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JUST IN: 🇺🇸 President Joe Biden claims inflation was 9% when he came into office.
Inflation was actually 1.4% when Biden took office in January 2021.
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Donald Trump says "Biden doesn't even know what" crypto is and if you like crypto you "better vote for Trump."
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⚡️⚡️⚡️⚡️⚡️⚡️: 📊 World central banks' net gold purchases set a new record in Q1 2024.
Global central banks bought 290 tonnes of gold in the first quarter above the previous all-time high of 286 tonnes seen in Q1 2023.
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Michael Saylor's MicroStrategy now holds 214,400 🥇 Bitcoin worth $13.6 billion, more than any country in the world.
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📁 Equity options volume in 🇮🇳 India has nearly hit $40 billion, absolutely destroying the United States and the rest of the world
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🟢 Tether's Q1 2024 report details significant financial growth and increased transparency:
⚫A record Q1 net profit of $4.52bn, mainly from US Treasury holdings and gains in Bitcoin and Gold
⚫For the first time, Tether disclosed a net equity of $11.37bn, showcasing enhanced transparency
⚫90% of Tether-issued tokens are backed by cash and cash equivalents, ensuring robust liquidity
⚫Its strategic investments exceed $5bn in areas like AI and renewable energy
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🥇 Bitcoin and a handful of altcoins were down around 7%-10% over the last 24 hours. Here are several factors:
1. Several macro data is being released this week and had investors spooked. Particularly, there is a declining probability of US interest rate cuts this month, and rumors of possible rate hike considerations
2. Over the last 24 hours, 115,804 traders were liquidated for a whopping $387.91m.
3. US Spot BTC ETFs saw an outflow of $161m yesterday
4. Hong Kong’s Bitcoin and Ether ETFs failed to meet expectations
5. RSI divergence indicators suggest a bearish trend, as it was in the "overbought" area during the US BTC ETFs launch
6. More BTC miners approach shutdown levels amid price drop below $57,000
It is important to note that during the 2015-2017 bull market, over 13 different 20% pullbacks occured. Price swings are quite normal and sometimes good for the markets.
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⚡️⚡️⚡️⚡️⚡️⚡️
CZ, the founder of Binance has been sentenced to 4 months in prison.
⚫CZ's lawyers were asking for house arrest or probation period
⚫DOJ attorneys were asking for 3 years
⚫US Probation Department was recommending 5 months
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💡💡💡: BlackRock hosts 🥇Bitcoin investing conference with industry leaders at its headquarters.
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🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin & Ethereum ETFs 😀 👏
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