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Trick or Treat time👻 Tell us the scariest thing you know about blackbox AI, the secrets, the shadows, the ghost data We’ll reveal how OpenLedger exorcises them. The best truth-teller wins treats 🍭🐙 @OpenLedger #OpenLedger $OPEN
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$DOGE is currently in a consolidation phase after repeated pullbacks and corrections. $DOGE price has been holding above the key support zone, showing signs of stability. If the support continues to hold, DOGE could build momentum and break out of this sideways range.
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Ether.Fi DAO Launches 50 Million US Dollar Token Repurchase Plan Ether.Fi's DAO announced yesterday that it will repurchase 50 million US dollars worth of tokens, which is quite a positive signal. A repurchase usually means that the project team believes the current price is undervalued and wants to support the price by reducing circulation. This amount of 50 million is not a small sum for a DeFi protocol, indicating that their cash flow is quite healthy. Moreover, deciding the repurchase through DAO voting reflects the spirit of decentralized governance. From the market perspective, such repurchase plans often boost investor confidence, at least indicating that the project team is still actively working rather than running away. However, whether the buyback can really raise the price still depends on the execution details and the overall market environment. If the entire DeFi sector is declining, relying solely on buybacks may have limited effect. But in the long run, this attitude of maintaining the token's value is still commendable. At least it's much better than those projects that only draw big plans and never give back to the token holders. #Binance
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USDC Treasury burns 65 million USD, market liquidity slightly adjusted USDC Treasury burned 65 million USD of USDC yesterday, which is a routine supply adjustment operation. Although the amount is not particularly large, it can still reflect some market trends. Burning tokens generally means that the demand for stablecoins is decreasing, or that the amount of redemptions is increasing. 65 million is not a large number in the overall circulation of USDC, but it also indicates that some funds may be withdrawing from the cryptocurrency market recently. This corresponds with the ETF outflow data we have seen, both pointing in the same direction—short-term liquidity is tightening. However, there is no need to worry too much, as such adjustments are quite normal in the operation of stablecoins. Circle will issue or burn USDC at any time based on market demand to ensure that every coin has sufficient dollar reserves. From another perspective, this transparent operation actually increases the credibility of USDC. At least everyone knows they are not issuing coins randomly, but are operating strictly according to a 1:1 reserve. $USDC
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