The World's Oldest Weekly Magazine Considers Bitcoin a "Threat"
Here are the main points from the article published today:
▪️The easier it becomes to buy Bitcoin, the more likely a financial catastrophe is.
▪️A Bitcoin ETF is akin to betting shops opening branches in every household across the country!
▪️Bitcoin is a classic zero-sum game.
▪️Bitcoin is a technical reimagining of a Ponzi scheme.
We are looking forward to the article about Ethereum...🧐
Here are the main points from the article published today:
▪️The easier it becomes to buy Bitcoin, the more likely a financial catastrophe is.
▪️A Bitcoin ETF is akin to betting shops opening branches in every household across the country!
▪️Bitcoin is a classic zero-sum game.
▪️Bitcoin is a technical reimagining of a Ponzi scheme.
We are looking forward to the article about Ethereum...🧐
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US House of Representatives Supports Bill Against CBDC
🇺🇸 The US House of Representatives has passed a bill prohibiting the Federal Reserve (Fed) from issuing Central Bank Digital Currency (CBDC) without congressional approval, as announced by House Republican Leader Tom Emmer.
🗞 The bill was passed with 216 votes in favor and 192 against.
👀 According to the bill, the government can issue a CBDC "only with the permission of Congress." Emmer emphasized that the digital dollar should not be used like e-CNY and must be open and not a surveillance tool.
✋The Fed is prohibited from using CBDC for implementing monetary policy and economic control.
✔️ Since 2021, Emmer has advocated for the digital dollar design to exclude the possibility of financial oversight over citizens.
🇺🇸 The US House of Representatives has passed a bill prohibiting the Federal Reserve (Fed) from issuing Central Bank Digital Currency (CBDC) without congressional approval, as announced by House Republican Leader Tom Emmer.
🗞 The bill was passed with 216 votes in favor and 192 against.
👀 According to the bill, the government can issue a CBDC "only with the permission of Congress." Emmer emphasized that the digital dollar should not be used like e-CNY and must be open and not a surveillance tool.
✋The Fed is prohibited from using CBDC for implementing monetary policy and economic control.
✔️ Since 2021, Emmer has advocated for the digital dollar design to exclude the possibility of financial oversight over citizens.
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Bitcoin Flag on Top of the World!
💪 23-year-old crypto entrepreneur Dadwan Yusuf unfurled a flag with the logo of the first cryptocurrency at the summit of Everest, the highest point on Earth. 🏔
Well, the top of the world is a fitting place for Bitcoin! But it is definitely not its peak in terms of its price.😉
💪 23-year-old crypto entrepreneur Dadwan Yusuf unfurled a flag with the logo of the first cryptocurrency at the summit of Everest, the highest point on Earth. 🏔
Well, the top of the world is a fitting place for Bitcoin! But it is definitely not its peak in terms of its price.😉
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Altseason is near!
📉 Bitcoin's market dominance has broken downward from an ascending wedge, potentially heading towards 45%, signaling the approach of altcoin season.
This scenario seems logical if:
▪️ BTC consolidates in the $60k-$70k range.
▪️ The SEC does not delay the start of trading for an Ethereum ETF, boosting ETH and pulling up altcoins
📊 A trader predicts a sharp surge to $100k after BTC finishes its consolidation. This event could accelerate the growth of altcoins, as they gain strength after Bitcoin hits a new ATH 💸
📉 Bitcoin's market dominance has broken downward from an ascending wedge, potentially heading towards 45%, signaling the approach of altcoin season.
This scenario seems logical if:
▪️ BTC consolidates in the $60k-$70k range.
▪️ The SEC does not delay the start of trading for an Ethereum ETF, boosting ETH and pulling up altcoins
📊 A trader predicts a sharp surge to $100k after BTC finishes its consolidation. This event could accelerate the growth of altcoins, as they gain strength after Bitcoin hits a new ATH 💸
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EtherFi Announced Its Own Crypto Card
The EtherFi protocol has announced its own Visa crypto card. 💳 🥰
Users will be able to use the platform's services (restaking and DeFi pools) and spend their funds as needed.
💵 For payments, assets will be converted into USDC.
The EtherFi protocol has announced its own Visa crypto card. 💳 🥰
Users will be able to use the platform's services (restaking and DeFi pools) and spend their funds as needed.
💵 For payments, assets will be converted into USDC.
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Bloomberg: FTX Concludes Sale of SOL at Below Market Prices
🏦 The bankrupt exchange FTX has completed a series of auctions selling $2.6 billion worth of Solana (SOL) tokens at significant discounts to market prices, according to Bloomberg.
👀 Sources indicate that Figure Markets participated in the auction and purchased a lot of 800,000 SOL at approximately $108 per token. On the market, the token trades near $167.
💲 During the auction, an undisclosed amount of the asset was purchased by Pantera Capital, though sources declined to reveal any figures. Earlier this year, media reported that Pantera Capital had specifically raised $250 million to buy SOL from FTX.
The tokens owned by the exchange are subject to a four-year vesting period, but gradual unlocking will begin in a few months. 🧐
🏦 The bankrupt exchange FTX has completed a series of auctions selling $2.6 billion worth of Solana (SOL) tokens at significant discounts to market prices, according to Bloomberg.
👀 Sources indicate that Figure Markets participated in the auction and purchased a lot of 800,000 SOL at approximately $108 per token. On the market, the token trades near $167.
💲 During the auction, an undisclosed amount of the asset was purchased by Pantera Capital, though sources declined to reveal any figures. Earlier this year, media reported that Pantera Capital had specifically raised $250 million to buy SOL from FTX.
The tokens owned by the exchange are subject to a four-year vesting period, but gradual unlocking will begin in a few months. 🧐
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✋ Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel. Now let's move on to today's giveaway.
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
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Every day crypto 🐲 drops! Subscribe to everyday earnings!
👾562❤117👍107🙏24🎉16🥰8🕊8⚡7🆒7😁5
Forwarded from Daily Drops
🎉 Congratulations to the winners of the cash prize giveaway from the Crypto Soothsayer channel!
▪️1st place - $20 - @dExter1lol
▪️2nd place - $10 - @zynpkmrn
▪️3rd place - $8 - @marvel0922
▪️4th place - $4 - @lanternrazer
▪️5th place - $4 - @Callymusk
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
▪️1st place - $20 - @dExter1lol
▪️2nd place - $10 - @zynpkmrn
▪️3rd place - $8 - @marvel0922
▪️4th place - $4 - @lanternrazer
▪️5th place - $4 - @Callymusk
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
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CryptoQuant notes the growing activity of 🐋 whales in TON. The number of transactions exceeding $1,000,000 has sharply increased.
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Coinbase Pushes to Appeal SEC Case, Citing FIT21 Vote
📰 Coinbase is making another attempt to appeal a judge's decision in its case against the SEC, citing recent congressional developments.
🇺🇸 The U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with a 279-136 vote, showing bipartisan support. This bill limits the SEC's authority over crypto, favoring the Commodity Futures Trading Commission instead.
✔️ Coinbase argues this legislative move highlights a disagreement over the SEC's jurisdiction. They aim to challenge whether the SEC can regulate digital asset transactions as "investment contracts" without formal contracts. The SEC opposes this appeal.
📰 Coinbase is making another attempt to appeal a judge's decision in its case against the SEC, citing recent congressional developments.
🇺🇸 The U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with a 279-136 vote, showing bipartisan support. This bill limits the SEC's authority over crypto, favoring the Commodity Futures Trading Commission instead.
✔️ Coinbase argues this legislative move highlights a disagreement over the SEC's jurisdiction. They aim to challenge whether the SEC can regulate digital asset transactions as "investment contracts" without formal contracts. The SEC opposes this appeal.
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🥺 Polyhedra Complains About ZkSync
💠 Polyhedra expressed their grievances towards ZkSync, calling them thieves for stealing the ZK ticker, which previously belonged to them.
🔊Bybit, in an announcement about listing ZkSync, also mentioned that Polyhedra's ticker will be changed.
A big player came and took it away, what else can be said 😁
💠 Polyhedra expressed their grievances towards ZkSync, calling them thieves for stealing the ZK ticker, which previously belonged to them.
🔊Bybit, in an announcement about listing ZkSync, also mentioned that Polyhedra's ticker will be changed.
A big player came and took it away, what else can be said 😁
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UAE Introduces Fines for Mining on Farms
🇦🇪 The Abu Dhabi Agriculture and Food Safety Authority (UAE) has warned about the illegality of cryptocurrency mining on farms, Khaleej Times reports.
👀 “This activity is considered an improper use of the farm for a purpose other than its intended use,” the publication cites the regulation.
✔️ This is due to the fact that mining Bitcoin and other digital assets using the Proof-of-Work algorithm consumes a significant amount of electricity, the cost of which constitutes the majority of expenses. In the UAE, subsidized rates for agricultural operations are lower than those for households and significantly lower than industrial rates.
💲 The Authority clarified that violations will incur fines of up to 10,000 dirhams (~$2,723).
🇦🇪 The Abu Dhabi Agriculture and Food Safety Authority (UAE) has warned about the illegality of cryptocurrency mining on farms, Khaleej Times reports.
👀 “This activity is considered an improper use of the farm for a purpose other than its intended use,” the publication cites the regulation.
✔️ This is due to the fact that mining Bitcoin and other digital assets using the Proof-of-Work algorithm consumes a significant amount of electricity, the cost of which constitutes the majority of expenses. In the UAE, subsidized rates for agricultural operations are lower than those for households and significantly lower than industrial rates.
💲 The Authority clarified that violations will incur fines of up to 10,000 dirhams (~$2,723).
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🐳 Whales are buying billions!
👀 In the last 24 hours, major BTC holders bought 20k Bitcoin (~$1.34 billion) as the price dropped below $67k.
A great signal for strengthening the trend 👍
👀 In the last 24 hours, major BTC holders bought 20k Bitcoin (~$1.34 billion) as the price dropped below $67k.
A great signal for strengthening the trend 👍
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✋ Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel. Now let's move on to today's giveaway.
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Telegram
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Every day crypto 🐲 drops! Subscribe to everyday earnings!
👾572👍176❤116🥰32🔥22👎15👏8⚡5
Forwarded from Daily Drops
🎉 Congratulations to the winners of the cash prize giveaway from the Crypto Soothsayer channel!
▪️1st place - $20 - @MarkAFarmer
▪️2nd place - $10 - @Peterdt11
▪️3rd place - $8 - @Hn_Fn
▪️4th place - $4 - @Rampaig3
▪️5th place - $4 - @Ayowvsvyg
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
▪️1st place - $20 - @MarkAFarmer
▪️2nd place - $10 - @Peterdt11
▪️3rd place - $8 - @Hn_Fn
▪️4th place - $4 - @Rampaig3
▪️5th place - $4 - @Ayowvsvyg
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
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Donald Trump is all in for crypto!
📢 Speaking to voters, Donald Trump stated that the future of BTC and cryptocurrency would be created in the USA, not somewhere abroad.
👀 He also added that he would support the self-custody of digital assets and keep Elizabeth Warren away from the industry (she had previously stated that she would create an army against cryptocurrency).
🏦 "I will never allow the creation of CBDC and will stop Joe Biden's crusade to destroy cryptocurrencies," concluded Trump.
In addition, he said he would pardon Ross Ulbricht, the creator of the darknet marketplace Silk Road. 🧐
Your turn, old Joe! 😁
📢 Speaking to voters, Donald Trump stated that the future of BTC and cryptocurrency would be created in the USA, not somewhere abroad.
👀 He also added that he would support the self-custody of digital assets and keep Elizabeth Warren away from the industry (she had previously stated that she would create an army against cryptocurrency).
🏦 "I will never allow the creation of CBDC and will stop Joe Biden's crusade to destroy cryptocurrencies," concluded Trump.
In addition, he said he would pardon Ross Ulbricht, the creator of the darknet marketplace Silk Road. 🧐
Your turn, old Joe! 😁
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The Bitcoin white paper has returned to the BitcoinOrg website.
👀 In 2021, Craig Wright stated that he was Satoshi Nakamoto and sued the owner of the BitcoinOrg website, pseudonymously known as Cøbra, for copyright infringement.
😳 Amid the lawsuit, the site administrators were forced to remove the Bitcoin white paper.
⚖️ After the court ruled that Wright is not the creator of Bitcoin, BitcoinOrg was able to get back the original document.
👀 In 2021, Craig Wright stated that he was Satoshi Nakamoto and sued the owner of the BitcoinOrg website, pseudonymously known as Cøbra, for copyright infringement.
😳 Amid the lawsuit, the site administrators were forced to remove the Bitcoin white paper.
⚖️ After the court ruled that Wright is not the creator of Bitcoin, BitcoinOrg was able to get back the original document.
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Latest Ethereum News
▪️The volume of staked Ethereum has exceeded 32 million coins, making up ~27% of the total ETH supply. At current prices, this amounts to $121 billion.
▪️Ethereum developers will implement the Pectra update, featuring EIP-3074, in Q1 2025. This update will introduce new wallet capabilities, including the recovery of lost keys.
▪️Bloomberg analysts predict that the demand for an Ethereum ETF will be around 20-25% of the demand for a Bitcoin ETF. This forecast is based on the fact that the Ethereum market is about 30% the size of the Bitcoin market. Additionally, these new instruments will not allow staking of ETH.
▪️The price of Ethereum, in the absence of bad news, has returned to the $3900 range. The founder of DeFiance Capital predicts ETH will reach $4500 before the listing of spot Ethereum ETFs. 👀Subscribers of WuBlockchain on Chinese Twitter believe that Ethereum can rise to $10,000 in this cycle.
▪️The volume of staked Ethereum has exceeded 32 million coins, making up ~27% of the total ETH supply. At current prices, this amounts to $121 billion.
▪️Ethereum developers will implement the Pectra update, featuring EIP-3074, in Q1 2025. This update will introduce new wallet capabilities, including the recovery of lost keys.
▪️Bloomberg analysts predict that the demand for an Ethereum ETF will be around 20-25% of the demand for a Bitcoin ETF. This forecast is based on the fact that the Ethereum market is about 30% the size of the Bitcoin market. Additionally, these new instruments will not allow staking of ETH.
▪️The price of Ethereum, in the absence of bad news, has returned to the $3900 range. The founder of DeFiance Capital predicts ETH will reach $4500 before the listing of spot Ethereum ETFs. 👀Subscribers of WuBlockchain on Chinese Twitter believe that Ethereum can rise to $10,000 in this cycle.
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TVL of the TON blockchain exceeds $300 million
💰The total value locked (TVL) in The Open Network (TON) has reached $317 million.
📈 This parabolic growth has been observed since the beginning of March. The influx of liquidity is mostly attributed to the liquid staking program Tonstakers and the decentralized exchange Ston.fi.
💰The total value locked (TVL) in The Open Network (TON) has reached $317 million.
📈 This parabolic growth has been observed since the beginning of March. The influx of liquidity is mostly attributed to the liquid staking program Tonstakers and the decentralized exchange Ston.fi.
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Friend.tech Token Plummets as Co-Founder Hints at Leaving Base
📉 The native token for Web3 social network Friend.tech, $FRIEND, dropped sharply today after co-founder Racer expressed a desire👀 to leave Base, Coinbase's Ethereum Layer-2 network hosting the project. Racer posted a $200K bounty for a solution to migrate Friend.tech off Base without disrupting users.
👀 Racer cited a rocky relationship with Base, highlighting friction with Farcaster investors and feeling ostracized from the Base community. 🤷 Jesse Pollak, head of Base, acknowledged the team's feelings of isolation and expressed support for their decision, emphasizing the decentralized nature of the ecosystem.
⬇️ Following these developments, $FRIEND's value plummeted by around 20%.
📉 The native token for Web3 social network Friend.tech, $FRIEND, dropped sharply today after co-founder Racer expressed a desire👀 to leave Base, Coinbase's Ethereum Layer-2 network hosting the project. Racer posted a $200K bounty for a solution to migrate Friend.tech off Base without disrupting users.
👀 Racer cited a rocky relationship with Base, highlighting friction with Farcaster investors and feeling ostracized from the Base community. 🤷 Jesse Pollak, head of Base, acknowledged the team's feelings of isolation and expressed support for their decision, emphasizing the decentralized nature of the ecosystem.
⬇️ Following these developments, $FRIEND's value plummeted by around 20%.
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✋ Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel. Now let's move on to today's giveaway.
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Telegram
Daily Drops
Every day crypto 🐲 drops! Subscribe to everyday earnings!
👾514👍162❤76🥰24👎12🔥5😭3👏2😈2