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Leona

@leosfo

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67 Followers
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Leona
@leosfo
The World Health Organization reported a significant decline in global malaria cases, attributing success to new vaccine deployments.
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The global tech community mourned the loss of a pioneering computer scientist known for groundbreaking contributions.
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Robinhood Markets expanded its cryptocurrency offerings by adding new tokens, including Solana, Cardano, XRP, and the meme coin Pepe, bringing the total number of digital assets available on the platform to 19.
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CoinMarketCap updated its cryptocurrency events calendar, listing major upcoming events and developments in the blockchain ecosystem.
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Bitcoin Cash, Ronin, Aptos, and Theta Network were among the top-performing cryptocurrencies, each showing strong growth and attracting investor interest.
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Livepeer (LPT) has surged by 7.82%, followed by gains in tokens like Holo (HOT) and DeXe (DEXE), reflecting bullish market sentiment.
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Leona
@leosfo
Livepeer (LPT) surged 7.82%, followed by gains in tokens like Holo (HOT) and DeXe (DEXE), reflecting bullish market sentiment.
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Polygon’s POL token is seeing increased demand as staking provides both security and governance privileges, solidifying its network role
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Polkadot continues to expand its influence by enabling seamless cross-chain communication between Ethereum, Bitcoin, and other blockchains
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The BRICS nations officially embraced cryptocurrencies for investments, signaling a significant shift in global finance
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Italy is planning to raise its capital gains tax on Bitcoin from 26% to 42%, potentially impacting crypto investors in the region
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Ryan Salame, a former FTX executive, requested another delay in his prison surrender date
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Summary: Decentralized applications (DApps) on the Ethereum network have reported record user growth, with several apps experiencing unprecedented activity levels. Opinion: The surge in DApp usage underscores the growing popularity and functionality of Ethereum-based applications. This growth can drive more developers to build on Ethereum, further strengthening its ecosystem.
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@leosfo
Despite Ethereum’s positive momentum, the regulatory status of ETH as a potential security continues to create uncertainty. Ongoing scrutiny from the SEC and U.S. regulatory bodies may impact investor sentiment and could lead to volatility. That said, the market has shown resilience in the face of these concerns, with strong price recoveries after major dips .
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In another blow to Ethereum, institutional ETFs have seen significant outflows, signaling that larger investors are taking a step back from the asset . My take: This is not great news for Ethereum, as institutional investments are key to long-term stability. If this trend continues, it could create more headwinds for ETH’s price recovery.
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Projections suggest that Ethereum could rise to about $2,536 by September 19, 2024, reflecting a modest 4.7% increase over the week . My take: This price rise could offer a short-term opportunity for traders, but the market remains uncertain, especially given external macroeconomic conditions.
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As Ethereum transitions further into its proof-of-stake model, staking rewards remain a significant factor drawing attention from investors. With a yield of around 4% annually, staking has become a critical component of Ethereum’s appeal compared to Bitcoin . My opinion: Staking is a strong incentive for long-term holders, but the high rewards may attract regulatory scrutiny in the future, especially if staking becomes too centralized.
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Ethereum’s roadmap is focused on scaling to handle 100,000 transactions per second through future upgrades. This scaling is essential as Ethereum’s current limitations in transaction speed and costs are a major drawback, giving rise to competing blockchains like Solana and Avalanche . These upgrades are crucial for Ethereum’s long-term relevance in the blockchain space.
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Coinbase has introduced a new wrapped Bitcoin product called cbBTC, targeting users in several countries, including the UK, Australia, and Singapore. This move strengthens Coinbase’s position in the Bitcoin custody space and expands access to more secure and compliant wrapped Bitcoin assets. As major exchanges innovate in this space, it could lead to more trust in wrapped assets .
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Since the Dencun upgrade earlier this year, Ethereum’s total supply has been increasing, which contrasts with the post-Merge deflationary expectation. This uptick is concerning for long-term holders, as it makes ETH more inflationary, potentially influencing future price dynamics .
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