CEO Bitget and Deribit discuss the future of DEX and CEX

At the Emergence conference, Gracy Chen (CEO of Bitget) and Luuk Strayers (CEO of Deribit) discussed how decentralized and centralized exchanges can coexist amidst increasing regulation.

Chen noted that major players are strengthening their positions, while Strayers predicted market consolidation due to tightening rules and rising operational costs.
#MarketPullback
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Tether's AI Is Coming

Paolo Ardoino shared progress on Tether's AI platform. “Goosebumps,” he wrote, announcing an early 2025 release.
#Tether
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Michael Saylor: Bitcoin is now available at a 90% discount to its future value of $1 million – and even at that price I am willing to invest $1B every day. It will continually increase in value against the dollar.
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Whale: Bank BPCE will open access to its clients for investments in cryptocurrency starting in 2025.

BPCE is one of the largest banks in Europe and the second-largest bank in France.

Client base: over 35 million people.
Assets under management (AUM): 1.079 billion euros.

Support for crypto assets will be implemented through its subsidiary Hexarq, which has received the status of digital asset service provider (PSAN) from AMF.
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XRP Cryptocurrency Slips 17% in Bearish Trade with Pullback

XRP cryptocurrency traded at $1.98 on Friday, down 17.51%

The fall was also caused by a reduction in the market capitalization of XRP to $125.4863B, or 3.85% of the total capitalization of all cryptocurrencies. While earlier at the peaks, the capitalization of XRP was $155.2807B.

Over the past 24 hours, XRP has traded in the range of $2.1385 to $2.3536.

#xrp

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Teenager detained in Uzbekistan for cryptocurrency exchange on Telegram

The Ministry of Internal Affairs of Uzbekistan detained a 17-year-old resident of Bukhara who provided cryptocurrency exchange services on Telegram.

According to the investigation, over the course of seven months, the teenager carried out over 4,000 transactions on the Binance exchange for a total of 34 billion soums ($2.6 million). He charged clients a commission for acting as an intermediary.

Law enforcement officers established that most of the transferred funds came from pension, salary and credit cards. In this regard, the version is being checked that the defendant laundered money obtained fraudulently.

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Mo Shaikh Steps Down as Aptos Labs CEO

Aptos Labs co-founder Mo Shaikh has announced he is stepping down as CEO to “start a new chapter”

He will be replaced by fellow co-founder and CTO Avery Ching, who will focus on accelerating technology innovation and growing the Aptos ecosystem

Ching aims to strengthen Aptos’ position in the blockchain industry, focusing on introducing new products and improving their speed and quality. Aptos Labs continues to scale new heights with a new leadership team.
#APTOS #cryptonews
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There was a shooting in the Abkhazian Parliament during the discussion of a bill banning mining.

As a result of the incident, one deputy was killed, and another was injured.

The bill aims to address the problem of energy deficiency caused by illegal mining and provides for criminal liability for its conduct.
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Trader made $3.95 million in 24 hours from $712 on Unicorn Fart Dust

A user managed to earn several million dollars on the Unicorn Fart Dust (UFD) meme coin with minimal investment. Lookonchain analysts drew attention to this.

On December 17, a trader purchased 48.02 million UFD for only $712. A significant increase in the asset's quotes the next day brought him about $3.95 million. The profit amounted to x5546.

#мемы #Трейдинг #Lookonchain #cryptonews

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Binance Large-Scale Survey: 45% Started Investing in Crypto in 2024

According to the data, 16.1% of respondents own memecoins, followed by Bitcoin with 14.44%.

Interestingly, 23.89% of respondents believe that AI-related tokens will show the greatest growth in the near future. In second and third place are meme tokens (19%) and DeFi tokens (12%).

However, the most important thing is that 45% of survey participants started investing in cryptocurrency only in 2024. This means that the sector is growing rapidly.

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Сімʼя купила будинок за 100 BTC

У 2017 році голландець продав житло за $300 000 у Біткоїнах

Тепер ці 100 Біткоїнів оцінюються в $10 млн, а будинок можна викупити назад за $400к — 4 ВТС за теперішнім курсом, а на решту жити та горя не знати.
#BTC☀ #cryptonews ##MarketCorrectionBuyOrHODL #инвестиции
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🇺🇸 The US Federal Reserve lowered the key rate by 25 basis points, as was forecasted

From now on, the current rate is: 4.25-4.5%.

Bitcoin reacted with a decline.

The next rate meeting will take place on January 28-29.
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El Salvador has signed an agreement with the IMF for $1.4 billion

Now the use of Bitcoin will be voluntary for the private sector, while government entities will limit its application. Taxes are accepted only in dollars, and the government app Chivo will gradually be phased out.

This is an important step to strengthen the country's economy and reduce the public debt, which currently stands at 85% of GDP.
#cryptonews
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Lost profit: Germany could have earned billions on Bitcoin

Former German Finance Minister Christian Lindner stated the need to reconsider the country's attitude towards cryptocurrencies.

Accusations against Olaf Scholz:
Lindner criticized the Chancellor for not accounting for Bitcoin in the state's financial strategy.

Previously, authorities sold about 50,000 BTC for $2.8 billion. Today, their value could have been higher by $2.5 billion if the assets had not been realized.

This case highlights how important it is to consider the potential of digital assets in state economic policy.
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Binance to Delist SUI, HMSTR, BNT, CYBER, and AEUR Pairs

According to Binance, trading in SUI/TUSD, HMSTR/BNB, CYBER/TUSD, BNT/ETH, and EUR/AEUR pairs will be discontinued from December 20, 2024, 03:00 UTC.

These cryptocurrencies responded to the announcement by falling by 5-11% during the day.

Cyber ​​and HMSTR lost more than 10%, with prices dropping to $4.23 and less than $0.003, respectively.

#BinanceDelisting #cryptonews #BNB🔥
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Cardano Foundation May Leave

Charles Hoskinson, the founder of Cardano, has called on the Cardano Foundation to move its jurisdiction out of Switzerland.

The Swiss government currently appoints board members without input from the Cardano community.

Hoskinson suggests changing the Foundation's governance model and considering jurisdictions such as Abu Dhabi and Wyoming.
#Cardano #ADA
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Arthur Hayes predicts crypto market to crash on Trump's inauguration day

The crypto market may face a collapse on January 20, 2025. Hayes doubts the creation of a national BTC reserve and warns of inflated investor expectations.
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Trader Makes Over $8 Million on PENGU in 20 Minutes

After the launch of PENGU, the token rose in price by more than 500%, and some traders managed to take advantage of this.

According to Lookonchain, after spending 23,742 SOL ($5.36 million) to buy 239.6 million PENGU, the trader sold them 20 minutes later for 60,726,$SOL ($13.72 million).

The profit of $8.36 million is not a record, but it is interesting from a timing point of view. Not everyone can calculate the time so precisely.
#Solana⁩ #pengu #Трейдинг #cryptonews
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How much did you need to invest 10 years ago to get $1 million today? — H.

$3600 in Bitcoin
$3700 in Nvidia
$34k in Tesla
$52k in Netflix
$55k in Broadcom
$68k in Amazon
$110k in Microsoft
$115k in Apple
$125k in Meta
$140k in Alphabet
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