Crypto soothsayer

🐳 Whales are buying billions! 👀 In the last 24 hours, major BTC holders bought 20k Bitcoin (~$1.34 billion) as the price dropped below $67k. A great signal for strengthening the trend 👍

UAE Introduces Fines for Mining on Farms 🇦🇪 The Abu Dhabi Agriculture and Food Safety Authority (UAE) has warned about the illegality of cryptocurrency mining on farms, Khaleej Times reports. 👀 “This activity is considered an improper use of the farm for a purpose other than its intended use,” the publication cites the regulation. ✔️ This is due to the fact that mining Bitcoin and other digital assets using the Proof-of-Work algorithm consumes a significant amount of electricity, the cost of which constitutes the majority of expenses. In the UAE, subsidized rates for agricultural operations are lower than those for households and significantly lower than industrial rates. 💲 The Authority clarified that violations will incur fines of up to 10,000 dirhams (~$2,723).

🥺 Polyhedra Complains About ZkSync 💠 Polyhedra expressed their grievances towards ZkSync, calling them thieves for stealing the ZK ticker, which previously belonged to them. 🔊Bybit, in an announcement about listing ZkSync, also mentioned that Polyhedra's ticker will be changed. A big player came and took it away, what else can be said 😁

Coinbase Pushes to Appeal SEC Case, Citing FIT21 Vote 📰 Coinbase is making another attempt to appeal a judge's decision in its case against the SEC, citing recent congressional developments. 🇺🇸 The U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with a 279-136 vote, showing bipartisan support. This bill limits the SEC's authority over crypto, favoring the Commodity Futures Trading Commission instead. ✔️ Coinbase argues this legislative move highlights a disagreement over the SEC's jurisdiction. They aim to challenge whether the SEC can regulate digital asset transactions as "investment contracts" without formal contracts. The SEC opposes this appeal.

CryptoQuant notes the growing activity of 🐋 whales in TON. The number of transactions exceeding $1,000,000 has sharply increased.

🎉 Congratulations to the winners of the cash prize giveaway from the Crypto Soothsayer channel! ▪️1st place - $20 - @dExter1lol ▪️2nd place - $10 - @zynpkmrn ▪️3rd place - $8 - @marvel0922 ▪️4th place - $4 - @lanternrazer ▪️5th place - $4 - @Callymusk 💰 All prizes have been paid to the winners in $TON at the current exchange rate. ⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!

✋ Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel. Now let's move on to today's giveaway. Here's what to do: 1️⃣React to this message with 👾 emoji 2️⃣Share this message with a friend 3️⃣Fill out the Google form. 4️⃣To be subscribed to Daily Drops channel, where the results will be posted 💰The prize pool of $50 will be distributed as follows: ◾️1st place - $20 ◾️2nd place - $10 ◾️3rd place - $8 ◾️4th place - $4 ◾️5th place - $4 👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer. ❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost. ✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!

Bloomberg: FTX Concludes Sale of SOL at Below Market Prices 🏦 The bankrupt exchange FTX has completed a series of auctions selling $2.6 billion worth of Solana (SOL) tokens at significant discounts to market prices, according to Bloomberg. 👀 Sources indicate that Figure Markets participated in the auction and purchased a lot of 800,000 SOL at approximately $108 per token. On the market, the token trades near $167. 💲 During the auction, an undisclosed amount of the asset was purchased by Pantera Capital, though sources declined to reveal any figures. Earlier this year, media reported that Pantera Capital had specifically raised $250 million to buy SOL from FTX. The tokens owned by the exchange are subject to a four-year vesting period, but gradual unlocking will begin in a few months. 🧐

EtherFi Announced Its Own Crypto Card The EtherFi protocol has announced its own Visa crypto card. 💳 🥰 Users will be able to use the platform's services (restaking and DeFi pools) and spend their funds as needed. 💵 For payments, assets will be converted into USDC.

Altseason is near! 📉 Bitcoin's market dominance has broken downward from an ascending wedge, potentially heading towards 45%, signaling the approach of altcoin season. This scenario seems logical if: ▪️ BTC consolidates in the $60k-$70k range. ▪️ The SEC does not delay the start of trading for an Ethereum ETF, boosting ETH and pulling up altcoins 📊 A trader predicts a sharp surge to $100k after BTC finishes its consolidation. This event could accelerate the growth of altcoins, as they gain strength after Bitcoin hits a new ATH 💸