JUST IN: 💰 Bitcoin's hash rate hit a new ALL TIME HIGH 🚀

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🇸🇻 El Salvador continues to buy the dip 🙌

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Over half a TRILLION dollars have been erased in market cap today by the Magnificent 7.

The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5.

Do you think history will repeat itself? 👀

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NEW: 💰 $108 billion investment firm VanEck is predicting a $2.9 million #Bitcoin price by 2050

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JUST IN: 🇺🇸 FBI warns that North Korean hackers are attempting to steal #Bitcoin and crypto funds from the ETFs 👀

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Today, Nvidia saw its market capitalization drop by $278 billion (-9.5%). 📉

This massive decline follows the US Department of Justice ramping up its investigation into Nvidia and issuing a subpoena to explore potential antitrust violations. 🧐

The fallout from Nvidia’s drop has extended to other major "big seven" companies, which collectively lost about $0.5 trillion in market capitalization. 💰🙀

👀 The crypto market hasn’t been immune either; Bitcoin dipped below $56,000 and is currently trading near that level. In the past 24 hours, $170 million in long positions have been liquidated.🤷

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🧬 JUST IN: Rune Christensen, co-founder of Sky (formerly Maker) suggests a decentralized court could oversee the freeze process for their new stablecoin, USDS.

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🥷 Unknown attackers have breached the DeFi protocol Penpie, stealing $27 million.

Pendle has confirmed the discovery of a vulnerability in Penpie. 🧐

🧑‍💻 The developers assure that investors' funds remain secure on the Pendle protocol, but all contracts have been temporarily halted as a precautionary measure.

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Former MtGox CEO to Launch New Cryptocurrency Exchange 🚀

Mark Karpeles, the former Mt. Gox CEO, is launching a new crypto exchange called EllipX later this month in Poland. 🎉 With a strong focus on transparency and user-friendliness, EllipX aims to set a new standard in the industry. 🛡

Karpeles plans to apply a unique structure similar to the NYSE but for crypto, separating trading from brokerage and storage to enhance transparency. The platform will also feature a new, easy-to-use wallet with multi-party computation technology. 💼🔐

In addition to EllipX, Karpeles is launching Ungox, a non-profit that will rate crypto projects and exchanges. 📊✨ Former Mt. Gox users will receive special perks, including discounts and free NFTs. 🌟

Karpeles is determined to push for industry-wide transparency and better security. 😁

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NBA legend Scottie Pippen claimed that during the night, he was visited in a dream by Satoshi Nakamoto, who said that on November 5, 2024, Bitcoin would reach $84,650. 😁

Do we believe it?

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🇯🇵 JUST IN: Japan’s FSA wants to align crypto tax rates with traditional financial assets.

The proposed 2025 reform could cut taxes on crypto profits from 55% to 20% and allow loss carryovers.

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🇨🇭Zurich Cantonal Bank, Switzerland's fourth-largest bank, has started offering Bitcoin and Ethereum trading.

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JUST IN: 🇨🇦 Bank of Canada cuts policy rate by 25 basis points again.

Soon the FED and the world.

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🚨 The CFTC has issued an order against Uniswap Labs for offering illegal digital asset derivatives trading.

The order requires them to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged.

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NEW: 🇺🇸 Senator Lummis says, “wouldn’t it be fun if the US is buying #Bitcoin and it scares China and Russia so they start buying Bitcoin and we have an arms race over Bitcoin instead of over weapons.”

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JUST IN: 🇺🇸 US Senator Cynthia Lummis says her #Bitcoin Strategic Reserve bill is the "only viable solution that positions us to cut our national debt in half by 2045."

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🐶119 Million DOGE Sent to Robinhood, Market Impact Feared

🚨 Over 119 million Dogecoin, worth $11.7 million, was transferred from an unknown wallet to Robinhood. This large move raises concerns of a potential sell-off, increasing bearish sentiment in the DOGE market.

📉 Dogecoin is down 2.87% in the last 24 hours, trading at $0.09629. The overall market has dropped 3.6%, with the crypto market cap falling below $2 trillion.

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JUST IN: 🇯🇵 Japan to lower maximum tax rate on #Bitcoin from 55% to 20%, in line with financial assets

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