UAE Court Acknowledges Crypto as Valid Salary Payment

In a landmark ruling, the Dubai Court of First Instance has ruled that salary payments in crypto are valid under employment contracts.

ELON MUSK IS IN THE HOUSE OF CHARLES HOSKINSON OF CARDANO 💰👏

😎Binance Delists Cryptocurrencies

💰 Binance has announced the complete delisting of a number of cryptocurrencies:

✔️Monero (XMR)
✔️Bitcoin Gold (BTG)
✔️Bitshares (BTS)

💡On September 2, the exchange will automatically convert the balances of these cryptocurrencies into USDC.

Major news outlets show clear bias in reporting the Trump-Elon X Space.

The numbers speak for themselves:

- 1.32+ million live listeners during the Space

- 77+ million impressions in just 3 hours

- Over 343,000 likes, 104,000 reposts, and 318,000 comments

A clear world record has been broken for an Live Stream.

Bitcoin as a Safe-Haven Asset❔

💰Bitcoin could serve as a safe-haven asset during an economic downturn, according to Bitfinex.

📉 Experts highlighted that in the past 3 months, central banks globally have cut rates 35 times. They compared this trend to the 2009 crisis when 76 similar actions were recorded.

Investors shifting to safer assets and declining government bond yields are classic recession indicators, reflecting a lack of confidence in sustainable economic growth-Bitfinex noted.

✔️These concerns might bolster Bitcoin as "digital gold" and impact the broader crypto market.

🗣Elon Musk’s X Faces Privacy Complaints Across Europe Over AI Data Use

A privacy group in Vienna has filed complaints in eight European countries against Elon Musk’s X for allegedly using personal data to train AI without user consent.

The group, Noyb, claims X fed data from over 60 million users into its Grok AI without informing them. They call for a full investigation, stressing that EU law requires user consent for such practices.

Trump is now running ads on X 🚀...more

🚨🚨Huge liquidation heat-map at the prices of 70-74k

Short liquidation for 74k is over 10 Billion $

But at exactly 70k the liquidation is 7.4 Billion.

🚨🚨🚨🚨Binance will delist more scam projects. Be careful if you hold them🚨.Binance Will Delist CVP, EPX, FOR, LOOM, REEF, VGX on 2024-08-19..more

Elon musk and Trump talk today at 8pm ET 🚀🏆🏆

🚨🚨🚨A Large Fire is currently burning within one of the Cooling Towers at the🥵🥵 Russian-Controlled Zaporizhzhya Nuclear Power Plant in Southeastern Ukraine.

53,657 traders were liquidated in the past 24 hours with the total liquidations reaching $229.38M. 😑😑

$168.32M in short positions were liquidated. 📈📈📈

The Largest Crypto Exchange Binance Will List Toincoin (TON)

TON has surpassed 6.2 USDT and is currently trading at 6.21 USDT, with a daily increase of over 14%📈📈📈🔥🔥🔥

🚨🚨🚨Paris 2024 Olympics Venue Hit With Cyberattack as Hackers Demand Crypto😳😳

The cyberattackers exploited roughly 40 French tourist venues’ data processing systems last weekend, enabling them to collect sensitive financial data from the sites⚠️⚠️

The group of hackers have threatened to leak the tourist sites’ financial data unless a crypto ransom is paid⚠️⚠️

🤑While 90% of admins are crying over a 20-25% correction, here's a sobering short post for you.

✔️TON is correcting on the general negativity, but is falling less than others. Take a look at the basic L2 on Ethereum or coins of other blockchains. If you bought TON at $7, don't be upset. Someone bought Starknet at $2.5, or ATOM at $12.

✔️If you can't survive a 25% drawdown, take a closer look at the stock market. Its volatility will be less if you buy fundamental companies according to Graham/Buffett. In crypto, it hurts when the portfolio is 3-4 times larger. When it hurts, I'll write.

✔️Instead of despair, you need to look for the positives. If you believe in TON, any correction is a reason to buy. If you don't believe, don't buy at all.

✔️Hedge risks with the right tools. Any correction on TON is a reason to average.

JUST IN: 🇺🇸 President Biden's senior economic advisor, Gene Sperling, to leave the White House today.

He is leaving due to the incompetence of Biden & Kamala Harris

Binance CEO: „Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend.“

A historical day since covid 2020

Justin Sun: “The rumors about our positions being liquidated are false. We rarely engage in leveraged trading strategies because we believe such trades do not significantly benefit the industry. Instead, we prefer to engage in activities that provide greater support to the industry and entrepreneurs, such as staking, running nodes, working on projects, helping project teams provide liquidity, and offering Total Value Locked (TVL) services.”

Elon musk posted this 🥴