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The latest Messages

2024-03-20 19:05:19
GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days

Grayscale's Outflows Continue: On March 18, 2024, Grayscale faced a massive withdrawal of $643 million, marking its largest outflow to date. The total volume for spot bitcoin ETFs reached $4.19 billion, with Blackrock leading the pack at $2.02 billion.

GBTC's Share: Out of the day's total volume, GBTC accounted for $1.06 billion. However, it also experienced a significant decrease in its bitcoin holdings, shedding 238,910.62 BTC valued at $15.4 billion since January 12.

A Weekend Dip: Just over the weekend, GBTC saw a reduction of 2,071.31 BTC in its assets. This downward trend aligns with Grayscale CEO Michael Sonnenshein's recent comments on the expected decline in management fees for GBTC.

Anticipating Outflows: Sonnenshein acknowledged that the outflows were not unexpected, citing various factors such as investors taking profits and unwinding positions related to bankruptcies.

Despite these challenges, Grayscale remains proactive by planning to introduce a smaller-scale version of GBTC pending regulatory approval.
12.8K views16:05
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2024-03-18 19:00:56
Top 3 Altcoins To Buy Likely To Turn $10 Into $1000 This Week

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13.4K views16:00
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2024-03-18 16:01:23
BeFi Labs LBP sale is Live on FjordFoundry!
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13.4K views13:01
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2024-03-18 14:01:32
The ARdinals: A New Dimension for Ordinals!

Have you ever imagined a world where Ordinals aren't just numbers, but living beings with a purpose? Well, ARdinals are here to make that imagination a reality!

Created by the visionary mind of Jade98, this innovative breakthrough project is set to revolutionize the way we perceive and interact with numbers.

Prepare to be amazed as the realm of mathematics takes a quantum leap into the future with the fusion of Ardinals. It's like nothing you've ever seen before!

But hold on tight, because this is just the beginning! The story of ARdinals is unfolding, and each chapter promises more excitement and wonder.

And what's this? Hidden within their digital realms lie mystical Lootboxes, brimming with surprises and treasures. Who knows what wonders await those who dare to explore?

To stay in the loop and witness this mathematical marvel unfold, make sure to give a follow to our partner in numerical adventures: @jade_ordinals and @jade_ordinals_chat. Trust us, you won't want to miss a single update from this trailblazing journey!

So, buckle up and get ready for a wild ride through the enchanted world of ARdinals – where numbers come alive and utility finds a whole new meaning!
13.4K views11:01
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2024-03-17 17:47:01
Shiba Inu's Meme Coin Journey: A Rollercoaster Ride with 177% Monthly Growth!

Despite a recent dip, Shiba Inu continues to make waves in the meme coin world, boasting an impressive 177% growth over the past month. With a market cap of $15.95 billion, SHIB stands tall as the second-largest meme coin, trailing only behind its canine cousin, Dogecoin.

The meme coin market as a whole has been on fire, reaching a whopping $55.6 billion in value. However, SHIB's share is still relatively small at just 0.592% of the total cryptocurrency market.

While it's true that SHIB took a hit this week, losing 21% of its value, it's important to note that it had enjoyed a strong surge in the preceding weeks. Currently sitting at the 12th spot in terms of market cap, SHIB is sandwiched between AVAX and DOT.

The burning of SHIB tokens has been an ongoing trend since Vitalik Buterin's historic move last year. To date, over 410 trillion SHIB have been incinerated, with the community adding fuel to the fire by torching another 481.85 billion SHIB.

While other meme coins like PEPE are making strides, they still have a long way to go before catching up to SHIB and DOGE. With a market cap of $15.95 billion, SHIB leaves competitors in the dust, surpassing the combined valuations of PEPE, WIF, FLOKI, and BONK.

In this wild world of meme coins, Shiba Inu remains a force to be reckoned with, showcasing both volatility and resilience on its journey to the moon!
13.0K views14:47
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2024-03-15 19:15:14
LAIKA's DAILY POINTS are up for grabs!

Dive into the Laika Dashboard for an exciting chance to claim daily rewards EVERY DAY!

Envision effortlessly collecting your points and earning daily rewards, all within one convenient platform. With just a few clicks, immerse yourself in crypto trading and unlock enticing benefits along the way.

Head to the WEBSITE, hit "Connect wallet," and breeze through simple tasks! Detailed tutorials ensure smooth completion of each stage.

But wait, there's more – by taking part in this rewarding experience, not only will you boost your crypto portfolio, but you'll also gain exclusive access to additional tasks and opportunities to earn LAIKA points, convertible into valuable Laika tokens.

Make it a daily ritual to return, complete tasks, and CLAIM points to maximize your rewards. Consistency is key!

Don't let this incredible opportunity pass you by – start claiming today!
12.8K views16:15
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2024-03-14 19:46:03
Coinbase Rockets to New Heights with $1 Billion Convertible Bond Sale

Cryptocurrency exchange Coinbase is making a strategic move to raise $1 billion through the sale of convertible bonds. This financial maneuver aims to provide the company with a substantial capital boost for its general corporate needs.

The timing couldn't be better for Coinbase, as its shares (Nasdaq: COIN) have been on a meteoric rise, surging 80% in the past month and an astounding 213% over the last six months. This impressive performance has caught the attention of financial heavyweight Goldman Sachs, which recently upgraded Coinbase's stock rating.

Why choose convertible bonds? This financing option offers a win-win scenario for investors seeking both income stability and potential growth opportunities. By allowing bondholders to convert their holdings into company stock, Coinbase can attract funds at potentially lower interest rates compared to traditional debt financing.

The decision to go the convertible bond route also demonstrates Coinbase's astute awareness of market dynamics. Rather than diluting existing shareholders' equity through direct stock offerings, this strategy allows the company to tap into investor enthusiasm without undermining current stakeholders.

However, it's not all smooth sailing for Coinbase. The exchange has faced some operational hiccups during times of high cryptocurrency activity, most notably when Bitcoin reached new price milestones. But these challenges haven't dampened the overall optimism surrounding the platform's growth potential.

With its sights set on expansion and innovation, Coinbase is boldly reaching for the stars with this ambitious $1 billion convertible bond sale. As the crypto market continues to evolve, all eyes are on this digital currency pioneer and its quest for financial supremacy.
13.1K views16:46
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2024-03-11 19:46:01
US Court of Appeals Reverses Lower Court’s Ruling in Favor of Binance

Reviving Hope for U.S. Binance Users Seeking Justice

In a significant turn of events, the US Court of Appeals has breathed new life into the legal battle between American users and Binance. The higher court's decision gives hope to those who feel they were wronged by the popular cryptocurrency exchange.

Section 29(b) and the Battle for Jurisdiction

The crux of the matter lies in whether the claims made by these users fall under the purview of US securities law or if they can be dismissed as an "impermissible extraterritorial application." Section 29(b) of the Securities and Exchange Act of 1934 takes center stage, as both sides vie for jurisdiction.

Empty Promises and a Bag Left to Hold

For those who invested in tokens like EOS, TRX, ELF, FUN, ICX, OMG, and QSP, their dreams turned sour when these digital assets plummeted. They argue that Binance's actions violated federal and securities laws, leaving them with nothing but shattered expectations.

From Dismissal to Resurgence: A Legal Rollercoaster

The initial setback came when a US District Court dismissed their case, citing untimeliness. But undeterred, the plaintiffs took their fight to the Court of Appeals, seeking justice for what they believe are domestic transactions that should be governed by US laws.

A Connection Found: Domestic Transactions Matter

The higher court agreed with the users' argument that these transactions were indeed domestic in nature. By establishing that parties became bound within US borders, it paves the way for potential accountability under domestic securities laws.

Timing is Everything: Claims Within the Legal Bounds

Moreover, the Court of Appeals deemed the users' claims timely, debunking the lower court's ruling. It's a reminder that justice can't be bound by arbitrary timelines when it comes to protecting investors' rights.
13.7K views16:46
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2024-03-10 19:00:55
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13.9K views16:00
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2024-03-08 19:40:28
Mogo Rockets into Bitcoin Orbit with $5M Investment for the Future

Mogo, the Canadian fintech powerhouse, is making waves again. This time, it's BTC that has caught their eye. With a bold move approved by their board of directors, Mogo is investing up to $5 million in the most famous cryptocurrency and its ETFs.

But that's not all. Mogo's financial report for Q3 2023 reveals a robust $43.7 million in cash and investments. And let's not forget their stake in Wonderfi Technologies Inc., a key player in Canada's crypto investment scene.

Mogo isn't new to the crypto game either. They dipped their toes into the Bitcoin pool back in December 2020, allocating 1.5% of their reserves to the digital gold. Then came Ethereum in May 2021, proving they're not afraid to explore new horizons.

"We've been here since the beginning," says Greg Feller, Mogo's president, referring to their early adoption of Bitcoin. And with big names like Fidelity and Blackrock embracing BTC, it's clear that this digital asset is more than just a passing trend.

Mogo is betting on Bitcoin for the long haul, seeing it as a legitimate global asset class with qualities that set it apart. As the world of finance evolves, this Canadian trailblazer is ready to ride the crypto wave and secure those long-term gains.

Hold on tight – Mogo is taking us to new heights in the world of digital investments!
12.6K viewsedited  16:40
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