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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
Hong Kong eyes tax breaks for crypto, more trading platform licenses by year-end: officials — link | tl;dr : unfolded.
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The Hong Kong Stock Exchange, the world's sixth largest stock exchange, will launch a virtual asset index series on November 15 to provide a unified reference price for Bitcoin and Ethereum in the Asian time zone. The index will be the first virtual asset index series developed in Hong Kong that complies with the EU Benchmark Regulation (BMR) and will be jointly managed and calculated by UK data provider CCData. — link : Wu Blockchain News
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Bitcoin spot ETFs had a net inflow of $998 million from October 21 to October 25 last week, BlackRock ETF IBIT had a net inflow of $1.15 billion, and ARK 21Shares Bitcoin ETF ARKB had a net outflow of $206 million. Ethereum spot ETFs had a net inflow of $78.89 million last week. — link : Wu Blockchain News
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This week, the United States will release the preliminary value of the Q3 real GDP annualized quarterly rate, the preliminary value of the Q3 core PCE price index annualized quarterly rate, the September core PCE price index annual rate, and the most important October unemployment rate and October seasonally adjusted non-farm employment population. — link : Wu Blockchain News
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According to Tokenomist, the single large-amount unlocking of more than $5m in the next 7d includes TIA SUI MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc., and the linear large-amount unlocking in the next 7d includes SOL WLD TAO AVAX DOGE SEI NEAR DOT BEAM FIL SUI, etc. The total unlocking value exceeds 1.543 billion US dollars. — link : Wu Blockchain News
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NEW: 🇺🇸 St. Louis Fed releases an article on why a gold standard wouldn’t work, listing gold’s lack of a fixed supply as a “significant problem”. 🧐
Know what has a verifiable fixed supply? Bitcoin. : Bitcoin
JUST IN: 🇸🇦 Saudi Arabia to host BlackRock, Goldman Sachs, Citibank, and other top financial leaders this week in Riyadh. : Watcher Guru
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IRAN'S PRESIDENT PEZESHKIAN SAYS TEHRAN IS NOT LOOKING FOR WAR, BUT WILL RESPOND 'APPROPRIATELY' TO ISRAEL'S ATTACK - STATE MEDIA : infinityhedge
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NEW: 🟠 A solo Bitcoin miner has mined block 867,118, thus garnering a block reward of 3.329 BTC, worth $221,690 currently ⚡️ : Bitcoin
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Tether shows the Local AI development kit, privacy focused, powered by peer-to-peer technology. It uses supports any model (Marian, Llama, ...) and loads/stores weights and fine-tuning data in P2P data structures. Demo of a sample local and 100% private translation app working on any device. — link : Wu Blockchain News
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Asia's weekly TOP10 crypto news (Oct 21 to Oct 27) Japanese Democratic Party Leader Commits to Reducing Cryptocurrency Taxes Upon Electio, Vietnamese Government Releases “National Strategy for Blockchain Technology Application and Development (2025–2030), India Weighs Potential Cryptocurrency Ban While Exploring CBDC and more — link : Wu Blockchain News
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According to Lookonchain, Michael Bouhanna, vice president of Sotheby’s, bought many kinds of memes but made almost no money, but he used his wallet “5W7U” to launch a meme token called BAN, and earned more than $1 million on BAN using only one internal wallet. — link : Wu Blockchain News
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QCP: Bitcoin dominance continues to rise, reaching highs of 59.75% for the week. On the contrary, ETHBTC broke its key support at 0.03850, sliding 5.85% to a new low at 0.03625. We believe that the uptrend in bitcoin dominance is likely to persist in the near term as bitcoin approaches its ATH levels. — link : Wu Blockchain News
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The Russian government issued a law signed by Putin on October 27, aiming to expand state control over the cryptocurrency sector, including strengthening supervision of cryptocurrency mining activities, giving the government the power to stop mining pool operations, and some agencies have also been granted the authority to track transactions related to money laundering or terrorist financing. — link : Wu Blockchain News
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Bloomberg shows that among the 575 ETFs issued in 2024, Bitcoin and Ethereum ETF products occupy 14 of the top 30, with Bitcoin ETFs taking the top four spots. BlackRock's iShares Bitcoin Spot ETF set a record for the largest inflow of funds among 1,800 newly issued ETFs in the past four years. — link : Wu Blockchain News
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Vitalik Buterin outlines ways to reduce Ethereum's bloat in 'Purge' upgrade roadmap — link | tl;dr : unfolded. DeFi
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Bisa Bank, the fourth largest bank in the Latin American country of Bolivia, announced the launch of a stablecoin service that allows users to use its services to buy, sell and hold USDT. All transactions must be conducted through the bank's account, and customers must complete a strict identity verification process. — link : Wu Blockchain News
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JUST IN: 🇭🇰 Hong Kong says they will issue more crypto exchange licenses by the end of 2024. : Watcher Guru
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a16z: Based on our analysis using many of the approaches described above, we estimate there are 30–60 million real monthly crypto users today. It’s also just 5–10% of the 617 million global crypto owners reported by Cryptocom in June. This differential suggests there is a huge opportunity to convert existing crypto owners — who are mostly passive holders — into active users. — link : Wu Blockchain News
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Tether CEO Paolo Ardoino introduced Tether's financial reserves at the Plan ₿ Forum in Lugano, Switzerland. Tether currently has $5.58 billion in BTC and $3.87 billion in gold reserves. In addition, Ardoino said that Tether also holds about $100 billion in U.S. Treasury bonds. — link : Wu Blockchain News
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BREAKING: 🇩🇰 Denmark's Minister of Taxation proposes unrealized gains tax onBitcoin and crypto❗️
Danes who own cryptocurrency would be taxed at 42% on value increases and decreases every year, regardless of whether they have sold or not.
If passed, would start Jan 1, 2026 : Bitcoin
FUN FACT: Less than 5% of the global population is invested in crypto. : Watcher Guru
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Tether unveils Local AI SDK at Lugano Plan ₿. A privacy-focused, peer-to-peer-powered toolkit compatible across all devices, supporting diverse AI models and offering fully local, private applications. - 𝕏/@paoloardoino : Leviathan News
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Castle Island partner Nic Carter said that Memecoins are largely a reaction to the SEC's oppressive system. But Cobie stated that the SEC has little impact, mainly because it is almost impossible for ordinary people to buy non-memecoins in the early stage, and different fundraising models are needed. The SEC needs to create crowdfunding-type exemptions for decentralized token projects. — link : Wu Blockchain News
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ICYMI: 🟠 The city of Lugano unveiled a statue of Satoshi 🙌 : Bitcoin
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CEO Paolo Ardoino shuts down rumors of Tether being investigated by US Treasury as shared by Wall Street Journal and Bloomberg - 𝕏/@paoloardoino : Leviathan News
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In response to the Ethereum Foundation's continuous selling of ETH instead of staking, Vitalik said: One internal reason why has been that we don't want to be in the situation of being forced to make an "official choice" in the event of a contentious hard fork. Other communities representing Ethereum can stake on behalf of the interests of Ethereum. The Ethereum Foundation can consider issuing some grants in the form of staking. — link : Wu Blockchain News
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Coinbase has partnered with the NBA's Golden State Warriors. The Golden State Warriors had signed with FTX, announcing a $10 million deal in December 2021. CoinGecko data shows that the number of sports-related sponsorships reached by crypto companies so far this year is three times that of 2023. — link : Wu Blockchain News
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Ethereum community member Ryan Berckmans stated five reasons why Solana cannot become the global blockchain backbone: No real client diversity; Requires very high bandwidth; Stopped running many times before; Lacks economic decentralization and is 98% internally allocated; Focuses on L1 execution expansion, which is not conducive to maximizing decentralization and trusted neutrality. — link : Wu Blockchain News
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According to Lookonchain, the number of bitcoins held by BlackRock, the world's largest asset management company, has exceeded 400,000, reaching 403,725, worth about $26.98 billion. In the past two weeks, BlackRock has purchased 34,085 new bitcoins, with a total value of $2.3 billion. — link : Wu Blockchain News
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