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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
JPMorgan Lowers Price Targets on Bitcoin Miners, Sees Buying Opportunity
Bitcoin Miners
In light of recent market changes and company-specific events, JPMorgan has cut its price expectations for Bitcoin miners like CleanSpark, Riot Platforms, and Marathon Digital.
JPMorgan revised its price targets for several prominent Bitcoin mining companies on August 23, reflecting recent market shifts and company-specific developments.
Despite the downgrades, the investment bank sees potential buying opportunities in select miners.
Factors Behind JP Morgan Price Downgrades on Bitcoin Miners’ Stock
The investment bank lowered its price targets due to two primary factors. The bank reduced its Bitcoin price prediction from $68,000 to $60,000, accounting for the decline in Bitcoin prices since its last update.
Additionally, the bank considered a higher baseline network hashrate assumption (increased from 600 to 615 exahash per second) and share count dilution in some mining companies.
These factors have led to a reduction in the target gross profit per EH/s estimates for the miners.
Particularly, JPMorgan analysts Reginald L. Smith and Charles Pearce provided updated price targets for several publicly traded Bitcoin miners. #LaraxenFamily #BinanceHODLerBANANA #BlackRockETHOptions
Bitcoin Miners
In light of recent market changes and company-specific events, JPMorgan has cut its price expectations for Bitcoin miners like CleanSpark, Riot Platforms, and Marathon Digital.
JPMorgan revised its price targets for several prominent Bitcoin mining companies on August 23, reflecting recent market shifts and company-specific developments.
Despite the downgrades, the investment bank sees potential buying opportunities in select miners.
Factors Behind JP Morgan Price Downgrades on Bitcoin Miners’ Stock
The investment bank lowered its price targets due to two primary factors. The bank reduced its Bitcoin price prediction from $68,000 to $60,000, accounting for the decline in Bitcoin prices since its last update.
Additionally, the bank considered a higher baseline network hashrate assumption (increased from 600 to 615 exahash per second) and share count dilution in some mining companies.
These factors have led to a reduction in the target gross profit per EH/s estimates for the miners.
Particularly, JPMorgan analysts Reginald L. Smith and Charles Pearce provided updated price targets for several publicly traded Bitcoin miners. #LaraxenFamily #BinanceHODLerBANANA #BlackRockETHOptions
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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
🚀 VOTE AND EARN $5! 💸😈
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 🍀💸
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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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
VOTE AND EARN 5 DOLLARS 🥳💸
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
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
VOTE AND EARN FIVE DOLLARS 💸😎
Kamala Harris Is “Redefining” Democratic Party, Billionaire Mark Cuban Says
Mark Cuban shares his thoughts on Kamala Harris and Democratic Party policies.
Billionaire and long-time crypto investor Mark Cuban has taken to social media to claim Democratic nominee Kamala Harris is “redefining” the Democratic party ahead of the November 2024 U.S. presidential election, a Friday X post from the Shark Tank star shows.
Mark Cuban Shares His Thoughts On Kamala Harris
“Kamala Harris is not falling in line with Democratic Party Policies,” Cuban posted to X Friday. “Kamala Harris is defining her own policies, and the Democratic Party is falling in line with her. She literally is redefining the party.”
#Laraxenteam #laraxen #LaraxenFamily
Kamala Harris Is “Redefining” Democratic Party, Billionaire Mark Cuban Says
Mark Cuban shares his thoughts on Kamala Harris and Democratic Party policies.
Billionaire and long-time crypto investor Mark Cuban has taken to social media to claim Democratic nominee Kamala Harris is “redefining” the Democratic party ahead of the November 2024 U.S. presidential election, a Friday X post from the Shark Tank star shows.
Mark Cuban Shares His Thoughts On Kamala Harris
“Kamala Harris is not falling in line with Democratic Party Policies,” Cuban posted to X Friday. “Kamala Harris is defining her own policies, and the Democratic Party is falling in line with her. She literally is redefining the party.”
#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
VOTE AND EARN 5 DOLLARS 💸😎
JUST IN: Jerome Powell signals that interest-rate cuts are imminent, stating the central bank plans to act to prevent further weakening of the U.S. labor market.
“We do not seek or welcome further cooling in labor market conditions. The time has come for policy to adjust.”
#Laraxenteam #laraxen #LaraxenFamily
JUST IN: Jerome Powell signals that interest-rate cuts are imminent, stating the central bank plans to act to prevent further weakening of the U.S. labor market.
“We do not seek or welcome further cooling in labor market conditions. The time has come for policy to adjust.”
#Laraxenteam #laraxen #LaraxenFamily
VOTE AND EARN 5 DOLLARS 🥳💸
🇸🇻 President Bukele: El Salvador is not only the safest country in the Western Hemisphere, but we also guarantee that you won’t be arrested, censored, or have your assets seized for exercising your right to free speech.
#Laraxenteam #LaraxenFamily #laraxen
🇸🇻 President Bukele: El Salvador is not only the safest country in the Western Hemisphere, but we also guarantee that you won’t be arrested, censored, or have your assets seized for exercising your right to free speech.
#Laraxenteam #LaraxenFamily #laraxen
