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🎉Good news for Binance fans! 🎉 Nigeria has dropped tax evasion charges against Binance's top executives, Tigran Gambaryan and Nadeem Anjarwalla. 🙌 The Nigerian Federal Inland Revenue Service (FIRS) had previously accused Binance of four counts of tax evasion, with Gambaryan and Anjarwalla named as defendants. The charges included failure to register with the FIRS, neglecting to deduct value-added taxes (VATs) from crypto trades, and aiding users in tax evasion. 😱 However, the tax evasion case has taken a turn, with the charges against the executives being withdrawn. This means Gambaryan, who is still detained in Nigeria, will no longer need to appear in court for this case. Binance is now the sole defendant. 😮 But hold your horses! 🐎 The executives are still defendants in a money laundering case brought by the Economic and Financial Crimes Commission (EFCC). The saga continues... 😬 This all started when Nigeria blamed Binance for contributing to a forex crisis by allowing market manipulation and currency speculation on its platform. Binance CEO Richard Teng claimed Nigerian officials demanded a $150 million bribe to settle the charges, an accusation Nigeria called a diversionary tactic and attempted blackmail. 🤔 Meanwhile, U.S. lawmakers have appealed to the president to secure the release of the detained Binance executive due to his deteriorating health. Stay tuned for more updates! 📰

🎉Good news for Binance fans! 🎉 Nigeria has dropped tax evasion charges against Binance's top executives, Tigran Gambaryan and Nadeem Anjarwalla. 🙌

The Nigerian Federal Inland Revenue Service (FIRS) had previously accused Binance of four counts of tax evasion, with Gambaryan and Anjarwalla named as defendants. The charges included failure to register with the FIRS, neglecting to deduct value-added taxes (VATs) from crypto trades, and aiding users in tax evasion. 😱

However, the tax evasion case has taken a turn, with the charges against the executives being withdrawn. This means Gambaryan, who is still detained in Nigeria, will no longer need to appear in court for this case. Binance is now the sole defendant. 😮

But hold your horses! 🐎 The executives are still defendants in a money laundering case brought by the Economic and Financial Crimes Commission (EFCC). The saga continues... 😬

This all started when Nigeria blamed Binance for contributing to a forex crisis by allowing market manipulation and currency speculation on its platform. Binance CEO Richard Teng claimed Nigerian officials demanded a $150 million bribe to settle the charges, an accusation Nigeria called a diversionary tactic and attempted blackmail. 🤔

Meanwhile, U.S. lawmakers have appealed to the president to secure the release of the detained Binance executive due to his deteriorating health. Stay tuned for more updates! 📰

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🔥Hot off the press! BlackRock's CIO for index investments, Samara Cohen, has dropped some insights on the state of Bitcoin ETFs! 📈 Despite the recent success of spot Bitcoin ETFs, which have attracted a whopping $15 billion in inflows since their debut in January 2024, Cohen says financial advisors are still treading lightly. 🐾 According to Cohen, the volatility and infancy of Bitcoin and related ETFs are the main reasons behind this cautious approach. 🎢 Speaking at the Coinbase State of Crypto Summit, she revealed that about 80% of Bitcoin ETF purchases are made by self-directed investors, while registered financial advisors remain "wary." 😨 Cohen believes that this skepticism is part of the job for financial advisors, who are responsible for constructing portfolios and conducting risk analysis for their clients. 🧐 With Bitcoin's history of 90% price volatility, they're taking their time to thoroughly analyze data and assess risks. Blue Macellari, the head of digital assets strategy for T. Rowe Price, suggests that a 1% exposure to Bitcoin is seen as safe and comfortable. 🛡️ Meanwhile, Alesia Haas, the CFO of Coinbase, agrees that Bitcoin is on a "slow journey of adoption." 🐢 Cohen also points out that the regulatory environment is a factor, with crypto projects often in the crosshairs of regulators. 🎯 Despite these challenges, she remains optimistic that Bitcoin ETFs can serve as a bridge between cryptocurrency and traditional finance, especially for those wary of risk exposure. 🌉 So, while the Bitcoin ETF train might be moving slower than some would like, it's still chugging along! 🚂 Stay tuned for more updates! 🚀
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📢Hey there, BTC enthusiasts! 🚀 A recent FOMC meeting, more hawkish than expected, has caused investors to reduce their exposure to fixed-supply assets. This resulted in a whopping $600 million outflow from digital asset investment products. 😱 This is the largest outflow since March 22, 2024. The bearish sentiment is further fueled by recent price declines, with total assets under management (AuM) dropping from over $100 billion to $94 billion this week. 📉 Interestingly, the outflows were all about Bitcoin, with the cryptocurrency seeing $621 million in withdrawals. 📤 The bearish sentiment also triggered $1.8 million inflows into short-bitcoin investment products, indicating investors are betting against the asset's price rise. 🎲 On the flip side, Ethereum-based investment products saw inflows of $13.1 million over the past week. Altcoins like LIDO and XRP also saw inflows of $2 million and $1.1 million, respectively. Even Litecoin and Chainlink attracted $0.8 million each. 💰 Despite the positive sentiment around altcoin-based investment products, trading volume was low at $11 billion for the week, compared to the $22 billion weekly average this year. However, this figure is still higher than the $2 billion a week observed last year. 📊 In terms of regional distribution, the US saw the largest outflows for the week, recording $165 million. This negative sentiment extended to Switzerland, Canada, Sweden, and Hong Kong. However, Germany, Australia, and Brazil bucked the trend with inflows. 🌎 Stay tuned for more updates! 🚀🌕
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🚀Buckle up, Bitcoin lovers! Polkadot's DOT is down 4% weekly, trading around $6.20. But don't let that fool you, a potential resurgence might be on the horizon. 🌅 Analysts are seeing this as an accumulation phase for the asset, with a bullish outlook if it holds above a certain resistance level. 🐂 Polkadot's native token hasn't been as severely affected as other leading cryptocurrencies during the recent market correction. Despite being down 4% weekly, it's still hovering around the $6.20 level. Analysts like Michael van de Poppe and Crypto Tony are predicting a significant resurgence in the coming months. They believe that DOT is reaching a crucial area of support and accumulation. 📈 Van de Poppe even predicts that DOT will be a "great mover in the coming years" based on the numerous projects within the Polkadot ecosystem, such as the growing RWA industry. Crypto Tony, on the other hand, thinks that the bullish trend could be interrupted if the asset slips below the $5.80 mark. But if it can hold for a few weeks, he'll look for an entry. 🎯 Other analysts like Crypto Thanos and il Capo of Crypto also have high hopes for DOT based on several fundamentals. So, keep your eyes peeled, folks! The Bitcoin world is full of surprises and Polkadot's DOT might just be the next big thing! 🎉🚀
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🚀Buckle up, BTC enthusiasts! Shiba Inu's layer-2 scaling solution, Shibarium, is making waves! 🌊 The number of new accounts on the network skyrocketed by over 860% in just one day! 💥 However, it's not all sunshine and rainbows. 🌈 Daily transactions on the network took a 65% nosedive, and Shiba Inu's price fell 20% in the last 14 days. 😱 Shibarium, which officially launched in August 2023, has been turning heads with its rapid progress. 🏃‍♂️ It recently celebrated processing over five million blocks and surpassing 400 million total transactions. 🎉 Despite the recent dip, Shibarium has been busy upgrading. They've launched a new user interface and introduced a hard fort to improve user experience and speed up block processing times. 🛠️ Shibarium's goal? To boost the Shiba Inu ecosystem and outshine its meme coin rivals by enhancing scalability, reducing transaction costs, and speeding things up. 🚀 So, keep your eyes peeled, folks! Shibarium might just be the dark horse in the race. 🐎
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🚀Hey there, BTC enthusiasts! Let's take a quick detour and talk about Ethereum for a moment. It's not all about price, you know. The latest buzz is all about scaling solutions, and boy, are they thriving! 🎉 According to L2beat, Ethereum's scaling networks achieved a new all-time high of 246 transactions per second (TPS) on June 16. That's a whopping 21.2 million transactions in a single day! 📈 The higher the TPS, the more transactions the blockchain can process simultaneously, leading to faster transaction times. Leading the pack is Xai, an Arbitrum-based Layer 3 game network for Ethereum developed by Offchain Labs. Xai contributed a massive 41% of the total TPS across the Ethereum ecosystem. Base and Arbitrum followed in second and third places, respectively. Another Layer 3 player, Proof of Play Apex, focused on gaming applications, secured fourth place. 🏆 However, it's not all rosy. Despite their high TPS, some networks, like Xai and Proof of Play Apex, have underperformed in terms of total value locked (TVL). In contrast, Arbitrum One and Coinbase’s Base are the two largest scaling solutions on the Ethereum network in terms of TVL. So, while we're all about BTC, it's worth keeping an eye on Ethereum's scaling solutions. They're reaching new heights, and that's something to celebrate! 🎊
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