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Arbitrum Ecosystem Weekly Roundupš„
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Solana ( $SOL) Sets New ATH After 3 Years Solana ( $SOL) has just set a new all-time high (ATH) price of $264.39 at noon on November 22, 2024. SOL has increased by more than 8% in the past 24 hours. One of the factors that helped Solana achieve this success is its outstanding network scalability, with fast transaction speeds and affordable fees. Solana is not only prominent in the decentralized finance (DeFi) sector but also plays an important role in NFT projects. Decentralized applications (dApps) and DEXs such as Raydium and Jito have achieved record revenues in the past week, contributing to making Solana the second largest smart contract blockchain. In addition, Solana's low transaction costs are fertile ground for memecoins to grow. Meme coins such as BONK, PNUT and WIF have attracted attention in the community. Not stopping there, easy token creation platforms like pump .fun are also a bridge connecting users with the Solana ecosystem. #Solanaā© #SOLš„š„š„š„ #gemxnetwork
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š„Instructions To Join GemX Tournament Season 1 To motivate the crypto community to discover and share insights on promising projects, GemX Network is pleased to present the GemX Tournament Season 1, which is open to all. šInstruct Step 1: Visit http://GemX.io (https://gemx.io) website Step 2: Connect wallet Step 3: Fill in information => Click Save Changes Step 4: Apply now Step 5: Send your twitter article The entry is complete !!! #GemXTournament #GemxCrypto
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š„In The FOMC Meeting On November 8 The FED cut interest rates by 0.25% and emphasized that the current economic situation is still adequate, with the labor market and inflation still under control. The FED Chairman also confirmed that policies under Trump may affect the economic situation. Thus, the US interest rate is currently at 4.50% - 4.75%. The crypto market reacted positively immediately after the news of the interest rate cut: $BTC hits a new ATH at $76K $ETH is up 5.7% in the past 24 hours, surpassing $2K9 $SOL is up 6.2%, surpassing the important resistance level of $200 #Fed. #fomo #GemxCrypto
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š„Market News November 5 - Today all Americans go to the polls - Mt. Gox moves $2.2B worth of bitcoin to unmarked wallets - Citi and Fidelity announce on-chain money market fund - Robinhood and Kraken launch new global stablecoin network with Paxos's USDG - British Pension fund first to add Bitcoin to balance sheet - SEC begins review of NYSE Arca proposal to uplist Grayscale digital fund to ETP - OpenSea set to launch new platform in December #Americans #MtGox #Fidelity #Robinhood #opensea
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š„Market News November 4 - Bitcoin price drops, traders are preparing for the U.S. presidential election - Russia caps electricity usage for private cryptocurrency mining at 6,000 kWh per month - The Republican Party has a significant advantage in the crucial state of Pennsylvania - CME states there is a 98.9% chance the Fed will cut interest rates by 0.25% on November 8 - Kraken launches derivative products for wholesale clients in Australia after facing regulatory setbacks - Michael Saylor reveals the reasons behind MicroStrategy's success in the Bitcoin sector šMacroeconomic Calendar - November 5: U.S. citizens officially vote - November 7: Bank of England interest rate decision November 8: - Fed interest rate decision - Fed Chairman Jerome Powell speaks šToken Unlock Schedule - November 10: Bitget unlocks 5.38M $BGB - November 11: Aptos unlocks 11.31M $APT - November 15: Starknet unlocks 64M $STRK - November 16: Arbitrum unlocks 92.65M $ARB #Bitcoinā #Kraken #fed #CME #GemxCrypto
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