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E R F A N 🎩

@erfanalpha

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@erfanalpha
The US Federal Reserve lowered the key interest rate by 25 basis points, as predicted. The current rate stands at 4.25-4.5%.
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Michael Saylor hinted at another potential Bitcoin purchase by tweeting, "is saylortracker missing a green dot?" Similar tweets in the past have preceded announcements of Bitcoin acquisitions the following day.
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Ukraine intends to legalize cryptocurrencies by the first quarter of 2025. A parliamentary working group, in collaboration with the National Bank of Ukraine and the International Monetary Fund (IMF), is currently drafting the necessary legislation.
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Google has unveiled a prototype of a new "powerful quantum computer, which performs calculations in five minutes that would take the most powerful modern supercomputers ten septillion years."
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The U.S. Office of Foreign Assets Control (OFAC) has imposed sanctions on the TGR Group, a money laundering network that utilized cryptocurrencies like USDT for fund transfers. The group facilitated transactions through the sanctioned Russian crypto exchange Garantex and assisted Russian citizens in purchasing real estate and transferring funds.
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Hyperliquid distributed a total of 310 million HYPE tokens through its airdrop, which reached a valuation of $3 billion on December 1, with HYPE peaking at $9.8. The airdrop was received by 94,000 addresses, with the largest individual allocation totaling 970,000 tokens. The Hyperliquid Foundation clarified that no tokens were allocated to private investors, centralized exchanges, or market makers.
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Printemps, France's second-largest luxury department store, has become the first major European retailer to accept cryptocurrency payments. This development is enabled through a partnership with French crypto payment provider Lyzi and Binance’s payment solution, Binance Pay, offering customers a seamless way to pay with digital currencies.
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Pantera Capital announced that its Bitcoin Fund has reached an extraordinary milestone, delivering a lifetime return of 131,165%, net of fees and expenses, equivalent to a 1,000x return. Between 2013 and 2015, the fund acquired 2% of the world's Bitcoin supply. Pantera predicts that Bitcoin's price could climb to $740,000 by April 2028.
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The WBTC/USDT trading pair on Binance experienced a flash crash, with the price briefly plummeting to 5,209 USDT before quickly recovering. During this event, the 15-minute trading volume surged from less than 1 WBTC per day to 88.6 WBTC. The crash was likely caused by low liquidity in the trading pair, which led to abnormal price movements triggered by a large market sell order.
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Polymarket has blocked French users due to the French government's investigation into the prediction market's compliance with gambling laws.
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FTX Trading Ltd. and its affiliated debtors have announced that their Chapter 11 reorganization plan is nearing completion and is expected to become effective by January 2025. CEO John J. Ray III stated that initial distributions to creditors will commence within 60 days after the plan's implementation. Customers will need to create accounts, complete KYC procedures, and submit necessary tax forms to receive their distributions.
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I'm a little teapot
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Claiming my @socialtoken airdrop and crediting @mobinam with my social airdrop
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Stablecoin infrastructure platform Noble has successfully closed a $15 million Series A funding round, with Paradigm leading the investment. The platform has established partnerships with notable stablecoin issuers, including Circle, Ondo Finance, Hashnote Labs, and Monerium. Currently, Noble oversees assets totaling more than $458 million.
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MicroStrategy currently holds $4.25 billion in debt, with its stock valued at $43 billion and its Bitcoin holdings worth $17 billion. Despite the stock trading at a premium, the situation is often referred to as the “infinite money glitch,” implying a strategic advantage in holding rather than selling Bitcoin. However, it is noted that this advantage is not indefinite and may not last forever.
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Eighteen U.S. states have recently taken legal action against the U.S. SEC and its commissioners. The lawsuit claims that, under Chairman Gary Gensler's leadership, the SEC has enforced excessive and unconstitutional regulations on the cryptocurrency industry, infringing upon state governments' rights to manage their own economic policies.
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StakeStone has announced the successful completion of a $22 million funding round, led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures. The company is focused on creating a stable and profitable liquid ETH product, supported by an adaptive staking network that underpins a consensus layer. StakeStone also plans to launch liquid BTC products, SBTC and STONEBTC.
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Detroit city officials revealed on Thursday that it will become the largest city in the U.S. to accept cryptocurrency payments. Starting mid-2025, residents will be able to pay taxes and other city fees through a secure platform operated by PayPal.
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OpenSea CEO Devin Finzer announced that the platform, marking a year since OpenSea 2.0's release, will undergo a complete overhaul, with the new version set to launch in December. Currently, OpenSea's trading volume has reached its lowest point in over three years, following layoffs in 2023 when the company reduced its workforce by half.
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Self-custodial crypto wallet SafePal has introduced a Mini App wallet on Telegram. This app lets Telegram users set up compliant, crypto-friendly Swiss bank accounts that adhere to Swiss Financial Market Supervisory Authority licensing requirements. It also integrates CeDeFi features, allowing users to conduct crypto transactions via digital Visa cards.
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