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Layer 2 Rally: Over the last 24 hours, Layer 2 tokens like Merlin Chain and Mantle have led the ascent, outperforming the general market.#Layer2 $ETH
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Pi Network: Activated the long-awaited mainnet migration option.#PiNetwork
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💰#Tether Institutional Move from Tether: Tokenizing Shares on the Table Tether (USDT) Holdings, the world's largest stablecoin provider, is exploring ways to create liquidity for its existing shareholders. According to Bloomberg HT news, the management board is evaluating options for share buybacks and digitally representing shareholders' equity on the blockchain (Tokenization). Significance: Tether's attempt to tokenize its shares demonstrates how widespread the trend of bringing institutional assets onto the blockchain (RWA - Real World Assets) has become. This move is seen as an effort by the stablecoin giant to solidify the bridge between traditional finance and crypto.
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🚀 Bitcoin Recovers Despite Rate Cut: Bulls Target $95,000 Bitcoin ($BTC), which experienced a brief dip after the Fed's rate cut decision yesterday, has quickly recovered with strong buying pressure and is currently trading around the $92,477 level. Whale Sales Pose Risk: According to Glassnode data, large investors (whales) holding between 10,000 and 100,000 BTC have sold approximately $3.4 billion worth of BTC in December. These sales continue to be a significant risk factor challenging the bulls' effort to reach the $95,000 target. Derivatives Market Improves: Conversely, Open Interest data in the derivatives market shows a 1.83% increase. This rise indicates that derivatives traders' confidence in the market has returned in the short term, and they hold more favorable expectations.#BinanceBlockchainWeek
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Red Packets Claimed #RedpecketReward - BPGYM0PA9W - $BTC
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Latest News
Significant Bitcoin Transfer Observed Between Anonymous Addresses
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SEC Issues Guidance on Crypto Wallet and Custody Practices
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Solana ETFs Attract Significant Inflows Amid Market Challenges
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Ethereum(ETH) Drops Below 3,100 USDT with a Narrowed 0.67% Increase in 24 Hours
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BNB Surpasses 900 USDT with a 2.84% Increase in 24 Hours
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