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MicroStrategy announced the launch of an $875 million convertible bond offering. The proceeds will be used to purchase BTC and repay $3.9 billion in bond debt
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pls
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Артур Hayes: “Cutting rates is a bad idea because inflation is still a problem in the US. A cut could crash the cryptocurrency markets.” Cutting rates is a bad idea because inflation is still a problem in the US and the government is the biggest contributor to sustained price pressures. If you make borrowing cheaper, it increases inflation. The second reason is that the interest rate differential between the U.S. and Japan narrows when you lower rates. This could lead to a sharp appreciation of the yen and trigger a curtailment of yen-carry trades. The initial reaction would be negative and the central bank's response would be to cut rates even more to deal with the crisis. So I think cutting rates is a bad idea, but they will do it anyway, and so they will get to zero quickly.
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WalletConnect plans to launch its Connect (WCT) token and give away 185 million WCT (18.5% sapplay) airdrop to active users WalletConnect, a web3 communications protocol, is launching its Connect (WCT) token on Mainnet Optimism. The token will also be distributed to users via airdrop. Registration for the airdrop WCT will open on September 24. WalletConnect Inc. will rebrand to Reown. The initial WCT offering is capped at 1 billion tokens, of which 18.5% is allocated for the first airdrop season. Participants must register by connecting their wallets and providing the required information. Initially, WCT tokens will be non-transferable to focus on functionality and ecosystem development. Full functionality is expected by 2025. With the launch of WCT, the WalletConnect network will begin the transition to a permissionless, community-driven structure. The newly formed WalletConnect Foundation will oversee the protocol and ensure the growth of the network.
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Trump: 'Cryptocurrencies are a very powerful market'
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🗣 Vitalik Buterin: Solo-stacking is the key to Ethereum security Independent stakers reduce reliance on centralized structures, which makes the network more resilient to attacks. Buterin noted that solo-stacking helps protect the network from “51%” attacks, and suggested raising the block finalization threshold to strengthen security. Solo-stacking assumes that users self-stack crypto without the help of third-party services or pools, which makes the network more decentralized.
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Tether printed 1 billion USDT on the Ethereum network
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DeGods announced the launch of the DEGOD token in partnership with y00ts and Dust According to the tokenomics: NFT DeGods can be exchanged for 550,000 DEGODs; NFT y00ts (Fuzzy DeGods) can be burned for 120,000 DEGOD; DUST token can be exchanged for 36 tokens. Saplai - 10 billion DEGOD 85% to NFT holders; 10% to the fund; 3% - to be used for Bonding Curve; 1% - to be used for initial liquidity;
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Matter Labs (zkSync) has hired Megan Hughes, former VP of marketing at Solana Foundation, as chief marketing officer Hughes has previously worked at Google, Facebook, Niantic and Stripe, and was head of marketing at the Solana Foundation. She will now be responsible for shaping marketing strategy at Matter Labs.
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Good morning! The market is neutral today. BTC $60 150, ETH $2422
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SEC expands lawsuit against Binance: AXS, FIL and ATOM recognized as securities The SEC has expanded its lawsuit against Binance, adding Axie Infinity (AXS), Filecoin (FIL) and Cosmos (ATOM) to the list of unregistered securities. Also included in the suit are Sandbox (SAND) and Decentraland (MANA). The SEC accuses Binance and its U.S. partner BAM Trading of promoting these tokens as investment assets in violation of securities laws. The expansion of the lawsuit is part of the SEC's strategy to tighten its grip on the crypto industry.
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MicroStrategy has acquired another 18,300 BTC for $1.11 billion MicroStrategy has 244,800 BTC on its balance sheet, acquired for $9.45 billion at an average price of $38,585 per BTC.
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Starknet token holders have approved a plan to implement steaking. Steaking will be available in Q4 for holders over 20,000 STRK (~$8K) 0.08% of eligible users participated in the vote
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OpenAI has released a new series of models, OpenAI o1 OpenAI o1 solves Olympiad-level math problems (AIME) at the level of the top 500 students in the USA and exceeds PhD-level accuracy in physics, biology, and chemistry tests (GPQA). OpenAI o1 will be available today in ChatGPT and for select API users. Information from the announcement: One of the key features of o1 is its ability to model human thinking. The models were trained to spend more time analyzing problems, allowing them to find more accurate and creative solutions. This is especially noticeable in areas such as science, programming, and mathematics. For example, o1 successfully handles tasks from international math Olympiads, which were previously considered inaccessible to artificial intelligence. Who is the o1 model intended for? Scientists: The model can be used to analyze large volumes of data, create complex models, and generate new hypotheses. Programmers: o1 can assist in writing code, debugging programs, and creating new algorithms.
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a16z Crypto selected 13 companies for the fall cryptocurrency startup accelerator (CSX) Anera Labs: creating liquidity infrastructure that aggregates all liquidity on the blockchain Banyan: using AI to overcome communication barriers at work and bring clarity to the corporate environment Blocksense: enabling the creation of oracles that use internet data and CPU/GPU computations Cork Protocol: a risk assessment protocol that accelerates blockchain lending Dot.Fun: turning user-created pixel art into game elements for online games Fermah: creating a universal zero-knowledge proof generation layer Future Primitive: creating a new home for internet photo friends Kuzco: a marketplace for LLM output MeshMap: creating a 3D map of the world and an AR content network Opacity Labs: privately verifying web2 data using zkTLS OpenGradient: creating a blockchain aimed at bringing global computing online PIN AI: creating an open platform for personal AI (data + agents)
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The CARV team has launched a campaign to combat sybil attacks. Users can voluntarily report their sybil activity and receive 15% of the estimated distribution. You can self-report on the website: https://sybil.carv.io Project website: https://carv.io/ Twitter: https://x.com/carv_official Raised $44.9 million: https://dropstab.com/coins/carv/fundraising
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Arthur Hayes: BTC is heavy, I'm targeting a price below $50k this weekend and have opened a short.
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GM ☀️
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Aleo announced the conditions for the airdrop Who is eligible for the reward tokens? You are eligible for tokens if you participated and earned rewards in one of the following programs: Ambassador Program Setup Ceremony Testnet 2 • Top 100 Awards • Credits Mined • GitHub PRs • Pool Testers • Pool Operators Testnet 3 • Prover Incentives • Deploy Incentives Testnet Beta • Prover Incentives II ZPrize 2022/2023 zkML Initiative Enigma To claim the tokens, you will need to go through the standard KYC procedure, including uploading documents to verify your identity (hello decentralization). Additionally, for users from certain countries, token lock will be introduced, as required for legal reasons.
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The migration of MATIC tokens to POL has been completed. POL is now used as the gas and staking token on Polygon PoS.
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