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Last Notes

2024-09-15 09:26:10

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Summary of Circle predicts stablecoins will become mainstream global payment method
#nevent1q…afsq
Circle's chief strategy officer, Dante Disparte, believes stablecoins will become mainstream money, but also emphasizes the need for harmonized global regulations. He also discusses the importance of the US stablecoin bill and the European Union's MiCA regulation.

2024-09-15 09:26:10

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Bullet points of Circle predicts stablecoins will become mainstream global payment method
- Circle's USDC is the world's second-largest stablecoin
- Dante Disparte believes stablecoins will become mainstream money
- Harmonized global regulations are necessary for stablecoin issuers
- The US stablecoin bill is essential for promoting safe competition in the payments industry
- The European Union's MiCA regulation provides legal and regulatory clarity for stablecoins

2024-09-01 16:17:50

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Summary of Bitcoin loses 8.6% in August as September starts with fresh 2-week low
#nevent1q…u3me
The Bitcoin (BTC) price fell by over 2% on September 1, with the monthly close turning out to be 'ugly' for bulls. The price dropped to $57,230 on Bitstamp, a level last seen on August 16. The market is experiencing low liquidity, making it a challenging environment for buyers. Traders are expecting a possible 'liquidity grab' in the coming days, with some targeting $61,300 as a potential upside target.

2024-08-27 05:51:45

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Summary of BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses
#nevent1q…a9qj
BlackRock's Bitcoin exchange-traded fund (ETF) recorded its largest daily net inflow in 35 days, with buyers seemingly taking advantage of Bitcoin's small slide under $64,000 after a weekly rally.

2024-08-27 05:51:45

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Bullet points of BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses
- IBIT Bitcoin fund had its biggest inflow day since July 22
- Bitcoin slipped back under $64,000 following a weekly rally
- IBIT recorded a $224.1 million net inflow, its largest since July 22
- 11 US spot Bitcoin ETFs recorded a $202.6 million daily joint net inflow
- US-based Ether ETFs saw joint net outflows of $13.2 million

2024-08-27 05:21:45

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Summary of Elon Musk voices support for sweeping AI safety regulations
#nevent1q…mg4j
Billionaire Elon Musk supports California's SB 1047 AI safety bill, which requires AI developers to implement safety protocols and an 'emergency stop' button, despite opposition from some in Silicon Valley who worry it could stifle innovation.

2024-08-27 05:21:45

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Bullet points of Elon Musk voices support for sweeping AI safety regulations
- Elon Musk has voiced his support for the California AI safety bill (SB 1047), which requires AI developers to implement safety protocols and an 'emergency stop' button for AI models.
- The bill has faced opposition from Silicon Valley leaders, including OpenAI's chief strategy officer Jason Kwon, who warned it could stifle innovation and drive talent out of California.
- AI safety advocates have defended the bill, with California State Senator Scott Wiener arguing it's essential for safeguarding public safety and national security.
- The bill also requires annual third-party audits of AI safety practices and the creation of a new Frontier Model Division (FMD) to oversee compliance.
- Some critics, like Guillaume Verdon, have expressed concerns that the bill could lead to government control over AI and limit innovation.
- Elon Musk has advocated for AI regulation for over 20 years, comparing it to regulating other products that pose a risk to the public.
- The bill has also received opposition from Speaker Emerita Nancy Pelosi, Representative Zoe Lofgren, and VC and Big Tech giants Andreessen Horowitz and Meta.

2024-08-27 03:36:45

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Summary of Mark Zuckerberg says he ‘regrets’ bowing to COVID-19 censorship pressure
#nevent1q…k2ve
Meta CEO Mark Zuckerberg has alleged that the Biden administration pressured Facebook to censor COVID-19 content, including humor and satire, during the pandemic. He regrets falling to these demands and believes government pressure was wrong. Zuckerberg also expressed regret over demoting a story involving Russian disinformation and Hunter Biden's laptop in 2020.

2024-08-27 03:36:45

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Bullet points of Mark Zuckerberg says he ‘regrets’ bowing to COVID-19 censorship pressure
- Meta CEO Mark Zuckerberg alleged that the Biden administration pressured Facebook to censor COVID-19 content during the pandemic, including humor and satire
- Zuckerberg regrets the company's decision to censor content and believes the government pressure was wrong
- He also expressed regret over demoting a story involving Russian disinformation and Hunter Biden's laptop in 2020, citing the need for 'hindsight and new information'
- Zuckerberg emphasized that the company should not compromise its content standards due to pressure from any administration
- The letter sparked reactions from free-speech advocates, with some calling for officials who pressured media companies to be held accountable
- US Senator Mike Lee questioned why Zuckerberg's regret came years after the fact, rather than before
- Elon Musk praised Zuckerberg's confession of regret as 'a step in the right direction' and reiterated his commitment to supporting all viewpoints on X
- The controversy highlights ongoing debates about content moderation and free speech on social media platforms

2024-08-27 03:23:25

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Summary of French authorities can hold Pavel Durov until Aug. 28
#nevent1q…lwk8
French prosecutors have arrested Telegram founder and CEO Pavel Durov, extending his custody for questioning regarding alleged illicit activities linked to cryptology services. President Emmanuel Macron denied political motives, emphasizing France's dedication to freedom of expression amidst social media speculation. The developing investigation targets charges of complicity in illegal activities, money laundering, and operating cryptology services without declaration. Stay informed on related crypto laws and updates through the Law Decoded newsletter.

2024-08-27 03:23:25

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Bullet points of French authorities can hold Pavel Durov until Aug. 28
- French prosecutors have arrested Telegram founder and CEO Pavel Durov, extending his custody for questioning regarding alleged illicit activities linked to cryptology services.
- President Emmanuel Macron denied political motives, emphasizing France's dedication to freedom of expression amidst social media speculation.
- The developing investigation targets charges of complicity in illegal activities, money laundering, and operating cryptology services without declaration.
- Stay informed on related crypto laws and updates through the Law Decoded newsletter.

2024-08-27 02:40:05

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Summary of Martin Shkreli must give up copies of one-off Wu-Tang album, says judge
#nevent1q…y3lc
Martin Shkreli, also known as 'Pharma Bro', has been ordered to surrender any digital copies of the Wu-Tang Clan's album 'Once Upon a Time in Shaolin' amid a legal dispute with PleasrDAO. The decentralized autonomous organization (DAO) owns the physical album and is selling partial ownership through non-fungible tokens (NFTs). Shkreli's lawyer claims the order is a preliminary measure and has no bearing on the final outcome of the case.

2024-08-27 02:40:05

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Bullet points of Martin Shkreli must give up copies of one-off Wu-Tang album, says judge
- Martin Shkreli has been ordered to hand over any digital copies of the Wu-Tang Clan's album 'Once Upon a Time in Shaolin'
- The album was seized from Shkreli by the Justice Department in 2018 after his conviction for securities fraud
- PleasrDAO is selling partial ownership of the album through non-fungible tokens (NFTs)
- Shkreli's lawyer claims the order is a preliminary measure and has no bearing on the final outcome of the case

2024-08-27 02:12:26

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Summary of Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined
#nevent1q…pxe0
The article discusses the latest developments in the decentralized finance (DeFi) sector, including the launch of Parity's Web3 individuality solution, 'Proof-of-Ink', and the potential for a DeFi resurgence due to declining interest rates and rising Bitcoin investments. Additionally, it covers other news and updates in the DeFi space, such as Franklin Templeton expanding its blockchain fund to the Avalanche network and a crypto phishing attack draining $55 million from a whale's wallet.

2024-08-27 02:12:26

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Bullet points of Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined
- Parity's upcoming tattoo-based Web3 individuality solution, 'Proof-of-Ink', may be a crucial missing element for mainstream Web3 adoption
- Declining interest rates and rising Bitcoin investments may lead to a DeFi resurgence
- Franklin Templeton expands its blockchain fund to the Avalanche network
- A crypto phishing attack drains $55 million from a whale's wallet

2024-08-27 01:58:45

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Summary of SEC charges siblings over $60M Ponzi touting a crypto trading bot
#nevent1q…f33w
The US SEC has charged two brothers, Jonathan and Tanner Adam, with operating a $60 million crypto Ponzi scheme. They promised investors 13.5% monthly returns with a non-existent crypto trading bot and used $53.9 million to fund their lavish lifestyles, including buying cars, trucks, and a $30 million condominium.

2024-08-27 01:58:45

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Bullet points of SEC charges siblings over $60M Ponzi touting a crypto trading bot
- The SEC has charged two brothers, Jonathan Adam and Tanner Adam, with operating a $60 million crypto Ponzi scheme featuring a non-existent crypto trading bot.
- The brothers lured over 80 investors with promises of 13.5% monthly returns, claiming their bot identified arbitrage trading opportunities and could exploit tiny price differences across different markets.
- The SEC alleges that the brothers misused $53.9 million of the $61.5 raised, using the funds to fund their lavish lifestyles, including purchasing cars, trucks, and a $30 million condominium.
- The scheme was fraudulent, with the bot never existing, and the brothers making Ponzi-like payments to investors and using funds for personal expenses.
- The SEC has obtained emergency asset freezes for the brothers' companies, GCZ Global, LLC, and Triten Financial Group LLC, and is seeking permanent injunctions, the forfeiture of funds, and civil penalties.
- Jonathan Adam misrepresented his background to gain investors' trust and didn't disclose three previous convictions for securities fraud.
- The SEC claims the brothers' scheme is an example of a larger issue, with $7.8 billion paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022.

2024-08-27 01:55:45

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Summary of Base hits 1M daily active addresses as Basenames takes off
#nevent1q…3l8t
Coinbase's layer-2 network Base has reached a record 1.03 million daily active addresses, driven by the growth of its 'basenames' service. The service allows users to purchase a name tied to their Base wallet address, making communication more accessible. The network has also seen growth in financial activity, with a 9.25% share of total DEX volume on Ethereum.

2024-08-27 01:55:45

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Bullet points of Base hits 1M daily active addresses as Basenames takes off
- Base reached a record 1.05 million daily active addresses on Aug. 24
- The 'basenames' service has seen over 200,000 new usernames minted in the first week
- The Base network has a 9.25% share of total DEX volume on Ethereum
- The network has notched a record 4 million weekly active addresses amid the 'Onchain Summer' campaign

2024-08-27 01:14:27

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Bullet points of French authorities to issue statement on Pavel Durov’s detention
- French authorities detained Telegram CEO Pavel Durov at an airport outside of Paris on August 24, reportedly on charges related to the Telegram messaging app's lack of moderation.
- As of August 25, there is no official confirmation that Durov has been placed under arrest or charged with crimes, with authorities only confirming his detention.
- The Russian embassy has requested access to Durov and clarification on the details surrounding his detention, with the French side reportedly avoiding cooperation.
- The detention has led to a dip in the price of TON, but has also sparked a wave of support for Durov among the cryptocurrency and Telegram communities.
- Elon Musk and others have taken to social media to express support for Durov, using the hashtag #FreeDurov and sharing supportive messages.
- Telegram has issued a statement denying any wrongdoing and stating that its moderation is within industry standards and constantly improving.
- The company is awaiting a prompt resolution of the situation and has assured its users that it is committed to providing a means of communication and source of vital information.

2024-08-27 01:14:27

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Summary of French authorities to issue statement on Pavel Durov’s detention
#nevent1q…slca
French authorities detained Telegram CEO Pavel Durov at an airport outside of Paris on August 24, but it remains unclear if he has been officially arrested or charged. The Russian embassy has requested access to Durov and clarification on his detention, but French authorities have not cooperated. The detention has sparked a wave of support for Durov on social media, with many calling for his release and questioning the motives behind his detention.

2024-08-26 23:44:07

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Bullet points of Cyberattacks target French government websites: Report
- French authorities arrested Telegram founder Pavel Durov, sparking backlash from the crypto community and free speech activists.
- Multiple French government websites went offline in a suspected DDoS attack, believed to be linked to a Russian hacker group.
- French President Emmanuel Macron claimed the arrest was not political, but the statement was met with widespread criticism from the crypto community and free speech activists.
- Former VanEck director Gabor Gurbacs questioned the arrest, saying it was not in line with the 'rule of law' and 'freedom of expression'.
- Industry leaders such as Ethereum co-founder Vitalik Buterin and billionaire Elon Musk called for Durov's release, citing concerns over the future of software and comms freedom in Europe.
- French prosecutors can hold Durov until August 28 for questioning regarding crimes committed by an 'unnamed person' allegedly operating on the Telegram platform.
- Durov has not been formally charged with a crime and has not demonstrated legal wrongdoing at this time.

2024-08-26 23:44:07

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Summary of Cyberattacks target French government websites: Report
#nevent1q…nyad
French authorities arrested Telegram founder Pavel Durov, sparking backlash from the crypto community and free speech activists. Multiple government websites went offline in a suspected DDoS attack linked to a Russian hacker group. Macron claimed the arrest was not political, but critics argue it undermines freedom of speech and expression.

2024-08-26 23:21:24

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2024-08-26 23:21:24

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2024-08-26 22:33:05

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Summary of President Trump and New York governor propose shift to nuclear energy
#nevent1q…lmxc
Nuclear energy plants produce a significant amount of energy throughout their lifetimes, and former President Donald Trump and New York Governor Kathy Hochul have proposed pivoting to nuclear energy to meet climate goals. Poland, Sweden, and China are also investing in nuclear power. Access to nuclear energy could reduce the costs of Bitcoin mining and democratize the mining sector.

2024-08-26 22:33:05

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Bullet points of President Trump and New York governor propose shift to nuclear energy
- Nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes.
- Former President Donald Trump and New York Governor Kathy Hochul have proposed pivoting to nuclear energy to meet climate goals.
- Poland, Sweden, and China are investing in nuclear power.
- Access to nuclear energy could reduce the costs of Bitcoin mining and democratize the mining sector.

2024-08-26 22:04:05

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Summary of France’s Macron denies Pavel Durov arrest was ‘political’
#nevent1q…h65d
French President Emmanuel Macron has stated that the arrest of Telegram founder Pavel Durov was 'part of an ongoing judicial investigation' and not a political decision, in response to 'false information' being spread on social media.

2024-08-26 22:04:05

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Bullet points of France’s Macron denies Pavel Durov arrest was ‘political’
- Telegram founder Pavel Durov was arrested at Le Bourget airport in Paris on August 24.
- French President Emmanuel Macron stated that the arrest was 'part of an ongoing judicial investigation' and not a political decision.
- Macron's statement was issued in response to 'false information' being spread on social media about alleged violations of free speech.
- Telegram issued a statement expressing its support for Durov and hope for a quick resolution.
- The arrest has sparked speculation on social media about potential charges against Durov.

2024-08-26 21:17:26

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Bullet points of Rumble boss says he 'departed' from Europe after Telegram CEO arrest
- Rumble founder Chris Pavlovski left Europe due to threats following Telegram CEO's arrest.
- Pavlovski expressed concerns over France's actions against Telegram and Rumble.
- Rumble, known as a YouTube alternative for conservatives, blocked access to French users after being asked to remove certain Russian news sources.
- The arrest of Telegram's CEO Pavel Durov highlights concerns over platform moderation and legal challenges with governments.
- French authorities have not issued a public statement on Durov's arrest.

2024-08-26 21:17:26

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Summary of Rumble boss says he 'departed' from Europe after Telegram CEO arrest
#nevent1q…z7vg
Rumble founder Chris Pavlovski left Europe due to threats following Telegram CEO's arrest. Pavlovski expressed concerns over France's actions against Telegram and Rumble. Rumble, known as a YouTube alternative for conservatives, blocked access to French users after being asked to remove certain Russian news sources. The arrest of Telegram's CEO Pavel Durov highlights concerns over platform moderation and legal challenges with governments. French authorities have not issued a public statement on Durov's arrest.

2024-08-26 20:20:05

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Summary of PayPal's PYUSD stablecoin hits $1B market cap
#nevent1q…mltq
PayPal's PYUSD stablecoin has reached $1 billion in market capitalization, backed 1:1 by US dollars and issued by Paxos Trust Company. It competes with other regulated stablecoins like USDC and USDT, and PayPal is expanding its accessibility through partnerships with other companies.

2024-08-26 20:20:05

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Bullet points of PayPal's PYUSD stablecoin hits $1B market cap
- PYUSD is a USD-pegged stablecoin backed 1:1 by US dollars and issued by Paxos Trust Company.
- It is the only stablecoin supported on PayPal's payment rails and is designed to be easily onboarded by cryptocurrency exchanges.
- PYUSD has reached $1 billion in market capitalization, competing with other regulated stablecoins like USDC and USDT.
- PayPal is expanding its accessibility through partnerships with other companies, including Anchorage Digital, Crypto.com, Phantom, and Paxos.

2024-08-26 20:16:25

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Bullet points of Price analysis 8/23: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
- Bitcoin (BTC) rose above the overhead resistance near $63,000, and bulls are now ready to push prices higher.
- The Federal Reserve Chair Jerome Powell confirmed that interest rates will start to come down, boosting risk assets.
- Bitcoin must cross and maintain above the $62,000 level to avoid a retest of $49,000, according to a technical market update from Kraken.
- The price action suggests a corrective pattern rather than a strong bullish reversal.
- Bitcoin remains stuck inside the large range between $55,720 and $73,777, with price swings between the support and resistance levels.
- The bulls are trying to maintain the price above the 50-day simple moving average ($61,440), and if they succeed, the BTC/USDT pair could rally to $65,660 and later to the psychological resistance at $70,000.
- Ether (ETH) has been squeezed between the 20-day EMA ($2,700) and the horizontal support at $2,500 for the past few days, and the failure to sink the price below $2,500 increases the likelihood of a break above the 20-day EMA.
- The top 10 cryptocurrencies are showing mixed signals, with some pairs attempting to rise above key resistance levels, while others are struggling to sustain above support levels.

2024-08-26 20:16:25

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Summary of Price analysis 8/23: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
#nevent1q…gym6
Bitcoin (BTC) rose above the overhead resistance near $63,000 and bulls are ready to push prices higher. The Federal Reserve Chair Jerome Powell confirmed interest rate cuts, boosting risk assets. The top 10 cryptocurrencies are analyzed, with Bitcoin, Ether, BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, Avalanche, and Shiba Inu showing mixed trends.

2024-08-26 20:03:45

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Summary of French authorities can hold Pavel Durov until Aug. 28
#nevent1q…lwk8
French prosecutors arrested Telegram founder and CEO Pavel Durov on August 24 as part of an investigation into unnamed individual's cryptology services and complicity with illicit activities. The charges include refusal to communicate with authorities, money laundering, and providing cryptology services without declaration.

2024-08-26 20:03:45

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Bullet points of French authorities can hold Pavel Durov until Aug. 28
- French prosecutors arrested Telegram founder and CEO Pavel Durov on August 24 as part of an investigation into an unnamed individual's cryptology services and complicity with illicit activities.
- Durov was taken into custody on charges including complicity with illegal activities, refusal to communicate with authorities, money laundering, criminal association, and providing cryptology services without prior declaration.
- The investigation aims to question Durov and has extended his custody from August 25 to August 28.
- French President Emmanuel Macron denied the arrest was a political decision, stating that France is 'deeply committed to freedom of expression'.
- The arrest was announced after Macron responded to 'false information' on social media about Durov's arrest.
- The case is ongoing, and further information will be added as it becomes available.

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Summary of Telegram CEO Pavel Durov arrested in France: Law Decoded
#nevent1q…tf6c
The article discusses the arrest of Telegram's CEO Pavel Durov in France, amid growing legal challenges facing the crypto industry. It also mentions lawsuits against Binance, Kraken, and Coinbase, as well as Germany's crackdown on unlicensed crypto ATMs. The article highlights the increasing scrutiny of tech leaders and the need for regulation in the crypto market.

2024-08-26 19:11:45

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Bullet points of Telegram CEO Pavel Durov arrested in France: Law Decoded
- Pavel Durov, the CEO and founder of Telegram, was arrested in France on August 24, amid growing legal challenges facing the crypto industry.
- Binance and CZ are facing a new class-action lawsuit in Seattle, accusing them of misleading investors and violating US securities laws.
- A US court denied Kraken's motion to dismiss a lawsuit filed by the Securities and Exchange Commission, accusing the exchange of offering unregistered securities.
- Germany's BaFin regulator has intensified its crackdown on unlicensed crypto ATMs, shutting down several machines and seizing 13 automated cash kiosks from 35 locations.
- The arrest of Telegram's CEO and the legal challenges facing major cryptocurrency exchanges, such as Binance and Kraken, highlight the growing legal pressures on the crypto industry.
- The crypto industry is facing increased scrutiny from regulators, with authorities seeking to ensure compliance with Anti-Money Laundering regulations and data privacy concerns.
- The legal challenges facing the crypto industry may lead to a more regulated and transparent market, but it also raises concerns about the impact on innovation and the future of the industry.

2024-08-26 18:49:45

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Summary of Abra settles with SEC over unregistered securities charges
#nevent1q…4ntm
The United States Securities and Exchange Commission (SEC) announced that cryptocurrency platform Abra had agreed to a settlement over allegations the firm did not register the offers and sales of its lending product, Abra Earn. The SEC filed charges against the lending platform for failing to register the offers and sales of Abra Earn and operating as an unregistered investment company.

2024-08-26 18:49:45

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Bullet points of Abra settles with SEC over unregistered securities charges
- Abra agreed to pay civil penalties to be determined by a court
- Abra agreed to an injunction prohibiting the firm from violating securities laws
- Abra allegedly sold its own securities while skirting applicable Investment Company Act provisions
- Abra marketed its Earn service as a way for investors to earn interest 'auto-magically'

2024-08-26 18:31:24

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Summary of Bitcoin’s weekend rally fizzles under $64K — Pro traders take neutral positions
#nevent1q…awk5
Despite a 6.2% price gain, Bitcoin derivatives traders are cautious due to lingering skepticism about the sustainability of the trend. Market participants attribute the crypto market's behavior to ongoing macroeconomic factors, including the US Federal Reserve's decision on interest rates in September. The yield on the US Treasury 2-year note is nearing its lowest level since May 2023, indicating that buyers are becoming more aggressive, accepting lower returns. The market is seeking protection in assets considered safe while holding on to expectations of positive impacts from second-quarter corporate earnings. However, this scenario tends to be unfavorable for Bitcoin, primarily because most investors still perceive it as a risk-on asset.

2024-08-26 18:31:24

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Bullet points of Bitcoin’s weekend rally fizzles under $64K — Pro traders take neutral positions
- Bitcoin's price has recovered to $63,000, but derivatives traders remain skeptical.
- Market participants attribute the crypto market's behavior to ongoing macroeconomic factors.
- The yield on the US Treasury 2-year note is nearing its lowest level since May 2023.
- The market is seeking protection in assets considered safe while holding on to expectations of positive impacts from second-quarter corporate earnings.
- Bitcoin's correlation with equities has varied over time and rarely exceeds a correlation duration of more than five months.

2024-08-26 18:31:05

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Bullet points of Rumpel Labs to launch platform for tokenizing airdrop points
- Rumpel Labs is launching a new DeFi protocol to enable users to tokenize and trade airdrop points.
- The protocol aims to address longstanding limitations of airdrops, including token underperformance and contention over arbitrary payouts.
- Rumpel seeks to create a market for tokenized airdrop points, allowing users to wrap each earned point into a Rumpel Point Token and sell, buy, or issue points with greater transparency around their tangible value.

2024-08-26 18:31:05

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Summary of Rumpel Labs to launch platform for tokenizing airdrop points
#nevent1q…fdjk
Rumpel Labs is launching a new decentralized finance (DeFi) protocol in September to enable users to tokenize and trade airdrop points. The protocol aims to address longstanding limitations of airdrops, including token underperformance and contention over arbitrary payouts. Rumpel seeks to create a market for tokenized airdrop points, allowing users to wrap each earned point into a Rumpel Point Token and sell, buy, or issue points with greater transparency around their tangible value.

2024-08-26 18:23:45

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2024-08-26 18:23:45

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2024-08-26 18:14:53

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Bullet points of Is it time for Avalanche (AVAX) price to turn bullish?
- Avalanche's price has gained 16%+ in the last week
- Positive news and token unlock schedule may be contributing to the gain
- Experts caution that the rally may not be sustainable without sustained spot buying volumes and margined long positions

2024-08-26 18:14:53

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Summary of Is it time for Avalanche (AVAX) price to turn bullish?
#nevent1q…p0nv
Avalanche's price has surged 45% in the past two weeks, with some attributing the gain to positive news and token unlock schedule. However, experts caution that the rally may not be sustainable without sustained spot buying volumes and margined long positions.

2024-08-26 18:12:31

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2024-08-26 18:12:31

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2024-08-26 18:00:45

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Bullet points of Bitcoin miner Rhodium files for bankruptcy in Texas court
- Rhodium Enterprises, a Bitcoin mining firm, has filed for voluntary bankruptcy under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas.
- The company's debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
- Rhodium failed to repay $54 million in loans owed to lenders in July, leading to financial distress under the company's umbrella.
- The company will be able to reorganize its debts while continuing operations under Chapter 11 voluntary bankruptcy, allowing it to negotiate a repayment plan under revised terms.
- Rhodium is one of the crypto miners severely affected by the last bear market, with competitor Rio Platforms filing a lawsuit against Rhodium Enterprises to recover unpaid fees.
- Bitcoin miner profits have sharply declined due to the halving event in April, squeezing profit margins and straining miners' financial performance.

2024-08-26 18:00:45

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Summary of Bitcoin miner Rhodium files for bankruptcy in Texas court
#nevent1q…k7km
Rhodium Enterprises, a Bitcoin mining firm, has filed for voluntary bankruptcy under Chapter 11 in the US, revealing liabilities of up to $100 million and debts ranging from $50 million to $100 million, while its total assets are estimated between $100 million and $500 million.

2024-08-26 17:25:28

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Summary of Telegram is under investigation in India: Report
#nevent1q…wude
The investigation is focused on instances of gambling, extortion, and other illegal activities on the platform. The arrest of Telegram co-founder Pavel Durov in France has sparked concerns about the platform's content moderation policies and its potential involvement in illegal activities.

2024-08-26 17:25:28

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Bullet points of Telegram is under investigation in India: Report
- India has an estimated 104 million Telegram users, the largest user base globally.
- The Ministry of Home Affairs and Ministry of Electronics and Information Technology are investigating Telegram for alleged illegal activities.
- The investigation is focused on instances of gambling, extortion, and other illegal activities on the platform.
- The arrest of Telegram co-founder Pavel Durov in France has sparked concerns about the platform's content moderation policies and its potential involvement in illegal activities.

2024-08-26 17:25:26

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Bullet points of EigenLayer’s EigenDA to support layer-2 native token restaking
- EigenDA, a data availability protocol on EigenLayer, now supports native token restaking for layer-2 scaling networks, in addition to Ether and EIGEN token.
- Teams can restake their ERC-20 tokens to secure custom quorums for their rollup, enhancing security for rollup users and token yield for token holders.
- EigenDA aims to make reliable, scalable, and secure data availability abundant, reducing the costs of storing and accessing onchain data for Ethereum's layer-2 scaling solutions.
- Restaking involves taking a token that has already been staked and using it to secure other protocols simultaneously, with EigenLayer currently commanding almost $12.75 billion in TVL.
- Native token restaking on EigenDA allows layer-2 protocols to create custom consensus mechanisms for securely storing and accessing data, expanding the array of tokens that earn yield from restaking.
- The protocol is secured by 3.6 million restaked ETH and 71.5 million EIGEN contributed by over 128,000 stakers, making it the largest 'actively validated service' (AVS) on EigenLayer.

2024-08-26 17:25:26

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Summary of EigenLayer’s EigenDA to support layer-2 native token restaking
#nevent1q…48uf
EigenDA, a data availability protocol on EigenLayer, now supports native token restaking for layer-2 scaling networks, allowing teams to restake ERC-20 tokens and earn yield, securing stronger security for rollup users and token holders.

2024-08-26 17:25:25

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Bullet points of US authorities oppose ex-FTX exec’s motion to void plea deal
- Ryan Salame's petition to void his guilty plea will be opposed by the US Attorney's Office
- Salame claimed prosecutors implied they would not investigate his partner, Michelle Bond
- The office says this is a false allegation

2024-08-26 17:25:25

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Summary of US authorities oppose ex-FTX exec’s motion to void plea deal
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The US Attorney's Office has filed a response to Ryan Salame's petition to void his guilty plea in a campaign finance violation case. Salame claimed that prosecutors implied they would not investigate his partner, Michelle Bond, but the office says this is a false allegation.

2024-08-26 17:25:05

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Bullet points of Price analysis 8/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
- Bitcoin has dropped an average of 4.78% since 2013
- Investors are buying Bitcoin-related exchange-traded products (ETPs)
- The S&P 500 Index has continued its upward trend
- The US Dollar Index has fallen below its crucial support level
- The article provides technical analysis and insights on the potential future movements of various cryptocurrencies

2024-08-26 17:25:05

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Summary of Price analysis 8/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
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The article discusses the current state of the cryptocurrency market, including Bitcoin, Ethereum, and other altcoins. It provides technical analysis and insights on the potential future movements of these cryptocurrencies.

2024-08-26 16:43:05

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Summary of Ethereum's 40-month slump vs. Bitcoin won't end in a dollar 'freefall' scenario
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The article discusses the decline of Ether (ETH) against Bitcoin (BTC) since the start of 2024 and the factors contributing to its bearish outlook. The growing positive correlation between ETH/BTC and the US dollar Index (DXY) is a key factor, as traders have shifted away from Ether and towards Bitcoin. The article also mentions the launch of Bitcoin-focused spot exchange-traded funds (ETFs) in the US and the tepid response to Ether's ETF launches. Additionally, the article notes that the US Dollar Index broke below a multi-month horizontal support rate, which could lead to a further decline in the dollar and a stronger positive correlation with DXY.

2024-08-26 16:43:05

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Bullet points of Ethereum's 40-month slump vs. Bitcoin won't end in a dollar 'freefall' scenario
- Ether (ETH) has fallen 25% against Bitcoin (BTC) since the start of 2024.
- The growing positive correlation between ETH/BTC and the US dollar Index (DXY) is a key factor in Ether's bearish outlook.
- Traders have shifted away from Ether and towards Bitcoin.
- The launch of Bitcoin-focused spot exchange-traded funds (ETFs) in the US has contributed to the decline of Ether.
- The US Dollar Index broke below a multi-month horizontal support rate, which could lead to a further decline in the dollar.

2024-08-26 16:42:46

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2024-08-26 16:42:46

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2024-08-26 14:50:05

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Bullet points of Bitcoin liquidity sinks to $62.5K as BTC price struggles at US open
- Analysts warn of a short-term correction in Bitcoin's price
- Signs of weakness show on low timeframes
- Popular market commentators and traders share their concerns
- Some warn of a possible 'Bart Simpson' maneuver
- QCP Capital expects the price to maintain a range between $62,000 and $67,000 in the near term

2024-08-26 14:50:05

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Summary of Bitcoin liquidity sinks to $62.5K as BTC price struggles at US open
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Bitcoin's price movement was stagnant at the Wall Street open on August 26, with analysts warning of a short-term correction. The price remained below $64,000, with signs of weakness showing on low timeframes. Popular market commentators and traders shared their concerns, with some warning of a possible 'Bart Simpson' maneuver, where the price would gap lower to its position from late last week. Others, such as QCP Capital, expected the price to maintain a range between $62,000 and $67,000 in the near term.

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Summary of Crypto-Sec: DeFi Saver ownership phish, iVest shuts down after attack, plus hackathon clipboard hijack
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The article reports on three separate incidents in the cryptocurrency and blockchain space: a phishing attack on a DeFi Saver user, a clipboard hijacking incident at a hackathon, and a new Windows vulnerability. The phishing attack resulted in the loss of $55 million, while the clipboard hijacking incident was prevented due to the quick action of a fellow participant. The article also discusses the importance of verifying contract addresses and checking for malware.

2024-08-26 14:22:05

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Bullet points of Crypto-Sec: DeFi Saver ownership phish, iVest shuts down after attack, plus hackathon clipboard hijack
- A DeFi Saver user lost $55 million in a phishing attack
- A clipboard hijacker was discovered at a hackathon
- A new Windows vulnerability was found, allowing malware to bypass Smart Screen protections

2024-08-26 14:14:46

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Summary of RFK Jr says he is suspending, not terminating presidential campaign
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Robert F. Kennedy Jr., an independent presidential candidate, announced he is not dropping out of the 2024 race, criticizing the Democratic Party and media outlets. He will remove himself from the ballot in 10 battleground states to avoid being a 'spoiler' for Harris or Trump, but will remain on the ballot in most states, urging supporters to vote for him in November.

2024-08-26 14:14:46

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Bullet points of RFK Jr says he is suspending, not terminating presidential campaign
- Independent presidential candidate Robert F. Kennedy Jr. announced he is not dropping out of the 2024 race, despite filing a statement of withdrawal with the Arizona Secretary of State.
- Kennedy said he is 'simply suspending' his campaign, not ending it, and will remain on the ballot in most states, but remove himself from ten battleground states to avoid being a 'spoiler' for Harris or Trump.
- He criticized the Democratic Party and media outlets, saying he believes he would have won the election in an 'honest system'.
- Kennedy called on supporters to vote for him in November, suggesting a path to victory if Harris and Trump tied with 269 electoral votes.
- The US Constitution states that if no candidate gets a majority of electoral votes, the House of Representatives will vote on a winner from the top three contenders.
- Kennedy's campaign focused on digital assets and blockchain technology, advocating for cryptocurrencies like Bitcoin and opposing a central bank digital currency.
- He suggested putting the national budget on the blockchain, a central issue in his campaign.

2024-08-26 13:23:46

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Bullet points of Rumble boss says he 'departed' from Europe after Telegram CEO arrest
- Chris Pavlovski, founder of Rumble, departed Europe following the arrest of Telegram's CEO and reported threats from France.
- Rumble, an alternative to YouTube, seeks to challenge cancel culture and is recognized for its relaxed content guidelines in contrast to leading platforms.
- Pavlovski highlighted legal disputes in France involving Russian media outlets and asserted that Russia restricted Rumble for refusing to adhere to censorship requests.
- Telegram stood by its content moderation practices in response to accusations of illicit activities occurring on its service.
- No official announcement regarding Durov's detention has been issued by French authorities.

2024-08-26 13:23:46

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Summary of Rumble boss says he 'departed' from Europe after Telegram CEO arrest
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Rumble founder Chris Pavlovski left Europe after the arrest of Telegram's CEO and alleged threats by France. Rumble, a YouTube alternative, aims to defy cancel culture and is known for its loose content rules compared to major platforms. Pavlovski mentioned legal battles in France over Russian news sources and claimed Russia blocked Rumble for not complying with censorship demands. Telegram defended its moderation policies amid allegations of crimes on its platform. French authorities have yet to release a public statement on Durov's arrest.

2024-08-26 13:17:47

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2024-08-26 13:17:47

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2024-08-26 13:14:47

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Summary of 4 reasons why Bitcoin may see $60K before $70K
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Bitcoin's price rose above $62,000 for the first time since August 1 after Federal Reserve Chairman Jerome Powell's dovish speech on potential rate cuts in September. Despite this, the market expected a correction to the $62,000-$60,000 range due to a lack of bullish strength. Bitcoin exchange reserves increased by 2,000 BTC, and liquidity clusters below $65,000 may lead to long liquidations and potentially draw the price downward. The long/short ratio remains under 1, and short traders are maintaining their positions, which could keep prices suppressed. Historically, Q3 returns for Bitcoin are lower than other quarters, and August's average ROI is low.

2024-08-26 13:14:47

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Bullet points of 4 reasons why Bitcoin may see $60K before $70K
- Bitcoin's price reclaimed a position above $62,000 for the first time since August 1 after Federal Reserve chairman Jerome Powell's dovish speech about potential rate cuts in September.
- The market expected an influx of buying pressure, but Bitcoin exchange reserves actually increased by roughly 2,000 BTC over the past week, suggesting additional buy pressure may not be as strong as expected.
- The recent move to $65,000 led to short liquidations of over $140 million, and BTC is now moving toward sweeping long-side liquidity, which could result in over $300 million in long liquidations between $63K and $60K.
- The long/short ratio remains under 1, with short traders forming most of the futures contracts, strengthening the possibility of long liquidations.
- Bitcoin's August average ROI is historically low, with Q3 returns averaging only 6% over the past decade, and September's average ROI is the lowest at -4.78%.
- The market seasonality and factors suggest that a sudden late August surge is unlikely, and Bitcoin may continue to consolidate or experience another correction down to the $62,000-$60,000 range.

2024-08-26 13:08:45

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Summary of Argentina adds Ethereum to Buenos Aires high school curriculum
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The Ministry of Education in Buenos Aires has partnered with ETH Kipu to include Ethereum and blockchain technology in high school curricula, offering blockchain internships to provide hands-on experience to students. The program will train 500 students in Solidity and prepare 30 instructors to provide Ethereum and blockchain training.

2024-08-26 13:08:45

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Bullet points of Argentina adds Ethereum to Buenos Aires high school curriculum
- High schools in Buenos Aires will offer blockchain internships to provide hands-on experience to students.
- The Argentine Ministry of Education collaborated with ETH Kipu to include Ethereum in Buenos Aires's high school curriculum.
- The first course in the program will begin on August 27, training 500 students in Solidity to develop decentralized applications (DApps).
- ETH Kipu will implement an online Solidity course to prepare 30 instructors to provide Ethereum and blockchain training to students.
- Solidity is a high-level programming language used to build smart contracts on the Ethereum blockchain.
- The integration of Ethereum in high schools teaches students about technology and gives them tools to 'shape the future'.
- ETH Kipu is an organization focused on educating Latin America on Ethereum and has conducted an Ethereum workshop that brought together 200 students to learn about the blockchain.

2024-08-26 13:08:44

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Bullet points of Stacks' Nakamoto Upgrade is bringing a new era to Bitcoin DeFi
- Transaction speeds on the Stacks network will see a major boost, with settlement times dropping from 10 to 30 minutes or more to around five seconds.
- The Nakamoto Upgrade will introduce sBTC, a decentralized asset backed 1:1 by Bitcoin, which will facilitate the transfer of BTC between the Bitcoin blockchain and Stacks.
- sBTC will also be used as gas in transactions.
- The upgrade is expected to have a significant impact on the decentralized finance (DeFi) ecosystem and may even pose a challenge to Ethereum.

2024-08-26 13:08:44

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Summary of Stacks' Nakamoto Upgrade is bringing a new era to Bitcoin DeFi
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The Nakamoto Upgrade, set to activate on August 28, will boost transaction speeds on the Stacks network to around five seconds, a 100x improvement, and introduce sBTC, a decentralized asset backed 1:1 by Bitcoin. This upgrade will have a significant impact on the decentralized finance (DeFi) ecosystem and may even pose a challenge to Ethereum.

2024-08-26 13:02:25

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Bullet points of Bitcoin poised for breakout as US money market funds reach $6.2 trillion
- Bitcoin could be on track to a September breakout to new record highs, with significant resistance around $65,000.
- US money market funds have reached a new all-time high of over $6.2 trillion, driven by expectations of an upcoming interest rate cut.
- Lower interest rates could increase investor appetite for risk assets such as Bitcoin and invite more institutional investment.
- Investors are increasingly expecting an interest rate cut from the Federal Reserve at its upcoming meeting on September 18.
- The rate cut expectations could set Bitcoin price up for a rally above $68,000, according to popular analyst Titan of Crypto.
- Bitcoin price could be set for $95,000 after September, according to popular analyst Mikybull.
- Inflows from US spot Bitcoin exchange-traded funds (ETFs) are starting to increase, which is a positive sign for Bitcoin's price action.
- Bitcoin faces significant resistance around $65,000, with a potential rally above liquidating over $528 million worth of cumulative leveraged short positions.

2024-08-26 13:02:25

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Summary of Bitcoin poised for breakout as US money market funds reach $6.2 trillion
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Bitcoin may be poised for a record-breaking price surge due to expectations of an interest rate cut in the US, with some analysts predicting a breakout above $68,000 or even $95,000 in September, but faces significant resistance around $65,000.

2024-08-26 12:54:05

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Summary of India amasses 5M central bank digital currency users
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India's Reserve Bank of India (RBI) governor, Shri Shaktikanta Das, emphasized that the country should not rush to implement a central bank digital currency (CBDC) until it has a comprehensive understanding of its potential impact on users, monetary policy, and the financial system and economy. India has been testing its CBDC pilots, including retail and wholesale segments, with features such as offline and offline programmability, and has amassed five million retail CBDC users and 16 banks.

2024-08-26 12:54:05

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Bullet points of India amasses 5M central bank digital currency users
- India is not in a hurry to implement a central bank digital currency (CBDC)
- The country is testing its CBDC pilots, including retail and wholesale segments
- Features such as offline and offline programmability are being tested
- India has amassed five million retail CBDC users and 16 banks

2024-08-26 12:40:26

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Summary of Vitalik Buterin responds to criticism that Ethereum ‘doesn’t care’ about DeFi
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Ethereum co-founder Vitalik Buterin responds to accusations that he neglects decentralized finance (DeFi), defending his views on the importance of sustainability and core principles of the Ethereum ecosystem. He emphasizes his support for useful and sustainable applications, including DEXes, decentralized stablecoins, and Polymarket, while criticizing temporary and unsustainable trends in DeFi.

2024-08-26 12:40:26

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Bullet points of Vitalik Buterin responds to criticism that Ethereum ‘doesn’t care’ about DeFi
- Ethereum co-founder Vitalik Buterin responded to accusations that he doesn't care about decentralized finance (DeFi), defending his views on the importance of sustainability and core principles of the Ethereum ecosystem.
- Buterin emphasized his support for certain DeFi applications, such as decentralized exchanges, decentralized stablecoins, and Polymarket, but expressed reservations about others, like USDC, which he believes undermines the neutrality of the Ethereum chain.
- He highlighted the importance of intersections between DeFi and other decentralized technologies, stating that DeFi alone is not enough for the future of the Ethereum ecosystem.
- The debate around Buterin's DeFi principles comes as the Ethereum Foundation sent a large amount of Ether to a Kraken exchange deposit address, sparking an online debate about the wallet activity.
- Kain Warwick, the inventor of yield farming, criticized Buterin's stance on DeFi, saying that his language has been equivalent to 'stop doing DeFi', which has caused frustration in the DeFi community.
- Warwick and others argued that Buterin's views on DeFi are not aligned with the values of the Ethereum ecosystem, which emphasizes permissionlessness and decentralization.
- Buterin's response emphasized his commitment to seeing applications that are both useful and sustainable, while upholding the core principles of the network.

2024-08-26 12:34:45

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Bullet points of Concerns grow over Binance executive’s health during detention in Nigeria
- Tigran Gambaryan's family alleges medical negligence during his six-month detention in Nigeria.
- Gambaryan is suffering from untreated medical conditions, including a herniated disc, spinal injury, and severe tonsillitis.
- The family claims that Gambaryan's legal team was denied access to him for 20 days.
- Nigerian authorities are planning to issue licenses to cryptocurrency exchanges.

2024-08-26 12:34:45

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Summary of Concerns grow over Binance executive’s health during detention in Nigeria
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The family of Nigerian Binance executive Tigran Gambaryan has raised alarms over his worsening health conditions, alleging medical negligence during his six-month detention in Nigeria. Gambaryan was arrested for alleged financial crimes totaling $34 million and is being held in a Nigerian prison. The family claims that Gambaryan's health is deteriorating due to untreated medical conditions, including a herniated disc, spinal injury, and severe tonsillitis.

2024-08-26 12:14:07

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2024-08-26 12:14:07

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2024-08-26 11:35:45

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Summary of Crypto investment products see largest inflows in 5 weeks
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Cryptocurrency investors have been increasingly purchasing Bitcoin-related exchange-traded products (ETP) amid concerns over potentially looming interest rate cuts in September. The crypto investment firm CoinShares reported that digital asset investment products saw weekly inflows worth $533 million from Aug. 18 to Aug. 24.