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🚫 Jamie Dimon: Bitcoin's a Fraud, No Hope for BTC as Currency 👨‍💼 JPMorgan Chase CEO Jamie Dimon remains unyielding in his stance on bitcoin, calling it a fraud. In a recent interview, he didn't mince words, stating, "Crypto like bitcoin, I’ve always said it’s a fraud." ❌ When asked about the future of cryptocurrencies, Dimon's response was equally pessimistic: "If they think they are a currency, there’s no hope for it. It’s a Ponzi scheme." 💡 However, Dimon did offer a glimmer of optimism for certain aspects of the crypto world. He acknowledged that smart contracts and the underlying technology of blockchain have value. 🗣 While his criticism of bitcoin is well-known, Dimon respects his clients' choices and supports their freedom to invest. His bank even participates in Blackrock's bitcoin ETF. Despite the ongoing debate surrounding bitcoin's legitimacy, one thing is clear: Jamie Dimon's skepticism remains unwavering.

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🚫 Robert Kiyosaki: No Bitcoin ETF for Me, I'm an Entrepreneur! 📉 Despite the soaring demand for spot bitcoin ETFs in the U.S., Robert Kiyosaki, the author of Rich Dad Poor Dad, is taking a different stance. This best-selling book has sold over 32 million copies worldwide, making Kiyosaki a respected voice in finance. 🏦 On social media, Kiyosaki made it clear that he won't be investing in ETFs anytime soon. He prefers to stay away from Wall Street's financial products and take control of his own investments. For him, being accountable is key. ⛔️ It's not the first time Kiyosaki has shared his thoughts on ETFs. Previously, he saw them as an alternative for those hesitant about bitcoin. But now, he's sticking to his entrepreneurial spirit and steering clear of these investment vehicles. 💰 While he may not be keen on ETFs, Kiyosaki remains a bitcoin bull. He recently predicted a staggering price target of $2.3 million, echoing Ark Invest CEO Cathie Wood's optimistic outlook. And if bitcoin were to crash? Well, he'd be buying up coins at $200 each! 🌐 Kiyosaki isn't just focused on bitcoin; he's also urging investors to diversify away from the U.S. dollar. In his eyes, it's a "giant Ponzi scheme," while bitcoin shines as the perfect asset for these uncertain times. 📈 With bold predictions like $100K by September and even $300K this year, Kiyosaki continues to make waves in the crypto world. Whether you agree with him or not, one thing's for sure: this entrepreneur isn't afraid to swim against the current. Remember: Your financial choices are yours to make. So, what's best for you?

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🚀 Monochrome Asset Management Takes Bitcoin ETF Application to Cboe Australia, Aiming for Asian Expansion 📈 Monochrome Asset Management, a leading investment firm in Australia, has shifted gears by transferring its application for a groundbreaking bitcoin exchange-traded fund (ETF) to Cboe Australia. This strategic move underscores the company's unwavering commitment to providing investors with secure, accessible, and innovative investment options. 🌏 With an eye on the thriving Asian markets, Monochrome sees Cboe Australia as the perfect partner to help it expand its footprint in the region. The alternative trading platform offers a fresh avenue for growth beyond the traditional Australian Securities Exchange. 🤝 Jeff Yew, the visionary CEO of Monochrome, expressed his enthusiasm about collaborating with Cboe Australia, emphasizing that this partnership will open up new horizons for Australian investors. By teaming up with a global leader in digital assets like Cboe, Monochrome is confident that it can stay ahead of the curve in terms of innovation and market safety. 💼 The addition of Cboe's expertise and endorsement is expected to enhance Monochrome's product lineup and solidify its position as a key player in the Asia-Pacific market. Notably, Monochrome's Bitcoin ETF stands out as the only one in Australia that allows direct exposure to Bitcoin itself. 📝 While regulatory hurdles are par for the course when it comes to crypto ETFs, Monochrome has already cleared a significant milestone by securing approval from the Australian Securities & Investments Commission (ASIC). Now, all eyes are on Cboe Australia as it prepares to make its decision before the halfway mark of this year.

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📊 Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study 💰 Ultra-rich families with fortunes reaching $100 million are making a bold move in the world of digital assets, favoring algorithmic cryptocurrencies over tokens, according to a recent study by Owner One. The numbers speak for themselves, with a significant 4.32% choosing algorithms compared to a mere 0.92% opting for tokens. 🔄 However, this preference comes with its fair share of challenges, particularly when it comes to the tricky process of converting back from crypto to fiat. Despite this hurdle, these wealthy individuals remain undeterred in their pursuit of algorithmic riches. 🔍 The study delves deeper into the complexities of wealth transfers and highlights the potential pitfalls of ownership continuity within the realm of algorithmic crypto assets like bitcoin (BTC). Shockingly, it reveals that in an overwhelming 91% of cases involving transitions between crypto and fiat, that crucial thread of ownership is disrupted. ⚠️ While some may assume that meticulous research is a given among the ultra-rich, the study uncovers a surprising fact: only a meager 7% exercise due diligence before diving into crypto transactions. This lackadaisical approach could cost them dearly, as the advantage of an unbroken ownership history hangs in the balance. 📚 Basic knowledge about crypto assets also seems to be lacking among these affluent families, with just 12.82% aware that once lost, ownership cannot be reclaimed. The remaining majority appears nonchalant about safeguarding their digital fortunes. 🔒 Furthermore, there's a glaring blind spot when it comes to understanding the concept of censorship resistance, as exemplified by the cautionary tale of stablecoin USDT. The ability for such assets to be frozen or seized at the issuer's discretion seems to have flown under the radar for many. 🏦 The study concludes with a stern warning about the potential perils of relying on centralized crypto exchanges.

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🌐 Renowned Investor Jim Rogers Expects All Cryptocurrencies to 'Disappear' — Says Bitcoin Will 'Go to Zero Someday' 🤔 Veteran investor Jim Rogers is not jumping on the crypto bandwagon. Despite bitcoin's recent surge, he remains skeptical of the digital currency and the broader market. 💧 At the India Today conclave, Rogers poured cold water on the crypto craze, stating that he doesn't see any long-term value in cryptocurrency. He believes in the enduring value of real things like rice and sugar. 📉 In fact, he boldly predicts that bitcoin will eventually vanish and its value will plummet to zero. On the other hand, commodities like sugar are here to stay. 🥇 When it comes to safe-haven assets, Rogers doesn't think bitcoin can hold a candle to gold and silver. He points out that while most people understand precious metals, many still struggle to grasp the concept of digital currencies. 💰 Interestingly, Rogers himself is not invested in bitcoin or any other cryptocurrencies. He prefers to stick with his trusty holdings of gold and silver, which he sees as more reliable stores of value. 📉 It's worth noting that this isn't the first time Rogers has expressed doubts about crypto. He has been wary of bitcoin since 2021, citing concerns about government regulation and control. 💸 Beyond crypto, Rogers has also raised alarm bells about the future of the U.S. dollar and predicted a severe recession on the horizon. He sees the Chinese yuan as a potential rival to the greenback.

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🌍 Nigeria Takes Charge: Foreign Crypto Exchanges Face New Rules 💼 In a bold move, the Nigerian Securities and Exchange Commission (SEC) has proposed tightening its grip on foreign crypto exchanges. The new rule? Incorporate in Nigeria and have your CEO reside there. 📜 The SEC's reach extends to all platforms dealing with virtual assets, including those targeting Nigerian users from abroad. However, it's not all-encompassing; tech firms providing infrastructure or financial portals are exempt. ⏰ While the SEC hasn't explicitly stated its motives, recent actions against global exchanges like Binance suggest Nigeria is keen to regain control over its currency's value. 🏦 Instead of just an office requirement, the SEC now suggests that existing operators may need to establish a subsidiary or separate entity—a broader rule with more potential impact. 💸 It's not just about incorporation either; the SEC is proposing fee increases for crypto license applicants. From filing fees to registration costs, the numbers are going up. 🗓 Interested parties have two weeks to voice their opinions on these proposals. Will Nigeria's bid for greater oversight pay off? Only time will tell in this ever-evolving crypto landscape.

Autonomous Secure Dollar (USSD) is a low-risk stablecoin that provides a transparent way to earn more than inflation interest. A new ideal stablecoin? USSD (Arbitrum) is already working as an independent, censorship-resistant stablecoin with no ties to real-world assets - with the opportunity to earn a natural high interest rate (APY 15%+). To enhance the permanent over-collateralization ratio, insurance capital was involved. Disclaimer Before we start, I would like to say that this is a post for smart and critical thinking crypto enthusiasts. If you think that Binance exchange is a blockchain (or crypto or other keyword) and USDT is safe or, acting as mommy nihilists, you reject everything and claim expertise in all, please do not proceed. Anouther thing, USSD smart contracts is already deployed on 12.03.2024, was locked from any changes, and was audited by a famous smart-contract auditor with a high score. No weak ideas and imaginations from fantasists; it is already working. OK, let's continue. Main part Do you know about stablecoins like USDT (Tether), USDC (USD Coin), and UST (from the Terra/Luna project)? USDT and USDC are popular and generally seen as safe options. Yet, there's a risk: the organizations that issue these coins can block certain addresses. If that happens, you might not be able to access your money, which brings up worries about too much power and monitoring by these central authorities. If you believe I'm overreacting or causing unnecessary drama, take a look for yourself here: https://dune.com/phabc/usdt---banned-addresses. Over 1200 addresses have already been banned, involving around 1 billion dollars. What would you do if it happened to you? How can you prove that you are not guilty and your money should be returned to you? UST. How about we explore this fascinating option? UST, from the Terra/Luna project, caught attention by offering high interest rates. However, its value fell sharply to just 2-3 cents. The big issue with UST was the unclear origin of its interest payments. Without a clear and lasting plan for its economy, the reliability of such a system remains doubtful. However, imagine a scenario where there is a solution that allows you to safeguard your cryptocurrency dollars without the risk of being blacklisted by authorities. Also, this solution would enable you to earn interest derived from the natural growth of the crypto market, rather than from an opaque or unsustainable source. David Lee has developed a solution featuring the following: - The Smart Contract is immutable and does not contain any functions for blacklisting. - It boasts a high level of security, having been audited by Hacken with a perfect score of 9.3. - The stablecoin is backed solely by major cryptocurrencies (BTC and ETH), excluding altcoins. - A non-withdrawable Insurance fund ensures permanent overcollateralization for this stablecoin. - USSD holders receive anti-inflation interest, with rewards directly tied to the growth of the crypto collateral - specifically, the increase in value of BTC and ETH within the collateral. This system relies on straightforward mathematics without resorting to unpredictable "black swan" events. No magic interest out of nowhere. Additionally, USSD community is excited to announce the ICEBreaker program. ICEBreaker is a local currency stablecoin franchise for earning where they are seeking other anonymous founders to champion stablecoins in various markets such as KRW, BRL, etc. USSD community is committing a marketing fund to test all promotional ideas. I'm not here to push marketing hype. My goal is to encourage you to think critically and make informed choices. I am ready to share all relevant links and am eager to discuss both the strengths and weaknesses of USSD in our Tg community. What to do next? Let's stand for autonomy and radical transparency. Analyze with a critical mindset. Here is more info about USSD: https://www.ussd.ai/ and https://www.ussd.ai/docs . Ask anything in front of everyone in our community: https://t.me/ussdtalk Author: David Lee

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🚀 Bitcoin Bulls Unite: Galaxy Digital CEO Predicts $100K BTC Surge in 2021 Amid Spot ETF Frenzy 📈 In a recent interview, Mike Novogratz, the CEO of Galaxy Digital, confidently reiterated his optimistic stance on bitcoin, projecting a staggering $100,000 price tag for the cryptocurrency by year-end. 👴 Novogratz believes that the boomer generation is now hopping on the bitcoin bandwagon, with their massive $48 trillion in liquid wealth acting as a potential catalyst for this digital gold rush. He sees this as a pivotal moment, emphasizing that "anyone who wanted to buy bitcoin can buy it." 💼 The rise of spot bitcoin ETFs has become a game-changer, according to Novogratz. These investment vehicles have opened up a floodgate of institutional and retail investors, resulting in more buyers than sellers and fueling the bullish momentum. 🏦 The macroeconomic landscape also plays a role, with Novogratz pointing to concerns over fiscal policies and mounting government debt. As he puts it, "bitcoin is a report card on fiscal prudency," and with current spending levels, it's no surprise he sees the value climbing higher. 🌐 It's not just Novogratz who's bullish; industry experts like Bitwise's CIO and veteran trader Peter Brandt are raising their price targets too. With "runaway momentum" in spot ETFs and an ever-growing demand worldwide, the sky seems to be the limit for bitcoin enthusiasts. While no one can predict with absolute certainty where the price will settle, Novogratz's optimism reflects a broader sentiment that bitcoin's ascent is far from over. So buckle up and keep an eye on those charts – we might just be witnessing history in the making!

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🐋 Satoshi Era Mega Whale Awakens: $123M Worth of 2,000 Vintage Bitcoins Stir the Crypto World! 📅 On March 1, 2024, a notorious mega whale resurfaced, making waves with a jaw-dropping move. This crypto behemoth, first spotted in March 2020, orchestrated a series of 40 transactions, transferring a whopping 2,000 BTC from the depths of 2010. 🔍 Each transaction was linked to a 50 BTC coinbase reward originating from unique addresses. These ancient Pay-to-Public-Key-Hash (P2PKH) addresses had been lying dormant for over a decade until this whale's awakening. 🔄 The whale's strategy involved consolidating its treasure trove into a single Pay-to-Script-Hash (P2SH) address. Today, all eyes are on the BTC stash residing at the address "3BhsG," worth an eye-popping $123.9 million! ⛓ Confirmed at block height 832,648, this flurry of activity mirrors the whale's previous exploits from the bygone era of August-November 2010. It seems this leviathan has perfected the art of preserving anonymity while making seismic moves. 💰 But that's not all! In a parallel maneuver, our crypto cetacean also steered its 2,000 bitcoin cash (BCH) holdings to another known destination – the address "qpq4u." A double splash in the crypto ocean! 📈 From humble beginnings when each BTC was worth around $800, these vintage coins have surged in value over time. Today's exchange rates catapult their worth to an astonishing $123.9 million – a testament to Bitcoin's meteoric rise. Hold on tight, fellow crypto enthusiasts, as the Satoshi Era Mega Whale continues to make waves in the ever-evolving ocean of digital assets! 🌊🐋

🚨 Max Keiser's Bitcoin Warning: ETFs at Risk, $500K BTC and a Crash! 📉 Brace yourself for a potential 1987-style crash, says Max Keiser, the outspoken bitcoin advocate. But don't despair just yet, as he also predicts that the ultimate safe haven, Bitcoin, will soar past $500,000! 🏦 However, there's a twist. Keiser warns that the U.S. government might not be content with just watching from the sidelines. He suggests they could go after BTC ETFs and even "commandeer" domestic miners. It's a stark reminder to self-custody your precious digital assets. 🔒 Governments worldwide have a track record of seizing crypto, and the U.S. is no exception. From major fraud cases to criminal investigations, they've been on a confiscation spree. So, it's no surprise that Keiser raises an eyebrow at the safety of ETF-held bitcoin. 💼 On the flip side, spot bitcoin ETFs are enjoying their moment in the sun with record trading volumes. Industry leaders like Microstrategy's Michael Saylor hail Bitcoin as the new investment darling, while Coinbase takes charge of most approved ETFs. 📈 The buzz around ETFs and the upcoming Bitcoin halving has investors giddy with anticipation. Fundstrat's research head sees $150K on the horizon, while Robert Kiyosaki joins the chorus with his own $100K prediction by June.

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🚀 Bitcoin's Price Set for a Stellar Surge, Says Investment Advisor 🔮 David Stryzewski, the esteemed CEO of Sound Planning Group and a renowned investment advisor, has made a bold prediction: bitcoin is gearing up for a serious rally. With his accolades as the 2016 "Advisor of the Year," Stryzewski's expertise in social security, wealth management, and retirement planning lends weight to his analysis. 📈 The catalysts for this surge? The upcoming Bitcoin halving and the recent approval of spot bitcoin ETFs by the SEC. Stryzewski believes that when "big money" from institutional investors flows into these ETFs, we can expect an even greater upward push in BTC's price. 💼 Spot bitcoin ETFs are particularly exciting because they offer retail investors greater exposure to the world of bitcoin. As Stryzewski puts it, this new development is a testament to bitcoin's status as a "real asset class" with significant potential value. ⚠️ While Stryzewski remains bullish on bitcoin, he does offer a word of caution: directly owning bitcoin comes with risks, such as the possibility of losing private keys. However, investing in spot bitcoin ETFs mitigates this concern, allowing investors to focus on the potential gains without worrying about custody.

🔒 Former SEC Head Stark: No Green Light for Spot Bitcoin ETFs 🚫 Former SEC attorney John Reed Stark has poured cold water on hopes for Bitcoin spot ETFs, suggesting that the current SEC administration is unlikely to budge on its stance. 📜 Stark pointed to a letter from nonprofit group Better Markets, which highlighted concerns about the manipulation potential and centralization of the Bitcoin market. ⛔️ Since 2013, the SEC has consistently rejected Bitcoin ETF applications due to these worries, although it has given the nod to futures-based offerings. 🗳 Looking ahead, Stark speculated that a GOP-led administration post-2024 could bring a more crypto-friendly approach, potentially smoothing the path for spot ETF approvals and easing enforcement efforts.

🚨 Buckle Up! Robert Kiyosaki's Latest Warning: Stock and Bond Markets on the Brink of Disaster 📉 Brace yourselves, investors! The man behind the groundbreaking book Rich Dad Poor Dad, Robert Kiyosaki, is sounding the alarm once again. This time, he's pointing his finger at the stock and bond markets, predicting an imminent crash. 📚 With over 32 million copies of his book sold worldwide, Kiyosaki has built a reputation for his financial insights. But it's not just his words that carry weight; it's his track record. 📈 Despite the market's seemingly unstoppable climb, Kiyosaki isn't buying into the hype. On social media, he warns against being fooled by a strong economy facade, attributing the market's resilience to what he calls the "Magnificent 7" – those tech giants we all know: Tesla, Meta, Alphabet, Amazon, Apple, Microsoft, and Nvidia. 💥 It's not the first time Kiyosaki has raised red flags. He's been vocal about his lack of trust in institutions like the Federal Reserve and Wall Street. In fact, he goes as far as predicting a potential economic depression and even another war on the horizon. 💰 So what's his solution? Well, it seems Kiyosaki is putting his faith in a different kind of asset – Bitcoin. Just last month, he urged investors to consider this digital currency as a hedge against mounting government debt. And with recent news of bitcoin ETFs gaining approval, he's upped his own BTC holdings and set his sights on a staggering $150K price target. ⏳ As we await what could be a game-changing Bitcoin halving event, Kiyosaki reminds us all to stay vigilant. The markets may be soaring now, but remember, fortune favors the prepared.

🚨 AI Hype: CFTC Sounds Alarm on AI-Created Crypto Scams 🤖 The CFTC is waving a red flag at investors, cautioning them about the allure of AI-powered crypto trading algorithms that promise foolproof profits. It's not all sunshine and rainbows in the world of artificial intelligence. 🔍 The commission is concerned about the rise in crypto scams, where fraudsters exploit the excitement around AI to swindle unsuspecting users. Social media and influencers are fertile ground for spreading false promises. 📚 To stay safe, investors are advised to do their homework: research the company, dig into its trading history, and seek second opinions. Remember, there are no crystal balls – not even AI can predict the future accurately. 🗣 Melanie Devoe, Director of OCEO, sums it up: "Beware the AI hype!" Bad actors are always finding new ways to deceive investors, and AI is just another tool in their arsenal. 💡 The takeaway? Don't let the buzz blind you – be cautious, be informed, and don't fall for any guarantees that sound too good to be true. Your financial future deserves a smarter approach than blind faith in algorithms.

⚡️#Ethereum Foundation Swaps $1.6 Mln #ETH For #DAI Amid $120 Mln Whale Selloff👀 👉 Read more

🗳 Crypto's Clout: A Game-Changer for the 2024 Presidential Election? 🔮 The Prophetic Insight: Former SEC official John Reed Stark has thrown a fascinating curveball into the political discourse, predicting that cryptocurrency could be the golden key to the 2024 US Presidential Election. Who would have thought that Bitcoin and its digital brethren might tip the scales in a candidate's favor? 👑 The Crypto Czar Strategy: Stark urges every presidential hopeful to seriously up their game by appointing a dedicated Crypto Czar. This role isn't just a fancy title; it's about engaging with the fervent crypto crowd, speaking their language, and making proclamations on crypto matters at every turn. 💰 Voting with Digital Wallets: Stark doesn't mince words by describing crypto as akin to a "mammoth Ponzi scheme", yet he can't overlook the undeniable passion and political heft of the crypto community. His take: the cryptoverse isn't just a market, it's a culture that could sway those one-issue voters. 🌐 The Global Masala: The ex-SEC chief paints the cryptoverse as a unique, antiestablishment movement, unparalleled in economic history. With deep pockets fueling the crypto-political engine to the tune of $78 million, including backing from crypto's big guns, candidates can't afford to ignore this political force. 🏆 The Trump Card in the Crypto Game: Data suggests that Donald Trump, a figure traditionally skeptical of crypto, might just pivot to a more crypto-friendly stance. With predictions of Bitcoin reaching new highs under a second Trump term, the stage is set for a potentially transformative impact on the crypto landscape and election outcomes.

Getting a big bag of this absolute gem on 17th Jan. $SKINS - Exchange Token for a Gaming Superexchange ✅Doxxed team from Xbox, Bitpanda and Chiliz. ✅Sub $2m circulating market cap. ✅Potential 50x in 12-15 months imo. 📅Presale date 17th Jan. 👉🏻 bit.ly/bcoinandskins #SKINSPresale #PresaleAlert

📉 Crypto Winter Chills Market: ETFs and Stocks Take a Dive 🚀 Though ETPs celebrated a $7.65B run, Friday felt the cold as Bitcoin dropped 7% against the dollar. 📉 Coinbase saw shares slump by 7.35%, with Canaan trailing at an 8.92% loss. Even giants like Block and Microstrategy weren't spared, dipping 2% and 9.45%, respectively. 📊 New ETFs echoed the trend, with Bitwise and Fidelity each marking a 6.19% loss. Blackrock followed suit, down by 6.23%, while Valkyrie took a similar hit. ⛏ Mining majors were not immune, with Marathon plummeting 15.27% and Bit Digital falling 7.59%. The market's chill didn't spare Cleanspark, down 12.10%. Despite a bleak day, zoom out and we're still in the green with yearly gains shining through!

🕵️ Crypto Exchange Heist: Taiwan Police Nab Fraudulent Fintech Fugitives 🚨 Arrests in the Realm of Crypto! Taiwan's finest have clapped the cuffs on two high-flying executives of ACE Exchange. These suspected masterminds have allegedly taken investors on a unicorn ride with nonexistent virtual currencies. 💸 Promises of Digital Gold? Think fast money and even faster promises! Lin Nan, the alleged primary trickster, and Pan Nan, supposedly his sidekick, reportedly enticed over 100 individuals into their web of deceit using ACE Exchange as their stage for credibility. 🏠 A Millionaire's Raid! Police swoops were as dramatic as a movie heist, hitting 15 locations and leaving no stone unturned. Lin Nan's abode alone coughed up a cash and crypto stash valuing upwards of $3.6 million — talk about a rainy-day fund! 🔒 The Law Locks Down! Post interrogation, the dynamic duo and their band of 14 were escorted to the big house. Brace for charges under the Criminal Code, not forgetting a sprinkle of Money Laundering Prevention and Banking Acts violations.

🚀 Blast Off to Billion-Dollar Heights: L2 Protocol Sees Explosive Growth in Crypto Value 🎉 From Humble Beginnings to Billionaire Status Initially boasting a modest $89.59 million TVL, Blast has skyrocketed to a whopping $1.135 billion. Now, it sits proudly as the 17th titan in the decentralized finance (defi) realm, rubbing shoulders with the likes of Juststables and Marinade Finance, as per recent figures from defillama. 🔍 A Blend of Innovation and Controversy Famed for its native staking and yield-boosting strategies involving ether (ETH) and real-world assets, Blast is the brainchild of Pacman, creator of Blur NFT marketplace. Investments poured in from Paradigm and Standard Crypto, though not without some eyebrow raises on Blast's bold launch strategies and accusations of a Ponzi scheme - a claim Pacman vehemently denies. 💸 Unlocking the Potential of Locked Assets Capital lock-in might sound like a blast from a restrictive past, but Blast appeases users with a steady 5% interest on their investments. What's more? They're stacking up points, redeemable for an upcoming digital currency. But patience is key—access to these funds is sealed off until February 2024. 🔗 Future's Bright with Competitive Spirits Joseph Liu, the visionary behind Nftperp, sees Blast's integration of decentralized perpetual futures for NFTs via Blur as a move of a formidable rival. Nftperp, freshly fortified with $3 million in funds, is all geared up for the challenge. 🏆 Victory Lap on Social Media Platforms Surfing the social media wave, Pacman shared a victorious message on platform X, celebrating the protocol's monumental success. "Incredibly excited to close out the year with this milestone," he exclaimed, embracing the shared success in Web3's communal spirit and the role of the end-users in the onchain economy. The anticipation for the new year is palpable!

🎉 Nigeria Embraces Crypto! Central Bank Lifts Ban and Aligns with Global Standards 🌐 The tide is turning in Nigeria! The Central Bank of Nigeria (CBN) has officially waved goodbye to its ban on banks dealing with cryptocurrencies. This marks a monumental shift in the country’s approach to the digital economy and brings a cheer from crypto enthusiasts. 💰 Once shackled by a February 2021 prohibition order, the Nigerian financial institutions can now breathe easy. The earlier command had forced banks to turn their backs on the crypto world, causing quite a stir and a series of account closures. 📜 Citing the need to keep up with the joneses on the international stage, the CBN's new stance has been influenced by the Financial Action Task Force's (FATF) updated Recommendation 15. It's all about regulating the virtual asset service providers (VASPs) to ward off money laundering and terrorist financing. 🏛 What's more, Nigeria is putting a ring on it by including VASPs in the legal definition of a financial institution. To add icing to the cake, the Securities and Exchange Commission is donning the bedazzled outfit of a regulator to oversee these crypto players. 🚫 However, don't put your party hats on just yet if you're a bank hoping to trade in cryptocurrencies directly. The CBN's yellow light means banks must avoid holding, trading, or transacting in virtual currencies themselves. ➡️ So let's cheers to Nigeria's bold move! It's a refreshing nod to innovation and positions the country as a forward-thinking member of the international community, while still keeping a tight leash on the traditional banking sector.

🪙 Bitcoin L2 Solutions Witness Decline, Lackluster Demand Despite Surging Transaction Fees 📉The surge in ordinal inscriptions and record-high BTC miners' activity has led to a significant buildup of unconfirmed transactions. 📈 Fees escalated, crossing the $40 per transaction threshold as the mempool exceeded 300,000 unconfirmed transactions. Warnings about this high fee rate environment have been circulating for some time. ➡️The Lightning Network's capacity expanded modestly from 5,440 BTC to 5,540 BTC by November’s end. Yet, since November 25, 2023, about 350 BTC, valued at approximately $14.8 million, has exited the L2 network. 💰 In this environment of fluctuating high fees, those opting for the Lightning Network face onchain fees to access this L2 solution. 🔗 Blockstream’s L2 solution, Liquid, has seen a rise in capacity, with 199 BTC added since November, as stated on the firm’s website. 📉 Despite prior warnings, the community largely disregarded the signs, leading to an unexpected decline in the Lightning Network’s capacity. This trend starkly contrasts with the anticipated and favored increase, highlighting a disconnect between expectations and the evolving realities of the cryptocurrency landscape.

👑 Tether Implements New Stablecoin-Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities ⚫️ Paolo Ardoino, the CEO of Tether, emphasized the company's commitment to maintaining the highest safety standards and working closely with law enforcement and regulators. By freezing wallet addresses added to the SDN List, Tether seeks to promote positive usage of stablecoin technology. ➡️Tether has a history of freezing USDT addresses involved in suspicious transactions, including those linked to illegal activities. The company has collaborated with law enforcement, such as the U.S. Department of Justice, to combat misuse of its currency. 💰 The company's stablecoin, USDT, has achieved a sizable market valuation of 90 billion and stands out with high daily transactions, trading volumes, and settlements. Tether's proactive measures demonstrate its commitment to maintaining a secure and reliable stablecoin ecosystem. 🎉 In conclusion, Tether's new stablecoin-freezing policy reflects its dedication to upholding safety standards and preventing the misuse of its tokens. This move reinforces the company's position as a leader in the cryptocurrency market.

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