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Spirit Sonya

@spiritsonya

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Spirit Sonya
@spiritsonya
💥 Crypto News Update! 💥 1️⃣ Norway backs MiCA and considers CBDC to boost financial stability and regulate digital payments. 2️⃣ Bitcoin Fog founder sentenced to 12.5 years for money laundering in the U.S. 3️⃣ Tether enters oil market with a 670,000-barrel transaction, aiming to expand further. 📊 Stay tuned for more crypto trends and market shifts!
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Spirit Sonya
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Norway explores CBDC adoption and supports MiCA regulation 🇳🇴💰 Norges Bank, Norway’s central bank, is backing the EU’s Markets in Crypto-Assets (MiCA) regulation and is evaluating a potential central bank digital currency (CBDC) for enhanced cross-border payments and financial stability. Key Points: 1️⃣ MiCA Support: As part of the European Economic Area, Norway aligns with EU crypto regulations. MiCA, currently under review, aims to standardize crypto-asset activities in Europe. 2️⃣ CBDC Potential: Norges Bank is assessing whether a CBDC could supplement cash and digital payments, recently participating in a trial for cross-border CBDC transactions. 3️⃣ Privacy Focus: The bank prioritizes privacy, ensuring compliance with regulations like anti-money laundering without monitoring individual transactions. Norway’s cautious approach reflects a balance between innovation and economic stability.
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Spirit Sonya
@spiritsonya
Gm
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Spirit Sonya
@spiritsonya
🔥 Shiba Inu (SHIB): The Next Sleeping Giant? 🚀 Shiba Inu (SHIB) has already gained over 78% this year, but could it go even further? Analysts see potential for a 90% surge in early 2025, backed by technical patterns like the “cup-and-handle.” 📈 The recent performance of Dogecoin may even lead to a shift in capital towards SHIB, with technical signals suggesting an upcoming breakout. 📊 Stay tuned as SHIB’s momentum builds and new developments in the ecosystem aim to make a major impact. Is SHIB ready to reach new highs? 🌐
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Spirit Sonya
@spiritsonya
📲 ForumPay Simplifies Crypto Payments! ForumPay is a global payment platform that makes crypto payments as easy as paying with a credit card. Users can spend their crypto on purchases, while merchants receive payments in fiat currency, avoiding volatility risks. 💸 Simple and Secure Transactions ForumPay’s solution automatically converts crypto into fiat at the time of purchase, providing stability for businesses and speeding up access to funds. The platform is compatible with most crypto wallets, making it convenient for users worldwide. 🌐 The Future of Crypto Payments ForumPay is already used by brands like Spotify and Burger King, and even allows for property purchases. In the future, crypto payments could become an essential part of our financial lives!
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Spirit Sonya
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💼 BlackRock’s Bitcoin ETF Sees Outflows on US Election Day 📉 On Nov. 5, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a $44.2 million outflow, marking just the sixth time since its January launch. Bitcoin ETFs collectively recorded $116.8 million in outflows, with Bitwise Bitcoin ETF the only one showing an inflow of $19.3 million. 📊 Market Reaction: Despite outflows, Bitcoin surged post-U.S. trading day, hitting a new high of $75,000 as election results came in. Apollo Crypto’s chief investment officer noted Bitcoin’s role as a “global election trade,” with a potential for growth. 🔮 Future Outlook: Analysts believe Bitcoin could hit $100,000 depending on election outcomes.
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Spirit Sonya
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😊 How AI Helps Web3 Startups Find the Right Investors 🤖 The Web300 platform combines AI and decentralized communities to help Web3 entrepreneurs connect with venture capitalists (VCs). 📊 The service creates detailed profiles of investors, providing information from various sources, including social media, articles, and other data. With its scoring system, Web300 makes it easier to find investors specifically suited to projects in the Web3 space. 🌟 Why does this matter? This integration helps startup founders avoid scammers, strengthen their reputation, and increase their chances of success by securing support from experts who understand blockchain technology.
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Spirit Sonya
@spiritsonya
🎉 Crypto funds attract $2.2B in inflows amidst U.S. election hype! 💼 This marks the fourth consecutive week of positive inflows for crypto investment products, totaling $5.7 billion YTD – an impressive 19% of all inflows so far in 2024. 📈 Bitcoin led the way, capturing almost all inflows and driving total assets under management above $100 billion for only the second time this year! 🇺🇸 Why the surge? CoinShares suggests it’s driven by optimism over the U.S. elections, particularly anticipation of a Republican victory. This hype highlights the current market’s sensitivity to U.S. politics. 🔍 Despite Bitcoin’s bullish trend, Ether products showed moderate inflows, while Solana recorded an increase, benefiting from this political influence.
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🗞 Crypto projects to unlock $2.6B in tokens this November 🚀 November will bring $2.6 billion in unlocked tokens from projects like Memecoin, Aptos, Arbitrum, Avalanche, and Optimism as vesting periods conclude. 📊 These unlocks include $900 million in cliff unlocks and $1.7 billion in linear unlocks, gradually entering the market to control selling pressure. 🔒 Token vesting helps stabilize markets by restricting early investors and team members from selling tokens too soon, supporting long-term project growth. 💰 For instance, Memecoin will release 3.45 billion tokens worth $37.8 million. Other projects, like Aptos and Avalanche, will unlock millions for contributors, foundations, and investors. 📉 After Arbitrum’s large token release in March, ARB’s price trended downward, now trading 79% below its all-time high.
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📰 Mutant Ape Planet Creator Forfeits $1.4 Million, Avoids Prison 😱 Aurelien Michel, the creator of Mutant Ape Planet NFTs—an imitation of the famous Mutant Ape Yacht Club—recently pleaded guilty to defrauding investors. A U.S. court ordered him to forfeit $1.4 million and pay a $15,000 fine but did not impose a prison sentence. Michel previously spent one month in detention in New York, which was counted towards his penalty. ⚖️ Prosecutors had sought a 37-month prison term, claiming investors lost significant funds. However, Michel’s defense argued the losses were exaggerated, stating that investors did receive digital artwork as part of the collection, though its value remains unclear. 📉 The case has highlighted issues within the NFT space, as Michel admitted on social media that he and his team “never intended to rug,” but claimed the project became “too toxic.” Despite early sales success, the collection’s average price dropped sharply since its launch.
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📈 Eastern Europe Rises in Crypto Market Eastern Europe is now the fourth-largest cryptocurrency market, with over $499 billion in transactions between July 2023 and June 2024. A strong driver of this growth is DeFi, making up 33% of the volume. 🌍 Regional Leaders: Russia and Ukraine Russia and Ukraine lead Eastern Europe’s crypto adoption, with $182 billion and $106 billion respectively. Centralized exchanges (CEX) are still primary, receiving $324 billion in transactions. 🏦 Institutional Investment Growth in Ukraine Ukraine has seen a rise in institutional transactions, especially as Bitcoin offers a financial refuge amid economic and regional challenges.
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Spirit Sonya
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🚀 Tron and Chainlink in Action 🔥 Tron DAO announced its switch to Chainlink oracles! Now, DeFi applications JustLend and JustStable, with over $6.5 billion in TVL, will use Chainlink Data Feeds for price data. This move, as part of the Chainlink Scale Program, will support the growth of the Tron ecosystem and simplify the creation of new decentralized applications. 📈 The transition from WinkLink to Chainlink opens up new opportunities for Tron stablecoins and real-world assets. Memecoins also continue to drive Tron’s revenue — the blockchain’s income reached a record $151.2 million in the third quarter, thanks to SunPump.
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Solana reaches a 3-month high! 🚀🔥 The SOL price has surpassed $180, showing a 16.3% monthly increase. Interestingly, as Bitcoin rallies toward its all-time high, Solana’s metrics indicate the potential for further growth, possibly even to $200 and beyond. 📊 Key Points: 📈 Over the past 30 days, the total value locked (TVL) in Solana’s smart contracts has hit a 2-year high. 🏆 Solana has overtaken BNB Chain to become the second-largest network by TVL, trailing only Ethereum. 💹 Solana has taken the lead among blockchains in DEX trading volumes, surpassing Ethereum with a 19% increase in activity. 📌 Analyst insight: The low leverage use in Solana futures indicates healthy growth, leaving room for further gains. Stay tuned for updates — SOL’s price may continue to climb! 🚀
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Gemini received preliminary approval for a license in Singapore 🔥 The crypto exchange Gemini has taken a significant step in Singapore, receiving preliminary approval for a Major Payment Institution (MPI) license. This will allow the company to provide digital payment services and cross-border transfers, expanding its operations in one of Asia’s key crypto hubs. Gemini emphasizes the importance of this region in its global strategy, and the team is already expanding in Singapore, preparing for the final licensing stage. 📈 Approval of such a license is more than a formality—it’s an opportunity for the company to handle larger transaction volumes, like Coinbase and Ripple, who received full MPI licenses earlier this month.
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/degen-club I’m feeling immense gratitude and motivation from contests like this 🔼Once again, the drop didn’t disappoint, a 50-day challenge is top! 💸😍❕ Congrats also to everyone else😁🔥We made it)
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Spirit Sonya
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GM
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🐉 Polymarket is not about politics, it’s about crypto forecasts! 💬 The founder of Polymarket, a crypto prediction platform, stated: “Polymarket isn’t about politics. We’re just ‘market nerds’ who believe forecasts can provide valuable alternative data.” 📈 Politics brings attention to the platform, as it accurately predicted Biden’s drop in popularity. Even Elon Musk highlighted Polymarket as more accurate than traditional polls! 🔎 For them, politics is just a way to draw attention to market-based forecasts.
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😻Today marks the 50th day! Every day, I approached this challenge seriously, and to celebrate, I decided to decorate my T-shirt 🙈 It’s been an exciting journey filled with crypto news and countless page refreshes to stay on top ) Big thanks to /degen-club for organizing this contest 🥷🏻
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😱 Fake Curve Finance App Scams Users, Reaches Global Popularity 🚨 A fake Curve Finance app infiltrated the Apple App Store and has even made it into the top 100 finance apps globally! Despite being flagged as a scam by the community, the app is gaining traction in various regions, putting unsuspecting users at serious risk. 🔍 The fraudulent app, “Curve defi v3,” mimics the real Curve Finance platform, falsely claiming to offer token swaps and DeFi services. Users quickly noticed and reported it as a scam, leaving reviews warning others. 🛑 Stay Alert: If you come across this app, avoid downloading it and report it immediately.
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😎 Bitstamp Secures Key License in Europe 🚀 Bitstamp has officially received a Multilateral Trading Facility (MTF) license from Slovenia’s Securities Market Agency! This license lets Bitstamp offer crypto derivatives products, like perpetual swaps, directly to institutional clients. 📈 Why it matters? Bitstamp’s new license aligns with EU’s regulatory standards and opens doors to a variety of financial products, including stocks and bonds. This is another step towards industry maturity and expanding crypto offerings for investors. 👥 What’s next? With the demand for crypto derivatives growing, Bitstamp is set to strengthen its appeal for institutional clients.
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