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Deribit's Asia Pacific Business Head, Lin Chen, posted on X that "ETHETF performance was slightly weaker than BTC this week, with a net outflow of $38.1 million and a net reduction of 11846.98 ETH. Although BlackRock and Fidelity still increased their holdings, other institutions mainly reduced their holdings. Among them, BlackRock slightly increased its holdings on Friday, while its holdings remained unchanged in the remaining days, while Grayscale ETHE continued to significantly reduce its holdings, reducing a total of 15306.52 ETH. The current ETH Volatility Index (DVOL) is 71.12, and the ETH/BTC exchange rate has rebounded to 0.0371 @gyoepmni

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Don't let the past steal your present. @yigit

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According to Cointelegraph, Jesse Pollak, the developer of Ethereum Layer-2 Network Base, has revealed that he is considering offering a tokenized version of Coinbase (COIN) stocks to US users on the Base. Currently, non US users can obtain tokenized COIN shares through RWA platforms such as Backed. Pollak stated that the plan is still in the exploratory stage due to the need for clear regulatory guidance. @gypsymiss

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Don't try so hard; the best things come when you least expect them.

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Sophon, a modular blockchain based on ZKsync, announced the completion of mining migration and the start of the second phase, with mainnet mining now open. Previously, Sophon announced a mining migration timeline: the L1 mining withdrawal window will be closed at 7:59 on December 27th; On December 27th, all remaining assets will automatically cross chain to the Sophon mainnet, and the first phase of SP point accumulation will end; The main network mining will be opened on December 28th. @yogafaris-

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Rome was not built in a day. @rudnevsky

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Crypto market research firm Santiment stated in an article on X platform that the trading volume in the cryptocurrency sector will significantly decrease in the last few days of 2024. Overall, the trading volume in the past week has decreased by 64% compared to the previous week (including the historical peak of Bitcoin). The downward trend in trading, especially speculative altcoin trading, is not surprising. With the arrival of holidays and traders organizing year-end finances, the last week of December is usually one of the least active periods of the year. In summary, if whales continue to show a strong accumulation trend, the lack of retail participation may actually lead to at least one unexpected 2024 surge that retail investors pay little attention to. @tdillz

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We must accept finite disappointment, but we must never lose infinite hope."— Martin Luther King @tiffanykim

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At the Emergence conference held in Prague, Dragonfly partner Rob Hadick and CoinFund Managing Director David Pakman expressed a cautious attitude towards projects at the intersection of cryptocurrency and AI. Hadick pointed out that investing in AI agency projects carries extremely high risks, and most investors may suffer heavy losses. He also stated that many decentralized AI projects currently struggle to challenge mainstream centralized players. Pakman added that although AI has the potential to improve encryption development efficiency, decentralized AI systems are unlikely to disrupt giants such as OpenAI in the short term. They suggest that the project focus on practical needs, such as improving the interaction between payments and applications. @fital719

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According to Bloomberg, informed sources have revealed that eToro, an online brokerage firm that offers cryptocurrency and stock trading, is partnering with Goldman Sachs to prepare for its initial public offering in the United States. EToro is considering going public as early as the second quarter, but this timeline may change. The company stated that its IPO valuation may be higher than the $3.5 billion achieved in last year's private equity financing. Insiders say that details such as the issuance date may change, and more banks may join the list. Previously, eToro attempted to go public at a valuation of $10.4 billion by merging with a special purpose acquisition company led by serial trader Betsy Cohen. Both parties have agreed to terminate the transaction in 2022. @ftihfhhhf

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It's up to you how far you'll go. @sewala1999

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According to Lookonchain monitoring, a Base ecosystem trader increased the principal from $15300 to $1.29 million within 2 days. The trader spent 4.2 ETH ($15300) two days ago to buy 2536.3 million FAIs, and then sold 91.8 million FAIs for 106.2 ETH ($38400), leaving 161.8 million FAIs ($911000). The total profit is 1.28 million US dollars! @gyoju

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According to News.bitcoin, French luxury department store Printemps announced the acceptance of cryptocurrency payments, becoming the first large luxury retailer in Europe to support digital currency payments. The company has partnered with French cryptocurrency payment companies Lyzi and BinancePay to launch cryptocurrency payment services in its 20 stores across France. Printemps stated that this move will benefit over 6.5 million French cryptocurrency users who can use the latest Web3 solution for fast, secure, and easy payments. The company emphasizes that the introduction of cryptocurrency payments reflects its innovative commitment to reforming the consumer experience. @goyabean

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According to TheBlock, US President elect Trump plans to appoint Kelly Loeffler, former CEO of cryptocurrency company Bakkt and former senator, as Secretary of Agriculture. Loeffler will also serve as co chair of Trump's inauguration committee. It is worth noting that Loeffler's husband Jeff Sprecher is the founder and CEO of ICE, the parent company of the New York Stock Exchange, which is the founder and major shareholder of Bakkt. In addition, according to the Financial Times, Trump's social media company, Trump Media and Technology Group (TMTG), is in deep negotiations for an all stock acquisition of Bakkt. Trump holds 53% of TMTG's shares. According to reports, Bakkt plans to build an institutional investor trading platform and may gradually shut down its licensed cryptocurrency custody business in New York. @gyozatarochan

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God helps those who help themselves. @dromsjel

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Fatfish Group has completed a AUD 1.5 million financing to expand into areas such as cryptocurrency mining and digital gaming; Solana's on chain DeFi project Exponent has raised $2.1 million in funding, led by RockawayX; Truemarkets raised over $4 million through public NFT sales, with Vitalik investing 32 ETH in minting. @ygorsunny

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Great minds have purpose; others have wishes. @ftiioma2

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According to Decrypt, Coinbase has jumped from 26th place on Election Day to 1st place in the free finance category of the Apple iOS App Store. The improvement in ranking is consistent with the significant increase in trading volume of the exchange. According to CoinGecko data, the trading volume of the exchange exceeded $12 billion on November 12th, setting a record for the highest trading volume of the year. Robinhood and Crypto.com followed closely behind Coinbase and jumped to the top 10 in the same category. @tifjb @sap54

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The three major indexes of the US stock market collectively opened lower, with the Dow Jones Industrial Average falling 0.37%, the Nasdaq falling 0.93%, and the S&P 500 index falling 0.65%. Bitcoin rebounded to $90000 within the day, with cryptocurrency concept stocks generally rising. Canaan Technology and BitDigital rose more than 3%, while MicroStrategy, MARAHoldings, and RiotPlatforms rose more than 2%. @ftomy

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With a 2-day countdown, ChainCatcher and RootData will host the "DeInsight2024" annual summit during Devcon in Bangkok on November 11th, at Hotel Nikko Bangkok. The number of registrations for the summit has now exceeded 2000, and the conference aims to gather elites in the Web3 field to exchange insights into the industry. As one of the organizers, RootData will also unveil the RootVNet 2024 annual heavyweight list at the conference. This list is the second annual selection launched by RootData, a Web3 data platform, after its first release in 2023. Its aim is to showcase the influential and innovative key players in the Web3 field and evaluate the key forces driving continuous industry progress @ftihvb

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