🪦 The #DOGE symbol is no more

In Japan, #Kabosu, the Shiba Inu dog who became the face of countless memes and the ambassador for #dogecoin, has passed away.

The dog lived for 18.5 years, which is quite impressive by canine standards. Let's remember Kabosu and thank her for her contribution to internet and crypto culture 💧

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⚠️ The Fear and Greed Index is at a historic high

Currently, it stands at 75

The index ranges from 0 (extreme fear) to 100 (extreme greed) and reflects the sentiment in the cryptocurrency market. A low value signals overselling, while a high value warns of a potential market correction.

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🪙 Whale #Bitcoin addresses are currently at their highest activity level in the history of #BTC.

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🖼 The US Treasury has recommended that regulators develop rules for #NFT

In a new report, the government body criticized non-fungible tokens, stating that the sector is at risk of fraud and facilitates money laundering. Among the common schemes mentioned were fake sales and #rugpull.

Let's congratulate the US Treasury in the comments for their timely measures regarding NFTs 👏

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📌 Trump #memecoin’s (yes, there are several 🫠) showed significant volatility yesterday

This happened against the backdrop of Trump being found guilty on 34 counts related to document falsification. The leader in growth was the new token #FreeTrump, which showed a +750% increase.

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🪙 #Bitcoin is leading in asset returns

#BTC shows a growth of +59.75% since the beginning of this year

🪙 In second place is silver with +24.8%

Next are the indices and gold:

#Nasdaq +14.16%
#Gold +12.87%
S&P500 +11.57%

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🪙 Capital inflows into spot #BTC ETFs have lasted a record 18 consecutive trading days

The most funds, $350 million specifically, have flowed into the #IBIT fund, which belongs to #BlackRock. Currently, their balance is valued at more than 300,000 #BTC.

BlackRock has bought all the businesses, and now they want to buy all the bitcoins 🗿

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🔼 Demand for #BTC is eight times higher than the mining rate by miners

The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.

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🪙 #Trump wants all remaining #bitcoin to be mined in the USA

The presidential candidate made this statement after meeting with representatives of the mining industry. Among other things, the convicted felon promised to defend the interests of miners if he wins the election and emphasized the importance of mining for ensuring the stability of the US energy system.

Apparently, Trump's new border wall will be built from ASICs 🤔


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