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🚀🔥BREAKING MORNING NEWS 🔅😨 📈
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📈Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data. ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.💹
📈Celsius (CEL) Move 653 Million Tokens to a New Wallet: To What End? Decentralized lending project Celsius (CEL) has transferred a substantial amount of its holdings to a new wallet. Cam Crews, who is a developer, made it known that CEL tokens were not the only cryptocurrencies involved in the movement.💹
📈Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg. A stablecoin built on layer-2 scaling solution Polygon (MATIC) and backed by real estate assets has lost nearly half of its value after depegging from the US dollar (USD).💹
📈China has unveiled an industrial park in the Luohu district of Shenzhen, solely dedicated to the development of the digital yuan ecosystem. This monumental move comes as the central bank digital currency (CBDC), also termed e-CNY, witnesses continuous evolution.💹
📈Trader Joe’s grocery store files trademark lawsuit against Trader Joe DEX. The claims include allegations of federal trademark infringement and dilution, with Trader Joe allegedly capitalizing on the store’s “name, goodwill, and brand recognition.”💹

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