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Ruudv
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liq.price 0.6, wait bro.
QuangHaiJK
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This damn $pippin is a real jerk.
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♨️BlockBeats News, December 13 — Despite recent adjustments in national policies, a senior executive at asset management giant Vanguard compared bitcoin to a speculative toy this week, highlighting the persistent skepticism traditional financial institutions have toward digital assets. Meanwhile, the company has begun allowing clients to trade crypto-related ETFs. ☕️According to Bloomberg, John Ameriks, Vanguard’s Global Head of Quantitative Equity, stated that bitcoin lacks the cash flow and compounding characteristics the company seeks in long-term investments. At Bloomberg’s ETFs in Depth conference in New York, he described cryptocurrency as a “digital Labubu”—“To me, bitcoin is at best a digital Labubu,” Ameriks noted, adding that he sees no clear evidence that the underlying blockchain technology can generate lasting economic value. 🌋Vanguard, which manages about $12 trillion in assets, now allows clients to buy and sell funds holding bitcoin, ethereum, XRP, and solana, placing cryptocurrencies alongside other assets such as gold. 🧭Ameriks said the decision to open up trading permissions was based on the track record established by spot bitcoin ETFs launched in January 2024. “If clients wish, we allow them to hold and purchase these ETFs on the platform, but that is for them to decide,” he said. “We do not provide advice on trading decisions or on which specific tokens to hold.” ☕️He acknowledged that bitcoin may ultimately demonstrate value in certain scenarios, such as periods of high inflation or political turmoil, but emphasized that the asset’s history is too short to support a clear investment thesis. “If we could observe reliable price movements in those situations, we could discuss its investment logic more rationally,” he said. “But for now, that evidence does not exist.” $BTC $ETH
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Update $PORTAL ☕️♨️BlockBeats News, December 13, Fogo officially announced on social media that it has decided to formally cancel the previously scheduled token presale on December 17. The current strategic focus has shifted to allocating more resources towards airdrop distribution. ☕️Fogo stated that since the presale announcement, the team has completed snapshot records for the following groups: Fogo Fishers participants, Portal Bridge points holders, and all relevant USDC cross-chain transfer users. These groups will receive corresponding Fogo Flames points rewards. The Fogo Flames points program has always been the core pillar of its ecosystem development, aiming to achieve more meaningful token distribution for developers, community members, and ecosystem participants. The first batch of rewards will be distributed simultaneously with the official mainnet launch on January 13, when it goes live across the network.
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$BNB According to ChainCatcher, monitored by Lookonchain, a whale address starting with 0x2ee6 spent 539.6 BNB (approximately $476,000) to purchase 1.65 million RAVE tokens 8 hours ago. The current value has reached $950,000, with an unrealized profit of over $474,000 and a return rate close to 100%. $RAVE
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$ETH ♨️🌋According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that address 0x074…9B748 panic sold 3,296 ETH (approximately $10.3 million) at a local bottom 11 hours ago, liquidating all holdings and ultimately realizing a profit of $292,000. Two days prior, the address had an unrealized profit of $1.266 million (having opened the position at $3,029 on December 2).
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$BTC ♨️🧭Jinse Finance reported that Glassnode published an analysis stating the holdings of major types of bitcoin holders are as follows: Public companies: approximately 1.07 million bitcoin; Government agencies: approximately 620,000 bitcoin; US spot ETF: approximately 1.31 million bitcoin; Exchanges: approximately 2.94 million bitcoin. These institutions collectively hold about 5.94 million bitcoin, accounting for roughly 29.8% of the circulating supply, highlighting the trend of increasing liquidity concentration among institutions and custodians.
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