets are a traditional Chinese way of gifting money during special occasions, such as the Lunar New Year. In the context of this giveaway, Binance users can claim red packets that contain different amounts of cryptocurrencies, such as Bitcoin, Ethereum, or Binance Coin (BNB).

To participate in the Binance Red Packet Giveaway, users need to complete specific tasks or meet certain criteria set by Binance. These tasks can include trading a certain amount of cryptocurrencies, referring new users to the platform, or participating in promotional activities.

The giveaway aims to encourage user engagement and promote the use of cryptocurrencies on the Binance platform. It also serves as a way for Binance to reward its users and attract new customers.

It's important to note that the Binance Red Packet Giveaway is a time-limited event and may have specific terms and conditions that participants need to follow. Users are advised to read and understand the rules before participating to ensure a fair and enjoyable experience.

PYTH NETWORK RETROSPECTIVE AIRDROP CLAIM PROCESS TO LAUNCH ON NOVEMBER 20#etf #crypto #BTC #JUP #MATIC $BTC $ETH $SOL

We are excited to announce that the Pyth Network Retrospective Airdrop Claim Process will be launching on November 20th. This process will allow eligible participants to claim their PYTH tokens from the retrospective airdrop.

To participate in the claim process, users must have held SOL or SPL tokens in their Solana or Serum wallets during the snapshot taken on October 28th, 2023. The amount of PYTH tokens that participants are eligible to claim will be based on their proportional share of the total snapshot value.

Here is a step-by-step guide on how to claim your PYTH tokens:

1. Visit the Pyth Network website and navigate to the Airdrop Claim page.

2. Connect your Solana or Serum wallet to the website.

3. Verify that your wallet address is eligible for the airdrop. If your wallet address is eligible, you will see the amount of PYTH tokens you can claim.

4. Click on the "Claim" button to initiate the claim process.

5. Follow the on-screen instructions to complete the claim process. This may involve signing a transaction using your connected wallet.

6. Once the claim process is completed, the PYTH tokens will be transferred to your wallet address.

Please note that there may be gas fees associated with the claim process, which will be paid by the participant.

It is important to ensure that you are using the official Pyth Network website and not a phishing website. Always double-check the URL and make sure it starts with "https://pyth.network".

We encourage all eligible participants to claim their PYTH tokens during the claim process window. The claim process will be open for a limited time, so make sure to claim your tokens before the deadline.

If you have any questions or need assistance with the claim process, please reach out to the Pyth Network support team.

Thank you for your support and participation in the Pyth Network Retrospective Airdrop. We look forward to seeing the PYTH tokens in your wallets!

TERRAFORM LABS' DO KWON LOSES APPEAL IN MONTENEGRO PASSPORT FRAUD CASE
#etf #crypto #BTC $BTC $ETH $SOL

Terraform Labs' co-founder and CEO, Do Kwon, has lost his appeal in a Montenegro passport fraud case. Kwon was accused of obtaining a fraudulent Montenegrin passport in 2018, which he used to travel to the United States. The Montenegrin authorities had issued an international arrest warrant for Kwon, and he was arrested in December 2020 while trying to enter South Korea.

Kwon's appeal was denied by the Montenegrin court, which upheld the previous decision to extradite him to Montenegro to face charges. The court deemed that there was sufficient evidence to support the charges against Kwon and that he should be held accountable for his actions.

The passport fraud case has raised concerns about Kwon's credibility and the impact it could have on Terraform Labs, the company behind the popular blockchain platform, Terra. Kwon has been a key figure in the development and success of Terra, which has gained significant traction in the decentralized finance (DeFi) space.

Terraform Labs has not yet issued an official statement regarding the outcome of Kwon's appeal. It remains to be seen how this legal situation will affect the company and its operations moving forward.

$BTC $ETH $BNB AAVE COMPANIES EVOLVES INTO AVARA, ACQUIRES WEB3 STARTUP LOS FELIZ ENGINEERING
#crypto #BTC #etf #ShibaInuUpdate #Doge🦊

Aave Companies, a prominent player in the decentralized finance (DeFi) space, has announced its rebranding as Avara. Alongside the rebranding, Avara has also made an acquisition, taking over Los Feliz Engineering, a web3 startup.

The decision to rebrand as Avara reflects the company's broader vision and its commitment to expanding its services beyond just lending and borrowing. Avara aims to become a comprehensive financial services platform in the DeFi ecosystem, offering a wide range of products and solutions to its users.

The acquisition of Los Feliz Engineering further strengthens Avara's position in the web3 space. Los Feliz Engineering is known for its expertise in building decentralized applications (dApps) and smart contracts on various blockchain networks. By bringing Los Feliz Engineering into its fold, Avara gains access to a talented team of developers and engineers who will contribute to the company's product development and innovation.

Avara plans to leverage Los Feliz Engineering's capabilities to enhance its existing offerings and develop new features that cater to the evolving needs of its users. The acquisition aligns with Avara's strategy to be at the forefront of technological advancements in DeFi and to provide cutting-edge solutions to its customers.

The rebranding and acquisition come at a time when the DeFi industry is experiencing rapid growth and attracting significant attention from traditional financial institutions and investors. Avara aims to capitalize on this momentum and solidify its position as a leader in the DeFi space.

With the new name and the addition of Los Feliz Engineering to its team, Avara is poised to embark on an exciting phase of growth and innovation. The company's expanded focus and strengthened capabilities position it well to meet the changing demands of the DeFi ecosystem and to drive the adoption of decentralized finance solutions.

$ETH ##BTC ##$SEC DELAYS DECISION ON HASHDEX $BTC BITCOIN SPOT ETF APPLICATION, GRAYSCALE ETHER FUTURES FILING

#Coindesk
$BTC

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the HashDex Bitcoin Spot ETF application. The agency has extended the review period for the proposed exchange-traded fund (ETF) until January 2023. The ETF, filed by asset manager Hashdex, aims to track the performance of bitcoin. The SEC has previously delayed several other bitcoin ETF applications, citing concerns over market manipulation and investor protection.

In addition to the HashDex Bitcoin Spot ETF, the SEC has also delayed its decision on a filing by Grayscale Investments for a futures-based ETF that would track the performance of ether. The agency has extended the review period for the Grayscale Ether Futures ETF until January 2023 as well. Grayscale is one of the largest digital asset managers, and its filing represents the latest attempt to launch a regulated ether futures ETF.

The SEC's delay in making a decision on these ETF applications is not uncommon. The agency has been cautious in approving cryptocurrency-related products, citing concerns over market manipulation, custody, and investor protection. While several countries, including Canada and Brazil, have already approved bitcoin ETFs, the U.S. has yet to give the green light for such products.

Investors and industry participants are eagerly awaiting the SEC's decision on these ETF applications, as approval could open the floodgates for institutional investment in cryptocurrencies. ETFs are seen as a more accessible and regulated way for investors to gain exposure to digital assets.

JUSTIN SUN LED POLONIEX SET TO RESUME OPERATIONS AFTER RECENT HACK
$BTC

Poloniex, a cryptocurrency exchange, is set to resume operations after a recent hack under the leadership of Justin Sun, the founder of TRON. The exchange was hacked in mid-October, resulting in the loss of around 1,800 Bitcoin (BTC), worth approximately $20 million at the time.

Following the hack, Sun's TRON Foundation acquired Poloniex and has been working to enhance the platform's security measures. The exchange is now ready to resume full operations, ensuring that users' funds are secure.

Sun has stated that the TRON Foundation has implemented a comprehensive plan to improve Poloniex's security and risk management systems. The exchange has undergone a thorough review and upgrade of its infrastructure and has implemented enhanced security measures to prevent future hacks.

Poloniex will also introduce a new insurance fund to provide an additional layer of protection for users' funds. This fund will be used to cover any potential losses in the event of a hack or security breach.

Additionally, Poloniex will introduce a new feature called "Socialized Losses," which will distribute any losses incurred during a hack across all users. This mechanism aims to ensure that no individual user bears the full burden of a security breach.

The resumption of operations for Poloniex is a significant step forward for the exchange and its users. With the implementation of enhanced security measures and risk management systems, the exchange aims to rebuild trust and provide a secure trading environment for its users.