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This time I just made an Ethereum Red packet for my followers
$ETH Ethereum box For U Click this Link
You can use this code Also
🤑 BPBZATI0P6 🤑
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Mantra (OM) Reaches New All-Time High Amidst Market Surge. Mantra (OM) soared to a new all-time high earlier today, driven by a surge in market activity and investor interest. The cryptocurrency briefly touched $1.32 at approximately 01:15 UTC before experiencing a slight correction. Despite this, OM remains up by 21% over the past 24 hours, currently trading at $1.28. Over the past week, Mantra has demonstrated impressive performance, recording a 39% increase, leading the growth among the top 100 cryptocurrencies. The token's market capitalization has surpassed $1 billion, positioning it as the 69th largest digital asset. Additionally, OM's daily trading volume saw a significant rise of 266%, reaching $80 million. Data from Santiment reveals a notable increase in the number of active Mantra addresses, which jumped by 98% in the last 24 hours from 157 to 310. This suggests that many OM holders are capitalizing on short-term profits while the token continues to exhibit strong growth. The market intelligence platform also reports that Mantra's total open interest climbed from $36.7 million to $45.3 million within the last day. Such a spike in open interest often precedes high price volatility due to increased liquidations. The overall funding rate for OM, as aggregated by Santiment, is currently at a negative 0.007%. This indicates a predominance of short position holders over long position holders, with traders anticipating a pullback. Further price increases could potentially trigger at least $1.5 million in liquidations. Moreover, Mantra's Relative Strength Index (RSI) stands at 77, suggesting that the token is overbought at its current price level. A drop in the RSI below the 50 mark would signal a return to the growth zone for OM. $OM

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MicroStrategy's founder, Michael Saylor, recently highlighted the remarkable growth of the company's stock price over the past four years, drawing a comparison with Nvidia's performance. Saylor attributed MicroStrategy's success to its strategic focus on Bitcoin. Since August 10, 2020, when MicroStrategy began investing in Bitcoin, the company's shares have surged by an impressive 1203%. In contrast, Nvidia's securities have seen a substantial yet lesser increase of 1050% over the same period. Saylor emphasized that MicroStrategy's significant gains are primarily due to its Bitcoin investment strategy. As the largest corporate holder of Bitcoin, MicroStrategy currently controls 226,331 BTC, boasting an unrealized profit exceeding $14 billion. In 2024 alone, MicroStrategy's (MSTR) shares have soared over 250%. Meanwhile, Nvidia's growth has been notable, though not as pronounced, with a 175% increase. Despite this, Nvidia achieved the distinction of becoming the world's most valuable company, with its market capitalization reaching an astonishing $3.33 trillion.$BTC $ETH $XRP

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Today, 44,000 BTC (approximately $2.8 billion) were transferred from Mt. Gox wallets to Bitbank and an unidentified address. This transaction occurred as Bitcoin's price dipped below $63,000. Experts speculate this transfer might serve as a preliminary step before larger debt repayments. Mt. Gox initiated its repayment process on July 5, channeling funds through Kraken, Bitstamp, SBI, Bitbank, and BitGo. The Mt. Gox wallet still retains more than 138,900 BTC (worth around $8.8 billion). $BTC $PEPE $WIF

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China May Reconsider Bitcoin Ban: A Potential Policy Shift Could Impact Global Crypto Market. China may be on the brink of a significant policy shift regarding cryptocurrency, with rumors suggesting a potential easing of its Bitcoin ban by late 2024. This move could mark a dramatic change from China's historically stringent stance on digital currencies. China's regulatory journey began in 2013 with a ban on financial institutions conducting Bitcoin transactions, which set the tone for a series of restrictions aimed at controlling the growth of the cryptocurrency market within the country. By 2017, China had banned initial coin offerings (ICOs) and shut down domestic cryptocurrency exchanges. The crackdown intensified in 2021 with prohibitions on cryptocurrency mining and all crypto-related transactions. Despite these stringent measures, demand for cryptocurrencies in China has remained robust. Many Chinese users have resorted to using overseas exchanges and underground markets to continue their crypto activities. If the ban is lifted, China’s re-entry into the global cryptocurrency market could have substantial implications. As one of the world's largest economies, China's participation could significantly boost trading volumes and drive up digital currency prices. Moreover, lifting the ban could unleash a wave of innovation in the cryptocurrency sector. Given China’s technological capabilities, the country could contribute to the development of new blockchain applications, potentially setting new industry standards. However, while the prospect of China easing its cryptocurrency ban is still speculative, the potential impact on the global market could be profound. Increased trading activity and innovation are likely benefits, but the move also brings the risk of heightened regulation, which could pose challenges for the broader crypto ecosystem. The global cryptocurrency community will be watching closely to see if these rumors materialize and what the subsequent regulatory landscape will look like. $BTC $DAR $ALICE

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Following a recent court ruling in Illinois, US, that classified Bitcoin and Ethereum as commodities, stakeholders in Nigeria are urging the country's Securities and Exchange Commission (SEC) to adopt a similar stance. This move is driven by the need for clarity and proper categorization as cryptocurrencies become more integral to the global financial landscape. Lucky Uwakwe, Chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), emphasized the importance of clear guidelines. He suggested that the Nigerian SEC should define asset classes for cryptocurrencies and explain their classifications as either securities or commodities, which would help creators understand the regulatory requirements. In Nigeria, digital commodities have not received as much attention as physical commodities, which the Commodity Board has traditionally focused on. However, several government agencies, including the Central Bank of Nigeria (CBN), the SEC, the Federal Inland Revenue Service (FIRS), and the National Security Adviser (NSA), have shown interest in the regulatory aspects of cryptocurrencies. Oladotun Wilfred Akangbe, Chief Marketing Officer of Flincap, highlighted the multifaceted nature of cryptocurrencies like Bitcoin and Ethereum, noting their significant value as assets. He argued that the SEC should focus on their use as fundraising tools, such as in initial coin offerings (ICOs). Local crypto analyst Rume Ofi also pointed out that each cryptocurrency is unique and should be individually assessed to determine its classification as a security or commodity. By classifying Bitcoin and Ethereum as commodities, the Nigerian SEC could provide much-needed clarity and stability to the market, fostering innovation while ensuring regulatory compliance. $BTC $ETH $ICP #SEC败诉 #ETH_ETFs_Approval_Predictions #NigeriaCrypto #Nigeria's #BTC☀

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