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Keshav Aggarwal (he/his/him)
Bithumb announced an extension of the investment caution for Enterbutton (ENTC) on its official website. Initially designated as a cautionary investment item on April 29, ENTC faced issues in the management wallet's security and discrepancies in token distribution. Bithumb stated, "To thoroughly assess the foundation's response to security concerns, reasons for cautionary designation, and project development progress, we will hold off on the project until the 3rd week of June 2024 (6/17 ~ 6/21)." The cautionary designation for ENTC stocks is extended accordingly. 🚨💼 #Bitcoinworld 🪙
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Keshav Aggarwal (he/his/him)
📈 Bitwise CIO Matt Hougan recently expressed a bullish outlook for the crypto industry, citing increasing interest from blue-chip companies and governments, as reported by The Daily Hodl. In a blog post, he discussed the potential for significant legislative and institutional shifts toward embracing digital assets. Hougan highlighted scenarios such as Congress passing clear crypto regulations and Wall Street's broader adoption of cryptocurrencies, which are becoming more realistic. He also mentioned Senator Cynthia Lummis's proposal for the U.S. to use Bitcoin as a reserve asset, illustrating a positive shift in government stance toward cryptocurrencies. 🚀🔗 #BitcoinWorld
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Ari Redbord
This morning U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) unveiled narrowly tailored payment stablecoin legislation. 📑 TLDR? ✅ Definition - A payment stablecoin is a dollar-pegged digital asset "that is, or is designed to be, used as a means of payment or settlement." ✅ Issuers "obligated" to convert to dollars. ✅ Asset itself is NOT a security. ✅ Issuers would either have to be non-depository trust companies registered with the Fed or a depository institution "authorized as a national payment stablecoin issuer." ✅ Allow banks and non-bank trust companies to issue stablecoins through dedicated subsidiaries. ✅ Ban “unbacked, algorithmic” stablecoins. ✅ Introduce capital and one-to-one reserve requirements. ✅ Direct the FDIC to develop a regulatory regime to address the failures of stablecoin firms. ✅ Permit state financial regulators to authorize and supervise stablecoin-issuing trust companies below $10 billion, a figure based on the outstanding value of a firm’s issued coins. ✅ Give the Federal Reserve power to issue enforcement actions unilaterally against stablecoin firms larger than $10 billion but be required to take “joint” action with state authorities below that threshold. 🪙 Stablecoin Legislation Stablecoin legislation has long been seen as having the best shot of passage given the relative state of agreement between regulators and industry on the need for a clear framework that includes one-to-one reserve requirements. However, it has been slow going. House Financial Services Chair Patrick McHenry (R-N.C.) and Ranking Member Maxine Waters (D-Calif.) have worked on stablecoin legislation for years with a bill finally voted out of Committee last year. That bill has not moved in the wake of instability in House leadership, a divisive political environment, and myriad crises at home and abroad. A comprehensive framework that protects consumers by mandating one-to-one reserves and requires stablecoin issuers to comply with U.S. anti-money laundering and sanctions rules would be a great step forward in providing clarity to businesses, maintaining the strength of the US dollar, and ensuring innovation remains in the US.
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Keshav Aggarwal (he/his/him)
🌐🤝 The ICON (ICX) Foundation announced that it now supports the Cosmos-based Layer 1 Blockchain Injective (INJ). As a result, INJ lending services are available on Balanced, ICON's cross-chain decentralized exchange and lending platform. This collaboration enhances cross-chain interoperability and expands lending options for users. 🚀💼 #BitcoinWorld #BlockchainIntegration
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Tobiloba I
Hamster Kombat $HMSTR Price Prediction What Could Be the Listing Price? The #Ton ecosystem is heating up, and one of its most anticipated mini-apps, Hamster Kombat (HMSTR), is set to make its debut in the #cryptocurrency market on Sept. 26, 2024. The buzz around the game is undeniable, especially with a partnership that includes a listing on Binance, one of the biggest crypto exchanges. To top it off, the platform is celebrating its launch with a massive airdrop of 100 billion tokens to early users. With Hamster Kombat already boasting impressive numbers—300 million players, a YouTube channel with 36 million subscribers, and a 104-million-member Telegram group—the hype is real. But with all eyes on the launch, many are wondering: What could be the listing price for $HMSTR? Let’s compare $HMSTR with two other similar projects, Notcoin ($NOT) and Catizen ($CATI), both of which offer some insight into where $HMSTR might be headed. 1.Notcoin ($NOT): Notcoin ($NOT) is the first "Tap to Earn" project launched by the Ton Foundation team. It has a total supply of 102 billion tokens, with over 80% of the supply distributed through an airdrop during the Token Generation Event (TGE). On its first day, the project achieved a market cap of $700 million and a fully diluted valuation (FDV) of $900 million. The initial price of the token was listed at $0.0075. 2.Catizen ($CATI): Catizen ($CATI) is a solid project with SDK game implementation, supported by a good team and a well-structured roadmap. The total supply of tokens for Catizen is 1 billion, with a market cap of $270 million. Currently, 30% of the total supply is in circulation, and the token was launched at $0.88. The fully diluted valuation (FDV) for Catizen stands at $880 million. Final price predictions for Hamster Kombat ($HMSTR) suggest that the token's total supply will be 100 billion, with 63% (or 63 billion tokens) expected to be in circulation on launch day. The first day market capitalization is projected to be between $504 million and $567 million, while the fully diluted valuation (FDV) is estimated to range between $800 million and $900 million. Based on these figures, the expected price range for $HMSTR on its first day of trading is between $0.008 and $0.009 per token. Potential profits for CEOs holding 1,000 $HMSTR tokens, the expected value on launch day would be $8 - $9. If the project maintains steady growth over the next 3-4 months, this value could increase significantly. With the upcoming launch of Hamster Kombat, the $HMSTR token is shaping up to be one of the most exciting new assets in the Ton ecosystem. While price predictions are always subject to market dynamics, the estimated listing price of $0.008 - $0.009 gives us a promising outlook.
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Steven Walgenbach
The ETHFIUSDT pair is nearing a critical resistance level, showing potential for bullish momentum if it breaks through. Traders should watch key levels like 1.827 and 1.787 for the next big move. Check out the latest technical analysis on Ecoinimist. #Crypto #TechnicalAnalysis #ETHFI https://lnkd.in/gRmHjmMc
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Kamlesh Nagware
Sony Bank launched NFT platform where users can collect and trade the NFTs they’ve received as promotions.Security token may be on a private blockchain, which is the regulator’s preference, SNFT uses the Polygon public blockchain. In order to make the experience more user friendly for new users, some apps try to hide blockchain functionality, such as the need to pay for gas fees. However, SNFT does not, although it lets users on-ramp with credit cards. Right combination of public and private blockchain for achieving relevant business goals. For making user experience better uses an on-ramp so users can pay with credit card instead of gas fees. #blockchain #nft #publicblockchain #privateblockchain #hybridblockchain https://lnkd.in/dMTqwmME
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Keshav Aggarwal (he/his/him)
📈 Galaxy Digital CEO Mike Novogratz predicts US crypto regulation will become more favorable post-November election, as reported by The Daily Hodl. He expects the passing of a market structure bill and changes at the OCC, ending aggressive government enforcement against crypto. Novogratz anticipates increased trading activity and competition as new players enter the market, with large institutions injecting significant energy into the crypto space. 🚀💼 #BitcoinWorld
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Potpourri News
Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $3.5K https://ift.tt/LbSwsVn Ethereum price struggled to recover above $3,350 and corrected gains. ETH is consolidating near $3,200 and facing many hurdles. Ethereum started another decline and tested the $3,120 zone. The price is trading below $3,220 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,170 support. Ethereum Price Faces Uphill Task Ethereum price failed to settle above the $3,250 level and started another decline, like Bitcoin. ETH traded below the $3,200 level and even spiked below $3,120. A low was formed at $3,113 and the price is now consolidating. There was a minor increase above the $3,200 level. The price broke the 23.6% Fib retracement level of the recent decline from the $3,355 swing high to the $3,113 low. However, the bears were active near the $3,240 and $3,250 levels. The 50% Fib retracement level of the recent decline from the $3,355 swing high to the $3,113 low acted as a hurdle. There was a fresh decline below the $3,200 level. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $3,170 on the hourly chart of ETH/USD. Immediate resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The first major resistance is near the $3,240 level. The next key resistance sits at $3,300, above which the price might gain traction and rise toward the $3,350 level. A close above the $3,350 resistance could send the price toward the $3,450 resistance. If there is a move above the $3,450 resistance, Ethereum could even test the $3,550 resistance. Any more gains could send Ether toward the $3,620 resistance zone. More Downsides In ETH? If Ethereum fails to clear the $3,250 resistance, it could continue to move down. Initial support on the downside is near the $3,170 level and the channel zone. The first major support is near the $3,120 zone. The main support is near the $3,070 level. A clear move below the $3,070 support might push the price toward $3,030. Any more losses might send the price toward the $2,880 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,170 Major Resistance Level – $3,250 Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source link via POTP...
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Keshav Aggarwal (he/his/him)
📰 Cointelegraph, citing CCData, reports June's CEX trading volume fell 21.8% month-on-month, with combined spot and derivatives trading volumes declining for three months. Open interest and options trading also decreased due to forced liquidation following price drops, partly due to Mt. Gox redemptions and German Bitcoin sales. Binance's market share dropped from 40.4% to 31.2% year-on-year, while Bybit (+4%p) and Bitget (+3.7%p) increased their shares. 📉🔄 #BitcoinWorld
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Laura Shin
🌐 Can Legion reshape token launches in crypto? Mike Dudas and Matt O’Connor share insights into the recently launched platform Legion: 🔸 Why ICOs built loyal communities 🔹 The pros and cons of token sales vs. airdrops 💼 How Legion’s reputation system works Watch the full episode here 👇 https://bit.ly/48Du6RU
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Jesse Marshall
The FTC can work alongside the SEC to address practices harming market integrity - Protecting Consumers Post BitCoin Bubble: Digital Platforms and Information Flow: With increasing digital trading platforms and social media influence, misinformation or algorithmic biases may amplify exuberance, distorting investor decision-making. Joint efforts can investigate and correct distortive influences from these technologies. 4. Protecting Consumers Post-Bubble Once exuberance subsides, consumers often bear the brunt of financial losses: The FTC can address scams that emerge in the aftermath, such as predatory "recovery" schemes targeting individuals who lost investments. Education campaigns led by the FTC can improve consumer awareness about speculative risks, reducing future vulnerabilities. 5. Ethical AI and Automation in Markets With algorithmic trading and AI-based systems contributing to rapid market moves, the FTC could collaborate on ensuring such technologies don't unfairly manipulate investor behavior or perpetuate speculative cycles. While the FTC's role isn't direct in market operations like the NYSE, its interventions in the broader ecosystem play a critical role in preventing bubbles fueled by irrational exuberance from causing systemic harm. Its consumer protection and antitrust frameworks help ensure that market fairness extends to all stakeholders, including individual investors, during turbulent periods. https://lnkd.in/ezm2E2H2 #LegislationMatters #Unmanned_News #FTC #SEC #BitCoin #Congress #Bitcoin #Finance #401K #DigitalTransformation #Cryptocurrency #GAO #DOL #GovernmentAccountabilityOffice #Innovation #CryptoRevolution #DigitalGold #FutureOfFinance #DecentralizedEconomy #BlockchainTechnology #CryptoAdoption #GlobalFinance #BTC #FinTech #CryptoCommunity #FinancialFreedom #BitcoinEconomy #DigitalAssets #PeerToPeer #CryptoWorld #DecentralizedFinance #GlobalCurrency #CryptoFuture #financialmarket #commodities #capitalmarket #foriegnexchange https://lnkd.in/ezm2E2H2
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Keshav Aggarwal (he/his/him)
Grayscale's submission of a new updated version of the Ethereum Mini Trust 19b-4 filing indicates ongoing efforts to navigate the regulatory landscape surrounding cryptocurrency-based investment products. This move follows their previous submissions and reflects the evolving nature of regulatory requirements and market conditions. As Grayscale continues to engage with regulatory authorities, investors will likely monitor developments closely to assess the potential impact on their investment strategies.
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Blockchain Realm
Avalanche Foundation launches $50M initiative, "Avalanche Vista," to pioneer asset tokenization. The program aims to demonstrate the value of tokenization, making financial systems more accessible, efficient, and cost-effective. Asset tokenization facilitates on-chain digital representation of assets, improving processes like issuance, settlement, and administration. #Avalanche #AssetTokenization #FinancialInnovation #OnFi #Blockchain #DigitalAssets #TokenizedSecurities
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