Dima 🎩🐹

@chevapchevapovic

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@chevapchevapovic

Claiming my @socialtoken airdrop and crediting @elenathere with my social airdrop for being a great friend.

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Tron founder Justin Sun bought the famed banana duct-taped to the wall sculpture for $6.2 million at Sotheby’s after six minutes of bidding. On Nov. 21, Justin Sun posted about his recent Sotheby’s purchase, Maurizio Cattelan’s work of art “Comedian” which is simply a lone banana taped to a wall using a strip of duct-tape. “This is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community,” Sun wrote. TRON creator also revealed that he plans to “eat the banana as part of this unique artistic experience, honoring its place in both art history and popular culture.” Upon purchasing the sculpture, Sun received a certificate of authenticity that gives him the right to showcase the piece as an official artwork. Sotheby’s also gave Sun a starter kit for the sculpture, consisting of a banana, a roll of duct tape and a detailed instruction manual on how the piece should be presented.

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Nice, very nice conditions for growth! 500 $DEGEN

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Good catch! Will follow their news as well. 1001 $DEGEN

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Switzerland’s Financial Market Supervisory Authority has warned about the risks of money laundering associated with cryptocurrencies. In its 2024 Risk Monitor report, the regulator noted that cryptocurrencies, including stablecoins, are increasingly used for cyberattacks, payments for illegal dark web activities, and evading sanctions linked to geopolitical conflicts. Particularly, stablecoins have seen a “big rise” in illicit transactions related to sanction evasions, further complicating anti-money laundering efforts. To combat money laundering risks, FINMA outlined its broader efforts, including onsite reviews, an overhaul of its audit program, and a focus on risk tolerance and management for entities with politically exposed customers or links to high-risk areas. In relation to digital assets, FINMA stated that it “takes institution-specific measures to mitigate the money laundering risk,” applying targeted oversight to address vulnerabilities effectively.

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Shiba Inu price is preparing for a massive bullish breakout as its token burn accelerates, the crypto fear and greed index remains in the green zone, and a bullish pattern forms. Shiba Inu, second-biggest meme coin, was trading at $0.000026 on Tuesday, Nov. 19, slightly above last Friday’s low of $0.0000246. It has jumped by 142% from its lowest level in August. SHIB’s rebound occurred as data from Shiburn showed that the number of Shiba Inu tokens burned on Tuesday surged by almost 940% to 3.69 million. This burn brought the total number of burnt SHIB tokens to over 410 trillion, while its circulating supply stood at 583.7 trillion tokens. Shiba Inu’s token burn involves sending tokens to a wallet without a key, effectively removing them from circulation. These tokens come from its ecosystem networks like Shibarium and ShibaSwap, as well as voluntary contributions by community members.

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@chevapchevapovic

Hope the banking sector will be onchain. Can't wait for true use cases! 1001 $DEGEN

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Decentralized finance firm Thala has restarted operations a day after the protocol’s liquidity pools were exploited for roughly $25.5 million. Thala notified users that all its offerings have been restored, except its staking service, which is being “patched and audited.” The announcement comes a day after the protocol disclosed it was the victim of a security breach on Nov. 15, which allowed a bad actor to withdraw large sums of its liquidity tokens. Reportedly, the isolated issue stemmed from the protocol’s v1 farming contracts, where a vulnerability was introduced after a recent update. Thala declared, all services were suspended immediately after the breach was flagged, and the protocol managed to freeze $11.5 million worth of Thala-related assets. This was possible due to the Move programming language, which underpins the Aptos blockchain on which Thala operates. Move treats digital assets as first-class resources and includes native functions like freeze and burn.

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Spot Bitcoin exchange-traded funds recorded two consecutive outflow days as the top cryptocurrency corrected almost 3% after the U.S. Federal Reserve hinted that further interest rate cuts might not be coming. On Nov. 14, Bitcoin ETF products saw their third-largest outflow since launch, with approximately $400.7 million withdrawn. Outflows eased the following day as BTC rebounded from support near $87,500, with $239.6 million exiting the funds, according to data from Farside Investors. BlackRock’s IBIT was the only fund to record inflows on Nov. 15, as it continued its seven-day inflow streak, bringing in $130.4 million. Outflows came from: • Fidelity’s FBTC: $175.1 million • ARK and 21Shares’ ARKB: $108.6 • Grayscale’s Bitcoin Mini Trust: $47 million • Grayscale’s GBTC: $22.5 million • VanEck’s HODL: 7.7 million • Bitwise’s BITB: 7.4 • Valkyrie’s BRRR: $1.7 million. The other three ETF offerings saw no flows on the day.

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GM Degen devs, we’ve opened a Developers topic on our Telegram group for anyone building with $DEGEN or on the Degen Chain. It’s a space to connect, ask questions, share your work, and see what others are up to. Join us here: https://t.me/degentokenbase.

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wow, it is so cute! my heart is broken! 1000 $DEGEN

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Thanks, I'll do it. 1001 $DEGEN

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Explosive growth of DOGE and other meme coins spurs the introduction of the new Nollars Network to allow faster trading and arbitrage opportunities. Earlier this week, President-elect Donald Trump announced that tech billionaire Elon Musk will be heading the newly-started Department of Government Efficiency along with American entrepreneur Vivek Ramaswamy. Ever since the Tesla CEO announced details of the new department, whose acronym happens to spell the same as the meme coin DOGE, crypto investors have been more than a little excited. Regardless, the excitement around DOGE and the crypto-friendly Trump administration has investors turning their attention to new projects like the “Nollars Network.” Nollars, a new layer-2 blockchain set for launch in May 2025, is attracting attention with its native currency, NOLA, seeing a surge in presales. Priced at $0.50 each, this new coin is even being touted as a “Solana Killer” as the transaction times could be faster on Nollars Network than on Solana.

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@chevapchevapovic

Starting today - Henlo :D

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@chevapchevapovic

Words of wisdom!

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we are so back and early!

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Stablecoin payments firm BVNK is said to be in early discussions to raise at least $50 million in a new funding round, Bloomberg has learned, citing sources familiar with the matter. Founded in 2021 by Donald Jackson and Jesse Hemson-Struthers, BVNK previously secured $40 million in Series A funding. That funding valued the firm at $340 million post-money. The startup, which processes $8 billion in payments annually and employs over 270 people, is in the early stages of funding discussions, with both the size of the raise and its valuation still subject to change the sources said. Investors are said to be particularly keen on the sector following Stripe’s acquisition of Bridge, a stablecoin infrastructure provider, though it is not clear when the deal will finalize. BVNK, which holds regulatory licenses in the U.K., Spain, South Africa, and Malta, allows users to replace traditional banking services by buying, selling, and transferring both fiat currencies such as EUR, GBP, and USD, and cryptocurrencies.

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The Senate hopes to push through a Bitcoin reserve bill in the first 100 days of Trump’s presidency while the Republicans consult on crypto policy. American Senator Cynthia Lummis expressed optimism that plans to create a strategic Bitcoin (BTC) reserve will be implemented soon after Donald Trump‘s inauguration. “I believe we can get this done with bipartisan support in the first 100 days if we have the support of the people. It is a game changer for the solvency of our nation. Let’s put America on sound financial footing and pass the Bitcoin Act!” Senator Cynthia Lummis Lummis’s post responded to David Bailey, BTC Inc. CEO, who has been actively advising Trump on cryptocurrency policy. Bailey had previously suggested that such a reserve could be created quickly under the new administration.

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