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Grayscale Investments announced the launch of the Grayscale Avalanche Trust on Thursday, providing accredited investors with a new opportunity to gain exposure to cryptocurrency.
According to a Grayscale Investments press release, the newly established trust focuses on Avalanche (AVAX), a blockchain platform designed to optimize scalability, security, and decentralization.
Grayscale Brings AVAX for Accredited Investors
The Trust is now open for daily subscription and operates similarly to Grayscale’s other single-asset investment trusts. It concentrates solely on investing in the AVAX token, which powers the Avalanche network and is also known for its role in facilitating real-world asset (RWA) tokenization. $AVAX
#Laraxenteam #laraxen #LaraxenFamily
Grayscale Investments announced the launch of the Grayscale Avalanche Trust on Thursday, providing accredited investors with a new opportunity to gain exposure to cryptocurrency.
According to a Grayscale Investments press release, the newly established trust focuses on Avalanche (AVAX), a blockchain platform designed to optimize scalability, security, and decentralization.
Grayscale Brings AVAX for Accredited Investors
The Trust is now open for daily subscription and operates similarly to Grayscale’s other single-asset investment trusts. It concentrates solely on investing in the AVAX token, which powers the Avalanche network and is also known for its role in facilitating real-world asset (RWA) tokenization. $AVAX
#Laraxenteam #laraxen #LaraxenFamily
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NEW: 🇲🇾 Malaysian authorities are destroying #Bitcoin mining rigs as part of a wider crackdown on operations illegally siphoning electricity from the national grid. Police officials from the Perak District recently destroyed 985 mining rigs valued at RM1.98 million ($452,500). #Laraxenteam #laraxen #LaraxenFamily
NEW: 🇲🇾 Malaysian authorities are destroying #Bitcoin mining rigs as part of a wider crackdown on operations illegally siphoning electricity from the national grid. Police officials from the Perak District recently destroyed 985 mining rigs valued at RM1.98 million ($452,500). #Laraxenteam #laraxen #LaraxenFamily
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#### Jerome Powell Hints at Imminent Interest Rate Cuts
**Central Bank's Strategy to Strengthen Labor Market**
Jerome Powell has indicated that the Federal Reserve plans to implement interest rate cuts soon. This move aims to counteract any additional weakening in the U.S. labor market. Powell stated, "We do not seek or welcome further cooling in labor market conditions. The time has come for policy to adjust."
#LaraxenTeam #Laraxen #LaraxenFamily
#### Jerome Powell Hints at Imminent Interest Rate Cuts
**Central Bank's Strategy to Strengthen Labor Market**
Jerome Powell has indicated that the Federal Reserve plans to implement interest rate cuts soon. This move aims to counteract any additional weakening in the U.S. labor market. Powell stated, "We do not seek or welcome further cooling in labor market conditions. The time has come for policy to adjust."
#LaraxenTeam #Laraxen #LaraxenFamily
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Saying "The risk of 'short squeeze' has increased in Bitcoin", K33: We can see sharp movements
Crypto research firm K33 Research wrote that open positions have increased sharply while funding rates are hovering at negative levels, creating a favorable ground for a short squeeze.
According to crypto research firm K33 Research, there are signs that the risk of a short squeeze in the derivatives market that could trigger sharp rallies in Bitcoin is increasing.
The company, which tracks the funding rates of Bitcoin-based futures contracts, pointed out that the seven-day average annual funding rate was the lowest since March 2023, when bank bankruptcies in the U.S. shook the market. According to the news of Bloomberg, the note published by company analysts Vetle Lunde and David Zimmerman said, "While the funding rates were at average negative levels over the past week, the open position has increased sharply. This shows that there is an aggressive deficit and that there is a structurally suitable ground for 'short squeeze'.” They commented.
Stating that the open position size increased equivalent to 29 thousand BTC last week, and the average funding rate was minus 2.5 percent yesterday, the analysts said, "In addition to the negative funding rate, such a rapid increase in open positions is a relatively rare situation."
Short squeeze refers to the rush of investors in a short position in that asset to reduce their losses as a result of the rapid rise in the price of an asset in the financial markets. This causes the price of the asset to increase even more.
#Laraxenteam #laraxen #LaraxenFamily
Saying "The risk of 'short squeeze' has increased in Bitcoin", K33: We can see sharp movements
Crypto research firm K33 Research wrote that open positions have increased sharply while funding rates are hovering at negative levels, creating a favorable ground for a short squeeze.
According to crypto research firm K33 Research, there are signs that the risk of a short squeeze in the derivatives market that could trigger sharp rallies in Bitcoin is increasing.
The company, which tracks the funding rates of Bitcoin-based futures contracts, pointed out that the seven-day average annual funding rate was the lowest since March 2023, when bank bankruptcies in the U.S. shook the market. According to the news of Bloomberg, the note published by company analysts Vetle Lunde and David Zimmerman said, "While the funding rates were at average negative levels over the past week, the open position has increased sharply. This shows that there is an aggressive deficit and that there is a structurally suitable ground for 'short squeeze'.” They commented.
Stating that the open position size increased equivalent to 29 thousand BTC last week, and the average funding rate was minus 2.5 percent yesterday, the analysts said, "In addition to the negative funding rate, such a rapid increase in open positions is a relatively rare situation."
Short squeeze refers to the rush of investors in a short position in that asset to reduce their losses as a result of the rapid rise in the price of an asset in the financial markets. This causes the price of the asset to increase even more.
#Laraxenteam #laraxen #LaraxenFamily
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Big news from Celsius! The platform has swiftly distributed over $2.53 billion to around 251,000 creditors, covering about two-thirds of eligible claims and 93% of the total value at January 16 prices.
Here’s the scoop:
- $1.7 billion (65%) was distributed within the first two weeks.
- $2 billion (80%) was distributed by the end of the first month.
Yet, around 121,000 creditors still need to claim their payouts, averaging $1,500 each. Many are owed less than $100, with others due between $100 and $1,000.
Some delays are due to incomplete claims and missing info, but progress is strong. Make sure to check your status and claim what’s yours! 🚀💰
#CelsiusDistribution #CryptoUpdates #Binance #Laraxen #LaraxenFamily
Big news from Celsius! The platform has swiftly distributed over $2.53 billion to around 251,000 creditors, covering about two-thirds of eligible claims and 93% of the total value at January 16 prices.
Here’s the scoop:
- $1.7 billion (65%) was distributed within the first two weeks.
- $2 billion (80%) was distributed by the end of the first month.
Yet, around 121,000 creditors still need to claim their payouts, averaging $1,500 each. Many are owed less than $100, with others due between $100 and $1,000.
Some delays are due to incomplete claims and missing info, but progress is strong. Make sure to check your status and claim what’s yours! 🚀💰
#CelsiusDistribution #CryptoUpdates #Binance #Laraxen #LaraxenFamily
VOTE AND EARN 5 DOLLARS 💸
Shiba Inu Memecoin Prepares to Roll Out DAO
Shiba Inu is gearing up to launch its DAO, empowering all holders to influence the community's future direction.
The team behind Shiba Inu (SHIB), a Dogecoin-inspired meme coin, is preparing to launch a decentralized autonomous organization (DAO).
On Aug. 25, Lucie, Shiba Inu’s anonymous marketing lead, announced via X that this move will allow SHIB holders to vote on upcoming initiatives and shape the project’s future direction.
“Shib is preparing to become a key player in decentralized governance with the upcoming launch of its DAO,” Lucie wrote. “This transition will empower every holder, regardless of the size of their stake, to have a say in the community’s direction.”
#laraxen #Laraxenteam #LaraxenFamily
Shiba Inu Memecoin Prepares to Roll Out DAO
Shiba Inu is gearing up to launch its DAO, empowering all holders to influence the community's future direction.
The team behind Shiba Inu (SHIB), a Dogecoin-inspired meme coin, is preparing to launch a decentralized autonomous organization (DAO).
On Aug. 25, Lucie, Shiba Inu’s anonymous marketing lead, announced via X that this move will allow SHIB holders to vote on upcoming initiatives and shape the project’s future direction.
“Shib is preparing to become a key player in decentralized governance with the upcoming launch of its DAO,” Lucie wrote. “This transition will empower every holder, regardless of the size of their stake, to have a say in the community’s direction.”
#laraxen #Laraxenteam #LaraxenFamily
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JUST IN: Telegram founder, Pavel Durov, taken into custody in 🇫🇷 France.
Authorities claim that Telegram's lack of moderation and the instruments it provides (disposable numbers, and cryptocurrency) make it an accomplice in drug trafficking and fraud.
#TelegramCEO #Laraxenteam #laraxen #LaraxenFamily
JUST IN: Telegram founder, Pavel Durov, taken into custody in 🇫🇷 France.
Authorities claim that Telegram's lack of moderation and the instruments it provides (disposable numbers, and cryptocurrency) make it an accomplice in drug trafficking and fraud.
#TelegramCEO #Laraxenteam #laraxen #LaraxenFamily
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Chris Pavlovski :
I’m a little late to this, but for good reason — I’ve just safely departed from Europe.
France has threatened Rumble, and now they have crossed a red line by arresting Telegram’s CEO, Pavel Durov, reportedly for not censoring speech.
Rumble will not stand for this behavior and will use every legal means available to fight for freedom of expression, a universal human right. We are currently fighting in the courts of France, and we hope for Pavel Durov’s immediate release.
#TelegramCEO #Laraxenteam #laraxen #LaraxenFamily
Chris Pavlovski :
I’m a little late to this, but for good reason — I’ve just safely departed from Europe.
France has threatened Rumble, and now they have crossed a red line by arresting Telegram’s CEO, Pavel Durov, reportedly for not censoring speech.
Rumble will not stand for this behavior and will use every legal means available to fight for freedom of expression, a universal human right. We are currently fighting in the courts of France, and we hope for Pavel Durov’s immediate release.
#TelegramCEO #Laraxenteam #laraxen #LaraxenFamily
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NEW: Mark Karpelès, former CEO of the Mt. Gox exchange, has unveiled “EllipX Wallet,” a new mobile wallet that uses Multi-Party Computation to bolster security by distributing a user’s private key across multiple custodians: the user, their device, and EllipX’s secure element.
#MtGoxRepayments #laraxen #Laraxenteam #LaraxenFamily
NEW: Mark Karpelès, former CEO of the Mt. Gox exchange, has unveiled “EllipX Wallet,” a new mobile wallet that uses Multi-Party Computation to bolster security by distributing a user’s private key across multiple custodians: the user, their device, and EllipX’s secure element.
#MtGoxRepayments #laraxen #Laraxenteam #LaraxenFamily
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Scammers Increasingly Use Crypto ATMs and Kiosks in Their Schemes
Over 2,000 complaints involving the use of cryptocurrency ATMs and kiosks were filed in 2023.
Scammers are increasingly incorporating crypto ATMs and kiosks into their fraudulent schemes, exploiting these digital currency exchange points to swindle unsuspecting victims.
In a recent case, a woman from Troy, Michigan, was directed to a Bitcoin kiosk at a local gas station after falling victim to a multifaceted scam.
The scam began with an email that asked for a refund for an alleged accidental overpayment of $3,966.
Victims Instructed to Use Crypto ATMs
The woman, under the impression that she owed money, was instructed to withdraw cash and deposit it into a Bitcoin ATM.
Despite complying with the scammer’s demands, she was later told that not all the money was received and that she still owed $1,000.
To settle this fabricated debt, she was instructed to purchase two $500 gift cards and read the serial numbers to the scammers over the phone. In total, the woman lost $4,966.
Once the cash is deposited into a cryptocurrency ATM or kiosk, it is immediately converted into digital currency, allowing the scammer to transfer the funds to other accounts, often located overseas. #Laraxenteam #LaraxenFamily #laraxen
Scammers Increasingly Use Crypto ATMs and Kiosks in Their Schemes
Over 2,000 complaints involving the use of cryptocurrency ATMs and kiosks were filed in 2023.
Scammers are increasingly incorporating crypto ATMs and kiosks into their fraudulent schemes, exploiting these digital currency exchange points to swindle unsuspecting victims.
In a recent case, a woman from Troy, Michigan, was directed to a Bitcoin kiosk at a local gas station after falling victim to a multifaceted scam.
The scam began with an email that asked for a refund for an alleged accidental overpayment of $3,966.
Victims Instructed to Use Crypto ATMs
The woman, under the impression that she owed money, was instructed to withdraw cash and deposit it into a Bitcoin ATM.
Despite complying with the scammer’s demands, she was later told that not all the money was received and that she still owed $1,000.
To settle this fabricated debt, she was instructed to purchase two $500 gift cards and read the serial numbers to the scammers over the phone. In total, the woman lost $4,966.
Once the cash is deposited into a cryptocurrency ATM or kiosk, it is immediately converted into digital currency, allowing the scammer to transfer the funds to other accounts, often located overseas. #Laraxenteam #LaraxenFamily #laraxen
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The spike in #Bitcoin transactions fees could be due to Babylon’s Bitcoin Staking protocol going live.
This allows BTC holders to stake their Bitcoin to PoS systems. Bitcoin is locked in a script, earning voting power and staking rewards without involving a third party. 🤔
$BTC
#Laraxenteam #LaraxenFamily #laraxen
The spike in #Bitcoin transactions fees could be due to Babylon’s Bitcoin Staking protocol going live.
This allows BTC holders to stake their Bitcoin to PoS systems. Bitcoin is locked in a script, earning voting power and staking rewards without involving a third party. 🤔
$BTC
#Laraxenteam #LaraxenFamily #laraxen
GREETINGS, WE HAVE ENTERED THE LAST 9 DAYS.
Thank you for your support, I'm glad to have you 🙏🏻
We entered the 66th place with a great jump 🙈
When we enter the top 50, our red box event will start. 🥳🥳
You can earn $5 per day by regular voting every day.
VOTE AND EARN 5 DOLLARS 💸💸 #LaraxenFamily #Laraxenteam #BinanceSquareFamily #BinanceSquareCreatorAward
Thank you for your support, I'm glad to have you 🙏🏻
We entered the 66th place with a great jump 🙈
When we enter the top 50, our red box event will start. 🥳🥳
You can earn $5 per day by regular voting every day.
VOTE AND EARN 5 DOLLARS 💸💸 #LaraxenFamily #Laraxenteam #BinanceSquareFamily #BinanceSquareCreatorAward
LIVE
Laraxen
--
Bullish
Greetings, Last 10 days until the end of the event 🔟
By voting, you can earn $5 for each day in the last 10 days. 50 DOLLARS IN TOTAL 💵
VOTE AND EARN 5 DOLLARS 👈🏻 YOU CAN VOTE BY CLICKING. 🤑
WHEN I ENTER THE TOP 50 IN THE RANKING, I WILL HAVE A RED BOX EVENT WORTH $10,000. ‼️
Thank you for your support, glad to have you 🙏🏻
#BinanceSquareFamily #BinanceSquareCreatorAward #LaraxenFamily
By voting, you can earn $5 for each day in the last 10 days. 50 DOLLARS IN TOTAL 💵
VOTE AND EARN 5 DOLLARS 👈🏻 YOU CAN VOTE BY CLICKING. 🤑
WHEN I ENTER THE TOP 50 IN THE RANKING, I WILL HAVE A RED BOX EVENT WORTH $10,000. ‼️
Thank you for your support, glad to have you 🙏🏻
#BinanceSquareFamily #BinanceSquareCreatorAward #LaraxenFamily
#LaraxenFamily please refund my amount accidentally I send you tip 4 usdt I smaller account user please😫🙏🙏💓
VOTE AND EARN 5 DOLLARS 💸🍀
Kamala Harris considers Gary Gensler as Treasury Secretary if she wins the election. (Washington Reporter)
Powell will message this week that the Fed is open to 50 basis points calts. (Evercore)
#laraxen #LaraxenFamily #Laraxenteam
Kamala Harris considers Gary Gensler as Treasury Secretary if she wins the election. (Washington Reporter)
Powell will message this week that the Fed is open to 50 basis points calts. (Evercore)
#laraxen #LaraxenFamily #Laraxenteam
VOTE AND EARN 5 DOLLARS 🍀🥳
Steve Hanke: “Central bankers want to divert the public’s attention away from them because they don’t want people to look at the money supply…they’ve been very successful at doing it. They almost have a MONOPOLY ON THE PRESS.”
#laraxen #Laraxenteam #LaraxenFamily
Steve Hanke: “Central bankers want to divert the public’s attention away from them because they don’t want people to look at the money supply…they’ve been very successful at doing it. They almost have a MONOPOLY ON THE PRESS.”
#laraxen #Laraxenteam #LaraxenFamily