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Ethereum: The Death of “Ultra Sound” Money The Dencun upgrade has made ETH inflationary again, sparking debates about the future of the "Ultra Sound" money narrative. Let’s dive into the details. "Ultrasound money" suggests Ethereum could be a superior form of "sound money" compared to Bitcoin, aiming to decrease its supply over time through strategic upgrades like EIP-1559 and The Merge. Post-Merge, Ethereum seemed aligned with this narrative, even showing a slight reduction in total ETH supply. However, the Dencun upgrade presents new challenges by reducing transaction fees and the ETH burn rate, leading to an increase in supply. This upgrade has decoupled Ethereum's transaction fees from network activity, reducing the burn rate even amid high activity. While this results in lower user fees, it complicates the deflationary mechanism set by The Merge, now requiring significantly increased network activity to maintain deflation. Source : CryptoQuants #ETH #UltraSoundMoney #Ethereum
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🎉 Big News Alert!🎉 🚀 Binance Lands a Milestone in India!🇮🇳 Get ready, crypto enthusiasts! Binance, the global cryptocurrency giant, has just made a groundbreaking move by securing registration with India's Financial Intelligence Unit (FIU)! 🤝 This is HUGE because it's the first time international crypto players have gotten the green light from India's anti-money laundering watchdog. 🐶🕵️‍♂️ But wait, there's more! KuCoin is also on board, having settled a $41,000 fine and is back in action in India. 🏏 Binance is up next for their financial penalty, which is still on the discussion table with the FIU. 💰👩‍⚖️ This is a game-changer, folks! With India's FIU also rolling out an AI-powered system to keep money laundering and terrorism financing in check, we're looking at a new era of crypto regulation in India. 🤖💼 Stay tuned as this story unfolds. The crypto landscape in India is about to get a whole lot more exciting! 🌐✨ #CryptoRevolution #BinanceInIndia #BreakingNews #Binance
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Imagine Ethereum as a magical kingdom where ETH is the currency. 🏰 After the Merge, which was like a grand spell, the kingdom started using less currency for daily magic (transactions), making ETH super rare and valuable. ✨ But then came the Dencun upgrade, a new chapter in the spellbook, designed to make magic cheaper and more accessible to everyone. 📖✨ With cheaper spells, the kingdom didn’t need to use as much currency, so less ETH was being burned in the magical cauldron. 🔥 As a result, the treasury started to fill up again, and ETH became more common, like finding coins under the sofa cushions! 🛋️💰 So, while the kingdom’s treasury is growing, and ETH is not as rare as it was right after the Merge, the real magic of Ethereum is still in the amazing spells (DApps) you can cast with it. 🧙‍♂️🔮 Whether ETH is rare or abundant, the kingdom thrives on the wonders its magic can create! Hope that adds a bit of warmth and humanity to the story of Ethereum’s latest adventure! 🌟 #Ethereum #ETH #Currency #Dapps
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In a surprising twist of events 🔄, the hacker who swiped a whopping $68 million through a sneaky technique called “address poisoning” 🕵️‍♂️💻, reached out to the victim. In a gesture of partial remorse, the hacker sent back 51 ETH, which is about $153,800 💸, along with a note asking the victim to get in touch via Telegram 📲. The digital paper trail 🧾 on Etherscan doesn’t lie; it shows the hacker’s message clear as day. “Please leave your Telegram, I will contact you,” the scammer penned not once, but twice, using the Input Data field of the Ethereum transaction as their notepad 📝. This unexpected message popped up after the victim, on May 5, boldly asked for a big chunk of their money back. The 51 ETH is just a drop in the ocean 🌊, merely 4.2% of what they asked for. The victim, standing at a crossroads, declared, “After this, there is no turning back.” They added a stark warning: “We both know that it is impossible to launder these funds. You will be traced.” 🔍 With a mix of hope and strategy, the victim offered the hacker a deal: keep 10% of the loot 💰 as a finder’s fee, but return the rest by May 6. The clock is ticking… ⏳ #CryptoNews #HackerAlert #Hack
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The situation between Binance and Nigerian officials has certainly heated up. 🌶️ Here’s the scoop in a more conversational tone: 🔍 Crypto Clash: Binance’s big boss, CEO Richard Teng, has dropped a bombshell accusation. He claims that some Nigerian officials tried to shake them down for a whopping $150 million in crypto to make an investigation go away. That’s a serious chunk of change! 💸 🇳🇬 Nigeria’s Response: But wait, Nigeria says, “Hold up!” They’ve completely denied these allegations, calling them nothing but a diversion. They’re sticking to their guns and saying that Binance should face the music and deal with the judicial process. 🧐 What’s Next?: It’s a classic he-said, she-said situation. With both sides standing firm, it looks like this drama is far from over. Keep your eyes peeled, because this story is developing faster than a crypto transaction on a good day! 🚀 Remember, always take such news with a grain of salt until everything’s clear as day. Stay tuned for more updates! 📡 #Binance #RichardTeng #Nigeria
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