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@erfanalpha

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@erfanalpha
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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The primary Solana and multi-chain Web3 wallet, Phantom, unexpectedly went offline. SolanaFloor indicated this was due to a significant backend issue. Phantom's team acknowledged the disruption, stating they are currently facing an uptime incident, which could cause temporary service interruptions.
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Microsoft filed a statement with the SEC indicating that the company plans to conduct an "evaluation of investments in Bitcoin" at the shareholders' meeting on December 10. At the same time, the statement notes that "the board of directors recommends voting against this proposal."
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Upbit, South Korea's largest cryptocurrency exchange, has announced that it will list UNI on its KRW and USDT markets, with trading scheduled to commence at 15:00 on October 22 (UTC+8). The exchange had previously listed the UNI/BTC trading pair. Following this announcement, UNI experienced a short-term price increase of over 5.2%, reaching a current price of $8.31 and a FDV of $8.31 billion.
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The mobile app of the crypto-betting platform Polymarket has surpassed The New York Times: Live News app in the rankings of free magazine and newspaper apps in the U.S.
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Vitalik published an article exploring ways to improve Ethereum's PoS system. He focused on two main objectives: reaching single-slot finality (where blocks are finalized in just one slot) and making staking more accessible by reducing the minimum staking requirement to 1 ETH. To achieve these objectives, he suggested three possible approaches: enhancing the signature aggregation protocol, introducing the Orbit committee mechanism, and creating a two-tier staking system.
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The Taiwan Financial Supervisory Commission aims to advance the testing of virtual asset custody services and encourage financial institutions to participate in innovation.
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Art is a broad and dynamic form of expression that reflects human creativity, culture, and emotions. It encompasses various mediums and forms, each with its own unique way of conveying ideas, beauty, and messages
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I joined Farcaster on February 16, 2024 and have been a member since 7 months 19 days! Check your Farcaster stats: Frame by @0xdexter
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Check your $DEGEN Stats. Frame by @khaipham
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Check your profile based on OpenRank stats. Frame by @compez.eth If this is useful for you, give him a tip for promotion and support.🫶
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