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@dmy

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The price of XRP has risen by 232% in the past 30 days, and its on chain indicators are also showing positive signs of recovery. XRPSCAN data shows that the number of active accounts or unique senders on the XRP network increased from 15592 on November 1 to 47044 on November 16. The total number of active accounts in November doubled on average (an increase of 100%) from around 12000 to 25000 this month. Similarly, the number of new accounts activated on the XRP ledger in November also increased significantly, indicating a large influx of new users on the network. Analysis suggests that the current XRP target price may be between $1.95 and $2.05, but it should be noted that since November 16th, there has been an inverse correlation between XRP price and trading volume, indicating that XRP is undergoing a distribution phase and market traders may be seeking to sell.
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RealVision's Chief Crypto Analyst Jamie Coutts stated that in the past two years, the global M2 money supply has increased by $11 trillion, of which 10% has flowed into assets such as Bitcoin. Since the global M2 hit a bottom of $94 trillion in the fourth quarter of 2022, it has increased to $105 trillion, and the market value of Bitcoin has grown fivefold, increasing by $1.5 trillion. Coutts predicts that if M2 grows to $118 trillion within this cycle, Bitcoin will continue to benefit. He pointed out that Bitcoin's growth far exceeds the Federal Reserve's balance sheet and the real wage increase in the United States, and is becoming one of the economic solutions for individuals, businesses, and countries. @jufugyf
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BoxBet, a blockchain based iGaming platform, has completed financing led by CMCC Global, a $500 million venture capital firm supported by the Winklevos Twins and Richard Li's Yingke Expansion Group, which has previously funded key blockchain projects including Solana. BoxBet plans to use new funds to expand its influence in regulated markets by obtaining licenses and expanding operations. @oygmkktd
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Don't be surprised by favor or disgrace, watch the flowers bloom and fall in front of the courtyard; I have no intention of staying or leaving, but I look up at the clouds rolling and relaxing in the sky. @sewer1199.eth
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According to CoinDesk, decentralized prediction market platform Polymarket announced the suspension of French users' access to its platform. This move occurred several weeks after the French National Gaming Authority (ANJ) launched a gambling compliance investigation into the platform. It is reported that this investigation originated from a French trader making a large bet on Trump's victory in the 2024 US presidential election on the platform. Although Polymarket has implemented IP bans, according to the French cryptocurrency news website TheBigWhale, users can still access the platform through VPN. As of the time of writing, the Polymarket Terms of Service have not been updated with relevant restrictions. @tofupadthai
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Time flies and seasons come and go @seneca
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Official data shows that in the seven days ending November 14th, Circle issued approximately 2.7 billion USDC and redeemed approximately 2.9 billion USDC, resulting in a decrease of approximately 200 million coins in circulation. The total circulation of USDC is 36.7 billion pieces, with a reserve of approximately 36.9 billion US dollars, including cash of approximately 4.4 billion US dollars and CircleSReserve Fund holding approximately 32.4 billion US dollars. @touyen301
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According to Lookonchain monitoring, a trader achieved a 281 fold return through BITCAT trading in just two hours. He purchased 40.31 million BITCATs on the Pump.fun platform for 7.84 SOLs (approximately $1600), and then sold them all for 2213.5 SOLs (approximately $460000). In the end, the trader made a profit of approximately $458000 and has completely liquidated and left the market. @tv1
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Today is also a day captured by the bed @adduin
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Santiment analyzed in an article that the current price of Ethereum is around $3120, finally showing growth momentum, and has maintained its position as the second largest cryptocurrency in terms of market value for the past eight years. Whale trading data shows that the activity of key stakeholders in Ethereum has significantly increased, and the activity of these addresses has also helped ETH reach its recent 14 week high. In addition, ETH trading volume has climbed to $10.4 billion in recent days. It is expected that the growth of Bitcoin during this bull market may redistribute profits to Ethereum and potentially drive it to a historic high, while its network activity looks very healthy. @fthb
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According to TheBlock, Solana's on chain meme coin UPONLY has transferred 60% of its total supply of 1 billion coins to the wallet address of renowned cryptocurrency trader JordanFish (pseudonym Cobie). Cobie stated, "All received tokens have been destroyed, with a value of $17 million at the time of destruction. They have requested that they stop disturbing me." Solana blockchain explorer Solscan data shows that UPONLY currently has only 400 million tokens left in supply. @gouzi
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Different trains are heading in better directions @rtibcdfg
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TokenTable, a globally leading token distribution platform under Sign, is pleased to announce a strategic partnership with TONSociety to jointly drive innovation and growth in the TON ecosystem. This collaboration aims to bring more airdrops and rewards to TONSociety's millions of users and ecosystem participants, especially exclusive benefits for SBT holders. TokenTable has achieved significant success in accelerating the creation of TON network assets, with the platform now covering 10 million independent addresses and a total distribution value of $500 million. As an important product of Sign, TokenTable continuously introduces high-quality projects to the TON network through convenient distribution tools, injecting more vitality into the ecosystem. This collaboration marks an important step forward for Sign and its subsidiary TokenTable in token distribution and ecosystem support. Sign will continue to be committed to providing efficient and secure token distribution solutions for users and developers.
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I know I enjoy trekking freely @sriramk.eth @second-yvn88
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According to CoinDesk, JPMorgan Chase (JPM) stated in a research report on Friday that daily mining revenue and gross profit for Bitcoin (BTC) declined for the fourth consecutive month in October. JPMorgan estimates that the gross profit of Bitcoin's daily block rewards decreased by 2% in October, reaching the lowest level on record in recent times. On the positive side, transaction fees surged to 60% of block rewards at the end of the month, providing some relief for hash prices. @riuxai
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A fraudulent application called "Curvedefiv3" developed by "TaoDuongVan" misleads users through the CurveFinance logo and features on the DeFi platform, and it ranks in the top 100 financial applications on the Apple App Store. Despite being flagged as a scam by multiple users, the application is popular in regions such as Europe, Latin America, New Zealand, the United States, and Southeast Asia, putting unsuspecting users at risk. @duruchinasa
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Don't be surprised by favor or disgrace, watch the flowers bloom and fall in front of the courtyard; I have no intention of staying or leaving, but I look up at the clouds rolling and relaxing in the sky. @seunminiok
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The Hong Kong Customs held the 34th World Customs Organization Asia Pacific Regional Liaison Conference. Customs Commissioner Ho Pui Shan stated that members of the Asia Pacific region have once again established their development strategies for the next two years. Participants also discussed innovative concepts of using blockchain technology to establish certification platforms to promote regional development. The conference also had in-depth discussions on reviewing regional policies. @srubekinos
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Federal Reserve Governor Waller presented his views on decentralized finance at the Vienna Macroeconomics Symposium held at the Vienna Institute of Advanced Study in Austria. He stated that distributed ledger technology (DLT) may be an efficient and fast way of recording, allowing for recording in a 24/7 trading world; Smart contracts do not rely on individual parties to execute transactions, but can effectively merge multiple stages of transactions into a unified behavior executed by smart contracts. However, DLT, tokenization, and smart contracts are only trading technologies that can be used for DeFi or to improve the efficiency of centralized finance. Over time, these technologies will almost certainly improve efficiency. Can these technologies really achieve complete financial decentralization? @esun
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I really enjoy a life without emotions @esurcamelint
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