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Traders are grappling with how to optimize their strategies for a potential Bitcoin price increase while also fearing forced liquidations due to unexpected price swings. Part of the market is already pricing in a 0.50% interest rate cut, making it difficult to predict how markets will react on Sept. 18, despite the potential bullish catalyst. The price action suggests that positive macroeconomic trends for risk markets have been overshadowed by growing concerns within the cryptocurrency sector. Some argue that Democrat nominee Kamala Harris's lack of commitment to support the industry has contributed to Bitcoin’s subdued performance. Gemini exchange co-founder Tyler Winklevoss contended that “Operation Choke Point 2.0 remains in full swing” and that “the Harris crypto ‘reset’ is a scam.”
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Grayscale, the asset manager company behind bitcoin (BTC) and ether (ETH) exchange traded-funds (ETFs) and other crypto investment funds, introduced Tuesday a new fund that invests in the governance token of decentralized lending platform MakerDAO (MKR). MKR advanced over 5% in an hour following the news, hitting $2,100. The token is up nearly 8% over the past 24 hours, outperforming the mostly flat broad-market CoinDesk 20 Index. The Grayscale MakerDAO Trust is accessible to eligible individual and institutional accredited investors, and has the same structure as the firm's other single-asset trusts, according to a press release. This means that it's a closed-end fund where direct withdrawals are not possible, which could lead to price deviations between the fund's share on secondary markets and the underlying asset.
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Bitcoin's unique blend of security and energy use distinguishes it from other digital assets, making it a remarkable choice for digital gold. In a recent discussion, Roundtable anchor Rob Nelson, and Rob Chang, CEO of Gryphon Digital Mining, delved into the intricate aspects of bitcoin's identity, data control, and security, highlighting why bitcoin stands as an unparalleled asset in the digital landscape. Nelson opened the conversation by highlighting bitcoin's distinct advantages over other cryptocurrencies. He emphasized bitcoin's potential as a cornerstone for identity and data control. Nelson pointed out that while other assets exist, none match bitcoin's combination of being both a technology and a reliable store of value. "Gold will never be a technology," Nelson stated, underscoring bitcoin's unique position in the financial landscape.
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Indeed, this move could have significant implications for the token’s post-launch price potential. Most Pepe copycats such as PeiPei, PepeCoin and PepeFork are Ethereum meme coins, which require high trading costs, especially on DEXs. This strongly discourages retail investment in them, resulting in pump-and-dump price action. Pepe Unchained’s Layer-2 chain solves this issue. The low trading fees and the high staking rewards could make it extremely popular with both smart money traders and retailers alike, as is already evident in its presale. Indeed, the Pepe Unchained staking pool is currently offering a reward rate of over 400%, much higher than the industry standard of 5-7%.
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The frog meme coins are back in the spotlight, with Pepe and similar tokens outperforming most crypto assets in the past few days. Some experts now believe they have identified the best Pepe alternative in Pepe Unchained (PEPU). Indeed, the new meme coin has seen impressive gains so far in its presale, raising over $4 million in its crypto ICO. The strong presale performance has made smart money traders bullish on its upside potential, with some even calling it one of the best meme coins to buy now.
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Up to 99% of the creditors could be looking to sell their BTC from the defunct exchange, according to finance analyst Jacob King. This is partly because Bitcoin’s value has increased by over 8,500% in the 10 years since Mt. Gox’s collapse. However, only the weakest Bitcoin holders will be looking to sell their tokens, which will only cause short-term Bitcoin selling pressure, according to popular on-chain analyst RunnerXBT. The analyst wrote in a July 16 X post: “I expect CT (read as the softest of the men, soyest of soy) to react to the first few 5k BTC+ transfers to CEX. Transfers on-chain (shuffle of coins within wallets) do fuck all.”
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Main features of UniLend Finance: Cutting-edge DeFi services: UniLend offers users the opportunity to earn through lending and staking, as well as token exchange and options trading. Full decentralization: UniLend runs on the Ethereum blockchain and is controlled by the community through governance mechanisms based on the UFT token. Accessibility: Unlike some other DeFi platforms, UniLend supports a wide range of ERC-20 tokens, opening up financial opportunities to more projects and their communities. Security: UniLend places great importance on security, conducting smart contract audits and following strict procedures to ensure the safety of user funds. UFT (UniLend Finance Token) is the native token of the UniLend platform, which provides participation in governance, provides premium features and stimulates the development of the platform ecosystem.
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hi gm
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Katayev said that Russia’s cumulative crypto mining capacity currently stands at 2.7 GW. But the official added that domestic miners want to expand the size of their network “by 2.5 times.” The executive explained: “[Russian mining-firm run] data processing centers use 2.7 GW of power. Another 6.9 GW is preparing to come online.” Of that number, Katayev added, data centers with 2.5 GW of power “already have the technical conditions in place” for grid “connection.” The official was speaking at a meeting of the Russian Union of Industrialists and Entrepreneurs’ Electric Power Commission.
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PayPal co-founder Peter Thiel confirmed on CNBC that he owns the first cryptocurrency, but doubted the significant increase in the price of the asset.
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In a rare move, Polymarket has contradicted its decentralized oracle service UMA with regard to the resolution of a market betting on whether Barron Trump was likely involved with the DJT token. Neither Barron Trump nor Donald Trump's campaign has made an official statement about the token. Polymarket has signaled it may overrule UMA, a decentralized oracle service that referees the fast-growing platform's crypto-based prediction markets. Controversy has been brewing for days since UMA resolved a market asking whether it was more likely than not that Barron Trump, son of the former U.S. president, was involved in a meme coin called DJT. The oracle service decided several times the answer was "no," and holders of "yes" shares protested. Polymarket's surprise move is the latest wrinkle in the two-week-long saga of DJT, a Trump-themed memecoin that neither the Trump campaign nor Barron has acknowledged or denied being involved in.
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Minutes Network is pleased to announce a ground-breaking collaboration that is set to bring 1.2 billion users to Minutes Network over the next 24 months. In a strategic move that leverages Minutes Network`s rapid scaling technology with SEW´s AI-driven customer and workforce experience platforms, the extensive SEW base of over 1.2 billion consumers is now in the reachable userbase of Minutes Network. Josh Watkins, Minutes Network CEO said "This is a huge moment for Minutes Network and leverages off the success and strength of World Mobile’s existing relationship with SEW. The integration of the Minutes Network SDK into SEW’s ecosystem and marketplace transforms our scale, reach and the revenue potential. We could not wish for a more supportive scaling partner and our internal technical work now has a singular objective to bring the entire user base online. Our first milestone will have 20million users live within the coming months."
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