DYOR

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tldr; Nearly 1 million new crypto tokens were created in April, indicating a significant growth in the digital asset industry. This surge raises concerns about market oversaturation, the quality of new projects, and regulatory challenges. Despite these issues, the industry's expansion reflects increasing investor interest and a move towards mainstream acceptance. However, experts express skepticism about the utility and success rate of these new tokens, with many expected to fail. The proliferation of tokens, now over 2.4 million, highlights the ease of creating new digital assets but also points to potential market clutter and the need for projects with strong fundamentals to stand out. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Tr1pl3-A

70% - Bitcoin, 25% - Ethereum and 5% - Litecoin. The Bitcoin is for my retirement 25 years from now. In my book Bitcoin is a good, stress free gamble on FIAT. Buy it, secure it and that’s your pension 25 years from now. :) Ethereum is midterm because I love the community effect it has and I don’t trust the competitors to it like Solana, which will probably crush and burn in the next 4 years. There’s a lot to unpack with Ethereum and I understand what OP feels, DYOR-ing is hard and confusing and definitely not exciting when you want to get rich quick, but it pays if you do it right and have patience. With Ethereum, particularly, you have to truly gasp the ideea of it in order to fully comprehend how big and useful is going to be in the future. Why? DYOR harder, this ain't a free meal. And Litecoin is for swinging on the weekly to make some pocket money. I love Litecoin… not as much as the 2 other coins mentioned above, but, it’s a POW OldSkool OG Coin that’s cheap, secure and fast.

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tldr; Bitcoin prices have been fluctuating, with analysts predicting a potential surge past $74,000 due to a 'cup and handle' reversal pattern. This optimism is tempered by concerns over declining on-chain activity and miner capitulation, which could pressure prices lower. The pattern suggests a breakout could lead to new highs, but declining transaction fees and reduced miner revenue post-Halving could force miners to sell BTC, potentially driving prices down. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; North Korea reportedly laundered $147.5 million in stolen cryptocurrency using the virtual currency exchange service Tornado Cash in March, as per a confidential UN report. The funds were stolen from the cryptocurrency platform HTX in late 2023. This activity is part of North Korea's efforts to finance its nuclear ambitions and evade UN sanctions, showcasing the regime's increasing sophistication in money laundering techniques. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Crypto assets experienced a rally following the release of April's Consumer Price Index (CPI) statistics, which came in line with analyst expectations, indicating a decrease in inflation for the first time in three months. Despite inflation remaining above the Federal Reserve's 2% target, the data led to market speculation about potential interest rate cuts, boosting the prices of risk assets including cryptocurrencies. Bitcoin's price jumped 5% on the day, breaking a downtrend that had persisted since April, though it faced resistance at the $65k level. Traditional equities also saw gains, with the S&P 500 and Nasdaq 100 reaching new all-time highs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AdWild3717

50% “save” BTC/ETH, 50% Altcoins, mostly RWA and AI coins (I prefer to not get rugged with memes). DYOR

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tldr; A House proposal aiming to revoke the SEC's Staff Accounting Bulletin 121, which outlines how businesses should account for crypto assets, is likely to pass in the Senate. The resolution, which has already advanced in the House, faces a potential veto from President Biden. Critics argue the bulletin deters companies from holding crypto for customers, and the resolution seeks to block the SEC from issuing similar guidance in the future. Despite a veto threat, the resolution has garnered bipartisan support, indicating significant opposition to the SEC's stance on crypto asset accounting. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Solana has surpassed Ethereum in Total Economic Value (TEV), marking a historic milestone in the crypto world. Solana generated $2,248,681 in TEV, outpacing Ethereum's $1,977,416. This achievement highlights Solana's growing utility and adoption, positioning it as a formidable competitor to Ethereum. The return of the DeGods NFT project to Solana was noted as a key factor in this success. The milestone has sparked debates on the comparison of layer-1 (L1) blockchains and the role of layer-2 (L2) solutions in the ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin's price reached $65,000, marking a 5% increase in 24 hours, following softer-than-expected Consumer Price Index (CPI) data. This surge, the highest since March 2024, reflects positive market reaction to inflation news and Federal Reserve Chair Jerome Powell's hints at no further interest rate hikes. The CPI data, showing a stable inflationary environment, along with Bitcoin's recent halving event, have influenced its price dynamics. The April CPI report showed a 0.3% increase, with a year-over-year rise of 3.4%, aligning with expectations and contributing to a favorable investment climate for Bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ToeGroundbreaking239

Look for some low market cap coins, with a tiny percent! And I mean tiny. That tiny amount could turn into big win, but you must DYOR. I’ll give you the best opportunity in crypto since BTC and ETH. Layer One X! It is a game changer! Not financial advice! I have some more low cap gems if you are interested. Truly revolutionary projects in Defi and beyond!

SweetMelColum

One of the best investements this time. DYOR NFA ! Ruben best dev!

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tldr; The IOTA Foundation has launched the IOTA 2.0 public testnet, introducing a decentralized Proof of Stake mechanism to replace the old Coordinator-driven system and eliminating conventional Proof of Work. This update aims to make the network more secure, scalable, and environmentally friendly by reducing its environmental impact and enhancing its efficiency. The launch marks a significant step towards full decentralization, inviting community participation to test and refine the new system. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Robinhood Crypto has launched new features for its customers in Europe, including staking, localized apps, crypto rewards for new customers, and updated Learn & Earn modules. These updates aim to improve accessibility and user experience for Europe-based crypto traders. Staking will be available exclusively for Solana (SOL) holdings, and new customers can earn a 10% bonus on net buys over their first 30 days. Local language versions of the app will be launched in Italy, Poland, and Lithuania, enhancing the trading experience by providing support in native languages. Additionally, Learn & Earn modules focused on AVAX, BTC, and USDC will soon be available in multiple languages, including Italian, Polish, and Lithuanian, to help customers expand their crypto knowledge. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Geoffrey Morphy, President and CEO of Bitfarms, a leading cryptocurrency mining company, has resigned effective immediately following a lawsuit he filed against the company. Morphy sued Bitfarms in the Superior Court of Ontario for $27 million, citing breaches of contract, wrongful dismissal, and other grievances. Bitfarms, disputing Morphy's claims as baseless, terminated his employment ahead of finding a replacement. Nicolas Bonta, Chairman and Co-Founder, is temporarily filling the CEO role while the company searches for a permanent successor. Despite the legal issues, Bitfarms continues its expansion, including a $240 million investment to upgrade mining infrastructure. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; USDC stablecoin issuer Circle is planning to move its legal base from Ireland to the U.S. ahead of an initial public offering (IPO). The company has filed court paperwork for the shift as it prepares for the IPO, having confidentially submitted plans to the U.S. Securities and Exchange Commission (SEC) earlier. The move to go public could provide Circle with significant resources to promote USDC and enhance its competitiveness. Details of the IPO, such as the number of shares and price range, remain undisclosed. Circle initially aimed for a public listing in 2021 and later pursued a deal in 2022, which did not materialize. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin has stabilized at around $62,000 ahead of the US CPI numbers for April, following a period of volatility. Most altcoins are experiencing declines, with ETH dropping to $2,900 and BNB losing over 3% of its value. FLOKI, a meme coin, has seen a significant increase, soaring by about 14%. The total crypto market cap remains nearly unchanged at just under $2.4 trillion. The article also mentions expectations of more fluctuations in Bitcoin's price with the upcoming announcement of the US CPI numbers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Since April, over 1 million new tokens have been launched, with 370,000 on Ethereum and 640,000 on Solana, many being memecoins. Ethereum's layer-2 network Base saw 327,553 new tokens, contributing to a 630% surge in its total value locked. Solana saw 643,227 new tokens, with 466,914 being memecoins. This explosion in memecoin creation has sparked debate within the crypto community, with concerns over scams and the impact on the crypto ecosystem's values. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; President Joe Biden ordered the operators of a cryptocurrency mining facility near Francis E. Warren Air Force Base in Wyoming to sell off their interest due to national security concerns linked to their ties to China. The facility, operated by MineOne Partners Limited and its affiliates, is located close to the base, which controls nuclear-armed intercontinental ballistic missiles. The order mandates the removal of all installations within 90 days and prohibits access, requiring ownership transfer within 120 days. The decision was made after the Committee on Foreign Investment in the United States identified the operation as a national security risk due to its proximity to the base and the specialized equipment used. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Jim Cramer, the host of Mad Money on CNBC, has advised his audience to buy Bitcoin directly if they want exposure to the cryptocurrency, rather than investing in MicroStrategy's shares. Despite MicroStrategy's 87% year-to-date return, Cramer prefers direct Bitcoin purchases, highlighting the cryptocurrency's 130% year-to-date profit. This advice comes amidst a backdrop of MicroStrategy CEO Michael Saylor's significant Bitcoin holdings, valued at over $13 billion, and the fluctuating performance of Bitcoin and Bitcoin ETFs in the market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The crypto industry is significantly influencing U.S. elections, aiming to elect crypto-friendly candidates and establish a favorable regulatory framework. Crypto-focused PACs, like Fairshake, have raised substantial funds and influenced key races. The industry's efforts include educating lawmakers and supporting candidates across political lines. Despite past challenges, the industry's political influence is growing, with efforts to shape both Congressional and presidential elections. The industry's stance varies on whether a Trump or Biden presidency would be more beneficial for crypto, but there is a consensus on the need for a clearer regulatory environment. Additionally, there's a focus on state-level politics, where significant progress can be made in shaping crypto-friendly policies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Google Cloud and UniSuper experienced a significant error when setting up UniSuper's private cloud account, leading to its deletion. This incident disrupted services for UniSuper's 620,000 members, affecting access to their retirement funds. The CEOs of both companies issued a joint apology, attributing the mishap to a unique setup error. Despite having backups, the deletion complicated the restoration process. However, services were eventually restored with the help of another service provider. This event has raised concerns about cloud service security and reliability, especially for financial institutions. Google Cloud has taken steps to prevent such incidents in the future, and UniSuper is focused on fully restoring its services and ensuring this doesn't happen again. The fund manages about $125 billion in assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ajax_ZQN

Don’t bring a knife to a gun fight, son. You’re more likely to get positive engagement on your questions here if you were able to demonstrate you’d DYOR. It’s more than obvious you haven’t, so …. read The Bitcoin Standard first, then let’s talk.

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tldr; Tornado Cash developer Alexey Pertsev was sentenced to 64 months in prison by a Dutch court for money laundering. The court found that Pertsev engaged in money laundering from July 2019 to August 2022 through the Tornado Cash platform. His arrest in August 2022 followed the U.S. government's blacklisting of Tornado Cash, which was allegedly used by the North Korean hacking group Lazarus for major crypto thefts. The trial's outcome could influence future cases against other Tornado Cash developers facing similar charges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

billy-joe-cyrus

Nothing is inorganic about creating an actual account to spread awareness. There are plenty of active redditors that hold kendu. DYOR

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tldr; Ethereum's latest improvement proposal, EIP-7706, led by co-founder Vitalik Buterin, introduces a new approach to transaction processing by segmenting gas types to enhance blockchain efficiency and scalability. It proposes separate gas metrics for transaction calldata and a restructured fee model, including a novel transaction type with detailed fee vectors for execution, blob, and calldata gas. The proposal also suggests a unified basefee adjustment mechanism across different gas types, aiming to simplify fee estimation, stabilize transaction costs during network congestion, and potentially lower overall transaction fees. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Mark Cuban, a prominent investor in cryptocurrencies, has criticized the SEC and its chair, Gary Gensler, for their anti-crypto stance, suggesting it could negatively impact President Biden's chances in the upcoming election. Cuban argues that the SEC's approach has made it difficult for legitimate crypto businesses to operate, potentially alienating younger and independent voters who view crypto as a mainstay. He suggests that crypto regulation should be more tailored to the industry, similar to other sectors, and hints that the crypto community's vote could be influential in the election. Cuban's comments reflect broader concerns within the crypto community about regulatory approaches to cryptocurrency in the U.S. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Hong Kong's Bitcoin and Ethereum ETFs experienced record outflows, with $38 million withdrawn in a single day, marking the largest net outflows since their inception on April 30. The Bitcoin ETFs managed by China Asset Management, Harvest, and the Bosera-HashKey partnership saw a significant outflow of 519.5 BTC, valued at over $32 million. ChinaAMC's Bitcoin ETF led the outflows. Meanwhile, the Ethereum ETFs also saw their highest daily net outflows, with 2,270 ETH withdrawn. This contrasts with the U.S. Bitcoin ETF market, which saw a positive inflow of $66 million led by Fidelity's FBTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Two Bitcoin wallets, dormant since 2013 and holding a combined total of 1,000 BTC, suddenly transferred all their holdings, worth approximately $60.9 million. The first wallet received 500 BTC in September 2013, and the second received the same amount the following day. After over 10 years of inactivity, both wallets moved their Bitcoin to new addresses within a 20-minute span over a recent weekend. The significant increase in Bitcoin's value since 2013 highlights the wallets' growth from an initial combined value of around $124,000 to $60.9 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Cryptocurrency exchange Coinbase is experiencing a system-wide outage, as reported on May 14, 2024. The company is actively investigating the issue and working on a solution. Despite the outage, Coinbase has assured its users that their funds are safe. The website currently displays a '503 Service Temporarily Unavailable' alert. Further details are awaited as this is a developing story. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Al8tk

Hardware wallet is the best choice. Hard to buy it - use software. CEXs? Well, remember the golden rule: not your keys - not your money. If you are looking for additional income on stables - use DEX. Aave for example. NFA, DYOR.

Inevitable-East2663

Its audited 400 tons of gold held in london.. its an O IOU of gold crypto.. like USDT or USDC you just have to make shure you pay the good price... For me Better than holding stable in the bear. I use it to not withdraw so i dont take profits out on fiat and have pay taxes on it and make shure i dont loose to inflation/asset/crypto crash DYOR of course and NFA

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tldr; The crypto AI sector is witnessing significant collaborations and developments, including ChainGPT's upcoming IDO for its AI-powered crypto adviser, Wisdomise AI, and partnerships between KIP Protocol and Aethir to accelerate AI development. Additionally, the $7.5 billion token merger between SingularityNet, Fetch.ai, and Ocean Protocol has led to the creation of the Artificial Superintelligence Alliance (ASI), focusing on deploying AI agents, language learning models, and AI data sharing. However, the sector is also facing challenges with scams, as seen in the $1.27 million exploit of the Genius Crypto Token GNUS.ai. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Litecoin (LTC) experienced significant price fluctuations, dropping below $80 before recovering. The $80 level served as crucial support, while $81.84 acted as resistance, indicating key market dynamics. A 44.56% increase in trading volume suggests growing buyer interest. Positive sentiment on social media correlates with price increases, though not consistently. Technical indicators show LTC's market position as neutral with potential for reversal and continued bullish momentum, as it trades above its moving averages and the MACD is above the signal line, indicating bullish trends. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; An analyst predicts a potential 90% surge in Bitcoin prices, citing historical patterns where Bitcoin retested the 100-day moving average, marking a local bottom followed by a significant rally. The most recent instance before this prediction was in January 2024, leading to a 90% surge. The current retest of this level suggests Bitcoin may have found a local bottom, potentially leading to a bullish outcome. However, the market remains under pressure, and the upcoming inflation data, including the US Producer Price Index (PPI) and Consumer Price Index (CPI), could influence Bitcoin's direction. A decrease in inflation could weaken the dollar, possibly benefiting Bitcoin as an alternative value store. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Metaplanet, a Japanese public company listed on the Tokyo Stock Exchange, has shifted its treasury reserve to a Bitcoin-only policy, citing Japan's economic challenges. The company now holds 117.7 BTC, valued at $32.71 million, and believes in Bitcoin's advantages as a scarce digital commodity with a fixed supply. This move aims to protect against yen devaluation and position Metaplanet as a forward-thinking investment vehicle. Following this announcement, Bitcoin's value rose by over 3%, surpassing $63K. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Decentralized finance (DeFi) platforms Lido and Aave have surpassed traditional blockchain networks like Bitcoin, Ethereum, and Solana in fee generation over the last 24 hours. Lido generated $2.34 million, while Aave generated $1.85 million in fees, compared to Ethereum's $1.84 million, Bitcoin's $1.34 million, and Solana's $1.17 million. This surge in fees reflects a growing preference among crypto users for engaging with DeFi platforms. Aave is planning to implement a fee switch to further engage and benefit its ecosystem participants, while Lido, offering a liquid staking solution, accounts for 28.5% of staked Ethereum, making it the largest DeFi protocol with a total value locked of approximately $28 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A Wall Street Journal report alleges Binance ignored internal investigations of market manipulation to maintain relationships with key clients. One case in 2023 involved DWF Labs, accused of creating artificial token volume. Despite recommendations to remove DWF, Binance did not act. The report also mentions Binance's decision to off-board the Tron Foundation following SEC charges of market manipulation, yet continued to support TrueUSD, linked to Tron's Justin Sun. The article suggests a culture at Binance of tolerating illicit activities for its benefit. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The Monero Moon (Issue 66) covers a range of updates and developments within the Monero community, including the launch of Haveno v1.0.3, a decentralized exchange for Monero, and various improvements and contributions to Monero's development. Highlights include Justin Berman's completion of his Seraphis CCS proposal, updates on Monero and Seraphis development by Jeffro256, the release of the Unnamed Monero Wallet's first progress report, and Selsta's funded CCS proposal for continued Monero development. Additionally, the article mentions the overload of Monero public remote onion nodes due to large transactions, the release of Gupax version 1.3.7, and the availability of Monero mining on Zergpool.com. Cake Labs introduced Cake Wallet v4.16.0 with Ledger hardware wallet support for BTC, ETH, and Polygon, with hopes for Monero support soon. The article also touches on Monero's presence in media, including a short film backed by the Monero community and a Coin Bureau Clip YouTube video featuring Monero. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A US district court in Columbia has ordered the freezing of 279 crypto accounts linked to North Korean operatives, following allegations of connections to crypto thefts. The ruling, made by Justice Timothy Kelly, is part of a case from August 2020 involving the laundering of stolen cryptocurrencies to bypass sanctions. The operation involved converting the illicit funds to fiat currency. Additionally, 134 virtual wallets were seized related to two cryptocurrency exchange hacks in 2019, involving over $270,000. This action is part of ongoing efforts to counter North Korean cyberattacks, which have been responsible for significant crypto losses and are believed to fund the nation's weapon development. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Flex-93

wtf did you really did any kind of DYOR ?

Flex-93

DYOR told me : "SHHHHHHHHHHHHHITT\*\*\*\*\*\*\* COIN ALERT """"""

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tldr; Ethereum gas fees have plummeted by 93%, reaching their lowest levels since early 2020, making transactions more affordable for users and developers. This decrease is attributed to the Cancun-Deneb upgrade and a downturn in network activity. However, concerns arise about the sustainability of these low fees, potential future congestion, and the impact on miners' profitability. The reduction in fees could also threaten decentralization by allowing larger entities to dominate block space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; El Salvador has publicly shared its Bitcoin holdings through a mempool, revealing it holds BTC valued at over $352.8 million. The government's Bitcoin Office announced this transparency initiative, allowing anyone to view El Salvador's Bitcoin treasury holdings in real-time. Additionally, El Salvador purchased an extra 31 BTC over the last month as part of a Dollar Cost Averaging strategy. Despite this, Bitcoin adoption among the local population remains modest, with only 12% using it for transactions in 2023, down from 24.4% in 2022. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Ripple has joined the Decentralized Recovery Alliance (DeRec) as a new member, alongside its XRPL Labs, Algorand, Hedera, and others. DeRec aims to simplify secrets management for digital assets, accounts, keys, passwords, and more, making Web3 more accessible. It is developing an open-source tool that allows for easier storage and recovery of information, even in case of a lost device. The DeRec app, invented by Hedera co-founder Leemon Baird, enables users to select helpers to hold encrypted fragments of their secrets, enhancing security and recovery options. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Religious leaders are debating the merits of conducting religious activities in the metaverse. Some see it as a way to enhance the experience of faith through immersive technologies, citing the potential for deeper meditation and engagement with religious stories. However, others, particularly Christian theologians and pastors, argue that it cannot replace the physical presence and community of traditional churches. The Catholic Church has experimented with metaverse technologies but Pope Francis has expressed concerns about the broader implications of artificial intelligence, advocating for a moral and legislative framework to mitigate its risks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ethereum restaking allows assets already staked on the Ethereum blockchain to be staked again on different platforms for additional rewards, enhancing both utility and liquidity. It contributes to the Ethereum ecosystem's efficiency and security by implementing slashing conditions for restaked ETH. Projects like EigenLayer facilitate restaking by connecting staked ETH with various opportunities, offering both native and liquid restaking options. Restaking provides flexibility, extended security, and the potential for increased rewards, but it also carries risks such as increased slashing and potential centralization. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Billionaire Mark Cuban criticizes SEC Chair Gary Gensler for not protecting any crypto investors against fraud. Cuban argues that Gensler's strict regulations on the crypto industry could negatively impact President Joe Biden's chances in the 2024 election, as crypto is popular among younger and independent voters. He suggests that Congress could help by passing legislation for clear crypto guidelines or by assigning cryptocurrency regulation to the Commodities Futures Trading Commission (CFTC). Cuban also advises Coinbase to endorse political candidates committed to replacing Gensler. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Wall Street banks including JPMorgan, Citi, U.S. Bank, and Wells Fargo are collaborating with Visa, Mastercard, and Swift to test a system for the common settlement of tokenized assets using shared-ledger technology. This initiative, known as the regulated settlement network, aims to leverage blockchain technology for asset tokenization, which Citi analysts predict could grow into a $5 trillion market by 2030. The project represents a significant step towards mass institutional adoption of blockchain and cryptocurrency technologies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Changpeng “CZ” Zhao, the former CEO of Binance, hinted at writing a book about his experiences and insights into the crypto world while serving jail time for money laundering charges. Zhao, who stepped down from his role in November 2023, teased the potential project on social media, suggesting he would use his upcoming *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

GetBent1990

DYOR, but you want to do it unless you have the ability to learn it. Look into mining company stocks instead if you aren't mining. CleanSpark, CORZ... fuck RIOT.

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tldr; The article discusses the game-theory behind Zenon Network's approach to achieving progressive decentralization. It highlights the network's dual-coin hybrid PoW-PoS system, which aims to prevent the concentration of power among validators by requiring a second coin, QSR, for setting up new pillars. This system introduces barriers and costs to acquiring QSR, thus blunting the advantage of existing validators and promoting a more decentralized network. The piece also touches on Zenon's commitment to decentralization, its unique launch strategy, and the community's role in preserving the network's history and guiding its future through ZIPs (Zenon Improvement Proposals). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The article discusses four reasons to buy Ethereum, highlighting its potential for significant growth. These reasons include stabilizing interest rates, a declining supply of Ethereum due to the 'London' upgrade and the switch to proof of stake, the possibility of future ETF approvals, and the growth of decentralized apps on the Ethereum network. Despite its volatility, Ethereum is seen as having a lot of upside potential, with predictions of its price reaching as high as $166,000 by 2032 according to Ark Invest's Cathie Wood. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Franklin Templeton CEO Jenny Johnson predicts a significant shift in the investment landscape due to blockchain technology. In her speech at the Milken Global Institute Conference, she envisioned ETFs and mutual funds moving to blockchain platforms, which would revolutionize investing by streamlining processes and reducing costs. Johnson highlighted Franklin Templeton's pioneering steps into blockchain with an SEC-approved money market fund and discussed the potential for blockchain to democratize access to new asset classes like NFTs, despite regulatory challenges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

HBAR_10_DOLLARS

Sell and buy into Hedera. Look at their governing council. They have already won and are in the process of being mass adopted now. DYOR. Look at this post. https://np.reddit.com/r/Hedera/comments/1cehy0u/to_all_newcomers_a_scope_of_major_projects_being/ It will be a long process but it’s inevitable.

coinfeeds-bot

tldr; Ethereum has experienced a mix of bullish and bearish signals recently, with a notable increase in new addresses suggesting growing interest. However, the overall market sentiment remains negative, and technical indicators suggest a potential continuation of the downtrend. Analysts are divided, with some seeing a short-term price increase due to increased volatility, while others, noting the bearish sentiment and technical patterns, predict a continuation of the downtrend. Ethereum's future trajectory remains uncertain, with the possibility of both short-term spikes and a longer-term bearish trend. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

vaccster

$RNDR is crypto $NVDA… not financial advice DYOR

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tldr; Blockchain technology, known for its role in cryptocurrencies like Bitcoin, ensures secure and unchangeable transactions without a central authority. However, as demand grows, the need for faster transactions has led to the development of parallel execution. This method allows multiple transactions to be processed simultaneously, increasing efficiency, reducing latency, and improving scalability. Networks like Solana, Sei Network, Monad, Aptos, and Sui have adopted parallel execution to significantly enhance transaction speeds and lower costs, marking a pivotal advancement in blockchain technology. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Kraken is contesting SEC charges that it operated as an unregistered securities exchange, broker, dealer, and clearing agency. The crypto exchange filed a motion to dismiss the SEC's charges, arguing that the SEC's claims expand its jurisdiction beyond its authority by attempting to redefine investment contracts. Kraken's defense highlights that the SEC has not clearly identified the securities in question, instead referring to broad concepts. The SEC alleges Kraken offered 11 'crypto asset securities' without proper registration, a claim Kraken disputes by referencing the Supreme Court's definition of an 'investment contract' in SEC v. W.J. Howey Co. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

1Kendu

I agree. And what’s more is the Kendu community is doing it right too. Rabat is focusing on organic community building. Unlike most crypto projects that rely on inside deals and allocations to influencers, Kendu stands out by rejecting all of that. The formula is simple, DYOR, buy a bag, and get to work in any way you feel fit such as writing articles, tweeting, making tik tok videos, YT videos etc. We say helmets on and martinis in hand. We don’t gamble, we work.

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tldr; Coinbase is engaged in a legal battle with the SEC over cryptocurrency regulation in the US. Coinbase advocates for crypto-specific regulations, arguing that current laws, designed for traditional securities, are inadequate for the dynamic crypto industry. The SEC, however, believes existing securities laws are sufficient and has rejected Coinbase's push for new rules. This dispute has led to legal challenges, with Coinbase accusing the SEC of unfairness and inconsistency, particularly in its enforcement actions. The outcome of this battle could significantly impact the future regulatory landscape for cryptocurrencies in the United States. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; QANplatform has launched the world's first quantum-resistant and Ethereum Virtual Machine (EVM)-compatible blockchain testnet, allowing developers to code smart contracts in any programming language. This testnet is a significant advancement in Web3 technology, offering unique features such as quantum-resistant security, compatibility with Ethereum, and a no-code smart contract studio for developers with zero coding experience. The platform uses CRYSTALS-Dilithium for its activities, ensuring security against quantum computer attacks. This launch follows QANplatform's implementation of quantum-resistant technology for a European Union member state. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Traders are accumulating PEPE tokens despite the crypto market's fluctuations, with significant transactions noted. One investor withdrew 350 billion PEPE tokens valued at $3.44 million from Binance, making a $2.66 million profit. Another bought 123.66 billion PEPE tokens for 1.09 million USDC. PEPE's market cap has reached $3.67 billion with 420 trillion tokens in circulation, indicating high trading volume and investor interest. The price of PEPE has seen a slight increase, performing better than the broader crypto market but less so compared to similar Ethereum ecosystem cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article from Chainspect discusses technical metrics such as Transaction per second (TPS), Block Time, and Time to Finality (TTF). It provides a list of different systems with their real-time TPS, maximum recorded TPS, block time, and TTF. The list appears to rank the systems based on their performance on these metrics, although the article does not provide further analysis or context. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Mark Cuban has advocated for the Commodities Futures Trading Commission (CFTC) to regulate all aspects of the cryptocurrency industry, urging the U.S. Congress to provide regulatory clarity before the 2024 presidential election. He believes this move could secure a second term for President Joe Biden by addressing the crypto community's concerns. Cuban criticized the SEC and its Chair Gary Gensler for their stringent regulatory approach, which he claims has made it difficult for legitimate crypto companies to operate in the U.S. He suggests that the CFTC would be a better regulatory body for the crypto industry, highlighting the need for industry-specific registration and regulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Sam Bankman-Fried, in his first interview from the Metropolitan Detention Center, shared his experiences and reflections on the events leading to his imprisonment. He believes he was unfairly made the scapegoat during FTX's collapse, asserting that if he had remained in charge, FTX would be valued at $80 billion today. Despite facing a 25-year sentence for cryptocurrency fraud, Bankman-Fried maintains his innocence and is preparing for an appeal. He also discussed the challenges of prison life, including adapting to the food and limited entertainment options. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Binance, the world's largest crypto exchange, has been fined $4.3 million USD by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for failing to comply with anti-money laundering and counter-terrorism financing rules. This fine comes after Binance had already left Canada nearly a year prior, citing restrictive regulations. The penalty is for not reporting transactions over $10,000. This adds to Binance's regulatory challenges, as it also faces scrutiny in the U.S., Philippines, and Nigeria for similar violations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

pythosynthesis

I've been following the conversation since before you were aware of what Bitcoin is. And what actually drives the decision. I hinted at it in one of my replies. I don't reply further because I cannot be bothered and I don't support laziness. So once again, DYOR.

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tldr; Despite the bleak outlook for spot Ether ETFs in the US, Hong Kong has launched three spot Ether ETFs, potentially positively impacting Ethereum's global market presence. These ETFs allow for both cash and 'in-kind' transactions, enabling investors to trade shares with Ethereum directly. However, the reception has been mixed, with only one of the three ETFs experiencing a net inflow of funds. This development contrasts with the US, where regulatory hurdles continue to impede the approval of Ethereum ETFs, with prominent figures like Michael Saylor predicting a lack of institutional acceptance for Ethereum and other cryptocurrencies besides Bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Binance and KuCoin, previously banned in India for operating illegally, have become the first offshore crypto-related entities to be registered with India's Financial Intelligence Unit (FIU-IND). KuCoin has resumed operations after paying a $41,000 fine, while Binance's operations are pending as it awaits the determination of its penalty. The registration comes after negotiations and compliance proceedings with the FIU-IND, part of India's Finance Ministry. Other banned platforms are either negotiating with the regulator or planning to exit the Indian market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Binance, the world's largest crypto exchange, has agreed to pay a fine to India's Financial Intelligence Unit (FIU-IND) and will continue its operations in India. This move is part of a broader compliance effort with Indian anti-money laundering (AML) laws. Binance and KuCoin have become the first offshore crypto-related entities to register with FIU-IND, following a period where FIU-IND issued show-cause notices to nine offshore crypto exchanges for operating without adhering to the Prevention of Money Laundering Act (PMLA) of 2002. The compliance with these regulations marks a significant step towards creating a more compliant crypto ecosystem in India. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DistributionSharp1

Many L2 are going to drop and are still worth farming. The only cost there is gas fees, which can be up to a few hundred dollars depending on how long one has to grind. Be careful with Twitter, there are loads of scams. The same goes for Discord. DYOR and don't click blindly any links because it sounds promising. Best practice is to install security extensions for your browser before doing so. Lots of people got rekt already. I started farming Hyperlane, it's not cheap, but I have high hopes for that one. You can try testnets, they are for free but also heavily diluted. Not worth the effort, except for a very few, IMHO.

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tldr; A Wall Street Journal report alleges Binance ignored internal investigations of market manipulation to maintain relationships with key clients. One case in 2023 involved DWF Labs, accused of creating artificial token volume. Despite recommendations to remove DWF, Binance did not act. The report also mentions Binance's decision to off-board the Tron Foundation following SEC charges of market manipulation, yet continued to support TrueUSD, linked to Tron's Justin Sun. The article suggests a culture at Binance of tolerating illicit activities for its benefit. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; VELO, dubbed the "XRP of Southeast Asia," has seen a significant price surge of 358% in six weeks, according to Santiment's analysis. This growth reflects the increasing demand for innovative financial products in Southeast Asia and the rising interest in emerging cryptocurrencies. UMA also experienced a notable increase, with a 50% gain in just 36 hours, highlighting the volatility and dynamic nature of the cryptocurrency market. These movements underscore the growing appeal of digital assets like VELO and UMA among investors and traders in the region. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; DeBio Network, a Decentralized Science startup from Indonesia, is creating the first appchain for medical and bioinformatics data, focusing on genetic testing. It addresses privacy concerns in genetic testing by allowing anonymous, at-home sampling and testing, and enables users to monetize their genetic data. The project uses blockchain and smart contracts, introducing the $DBIO token for ecosystem transactions. DeBio aims to offer services like genetic analysis and AI-powered wellness insights, using revenue to reinvest in the ecosystem. It has won awards for its innovative approach to anonymous DNA testing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Twitter co-founder Jack Dorsey predicts Bitcoin (BTC) could reach a value of at least $1 million by 2030. In a May 9 interview, Dorsey expressed a bullish outlook on Bitcoin's long-term price, emphasizing the cryptocurrency's ecosystem and collaborative nature over its price. He also discussed his departure from the board of BlueSky, a decentralized Twitter alternative, criticizing it for not being truly decentralized and repeating Twitter's mistakes. Dorsey's financial services firm, Block, plans to reinvest 10% of its gross profit from Bitcoin-related products into buying more BTC monthly. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A tour of Hong Kong's abandoned crypto outlets highlights the city's fluctuating relationship with the cryptocurrency industry. The closure of these outlets, including those linked to the failed JPEX exchange which left over 2,600 depositors out of approximately US$206 million, symbolizes the volatile nature of the crypto market in Hong Kong. Despite efforts to position Hong Kong as a blockchain innovation hub, the industry faces challenges with fraud and scams, contributing to significant financial losses for investors. The city's struggle with crypto-related crime, including a notable case of abduction and assault over a crypto dispute, underscores the darker aspects of the crypto boom in Hong Kong. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Marathon Digital, a leading bitcoin miner, missed Q1 revenue expectations due to operational challenges, including equipment failures and weather-related issues. The company mined 2,811 bitcoin, a 34% decrease from the previous quarter. Despite these challenges, Marathon reported earnings per share of $1.26, surpassing Wall Street estimates. The company remains committed to its 2024 guidance of reaching 50 exahash per second. Following the announcement, Marathon's stock fell approximately 1.5% in post-market trading. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin mining difficulty has experienced its largest drop in nearly 18 months, decreasing by 5.7% to 83.1 trillion. This adjustment follows a 10% decline in the network's hash rate since the last adjustment on April 24. The decrease in mining difficulty is seen as a response to the reduced number of miners, making it easier for the remaining miners to find new blocks. This adjustment is significant as it marks the highest negative adjustment since the bear market lows of December 2022, when bitcoin was trading around $17,000. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Public-Ad-9540

RNDR is a interesting project with real life applications. DYOR as always.

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tldr; Donald Trump mocked the Biden-themed BODEN token during a special NFT event at Mar-a-Lago, commenting on its $240 million market cap as a lot of money for a coin he wouldn't invest in. Following his remarks, BODEN's value rose by 18%, reaching a market cap of approximately $243.4 million. Meanwhile, the Trump-themed MAGA (TRUMP) coin has a higher market cap of $290.9 million. The article highlights the resurgence of presidential-themed meme coins and their significant growth, particularly in 2024, with TRUMP coin experiencing a 52,442.7% profit since its launch seven months prior. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; OKX Ventures, the investment arm of OKX, has announced an investment in Wild Forest, a web3 free-to-play real-time strategy game. Wild Forest features PvP battles, a token-driven economy, and has shown significant market impact with 18,300 daily active users, 61,900 monthly active users, over 104,800 installations, and more than 1 million NFTs minted since its Beta launch. The game, backed by notable entities like Sky Mavis and Animoca Brands, sold out its early NFT Sale in just 7 minutes, indicating strong market enthusiasm and potential for growth in the Web3 gaming space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Talk-show host Jimmy Kimmel criticized collectors of Donald Trump’s NFT projects, calling them 'suckers' and 'freaks', as the floor price of Trump Digital Trading Cards doubled to $434. The price increase coincided with Trump hosting an event at Mar-a-Lago for NFT collectors, where he made pro-crypto comments. Kimmel mocked the event and the collectors, highlighting the high costs for some NFTs and the perks offered, such as pieces of a suit Trump wore. This occurred amidst a political divide on crypto regulation, with Trump criticizing the SEC's stance against crypto. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The memecoin Jeo Boden (BODEN), named after a misspelling of U.S. President Joe Biden, experienced a significant price surge in the past 24 hours following a public statement by Donald Trump. Despite Trump expressing disapproval of the investment when asked about it at the Trump Cards NFT Gala, the coin's market cap reached $251 million, with a price increase of almost 10% and a 20.65% surge in trading volume. Trump's comments on cryptocurrencies have been closely watched, given his critical stance on virtual currencies and the Federal Reserve's digital dollar plans. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

YogurtclosetTall2558

It's hard to say for sure about memecoin stability on Solana. Community matters, like you said with Popcat. But sometimes even big market cap coins like Mew/Bome can take a hit when Solana dips. Nano-cap coins are even riskier. Yewif might be doing well now, but that could change fast. Call of Voyd by Mystic Games does seem interesting - it's a mobile RPG with NFT and character customization features. However, it's a new project. Definitely DYOR before jumping into any memecoin, including Call of Voyd, to understand their tokenomics and gameplay.

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tldr; Bitcoin is advancing past the early adopters stage on the product adoption curve, with Wall Street and major financial institutions recognizing it as a legitimate financial asset. DeFi, however, is still in the early stages, primarily known within the crypto community and innovators. The challenge for Bitcoin is to cross the adoption gap to the early majority, which would solidify cryptocurrencies as a legitimate asset class, leading to increased investment and innovation in the space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin whales have accumulated over $941 million worth of BTC in the past 24 hours, increasing their holdings by 15,121 BTC. This marks the highest level of collective stash in two weeks, indicating a re-accumulation phase and signaling whales' confidence in the Bitcoin market. The accumulation comes after weeks of selling and profit-taking, with the current price range of Bitcoin offering an opportunity for investors to buy the dip. This trend aligns with analyses from blockchain analytics platforms and on-chain experts, suggesting a potential price recovery and the beginning of a post-halving re-accumulation phase expected to precede a bullish market takeover. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The collaboration between Arbitrum and Injective aims to enhance blockchain interoperability and efficiency. By integrating Injective’s inEVM into Arbitrum’s Orbit tech stack, the partnership promises lower transaction costs, faster speeds, and a more interconnected ecosystem across the Cosmos and Ethereum networks. This integration allows for seamless asset transfers and liquidity across platforms, offering developers and users new opportunities for innovation within Ethereum’s expanded ecosystem. The collaboration has also influenced market movements, with slight changes in the prices of INJ and Arbitrum’s token. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The U.S. Securities and Exchange Commission (SEC) has classified Ripple Lab's planned stablecoin as an "unregistered crypto asset." The SEC's stance is part of a broader legal battle where it has accused Ripple of selling XRP as an unregistered security since 2013. Ripple announced plans to launch a new stablecoin, backed by cash and short-term US government treasuries, on Ethereum and the XRP ledger. Despite a partial victory against the SEC in court, the regulatory body maintains that Ripple's sales of XRP to institutional buyers were illegal. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; VanEck's MarketVector has launched a meme coin index named MEMECOIN, tracking the top six meme tokens including Dogecoin, Shiba Inu, and Pepe among others. The index, which represents a market cap of $44.67 billion out of the meme coin market's $51 billion, has seen a yearly increase of 195%. This performance outpaces both the CoinDesk 20's 97% increase and Bitcoin's 123% rise over the same period. The index's creation reflects the growing interest and investment in meme coins, driven by factors like low transaction fees on certain blockchains. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Former U.S. President Donald Trump has announced a new approach to cryptocurrency, particularly in campaign financing for the 2024 presidential election, by expressing openness to accepting cryptocurrency donations. Trump criticized President Joe Biden's understanding of the crypto landscape and pledged to create a favorable environment for crypto businesses in the U.S. He also cautioned against excessive investment in speculative assets like meme coins. This shift in Trump's stance on crypto, including his previous launch of a successful NFT collection, marks a significant intersection between cryptocurrency and mainstream politics. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The Treasury Committee is urging the Financial Conduct Authority (FCA) to mandate banks to be more transparent about their reasons for debanking small businesses. A report highlighted that over 140,000 small businesses were debanked by major lenders in the past year without clear explanations, affecting a range of sectors from defense to pawnbroking. The Committee recommends that banks report the number of closed business accounts quarterly, categorized by reason, to address the lack of transparency and consistency in debanking practices. The report also suggests legislative changes to protect businesses from unjust debanking. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Former President Donald Trump announced his support for cryptocurrencies during a gathering at his Mar-a-Lago resort, criticizing the Biden administration's stance on digital assets. He promised to create a welcoming regulatory framework for blockchain and digital currencies if elected, and openly welcomed campaign donations in Bitcoin and other digital assets. This move is seen as an attempt to attract younger, tech-savvy voters and positions Trump at the forefront of pro-crypto policies in the upcoming 2024 Presidential race. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The memecoin 'Jeo Boden' (BODEN), a joke cryptocurrency named after a misspelling of U.S. President Joe Biden's name, surged by as much as 25% after former President Donald Trump commented on it during a Q&A session at the Trump Cards NFT Gala held at his Mar-a-Lago resort. Trump's remark, 'I don't like that investment,' came after an attendee mentioned the coin and its $240 million market capitalization. Following Trump's comment, BODEN's price increased, trading around $0.40, up approximately 15%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Australia's Taxation Office (ATO) is requiring cryptocurrency exchanges to hand over personal and transaction details of 1.2 million traders to crack down on tax evasion. This move is part of a surveillance effort to ensure compliance with capital gains tax obligations on crypto sales. The ATO's request includes names, addresses, birthdays, and transaction details to identify traders who haven't reported their cryptocurrency-related activities. This crackdown follows the FTX collapse and includes measures against companies selling tokens without licenses and proposes a new licensing regime for crypto exchanges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; In 2023, there was a historic surge in ransomware incidents and payments, despite significant disruptions to major ransomware actors like Qakbot, LockBit, and ALPHV-BlackCat. These disruptions included the takedown of Qakbot's infrastructure, seizure of LockBit's sites and infrastructure, and the disruption of BlackCat, which later attempted an exit scam. Despite these efforts, the adaptability and resilience of ransomware actors challenge the effectiveness of such measures. The article highlights the need for a concerted effort involving both public and private sectors to counter ransomware threats effectively. It also notes the trend of decreasing ransom payments, attributed to enhanced cyber resilience among organizations and the availability of decryptors from law enforcement actions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Espresso Systems has raised $28 million in Series B funding led by a16z crypto to further develop its blockchain scaling and privacy infrastructure, focusing on its shared sequencer solution. This technology allows multiple rollups to use a chain-agnostic, distributed consensus system for transaction ordering, aiming to decentralize the process and eliminate trust assumptions. The funding will also support the expansion of the Espresso team and investments in the rollup ecosystem. Espresso's shared sequencer network is designed to enhance the sovereignty and independence of individual rollups by creating a decentralized marketplace for shared sequencing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The U.S. House of Representatives is set to vote on a resolution to reject the SEC's cryptocurrency accounting guidance, known as SAB 121, which has been criticized for deterring banks from handling crypto customers. President Joe Biden has promised to veto the resolution if it reaches his desk, defending the policy as necessary to address risks and protect consumers. The policy requires banks holding customer's digital tokens to include them on their balance sheets, which has been criticized for potentially incurring massive capital expenses. The resolution's sponsor, Rep. Mike Flood, and others argue the SEC's guidance was improperly handled and did not consult with banking regulators. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Umar Farooq, CEO of JPMorgan’s blockchain platform Onyx, expressed concerns about the adequacy of public blockchains for large financial transactions at the Bank of International Settlements Innovation Summit. He highlighted the lack of accountability and the inability to handle large transactions as major issues. Farooq questioned who would be responsible in the event of a failed $100 million transaction on a public blockchain. Despite JPMorgan's use of a permissioned blockchain, Farooq criticized the incentive structure of public blockchains and advocated for viewing blockchain as a public good. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Edel Hsieh, a US cryptocurrency entrepreneur, has been detained in Dubai and alleges police torture during his interrogation. Hsieh, involved in a legal dispute with HyperVerse CEO, claims police forced him into signing a false confession by beating him, threatening him and his wife, and demanding money. He has been charged with theft and committing a felony while detained at Al Barsha jail for two months. Hsieh's wife fears for his health and safety, stating he has been denied access to medication and is suffering from a severe eye infection. The US consulate has visited Hsieh but stated it cannot intervene on his behalf. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Purchasers of a 'Mugshot' NFT released by Donald Trump are set to meet the former U.S. President at his Mar-a-Lago residence in Florida. This meeting is part of the benefits for buying the digital trading cards featuring Trump's mug shot from his surrender at the Fulton County Jail in Georgia. Trump, who faces multiple legal challenges, announced that buyers of at least 47 of these NFTs would be invited to the dinner. The event's details were not officially listed on Trump's website, and it's unclear if cryptocurrencies or NFTs will be discussed during the dinner. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.