Ruslan

@baraded

725 Following

406 Followers

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Dubai’s VARA Warns Against Memecoins Amid Rising Risks Dubai’s Virtual Assets Regulatory Authority (VARA) has warned investors about memecoins, citing extreme volatility and lack of value. A Coinwire study found 76% of memecoins promoted by influencers are now worthless, with 80% losing 70% of value in a week. VARA mandates memecoin issuers in Dubai comply with strict regulations on transparency and marketing to protect investors from speculative risks

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CZ Reveals His Dog Broccoli, Sparks Meme Coin Frenzy Binance CEO Changpeng Zhao (CZ) revealed his Belgian Malinois, Broccoli, sparking a wave of Broccoli-themed meme coins. Tokens like BROCCOLI briefly hit a $400M market cap, generating $220M in trading volume in hours. Despite CZ’s playful intent and no financial stake, critics question his motives. The BNB Foundation may support top Broc coins, adding fuel to the crypto craze

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Apple to Launch AI Features in China by May 2025 Apple is preparing to debut its AI features in China by mid-2025, partnering with Alibaba and Baidu to navigate technical and regulatory hurdles. Alibaba will filter AI outputs to comply with government rules, while Baidu will manage features like object recognition. The rollout aims to counter declining sales amidst competition from local brands leveraging advanced AI

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Lucky $50 Trading Card Pack Yields $100K Bitcoin Windfall A collector discovered a Bitcoin redemption card worth over $100,000 in a $50 Cardsmiths Holiday Currency Set. With odds of 1 in 96 packs, the rare card secured one full Bitcoin, showcasing the lucrative potential of crypto-themed collectibles. Other sets have featured Ethereum and Dogecoin, with new editions planned for later this year

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Adobe’s Firefly Video Model Challenges OpenAI Adobe has unveiled the Firefly Video Model, an AI tool generating 1080p video clips with seamless Premiere Pro integration. Competing with OpenAI's Sora, Firefly focuses on production efficiency, creating five-second clips tailored for professional workflows. Pricing starts at $9.99/month for 20 clips, with a premium plan for studios in development. Adobe prioritizes quality, emphasizing 4K video over longer durations

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$7.6M Restitution Ordered in ‘My Big Coin’ Crypto Fraud Case Randall Crater, founder of the fraudulent ‘My Big Coin’ scheme, must pay $7.6M in restitution to victims, per a US District Court order. Crater, sentenced to 8+ years in prison in 2023, misled investors into believing the currency was gold-backed. The scheme raised $7.5M, funding his lavish lifestyle. The CFTC banned him from trading, as crypto fraud continues to rise, with $5.6B lost in the US in 2023

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CAR President Launches Meme Coin $CAR Amid Controversy and Volatility Central African Republic President Faustin-Archange Touadéra announced $CAR, a national meme coin aimed at unity and development. The token surged 1,210%, reaching a $897M market cap, but later crashed 87%, fueling concerns over legitimacy. Deepfake allegations and social media suspensions raised skepticism, though blockchain data suggests government involvement. Touadéra promises major updates soon

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Story's Public Mainnet launches on Thursday, February 13th. If you are a real user, make some noise. Quote it ꧁IP꧂ coming soon @StoryProtocol

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Michael Saylor Hints at New Bitcoin Purchase as Strategy Expands Holdings Michael Saylor signaled a potential Bitcoin acquisition, reinforcing Strategy’s position as the largest corporate Bitcoin holder with 471,107 BTC worth $45B. With $30B invested and $15B in unrealized gains, Strategy's rebranding reflects its Bitcoin-centric focus. Despite market dips and a $640M Q4 loss, the company continues its aggressive accumulation plan, leveraging stock offerings and convertible notes to fund growth

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ChatGPT Architect John Schulman Leaves Anthropic to Focus on AI Alignment John Schulman, co-creator of ChatGPT, is departing Anthropic six months after joining, citing a desire to focus on AI alignment and hands-on research. Speculation surrounds his next move, with rumors linking him to Mira Murati's stealth startup, which has already poached talent from OpenAI and DeepMind. Murati, a former OpenAI CTO, is reportedly raising $100M for her yet-unnamed AI venture

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Solana DEX Jupiter's X Account Hacked, Promotes Scam Tokens Solana-based DEX aggregator Jupiter’s X account was hacked, promoting fake memecoins like $MEOW and $DCOIN. Users lost millions in minutes, sparking criticism over security lapses. Jupiter Mobile warned users not to click links as the team works to regain control. Many reported losing Solana tokens, highlighting risks of relying on platforms with billions in liquidity but inadequate safeguards

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Marvel Faces Backlash Over Alleged AI-Generated Fantastic Four Poster Fans accused Marvel Studios of using AI for a "Fantastic Four: First Steps" poster after noticing distorted hands and unnatural details. Critics argue this undermines human creativity, sparking industry-wide concerns about AI's role in entertainment. Marvel denied the use of AI, attributing flaws to rushed Photoshop work. The controversy highlights debates over AI's growing influence in film and marketing

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Trump Targets BRICS With 100% Tariff on Non-Dollar Trade President Trump announced a 100% tariff on imports from countries adopting the BRICS currency, aiming to secure the dollar’s dominance in global trade. The policy targets China and BRICS nations, discouraging moves away from the U.S. dollar. Amid soaring U.S. debt, BRICS nations are advancing gold reserves and alternative financial systems, signaling a brewing monetary power struggle.

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Visa's Facebook Hacked to Promote $VISA Memecoin Scam Visa's Facebook account was hacked to promote a fraudulent memecoin, $VISA, leading to a temporary price spike before a rug-pull crash. The post remained online for two hours, sparking criticism of Visa's slow response. Speculation suggests an insider, possibly an intern, may have orchestrated the scam. The incident adds to concerns about Pump.fun, a platform often linked to such schemes, now facing legal action for allegedly enabling fraud

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Robinhood to Launch Futures Trading for Bitcoin, Oil, and Gold Robinhood announced plans to introduce futures trading for bitcoin, oil, gold, S&P 500, USD, and EUR, with the service "coming soon." The platform continues to expand its crypto offerings, recently adding popular tokens like SOL, ADA, XRP, and Trump's memecoin following his election victory. This move follows Robinhood's 2023 delisting of some tokens amid SEC scrutiny over unregistered securities

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Elon Musk Admits X Struggles: Stagnant Growth, Revenue Woes, and $1B+ Annual Interest Payments Elon Musk revealed X (formerly Twitter) is barely breaking even, with stagnant user growth, declining mobile usage, and underwhelming revenue. Banks, including Morgan Stanley and Bank of America, are panicking and trying to sell off 3BindebttiedtoMusk′s3BindebttiedtoMusk′s44B acquisition. Advertisers are wary due to content moderation issues, while rivals like Bluesky grow. Despite Musk's past promises of cash-flow positivity, X faces over $1B in annual interest payments

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Elon Musk's DOGE Aims for Blockchain Transparency in Government Elon Musk's newly established Department of Government Efficiency (DOGE) is exploring blockchain technology to enhance transparency in government spending, secure data, and streamline payments. Originally aiming to cut $2 trillion from federal expenses, the goal has been revised to $1 trillion. DOGE plans to utilize an immutable public ledger for monitoring spending and managing assets. However, Democratic Senator Elizabeth Warren has raised concerns about potential corruption within DOGE

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Indian Authorities Freeze ₹500 Crore Linked to Major Crypto Scam Indian authorities have frozen approximately ₹500 crore ($60 million) in virtual accounts connected to major payment gateways like Paytm, Razorpay, and PayU, as part of an investigation into a significant cryptocurrency scam involving Chinese nationals. The scam, centered around the HPZ Token, defrauded investors of over ₹2,200 crore ($264 million) by promising high returns from cryptocurrency mining. The Enforcement Directorate (ED) is scrutinizing multiple payment providers for failing to report suspicious transactions

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Trump's Executive Order Sparks Questions About Potential Crypto Stockpile President Donald Trump has issued an executive order, "Strengthening American Leadership in Digital Financial Technology," that raises questions about the creation of a national digital asset stockpile. The order includes forming a working group to develop regulatory frameworks and potentially ban central bank digital currencies. The stockpile could consist of cryptocurrencies seized by the government. Legal experts note the difference between a stockpile (holding seized crypto) and a reserve (government purchases)

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THORChain Pauses THORFi Services Amid Insolvency Concerns THORChain has paused its THORFi services due to financial uncertainties and allegations of insolvency. This 90-day "restructuring" plan aims to address significant debt issues related to its "Savers and Lending" programs. While trading functionalities remain active, lending operations are on hold. The price of THORChain's native token, Rune, has dropped 30% in 24 hours, raising concerns about the protocol's ability to meet creditor obligations if redemptions occur

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