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The Evolution of Data Center Cooling: From Air-Based Methods to Free Cooling

While Bitcoin has gained greater institutional acceptance with the recent ETF launches in the US, it is still not a pure institutional asset, and it is not a pure commodity like gold. It is so much more: secure, decentralized, and programmable value. Zulu Network believes that Bitcoin can be so much more. The Bitcoin Ecosystem is ready to evolve by adding BitFi (Bitcoin Native DeFi), integrating existing infrastructure, and advanced programmability to take Bitcoin from a store of value into a new economy with native yield, exciting innovations, and sophisticated DeFi applications. Zulu Network is the first Bitcoin Layer 2 with a Dual-Layer architecture (L2+L3). ZuluPrime L2 is EVM compatible for Bitcoin scaling and BitFi (Bitcoin DeFi); ZuluNexus L3 offers UTXO programmability, a unique solution to continuously support Bitcoin native innovation, making transactions cheaper, fast, extendable, and programmable. Zulu’s other innovations also include the first Bitcoin decentralized bridge (with a working demo coming in the next couple of weeks) and its unique hybrid PoS / PoW mining design. BitFi has the potential to reshape the financial industry and offer individuals greater control over their financial assets. However, its scalability capacity is currently limited. There is clearly massive demand, but poor infrastructure and limitations for mass adoption, like scalability issues, to foster new Bitcoin native format innovations. Zulu Network is building a new infrastructure to solve these limitations with a programmable, extendable, and innovative new approach to the Bitcoin Ecosystem. Zulu wants to unlock the Bitcoin Economy for all developers and users. Zulu Network’s Ground-Breaking Architecture Zulu Network’s unique Two-Tier architecture (L2+L3) aims to move the Bitcoin Network forward with a new infrastructure that solves the limitations of the current Bitcoin ecosystem, such as big demand but poor infrastructure, scalability issues, and lack of native innovations that limit the potential for mass adoption. Zulu’s Bitcoin Layer 2 solution offers a unique two-tiered architecture, supporting both EVM and UTXO, paving the way for revolutionary advancements within the Bitcoin ecosystem: ZuluPrime L2 is EVM compatible, for Bitcoin scaling and BitFi (Bitcoin DeFi). ZuluNexus L3 offers UTXO programmability to support Bitcoin native innovation, making transactions cheaper, faster, extendable, and programmable. Zulu’s other innovations also include the first trust-minimized Bitcoin bridge (with a working demo coming soon) and its unique hybrid PoS / PoW mining design. Zulu Lwazi Alpha Testnet Highlights ZGP Points Campaign: https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1
25k+ users and 52k+ transactions in the first 48 hours.
40k+ users and 287k+ transactions in the first week.
Currently, 140k+ registered users and 1M+ transactions!
Social Media: 40k+ Twitter followers, 35k+ Discord members, 56k+ Telegram members. Zulu Network Architecture With a dual-layer architecture on Bitcoin (L2 & L3), Zulu Network offers: ZuluPrime (EVM): EVM-compatible L2 platform aimed at building a new BitFi (Bitcoin DeFi) ecosystem through smart contracts and decentralized applications (dApps). ZuluNexus (UTXO): L3 integrates the scalability of UTXO and focuses on the innovation of Bitcoin’s original ecosystem and native assets. The Bitcoin Network is used as an L1 finality for Zulu. Zulu Network is also building the first trust-minimized Bitcoin bridge to connect all Bitcoin Layer 2s and the entire crypto ecosystem to the Bitcoin ecosystem. Like most of the blockchain world, the Zulu team was captivated by the immense possibilities that Robin Linus put forth in the white paper for BitVM. Zulu believes in Satoshi's ethos of true decentralization. That is why, to fully realize the vision of Zulu in its entirety, a trust-minimized bridge with both inflows and outflows to and from the Bitcoin Network and Ethereum ecosystem is necessary. Therefore, in the interest of further advancement of the Bitcoin ecosystem, Zulu has taken it upon themselves to implement the first trust-minimized Bitcoin bridge. Zulu uniquely enhances the Bitcoin network by integrating a dual-layer architecture that supports both traditional UTXO and advanced programmable features, allowing for the development of sophisticated decentralized applications (DApps), expanding Bitcoin’s capabilities while maintaining its foundational principles of security and reliability. For a more in-depth look at the Zulu Network architecture, click here: https://medium.com/@zulu_network/architecture-deep-dive-how-zulu-will-move-bitcoin-forward-837d2492c234 Zulu Network Key Achievements First Dual-Layer Architecture on Bitcoin (L2+L3).
First implementation of a decentralized Bitcoin bridge.
Unique PoW + PoS mining
First Bitcoin Layer 3 (ZuluNexus)
Solving UTXO and BitFi (Bitcoin Native DeFi) limitations through programmability, extendibility, and advanced capabilities.
$3m raised in Pre-Seed Funding from top VCs
Launch of Zulu Lwazi Alpha Testnet and Zulu Genesis Points Moving the Bitcoin Economy Forward Zulu invites everyone to move Bitcoin forward with them. Explore, innovate, and contribute to the evolution of blockchain technology with Zulu. Learn More About Zulu Network Website: https://zulunetwork.io/ Whitepaper: https://zulunetwork.io/whitepaper.pdf Gitbook: https://docs.zulunetwork.io/ Github: https://github.com/zulu-network/ Zulu Lwazi Testnet: https://testnet.zulunetwork.io/lwazi Testnet Points Guide: https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 ZuluScan: https://testnet.zuluscan.io/ Bridge: https://testnet.zulunetwork.io/bridge/ This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. While Bitcoin has gained greater institutional acceptance with the recent ETF launches in the US, it is still not a pure institutional asset, and it is not a pure commodity like gold. It is so much more: secure, decentralized, and programmable value. Zulu Network believes that Bitcoin can be so much more. The Bitcoin Ecosystem is ready to evolve by adding BitFi (Bitcoin Native DeFi), integrating existing infrastructure, and advanced programmability to take Bitcoin from a store of value into a new economy with native yield, exciting innovations, and sophisticated DeFi applications. Zulu Network is the first Bitcoin Layer 2 with a Dual-Layer architecture (L2+L3). ZuluPrime L2 is EVM compatible for Bitcoin scaling and BitFi (Bitcoin DeFi); ZuluNexus L3 offers UTXO programmability, a unique solution to continuously support Bitcoin native innovation, making transactions cheaper, fast, extendable, and programmable. Zulu’s other innovations also include the first Bitcoin decentralized bridge (with a working demo coming in the next couple of weeks) and its unique hybrid PoS / PoW mining design. BitFi has the potential to reshape the financial industry and offer individuals greater control over their financial assets. However, its scalability capacity is currently limited. There is clearly massive demand, but poor infrastructure and limitations for mass adoption, like scalability issues, to foster new Bitcoin native format innovations. Zulu Network is building a new infrastructure to solve these limitations with a programmable, extendable, and innovative new approach to the Bitcoin Ecosystem. Zulu wants to unlock the Bitcoin Economy for all developers and users. Zulu Network’s Ground-Breaking Architecture Zulu Network’s unique Two-Tier architecture (L2+L3) aims to move the Bitcoin Network forward with a new infrastructure that solves the limitations of the current Bitcoin ecosystem, such as big demand but poor infrastructure, scalability issues, and lack of native innovations that limit the potential for mass adoption. Zulu’s Bitcoin Layer 2 solution offers a unique two-tiered architecture, supporting both EVM and UTXO, paving the way for revolutionary advancements within the Bitcoin ecosystem: ZuluPrime L2 is EVM compatible, for Bitcoin scaling and BitFi (Bitcoin DeFi). ZuluNexus L3 offers UTXO programmability to support Bitcoin native innovation, making transactions cheaper, faster, extendable, and programmable. Zulu’s other innovations also include the first trust-minimized Bitcoin bridge (with a working demo coming soon) and its unique hybrid PoS / PoW mining design. Zulu Lwazi Alpha Testnet Highlights ZGP Points Campaign: https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 25k+ users and 52k+ transactions in the first 48 hours. 40k+ users and 287k+ transactions in the first week. Currently, 140k+ registered users and 1M+ transactions! Social Media: 40k+ Twitter followers, 35k+ Discord members, 56k+ Telegram members. ZGP Points Campaign: https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 25k+ users and 52k+ transactions in the first 48 hours. 40k+ users and 287k+ transactions in the first week. Currently, 140k+ registered users and 1M+ transactions! Social Media: 40k+ Twitter followers, 35k+ Discord members, 56k+ Telegram members. Zulu Network Architecture With a dual-layer architecture on Bitcoin (L2 & L3), Zulu Network offers: ZuluPrime (EVM): EVM-compatible L2 platform aimed at building a new BitFi (Bitcoin DeFi) ecosystem through smart contracts and decentralized applications (dApps). ZuluNexus (UTXO): L3 integrates the scalability of UTXO and focuses on the innovation of Bitcoin’s original ecosystem and native assets. The Bitcoin Network is used as an L1 finality for Zulu. Zulu Network is also building the first trust-minimized Bitcoin bridge to connect all Bitcoin Layer 2s and the entire crypto ecosystem to the Bitcoin ecosystem. Like most of the blockchain world, the Zulu team was captivated by the immense possibilities that Robin Linus put forth in the white paper for BitVM. Zulu believes in Satoshi's ethos of true decentralization. That is why, to fully realize the vision of Zulu in its entirety, a trust-minimized bridge with both inflows and outflows to and from the Bitcoin Network and Ethereum ecosystem is necessary. Therefore, in the interest of further advancement of the Bitcoin ecosystem, Zulu has taken it upon themselves to implement the first trust-minimized Bitcoin bridge. Zulu uniquely enhances the Bitcoin network by integrating a dual-layer architecture that supports both traditional UTXO and advanced programmable features, allowing for the development of sophisticated decentralized applications (DApps), expanding Bitcoin’s capabilities while maintaining its foundational principles of security and reliability. For a more in-depth look at the Zulu Network architecture, click here: https://medium.com/@zulu_network/architecture-deep-dive-how-zulu-will-move-bitcoin-forward-837d2492c234 https://medium.com/@zulu_network/architecture-deep-dive-how-zulu-will-move-bitcoin-forward-837d2492c234 https://medium.com/@zulu_network/architecture-deep-dive-how-zulu-will-move-bitcoin-forward-837d2492c234 Zulu Network Key Achievements First Dual-Layer Architecture on Bitcoin (L2+L3). First implementation of a decentralized Bitcoin bridge. Unique PoW + PoS mining First Bitcoin Layer 3 (ZuluNexus) Solving UTXO and BitFi (Bitcoin Native DeFi) limitations through programmability, extendibility, and advanced capabilities. $3m raised in Pre-Seed Funding from top VCs Launch of Zulu Lwazi Alpha Testnet and Zulu Genesis Points First Dual-Layer Architecture on Bitcoin (L2+L3). First implementation of a decentralized Bitcoin bridge. Unique PoW + PoS mining First Bitcoin Layer 3 (ZuluNexus) Solving UTXO and BitFi (Bitcoin Native DeFi) limitations through programmability, extendibility, and advanced capabilities. $3m raised in Pre-Seed Funding from top VCs Launch of Zulu Lwazi Alpha Testnet and Zulu Genesis Points Moving the Bitcoin Economy Forward Zulu invites everyone to move Bitcoin forward with them. Explore, innovate, and contribute to the evolution of blockchain technology with Zulu. Learn More About Zulu Network Website: https://zulunetwork.io/ https://zulunetwork.io/ https://zulunetwork.io/ Whitepaper: https://zulunetwork.io/whitepaper.pdf https://zulunetwork.io/whitepaper.pdf https://zulunetwork.io/whitepaper.pdf Gitbook: https://docs.zulunetwork.io/ https://docs.zulunetwork.io/ https://docs.zulunetwork.io/ Github: https://github.com/zulu-network/ https://github.com/zulu-network/ https://github.com/zulu-network/ Zulu Lwazi Testnet: https://testnet.zulunetwork.io/lwazi https://testnet.zulunetwork.io/lwazi https://testnet.zulunetwork.io/lwazi Testnet Points Guide: https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 https://medium.com/@zulu_network/earn-zulu-genesis-points-zgp-now-phase-1-lwazi-c69323fd3ea1 ZuluScan: https://testnet.zuluscan.io/ https://testnet.zuluscan.io/ https://testnet.zuluscan.io/ Bridge: https://testnet.zulunetwork.io/bridge/ Bridge: https://testnet.zulunetwork.io/bridge/ https://testnet.zulunetwork.io/bridge/ https://testnet.zulunetwork.io/bridge/ This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. here. here.

Zulu Network: Moving The Bitcoin Economy Forward With a Two-Tiered Bitcoin Layer 2 Architecture

In the dynamic and ever-evolving world of cryptocurrencies, 2024 has seen a mix of trends from steep corrections to charming innovations. Bitcoin (BTC), Ethereum (ETH), and the new Furrever Token (FURR) have made headlines for different reasons, reflecting the diverse and multi-faceted nature of the crypto market. This article delves into the current states and potential futures of these cryptocurrencies, analyzing key technical indicators, market movements, and unique tokenomics that define their trajectories. Bitcoin's Price Could Decrease an Additional 20% The MVRV ratio, a technical indicator, currently stands at a concerning 2.23, indicating a possible harsh downward adjustment of around 20%, which might push Bitcoin's price down to $50,000. The MVRV ratio, which compares the Market Value to Realized Value, is essential for assessing Bitcoin’s market condition. This ratio highlights the gap between Bitcoin’s current market cap and the average historical buying price, shedding light on whether investors are paying a premium or getting a discount. A high MVRV ratio often signals an overpriced market that could be due for a correction. Currently, the MVRV ratio is 2.23, significantly above the norm, suggesting an impending correction that could reduce Bitcoin’s value to approximately $50,000. Analyst Lupin, who has a history of accurate predictions, confirms this projection but notes that such corrections are typical in the cycles of crypto market recoveries and consolidations. While technical analysis serves as an important warning, other fundamental factors can also impact Bitcoin’s future direction. Important factors include ETF capital outflows, unexpected interest rate changes, geopolitical tensions, notably between Iran and Israel, and shifts in market dynamics. When a credible analyst sounds the warning, it’s crucial for investors to stay vigilant. While these warnings may be startling, they are a natural part of the life cycle of cryptocurrencies. Investors who adapt their strategies to manage risks proactively are better prepared to navigate potential downturns and capitalize on future opportunities. Ethereum (ETH) Price Outlook: Is the Correction Over, or Is a Further Drop Likely? Ethereum is currently stabilizing near $3,107 at the 0.382 Fibonacci level after experiencing significant corrective movement. Indicators are giving mixed signals, suggesting potential for either a bullish recovery or further decline. Recently, Ethereum’s price has stabilized around $2,845 following a notable correction. Just a month ago, BeInCrypto identified key support between $3,107 and $3,215, indicating a chance for a bullish recovery. Currently, Ethereum is hovering near the 0.382 Fibonacci level at about $3,107. Closing the month above this level could signal a bullish turn, while failure to hold might lead to a drop towards the $2,500 support level. Despite the correction, technical indicators like the Moving Average Convergence Divergence (MACD) show a bullish crossover and the Relative Strength Index (RSI) remains neutral, although the MACD histogram hints at possible bearish trends. Ethereum has retraced nearly 31% from its high of around $4,095. Over the past week, Ethereum has sustained above the 0.382 Fibonacci level, with the price remaining stable at approximately $3,107. However, bearish signs are emerging on the weekly chart as the MACD lines approach a bearish crossover, and the histogram trends downward. On the daily chart, Ethereum is trapped within a descending channel. Any upward movement will face tough resistance at the 50-day EMA and the channel’s upper boundary near $3,650. Despite a golden crossover on the EMAs indicating a bullish medium-term trend, recent bearish crosses on the MACD lines raise concerns. On the 4-hour chart, despite bullish MACD trends, a death cross on the EMAs points to a potential bearish shift. In its pairing with Bitcoin, Ethereum shows a bearish trajectory, with significant support near 0.043 BTC and resistance at the 50-4H EMA around 0.049 BTC. The MACD histogram shows a bearish trend and a bearish crossover seems imminent. A death cross on the EMAs confirms a short-term bearish outlook. The current indicators suggest Ethereum may revisit the 0.043 BTC support level soon, reflecting short to medium-term pressures. Furrever Token: A Fresh Start Furrever Token is a new cryptocurrency initiative poised to transform the crypto scene with its enchanting allure and irresistible appeal. This project elevates beyond standard crypto functionalities by providing an engaging experience centered around the endearing theme of cute cats. Amidst a field crowded with serious blockchain projects, Furrever Token introduces a playful and affectionate twist, creating an inviting and joyful community environment. Sporting the ticker FURR on the BNB-20 blockchain, Furrever Token has a circulation of roughly 9 billion tokens. The presale phase offers 65% of these tokens, with 25% dedicated to decentralized exchanges (DEXs) and the remaining 10% secured for the team for one year. The project includes appealing cat-themed stickers and visuals, frequent community contests, and unexpected treats for participants. Furrever Token also emphasizes robust security protocols and compliance to guarantee both user safety and satisfaction, ensuring a trustworthy and delightful platform experience. With over $818,000 already secured and progressing toward the final stages of its presale, Furrever Token aims to achieve a fundraising goal of $1.9M. The launch on DEX platforms like PancakeSwap is anticipated soon, along with versatile payment options such as USDT (BEP-20). Highlighting potential returns of up to 15X and a current price of $0.000564, Furrever Token is quickly gaining attention as one of 2024’s most promising cryptocurrencies. The project’s credibility is further solidified through a fully audited smart contract, a dedicated team, and strategic community engagement practices. With proactive Telegram groups, organic growth, and transparent operations, Furrever Token stands as a community-centric venture set to thrive. As crypto enthusiasts look for appealing investment opportunities, Furrever Token offers a refreshing and innovative choice, nurturing a dynamic community driven by a shared appreciation for the lighter, more playful aspects of cryptocurrency. About Furrever Token (FURR) Furrever Token (FURR) is recognized as a credible cryptocurrency initiative, reinforced by comprehensive smart contract auditing conducted by Securi Lab. The project's commitment to transparency and stability is evident through its practice of locking tokens for a year. Its roadmap prominently features a post-presale launch on PancakeSwap, highlighting a focus on community-driven expansion. The absence of transaction taxes during trading further bolsters investor confidence. The project encourages organic engagement, with early community members serving as moderators, enhancing collaborative efforts. The transparency of the smart contract is openly visible, adding an extra layer of trust. It is vital to ignore any communications that are not from the official email, support@furrevertoken.com, to avoid the risks associated with fraudulent schemes. As the presale of Furrever Token advances, showing considerable progress in just a month, investor enthusiasm is visibly increasing. The project maintains a robust presence on Telegram, home to nearly 4,300 organic members, where dedicated administrators and moderators swiftly address and resolve user issues. Available exclusively through its official website, Furrever Token presents a secure and engaging investment opportunity supported by an enthusiastic and dedicated community committed to bringing joy and positivity to the cryptocurrency arena. Furrever Token Official Website  |   Visit Furrever Token Presale Join Official Telegram Group       |   Follow Official X Account contact: support@furrevertoken.com This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. In the dynamic and ever-evolving world of cryptocurrencies, 2024 has seen a mix of trends from steep corrections to charming innovations. Bitcoin (BTC), Ethereum (ETH), and the new Furrever Token (FURR) have made headlines for different reasons, reflecting the diverse and multi-faceted nature of the crypto market. This article delves into the current states and potential futures of these cryptocurrencies, analyzing key technical indicators, market movements, and unique tokenomics that define their trajectories. Bitcoin's Price Could Decrease an Additional 20% The MVRV ratio, a technical indicator, currently stands at a concerning 2.23, indicating a possible harsh downward adjustment of around 20%, which might push Bitcoin's price down to $50,000. The MVRV ratio, which compares the Market Value to Realized Value, is essential for assessing Bitcoin’s market condition. This ratio highlights the gap between Bitcoin’s current market cap and the average historical buying price, shedding light on whether investors are paying a premium or getting a discount. A high MVRV ratio often signals an overpriced market that could be due for a correction. Currently, the MVRV ratio is 2.23, significantly above the norm, suggesting an impending correction that could reduce Bitcoin’s value to approximately $50,000. Analyst Lupin, who has a history of accurate predictions, confirms this projection but notes that such corrections are typical in the cycles of crypto market recoveries and consolidations. While technical analysis serves as an important warning, other fundamental factors can also impact Bitcoin’s future direction. Important factors include ETF capital outflows, unexpected interest rate changes, geopolitical tensions, notably between Iran and Israel, and shifts in market dynamics. When a credible analyst sounds the warning, it’s crucial for investors to stay vigilant. While these warnings may be startling, they are a natural part of the life cycle of cryptocurrencies. Investors who adapt their strategies to manage risks proactively are better prepared to navigate potential downturns and capitalize on future opportunities. Ethereum (ETH) Price Outlook: Is the Correction Over, or Is a Further Drop Likely? Ethereum is currently stabilizing near $3,107 at the 0.382 Fibonacci level after experiencing significant corrective movement. Indicators are giving mixed signals, suggesting potential for either a bullish recovery or further decline. Recently, Ethereum’s price has stabilized around $2,845 following a notable correction. Just a month ago, BeInCrypto identified key support between $3,107 and $3,215, indicating a chance for a bullish recovery. Currently, Ethereum is hovering near the 0.382 Fibonacci level at about $3,107. Closing the month above this level could signal a bullish turn, while failure to hold might lead to a drop towards the $2,500 support level. Despite the correction, technical indicators like the Moving Average Convergence Divergence (MACD) show a bullish crossover and the Relative Strength Index (RSI) remains neutral, although the MACD histogram hints at possible bearish trends. Ethereum has retraced nearly 31% from its high of around $4,095. Over the past week, Ethereum has sustained above the 0.382 Fibonacci level, with the price remaining stable at approximately $3,107. However, bearish signs are emerging on the weekly chart as the MACD lines approach a bearish crossover, and the histogram trends downward. On the daily chart, Ethereum is trapped within a descending channel. Any upward movement will face tough resistance at the 50-day EMA and the channel’s upper boundary near $3,650. Despite a golden crossover on the EMAs indicating a bullish medium-term trend, recent bearish crosses on the MACD lines raise concerns. On the 4-hour chart, despite bullish MACD trends, a death cross on the EMAs points to a potential bearish shift. In its pairing with Bitcoin, Ethereum shows a bearish trajectory, with significant support near 0.043 BTC and resistance at the 50-4H EMA around 0.049 BTC. The MACD histogram shows a bearish trend and a bearish crossover seems imminent. A death cross on the EMAs confirms a short-term bearish outlook. The current indicators suggest Ethereum may revisit the 0.043 BTC support level soon, reflecting short to medium-term pressures. Furrever Token: A Fresh Start Furrever Token is a new cryptocurrency initiative poised to transform the crypto scene with its enchanting allure and irresistible appeal. This project elevates beyond standard crypto functionalities by providing an engaging experience centered around the endearing theme of cute cats. Amidst a field crowded with serious blockchain projects, Furrever Token introduces a playful and affectionate twist, creating an inviting and joyful community environment. Sporting the ticker FURR on the BNB-20 blockchain, Furrever Token has a circulation of roughly 9 billion tokens. The presale phase offers 65% of these tokens, with 25% dedicated to decentralized exchanges (DEXs) and the remaining 10% secured for the team for one year. The project includes appealing cat-themed stickers and visuals, frequent community contests, and unexpected treats for participants. Furrever Token also emphasizes robust security protocols and compliance to guarantee both user safety and satisfaction, ensuring a trustworthy and delightful platform experience. With over $818,000 already secured and progressing toward the final stages of its presale, Furrever Token aims to achieve a fundraising goal of $1.9M. The launch on DEX platforms like PancakeSwap is anticipated soon, along with versatile payment options such as USDT (BEP-20). Highlighting potential returns of up to 15X and a current price of $0.000564, Furrever Token is quickly gaining attention as one of 2024’s most promising cryptocurrencies. The project’s credibility is further solidified through a fully audited smart contract, a dedicated team, and strategic community engagement practices. With proactive Telegram groups, organic growth, and transparent operations, Furrever Token stands as a community-centric venture set to thrive. As crypto enthusiasts look for appealing investment opportunities, Furrever Token offers a refreshing and innovative choice, nurturing a dynamic community driven by a shared appreciation for the lighter, more playful aspects of cryptocurrency. About Furrever Token (FURR) Furrever Token (FURR) is recognized as a credible cryptocurrency initiative, reinforced by comprehensive smart contract auditing conducted by Securi Lab. The project's commitment to transparency and stability is evident through its practice of locking tokens for a year. Its roadmap prominently features a post-presale launch on PancakeSwap, highlighting a focus on community-driven expansion. The absence of transaction taxes during trading further bolsters investor confidence. The project encourages organic engagement, with early community members serving as moderators, enhancing collaborative efforts. The transparency of the smart contract is openly visible, adding an extra layer of trust. Furrever Token (FURR) Furrever Token (FURR) It is vital to ignore any communications that are not from the official email, support@furrevertoken.com , to avoid the risks associated with fraudulent schemes. As the presale of Furrever Token advances, showing considerable progress in just a month, investor enthusiasm is visibly increasing. The project maintains a robust presence on Telegram, home to nearly 4,300 organic members, where dedicated administrators and moderators swiftly address and resolve user issues. Available exclusively through its official website, Furrever Token presents a secure and engaging investment opportunity supported by an enthusiastic and dedicated community committed to bringing joy and positivity to the cryptocurrency arena. support@furrevertoken.com support@furrevertoken.com Furrever Token Official Website | Visit Furrever Token Presale Join Official Telegram Group | Follow Official X Account Furrever Token Official Website Furrever Token Official Website Visit Furrever Token Presale Visit Furrever Token Presale Join Official Telegram Group Join Official Telegram Group Follow Official X Account Follow Official X Account contact: support@furrevertoken.com support@furrevertoken.com This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here . here here

Exploring Profit Potential for Furrever Token in the Whale Territory

Ping Ping Ping That is the sound of my phone alerting me to overnight snowfall at the various Hokkaido ski resorts I monitor. While this sound brings me immense joy in January and February, in March, it brings only FOMO. I decamped from Hokkaido in early March for the past few ski seasons. My recent experience taught me that Mother Nature turns on the heat circa March 1st. I’m a primadonna skier who only likes the driest and deepest pow. However, this season, Gaia changed up big time. There was a brutal warm spell in February that rekt the snow back. The cold weather only returned towards the end of the month. But frigid temperatures came back in March, accompanied by 10 to 30cm dumps of freshie pow pow every night. Hence, the reason why my phone was blowing up. Sitting in various South East Asian hot and humid countries throughout March, I kept foolishly checking the app and ruing my decision to leave the slopes. The April thaw finally occurred in earnest, and with it, the end to my FOMO. As readers know, my ski experiences act as metaphors for my macro and crypto trading book. I previously wrote that the cessation of the US Bank Term Funding Program (BTFP) on March 12th would cause a global market rout. The BTFP was cancelled, but a vicious sell-off in crypto specifically did not occur. Bitcoin broke $70,000 decisively and topped out around $74,000. Solana kept pumping alongside various doggie and kitty meme coins. My timing was wrong, but like the ski season, the unexpected favorable March conditions will not be repeated in April. While I love winter, summer brings joy as well. The onset of northern hemispheric summer brings sporting bliss as I reorient time towards playing tennis, surfing, and kiteboarding. Summer will usher in a renewed gusher of fiat liquidity due to the policies of the US Federal Reserve (Fed) and Treasury. I will briefly outline my mental map on how and why April will experience extreme weakness in risky asset markets. For those intrepid enough to short crypto, the macro setup is favorable. While I will not outright short the market, I have closed in profit several shitcoin and memecoin trading positions. From now until May 1st, I will be in a no-trade zone. I hope to return in May with dry powder ready to deploy to position myself for the bull market to begin in earnest. Tricksters The Bank Term Funding Program (BTFP) ended a few weeks ago, but no US, non-Too-Big-to-Fail (TBTF) banks have subsequently faced any real stress. That is because high priests of fugazi finance have a bag of tricks they will use to surreptitiously print money in order to bail out the financial system. I will peek behind the curtain and explain how they are expanding the USD fiat money supply, which will underpin the general rise of crypto and stonks until the end of the year. While the end result is always money printing, the journey is not without periods where liquidity growth slows, providing a negative catalyst for risk markets. By going through the bag of tricks and estimating when the rabbit will be pulled from the hat, we can guestimate when there will be periods where the free market is allowed to operate. The Discount Window The Fed and most other central banks operate a facility known as the discount window. Banks and other covered financial institutions who are in need of funds can pledge eligible securities to the Fed in exchange for cash. By and large, the discount window, for now, only accepts US Treasuries (UST) and mortgage-backed securities (MBS). Assume that a bank is fucked because a bunch of Pierce & Pierce boomer muppets runs it. The bank holds a UST that was worth $100 when purchased but is currently worth $80. The bank is in need of cash to satisfy deposit outflows. Rather than declaring bankruptcy, the dogshit insolvent bank can tap the discount window. The bank swaps the $80 UST for $80 of dolla dolla bills because under the current rules the bank receives the market value of pledged securities. To deprecate the BTFP and remove the associated negative stigma without increasing the risk of bank failures, the Fed and US Treasury now encourage troubled banks to tap the discount window instead. However, under the current collateral terms, the discount window is not as attractive as the recently expired BTFP. Let’s go back to our example above to understand why. Remember that the UST’s value declined from $100 to $80, which means the bank has an unrealized loss of $20. Initially the $100 of UST was funded with $100 of deposits. But now the UST is worth $80; therefore, the bank would be short $20 if all the depositors fled. Under the BTFP rules, the bank receives par for underwater USTs. That means a UST worth $80, when delivered to the Fed, is swapped for $100 of cash. This restores the solvency of the bank. But the discount window only gives $80 for a UST worth $80. The $20 loss is still there, and the bank remains insolvent. Given that the Fed can unilaterally change the collateral rules to equalize the treatment of assets by the BTFP and discount window, by greenlighting the use of the discount window by the insolvent banking system, the Fed continued the stealth banking bailout. Therefore, the Fed has essentially solved the BTFP problem; the entire UST and MBS balance sheet of the insolvent US banking system (I estimate at $4 trillion) will be supported when needed by money printed to finance loans through the discount window. This is why I believe the markets haven’t forced any non-TBTF banks into bankruptcy post-March 12th, when the BTFP ended. Bank Capital Requirements Banks are often called upon to finance governments who offer bonds at yields less than nominal GDP. But why would private for-profit entities buy something that features a negative real yield? They do it because the banking regulators allow banks to purchase government bonds with little to no money down. When the banks, who hold an insufficient capital cushion against their government bond portfolio, inevitably blow up because inflation appears and bond prices fall as yields rise, the Fed allows them to use the discount window in the manner described above. As a result, banks would rather buy and hold government bonds than lend to businesses and individuals in need of capital. When you or I buy anything using borrowed money, we must pledge collateral or equity against potential losses. That is prudent risk management. But the rules are different if you are a vampire squid zombie bank. After the 2008 Global Financial Crisis (GFC), the world’s banking regulators attempted to force banks globally to hold more capital, thus creating a more robust and resilient global banking system. The system of rules that codified these changes are called Basel III. The problem with Basel III is that government bonds are not treated as riskless. Banks must put a small amount of capital behind their gargantuan portfolio of sovereign bonds. These capital requirements have proven problematic during times of stress. During the COVID March 2020 market crash, the Fed decreed that banks could hold USTs with no collateral backing. This allowed banks to step in and warehouse trillions of dollars worth of USTs in a riskless fashion … at least in terms of their accounting treatment. When the crisis abated, the supplemental leverage ratio (SLR) exemption for USTs was reinstated. Predictably, as UST prices fell due to inflation, banks went bust due to an insufficient capital cushion. The Fed rode to the rescue with the BTFP and now the discount window, but that only covers losses from the last crisis. How can banks step up and slurp down more bonds at the current unattractively high prices? The US banking system loudly proclaimed in November 2023 that due to Basel III forcing them to hold more capital against their government bond portfolios, Bad Gurl Yellen could not stuff them with more bonds. Therefore, something had to give because the US government has no other natural buyers of its debt at these negative real yields. Below is the polite way the banks phrased their precarious situation. Demand for US Treasuries may have softened among several traditional buyers. Bank security portfolio assets have been declining since last year, with bank holdings of Treasuries down $154 billion compared to one year ago. Source: Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee Again, the Fed – led by Powell – saved the day. Out of nowhere, at a recent , Powell proclaimed that banks would not be subject to higher capital requirements. Remember that many politicians called for banks to hold more capital so that the regional banking crisis of 2023 would not repeat itself. Obviously, the banks lobbied hard to nullify these higher capital requirements. They had a good argument –  if you, Bad Gurl Yellen, want us to buy dogshit government bonds, then we can only do it profitably with infinite leverage. Banks around the world run every flavour of government; the US is no different. US Senate Banking hearing The icing on the cake was a recent letter from the International Swaps Dealer Association (ISDA) advocating for an exemption of USTs from the SLR I spoke about earlier. In essence, banks can only hold USTs in the trillions of dollars needed to finance the US government deficit on a go-forward basis if they are required to put no money down. I expect as the US Treasury ramps up debt issuance, the ISDA proposal will be accepted. This excellent chart from clearly shows how wasteful the US Government is, as evidenced by the record-high deficit. The two recent periods where deficit spending was higher were due to the 2008 GFC and the boomer-led COVID lockdowns. The US economy is growing, but the government is spending money like it's an economic depression. Bianco Research Taken together, the relaxation of capital requirements and a likely future exemption of USTs from the SLR are a covert way of money printing. The Fed doesn’t print the money, rather the banking system creates the credit money out of thin air and purchases the bonds which then appear on their balance sheet. As always, the goal is to ensure that government bond yields do not rise to a level above the nominal GDP growth rate. As long as real rates remain negative, stonks, crypto, gold, etc., will continue advancing in fiat currency terms. Bad Gurl Yellen My essay “ ” spoke in depth about how the US Treasury, led by Bad Gurl Yellen, increased the issuance of short-term Treasury bills (T-bills) in an effort to drain the trillions of dollars locked in the Fed’s Reverse Repo Program (RRP). As expected, the RRP decline coincided with a rip higher in stonks, bonds, and crypto. But now that the RRP is down to $400 billion, the market is wondering what the next source of fiat liquidity will be that bolsters asset prices. Don’t you worry, Yellen ain’t done yet, shout ‘bout to booty drop. Bad Gurl RRP Balance (white) vs. Bitcoin (yellow) The flow of fiat funds I will discuss focuses on US tax payments, the Fed’s Quantitative Tightening (QT) program, and the Treasury General Account (TGA). The timeline in question is from April 15th (the day tax payments are due for the 2023 tax year) to May 1st. Let me provide a quick guide on their positive or negative impact on liquidity to help you understand the implications of these three things. remove liquidity from the system. That is because payers must remove cash from the financial system by selling securities for example, in order to pay their taxes. Analysts expect tax payments for the 2023 tax year to be on the high side because of the large amounts of interest income received and a solid performance in the stock market. Tax Payments removes liquidity from the system. As of March 2022, the Fed allows roughly $95 billion worth of UST and MBS to mature without reinvesting the proceeds. This causes the Fed’s balance sheet to fall, which we all know reduces dollar liquidity. However, we are not concerned about the absolute level of the Fed’s balance sheet but the pace at which it declines. Analysts, like Joe Kalish of Ned Davis Research, expect the Fed to reduce the pace of QT by $30 billion per month at its May 1st meeting. The reduction in the pace of QT is positive for dollar liquidity as the Fed’s balance sheet rate of decline slows. QT When the balance rises, it removes liquidity from the system, but when it falls, it adds liquidity to the system. When the Treasury receives tax payments, the TGA balance rises. I expect the TGA balance to swell well above the current ~$750 billion level as tax payments are processed on April 15th. This is dollar liquidity negative. Don’t forget it's an election year. Yellen’s job is to get her boss, US President , reelected. That means she must do all she can to juice the stock market to make voters feel rich and ascribe this great outcome to the slow “genius” of Bidenomics. When the RRP balances finally go to zero, Yellen will spend down the TGA, releasing, most likely, an additional $1 trillion of liquidity into the system, which will pump markets. TGA Jeo Boden The precarious period for risky assets is April 15th to May 1st. This is when tax payments remove liquidity from the system, QT rumbles on at the current elevated pace, and Yellen has yet to start running down the TGA. After May 1st, the pace of QT declines, and Yellen gets busy cashing checks to jack up asset prices. If you are a trader looking for an opportune time to put on a cheeky short position, the month of April is the perfect time to do so. After May 1st, it’s back to regular programming … asset inflation sponsored by Fed and US Treasury financial shenanigans. Bitcoin Halving The Bitcoin block reward is forecast to halve on April 20th. This is seen as a bullish catalyst for crypto markets. I agree that it will pump prices in the medium term; however, the price action directly before and after could be negative. The narrative of the halving being positive for crypto prices is well entrenched. When most market participants agree on a certain outcome, the opposite usually occurs. That is why I believe Bitcoin and crypto prices in general will slump around the halving. Given that the halving occurs at a time when dollar liquidity is tighter than usual, it will add propellant to a raging firesale of crypto assets. The timing of the halving adds further weight to my decision to abstain from trading until May. To date I took full profit on these positions, MEW, SOL, and NMT. The proceeds were placed into and staked to earn that phat yield. Before Ethena, I would have held USDT or USDC and earned nothing while Tether and Circle captured the entire T-bill yield. Ethena’s USDe Could the market defy my bearish inclinations and continue higher? Fuck yeah. I’m perennially long as fuck crypto, so I welcome being wrong. Do I really want to babysit my most speculative shitcoin positions while I’m two-stepping at Token2049 Dubai? Hell no. Therefore, I dump. There is no need to be upset. If the dollar liquidity scenarios I discussed above come true, I will have that much more confidence to ape into all manner of dogshit. If I miss a few percentage points of gains but definitely avoid losses for my portfolio and lifestyle, that is an acceptable outcome. With that, I bid you adieu. Please remember to put your dancing shoes on, and I will see you in Dubai for a celebration of the crypto bull market.

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**GRAND CAYMAN, Cayman Islands, March 28th, 2024/Chainwire/--**March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading. Sui, the fast ascending Layer 1 blockchain offering industry-leading performance and infinite scaling, continued to demonstrate its blistering DeFi growth by cementing its place in the top ten of all chains by weekly DeFi volume, registering over $830M of trading over the most recent seven days of data available on and $224M in the latest 24 hours. DeFiLlama The volume growth comes as the chain has amassed several DeFi milestones since the start of the year, including surging past $700M in total value locked (TVL) earlier this week – up over 1900% since October – and dominating outflows from Ethereum via Wormhole during multiple seven-day periods this year. Sui is also setting the standard for network reliability during periods of high network traffic. In the first four months of its mainnet, Sui completed 65.8M transactions in a single day—the most of any blockchain ever, while throughout its existence, the network has never had an outage or experienced degraded performance. These milestones reflect how Sui’s underlying technology, which features an object-centric model, horizontal scalability, the increasingly popular, developer-friendly Move programming language, and recent breakthroughs such as zkLogin and zkSend, enables developers to create products that solve real-world challenges at scale. Sui’s technology has also attracted top projects and developers which are increasingly choosing to build on Sui. Most recently, , a protocol developed by the team behind Solana’s largest lending protocol, Solend, launched in its first expansion outside the Solana ecosystem. Ondo Finance’s treasury-backed assets also recently made their way into the ecosystem, while decentralized derivatives exchange left Arbitrum for Sui. Suilend Bluefin DeepBook, Sui’s fully on-chain order book, which is part of the Sui Protocol, has experienced a substantial volume increase in March as DeFi on the network continues to flourish. The CLOB saw over $940M in volume since the start of the month, and over $289M of trading in the last week alone, as it continues to provide deep liquidity to all DeFi protocols and traders on Sui with ultra-low, predictable transaction costs and sub-second finality. “From the Move language to its object-centric architecture, Sui’s technology is unique in the industry and enables a level of innovation that is attracting partnerships, protocol expansions, and independent developers—all building solutions that leverage the Sui network,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s surging metrics in DeFi indicate definitively that in an industry which is currently surging and primed for cutting-edge technology and practical, real-world applications, Sui is increasingly the platform of choice.” Contact Sui Foundation media@sui.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Sui Spikes In Weekly DEX Volume, Joins Top 10 Of All Blockchains

On-Chain Data Product Insights: The Data Analysis Revolution in the Web3 Era

USA v. Samuel Bankman-Fried Court Filing, retrieved on March 15, 2024 is part of . You can jump to any part in this filing . This part is 19 of 33. HackerNoon’s Legal PDF Series here E. The Enhancement for Deriving More Than $ Million in Gross Receipts From a Financial Institution Is Applicable The defendant argues against application of the two-level enhancement for obtaining more than $1 million in gross receipts from a financial institution as a result of the offense. (Def. Mem. at 25). His argument appears to be that Silvergate Bank, which opened accounts for the defendant in the names of Alameda and North Dimension, may have transmitted more than $1 million in gross receipts, but it did not suffer any losses. But that argument lacks merit. First, Silvergate Bank's financial soundness was in fact affected by the defendant’s conduct. Second, the defendant derived more than $1,000,000 from multiple other financial institutions, and his false statements to Silvergate Bank are not the sole basis for this enhancement. Pursuant to Section 2B1.1(b)(17)(A) of the Guidelines, a two-level enhancement is warranted if “the defendant derived more than $1,000,000 in gross receipts from one or more financial institutions as a result of the offense.” U.S.S.G. § 2B1.1(b)(17)(A). The defendant argues that Silvergate Bank was a mere conduit for his receipt of fraud proceeds, and that this enhancement only applies where the financial institution “is the source of funds involved in the offense and suffers some loss.” (Def. Mem. at 25 (citing United States v. Huggins, 844 F.3d 118, 122-23 (2d Cir. 2016))). But this case is distinguishable from Huggins. First, unlike the bank accounts at issue in Huggins, the Silvergate bank account here was not merely a “conduit” for the fraud. Rather, the defendant here made affirmative misrepresentations to Silvergate Bank to induce it to open a bank account that was an essential component of the fraudulent scheme. That account ultimately processed billions of dollars’ worth of transactions and put the bank’s “financial safety and soundness at risk.” Huggins, 844 F.3d at 123. Indeed, Silvergate Bank declared insolvency in March 2023, just a few months after the collapse of FTX, in significant part because the defendant’s misrepresentations exposed the bank to risks it might not have otherwise taken on. See Recent Bank Failures and the Federal Regulatory Response, Hearing Before the Committee on Banking, Housing, and Urban Affairs, 118th Cong (Mar. 27, 2023) (Statement of FDIC Chairman Martin J. Gruenberg) (FTX’s bankruptcy led to additional “outflows of deposits from digital asset customers” which in turn “caused Silvergate Bank to sell debt securities to cover deposit withdrawals, resulting in a net earnings loss of $1 billion,” and its subsequent bankruptcy). However, the Court does not need to reach the question of whether the enhancement applies to the conduct directed at Silvergate Bank because there is no real dispute that the defendant defrauded multiple other financial institutions as that term is defined in the Guidelines. The definition of “financial institution” includes any “investment company,” “union or employee pension fund,” and “brokers and dealers registered, or required to be registered, with the Securities and Exchange Commission.” U.S.S.G. § 2B1.1 Application Note 1. The defendant defrauded multiple victims who fit into these categories of more than $1 million. That includes investment companies, such as BlackRock, and an international pension fund, which were equity investors in FTX and were defrauded by the defendant’s securities fraud. See, e.g., BlackRock Private Investment Fund Registration Statement, www.sec.gov/Archives/edgar/data/1816389/00011931 2520184172/d945449dn2.htm (noting the company’s registration under the Investment Company Act of 1940). This enhancement also applies because BlockFi was an investment company. BlockFi reached a settlement with the SEC in 2022 acknowledging that it was required to be so registered, and agreeing to pursue registration as an investment company. BlockFi was also a victim of the defendant’s fraud as both a lender to Alameda and a customer of FTX, and its CEO testified at trial regarding the fact that BlockFi lost approximately $650 million due to the defendant’s fraud, which is significantly more than what is required for the enhancement. (Tr. 1164-65). Accordingly, the defendant derived more than $1,000,000 in gross receipts from financial institutions and the enhancement applies. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on March 15, 2024, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener

Understanding the Two-Level Enhancement Dispute in Bankman-Fried's US Trial 

The U.S. Federal Reserve maintained interest rates between 5.25% and 5.5% yesterday, aligning with the widespread market predictions. During his , Fed Chair, Jerome Powell, also managed to reduce market expectations of any rate cuts to happen in March. Markets now estimate the probability of rate cuts to be communicated at the Fed’s meeting in March at just 35.5%, down from 48% just a week ago. speech All Eyes on Inflation In the Q&A session that followed the press release, Jerome Powell substantiated the need to gain 'greater confidence' that inflation continues to trend downwards toward the desired 2% before any rate cuts can be entertained. It’s obvious that the Fed is in a really difficult spot here. Apart from battling inflation, the evidence that the economic system is in distress is clear—especially in the banking sector. The prospects of that changing under the current rate environment are low. Noteworthy, the New York Community Bank, the bank that acquired the now-defunct Signature Bank, just saw its stock more than 40%. tumble Bitcoin Spot ETFs Net Inflows Turning Positive Although Grayscale continues to experience outflows, the rate of outflow is diminishing as the days pass, and the net inflow into the other vehicles has been picking up. Over the last three days, the total net inflows have consistently ranged between $200 million and $250 million. I anticipate this influx of capital into to be persistent, which has the potential to push the price of BTC higher despite the policy uncertainty. BTC Whales are Accumulating - Are you? It is also worth observing that while BTC's price seems to have entered a consolidation range, whales have been aggressively accumulating. Data from IntoTheBlock that Bitcoin whales increased their holdings by over $3 billion in January alone. reveals This happens at a time when the general sentiment has fallen into neutral territory and at a time when miners have been actively reducing their . BTC inventory With those factors in mind, it is difficult to stay entirely bearish on the outlook for BTC even though the uncertainty around economic policy remains a threat to a continued rally. Bitcoin Ordinals - Not a Passing Fad In the past year, Bitcoin ordinals have emerged as one of the leading NFT trends. Despite initial skepticism from some enthusiasts claiming their lack of utility, the count of ordinals on the Bitcoin blockchain has to over 56 million, a remarkable increase from less than 1 million a year ago. surged Even more intriguing is the remarkable value some ordinal collections have achieved. In December, the BitcoinShrooms collection, among the earliest ordinal projects, fetched an astonishing USD$450,850, setting a record at Sotheby's Auction. At this pace, Bitcoin's blockchain has the potential to evolve into a foundational element for various crypto facets. While this could increase on-chain fees, it might also signify the emergence of a new ecosystem thriving on the Bitcoin blockchain, beyond BTC itself. Noteworthy Mentions BTC Price prediction model I toyed around with a price prediction model for BTC simulating what an inflow of $100B would mean to price using the depth of the order book. Here is the if you wanna explore the model. link Industry Shakers FTX Expects to Repay Customers in Full FTX has committed to reimbursing investors following the cryptocurrency exchange's collapse, resulting in substantial financial losses. In a court hearing, FTX's attorney, Andrew Dietderich, expressed confidence that the company will possess adequate funds to satisfy all valid customer and creditor claims entirely. The reimbursement to customers will be determined by the cryptocurrency's price as of November 2022, the period when the exchange filed for bankruptcy. Harvest Global Files for the First Bitcoin Spot ETF in Hong Kong Harvest Global has applied to a Bitcoin exchange-traded fund (ETF) spot with the Hong Kong Securities and Futures Commission (SFC). If granted approval, this ETF would enable investors to engage in share trading on a conventional stock exchange, directly correlated with Bitcoin's price. Hong Kong is actively establishing itself as a crypto-friendly jurisdiction, and this initiative may draw in new participants to the market. Celsius Emerges from Chapter 11, Initiates $3B Crypto Distribution Celsius Network LLC has successfully emerged from bankruptcy, concluding an eighteen-month process with the completion of transactions under its approved plan of reorganization. The plan, supported by approximately 98% of account holders and confirmed by the Bankruptcy Court for the Southern District of New York on November 9, 2023, involves the distribution of over $3 billion in cryptocurrency and fiat to Celsius' creditors. Enjoyed these insights? There's more where that came from. Follow me on for daily tidbits and updates. Twitter/X Also published . here

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