Crypto soothsayer
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Current news from the world of cryptocurrencies and market analysis. Read us and have up-to-date information! We are open for cooperation: https://t.me/kryptoadv
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πŸ‡ΊπŸ‡Έ A Regulatory Shift for Crypto in the US?

πŸ‘€ Donald Trump’s team is considering Paul Atkins, a former SEC commissioner, as the next head of the Securities and Exchange Commission (SEC). Known for his pro-innovation stance, Atkins could pave the way for a more favorable regulatory environment for cryptocurrencies and blockchain technologies in the US.

❗️However, the bigger story lies elsewhere: the Trump administration plans to shift crypto regulation to the CFTC (Commodity Futures Trading Commission). This move would classify tokens as commodities, reducing the SEC’s role in overseeing the crypto market. πŸ€”

πŸ‘‰ If implemented, the CFTC will gain significant control over the crypto space, potentially redefining the regulatory landscape for blockchain businesses in the US.
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πŸ“ˆ Bitcoin Demand Soars Among Major Players

πŸ‡―πŸ‡΅ Japanese company Metaplanet plans to raise $62 million to expand its cryptocurrency holdings. Currently, the company owns 1,142 BTC.

🏭 Mining giant Marathon Digital (MARA) has also joined the action, purchasing an additional 703 BTC in November, bringing their total holdings to 6,474 BTC.

πŸŽ₯ Meanwhile, streaming platform Rumble has announced its adoption of the Bitcoin Standard. As part of its new treasury strategy, the company plans to invest $20 million in Bitcoin.

⚑️ The growing corporate demand for Bitcoin explains why it resists deep corrections. When a scarce asset is in high demand, its price only goes up β€” it’s simple math. 🀷
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πŸ˜‚ When in doubt, double the supply!

Yesterday, Binance announced the delisting of several cryptocurrencies, including Gifto (GFT). Instead of panicking, the Gifto team pulled a bold move β€” they minted an extra 1.2 billion tokens, effectively doubling the supply. πŸŽ‰

But wait, there's more! They then dumped those tokens on exchanges, crashing GFT’s price by 38%. Because, clearly, getting delisted from one of the largest exchanges wasn’t enough drama for the day. πŸ˜…

Rumor has it, the funds from the token sale went straight into their pockets, so the near 50% price drop doesn’t seem to bother them at all. Classic! 😎
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πŸš€ A new all-time high reached in stablecoin supply: $183 billion!
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πŸ‹ Whales purchased 10,000 BTC ($950M) during Bitcoin's recent correction – Santiment
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πŸ€– AI bot Freysa holds $40,000 and won’t let go!

In the L2 Base network, an experimental AI bot named Freysa is challenging users with a strict rule: β€œIf you send money, you lose. This rule cannot be broken under any circumstances.” So far, 183 daring participants have sent 461 messages, spending hundreds of dollars, trying to outsmart the bot.

πŸ’Έ Message pricing:

β–ͺ️First message: $10.
β–ͺ️Each subsequent message increases by 0.78% (up to $4500 per message).

πŸ“ˆ The current cost per message is $398.45.

⏳ The twist: If no one sends a message before the timer runs out, 10% of the prize pool goes to the last participant, and the rest is distributed among all players.

❓The outcome so far: Freysa still holds the funds, and no one has cracked the code.

Outsmarting AI is proving harder than expected. Is Freysa the next big crypto experiment? πŸ˜…
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🍌 Breaking: World’s Most Expensive Banana Eaten! 😁

Justin Sun ate the infamous banana from the β€œComedian” installation, for which he paid a whopping $6.2 million.

Art or snack? You decide. Either way, that’s one very expensive piece of fruit! πŸ˜…
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Crypto soothsayer
πŸ˜‚ When in doubt, double the supply! Yesterday, Binance announced the delisting of several cryptocurrencies, including Gifto (GFT). Instead of panicking, the Gifto team pulled a bold move β€” they minted an extra 1.2 billion tokens, effectively doubling the…
πŸ€” Gifto Blames Hackers for Token Dump!

Gifto is trying to clear its name, claiming that hackers minted and dumped millions of $GFT tokens.

However, blockchain analyst ZachXBT isn’t buying it, calling the timing β€œhighly suspicious.” πŸ•΅οΈβ€β™‚οΈ

Was it really a hack, or just a convenient excuse? The crypto community remains skeptical. πŸ‘€
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πŸš€ Bitcoin to $124K Before 2024 Ends? ARK Invest Weighs In

πŸ“ˆBitcoin might hit $104K–$124K by year-end, according to ARK Invest’s David Puell, who sees the market about 55%-65% through the current bull cycle. 🧐

πŸ“Š On-chain metrics suggest a potential peak near $126K–$134K, though these could rise if momentum accelerates.
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πŸ’° Bitcoin ETFs in the US have attracted $6.2 billion in net inflows this November, setting a new record as Bitcoin surged near $100,000, fueled by optimism around President-elect Trump’s pro-crypto agenda. πŸ”₯

Funds from BlackRock, Fidelity, and others surpassed the February peak of $6 billion ahead of the launch of Bitcoin ETFs.

Bitcoin currently trades at $96,400, more than doubling this year.πŸš€
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πŸ” IntoTheBlock highlights that Bitcoin's volatility remains moderate despite its price surge to nearly $100,000.

This challenges the common criticism of its potential as a store of value. πŸ‘€
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πŸ“ˆ The number of posts on the social network X mentioning ETH has increased by 282% over the past 3 days.
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The total market capitalization of public mining companies has exceeded $40 billion! πŸ’°

This figure has doubled over the past 7 months amid the rise of the first cryptocurrency. πŸ“ˆ
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πŸš€ Bitcoin Nears $98,000β€”On Its Way to Overtake Google?

πŸ“Š To surpass Google’s market cap, Bitcoin needs to hit $105,000β€”assuming Google’s valuation remains unchanged. 🧐
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While Bitcoin was struggling to reclaim the $99,000 mark (spoiler: it didn't make it 😁), XRP surpassed BNB in market capitalization, securing the fifth spot among cryptocurrencies! πŸ“ˆ
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πŸ“Š USDT has significantly increased its dominance in the stablecoin market compared to 2022 (72% vs. 50%).

Additionally, the pace of minting new tokens matches the levels seen during the 2021 bull market. Since November, $13 billion has been minted, with a $3 billion increase just last week. πŸš€
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πŸš€ XRP Nears Previous Bull Market Highs!

XRP surged to $1.95, just shy of its last bull market peak of $1.9669 (Binance).

The rally is impressive:

β–ͺ️+13.5% in the past 24 hours.
β–ͺ️+262% over the past month!

While the all-time high remains above $3 from April 2018, XRP's current momentum shows its bullish spirit is alive and well. 🌟 Will it break new records soon? πŸ‘€
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And once again about Bitcoin's complicated relationship with $100,000 πŸ˜‚
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πŸš€ XRP’s Phenomenal Surge: $2.5 Milestone!

XRP has skyrocketed, reaching nearly $2.5 on Binance, and overtaking Solana in market cap, solidifying its position in the crypto market. πŸ’°

However, after last night’s rally, XRP, alongside Bitcoin and the broader crypto market, is now undergoing a correction. πŸ“‰
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Bitcoin surged by 37% in November, while Ethereum outpaced it with an impressive 47% growth during the same period! πŸ“ˆ

πŸš€ Both leading cryptos continue to show strong momentum as the market heats up. Will the trend carry into December? Stay tuned! 🌟
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