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Sure! See the revision below: 🚀 Waterfall Network’s Explosive Growth! @waterfall_network launched with 2048 validators, and within the first month, we’ve seen a 338% surge in deployed validators–– thanks to the dedication of our developers, founding team, community, and ecosystem builders. 🌱 To make node management seamless, we’ve partnered with top infrastructure providers like @Infstones, @Piconbello, and Stardust. Learn more about our partnerships here: https://waterfall.network/staking-infrastructure-providers. @waterfall_network has also successfully completed a security audit with @Hackenai – Blockchain Security Auditor! 🔐 A special thanks to the Google Cloud Web3 Startup Program for supporting our validator testing. We’re proud to be the first L1 decentralized and scalable ledger to pass testing with a record 1,573,892 validators, with servers spanning 5 continents, including islands like Japan and Taiwan. 🌍 *For context: Validators on Ethereum, Gnosis, Elrond, Cardano, and others are smaller in comparison. And this is just the beginning! Dr. Sergii Grybniak, Head of Research, has been representing Waterfall Network at key events like Coinfest Asia 2024, Korean Blockchain Week, and the Web3 Technical Application Conference in Hangzhou, showcasing our exciting vision for the future. 🌍🔥 Don’t miss out– join the Waterfall revolution today: https://www.gate.io/uk/trade/WATER_USDT 🌊✨

🚀 Digital Chamber and Wiley Nickel Lead Bitcoin Policy Discussion 💡 The Digital Chamber, in collaboration with Congressman Wiley Nickel, took center stage this week, hosting a dynamic Bitcoin roundtable. The focus? National security, financial inclusion, privacy, and sustainability in the ever-evolving world of cryptocurrencies. 🤝 Cody Carbone, President of The Digital Chamber, stressed the importance of working hand in hand with lawmakers from both sides of the aisle. Their goal? To ensure that Bitcoin and its digital counterparts are at the heart of a fairer and more sustainable economy for all. 📢 In a Thursday update, The Digital Chamber hailed the roundtable as a resounding success, describing it as a "productive conversation" on key issues such as national security and financial inclusion. They also reaffirmed their commitment to fostering ongoing dialogue and supporting innovation. ♾ Wiley Nickel has long been a champion for the digital asset industry. His advocacy work gained traction when he co-introduced a resolution aimed at challenging the SEC's controversial accounting bulletin. He's not afraid to speak up either, recently contrasting political leaders' views on crypto during a livestreamed town hall event. ⚠️ However, Nickel sounded a note of caution, warning against turning cryptocurrency into a political football. He urged his colleagues not to let partisan squabbles hinder U.S. progress in this rapidly expanding field. As he put it: "We want innovation and consumer protection – let's not give this issue to Trump."

💎 Playing and claiming rewards from the P2E game Bears Rumble ICO ⚡️ Bears Rumble ICO is an exciting P2E game in which we will have to play as a bear and with the help of alien technology to overcome the game obstacles by completing quests. The project has CERTIK certification. Later game assets will turn into NFTs, which we will be able to exchange and sell, with 20% of our tokens to drop our players. ⭐️ The project has not been released yet, the presale is planned in 15 days, so now you can join us on our social networks to become early users and participate in our activities. Subscribe to Telegram, Discord and keep an eye on our Official website.

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11 years of history, the founder’s escape, the construction of the project by enthusiasts and the true blockchain spirit. No, this is not a plot of a TV series, but the real story of DMD Diamond — a hidden gem in the world of crypto. The project survived several Bitcoin crashes, saw the collapse of Mt. Gox, Terra, FTX and other crypto giants. DMD Diamond not only managed to survive all these projects, but also to present a unique development in the field of blockchain: a network with the Honey Badger BFT cooperative consensus algorithm and full support of EVM. Completely decentralized and 100% community driven DMD Diamond pays tribute to the REAL values ​​of the blockchain, uniting enthusiasts by the idea of ​​wealth and true decentralization. Join this incredible project where every community member is valued: https://t.me/+brJ_NtrtGfwyNTdi

🔒 Audit Clears Liminal Custody of Responsibility in $230M WazirX Hack ➡️ In a surprising turn of events, an independent audit has absolved Liminal Custody of any involvement in the $230 million hack that rocked the WazirX exchange back in July 2024. 🔍 Initially, fingers were pointed at Liminal's interface, but the audit conducted by Grant Thornton has now revealed that the breach occurred outside of Liminal's secure system. 💼 Liminal Custody, a Singapore-based crypto custodian, is breathing a sigh of relief as the investigation found no evidence of compromised systems in their frontend and backend infrastructure. 🔐 The company's robust security measures, including its multi-signature wallet model, were highlighted as key factors in safeguarding client funds. Transactions are initiated by clients themselves, suggesting the breach may have originated from the client's end. 🟠 While this news is certainly a win for Liminal Custody, it's important to note that a more comprehensive review is still required to fully understand how this breach occurred. 📌 In the aftermath of the hack, tensions ran high between WazirX and Liminal Custody, with each party questioning the other's security practices and audit veracity. This audit result may help mend some fences.

🆘 U.S. Lawmaker French Hill Demands Release Of Detained Binance Executive After Shocking Video 🔒 U.S. Congressman French Hill (R-AR) is not mincing words when it comes to the detainment of Binance executive Tigran Gambaryan in Nigeria. A disturbing video has emerged, showing Gambaryan's health visibly deteriorating. 🗣 Rep. French Hill Calls For Release Of Binance Executive In response to the footage, Hill took to social media, expressing his outrage: "This is outrageous! The Nigerian government must release Tigran immediately – his condition is rapidly declining." 📹 The shocking footage reveals a frail Gambaryan struggling to walk during a court appearance, where he faces money laundering charges related to his time at the crypto exchange. However, doubts linger about the legitimacy of his arrest. 🟢 "I'm not okay," cries Gambaryan in the video, questioning why he wasn't provided a wheelchair. "This is a show... I'm innocent!" 🌐 Binance, too, has voiced deep concern over Gambaryan's well-being. A spokesperson for the exchange said, "We are extremely distressed by this video. His health is rapidly declining." ⚠️ Tigran Gambaryan’s Health In Jeopardy Amid Imprisonment Gambaryan has been held since February, when he traveled to Nigeria for digital asset policy discussions. His colleague managed to escape custody, but Gambaryan's health has taken a severe hit. ⚠️ Congressman Hill and Congresswoman Chrissy Houlahan (D-PA) visited Gambaryan earlier this year and witnessed his battle with double pneumonia and malaria.

📣 Matter Labs Streamlines for ZKsync Era, Offers Support to Departing Team Members 📉 Matter Labs is making strategic moves, reducing its team by 16% to adapt to the changing landscape of ZKsync Era and ZK Chains. CEO Alex Gluchowski shared the news on September 3, assuring that this decision is not a reflection of performance but rather a realignment of resources. 🔄 As the market demands new technologies, Matter Labs recognizes the need to adjust its organization accordingly. The launch of Elastic Chain and ZK Nation prompted a thorough evaluation, leading to this restructuring effort. 💼 To support the affected employees during this transition, Matter Labs is offering an extensive exit package. This includes three months of base salary, four months of healthcare coverage, personalized career services, and continued immigration assistance for four months. 🙏 Gluchowski expressed his gratitude to the departing team members for their contributions and acknowledged the ongoing dedication of those remaining. He sees this as a step towards further advancing freedom through their transformative work. 📉 Following suit, RDX Works has announced a 15% reduction in its workforce as part of a broader restructuring initiative. CEO Piers Ridyard emphasized that despite these changes, important projects like Flash Liquidity and advancements in account security will continue as planned.

👑 Unlocking the Cosmos: StarChain's Blockchain Revolutionizes Astronomy 🚀 Remember those childhood dreams of exploring the vastness of space? Now, thanks to StarChain, our fascination with the stars is taking a quantum leap into the world of blockchain. ⚡️ Gone are the days of limited resources; this innovative crypto platform is bringing astronomy to the masses with its cutting-edge features. 🔔 At its core, StarChain is a celestial research hub, aiming to democratize scientific data. By harnessing the power of AI and blockchain, they've created a decentralized treasure trove called the StarChain DataStore. ⏳ No more tedious data analysis! StarChain's AI validates and interprets this cosmic knowledge, saving time for researchers and enthusiasts alike. 💡 But it doesn't stop there. StarChain rewards contributors with their very own native token, aptly named STRC, for their invaluable data uploads. 📊 With over a billion data points sourced from 11 major repositories, the StarChain DataStore is an astronomical goldmine. And guess what? It's all free! 🌐 vPlus, accessing this celestial database is a breeze with its user-friendly interface and well-documented JSON APIs. Talk about shooting for the stars!

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➡️ Revolutionizing Real Estate: Tokenization vs. ICOs 💰 Real estate tokenization is taking the world by storm, setting itself apart from the traditional Initial Coin Offerings (ICOs). With $10.3 billion already raised globally in 2021, this trend shows no signs of slowing down, with a projected market value of $4.22 billion by 2027. 📈 Emerging Use Cases In Fort Collins, Colorado, the historic "Old Stone Church" is making waves as it becomes the latest property to be tokenized. The aim? To raise a whopping $2.5 million for ownership shares, offering a fresh approach to securing real estate. 🌍 Global Reach Natalia Karayaneva, CEO of Propy, highlights the growing interest in real estate tokenization, with over 240,000 home addresses already minted on their blockchain platform. This digital revolution isn't just limited to residential properties; commercial spaces are also joining the fray. 🔑 Unlocking Accessibility Fractional ownership is a game-changer, allowing investors to dip their toes into real estate with a smaller financial commitment. As Karayaneva explains, this democratizes access and opens doors for a broader range of participants. ➡️ From Renting to Owning The Colorado House of Prayer is embracing tokenization to take control of their church's destiny. By issuing "Stone Coins" on the Polymesh blockchain, they're empowering both their congregation and outside investors to have a greater say in the building's future.

🔥 Russian Stock Exchange Squashes Crypto Exchange Rumors, Focuses on Traditional Markets 🚫 The Saint Petersburg Currency Exchange (SPVB) has firmly denied recent reports suggesting its imminent foray into the world of cryptocurrencies. In a statement, the exchange made it clear that it has no plans to dabble in crypto-related services. ⚡️ While the SPVB dismissed the media buzz as baseless, it's worth noting that the idea of a state-run crypto exchange has been gaining traction among influential figures in Moscow. 💼 Notably, the SPVB is actively seeking a new head of anti-money laundering operations with expertise in digital financial assets and cryptocurrencies. This move hints at a growing interest in exploring the regulatory aspects of this emerging market. 🌐 These developments come against the backdrop of Russia's upcoming legalization of industrial crypto mining and the use of digital currencies in international trade. As September approaches, the country seems poised to embrace the potential of blockchain-based finance.

🚀 Orbiter Finance Rockets Past Competitors with $52.7m Annual Revenue from Cross-Chain Protocol 🟥 Orbiter Finance, the decentralized cross-bridge rollup project, is making waves in the crypto world. In a stunning announcement on Friday, they revealed an impressive 20,000 ETH ($52.7m) in annual revenue from their cutting-edge cross-chain bridging protocol. This milestone puts them lightyears ahead of other third-party bridges. 📈 TokenTerminal data confirms that Orbiter's earnings have left competitors in the dust, surpassing even Base's respectable $39m for the same period. It's clear that Orbiter is not just crossing chains; they're crossing into a league of their own. ⚡️ The secret to Orbiter's success? Low gas fees that have users cheering. With Ethereum's mainnet often resembling a congested spaceport, Orbiter's affordable fees are like a breath of fresh air for traders and investors alike. 🔄 Over 24 million transactions have passed through the Orbiter Bridge so far, with a staggering volume exceeding $16 billion. These numbers speak volumes about the trust and popularity this interstellar conduit has gained among its 4 million global users. 🔴 Born during the DeFi and NFT frenzy, Orbiter Finance was a visionary project when many were still focused on the surface-level excitement. Co-founder Cheung shared that while others were skeptical of ZK technology, they saw its potential to revolutionize the industry. Their gamble paid off handsomely. ➡️ Looking ahead, Orbiter has its sights set on even greater heights. Their plan includes integrating Vizing, an omnichain interoperability layer powered by ZK technology. This upgrade will not only enhance liquidity but also ensure security as they continue to forge connections across multiple chains.

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🚨 Russian and Belarusian Police Bust Money-Laundering Crypto Exchange! 🔒 In a major crackdown, authorities in Russia and Belarus have apprehended 60 individuals involved in an alleged crypto exchange scam that served as a front for money laundering. 💰 The international criminal group behind the operation was accused of not only offering fraudulent crypto trading services but also engaging in the deceptive sale of commodities and foreign currencies. 🏠 80 raids were conducted across Moscow and Minsk, with officers seizing a treasure trove of evidence, including computers, mobile devices, and accounting records from the gang's five call centers. ⚡️ Among those detained was an alleged mastermind, who had amassed a fortune of over 8 million rubles and possessed a stash of foreign currency worth more than 23 million rubles. 📉 This incident highlights the urgent need for regulation in the Russian crypto market, which remains largely unregulated. Meanwhile, Belarus is gearing up to launch a criminal case against the suspects. ⚠️ Notably, this comes on the heels of recent arrests in Russia involving individuals accused of using cryptocurrencies to fund the Armed Forces of Ukraine.

🌟 Dubai Court Embraces Crypto: A Win for Employee Salaries! 💼 In a groundbreaking move, the Dubai Court of First Instance has just given a thumbs-up to crypto salaries. This legal victory, emerging from case number 1739 of 2024, signals a major shift in the United Arab Emirates' attitude towards digital currencies. ⚡️ Legal experts, like Irina Heaver from NeosLegal, are hailing this decision as a "progressive approach" that recognizes the changing landscape of financial transactions in the Web3 era. 🟢 The courtroom battle that led to this historic ruling revolved around an employment dispute. The plaintiff, an employee, claimed unpaid wages and other benefits, including 5,250 EcoWatt tokens as part of their monthly salary. 💰 Over six months, the employer failed to deliver on the cryptocurrency component, prompting the employee to take legal action. ✅ Fast forward to 2024, and the Dubai Court has come down firmly on the side of the employee. They've acknowledged the validity of crypto payments laid out in the employment contract and ordered the employer to honor their commitment without converting it into fiat currency. 🔄 This decision is a sharp departure from a similar case in 2023 when crypto wages were denied due to valuation complexities. Now, with this precedent set, we may see more companies embracing digital assets for payroll.

🚀 Run a Node - Contribute to the Security of Waterfall Network - Earn $WATER! 🚀 Hey everyone, I’ve got some exciting news for all you blockchain enthusiasts! 🌐 @waterfall_network , a highly scalable and decentralized BlockDAG EVM-compatible Layer 1 protocol, has just launched its Mainnet on June 28 and got listed on Gate.io on July 17. 🎉 Here’s why you should care: 🔹 Industry Legends on the Team: Ron Resnick: Former Executive Director of Enterprise Ethereum Alliance Jeff McDonald: Former Co-founder of NEM Richard Wang: General Partner at Draper Dragon Fund And a top-tier R&D team 🔹 Get Started: To run a node, you need 32,000 $WATER coins (one validator requires this amount). Check out $WATER on Gate.io. 🔹 Check the Rewards Statistics Page: https://waterfall.network/individuals#statistics_block 🔹 How to Run a Node: 💻 DIY Setup: Follow the guide to set up a node on your computer: https://docs.waterfall.network/tutorials/setup-docker-node-mainnet/ ☁️ Cloud Hosting: Ensure 24/7 uptime with popular cloud hosting services. Instructions here: https://docs.waterfall.network/tutorials/ 🌎 Staking Infrastructure Providers: Partner with providers worldwide, each offering unique terms. Find your match: https://waterfall.network/staking-infrastructure-providers Don’t miss out on this chance to join the Waterfall Network and start earning $WATER today! 🌊💧 🔔 Follow Waterfall on social media: Discord: https://discord.gg/Nwb8aR2XvR Coinmarketcap: https://coinmarketcap.com/community/profile/waterfall_network/ Twitter: https://twitter.com/waterfall_dag Telegram: https://t.me/waterfall_network

🌍 Stablecoins: The Road to Inclusion Meets Regulatory Crossroads 💰 With a whopping $160 billion market cap, stablecoins have emerged as a game-changer for financial inclusion. But their future hangs in the balance, as global regulators grapple with uncertainty. ➡️ Regulatory riddles loom large, threatening to reshape the very fabric of stablecoin operations. Issuers may face the heat, compelled to revamp their business models under regulatory scrutiny. 🔒 While some argue that this makes stablecoins less like securities and more like currencies, the tide may be turning. The European Union and Switzerland are exploring legislation that could cast a shadow on these digital darlings. ❓ As we ponder the fate of stablecoins, one thing stands out: their reliance on central issuers sets them apart from other digital assets. This unique characteristic raises eyebrows and regulatory questions alike. 💼 Profit or not, the line blurs. A New York court ruling suggests that when yields enter the picture, stablecoins could be seen as securities. And let's not forget the profits reaped by issuers like Tether and Circle. 🤝 Arguments fly in legal battles, with Circle defending stablecoins' non-security status based on user expectations. But the SEC points to yields offered by Binance's BUSD as evidence of security-like traits.

🚨 Breaking: Marathon Digital To Buy Bitcoin🪙 From $250M In Convertible Notes 🤑 Crypto firm Marathon Digital announced plans to buy Bitcoin through offering $250 million of convertible senior notes to qualified institutional investors. 👉 Read more

📢 HMRC's 'Nudge Letters' Target Crypto Tax Dodgers in the UK 📝 The UK's tax authority, HM Revenue & Customs (HMRC), is cracking down on individuals who have failed to report and pay taxes on their crypto gains. 💌 HMRC has already started sending out letters to investors who may have overlooked their tax obligations, with more reminders set to be dispatched next month. 💰 It's not just profits from buying and selling crypto that are taxable; income from lending, staking, mining, and even employment in the crypto space can also attract the taxman's attention. ⚡️ Failure to declare past gains could result in penalties and interest on late payments, so it's crucial for crypto investors to take heed of these reminders. 📈 Capital Gains Tax (CGT) is the go-to framework for taxing crypto profits, as per HMRC's stance. Even if you're not a full-time trader, CGT may still apply. 💼 BDO tax partner Paul Falvey warns that many crypto owners might be caught off guard by these letters but ignoring them would be a grave mistake. 🔴 The UK isn't just targeting tax dodgers; it's also tightening the screws on crypto advertising. The Financial Conduct Authority (FCA) recently released new guidelines to ensure compliance in this space.

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💎 Playing and claiming rewards from the P2E game Bears Rumble ICO ⚡️ Bears Rumble ICO is an exciting P2E game in which we will have to play as a bear and with the help of alien technology to overcome the game obstacles by completing quests. The project has CERTIK certification. Later game assets will turn into NFTs, which we will be able to exchange and sell, with 20% of our tokens to drop our players. ⭐️ The project has not been released yet, the presale is planned in 3.5 months, so now you can join us on our social networks to become early users and participate in our activities. Subscribe to Telegram, Discord and keep an eye on our Official website.

🔴 South Korean Crypto Exchange GOPAX Faces Fiat Trading Crisis 📉 Capital Erosion and Failed Takeover: South Korean exchange GOPAX is in trouble, with its banking partner Jeonbuk Bank now reconsidering their contract renewal. The exchange has been struggling financially for years, and a failed takeover bid by Binance has only worsened the situation. 🤝 Regulatory Hurdles and Unresolved Sale: Binance's attempt to acquire a majority stake in GOPAX hit a roadblock due to regulatory intervention. Talks of selling the stake to Megazone have also hit a snag, leaving regulators skeptical. This uncertainty is causing concern for Jeonbuk Bank. 💼 Fiat Trading at Stake: Without the banking partnership, GOPAX may be forced to limit itself to crypto-to-crypto trading. This could potentially strengthen the dominance of the "big four" exchanges in South Korea's crypto market – Upbit, Bithumb, Coinone, and Korbit. ⏰ Temporary Relief or Reversal?: Jeonbuk Bank is considering a temporary extension of the contract, but the final decision hinges on regulatory approval of the Megazone deal. If successful, it could turn GOPAX's fortunes around by reducing Binance's stake significantly.

⚡️ David Plouffe Joins Kamala Harris’ Campaign, Bringing Crypto Expertise ✅ Former Obama adviser and crypto expert David Plouffe is joining Kamala Harris' campaign as a senior adviser, adding a new dimension to her team. 🔔 Plouffe, who played a pivotal role in Obama's campaigns, will bring his insights and experience to help shape Harris' strategy. 🎙 As part of this move, Plouffe will take a break from his popular podcast, The Campaign Managers, but will continue working with his private sector clients. 💼 Notably, Plouffe has also been involved with Binance, joining their Global Advisory Board last year to navigate the complex landscape of regulation and politics in the crypto industry. 🟠 The move comes at a crucial time, as the Official Monetary and Financial Institutions Forum (OMFIF) suggests that Harris needs to clarify her stance on crypto to compete with Donald Trump's vocal support for digital assets. 📈 With Trump aiming to make the U.S. the "crypto capital," it's clear that the race for crypto-friendly policies is heating up on both sides of the political spectrum. Harris can't afford to stay silent on this issue any longer.

🚨 Montenegrin Court Orders Do Kwon’s Extradition to South Korea, Rejects U.S. Appeal 🌍 After a 16-month legal battle, Terraform Labs co-founder Do Kwon is finally set to face charges in his native South Korea. Montenegro's court of appeals ruled in favor of extradition, leaving the U.S. appeal rejected. 💥 The collapse of the Terra/LUNA ecosystem, wiping out $40 billion, triggered this international tug-of-war between two countries seeking justice. ✅ Kwon's arrest at Podgorica Airport in March 2023 marked the end of his run, as he tried to escape using a fake passport. His partner, Chang Joon, faced the same fate. 💰 The financial fallout from the Terra/LUNA collapse has been immense, with a New York jury finding Kwon and Terraform Labs liable for civil fraud, resulting in a hefty $4.5 billion settlement with the SEC. 🔍 Amidst political allegations and investigations involving crypto support for parties, Kwon's stay in Montenegro became a complex affair. 🤝 Now, with Interpol's involvement on the horizon, the stage is set for Kwon's extradition and a potential turning point in this high-stakes crypto saga.

📈 Donald Trump Still the Favorite ✅ Despite impressive gains by Kamala Harris, Polymarket betters are sticking with their prediction that Donald Trump will emerge victorious in the 2024 U.S. presidential election, giving him a solid 61 percent of the vote. 📌 Polymarket's Bold Forecast: The official election forecast from Polymarket doesn't bode well for Harris, as she trails behind with just 37 percent of the vote. Other political figures like Robert F. Kennedy Jr., Nikki Haley, and Elizabeth Warren are barely making a dent. ➡️ Trump's Unwavering Popularity: Trump has consistently been a favorite among Polymarket users, even overshadowing current President Joe Biden, who had a mere 19 percent support in the previous poll. 🔔 Biden Bows Out, Backs Harris: In a surprising move, Biden announced his withdrawal from the race and threw his full support behind Harris, urging Democrats to unite and defeat Trump. The 2024 race is getting more intense by the day. 💰 Trump Talks Crypto: At the Bitcoin 2024 Conference, Trump made it clear that he sees a future for cryptocurrencies in America, vowing to make the country the "crypto capital of the planet." While Harris didn't attend, billionaire Mark Cuban hints that she might be more open to crypto than Biden.

📌 Argentina Crypto Exchanges Face New Regulations: Operating Permits Now Required 🛡 Regulator's Mandate: Argentina's financial watchdog has issued a decree, making it mandatory for crypto exchanges to obtain operating permits. This applies to both individuals and legal entities involved in the trade. 🔒 Virtual Asset Service Providers Registry: The country's Securities and Exchange Commission (CVM) has established the PSAV, a registry that crypto vendors must now join to continue their operations. 🌍 No Exceptions for Foreigners: The ruling isn't limited to Argentine citizens; it also encompasses foreign traders who engage in cryptocurrency transactions within the country. 📝 Disclosure Requirements: Vendors will need to furnish the CVM with personal details like full names, dates of birth, addresses, tax codes, and contact numbers. Online presence, including website URLs and social media handles, must also be shared. 🖥 Transparency is Key: Approved applicants will be assigned unique CVM registration numbers, which they must display on their websites and social media profiles. ⏳ Compliance Deadline: Companies and individuals have a grace period of up to 45 days to ensure they meet the new regulatory obligations. ⚠️ Legal Gazette Announcement: Once published in the official Legal Gazette (Boletín Oficial de la República Argentina), these rules will come into effect. 💼Crypto Landscape Shifts: This development follows closely on the heels of Argentina allowing domestic businesses to embrace cryptocurrencies for purchases and investments. 🤝 Regional Collaboration: Earlier this year, Argentinian regulators engaged with their counterparts from El Salvador, where Bitcoin adoption has made significant strides. 💰 Defining "Virtual Assets": The CVM's ruling clarifies that virtual assets are digital representations of value used for payments or investments, emphasizing their digital and tradable nature.

🚀 Peru's Central Bank and Viettel Peru Join Forces for CBDC Pilot: A Leap into the Digital Future! 🔔 Peru's Central Reserve Bank (BCRP) is making waves in the financial world as it teams up with Viettel Peru S.A.C. to embark on an exciting year-long pilot program for a Central Bank Digital Currency (CBDC). 🤝 This groundbreaking collaboration aims to not only integrate digital currency into Peru's financial system but also to modernize its infrastructure, paving the way for a more inclusive and efficient economy. 🌐 The BCRP is leaving no stone unturned, engaging with various stakeholders to ensure that the design and functionality of this digital leap align with their vision. The goal? To make adoption a breeze and tackle any potential roadblocks head-on. ✅ Back in March 2023, the BCRP released a forward-thinking report highlighting the benefits of a CBDC. It emphasized that this digital form of currency can work hand in hand with traditional banknotes and coins, creating a comprehensive payment ecosystem. 💡 But why is this move so crucial for Peru? Well, the country faces its fair share of challenges when it comes to transitioning from cash to digital payments. With low financial inclusion and high service costs, a digital revolution could be just what the doctor ordered. 🔍 The BCRP has been exploring its options, considering everything from maintaining the status quo to improving existing systems. However, it's clear that introducing a CBDC is seen as a game-changer, offering instantaneous payments, universal accessibility, and a multitude of use cases.

📉 Binance Report Reveals Crypto Market's Downturn: A Rocky Road Ahead? ➡️ The crypto market has been through a rollercoaster ride, and the latest report from Binance highlights the downturn in its total capitalization. Despite a partial recovery, we're still 14% below the peak we saw in March. ✔️ What Caused the Storm? The report points to some key events, like the German government selling off 50,000 BTC and the US government moving 3,940 BTC. Add to that Mt. Gox's creditor repayments, and you've got a recipe for market turbulence. 💼 Structural Weaknesses Unveiled The researchers at Binance have come up with a framework called "Capital, People, and Technology (CPT)" to analyze market forces. It suggests a slow decline in capital inflows, which could lead to increased competition and market disturbances. 🟢 A Glimmer of Hope? It's not all doom and gloom. The report highlights positive catalysts that could put us back on track. Think macroeconomic indicators like inflation reduction and interest rate cuts, as well as new capital flows once stablecoin supply increases and Ethereum ETFs hit major exchanges. ⚡️ While the crypto market may be facing headwinds, it's important to remember that it's a dynamic space where change is constant. So buckle up and keep an eye out for those potential tailwinds that could steer us towards brighter days.

🚀 Wintermute Expands Offerings with CFDs on oneZero Network 💼 Wintermute Asia, the crypto trading firm, is making waves again! This time, they're integrating spot and CFD products into the prestigious oneZero network. 📈 The introduction of CFDs in March has been a game-changer for Wintermute, with trading volumes skyrocketing by over 300% in just a few months. 🔄 What are CFDs? They're contracts for difference, allowing traders to speculate on price movements without owning the underlying asset. It's like surfing the waves of market trends! 👌 oneZero network, a favorite among banks and financial institutions, is now home to Wintermute's expanding range of offerings. It's like joining an exclusive club for top-tier liquidity providers! 📌 Evgeny Gaevoy, the CEO of Wintermute, explains that as the crypto market gains momentum, investors are turning to crypto CFDs as a way to both enhance returns and hedge risk. It's all about playing it smart! 💼 Wintermute isn't stopping there! They've also introduced multi-currency collateral support, giving traders more flexibility when it comes to margin collateral for their CFD trades. 🌐 And let's not forget their recent involvement in supporting Hong Kong's new Bitcoin and Ethereum ETFs. Wintermute is all about providing liquidity and keeping the crypto market flowing smoothly. 📈 Despite the challenges faced by crypto exchanges this year, Wintermute has managed to defy the odds with a staggering 400% increase in OTC trading volumes. They're riding the wave of success!

📢 Argentina Government Tells Citizens: Declare Your Crypto or Face Extra Taxes ⚡️ Argentina Government: Keep Your Crypto in This Country to Avoid Extra Taxes 🔍 The Argentinian government has made it clear: if you hold cryptoassets, you better declare them. But there's a catch – you can avoid certain taxes if you do. 💰 The new amendment to money laundering laws allows for a tax exemption on up to $100,000 worth of Bitcoin and other tokens, but there's a twist. 📝 To qualify for the exemption, your crypto must be held on platforms registered with the National Securities Commission (CNV). Many Argentines use international wallets, which won't cut it. 🟢 And here's where it gets tricky. The value of your coins must be accurate as of December 31, 2023. But if the market rates are lower, you can use the "acquisition value" instead. ➡️ This poses a challenge for stablecoin holders, as the media points out that the market value of USD-pegged tokens is often higher than official rates in Argentina.

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✅ CME Group and CF Benchmarks Launch Ripple and Internet Computer Indices: Expanding the Crypto Frontier! 📈 The Chicago Mercantile Exchange (CME) Group and CF Benchmarks are breaking new ground by introducing Ripple (XRP) and Internet Computer (ICP) indices, starting July 29. This move aims to provide accurate and reliable pricing information for these digital assets. 🔍 These indices will be calculated using data from reputable exchanges like Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital. By leveraging this diverse data pool, CME Group's Global Head of Cryptocurrency Products, Giovanni Vicioso, believes they can offer transparency and help market participants make informed decisions. 💼 With this exciting addition, CME's suite of cryptocurrency benchmarks will cover over 93% of the investible crypto market cap. As Vicioso puts it, this comprehensive coverage empowers clients worldwide to better manage their risk in this dynamic landscape. 🟥 CEO of CF Benchmarks, Sui Chung, emphasizes that these new indices will adhere to the same rigorous standards as other CME benchmarks. This commitment to quality aims to instill confidence in investors looking to engage with these emerging assets. 🌐 In a separate development, CME is also exploring the creation of a regulated marketplace for Bitcoin trading. By potentially partnering with EBS—a renowned Swiss currency trading platform known for its strict crypto regulations—CME could further enhance its Bitcoin futures offerings and facilitate more sophisticated trading strategies.

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🚨 Sophisticated Scam Alert: $1.7M Stolen from Coinbase Users! ➡️ Leading crypto exchange Coinbase is under attack, with four users falling prey to a new wave of impersonation scams. These crafty con artists are resorting to social engineering to trick victims into divulging their financial secrets. 💔 The damage is staggering, with one unfortunate user losing a whopping $1 million worth of digital assets. But the real shocker? A close associate of Edge & Node co-founder Tegan Kline got hit even harder, losing a mind-boggling $1.7 million from their own wallet! 🌱 How did this happen? The scammer played the part of a legit Coinbase rep, spinning a tale about direct blockchain connections gone awry. To make it seem legit, they even sent a fake transaction email. Then came the kicker: the victim was lured to a website and asked for their seed phrase, unwittingly handing over partial control to the crooks. ⚠️ Hiro Systems CEO Alex Miller warns that these sites are data traps, potentially allowing criminals to "brute force" their way into full access. And guess what? Even Miller himself was targeted in a similar scheme, hinting at possible leaks from CoinTracker's email provider in 2022. 🔒 It's not just one or two isolated incidents either. Other users like "TraderPaul04" and "beanx" have shared their own brushes with these scammers, describing their tactics as sophisticated and manipulative.

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🌟 Labour Party Wins UK General Election No Crypto Plans Stated 🏆 The Labour Party emerges victorious in the UK general election, securing a majority in parliament. Sir Keir Starmer is set to become the new prime minister, heralding potential changes across sectors. 💼 While crypto plans remain undisclosed, the party's historical focus on financial market regulation suggests a cautious approach to the digital economy and emerging technologies. 🔒 Expect stricter regulations as Labour aims to protect consumers from crypto risks. This could mean enhanced KYC/AML requirements, mandatory disclosures, and even insurance schemes for investors. 📝 Taxation may also see a revamp, with clearer guidelines on capital gains and reporting obligations for individuals and businesses involved in digital assets. 🌍 The impact of Labour's stance extends beyond the UK, as the nation's regulatory decisions often influence global trends. A well-regulated British crypto market could pave the way for international collaboration and standards. ➡️ Balancing consumer protection with fostering innovation will be key for Labour, necessitating dialogue with industry players to ensure effective and informed regulations.

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🚀 Robinhood's AI Revolutionizes Trading: Empowering Users with Informed Decisions 🔍 Robinhood, the popular trading platform, is taking a giant leap forward by integrating AI tools into its app. This move comes after their acquisition of Pluto Capital, an AI-driven investment research firm. 🤖 With Pluto's cutting-edge AI technology, Robinhood users can now make swift and confident decisions. The app will process real-time financial data using advanced language models, providing accurate info on crypto prices, news, and regulatory filings. 👨‍💻 Jacob Sansbury, the visionary founder of Pluto Capital and an AI expert from NVIDIA, joins Robinhood's team. His expertise will shape the company's product roadmap and future AI integrations. 💼 This strategic acquisition follows Robinhood's recent $200 million deal to acquire Bitstamp, signaling their commitment to global expansion and staying ahead in the ever-evolving world of finance. ⚡️ The impact of AI in the crypto market is undeniable. The global AI trading market is set to triple by 2033, as more traders recognize the power of machine learning and sentiment analysis in making profitable trades.

🔒 CoinStats Employee Suspected: $2M Crypto Theft Shakes the Industry 💻 AWS Breach Unveiled: CoinStats, the popular crypto portfolio tracker, faced a major setback as CEO Narek Gevorgyan revealed that their Amazon Web Services (AWS) infrastructure was compromised. 📌 Inside Job Unveiled: Shockingly, evidence points to an employee being manipulated through social engineering, leading to the download of malicious software and the subsequent heist. ➡️ Empathy for Victims: Gevorgyan expressed his heartfelt sympathy for those who suffered losses, promising support and a thorough post-mortem analysis once law enforcement wraps up their investigation. ✅ Scammers Targeted Users: The hack unfolded with fraudulent notifications luring iOS and Android users into the CoinStats AirScout Wallet, resulting in approximately 1,600 wallets being drained of $2 million. ⏸ Operations Paused, Security Reinforced: CoinStats swiftly halted operations, beefing up security measures and resuming services after two days of intense internal scrutiny. 💰 Devastating Losses Reported: Among the victims, DeFi developer Blurr.eth's wallet allegedly took a massive hit of 3,657 Maker (MKR) tokens, valued at a staggering $8.7 million.

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🚀 Russia's Sberbank: Embracing the Crypto Revolution 📌 Russia's largest bank, Sberbank, is boldly proclaiming that the future of banking lies in crypto and blockchain technologies. Dmitry Malykh, the bank's senior vice president, sees immense potential in these digital innovations. 📈 Malykh notes that Russian regulators are gradually warming up to cryptocurrencies, signaling a shift in attitude. This change paves the way for Sberbank to explore blockchain-powered services for its clients sooner rather than later. ⏳ While no specific timeline is given, Malykh hints at exciting developments on the horizon. He envisions a future where QR code payments, one-click online transactions, and even biometric-powered payments become the norm. 💡 Sberbank has already dipped its toes into the crypto waters with the launch of a digital asset and NFT trading platform. This move reflects a broader trend among major Russian financial institutions venturing into the promising realm of digital financial assets (DFAs). 🌐 The allure of DFAs extends beyond domestic borders, with some banks exploring their potential as a workaround for Western sanctions. However, for now, the focus remains on developing robust DFA offerings within regulatory frameworks.

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🚀 TradFi's Interest in Blockchain Sparks Tokenized RWA Surge 📈 The blockchain sector is catching the eye of traditional financial (TradFi) markets, and the tokenized real-world assets (RWAs) market is reaping the rewards. 💰 With a whopping $8 billion locked in tokenized RWAs this year, it's clear that bridging the gap between traditional finance and cryptocurrencies is gaining traction. 📌 Chainlink's Co-founder, Sergey Nazarov, predicts that tokenized RWAs will eventually outshine even cryptocurrencies in terms of value. As TradFi communities embrace blockchain, securitizing assets becomes second nature. 🌐 Simon Barnby from Archax highlights the potential scope, with the entire financial market estimated at a staggering $1.7 quadrillion. Tokenization opens doors to new asset types like music rights and art. ⚡️ Tokenization isn't just a buzzword; it's revolutionizing how we own, trade, and manage assets. Charles Adkins of Hedera emphasizes the benefits: liquidity, transparency, and efficiency for stocks, bonds, and more. 💼 Arbdn's move to tokenize part of its $20 billion MMF demonstrates how even low-risk investments can benefit from this innovation. By reducing administrative burdens, tokenization is making waves in TradFi.

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🚀 Stablecoins: The Future of Finance? Circle CEO Thinks So! 💡 Crypto's Impact on the Economy Jeremy Allaire, the visionary CEO behind stablecoin issuer Circle, is making a bold prediction: stablecoins will make up a whopping 10% of the world economy within the next decade. In a recent social media post, Allaire expressed his unwavering optimism for the future of cryptocurrency. 🌐 Blockchain: A Game-Changer Allaire points to the rapid progress in blockchain technology as a driving force behind this economic revolution. With stablecoins gaining traction in various financial sectors, he believes we're on the brink of something big. 🌐 Crypto: Unleashing the Internet's Full Potential Drawing parallels to the internet's transformative power, Allaire sees crypto as the catalyst that will propel society and the economy forward. By providing a decentralized and trustworthy framework, crypto has unlocked new possibilities. ⚠️ Stablecoins: The Rising Stars Stablecoins have already carved out a significant niche in the digital asset landscape. Allaire predicts that by 2025, they'll be recognized as "legal electronic money" worldwide, making them an integral part of the $100 trillion electronic money market. ➡️ A Glimpse into the Future As we imagine a world where stablecoins account for 10% of global economic activity, Allaire's optimism shines through. He invites us to join him on this exciting journey into an increasingly crypto-powered economy.

🚀 Ripple's Bold Move: Seeking a $10M Penalty Reduction in SEC Battle 💼 Ripple Labs is not backing down in its legal fight against the SEC, making a strategic move by pointing to the recent Terraform Labs settlement. In an appeal filed on June 13, Ripple argued that the proposed $2 billion penalty is excessive and should be slashed to a more reasonable $10 million. 🔍 Spotlight on the Differences Ripple's legal team highlighted a crucial distinction between their case and Terraform's. While the latter faced severe fraud charges, Ripple is solely accused of selling unregistered securities. This discrepancy, they assert, renders the SEC's proposed penalty unjust. ✔️ A Precedent Set? The recent Terraform Labs settlement, approved by Judge Jed Rakoff, saw hefty fines totaling billions. With $3.6 billion in disgorgement fines and a $420 million civil penalty, it's clear that penalties can be substantial. However, Ripple argues that even in more egregious cases, penalties have ranged from 0.6% to 1.8% of gross revenues – a far cry from billions. 💰 Seeking Fairness Ripple's plea for a reduced penalty isn't just about numbers; it's about fairness. By drawing attention to the Terraform settlement, they aim to show that comparable cases have resulted in much lower fines relative to revenue.

🙂 Anchorage Digital Bolsters Board with Goldman Sachs Veteran 🤝 Anchorage Digital, the institutional crypto custody platform, is fortifying its leadership team with the addition of Connie Shoemaker, a former executive at Goldman Sachs. As the ex-Chief Administrative Officer for the renowned investment bank, Shoemaker brings her wealth of knowledge in banking regulation and compliance to the table. 🆕 Currently serving as COO and CFO of Bridgewater Associates Holdings, Shoemaker's appointment to Anchorage's board underscores the company's commitment to providing the best regulated offering for institutional players in the crypto space, according to Nathan McCauley, President of Anchorage Digital Bank. 💼 Anchorage Digital Bank, a federally chartered bank focused on crypto trust and custodial services, recently made waves with the launch of its cutting-edge crypto settlement network. This move aims to cater to institutional clients looking to dive deeper into the world of digital asset trading. 🔒 However, it hasn't been all smooth sailing for Anchorage. Last year, the San Francisco-based firm had to make some tough decisions, letting go of around 20% of its workforce due to regulatory uncertainty. Additionally, US regulators raised concerns about the bank's compliance program and anti-money laundering controls.

⚡️ Vitalik Buterin Proposes Requirements For Meme Coin Dominance 💰👀 Vitalik Buterin, the co-founder of Ethereum, spotlighted requirements for the dominance of meme coins after previously slamming the celebrity-backed entertainment tokens. 👉 Read more

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🚨 Singapore on High Alert: Akira Ransomware Threatens Businesses 🔒 The Lion City is under siege as the Akira ransomware variant wreaks havoc in the cryptocurrency market. Singaporean authorities are sounding the alarm, urging local businesses to stay vigilant. 🤝 Unprecedented Collaboration: The Cyber Security Agency of Singapore (CSA), Singapore Police Force (SPF), and Personal Data Protection Commission (PDPC) have joined forces, issuing a joint advisory to combat this digital menace. 💰 No Guarantee, No Pay: Victims are being urged not to give in to the hackers' demands. Paying the ransom doesn't ensure data recovery or prevent data leaks, warn the authorities. 🛡 Defense Strategies: To fortify against Akira's onslaught, experts recommend implementing robust recovery plans, beefing up authentication measures, and tightening network security with traffic filtering and encryption. ⚠️ Global Crypto Crisis: Akira is just one player in a growing league of ransomware gangs. In 2023 alone, these cybercriminals raked in a staggering $1 billion in illicit payments. 🌐 Nation-State Nexus: It's not just about money anymore. State-sponsored hacking operations, like North Korea's Kimsuky, are turning to crypto theft as a lucrative funding source.

👑 Elliptic Report Reveals the Future of Crypto Crime is AI-Driven ❗️ An Elliptic report exposed the rise of AI crypto crimes marking a new era of cyber threats, exploited for deepfake scams, state-sponsored attacks, and other sophisticated illicit activities. The report credits artificial intelligence (AI) for driving significant beneficial innovation in many industries, including the AI cryptoasset sector. This innovation has birthed many projects poised to redefine the landscape of AI crypto. ➡️ However, as with any emerging technology, there remains a risk of bad actors seeking to exploit new developments for illicit purposes. As a result, Elliptic calls for a review of early warning signs of illegal activity to ensure long-term innovation and mitigate emerging risks in their early stages. Elliptic Highlighted the use and distribution of deepfakes and AI-generated material to advertise crypto scams. ‼️ Deepfake videos frequently exploit the likeness of influential figures like Elon Musk and former Singaporean Prime Minister Lee Hsien Loong to promote fraudulent investment schemes. Tools like ChatGPT can be used to generate or bug-check code. The potential implications of this are relevant to crypto, facilitating cybercrime by identifying vulnerabilities at scale. Decentralized crypto apps often use open-source code, like smart contracts, making them vulnerable to hacks. The rise of DeFi auditing counters these risks. ➡️ However, while AI could streamline smart contract audits, auditors caution about current capabilities. There’s concern that AI could be used by hackers to quickly identify vulnerabilities in DeFi protocols. Dark web forums explore large language models (LLMs) for crypto-related crimes. This includes reverse-engineering wallet seed phrases and automating scams like phishing and malware deployment.

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🚀 Digital Euro Gains Momentum in Germany: Survey Uncovers Positive Sentiment 🔍 A recent survey conducted on June 4 has shed light on the growing acceptance of a digital euro among Germans. However, it also revealed a significant lack of awareness about this innovative payment option. 📊 The survey, carried out by forsa on behalf of the Deutsche Bundesbank, surveyed 2,012 individuals and found that an encouraging 50% of respondents were open to embracing the digital euro alongside traditional payment methods. 💡 Interestingly, even those who were initially unfamiliar with the concept expressed a willingness to explore this new frontier in finance. However, it's worth noting that only 41% of participants had come across information about the digital euro, leaving a majority unaware. 🔒 Privacy emerged as a key concern for those surveyed, echoing similar sentiments seen with China's e-CNY. Over 75% of respondents stressed the importance of robust privacy safeguards in any digital currency. 🌐 Furthermore, 59% highlighted the significance of an offline version of the digital euro, which aims to replicate the privacy benefits associated with cash transactions. ⏳ While the launch of the digital euro is still a few years away, with Deutsche Bundesbank President Joachim Nagel suggesting a timeline around 2028 or 2029, he reassured potential users about their data privacy. He emphasized that central banks within the Eurosystem have no interest in users' data and that the digital euro would offer enhanced privacy compared to existing commercial payment solutions. 🇪🇺 In line with calls for greater sovereignty and independence, an overwhelming majority (72%) expressed a desire for the digital euro to be built on a European infrastructure, ensuring resilience against global political events or decisions.

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🚀 Zentry Secures Strategic Funding to Propel Metagame Layer Development 💰 Zentry, formerly known as GuildFi, has just secured a major funding boost in its mission to build the groundbreaking Metagame Layer. 🤝 Investments from Spartan Capital, Synergis, LongHash Ventures, and DWF Labs have poured in, joining the ranks of early supporters like Animoca, Binance Labs, Coinbase Ventures, and Pantera Capital. 🌐 The funding has catapulted Zentry's treasury to an impressive $150 million, including a substantial stash of 16,000+ ETH. This puts the company in a prime position to forge ahead with the development of the Metagame Layer for next-gen web3 gaming and social experiences. 🎮 "We're on a mission to unite all games and experiences into one vibrant Play Economy," says Zentry's visionary founder and CEO Jarindr Thitadilaka. With Spartan Capital, Synergis, and LongHash onboard, Zentry gains invaluable expertise in gaming, virtual worlds, and decentralized tech. ➡️ In April, GuildFi underwent a metamorphosis into Zentry. Alongside the rebranding came the announcement of the ambitious Metagame Layer project—a game-changer that aims to bring together three billion gamers under one economic roof, transcending platform boundaries. 🌐 "Zentry's unique social layer has the potential to bridge the gap between our digital and physical lives," enthuses Jerry Shi, founder of Synergis Capital. As gamification becomes increasingly pervasive, Zentry's community platform could emerge as a dominant force in distributing new games and entertainment.

🚀 PayPal Expands PYUSD to Solana: Faster and Cheaper Transactions Ahead! ➡️ At Consensus 2024, PayPal made a groundbreaking announcement on May 29. They're taking their stablecoin, PayPal USD (PYUSD), to the Solana blockchain. ⚡️ With this move, PayPal aims to boost transaction speeds and slash costs, giving users more flexibility and control. Solana's reputation for being fast and affordable makes it the perfect match. 🟠 Rest assured, PYUSD is backed by Paxos Trust Company, a fully regulated entity under the watchful eye of the New York State Department of Financial Services. 🔗 Solana isn't just any blockchain; it's become a go-to for stablecoin transfers. The integration will supercharge PYUSD transactions, making them more accessible, cost-effective, and yes, even instantaneous! 🌐 Sheraz Shere from the Solana Foundation couldn't be happier: "The speed and scalability of Solana make it ideal for new payment solutions," he said. It's all about that next-gen fintech innovation! 💼 But wait, there's more! Cryptocom, Phantom, and Paxos are among the first platforms jumping on board to support PYUSD purchases on Solana. A seamless fiat-to-crypto experience awaits! 🛡 On another note, PayPal has made a slight pivot. They've decided to exclude non-fungible token (NFT) purchases from their purchase protection program. The NFT market has seen its ups and downs lately. 📉 With sales volumes dropping and regulatory uncertainties looming, PayPal is adjusting its strategy. While they were once all-in on NFTs, they're now playing it safe amid changing tides.

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🌟 Iconic Doge Meme and Dogecoin Mascot Kabosu Crosses the Rainbow Bridge at 18 📌 The internet mourns as we bid farewell to Kabosu, the beloved doggo behind the legendary Doge meme and the face of Dogecoin. At the age of 17, on May 25, Kabosu left paw prints on our hearts. 🌈 Owner Atsuko Sato shared the news on her blog, expressing heartfelt appreciation for the outpouring of love received from fans far and wide. 💔 Despite health concerns in 2022, Kabosu's passing was peaceful, bathed in gentle morning light as she peacefully drifted off to sleep in Sato's loving embrace. 🌸 A special gathering is planned on May 26 at Flower Kaori in Narita City to honor the memory of our dear "Kabo-chan." 🌐 The loss resonates across cyberspace, uniting meme enthusiasts, crypto aficionados, and pop culture junkies alike. Kabosu has left an indelible mark on the digital landscape. ⚡️ From a humble blog post in 2010 showcasing Kabosu's adorable skepticism, to becoming the face of Dogecoin when it launched in 2013, this Shiba Inu became a meme sensation turned crypto legend. 💰 What started as a joke currency soon gained traction, funding charitable causes and inspiring a wave of meme-inspired coins that followed suit. 🟢 In a testament to her cultural impact, an NFT featuring the original Doge image fetched a staggering $4 million in 2023, with ownership now divided into countless tradable fragments. 🔴 Even politicians couldn't resist the allure of memes, with President Biden's reelection campaign recently hiring a "master of memes" to tap into this influential online language.

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🚨 Detained Binance Executive Collapses During Trial: Health Crisis or Courtroom Drama? 💥 In a shocking twist, Tigran Gambaryan, a high-ranking executive from the renowned cryptocurrency exchange Binance, dramatically collapsed during his money laundering trial in Nigeria on May 23. The courtroom was left in awe as the unfolding events took an unexpected turn. 📌 The incident occurred at the Federal High Court in Abuja, just moments after Justice Emeka Nwite called for the continuation of the case. Gambaryan's health took a sudden downturn, leaving everyone concerned about his well-being. ➡️ Gambaryan, an American citizen, and his co-defendant Nadeem Anjarwalla are facing serious charges of laundering a staggering sum of over $35 million. However, both executives have maintained their innocence throughout the proceedings. 🟠 As the trial resumed, Gambaryan's absence from the dock raised eyebrows. With the help of his lawyer, he was eventually seated in the front row after collapsing en route. His legal representative promptly informed the court about his client's deteriorating health and submitted a written application to address this concern. ➡️ "My lord, it is evident that today's proceedings cannot proceed," stated Mordi, Gambaryan's lawyer, emphasizing his client's indisposition and urgent need for medical attention. ⚡️ A letter presented to Judge Nwite shed light on Gambaryan's worsening condition. It revealed that he had recently suffered from malaria and received intravenous treatment just a day prior. This setback had also caused him to miss another trial related to tax evasion. ‼️ Considering the gravity of the situation, Judge Nwite made a compassionate ruling: Gambaryan must receive proper medical care either at a hospital recommended by his lawyer or one designated by prison authorities. Consequently, the trial has been adjourned until June 20 and 21 to accommodate his treatment.

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🚀 Binance Urges Small and Medium Crypto Projects: Tackle Low Float and High FDV! 📌 In a bid to foster a healthier crypto ecosystem, Binance, the world's largest cryptocurrency exchange, is calling on small and medium-sized projects to address the concerning trend of low float and high fully diluted valuations (FDV). 💪 Binance is committed to supporting projects with strong fundamentals, an organic community base, and a sustainable business model. The goal? To act as responsible industry participants and enhance blockchain development. 📢 This call to action comes as new projects with high market caps lock away a significant portion of their token supply, leading to limited liquidity at launch. While this can cause rapid price appreciation, it often proves unsustainable when tokens flood the market later on. 🔓 Token unlocking is set to continue, with an estimated $3 billion worth of vested tokens scheduled for release in May 2024 alone. Binance predicts that between 2024 and 2030, around $155 billion in tokens will be unlocked. ⬇️ Pseudonymous researcher Flow highlights that 80% of tokens listed on Binance have declined since their launch in the past six months. These tokens are seen by some as "exit liquidity" for insiders taking advantage of restricted retail access. ➡️ However, not all hope is lost. Tokens like Ordi have seen impressive gains, up over 261% since launch. Meanwhile, memecoins like Dogwifhat have also surged, driven by retail interest and their long-term holding potential. 🌐 It's not just about memecoins though; concerns persist about the high initial FDVs of new tokens listed on Binance, averaging over $4.2 billion. Building a substantial user base remains crucial for these projects' success.

🚀 Hong Kong Paves the Way for e-CNY Cross-Border Payments with New Wallets 📌 Hong Kong has taken a groundbreaking step by becoming the first region outside mainland China to launch digital wallets for holding China's CBDC e-CNY. This move, announced by the Hong Kong Monetary Authority (HKMA), allows both residents and expats to conveniently open e-CNY wallets using their local mobile numbers. ➡️ The four major mainland Chinese state-owned banks authorized for this service are the Bank of China, the Bank of Communications, the China Construction Bank, and the Industrial & Commercial Bank of China. 💼 Unlike regular digital wallets, the e-CNY wallet carries the weight of being fully endorsed by the People's Bank of China, as emphasized by Howard Lee, Deputy Chief Executive of HKMA. 🌐 The primary aim of introducing the digital yuan in Hong Kong is to offer a "safe and convenient option" for cross-border payments within the Greater Bay Area integration zone, which encompasses Hong Kong, Macao, and nine cities in Guangdong province. 🛍 While this development marks a significant stride towards yuan internationalization, retailers in Hong Kong express concerns about potential diversion of consumption to mainland cities like Shenzhen, where mobile payments are more prevalent. 💰 Presently, around 300 merchants in Hong Kong accept e-CNY payments, subject to certain limits: individual wallet balances capped at ¥10,000 ($1,380), single transactions limited to ¥2,000, and annual spending restricted to ¥50,000. ⚡️ Topping up these wallets is made seamless through integration with Hong Kong's Faster Payment System (FPS). 📈 Senior economist Gary Ng sees this as a "big move" that could drive further adoption among companies and contribute to the ongoing growth of the digital yuan.

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🚫 Brazil Upholds Crypto Donations Ban for Political Parties and Candidates 💔 Blow to Community as Brazil Upholds Crypto Donations Ban Brazilian voters are gearing up for the October elections, but there's disappointment in the air as the ban on crypto donations remains intact. ➡️ TSE Rules: No Cryptocurrency Contributions The nation's electoral court, known as TSE, has made it clear that virtual currencies won't be accepted for funding political campaigns. The aim? Ensuring transparency and accountability. ⚡️ Banks Take the Reins The rules state that donations over $200 must be made through good old-fashioned bank transfers, with thorough checks in place. Even smaller crypto contributions are still a no-go. ♾ Playing by the Book Candidates have been given a stern reminder to follow the rules, with the TSE demanding detailed financial statements. Failure to comply could lead to consequences from both the court and the Public Prosecutor's Office.

➡️ Franklin Templeton Hails Base Network's SocialFi Triumph with FriendTech 🌟 Franklin Templeton, the asset management giant overseeing trillions, has turned the spotlight on Base, an Ethereum Layer 2 network nurtured by Coinbase. It's not just any spotlight; it's a glowing one, as Base emerges as a Social Finance (SocialFi) frontrunner with its star application, Friendtech. 📈 The numbers speak volumes: a whopping 46% of SocialFi transactions now flow through Base, according to Franklin Templeton's report. And within this ecosystem, FriendTech shines bright, leveraging Base to transform social interactions and content monetization. 💪 With recent milestones like version 2 launch and the FRIEND token airdrop, FriendTech is proving that Base is more than just a base; it's a launchpad for SocialFi innovation. The FRIEND token's $200 million market cap reflects the community's enthusiasm and investor confidence in Base. 🚀 What sets Base apart? Its clever use of "optimistic rollups" speeds up transactions while keeping Ethereum's security intact. This winning formula has propelled Base's Total Value Locked (TVL) to $5.45 billion, securing its spot as Ethereum layer 2's third-largest network. 🔒 Coinbase's close ties with Base have been instrumental in its success so far. While Coinbase currently holds the reins, plans for gradual decentralization are underway, ensuring Base's long-term sustainability. 🌐 But wait, there's more! The Base boom is rippling through other layers too. Enter Degen Chain, a layer-3 blockchain built on top of Base. Within days of its launch, it has already clocked nearly $100 million in transactions, albeit with some cautionary tales of scams and rug pulls.

📌 House Slated To Vote Today On Controversial Crypto Bulletin SAB 121 Resolution 🔍 The U.S. House of Representatives is gearing up for a crucial vote this afternoon, and all eyes are on Representatives Wiley Nickel (D-NC) and Mike Flood (R-NE). Their resolution, if passed, would send a strong message of disapproval to the SEC regarding their contentious Staff Accounting Bulletin (SAB) 121. 🤝 Reps. Wiley Nickel And Mike Flood’s Resolution To Be Voted On Today 📉 SAB 121 has been a hot topic since its introduction in April 2022. Its requirement for banks to disclose digital assets alongside liabilities on their balance sheets has raised eyebrows and sparked debates about the true intentions behind this move to "safeguard" crypto. 📌 Why The SEC’s SAB 121 Is Getting Flack From Congress 🔎 Critics argue that the SEC's handling of SAB 121 lacks transparency and proper procedure. Representative Flood expressed his concerns, stating that this bulletin sets a worrisome precedent and should not be the go-to method for regulating digital asset accounting. 💼 Banking institutions have also voiced their grievances, as SAB 121's impact on capital and liquidity ratios discourages them from offering custodial services for digital assets. They argue that traditional assets held in custody don't face the same stringent requirements. 👥 The SEC vs. Cryptocurrencies: A Regulatory Battle Continues 🚫 This isn't the first time the SEC, led by Gary Gensler, has faced criticism for its tough stance on cryptocurrencies. Lawsuits against digital asset firms have become somewhat of a trend during his tenure. ⚠️ While Senator Cynthia Lummis is leading a parallel effort in the Senate with her own resolution, it remains uncertain whether either proposal will secure the necessary support to pass. The battle for regulatory clarity in the crypto space continues, and today's vote is a pivotal moment in that ongoing struggle.

📱 Vodafone's SIM Card Revolution: Crypto Transactions Made Easy! 🔗 Vodafone is diving into the world of blockchain and crypto, aiming to simplify mobile transactions. How? By tapping into the power of SIM cards! 🔒 David Palmer, Vodafone's blockchain guru, spills the beans on their plan to use cryptography within SIM cards for seamless integration with digital wallets and blockchains. 🟥 The goal? To ride the wave of an estimated 5.6 billion digital wallets by 2030, acting as gateways to financial services. Palmer's eye is on public blockchains like Ethereum, praising their speed and security. ➡️ But wait! Regulatory hurdles loom large, especially when it comes to mainstream finance and pesky sanctions. Vodafone knows there's work to be done. 🤝 Enter PairPoint, Vodafone's brainchild that bridges public and private blockchains with smart contracts. It's like a digital asset broker for big players, ensuring secure transactions on Vodafone's own blockchain. 💡 This journey started with small steps – micro-payments between peers – but quickly evolved into a grand vision of digital identity passports anchored in the blockchain. Now, IoT devices can even join the party! 🌐 Imagine a future where your hardware wallet-equipped device can autonomously authenticate and execute transactions. With Vodafone's SIM card magic, it might not be too far off!

🚨 Trial Delayed: Binance Nigeria Execs Await Evidence in Money Laundering Case 💼 The Binance Nigeria money laundering trial has hit another roadblock, with the proceedings now scheduled for May 17. The defense team requested the delay, citing a lack of evidence provided by the prosecution. 📌 In a dramatic courtroom twist, Binance's lawyer was handed a hefty 300-page document during the hearing, giving them a chance to review its contents. ➡️ Anjarwalla and Gambaryan, the two executives at the center of this legal storm, were initially detained in February on charges of money laundering and tax evasion. Anjarwalla's recent capture in Kenya added another layer to this complex case. 🌍 Anjarwalla, a British-Kenyan citizen, held a key position as Binance's regional manager in Africa. Meanwhile, Gambaryan, an American citizen, was responsible for financial compliance. 🤝 According to Gambaryan's wife, he had been invited to Nigeria by the government for policy discussions. However, it seems that Binance's operations have raised concerns about capital outflows and Nigeria's economic stability. ☄️ Binance is not only fighting legal battles in Nigeria but also grappling with compliance issues worldwide. Just as the extradition process for Anjarwalla seemed imminent, news broke of Binance CEO CZ's four-month prison sentence in the US related to the Terra-Luna collapse.

✅ Russian Crypto Mining Gets Green Light, but Private Miners Face Limits ➡️ In a move that could reshape the Russian crypto landscape, industrial crypto miners are set to gain legal status, while private miners may face stricter regulations. ➡️ Deputy Chairman Anton Gorelkin confirmed that the State Duma will discuss a new mining law, which might be bundled with proposed crypto regulations targeting exchanges. ✅ The Central Bank's sandbox could offer some relief, but mainly for international trade firms using crypto as an alternative to the USD. 👌 Industrial miners might get access to Moscow-controlled exchanges, but only for selling tokens, not trading. 🟢 Lawmakers aim to adopt the bill soon, with a target enforcement date of September 1. 💡 Private miners exceeding energy limits would need permits, signaling a partial retreat from previous attempts to ban non-industrial mining. ⚡️ Energy consumption caps remain uncertain, as energy providers have been cracking down on illegal mining operations. 📝 Industrial miners will have to report their activities to Rosfinmonitoring, keeping an eye on money laundering risks.

🔒 US Senators Unite Against Cryptocurrency: Fighting Child Abuse Trade 🚫 In a bid to combat the dark web's child abuse trade, Senators Elizabeth Warren and Bill Cassidy are leading the charge against the use of cryptocurrencies as a means of payment. 🔍 The lawmakers are pressing federal agencies to step up their game, asking about their tech capabilities in tackling the sinister world of online child exploitation. 📢 Calling out the DOJ and DHS, Warren and Cassidy are urging Attorney General Merrick Garland and Secretary Alejandro Mayorkas to take a closer look at the alarming rise in crypto transactions linked to child sexual abuse material (CSAM). 💰 Highlighting data from financial watchdogs, including Chainalysis, they point to over 1,800 suspicious Bitcoin wallets. However, there's a glimmer of hope as the crypto CSAM market seems to be shrinking in 2023. 👌 The senators aren't blind to the tricks of the trade either. They're well aware that bad actors are using crypto mixers and privacy coins like Monero to stay under the radar. ⏳ With a deadline set for May 10, Warren and Cassidy want answers. They're demanding research findings from the DOJ and DHS on just how deep cryptocurrency's involvement goes in this heinous crime.

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💎 Solana DEX Aggregator Jupiter Acquires Ultimate Wallet for Mobile Expansion 📱 Mobile Growth on the Horizon Solana's leading decentralized exchange (DEX) aggregator, Jupiter, has acquired Ultimate Wallet and its mobile team. This move sets the stage for a major mobile initiative, aiming to onboard millions of users with a beta launch in May. Both platforms share a common goal: delivering high-speed on-chain trading experiences. 💼 Strategic Expansion in Progress Jupiter is already a heavyweight on Solana, boasting a weekly trading volume surpassing $10 billion. Now, with the acquisition of Ultimate Wallet, it's making a strategic push into the world of mobile wallets. This means more options and convenience for traders seeking a seamless experience. 🤝 Joining Forces with Enthusiasm Ultimate Wallet is excited about this new chapter, confirming the acquisition and expressing their enthusiasm for teaming up with Jupiter. Together, they aim to ensure a smooth transition for users as they navigate the changes ahead. ⏰ Important Dates to Remember For Ultimate Wallet users, mark your calendars: the current app will be sunsetted on May 22, 2024. But don't worry—your funds are safe during this transition period. Starting May 23rd, you'll still have access to your cloud backups and can retrieve your recovery phase. 📈 Jupiter's Growth Trajectory Jupiter's expansion plans come at an opportune time. The Solana ecosystem is buzzing, with Jupiter accounting for around 8% of total value locked (TVL). With $381.49 million in TVL and an impressive month-over-month growth rate of 86%, Jupiter is solidifying its position as a top player. ⤵️ Solana Shines Bright As Solana's SOL token climbs the ranks, it now sits as the third largest cryptocurrency by market cap. With an astonishing 807% gain in the past year, Solana's growth has been fueled in part by the memecoin craze, capturing the attention of investors worldwide.

🌟 Binance Co-Founder Sheds Light on CZ's Sentencing: A Positive Outlook Amidst Uncertainty 👀 Optimism is in the air as Binance co-founder He Yi shares insights into the legal saga of Changpeng Zhao (CZ), the former CEO of the renowned cryptocurrency exchange. 💼 Despite CZ's recent departure from Binance and a hefty $4.3 billion forfeiture, He Yi believes that CZ is in a positive situation as he awaits his sentencing in the United States. 📣 While a potential 10-year sentence looms, sentencing guidelines point towards a more likely term of 12 to 18 months, with the final verdict expected on April 30. 🔴 Looking beyond CZ's personal predicament, He Yi also delves into Binance's broader regulatory stance, stressing the need for a proactive approach to tackle the ever-present challenge of regulators. 🌍 Binance has made strides in this regard, securing a coveted crypto license in Dubai and taking steps to comply with regulatory requirements, including CZ relinquishing his voting power. 💰 The $4.3 billion settlement with US authorities for AML violations marked a turning point for Binance, with Richard Teng at the helm, steering the ship towards operational stability and regulatory compliance. 🤝 On a personal note, He Yi clarifies that she and CZ are not romantically involved but remain good friends, emphasizing their commitment to co-parenting their children. 🔴 As Binance explores new horizons, discussions about a potential new headquarters location are underway, while plans for an Indian market return are being considered alongside efforts to cooperate with Nigerian authorities.

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🚨 Ukrainian Lawmaker Faces Trial Over Bitcoin Bribes 🏛 💰 A shocking case of crypto corruption has rocked Ukraine, as a prominent lawmaker stands accused of attempting to bribe a government official with $10,000 worth of Bitcoin. 🔒 Andriy Odarchenko, an MP for the ruling party, allegedly made the illicit offer to the head of the State Reconstruction Agency, seeking funds for his former university. 📌 The National Anti-Corruption Bureau took swift action, charging Odarchenko last November and securing his detention for two months. 🌐 This landmark case marks Ukraine's first brush with crypto-related corruption, highlighting the need for robust regulation in this emerging field. ⏳ As the trial looms, all eyes are on the High Anti-Corruption Court to deliver justice swiftly and send a strong message against such illicit dealings. ➡️ Meanwhile, in Kyiv, regulators are busy crafting new rules inspired by EU standards to govern the rapidly evolving world of crypto-assets. 🟢 Amidst it all, Ukraine's central bank remains cautious, with a top official recently asserting that digital currencies are not equivalent to money in their eyes.

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📉 HKVAEX, Binance's Affiliate, Drops Hong Kong License Bid Amid Uncertainty 🚫 In a surprising move, HKVAEX, the crypto exchange linked to industry giant Binance, has withdrawn its application for a virtual asset trading platform license from the Hong Kong Securities and Futures Commission (SFC), missing the February 29 deadline. 🗂 The coveted Virtual Asset Trading Platform (VATP) license grants exchanges permission to operate within Hong Kong's regulatory framework. While only two platforms currently hold this license, HKVAEX had hoped to join their ranks. 📌 Having submitted their application on January 4, HKVAEX's sudden withdrawal raises eyebrows. The exchange's absence from the SFC's list of applicants confirms the decision made nearly three months after filing. ❓ The motives behind this reversal remain shrouded in mystery. Speculation ranges from potential audit complications to insufficient documentation, leaving industry insiders guessing. ⏰ With the SFC imposing a May 31 deadline for non-compliant exchanges to halt operations, HKVAEX faces an imminent closure of its Hong Kong business.

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