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💎 NEW: Binance will list Toncoin ($TON) and open trading for the following spot trading pairs at 2024-08-08 10:00 (UTC).

New Spot Trading Pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.

Is this BULLISH for $TON?

👍 - YES
👎 - NO
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🤓Arthur Hayes: BTC will survive under any president

🪙 Arthur Hayes said that it doesn’t matter to BTC who will become the next US president — Harris or Trump. In his opinion, any successor to Biden will be forced to “print money”, the difference will only be in the nuances.

Main points:

✔️Hayes believes that creating a Bitcoin reserve is unrealistic even if Trump wins — the administration will rather buy precious metals.

✔️He is confident that the cryptocurrency will grow despite the winding path: “In the end, we know where it’s going.”
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Tether plans to double its workforce to 200 by mid-2025, focusing on expanding its compliance team.

Despite its small size, Tether remains a financial powerhouse, generating $5.2 billion in profits in the first half of 2024.

The company continues to enhance monitoring tools to prevent illicit activity involving its USDT stablecoin, which now commands nearly 70% of the stablecoin market with a $115 billion supply.
Understanding Real World Assets (RWAs)

Real World Assets (RWAs) are crypto tokens representing tangible assets like bonds, real estate, commodities, and machinery. These tokens bridge traditional financial assets and the Decentralized Finance (DeFi) ecosystem, enhancing accessibility and liquidity.

The Concept of RWAs
RWAs signify tangible assets with substantial and universally recognized value, making them viable for global financial transactions and investments. These assets, expected to generate future economic benefits, are now being tokenized, allowing secure and easy transactions on digital platforms.

Benefits of RWAs
Integrating RWAs into blockchain technology addresses several issues inherent in traditional asset investments:

- Lower Entry Barriers: Fractional ownership of tokenized assets like real estate and bonds reduces the initial capital required, making these investments accessible to a broader audience.
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💰 Bitcoin sell off is a "bear trap" and there is "a lot of institutional and retail interest" in #Bitcoin ETFs - Yahoo Finance
The capitalization of the largest stablecoin Tether (USDT) has almost reached $115 billion

•Since the beginning of 2024, the capitalization of USDT has increased by almost $20 billion. After its fall to $66 billion in 2022, the figure has been growing almost without corrections.

•At the end of July, Tether reported record profits - for the first half of this year, the company earned $5.2 billion, and the company's consolidated capital amounted to $12 billion.
Flash Minting: The Future of DeFi Token Creation

In the fast-paced world of decentralized finance (DeFi), flash minting is a revolutionary smart contract functionality that redefines how tokens are created and used.

Unlike traditional minting, flash minting allows for the creation of tokens without the need for collateral. These tokens are generated temporarily to facilitate specific purposes and are designed to self-destruct at the end of the transaction.

The importance of flash minting lies in its ability to:

- Enhanced DeFi Capabilities
- Complex Financial Transactions
- Arbitrage Opportunities

The key feature of flash minting is the temporary existence of the minted tokens. These tokens must be used within the transaction they were created for and are destroyed immediately after, ensuring no lasting impact on the overall token supply.

While flash minting offers immense potential, it also carries risks and complexities.
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📊 VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist

Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.”
🇻🇪 Venezuela will block access to Binance, Twitter (X) and other online services due to unrest resulting from the disputed presidential election.

Residents have been actively using Binance's P2P service, exchanging fiat for crypto to fight inflation.
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🤔 ETFs are catching up with Satoshi Nakamoto's bitcoin holdings.

And BlackRock's Bitcoin ETF will soon overtake Binance in terms of the number of bitcoins in its account
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If Bitcoin breaks $50K this weekend, will you:

🐳 - Buy the dip
⚡️ - Sell
🔥 - HODL
🌚 - Watch from the sidelines
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🛒 Word of the day in Binance - B

The network is actively discussing a passphrase from binance, trying to make a word out of a letter, as if the Field of Miracles has returned to our screens

But there is a possibility that B is Blum. No one can declare this 100%, but the founders of Blum held top positions in Binance, so get ready for the drop?
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FYI: 💰 In terms of uptime, Bitcoin is already older than the stock market 🔥
FUN FACT: 🇸🇻 El Salvador adopted #Bitcoin as legal tender 3 years ago today 🙌
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NEW: 🇺🇸 A new report from River, a Bitcoin fintech company, predicts that 10% of U.S.-based companies will convert 1.5% of their treasury reserves—equating to roughly $10.35 billion—into #Bitcoin over the next 18 months 👀
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🟢Donald Trump is willing to create a commission to improve the efficiency of the U.S. government (D․O․G․E), headed by Elon Musk, if he becomes president.

The D․O․G․E commission would potentially undertake a full financial and operational audit of the federal government and make recommendations for sweeping reform.
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FYI: 💰 Bitcoin is still up 113% in the last year 💅