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Token Paper | All about crypto

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Token Paper | All about crypto

Worldcoin (WLD) Price Surges Over 15% to $3

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🔴Worldcoin (WLD) saw a 15% surge, reaching $3. This spike follows Worldcoin's announcement of expanding its World ID network into Ecuador. Verifications start in Guayaquil on June 26 and in Quito on June 27, targeting locals 18+.

💥This move boosts WLD as the project aims to provide global identities. Additionally, Worldcoin plans further expansion in Argentina with 50 new verification locations and investment in local talent.

⏺In Kenya, the government dropped its investigation into Worldcoin, clearing the path for resumed operations after earlier suspensions.

#Crypto #Worldcoin #WLD

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CEXs Remain Crucial for Crypto Adoption Despite FTX Collapse

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Despite the FTX exchange's collapse, causing $8.9 billion in lost user funds, centralized crypto exchanges (CEXs) are key to mainstream retail adoption. CEXs serve as the first interaction layer for new users buying cryptocurrency, fostering trust and ease of use.

🗣Mass Adoption: CEXs are expected to onboard the next 100 million retail adopters.
🗣User Trust: The trust in CEX companies and intuitive trading experiences attract new investors.
🗣Hybrid Exchanges: Offering a mix of CEX and decentralized exchange features, hybrids aim to rebuild trust post-FTX collapse.
🗣Institutional Adoption: Robinhood’s Bitstamp acquisition and Revolut's crypto exchange launch indicate positive trends for institutional crypto adoption.

CEXs continue to dominate trading volumes, with Binance handling $15.1 billion, compared to $3.56 billion on DEXs. However, hybrid exchanges could bridge the gap, combining CEX usability with DEX security.

#Crypto #CEX #FTX #Adoption

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Standard Chartered to Launch Spot Bitcoin, Ether Trading Desk in London

💬💬Standard Chartered is set to launch a spot crypto trading desk in London, trading bitcoin and ether under its FX trading unit. This marks its entry into spot trading for these top cryptocurrencies. The bank has backed Zodia Markets and holds a stake in Zodia Custody. Institutional interest has surged since the SEC approved spot bitcoin ETFs, with major hedge funds and banks investing heavily. The bank is working closely with regulators to meet institutional client demand.

#CryptoTrading #Bitcoin #Ethereum #StandardChartered

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Daily USDT trading volume in TON network reached $53 bln and exceeded USD transfers through Visa

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Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

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Osmosis DAO has voted to adopt a fee-free Bitcoin bridge, enabling 🟠Bitcoin (BTC) to move into the Cosmos ecosystem. This initiative involves a revenue-sharing agreement with Bitcoin bridge Nomic, addressing revenue distribution for deposits and withdrawals.

🗣The bridge aims to reduce friction for users moving BTC to other ecosystems for DeFi activities. With 95% community support, this move aligns with efforts to leverage BTC's value and bring liquidity to the broader digital asset industry.

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🛡️ Vitalik Buterin Offers Crucial New Security Practice for Ethereum

📉 $ETHUSD -0.28%

⚪️Vitalik Buterin recommends adopting mixed-case checksum addresses in ERC-3770 to enhance Ethereum's security. Checksummed addresses mix capital and lowercase letters, reducing the chance of errors in transactions. This practice, outlined in EIP-55, ensures addresses are correctly entered, lowering the risk of sending funds to the wrong address.

#Ethereum #VitalikButerin #CryptoSecurity

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Shiba Inu (SHIB) Metrics Squeeze Price

🔸 Market Cap & Activity Drop: Once in the top 10, SHIB’s market cap has dropped from $18B to $10.64B. Active addresses, new users, and zero-balance addresses have also seen declines.

🔸 Traders Prefer Short Positions: With a negative Funding Rate of -0.008%, trader sentiment is bearish, impacting SHIB’s potential for recovery.

🔸 Price Prediction: SHIB may trade sideways near $0.000018. A dip to $0.000016 is possible if many addresses sell to break even.

#ShibaInu #SHIB #CryptoAnalysis #MarketUpdate

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Simple Ton Coin (SIMPL) - Meme Coin on TON Blockchain

🔴Simple Ton Coin (SIMPL) blends meme coin enthusiasm with TON blockchain's robust infrastructure, making it a pioneer in this emerging niche. Launched with renounced contract ownership and a fixed supply of 100 million tokens, SIMPL prioritizes community engagement and transparency.

🔵Named after "Simple-Ton" from SpongeBob SquarePants, SIMPL has a vibrant social media presence on X and Telegram, engaging users through memes and discussions. Built on Telegram's TON blockchain, SIMPL boasts fast transactions and seamless integration with Telegram messenger, ensuring scalability and user-friendly experience.

🔘Listed on CoinMarketCap and traded on DeDust.io, SIMPL's roadmap includes tech development, DEX listings, community growth, and influencer outreach. SIMPL aims to lead as a transparent, community-driven meme coin on TON.

#SIMPL #MemeCoin #TONBlockchain #CryptoCommunity

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Introducing CupcakeHop

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: AI-Powered DeFi Portfolio Management Tool on PancakeSwap

🚀 Decentralized exchange PancakeSwap is gearing up to unveil CupcakeHop, an innovative AI-driven portfolio management tool.

🤖 Developed by Bril Finance and backed by PancakeSwap, CupcakeHop aims to democratize DeFi investments with tailored strategies and real-time risk management.

🎯 CEO Connor O’Shea outlines its AI capabilities, automating strategies for optimal returns while offering user-controlled risk via a unique "risk slider."

📊 Transparency is key: CupcakeHop ensures accurate investment reporting, providing users with clear insights into their portfolios.

💼 Bril Finance boasts impressive trading volumes, underscoring market confidence ahead of CupcakeHop’s August launch.

#DeFi #CryptoNews #AI

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🚨 Urgent Appeal from U.S. Lawmakers

🔵Two U.S. lawmakers are calling on the U.S. embassy in Nigeria to seek humanitarian release for Binance executive Tigran Gambaryan. He's been held since February on money laundering charges. Tax evasion charges were dropped last week.

🔴French Hill and Chrissy Houlahan visited Gambaryan in Abuja's Kuje prison, witnessing his poor health and challenging conditions. They urge his release due to innocence and health concerns.

#FreeTigran #HumanRights #Binance

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Bitcoin may go lower 🥇

According to TA indicators on the weekly chart: bears are gaining strength, oversold is still a long way away and the price is about to fall into the lower zone of the Bollinger Bands.

A BTC move below $63k opens the way for a stronger correction to the lower boundary of the channel at $52k, which would be minus 30% of the current high in price 🫡

None of this may happen if good news hits the market. But if this scenario starts to become a reality, then BTC at $52k is not a reversal of the bull market, it is a confirmation that we are still in the early stages of growth, when 30% drops are common.

There will be a lot of fear and pain though, especially for those - who are in altcoins 🙁

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🥇Since March 14, BTC is down 14% (despite purchases by 11 funds)

😎Gold is up 10% over the same period of time.

😏Many people sold their gold ETFs to buy bitcoin.

😏Now those buyers have lost 24%. How soon will they realize they made a mistake?

Peter Schiff, gold supporter

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Nigeria Rejects Claims on Binance Exec's Health

🔻Nigeria's Federal Government denies claims of poor prison conditions for Binance exec Tigran Gambaryan, stating he receives quality medical care and consular services. 🇳🇬

🔻Minister Mohammed Idris emphasized adherence to lawful trial and judicial integrity. The rebuttal follows U.S. Congress members' call for Gambaryan's release, highlighting his health concerns.

Nigeria insists Gambaryan’s detention is court-ordered, with full consular support and necessary healthcare.

#Binance #Nigeria #Justice

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50 Cent Claims X Account Hacked to Promote Memecoin

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Rapper 50 Cent revealed his X (formerly Twitter) account was hacked to push a fraudulent crypto token, $GUNIT. The hackers used his 12.9M followers to pump the token's price, then drained its value, causing it to crash to $0.00016.

👀On June 21, 50 Cent informed his 32.8M Instagram followers about the hack and stated that $300M was stolen in 30 minutes. However, trading data shows the token's volume was $19.4M.

Celebs like Caitlyn Jenner have also been involved in similar crypto controversies recently.

#50Cent #CryptoScam #Memecoin

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Crucial SHIB Warning for Shiba Inu Community

🕊Lucie, the Shiba Inu dev team's marketing expert, issued a vital alert on X (formerly Twitter) to all crypto enthusiasts, urging them to stay vigilant against scammers targeting both veterans and newbies in the crypto space.

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"Remember, do good and good will come to you. Be careful and not naive—exercise caution and due diligence."

👀 Ledger has also warned of a new scam, "address poisoning," affecting TRX, MATIC, and ETH wallets. Always double-check wallet addresses before making transactions!

#SHIB #CryptoSafety #ScamAlert

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Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa

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🤫USDT, Tether’s stablecoin, has achieved a monumental milestone! On the Tron blockchain, USDT's daily transaction volume hit an incredible $53 billion, surpassing Visa's average of $42 billion. This highlights the growing trust in stablecoins and their potential to revolutionize finance.

💡 Stablecoins offer stability, pegged to fiat currencies, making them ideal for everyday transactions. As regulations evolve, stablecoins are poised to reshape the global financial landscape.

#USDT #Stablecoins #CryptoRevolution

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🔒 Digital Chamber Raises Privacy Concerns Over IRS Crypto Tax Draft 🔒

💥The Digital Chamber of Commerce has voiced its concerns regarding the IRS’s proposed Form 1099-DA for reporting digital asset transactions. The Chamber suggests simplifying the form to ease its use for brokers and protect taxpayers' privacy by requesting only essential information.

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Key Points:

🗣The draft form requests excessive information, including transaction IDs and digital asset addresses.
🗣Such details could infringe on taxpayers’ privacy and should be collected only if criminal activity is suspected.
🗣The Chamber urges the IRS to provide specific broker instructions for public review before finalizing the form.

#CryptoTax #PrivacyMatters #Blockchain

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