BTC is Sucked now since yesterday what do you think #Crypt | pretty shukran on Binance Square

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BTC is Sucked now since yesterdaywhat do you think 
 #CryptoAMA #BTCMiningRevenue #29thBNBBurn #Ltc🔥🔥 #usd 

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BTC

96,996

-0.58%

BNB

678.34

+2.68%

LTC

127.88

-2.79%

1.6k

0

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Binance's former CEO, Changpeng Zhao (CZ), inadvertently sparked a meme coin frenzy with his pet dog, Broccoli. The dog's name and photo, shared on social media, led to a surge in "Broccoli" themed meme coins. The Broccoli Meme Coin Frenzy - CZ's Dog, Broccoli: CZ, known for his influence in the crypto world, casually mentioned his Belgian Malinois named Broccoli on Twitter. This sparked a wave of interest from the meme coin community. - Meme Coin Mania: Within hours, dozens of meme coins with "Broccoli" in their names emerged across various blockchains, including Binance Smart Chain (BNB), Solana, and Ethereum. - Market Cap Surge: The most popular "Broccoli" meme coin, $BROCCOLI, reached a market cap of $140 million within 24 hours of its launch. - CZ's Disclaimers: CZ clarified that he was not launching his own meme coin and would leave it to the community to decide which "Broccoli" token would be successful. The Rise and Fall of "Broccoli" Meme Coins - Speculative Investing: The sudden surge in "Broccoli" meme coins attracted investors looking to capitalize on the hype. - Pump and Dump Schemes: Many "Broccoli" meme coins were suspected to be pump-and-dump schemes, where early investors profited by artificially inflating the price before selling off their holdings. - Scams: Some projects were outright scams, with developers disappearing after raising funds from unsuspecting investors. Lessons Learned from the "Broccoli" Meme Coin Frenzy - Meme Coin Volatility: The "Broccoli" meme coin frenzy highlights the extreme volatility of meme coins, which are often driven by hype and speculation rather than fundamental value. - Due Diligence: Investors need to be cautious and conduct thorough research before investing in any meme coin, especially those associated with viral trends or celebrity endorsements. - CZ's Influence: CZ's influence in the crypto world is undeniable, as his casual mention of his dog sparked a significant market reaction. $BNB $BTC $SOL #PPIShockwave #BNBRiseContinues #BinanceAlphaAlert #MarketLiquidation #TraderProfile

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Ray Dalio Discusses Bitcoin And Currency Depreciation According to PANews, Ray Dalio, founder of Bridgewater Associates, shared his views on Bitcoin and the DeepSeek trend during a recent 'All-In' podcast interview. Dalio observed that currencies are depreciating, particularly against assets like gold, Bitcoin, and other tangible assets. He noted that fiat currencies are generally losing value, while hard assets are appreciating. Dalio mentioned that Bitcoin and other digital assets are significant topics of discussion. While commodities can hedge against inflation, they lack the ability to serve as long-term stores of value, unlike gold or Bitcoin. He revealed that he still holds some Bitcoin as part of a diversified investment strategy but prefers gold due to its unique advantages. Gold, according to Dalio, can move freely between countries, is held by central banks as a reserve asset, and is more challenging to regulate, allowing for more private ownership. Additionally, gold is not easily taxed, unlike Bitcoin, which is subject to regulatory scrutiny and taxation due to its traceable transaction paths. $BNB $XRP $ETH #BinanceAlphaAlert #PPIShockwave #TraderProfile #CZBroccoliMeme #BNBRiseContinues

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A dormant Bitcoin address, inactive for over a decade, has been reactivated, transferring 300 BTC worth approximately $29,368,562. This event was detected by Whale Alert, a service that monitors large cryptocurrency transactions. Dormant Bitcoin Wallets Awakening The reactivation of long-dormant Bitcoin addresses has become a recurring event in the cryptocurrency market. These addresses often contain significant amounts of Bitcoin accumulated during the early days of the cryptocurrency, when prices were much lower. The recent activation of this address, which had been inactive for 10.9 years, highlights the potential for large-scale movements of Bitcoin from old wallets. Potential Reasons for Reactivation The reasons behind the reactivation of dormant Bitcoin addresses can vary. Some possible explanations include: - Original owners accessing their funds: The original owner may have decided to access their Bitcoin holdings after a long period of inactivity. - Inheritance: The Bitcoin may have been inherited from a deceased owner. - Recovery of lost keys: The owner may have recovered lost private keys, allowing them to access their Bitcoin. Market Impact The reactivation of dormant Bitcoin addresses can have a significant impact on the cryptocurrency market. The sudden influx of large amounts of Bitcoin into circulation can influence market dynamics and potentially affect Bitcoin's price. However, the impact of these transactions is often difficult to predict, as the reasons behind them can vary widely. The Future of Dormant Bitcoin #PPIShockwave #BNBRiseContinues #BNBRiseContinues $BTC $ETH $XRP The reactivation of dormant Bitcoin addresses is likely to continue as Bitcoin's price fluctuates and more people become aware of their holdings. These events serve as a reminder of the potential for large-scale movements of Bitcoin from old wallets, highlighting the importance of understanding the history of Bitcoin and the potential for unexpected market events[__LINK_ICON].

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The U.S. government is prioritizing creating a framework for stablecoins rather than a Strategic Bitcoin reserve because it believes that regulated stablecoins will be more effective in strengthening the U.S. dollar's position as the world's reserve currency and promoting financial inclusion. Stablecoins and Their Benefits $BNB $ETH $BTC #PPIShockwave #CZBroccoliMeme #BNBRiseContinues #BinanceAlphaAlert #PPIShockwave - Stablecoins are cryptocurrencies pegged to a stable asset like the U.S. dollar. This makes them less volatile than Bitcoin and more suitable for everyday transactions. - Stablecoins can help bolster the U.S. dollar by increasing its global demand and facilitating easier access to U.S. dollar value in countries with weak local currencies or high unbanked populations. - Stablecoins can also drive liquidity in the crypto market and benefit U.S. investors through investments in stablecoin issuers. The U.S. Government's Approach - The U.S. government is not planning to develop a local Central Bank Digital Currency (CBDC) but is actively working on regulating stablecoins pegged to the U.S. dollar. - Several bills have been introduced to regulate the issuance and operation of stablecoins, including the Stablecoin Transparency and Accountability for a Better Ledger Economy (Stable Act). - The Stable Act requires stablecoin issuers to obtain permission from the Office of the Comptroller of the Currency (OCC) and back their crypto 1:1 by cash, U.S. Treasury bills, or central bank reserves. The Future of Stablecoins - The new regulations are expected to impact the future of Tether, the largest stablecoin issuer, and other stablecoin providers. - Stablecoins are gaining popularity, with companies like Ripple and Mastercard launching their own stablecoins. - Stablecoins are seen as having the potential to disrupt traditional finance and expand the reach of the U.S. dollar globally[__LIN

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