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Crypto Updates, Onchain Insights and Altcoin Alpha. โœ๏ธ

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๐ŸšจWHALE DOUBLES DOWN ON $243M SHORTS

The whale who sold 255 #Bitcoin to open shorts has increased leveraged positions in $BTC (10x), $ETH (15x), and $SOL (20x), with a total exposure now at $243 MILLION.
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๐ŸšจFRANCE EYES NATIONAL BITCOIN RESERVE

A proposed bill suggests France could potentially:

๐Ÿ‘‰Accumulate 420,000 BTC, ~2% of Bitcoinโ€™s supply
๐Ÿ‘‰Leverage nuclear and hydro power for mining
๐Ÿ‘‰Retain seized crypto
๐Ÿ‘‰Allow taxes to be paid in BTC.

If passed, France would become the first major EU country with a national Bitcoin reserve.
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โ€ผ๏ธ ALERT: COPPER HITS A FRESH RECORD ABOVE $12,000 A TON IN LONDON
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๐Ÿ“ˆ XRP SURPASSES 4 BILLION TRANSACTIONS

Rippleโ€™s CTO says โ€œdonโ€™t judge XRP by price,โ€ pointing to $XRP's 4 billion transactions as proof of real adoption driven by fast, low-fee settlements.
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๐ŸšจARIZONA MOVES TO CUT CRYPTO TAXES

๐Ÿ‡บ๐Ÿ‡ธArizona State Senator Wendy Rogers has introduced bills to exempt crypto from state taxes, block local taxes on blockchain nodes, and clarify digital assets in the state constitution.
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โšกJUST IN: ๐Ÿ‡บ๐Ÿ‡ธ KEY U.S DATA IS OUT

GDP (Q3 Initial Estimate)
Real: 4.3% Forecast: 3.3% Previous: 3.8%

PCE Inflation (Q3)
Real: 2.9% Forecast: 2.9% Previous: 2.6%

PCE (Q3 Initial Estimate)
Real: 3.5% Forecast: 2.7% Previous: 2.1%
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๐ŸšจCRYPTO FEAR EASES BUT SENTIMENT STILL WEAK

Crypto market index is now at 29, still FEAR, but pulling away from extreme panic.
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๐Ÿšจ ONLY 3% OF BINANCE ALTCOINS TRADE ABOVE 200-DAY SMA

Nearly 97% of altcoins on Binance are trading below their 200-day moving average, one of the most oversold readings on record, comparable to COVID-era lows.

Historically, readings near 0% have marked accumulation phases, while near 100% levels have coincided with market euphoria and Bitcoin cycle tops.
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โšก๏ธJUST NOW: 500,000,000 USDC minted at USDC Treasury
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โšก๏ธJUST IN: ๐Ÿ‡บ๐Ÿ‡ธ S&P 500 closes above 6,909 for the first time ever.
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๐Ÿค” METAL SEASON instead of an ALTSEASON?
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โ€ผ๏ธ RUSSIA MOVES TO LEGALIZE DOMESTIC CRYPTO DEALS FOR RETAIL BUYERS!

Russia's central bank has proposed a new regulatory framework to legalize domestic cryptocurrency transactions for retail investors.

This marks a reversal from its earlier stance advocating a ban in early 2022.
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๐Ÿ’ฐ FORMER FTX US PRESIDENT RAISES $35M FOR TRADFI PERPETUALS EXCHANGE

Former FTX US president Brett Harrison has raised $35 million for his startup, Architect Financial Technologies.

The startup is developing AX - a regulated exchange for perpetual futures tied to traditional assets like equities and foreign exchange, using crypto-inspired market designs.
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