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CKB skyrockets 111% in a week following Upbit listing, hits highest level since June
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Bitcoin ETFs’ recovery Spot Bitcoin ETFs turned positive last week. The products witnessed $28.6 million in net inflows on Sept. 9, ending their eight-day losing streak. A day later, they recorded a four-fold increase in inflows, totaling $117 million. The investment products saw intraday outflows of $43.9 million on Sept. 11, but rebounded the next day. Overall, spot Bitcoin ETFs witnessed four green days last week, with total cumulative net inflows sitting at $403.9 million.
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Crypto freedom on the chopping block? eToro’s SEC deal raises alarms
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Grayscale Investments has launched the Grayscale XRP Trust, offering accredited investors exposure to XRP, the token used on the XRP Ledger. The Trust is available for daily subscription to qualified investors and operates similarly to Grayscale’s other single-asset investment trusts, according to a Ripple press release. While XRP’s regulatory status remains uncertain due to the ongoing legal battle between the SEC and Ripple XRP xrp 4.09% XRP, Grayscale remains optimistic about its long-term value. The XRP ledger is a blockchain designed to facilitate fast, cross-border transactions. According to Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, the Trust aims to provide investors access to a digital asset with real-world payment utility.
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DeFi gets the spotlight On Sep. 10, the first-ever Congressional hearing on decentralized finance took place, marking an important moment in the evolution of this technology. Titled “Decoding DeFi: Breaking Down the Future of Decentralized Finance,” the hearing was led by Congressman French Hill and lasted nearly two-and-a-half hours. Decoding DeFi: Breaking Down the Future for Decentralized Finance (EventID=117567) U.S. lawmakers gathered to discuss both the potential benefits and risks that DeFi could introduce to the financial system. The hearing exposed a clear divide among lawmakers. Republicans, led by Hill, were optimistic about DeFi’s ability to remove intermediaries and transform financial markets. As Hill stated, “by substituting intermediaries for autonomous, self-executing code, decentralized finance can shift the way financial markets and transactions are currently structured and governed.”
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Following the Tuesday, Sept. 10, debate between former U.S. President Donald Trump and Vice President Kamala Harris, their odds are now tied on Polymarket. Trump’s 5% lead against Harris has plunged on the prediction platform Polymarket after their first-ever debate. According to data provided by Polymarket, both candidates are currently tied with 49% winning odds in the forthcoming U.S. elections.
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As the 2024 bull run heats up, experts predict BNB, PEPE, and Rollblock could reach new all-time highs this September. With the excitement building around high expectations from the 2024 bull run, experts have shared bullish predictions and chosen the altcoins that could dominate as the year draws to a close. BNB and PEPE feature prominently on the lists of many analysts, as both are strong contenders in the crypto market. However, these analysts have also chosen Rollblock, a new cryptocurrency that is dominating headlines. These experts believe all three assets can hit new all-time highs (ATH) in September as the bull run kicks into full gear. Let’s find out why.
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Outflows from U.S. spot Bitcoin ETFs, or exchange-traded funds, surpassed $706 million this week as bears pushed Bitcoin to $53,304 — its lowest level since Aug. 5. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $169.97 million in net outflows on Sep. 6, with Grayscale and Fidelity leading the pack. Fidelity’s FBTC shed $85.5 million, with the fund experiencing negative flows for the past seven trading days. Grayscale’s GBTC added to the exit liquidity, with $52.9 million leaving the fund, bringing total losses to over $20 billion since its inception. Over the past eight days, the fund has lost $279.9 million, continuing its outflow streak since Aug. 27. Bitwise’s BITB saw outflows of $14.3 million ARK 21Shares’ ARKB, $7.2 million Grayscale’s Bitcoin mini trust, $5.5 million Valkyrie’s BRRR, $4.6 million
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VanEck announced today its decision to close and liquidate its Ethereum Strategy ETF, which is listed on the CBOE. The Ethereum Ethereum eth -3.53% Ethereum ETF fund (ticker symbol ‘EFUT’) will cease trading after the market closes on Sept. 16, according to a VanEck press release, with liquidation expected around Sept. 23. Shareholders who still hold EFUT shares on the liquidation date will receive a cash distribution based on the net asset value of their holdings. The decision follows VanEck’s regular evaluation of factors such as “performance, liquidity, assets under management, and investor interest, among others.” According to the release, these criteria and other operational considerations led to the fund’s closure.
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With the exponential growth of cryptocurrencies in MENA, both industry heavyweights Binance and Kraken have gained virtual asset trading licenses for the MENA region via Abu Dhabi Global Market (ADGM) allowing both trading firms license to operate as broker-dealer of virtual assets in the region. Binance has big plans for the region with additional licenses gained from Dubai Virtual Asset License from the Virtual Asset Regulatory Authority (VARA) as well as CBB license from the central bank of Bahrain. UAE plans to be the regional / global hub of cryptocurrency exchanges will only benefit from the exposure to such trusted exchanges, with local competition already present Rain and coinMENA (in Bahrain) and BitOasis in Dubai, local competition will be rife to gain market share in Middle East and North Africa. Kraken is offering local currency exchange in AED for the emirati market, a first by industry heavyweight crypto trading companies.
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#Crypto executives are planning to raise $100,000 for U.S. Vice President Kamala Harris at a September 13 fundraiser in Washington, aiming to sway her toward a more relaxed stance on crypto if she becomes president. Despite #Harris being relatively quiet on crypto, the industry sees her as a better alternative to Donald #Trump and #hopes to influence her policies if she wins the presidency. This effort reflects the crypto sector's interest in shaping future U.S. policies under a potential Harris administration. #Bitcoin #BTC #Crypto #LQR #LaqiraProtocol
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Okx Approved to Provide Cross-Border Payment Services in Singapore
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Pepe Coin (PEPE), Shiba Inu (SHIB), MoonTaurus (MNTR): 3 Meme Coins That Will 10x Your Portfolio by December 2024
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Brazil Blocks X After Musk Ignores Court Orders The social network began to go dark in the nation of 200 million, the result of an escalating fight between Elon Musk and a Brazilian judge over what can be said online.
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Only 3 days left to join the Swan Chain Mission Giveaway with @OKXweb3 ! Don't miss your chance to earn: - 50,000 Points - 10% Point Boost HURRY UP! Only 5,000 slots available! https://okx.com/web3/marketplace/launchpad/event/swanchain Event ends on 09/03/2024
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Saving Gaming From Entropy: How MetaCene Is Pioneering the ServerFi Revolution All games, especially the live-ops ones, face a similar challenge — entropy. As the virtual world grows, its logics, systems and designs naturally become more complex. While complexities should enrich and enhance user experiences, more often, they bring the opposite—chaos, imbalance, and decay.
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Best friends forever. 183 matches, 140 goals, 5 🏆 SIUUUUUUUUUUUUUUUUUUUUUUUUUUUU
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where there is quiet and peace
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UAE Freezes $20 Billion Jet Deal With France After Telegram CEO Arrest UAE has suspended its $20 billion deal with France for 80 Rafale fighter jets after the arrest of Telegram CEO Pavel Durov. Durov was detained in France over his platform’s failure to address illicit activities. The UAE is considering a complete halt to military cooperation with France amid rising tensions.
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Thrilled to say Arete Capital will be backing Dawn Internet the emerging DePIN protocol that's focused on building a decentralised wireless network for providing multi-gigabit broadband (DeWi). Dawn Internet was interesting to us because the underlying NY based ISP Andrena already had >10k subscribers, an ARR of $5M and a significant deployment backlog that was set to bring Andrena into profitability in Q4 2024. On Day 1 Dawn Internet's underlying infrastructure has the coverage of 3 million households whilst providing significantly competitive pricing compared to traditional US ISPs. DePIN suffers from this cold start problem but Dawn is one of the few protocols that had an already established growing ISP business & a network w/ significant coverage in the US operating across 10 states.
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