Evgeny🍖

@gagash

2500 Following

1173 Followers

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I just voted "For" on "Stargate Deployment on Hedera" https://snapshot.box/#/s:stgdao.eth/proposal/0x1007f3e7e228cb432a861565a127da4d8c4a5476dddbb0eb088e44b4ea9c2449

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FARTCOIN Soars 62,400%: Truth Terminal’s AI-Powered Platform Capitalizes on Crypto Surge Truth Terminal, an AI-powered chatbot platform, has turned heads in the crypto world with its massive gains from FARTCOIN. A modest $40,000 investment has skyrocketed by 62,400%, reaching an incredible value of $25 million. However, despite the extraordinary surge, FARTCOIN has faced a 16% dip in the past 24 hours, reminding traders of the crypto market’s volatility. https://coinpedia.org/news/from-40k-to-25m-how-fartcoin-became-truth-terminals-largest-asset/

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Tornado Cash Dev Wants Charges Dropped Because Sanctions Deemed Illegal A court motion argues that "there is no deliberate action Mr. Storm could have taken here" with Tornado Cash. Roman Storm, co-founder of crypto-mixing platform Tornado Cash, hopes to have charges against him dropped after sanctions against his software were dropped. In Storm’s Dec. 18 motion to dismiss, he cites the recent Fifth Circuit ruling that the Treasury's Office of Foreign Assets Control (OFAC) overstepped by sanctioning Tornado Cash’s immutable smart contracts. The ruling recognized that autonomous software that no one controls cannot be classified as property. https://decrypt.co/298176/tornado-cash-dev-charges-dropped-sanctions-illegal

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Ark Invest sells $3.9m worth of Coinbase shares amid price drop following Powell's hawkish speech Ark Invest offloaded 13,780 Coinbase shares — worth $3.9 million — from its Fintech Innovation exchange-traded fund (ARKF) on Wednesday amid a 10% drop in COIN’s price following The Federal Reserve’s more hawkish stance. It’s one of the most significant sales of the stock for the Cathie Wood-led investment firm since it offloaded $2.8 million worth of COIN on Sept. 23. Ark’s investment strategy generally aims to avoid individual holdings taking up more than 10% of an ETF’s portfolio. This is to maintain diversification within its funds — meaning it is likely to continue rebalancing its weightings if COIN’s value rises or falls relative to Ark's other holdings in the fund. https://www.theblock.co/post/331644/ark-invest-sells-coinbase-powell-speech

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Federal Reserve Prepares Third consecutive Rate Cut Amid Strong Employment Data The Federal Reserve is expected to implement its third consecutive rate cut today, reducing rates to 4.25-4.5%, while crypto markets show pre-announcement volatility with Bitcoin dropping to $104,000. The Federal Reserve is set to announce its final interest rate decision of 2024 on Wednesday, with widespread expectations pointing to a third consecutive rate cut. Based on current market indicators, the Fed is likely to lower rates by 25 basis points, bringing the federal funds rate to a target range of 4.25% to 4.5%. https://blockonomi.com/federal-reserve-prepares-third-consecutive-rate-cut-amid-strong-employment-data/

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Aethir Launches $100M Ecosystem Fund With Blockchain Center Abu Dhabi Aethir has partnered with the Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. They will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes graphics processing unit (GPU) subsidies and token grants for eligible ventures. Aethir’s decentralized GPU cloud infrastructure provides high-performance computing solutions, while ADBC will support project onboarding with regulatory and market expertise. The partnership aims to drive global Web3 innovation, especially in AI and gaming. https://news.bitcoin.com/aethir-launches-100m-ecosystem-fund-with-blockchain-center-abu-dhabi/

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Coinbase Europe Delists USDT, Other Stablecoins Citing EU Compliance Coinbase pointed out that USD Coin (USDC) and EUR Coin (EURC) are MiCA-compliant and will continue to be supported. Coinbase Europe decided to delist multiple stablecoins, including Tether’s market-leading USDT, to comply with the European Union’s rules. In a Wednesday announcement set to its users, Coinbase wrote that "due to the new European Markets in Crypto-Assets (MiCA) regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements.” Other than USDT, retail customers on Coinbase Europe and Coinbase Germany will see the delisting of Paxos Standard Price (PAX), PayPal USD (PYUSD), and Gemini Dollar (GUSD). It'll also impact GYEN, which issuer GMO-Z.com calls the first regulated Japanese YEN stablecoin, and Maker Protocol's DAI. https://decrypt.co/296453/coinbase-europe-delists-usdt

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VanEck-Backed Superform Launches DeFi Product for 'Intelligent' USDC Yield Superform, backed by Circle and VanEck, has launched a product that automatically finds yield opportunities in DeFi. Crypto yield marketplace Superform announced Wednesday the launch of SuperUSDC, a product billed as a “set and forget” opportunity for earning high yield on Circle’s stablecoin. Since its launch in early access this year, the platform has functioned as a decentralized marketplace for yield protocols. Projects can list vaults on Superform, which are linked to yield opportunities on Ethereum as well as dedicated scaling solutions like Arbitrum or Base. https://decrypt.co/296130/vaneck-backed-superform-launches-defi-product-for-intelligent-usdc-yield

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Apple’s Big AI Upgrade for iPhone, iPad and Mac Is Finally Available New AI features in Apple's iOS 18.2 update include ChatGPT support, customizable genmoji, Visual Intelligence, and more. Apple released the most anticipated update to its mobile and desktop operating systems Wednesday, finally delivering a raft of new artificial intelligence features that promise to unlock OpenAI’s cutting-edge technology. While users got a small taste of “Apple Intelligence” in October, thus far, consumers and critics have been underwhelmed. The release of iOS 18.2, iPadOS 18.2, and MacOS Sequoia 15.2 introduces several new features, including ChatGPT support for Siri, enhanced camera control, personalized emoji design, and generative image creation. https://decrypt.co/296033/apples-big-ai-upgrade-iphone-ipad-mac-available

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Hyperbolic Secures $12M to Advance Decentralized AI Infrastructure Hyperbolic said it will use the funds to grow its engineering and go-to-market teams and scale its decentralized AI platform globally. Hyperbolic, a startup focused on decentralized AI computing and inference services, announced on Tuesday it raised $12 million in a Series A funding round led by Variant and Polychain Capital. The round drew participation from a wide array of investors, including Lightspeed Faction, Bankless Ventures, and Wintermute Ventures. Angel investors included Sreeram Kannan of EigenLayer and Alex Atallah of OpenRouter. https://decrypt.co/295480/hyperbolic-secures-12m-to-advance-decentralized-ai-infrastructure

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MicroStrategy Adds Billions More in Bitcoin in Fifth-Straight Weekly Buy Michael Saylor's software firm now has $42 billion worth of Bitcoin after adding 21,550 BTC in MicroStrategy's fifth consecutive weekly buy. Software development firm MicroStrategy has boosted its massive Bitcoin stash yet again, disclosing Monday that it purchased another $2.1 billion worth of the leading cryptocurrency last week in its fifth-straight weekly buy. MicroStrategy added 21,550 BTC valued at $2.1 billion, with an average purchase price of $98,783, wrote founder and Executive Chairman Michael Saylor on X (formerly known as Twitter). https://decrypt.co/295560/microstrategy-adds-billions-bitcoin

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Dogecoin Hits Highest Price Since 2021 as Bitcoin Edges Back Above $100K Bitcoin is back to six figures and XRP is rising again, while Dogecoin topped $0.48 overnight for the first time in over three years. Dogecoin popped to a three-year high price overnight, pushing even higher than it did in November as other major assets like Bitcoin and XRP show green over the past day. The original meme coin touched $0.4795 just before midnight ET late Thursday, per data from CoinGecko, topping the $0.475 mark hit on November 23. Coinbase, on the other hand, shows that DOGE actually topped $0.48. It's the highest mark that Dogecoin has hit since May 2021, the same month that DOGE set its all-time peak price of $0.73. https://decrypt.co/295451/dogecoin-highest-price-2021-bitcoin-100k-xrp

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Stablecoins on shaky ground? US council calls on Congress to enact crypto oversight The Financial Services Oversight Council (FSOC) is urging Congress to pass legislation that establishes a comprehensive federal framework for regulating stablecoin issuers. A government organization — established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 — published a report on Friday, Dec. 6, detailing what it perceives as a growing threat to the U.S. financial system. https://crypto.news/stablecoins-on-shaky-ground-us-council-calls-on-congress-to-enact-crypto-oversight/

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Ethereum Price Hits $4,000 for First Time Since March as ETF Demand Surges The second-largest crypto asset charged hands above $4,000 Thursday as Ethereum ETF products showed substantial inflows. The price of Ethereum (ETH) jumped above $4,000 on Friday, a mark not recorded since it briefly reached that threshold in March. The move upward comes on the back of growing Ethereum ETF demand, with the funds collectively recording their largest-ever daily net inflow of more than $428 million on December 5, according to data from CoinGlass. Major Ethereum ETF inflows come amid growing excitement from analysts. Plume CEO Chris Yin told Decrypt in November that the expectation of more favorable crypto regulation under President-elect Donald Trump is leading to “overdue excitement” for the funds, which began trading in the U.S. in July. https://decrypt.co/295348/ethereum-price-hits-4000-etf-demand-surges

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Hedera Sees Massive 720% Monthly Increase But Investors Continue To Choose Rollblock And Solana Hedera has recently dazzled the crypto markets with the strength of its bounce, although there are signs that the rotation has begun into other coins such as Solana and the web3 casino start-up Rollblock ($RBLK). Find out why experts are so bullish on the Rollblock platform, which is being tipped for stunning 50x returns from current levels. https://www.crypto-news-flash.com/hedera-sees-massive-720-monthly-increase-but-investors-continue-to-choose-rollblock-and-solana/

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New York Times on 'Wrong Side of History', OpenAI CEO Sam Altman Says at NYT Event Facing questions about AI and copyright issues, OpenAI CEO Sam Altman called for rethinking fair use and proposed revenue-sharing systems to compensate creators. OpenAI CEO Sam Altman said the lawsuit by the New York Times against the ChatGPT developer for copyright infringement puts the storied publication on the wrong side of history, amid persistent questions about how the media industry should contend with the rise of AI. https://decrypt.co/294902/new-york-times-wrong-side-history-open-ai-sam-altman

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Missed the XRP price surge? 3 old-school crypto to consider Ripple has emerged as one of the best-performing cryptocurrencies in this bull run, jumping by almost 500% from its lowest level in November. Ripple’s (XRP) jump has triggered a strong rally among many old-school cryptocurrencies that performed well in 2021. Here are some of the top coins to watch now that the altcoin season index has risen to 88. https://crypto.news/missed-the-xrp-price-surge-3-old-school-crypto-to-consider/

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MicroStrategy Buys Another $1.5 Billion in Bitcoin, Now Holding 400K BTC MicroStrategy continues to buy Bitcoin: It now holds about $39 billion worth of BTC, just weeks after its stock price hit an all-time high. Software company MicroStrategy today announced another massive Bitcoin buy—the fourth such purchase in as many weeks. The newly dubbed “Bitcoin development company” said Monday that it bought approximately 15,400 Bitcoin for $1.5 billion between November 25 and December 1. It snapped up the orange coins at an average price of approximately $95,976, the announcement added. https://decrypt.co/294320/microstrategy-buys-1-5-billion-bitcoin

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Altseason or Bitcoin’s Reign? December Predictions for Bitcoin and Ethereum December brings speculation: will altcoins surge or will Bitcoin keep its dominance? ChangeNOW, a registration-free cryptocurrency exchange, has seen increased transaction volumes for Bitcoin and Ethereum. Savvy investors and large holders concerned about fund safety are turning to this service. The rise in transactions suggests investors are accumulating, possibly leading to future growth for these coins. Bitcoin Eyes Next Resistance as Bulls Drive Price Toward New Highs https://www.crypto-news-flash.com/altseason-or-bitcoins-reign-december-predictions-for-bitcoin-and-ethereum/?utm_source=rss&utm_medium=rss&utm_campaign=altseason-or-bitcoins-reign-december-predictions-for-bitcoin-and-ethereum

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Ripple CTO Offers Hot Takes on Operation Chokepoint 2.0 In a recent X post, David Schwartz, Ripple Labs’ Chief Technology Officer (CTO), delivered a sharp critique of Operation Chokepoint 2.0. He condemned the act as a dangerous abuse of power that undermines due process and constitutional rights. Notably, Operation Chokepoint 2.0 allegedly pressures banks to sever ties with certain businesses operating in the crypto industry. Cutting ties, as hinted, may come without proof of wrongdoing. This approach has sparked intense debates about government overreach and the misuse of indirect regulation. Critics argue it undermines due process and sets a dangerous precedent for targeting lawful activities. https://u.today/ripple-cto-offers-hot-takes-on-operation-chokepoint-20

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