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@vit131

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transaction layer bitcoin
@vit131
There may be Bitcoin ETFs that don't have any Bitcoin in them, just Bitcoin trading paper backed by Coinbase. The truth is, they've been hearing similar rumors every few months since the Bitcoin Spot ETF launched in the US in January of this year. Whether it's true or not, only Coinbase knows, and they've been very clear that it's up to you to believe it or not, they don't care. By law, these Spot ETFs are required to have a corresponding amount of Bitcoin and be audited, otherwise they're breaking the law. The rumor is still a rumor, and if you look closely, this rumor originated from Justin Sun and was put forward by The â‚¿itcoin Therapist, there's no evidence and it's just speculation by Justin Sun at the moment. Coinbase CEO also responded to The â‚¿itcoin Therapist's tweet that all assets are audited by one of the Big 4 auditing firms in the world (Deloitte) and the information is public. There has been pressure for a long time for Coinbase to make the wallet addresses of ETFs public
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@vit131
MicroStrategy's BTC Purchase History - First $250 million bitcoin purchase at $11,000 - Then buy $175 million at $10,000 - $650 million at $21,000 - $700 million at $21,000 - $1 rate at $52,000 - $10 million at $31,000 - $15 million at $59,000 - $489 million at $37,000 - $177 million at $45,000 - $242 million at $48,000 - $82 million at $57,000 - $25 million at $37,000 - $10 million at $20,000 - $6 million at $19,000 - $179 million at $28,000 - $14 million at $30,000 - $821 million at $68,000 - $623 million at $67,000 - $786 million at $65,000 - $1.1 billion at $60,000. Every time they buy someone laughs at them, but now Michael Saylor is valued at $5.2 billion Source @pivfund2100 and @CryptoTea_
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@vit131
The cryptocurrency industry has so far contributed more than $190 million to major dedication accounts in the 2024 US election, much higher than the $15 million in the 2020 election Source: Fox Business News X @ EleanorTerrett
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@vit131
The S&P 500 chart shows us: We are now 3 years and 8 months into President Biden's term, and in that time, the S&P 500 has increased by about 50%. - 3 years and 8 months into Donald Trump's term, the S&P 500 has increased by about 50%. - 3 years and 8 months into Obama's term, the S&P 500 has increased by about 50%. - 3 years and 8 months into Clinton's term, the S&P 500 has increased by about 50%. (Source X: @1MarkMoss) What about Bitcoin? - The day President Obama took office for the first term, Bitcoin had just started, with no price, but when the first term ended, the price of BTC was $16. - The day President Obama took office for his second term, the price of BTC was $15, and when he left office, the price was $895 (56x increase). - The day President Trump took office, the price of BTC was $895, and when he left office, the price was $35K (39x increase). - The day President Biden took office, the price of BTC was $35K, and when Biden left office (January 20, 2025) ???
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@vit131
CNBC: Bitcoin Could Soon Welcome $100K $100K Regardless of Who Wins the US Election. Bitcoin has always been based on the monetary policy of countries, governments, and the United States… and there is no application to change that regulation. Despite concerns about the Biden administration's stance on bitcoin... bitcoin is doing well. Whether or not Kamala Harris supports crypto remains to be seen, but all signs from Harris are consistently making the case for less crypto hostility compared to the Biden administration. Swan Bitcoin's Lubka said: “If Trump wins in November, will there be an immediate rally? Yes, definitely. If Harris wins, could there be immediate selling pressure? That certainly wouldn't surprise me. But within limits, I don't think it's mainstream."
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@vit131
Price of iPhone in Bitcoin over the years: - iPhone 4s - 162 BTC - iPhone 5 - 53 BTC - iPhone 5s - 5 BTC - iPhone 6 - 1.7 BTC - iPhone 6s - 2.8 BTC - iPhone 7 - 1.1 BTC - iPhone 8 - 0.19 BTC - iPhone X - 0.14 BTC - iPhone XS - 0.15 BTC - iPhone 11 - 0.068 BTC - iPhone 12 - 0.051 BTC - iPhone 13 - 0.018 BTC - iPhone 14 - 0.042 BTC - iPhone 15 - 0.031 BTC - iPhone 16 - 0.014 BTC
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@vit131
Proof of Workforce Foundation (POWF) and Careers In Government Inc. (Careers in Government) has launched a strategic partnership aimed at integrating Bitcoin into major public sector job listings. This partnership includes developing innovative strategies to incorporate Bitcoin into salary and incentive structures for public sector employees. By testing these strategies, the architect aims to create a model that is scalable and adopted by government employers across the country.
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@vit131
China's CPI rose 0.6% in August, below Reuters' forecast of 0.7%. Unlike other countries, China is facing deflation as consumers are not spending, and the Bank of China has been cutting interest rates and payments into the economy.
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@vit131
Treasury Secretary 🇺🇸 Janet Yellen said there were no "red flags" for the financial system, and she reiterated the view that the US economy had achieved a soft landing, even as the job market weakened. 👀 … Fed chair but not yet said the application wing
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@vit131
Proof of US Now, One Red 🔴, Bitcoin $54K
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@vit131
Venezuelan opposition leader 🇻🇪, María Corina Machado, calls Bitcoin a "lifeline" for Venezuelans, a way to beat the government-controlled winning rates. She proposed exporting Bitcoin to Venezuela's future national reserve. Machado emphasized that under Chávez and Maduro, the bolívar lost 14 zeros, with its spread skyrocketing to 1.7 million percent in 2018.
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@vit131
🔥 Update SEC vs Ripple event Currently, Ripple is ready to pay the $125 million fine and continue operating. However, the SEC requested a delay in payment until after September 6. According to attorney @attorneyjeremy1, it is likely that the SEC has not yet decided whether to counterclaim this decision, as making a counternotification only takes 15 minutes, and they have 70 days to add the official summary. The payment of a $125 million fine after years of selling XRP was considered a victory for Ripple. According to the construction instructions, each side has 60 days to respond from the date of the Judge's decision (August 7, 2024). If the SEC produces an appeal, the case is not over yet and is likely to last until next summer.
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@vit131
More than 1.05 billion USD was removed from the US stock window today (Source: @WatcherGuru). The total capitalization of BTC is 1.1 billion USD, which means that the figure of 1.05 billion USD evaporated from the stock market is almost equal to the entire capitalization of BTC will be erased within just 1 day.
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@vit131
PolyMarket Update
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@vit131
How has Bitcoin price reflected previous US presidential elections? - On November 5, 2012, BTC was trading at $10.80 and by December 2013, BTC had reached $1,250. - During the US election on November 5, 2016, BTC was trading at $703 and by the end of 2017, BTC price had skyrocketed and almost reached $20k. - On November 5, 2020, BTC was trading at $15,579 and by November 10, 2021, the price had reached almost $69K. Since BTC's inception, history shows that BTC prices have increased sharply after each US election and peaked about a year later to complete a cycle. This time too? Or will this be different?
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@vit131
🔥 The economic event takes place this week, USA Day. SUNDAY, SEPTEMBER 1 - Russia 🇷🇺 makes it legal to use cryptocurrencies in cross-border trade and goods transactions - Upgrade Cardano Chang hard fork. MONDAY, SEPTEMBER 2 - Labor Day, Proof Market is closed. TUESDAY, SEPTEMBER 3 - US PMI manufacturing index (this number helps determine market conditions from purchasing managers) - Only build data. - ISM Manufacturing Product Index (training on the economic status of the United States based on a monthly survey of purchasing managers in more than 400 manufacturing companies). WEDNESDAY, SEPTEMBER 4 - Number of recruitment on campus - Server location unit. - Beige Book of Fed Report (Economic assessment from the FED) - Car sales data THURSDAY, SEPTEMBER 5 - Work reports from ADP - Number of applications for initial professional level support - ISM Services Index (which measures the economic activity of more than 15 industries including prices, inventory and employment)
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@vit131
So we officially ended August with -8.63%. We have also prepared ourselves mentally for an explosive summer and the results are: June: -6.96% July: +2.95% August: -8.63% It's not as disgusting as we imagine, but we still have to get over "Tember Collapse"
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@vit131
The Brazilian Supreme Court 🇧🇷 ordered a nationwide suspension of Elon Musk's social network X after X announced it would not comply with previous court orders. The court announced that Elon Musk and X Corp. have 24 hours to appoint a solution that represents their business in Brazil, or face a "suspension penalty." Supreme court judge Alexandre de Moraes also ordered daily fines to be imposed on people or businesses in Brazil who used VPNs or other methods to access X while the site was banned here. country. country.
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@vit131
🔥Elon Musk and Tesla successfully refuted the case that consultants committed fraud by inflating the value of Dogecoin and making internal transactions, causing billions of dollars in losses. The plaintiffs were reported to have: - During his 2021 appearance on NBC's "Saturday Night Live" and other promotional games, Musk offered to sell and profit through multiple Dogecoin wallets that he or Tesla controlled. - They also claim that Musk tried to push the price of Dogecoin up more than 36,000% within 2 years and then to reduce the price, while he and Tesla regularly manipulated the price and profited based on Elon Musk's tweets. The judge held that no advisor could reasonably consider trading decisions based solely on silly, vague, exaggerated or humorous online tweets. He also said that it is impossible to understand the consultants' workforce for market manipulation and insider trading because there is no evidence that Elon Musk or Tesla ever sold Dogecoin.
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@vit131
Bitcoin Parameter and Fear Index today: $58K Fear past version: Neutral $59K Last week: $61K scare Last month: Greed ($64K average) Investor psychology is something very interesting.
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