amelia569082

@amelia569082

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In 2024, the total value locked on Solana surged from around $1.5 billion in January to nearly $8.5 billion by December, according to data from DefiLlama.

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For the United Arab Emirates, 2024 marked a significant milestone. With five regulators now overseeing virtual asset service providers (VASPs), the nation introduced a series of laws, licensing frameworks and tax exemptions.

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Australia’s Federal Court fined the Australian operator of United States-based cryptocurrency exchange Kraken 8 million Australian dollars ($5.1 million) after siding with the country’s corporate regulator.

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“The ETFs allowed new investors to buy Bitcoin for the first time, like those unable to set up a wallet and buy Bitcoin on a cryptocurrency exchange,” said Armour. They “also benefit from cheaper trading, low fees, and best-in-class Bitcoin storage practices.”

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In addition to being a major Solana bull, Sacks has also backed Multicoin Capital, a crypto investment firm highly focused on Solana.

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He went on to say that even if Solana doesn’t flip Ethereum, SOL was still the seventh-biggest crypto asset by market value at the time, with a potential to rise higher.

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The presumed US crypto czar has made some bold statements about Solana, highlighting SOL’s potential as an Ethereum competitor and a powerful smart contract platform.

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“In light of the fact that various unscrupulous actors on the internet accused some of us of buying Solana at a discount and dumping it on retail without any evidence, that wasn’t true,” Sacks said in December 2023. He added:

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In December 2023, in the 159th episode of All-In, Sacks highlighted 92% annual SOL returns, stressing that he was hodling the asset, contrary to rumors that he had dumped his SOL holdings.

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Sacks then referred to SOL as the “biggest turnaround” in late 2023, saying that he didn’t sell SOL following the collapse of FTX, which was linked to Solana due to its high exposure to SOL.

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In October 2021, in the 50th episode of All-In, Sacks publicly disclosed holding significant amounts of Solana bought at a discount.

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Sacks, a former PayPal operating chief and current co-host of the All-In business and technology podcast, was appointed by Trump on Dec. 5.

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Ex-PayPal exec David Sacks, the designated “White House A.I. & Crypto Czar” of United States President-elect Donald Trump, is a major Solana bull and a backer of the crypto investment firm Multicoin Capital.

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As Rooch moves toward its official mainnet launch, the network invites the community to participate in this transformative phase. By introducing a native, non-custodial approach to Bitcoin applications, Rooch seeks to turn a new page in the “DeFi on Bitcoin” narrative.

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The strike, which was a retaliatory measure against Israeli bombings of the Iranian embassy in Damascus, sent the price of BTC plummeting 8.4% on April 13.

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Bitcoin’s price is particularly sensitive to market sentiment. The escalation of conflict globally has an immediate and generally negative effect, as evidenced when Iran launched an unprecedented direct attack on Israel in April 2024.

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Furthermore, the victory of United States President-elect Donald Trump may reduce Ukraine’s access to US arms and vehicles, forcing Europe into a more active role.

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In Ukraine, North Korean troops and military hardware have been deployed, and Russia has launched a ballistic missile capable of delivering multiple nuclear warheads to distant targets for the first time.

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The Israel-Gaza War appears set to continue after Israeli Prime Minister Benjamin Netanyahu removed political rival and war critic Yoav Gallant from his role as defense minister. The ceasefire with Hezbollah has also relieved pressure on Israeli military operations in Gaza.

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The last 10 years have seen global geopolitical tensions increase, impacting financial markets, including Bitcoin. Still, the first cryptocurrency may be proving itself as a hedge against conflict.

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