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Hong Kong regulators have recently approved spot Bitcoin and Ethereum exchange-traded fund applications, signaling a significant milestone for the city’s push to become a central hub for digital assets. The Securities and Futures Commission (SFC) granted in-principle approval for these ETF products from several companies, including China Asset Management and Harvest Global Investments. While this
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Illuvium has made headlines with its recent announcement of a massive airdrop program, distributing 250,000 ILV tokens valued at around $25 million. This initiative is designed to reward the loyal community members of Illuvium and enhance their involvement within the ecosystem. Let’s take a closer look at the details of this airdrop and how it
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Avalon, the independent Web3 gaming studio, recently made waves in the industry with its successful fundraising round of $10 million. This funding, led by Bitkraft Ventures and Hashed, aims to propel the development of Avalon’s revolutionary blockchain gaming title, Avalon. This massively multiplayer online (MMO) game promises to revolutionize the gaming landscape by empowering players
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Ultimeme Fighting Championship (UFC) token experienced an incredible surge of +27,000% in a recent pump. The token, launched as part of a GameFi project, is currently priced at $0.0015, with a 24-hour change of +35,745%. The initial launch of UFC saw an impressive climb of +8,000,000% in just 1.5 hours, showcasing strong market interest. However,
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STEPN, the innovative move-and-earn lifestyle app, has recently collaborated with global sportswear giant Adidas to introduce a limited-edition STEPN x Adidas Genesis Sneakers NFT collection. This groundbreaking partnership signifies the start of a long-term collaboration between the two companies, promising more NFT releases and physical wearable items in the pipeline. The Genesis of the Collection
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In a surprising turn of events, venture capital funding for Bitcoin startups saw a dramatic increase in 2023, despite an overall decline in venture capital activity. A report from Trammell Venture Partners (TVP) revealed that the number of Bitcoin-native pre-seed deals soared by 360% last year, with the number of funded Bitcoin companies increasing by
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Bitcoin Layer 2 solutions have been the subject of significant debate and controversy within the cryptocurrency community. Mononaut, the founder of Mempool, has been particularly vocal in his criticisms of these solutions. He argues that if a Bitcoin Layer 2 solution does not support unilateral exit, it essentially functions as a multi-signature system rather than
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The cryptocurrency market has been experiencing a decrease in bullish momentum, raising concerns about the continuation of the ongoing bull cycle. Recent price fluctuations have seen Bitcoin drop from $70,000 to below $67,000, signaling a struggle to reach its previous all-time high of $73,737. Amidst this uncertainty, on-chain analytics platform Santiment has identified a key
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