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According to CryptoBriefing, Mark Uyeda, a member of the US Securities and Exchange Commission (SEC), stated in an interview with FoxBusiness that he supports the establishment of a safe harbor and regulatory sandbox mechanism in the cryptocurrency field to promote innovation. As a popular candidate for SEC chairman under the Trump administration, Uyeda emphasized the need to end the so-called "cryptocurrency war" and establish a clearer regulatory framework. Uyeda pointed out that "many cryptocurrency assets are not actually securities, but are labeled as securities. He emphasized the importance of collaboration between Congress, the White House, and regulatory agencies in establishing a complete regulatory framework. @gyozilla
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Listening to my favorite song, blowing the evening wind, watching the sun slowly set @seungddoddo @sewala1999
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According to Bloomberg citing informed sources, Michael Gilroy, former fintech director of cryptocurrency friendly investment firm CoatueManagement, is co founding a new venture capital firm. Gilroy is collaborating with technology investor and current board member of cryptocurrency exchange Coinbase, Gokul Rajaram, to raise up to $500 million for the company's first fund. The two are discussing fundraising with anchor investors, but fundraising will not officially begin until 2025. Although Gilroy and Rajaram have not yet named their new company, Bloomberg's report states that the company will focus on investing in early-stage fintech and software companies in the United States. @rtfgdcd
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Slowly living, slowly liking @serzh
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DLResearch stated in an article on X that CurveFinance's decentralized stablecoin crvUSD has generated $18 million in fees and reached a market value of $66 million since its launch in June. As previously reported, CurveDAO has launched a yield based stablecoin called SavingcrvUSD (scrvUSD), with a deposit of $6.6 million as of press time. CurveFinance clarifies: "Since the cost allocation was switched to crvUSD in June, this fee has been incurred. crvUSD itself was launched in May 2023, and since then, more fees have been generated @uip
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According to short selling research firm S3Partners, short selling of Bitcoin mining stocks has surged 50% in the past 30 days, reaching $4.6 billion. This is the highest level in 2024, with the stock prices of Bitcoin mining companies such as Riot, MarathonDigital, and CleanSpark rising by 86%, 55%, and 73% respectively since September, far exceeding the increase of Bitcoin. Matthew Unterman, Managing Director of S3 Partners, believes that this rapid rise may trigger short selling pressure and lead to market turbulence. @gyihuhohuy
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Listening to my favorite song, blowing the evening wind, watching the sun slowly set @ftiioma2
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This week, the NFT trading volume reached 95.72 million US dollars, an increase of 14.99% compared to the previous week. The trading volume in the previous weeks had been on a downward trend. But this week, the number of buyers decreased significantly by 90.21%, while the number of NFT sellers decreased by 88.80%. Ethereum was the blockchain with the highest sales for seven days this week, reaching $31.14 million, an increase of 13.25%. Following closely behind, NFT sales centered around Bitcoin ranked second with $26.01 million, Solana ranked third with $12.97 million in sales from November 2nd to November 9th. @tyonline
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According to TheBlock, the US SEC has once again postponed its decision on whether to approve the request to list spot Ethereum ETF options on the New York Stock Exchange (NYSE). The SEC stated in the submitted documents that the delay is aimed at conducting more analysis and public opinion, particularly regarding whether the proposed rule changes comply with the requirements of the Securities and Exchange Act. The SEC emphasized concerns about the potential impact of the proposal on preventing market manipulation, protecting investors, and ensuring a fair trading system, which falls under Section 6 (b) (5) of the Securities and Exchange Act. @ftiioma2
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Be your own freedom tree @sewala1999
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According to Coindesk, Kemi Badenoch was elected as the leader of the Conservative Party on Saturday after four months of debate following former UK leader Rishi Sunak's announcement that he would resign from the position. Although the Conservative Party has been friendly towards cryptocurrencies in the past - proposing measures to ensure that cryptocurrencies are regulated as financial activities and expressing their desire for the country to become a cryptocurrency hub - the digital asset industry has not been mentioned in the party's leadership battle. @gyomei
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Life should be simple, confused, and happy @tyiew
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According to The Wall Street Journal, French users on Polymarket who spent over $30 million betting on Trump's victory claimed that there was "no political agenda". This user said: "My purpose is just to make money". He claimed to be a Frenchman who once lived in the United States and worked as a trader in a bank. It is reported that the user opened a Polymarket account under the names of Fredi9999, Theo4, PrincesCaro, and Michie, and placed a bet on Trump in the 2024 election, with a bet amount of approximately $38 million. According to reports, if this user's expectation of Trump's complete victory comes true, he can receive a return of over $80 million, which is more than twice his investment amount. If Harris wins, the user may lose all or most of their funds, which he claims is the majority of his available liquid assets. @drwasho
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According to official sources, Xiamen Sophgo Technology Co., Ltd. has issued a statement denying any direct or indirect business relationship with Huawei. The statement pointed out that the investigation by the US Department of Commerce into the relationship between TSMC and Huawei has nothing to do with Sophgo and its products. The company has always strictly complied with relevant regulations, including US export controls. Sophgo has provided TSMC with a detailed investigation report, proving that the company is not involved in the Huawei investigation incident. In addition, Sophgo reserves the right to take legal action against any individual or entity that damages the company's business reputation. Previously, according to TheInformation, the US Department of Commerce launched an investigation into TSMC earlier this month to confirm whether it provided chips to Huawei. Subsequently, TSMC stopped supplying chips to Sophgo, an artificial intelligence company associated with Bitmain. @dtip
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Holding an umbrella alone will prevent rain from falling on your shoulders @seyedho
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According to on chain analyst Yu Jin's monitoring, James Fickel, the ETH/BTC exchange rate bull with the largest position on the chain, deposited 20000 ETH ($50.63 million) into CoinbasePrime 7 hours ago. In addition to continuing to sell 2000 ETH to WBTC to reduce his position like the previous two days, he also redeemed 26624 ETH ($67.35 million) from Lido today and deposited 20000 ETH ($50.63 million) into Coinbase Prime. @seung631
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On the 18th local time, Russian President Putin met with representatives of mainstream media from his own country, as well as China, Brazil, Egypt, India, the United Arab Emirates, Saudi Arabia, Ethiopia, South Africa and other BRICS countries in Moscow, and answered relevant questions. Putin stated that the timing for building a unified currency among BRICS countries is still not ripe. Before adopting a unified currency, the economic integration of BRICS countries must reach a necessary high level. He also suggested that BRICS countries use digital currencies in their investments. Putin stated that currently, the proportion of trade settled in domestic currency between Russia and other countries has reached 95%. Putin also stated that Russia is working with BRICS countries to build a clearing system similar to SWIFT. Previously, Putin stated that Russia will provide opportunities for BRICS partners to use digital currencies in the investment process. @eswar0987
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Perhaps freedom is superior @seyfsengul
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Matthew Sigel, head of digital asset research at VanEck, stated that if the relevant dynamics of Ethereum remain unbalanced, adopting the Layer2 network could potentially cause Ethereum to lose trillions of dollars in potential market value in the coming years. The analyst posted on the X platform on Thursday stating that Ethereum's "constantly changing fundamentals indicate the need to update the model. Sigel wrote that if "current reality" is reflected, Ethereum's price forecast will plummet 67% to $7300 instead of climbing to $22000 by 2030. VanEck's model takes into account the expected growth in total locked value of Ethereum, reflecting the value of assets used in DeFi applications. The model also takes into account the amount of Ethereum consumed by the network - burnt Ethereum or Ethereum that has been withdrawn from circulation due to transaction fees. @rudolf
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It's hard to lie with your eyes @seunsu
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