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A demonstration of how people's interest in Bitcoin has changed since 2014 🤔
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✅ There was a lot of volatility this week, bitcoin even briefly fell below 30k, but soon got back up. The SEC scared everyone into not accepting ETFs as they were written, and the funds began to refill applications with the needed changes 📝
Weekly crypto digest:
🔸 BlackRock, Ripple, Galaxy, Nasdaq, and other companies are interested in buying bankrupt crypto exchange FTX 😯
🔸 The largest bank in Hong Kong, HSBC, will allow its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange
🔸 FTX Bankruptcy Team says it managed to recover $7 billion in "liquid assets"
🔸 Crypto exchange FTX is in initial discussions with investors about relaunching its international exchange
🔸 Binance withdraws from Austria 👋
🔸 Binance banking partner for EUR transfers, will halt support for the crypto exchange on September 25th
🔸 Binance decided not to delist privacy coins in Europe, as it was planning to do last month
🔸 Binance crypto custody license application was denied by German regulator BaFin ❌
🔸 OKX suspends services for users living in Japan
🔸 Indonesia’s regulatory agency made public a catalog of 501 crypto assets that are now classified as commodities
🔸 EU officials suspect Binance is faking accounts in Ireland and Malta
🔸 Joe Biden said: "We’re going to make it fair by eliminating loopholes for crypto traders, hedge fund managers." 😕
🔸 Elon Musk announced that there will be a limited number of tweets each user can see per day
🔸 PolyNetwork got hacked again. Millions of dollars have been stolen
🔸 MicroStrategy acquired 12,333 bitcoins and now holds 152,333 BTC 🛒
🔥 Best weekly performers:
• Compound - $61.89 (↑61.5%)
• Bitcoin Cash - $291.99 (↑53.2%)
• eCash - $0.00003519 (↑45.8%)
Weekly crypto digest:
🔸 BlackRock, Ripple, Galaxy, Nasdaq, and other companies are interested in buying bankrupt crypto exchange FTX 😯
🔸 The largest bank in Hong Kong, HSBC, will allow its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange
🔸 FTX Bankruptcy Team says it managed to recover $7 billion in "liquid assets"
🔸 Crypto exchange FTX is in initial discussions with investors about relaunching its international exchange
🔸 Binance withdraws from Austria 👋
🔸 Binance banking partner for EUR transfers, will halt support for the crypto exchange on September 25th
🔸 Binance decided not to delist privacy coins in Europe, as it was planning to do last month
🔸 Binance crypto custody license application was denied by German regulator BaFin ❌
🔸 OKX suspends services for users living in Japan
🔸 Indonesia’s regulatory agency made public a catalog of 501 crypto assets that are now classified as commodities
🔸 EU officials suspect Binance is faking accounts in Ireland and Malta
🔸 Joe Biden said: "We’re going to make it fair by eliminating loopholes for crypto traders, hedge fund managers." 😕
🔸 Elon Musk announced that there will be a limited number of tweets each user can see per day
🔸 PolyNetwork got hacked again. Millions of dollars have been stolen
🔸 MicroStrategy acquired 12,333 bitcoins and now holds 152,333 BTC 🛒
🔥 Best weekly performers:
• Compound - $61.89 (↑61.5%)
• Bitcoin Cash - $291.99 (↑53.2%)
• eCash - $0.00003519 (↑45.8%)
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Bitcoin continues to trade in the 30-31k range without changes, looks like it's our new level for a long time like 26-27k was 🥱
Crypto exchange Bittrex has submitted a motion to dismiss its legal dispute with the SEC. The exchange has aligned its arguments closely with those made by Coinbase 🤔
If you heard rumors that Gary Gensler is resigning, those are fake news, generated by AI 🤖
The Monetary Authority of Singapore has restricted crypto service providers from facilitating lending and staking of tokens by their retail customers, they need to deposit customer assets under a statutory trust before the end of the year for safekeeping 🇸🇬
🔹 Last 24 hours top 3 gainers:
The Graph - $0.132 (↑25.23%)
Compound - $65.16 (↑18.61%)
BitDAO - $0.501 (↑17.58%)
#GM
Crypto exchange Bittrex has submitted a motion to dismiss its legal dispute with the SEC. The exchange has aligned its arguments closely with those made by Coinbase 🤔
If you heard rumors that Gary Gensler is resigning, those are fake news, generated by AI 🤖
The Monetary Authority of Singapore has restricted crypto service providers from facilitating lending and staking of tokens by their retail customers, they need to deposit customer assets under a statutory trust before the end of the year for safekeeping 🇸🇬
🔹 Last 24 hours top 3 gainers:
The Graph - $0.132 (↑25.23%)
Compound - $65.16 (↑18.61%)
BitDAO - $0.501 (↑17.58%)
#GM
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Venture capital investments in crypto are down 70% 🫠
According to recently published information, during the month of June 2022, the digital asset space received $1.81 billion in 149 rounds, whereas in June this year, only 83 projects registered $520 million — the lowest funded month to date.
Instead of crypto money flowing into AI startups 🤖
According to recently published information, during the month of June 2022, the digital asset space received $1.81 billion in 149 rounds, whereas in June this year, only 83 projects registered $520 million — the lowest funded month to date.
Instead of crypto money flowing into AI startups 🤖
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🚫 Belarus wants to ban crypto transactions between individuals
The Ministry of Foreign Affairs is currently drafting legal modifications to ban P2P trade. Only trade on "approved exchanges" will be allowed.
Even though it's not possible to control and monitor those transactions, because of the decentralized nature of web3, they can still come up with some insane threats of punishment in order to scare people.
🔒 Authoritarian governments are always afraid of losing control over their citizens, especially when it comes to finances
The Ministry of Foreign Affairs is currently drafting legal modifications to ban P2P trade. Only trade on "approved exchanges" will be allowed.
Even though it's not possible to control and monitor those transactions, because of the decentralized nature of web3, they can still come up with some insane threats of punishment in order to scare people.
🔒 Authoritarian governments are always afraid of losing control over their citizens, especially when it comes to finances
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The shrimp army attacks the Bitcoin supply 🦐
🙂 "Shrimps" are those BTC holders who have less than 1 BTC in their possession. Currently, we see an aggressive accumulation of BTC by shrimps at a rate of 33.4K BTC / month.
The total coins held by the shrimps class is around 1.33 million bitcoins 📈
🙂 "Shrimps" are those BTC holders who have less than 1 BTC in their possession. Currently, we see an aggressive accumulation of BTC by shrimps at a rate of 33.4K BTC / month.
The total coins held by the shrimps class is around 1.33 million bitcoins 📈
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✅ Bitcoin broke through 31k and is still trading above; if bulls succeed in maintaining this level, the next target is 32.5-33k
Day summary:
🔸 Nasdaq refiles for the BlackRock ETF with CoinBase listed as an exchange partner - this news appeared but got deleted the next minute by TheBlock 😑
🔸 Singapore orders crypto firms to keep customer assets in a special trust by year-end
🔸 Crypto exchange Bittrex has submitted a motion to dismiss its legal dispute with the SEC
🔸 Rumors that Gary Gensler is resigning started to appear on social media, but they're fake ❌
🔸 Binance announced the launch of the NFT collection with the Ronaldo partnership ⚽️
🔸 Belarus will ban crypto transactions between individuals
🔸 Shrimps are hungry and accumulating BTC 🦐
🔹 Prices:
🌐 Bitcoin - $31,211 (↑2.21%)
⚙️ Ethereum - $1,966 (↑2.89%)
📈 S&P 500 - 4,455 (↑0.12%)
💲 DXY - 102.99 (↑0.07%)
🌕 Gold - 1,929 (↑0.01%)
Day summary:
🔸 Nasdaq refiles for the BlackRock ETF with CoinBase listed as an exchange partner - this news appeared but got deleted the next minute by TheBlock 😑
🔸 Singapore orders crypto firms to keep customer assets in a special trust by year-end
🔸 Crypto exchange Bittrex has submitted a motion to dismiss its legal dispute with the SEC
🔸 Rumors that Gary Gensler is resigning started to appear on social media, but they're fake ❌
🔸 Binance announced the launch of the NFT collection with the Ronaldo partnership ⚽️
🔸 Belarus will ban crypto transactions between individuals
🔸 Shrimps are hungry and accumulating BTC 🦐
🔹 Prices:
🌐 Bitcoin - $31,211 (↑2.21%)
⚙️ Ethereum - $1,966 (↑2.89%)
📈 S&P 500 - 4,455 (↑0.12%)
💲 DXY - 102.99 (↑0.07%)
🌕 Gold - 1,929 (↑0.01%)
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Bitcoin and Ethereum are trading a bit higher than last week's value, but it seems that the psychological mark of 31k is not so important. In general, the market shows signs of a high level of PvP conditions 🤷♀️
Crypto exchange Gemini never received a debt payment from Digital Currency Group and Gemini's founder wrote an open letter to Barry Silbert, accusing him of all sorts of stuff 🤬
A new token standard on the Bitcoin network just dropped: BRC-69, it will be instrumental in launching recursive collections on Bitcoin 😏
Bernstein ($650 billion in AUM) said that the probability of SEC approval for a spot ETF remains fairly high 🤔
🔹 Last 24 hours top 3 gainers:
Aptos - $8.11 (↑9.35%)
Maker - $989.84 (↑8.07%)
Frax Share - $6.59 (↑8.64%)
#GM
Crypto exchange Gemini never received a debt payment from Digital Currency Group and Gemini's founder wrote an open letter to Barry Silbert, accusing him of all sorts of stuff 🤬
A new token standard on the Bitcoin network just dropped: BRC-69, it will be instrumental in launching recursive collections on Bitcoin 😏
Bernstein ($650 billion in AUM) said that the probability of SEC approval for a spot ETF remains fairly high 🤔
🔹 Last 24 hours top 3 gainers:
Aptos - $8.11 (↑9.35%)
Maker - $989.84 (↑8.07%)
Frax Share - $6.59 (↑8.64%)
#GM
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🇿🇦 South Africa will require crypto exchanges to be licensed
According to South Africa's financial regulator, by the end of the year, licensees will be mandatory for crypto exchanges to operate.
20 applications from exchanges were already sent to the Financial Sector Conduct Authority of SA 📄
According to South Africa's financial regulator, by the end of the year, licensees will be mandatory for crypto exchanges to operate.
20 applications from exchanges were already sent to the Financial Sector Conduct Authority of SA 📄
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BAYC NFT's price is down 86% from ATH 🙈
Look at the picture of this sad monkey, it’s a Bored Ape Yacht Club NFT #3001, in January 2022, Justin Bieber purchased it for $1.31 million. Today, this NFT is worth $61k 😵
Floor price of the BAYC collection was $420,400 in the 2nd quarter of 2022, now the floor is around $61,669
💁♀️ Rule of thumb: When celebrities start buying monkey pictures for millions of dollars, it’s better to think about taking profits
Look at the picture of this sad monkey, it’s a Bored Ape Yacht Club NFT #3001, in January 2022, Justin Bieber purchased it for $1.31 million. Today, this NFT is worth $61k 😵
Floor price of the BAYC collection was $420,400 in the 2nd quarter of 2022, now the floor is around $61,669
💁♀️ Rule of thumb: When celebrities start buying monkey pictures for millions of dollars, it’s better to think about taking profits
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❗️Every trader must know this
Many people have no idea how hard and stressful trading really is. For those who are struggling with trading, here are nine tips for you:
🔹 Knowledge is power. Stay informed about news and events. For example, it's very important to have an understanding of what the Fed is planning to do because the US economy affects the crypto market very much.
🔹 Set aside funds. Determine the amount of capital you're willing to risk. Close your eyes and imagine that you just lost 100% of your trading capital, if you feel that after losing it your life is over, that means you are overallocated, you need to decrease the risk.
🔹 Be serious about trading. Dedicate sufficient time to day trading. If you plan to do it in earnest, it's worth treating it as a job, not a fun hobby.
🔹 Narrow down your attention. Don't spread your attention across many different assets, you should always be on the lookout, but it's better to focus on a few that you understand the best.
🔹 Avoid unnecessary risks. Steer clear of low-priced, illiquid shitcoins. Trying to get 10x by buying a random 7-day-old meme coin is not trading, it's gambling with bonus steps.
🔹 Learn to do nothing. Observe the market before making moves. It's not necessary to always have an open trade, sometimes it's better to just sit on your hands and wait for a good entry/trend/trading setup.
🔹 Manage risks. Use limit orders to control losses and take profits. If you are spot trading, you should always have sell limit orders, if you're trading on futures, always use stop-loss.
🔹 Be realistic about profits. It's almost impossible to pull off one 100x trade, but it's very possible to do seven 2x trades over the long run.
🔹 Stick to the plan. Follow your trading strategy consistently. If you don't have a strategy, develop one, if you can't stick to your strategy — you shouldn't trade at all.
📌 Save this list of tips for later and share it with a friend
#trading_tips
Many people have no idea how hard and stressful trading really is. For those who are struggling with trading, here are nine tips for you:
🔹 Knowledge is power. Stay informed about news and events. For example, it's very important to have an understanding of what the Fed is planning to do because the US economy affects the crypto market very much.
🔹 Set aside funds. Determine the amount of capital you're willing to risk. Close your eyes and imagine that you just lost 100% of your trading capital, if you feel that after losing it your life is over, that means you are overallocated, you need to decrease the risk.
🔹 Be serious about trading. Dedicate sufficient time to day trading. If you plan to do it in earnest, it's worth treating it as a job, not a fun hobby.
🔹 Narrow down your attention. Don't spread your attention across many different assets, you should always be on the lookout, but it's better to focus on a few that you understand the best.
🔹 Avoid unnecessary risks. Steer clear of low-priced, illiquid shitcoins. Trying to get 10x by buying a random 7-day-old meme coin is not trading, it's gambling with bonus steps.
🔹 Learn to do nothing. Observe the market before making moves. It's not necessary to always have an open trade, sometimes it's better to just sit on your hands and wait for a good entry/trend/trading setup.
🔹 Manage risks. Use limit orders to control losses and take profits. If you are spot trading, you should always have sell limit orders, if you're trading on futures, always use stop-loss.
🔹 Be realistic about profits. It's almost impossible to pull off one 100x trade, but it's very possible to do seven 2x trades over the long run.
🔹 Stick to the plan. Follow your trading strategy consistently. If you don't have a strategy, develop one, if you can't stick to your strategy — you shouldn't trade at all.
📌 Save this list of tips for later and share it with a friend
#trading_tips
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✅ Bitcoin falls below 31k, BTC dominance is decreasing, and the correlation between stocks and crypto is at 0%
Day summary:
🔸 Gemini's founder wrote an open letter to Barry Silbert, CEO of Digital Currency Group that owes $1.5 billion to Gemini customers but did not pay anything ✉️
🔸 A new token standard on the Bitcoin network token BRC-69 was created it will help reduce the cost of collection creation
🔸 South Africa will require crypto exchanges to be licensed by the end of the year 🇿🇦
🔸 Crypto spot trading volume reached its lowest level since 2020
🔸 UK government moves forward on a bill aimed at empowering authorities to seize crypto 🇬🇧
🔸 A new policy proposal encourages the Hong Kong government to issue its stablecoin, HKDG, in order to compete with USDT and USDC
🔹 Prices:
🌐 Bitcoin - $30,707 (↓1.78%)
⚙️ Ethereum - $1,934 (↓1.72%)
📈 S&P 500 - 4,455 (↑0.12%)
💲 DXY - 103.05 (↑0.06%)
🌕 Gold - 1,933 (↑0.21%)
Day summary:
🔸 Gemini's founder wrote an open letter to Barry Silbert, CEO of Digital Currency Group that owes $1.5 billion to Gemini customers but did not pay anything ✉️
🔸 A new token standard on the Bitcoin network token BRC-69 was created it will help reduce the cost of collection creation
🔸 South Africa will require crypto exchanges to be licensed by the end of the year 🇿🇦
🔸 Crypto spot trading volume reached its lowest level since 2020
🔸 UK government moves forward on a bill aimed at empowering authorities to seize crypto 🇬🇧
🔸 A new policy proposal encourages the Hong Kong government to issue its stablecoin, HKDG, in order to compete with USDT and USDC
🔹 Prices:
🌐 Bitcoin - $30,707 (↓1.78%)
⚙️ Ethereum - $1,934 (↓1.72%)
📈 S&P 500 - 4,455 (↑0.12%)
💲 DXY - 103.05 (↑0.06%)
🌕 Gold - 1,933 (↑0.21%)
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It feels like the bulls in the market have less and less strength to hold key levels and continue to pump, but is it so? Time will tell, but so far we have a Fear & Greed Index at 61 (Greed) 🤑
Australia’s financial markets regulator searched Binance’s offices in an ongoing probe of the crypto exchange’s now-defunct local derivatives business 🤔
Taiwan’s Ministry of Justice stated that Bitcoin and Ethereum may be used as election bribery tools. Since the end of 2000, they have documented bribery cases exceeding 1.254 billion yuan 🇹🇼
🔹 Last 24 hours top 3 gainers:
Aave - $78.76 (↑7.28%)
IOTA - $0.191 (↑2.79%)
Theta Network - $0.784 (↑2.79%)
#GM
Australia’s financial markets regulator searched Binance’s offices in an ongoing probe of the crypto exchange’s now-defunct local derivatives business 🤔
Taiwan’s Ministry of Justice stated that Bitcoin and Ethereum may be used as election bribery tools. Since the end of 2000, they have documented bribery cases exceeding 1.254 billion yuan 🇹🇼
🔹 Last 24 hours top 3 gainers:
Aave - $78.76 (↑7.28%)
IOTA - $0.191 (↑2.79%)
Theta Network - $0.784 (↑2.79%)
#GM
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Threads app to launch on 6 July 😯
Instagram’s Threads app will be launched tomorrow, amid a mass backlash against Elon Musk’s Twitter.
The app appears to share a similar user interface to Twitter, with similar features including reposting, liking, and allowing users to limit who can reply to posts.
Copy of Twitter, but from Meta, will it be successful? Is anyone here planning to use it?🤔
Instagram’s Threads app will be launched tomorrow, amid a mass backlash against Elon Musk’s Twitter.
The app appears to share a similar user interface to Twitter, with similar features including reposting, liking, and allowing users to limit who can reply to posts.
Copy of Twitter, but from Meta, will it be successful? Is anyone here planning to use it?🤔
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Coinbase downgraded because of uncertainty 🔻
"The uncertainty swirling around Coinbase Global has made it too difficult to forecast how much revenue the company could earn", a Piper Sandler investment bank analyst said.
It's expected that second-quarter Coinbase trading volumes and monthly transacting user total will be the lowest in over two years 🫡
It's also expected the $COIN stock rally to end soon as investors have already priced in BlackRock ETF news 🫤
"The uncertainty swirling around Coinbase Global has made it too difficult to forecast how much revenue the company could earn", a Piper Sandler investment bank analyst said.
It's expected that second-quarter Coinbase trading volumes and monthly transacting user total will be the lowest in over two years 🫡
It's also expected the $COIN stock rally to end soon as investors have already priced in BlackRock ETF news 🫤
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💰 Free trading instruments
For trading, you will need a lot of information and statistics. Here we have a list of useful free tools for every crypto trader.
You will need crypto exchange accounts, and the more, the better, because sometimes trading conditions on different exchanges are not the same, and you will need to switch between them (here is the LIST of the best crypto exchanges).
List of free must-have instruments for every crypto trader:
🔹 Track crypto prices and other stats using these websites: CoinMarketCap, CoinGecko, DropsTab
🔹 Best platform for technical analysis and charts: Trading View
🔹 Best platform for futures traders with data on open interests, funding rates, and liquidations: Coinalyze
🔹 Platform to track heatmaps, order-flows, and footprints of different trading pairs: TradingLite
🔹 Platform for automated chart pattern recognition engine: altFINS
🔹 Analytics dashboards and analysis tools for assets and platforms: Glassnode
🔹 Financial data aggregator with market metrics: Token Terminal
Those platforms are crucial if you want to understand what's going on in the market.
📌 Save this list for later, and don't forget to share it with a friend
#trading_tips
For trading, you will need a lot of information and statistics. Here we have a list of useful free tools for every crypto trader.
You will need crypto exchange accounts, and the more, the better, because sometimes trading conditions on different exchanges are not the same, and you will need to switch between them (here is the LIST of the best crypto exchanges).
List of free must-have instruments for every crypto trader:
🔹 Track crypto prices and other stats using these websites: CoinMarketCap, CoinGecko, DropsTab
🔹 Best platform for technical analysis and charts: Trading View
🔹 Best platform for futures traders with data on open interests, funding rates, and liquidations: Coinalyze
🔹 Platform to track heatmaps, order-flows, and footprints of different trading pairs: TradingLite
🔹 Platform for automated chart pattern recognition engine: altFINS
🔹 Analytics dashboards and analysis tools for assets and platforms: Glassnode
🔹 Financial data aggregator with market metrics: Token Terminal
Those platforms are crucial if you want to understand what's going on in the market.
📌 Save this list for later, and don't forget to share it with a friend
#trading_tips
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✅ Bitcoin is slowly approaching $30,000, and it looks like we will be testing the bottom range this week. Bulls get ready 🐮
Day summary:
🔸 Binance's offices in Australia are being searched by the financial markets regulator
🔸 Taiwan's officials are worried about political corruption enabled by Bitcoin and Ethereum
🔸 Valkyrie Fund updates its Bitcoin ETF filing, with Coinbase as a CEX partner 🔁
🔸 Tomorrow, the new app called Threads will be launched, it's an analog of Twitter but from Meta
🔸 Binance suspended deposits and withdrawals for Multichain-bridged tokens ❄️
🔸 Company Coinbase got downgraded because of uncertainty and legal issues
🔸 Binance CEO Changpeng Zhao reacted to the entrance of large players like BlackRock in crypto: “We welcome more players, the larger the better” 😏
🔹 Prices:
🌐 Bitcoin - $30,525 (↓0.44%)
⚙️ Ethereum - $1,911 (↓1.36%)
📈 S&P 500 - 4,450 (↓0.11%)
💲 DXY - 103.37 (↑0.32%)
🌕 Gold - 1,923 (↓0.30%
Day summary:
🔸 Binance's offices in Australia are being searched by the financial markets regulator
🔸 Taiwan's officials are worried about political corruption enabled by Bitcoin and Ethereum
🔸 Valkyrie Fund updates its Bitcoin ETF filing, with Coinbase as a CEX partner 🔁
🔸 Tomorrow, the new app called Threads will be launched, it's an analog of Twitter but from Meta
🔸 Binance suspended deposits and withdrawals for Multichain-bridged tokens ❄️
🔸 Company Coinbase got downgraded because of uncertainty and legal issues
🔸 Binance CEO Changpeng Zhao reacted to the entrance of large players like BlackRock in crypto: “We welcome more players, the larger the better” 😏
🔹 Prices:
🌐 Bitcoin - $30,525 (↓0.44%)
⚙️ Ethereum - $1,911 (↓1.36%)
📈 S&P 500 - 4,450 (↓0.11%)
💲 DXY - 103.37 (↑0.32%)
🌕 Gold - 1,923 (↓0.30%
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