♾ BREAKING: Genesis Global filed for Chapter 11 bankruptcy protection in New York federal district court.

Names among Genesis creditors:

• Gemini: $765m
• Mirana (Bybit?): $151m
• Moonalpha (Babel): $150m
• Coincident Cap (Mex/Finex Leaderboarders): $110m
• Decentraland: $55m
• VanEck: $53m
• Abra: $30m
• Cumberland: $18m
• Stellar Foundation: $13m

✅ Source

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🇺🇸 Total debt: $31.4 trillion

Annual interest paid on debt: ~$1.2 trillion by 2024.

Annual tax revenue: $4.9 trillion

Annual Deficit: $1.4 trillion Loss
Projected 2023 Deficit: Over $2 trillion

The debt will continue piling up to 200% debt to GDP.

The Fed will have to eventually do yield curve control to keep the interest expense from consuming all tax rev.

The likely course of action is for the Fed to copy Japan. Take rates down to 0% again and let all of the debt rollover at yields between 0% to 1%.

That eliminates most of the interest expenses of the govt within a few years.


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🥇 Samsung's #bitcoin   wallet is now available in Australia, Brazil, Canada, Hong Kong, India, Malaysia, Singapore, and Taiwan.


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🪙USDT Dominance Update:

The USDT dominance has been continuously rejected from the higher levels and till now it has not shown any sign of recovery. If the rejection continues to drop then we can expect USDT.D to even reach close to 4.9%. This will surely be a good thing for BTC and the altcoins.

For now, the USDT.D has support at the 6.4% to 6.5% level and if it has to bounce back then this could be the level from where we can expect a bounce back. Other support levels for dominance are 5.6% to 5.8% and 4.8% to 5%.

We hope that this update was helpful for you all. Stay tuned.

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🇺🇸 Miami Mayor: High inflation, debt and Fed manipulation "scream for investing in things outside the fiat system."

"It's no wonder to me that 🥇Bitcoin  is up 30% this year" 🙌


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💰BTC is going exactly as we expected.

Currently we had a big resistance at $22.5k. hopefully, Bitcoin has breaked $22.5k of level.

Now next stop will be 24k-$25k 👍


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🪙Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case

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🪙 El Salvador are in the green on their latest Bitcoin purchases.

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♾Some Big Token unlocks in this week might cause volatility make sure to check if you hold them here

Token Unlocks shows that AXS, ACA, GAL, RON, YGG, and IMX will be unlocked this week. 4.89 million AXS tokens ($63.18m) will be unlocked on January 23; RON will be unlocked on January 27 about 42.93m (about $24.25m); IMX will be unlocked on January 28.

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🪙 Whales aggressively started the 2023 year!

More than 70,000 BTC that worth ~$1.4B were accumulated by whales’ wallets over the recent 2 weeks.

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🇦🇪 UAE Minister says #crypto will play a major role for United Arab Emirates' global trade going forward.

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🪙 Someone illuminated a massive Bitcoin logo on Berlin’s TV tower

✅Source

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❄️ TON validators are set to vote next month on suspending 195 inactive addresses on the blockchain, which hold a total of 1.08 billion toncoin, worth nearly $2.5 billion.


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⚡️Tesla did not buy or sell any Bitcoin in Q4 2022 ; reported $33 million in impairment charges to its Bitcoin holding

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🪙DYdX pushes back $156 million of token unlocks for investors to December from February

✅ Source
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🪙 Bitcoin is the best performing asset in the world this year

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💰 There is a Bitcoin ATM in Mexico's Senate building.

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Amazon is preparing to launch the NFT program in the spring, including getting Amazon customers to play crypto games and claim free NFTs in the process,

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🇺🇸 Bill to establish Bitcoin & crypto as a form of payment in state agencies has been introduced to the New York Senate.


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🪙#Bitcoin  Lightning Network capacity just hit a new ALL TIME HIGH!    ⚡️Going parabolic⚡️

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