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Stocks & Crypto Coins Updates

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DEX volumes double over previous month.

DEX volumes for November came in hot at $110 billion, up 116% from the $50.8 billion in October (This marks the third highest month of DEX volumes for 2022, behind May and January).

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North Korea issues emergency order to prepare military combat units at all levels.

What's happening?
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Bankrupt crypto lender Celsius gets court approval for extension to file restructuring plan.

Celsius’s new deadline for submission is Feb.15, 2023. The tweet also said the company would use the extended time to explore “ plan for a stand-alone business.”

The court will decide “likely’ next week” whether to allow Celsius Network to sell stablecoins to “provide liquidity for our continued operations.”

Celsius Network applied to sell US$18 million of stablecoins in its “Earn” account for reorganization, but customers of the account argued that the stablecoins in the account belonged to them and that the crypto lender cannot liquidate them.

Celsius filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York in July. A court filing by consulting firm Kirkland & Ellis revealed a US$2.8 billion liabilities in Celsius’ balance sheet.

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SushiSwap proposes to direct 100% of xSUSHI revenue to treasury wallet.

Head Chef, "I’ve spent most of my time analyzing the operational and budgetary expenses and liabilities to ensure the project’s long-term success. After reviewing expenditures, it’s clear that a significant deficit in the Treasury threatens Sushi’s operational viability, requiring an immediate remedy."

Full proposal: https://forum.sushi.com/t/reinstated-increase-kanpai-treasury-allocation-to-100/11475

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IYKYK.

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Host: Where did you get the money to buy shares of Robinhood?

SBF: {Playing league of legends} stammers. stutters. full video here: https://twitter.com/ricburton/status/1599800323253891073

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Smart?

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$BUSD is dominating $USDC and $USDT on exchange reserves.

BUSD number has increased by 40%, while USDT & USDC are going down bad.

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Coins ( ₿ )
IYKYK. 📍 Follow @Coins for the hottest news in crypto.
Jim Cramer says he does not see a recession coming.

😐

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Alameda's VC portfolio was published by Financial Times a couple hours ago.

Here are the largest token investments according to the spreadsheet published by FT:

HOLE - $67.5m
Polygon - $50m
NEAR (FTX) - $50m
Port Finance - $33.5m
NEAR (Alameda) - $30m
MINA - $20m
Fuel - $15m
1Inch - $10m
Secret Network - $10m
Euler - $5.6m

Stay safe.

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Full portfolio tokens that Alameda invested:

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Warner Music, Polygon and LGND partner to launch Web3 music platform.

The platform LGND Music is set to officially launch in January 2023, and will also include dance record label Spinnin’ Records.

https://cointelegraph.com/news/warner-music-polygon-and-lgnd-io-partner-to-launch-web3-music-platform

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ConsenSys Data Retention Update.

We are working on narrowing retention to 7 days and we will append these retention policies to our privacy policy in an upcoming update.

We have never and will never sell any user data we collect. We use data strictly in adherence with the use limitations described in our privacy policy.

We are also making some updates to MetaMask to reinforce our commitment to user choice. While Infura is the pre-loaded default RPC provider when users install MetaMask, sometimes a user wishes to designate an alternate third-party RPC or self-host their own node.

From a privacy perspective, we caution that these alternatives may not actually provide more privacy; alternate RPC providers have different privacy policies and data practices, and self-hosting a node may make it even easier for people to associate your Ethereum accounts with your IP address.

Full Blog: https://consensys.net/blog/news/consensys-data-retention-update/

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