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In a dynamic turn of events, Bitcoin’s price plummeted to $40,930, marking a significant nearly 4% decrease as of Friday. This downturn comes amid a broader context of financial uncertainty, where the US Dollar is poised for a consecutive weekly rise due to subdued expectations for interest rates. Adding to the complexity of the crypto market, Fidelity’s anticipated Ether ETF faces delays, attributed to a surge in investor demand for more leveraged Bitcoin ETFs. Compounding these market movements, former President Donald Trump has vehemently criticized Central Bank Digital Currencies (CBDCs) as a “dangerous threat to freedom,” asserting a strong opposition to the creation of digital dollars. These developments weave a multifaceted narrative of fluctuating digital currency values, regulatory challenges, and political interventions, setting a dramatic stage for the future of cryptocurrencies. #BTC #Binance #TrendingTopic
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Binance is excited to announce the 45th project on Binance Launchpool - AltLayer (ALT), a platform to launch native and restaked Rollups with both Optimistic and ZK Rollup Stacks. The webpage is estimated to be available in 24 hours, before the Launchpool starts. Users will be able to stake their BNB and FDUSD into separate pools to farm ALT tokens over six days, with farming starting from 2024-01-19 00:00 (UTC) #Launchpool #ALT #BTC-ETF. #TrendingTopic
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Vitalik Buterin, the co-founder of Ethereum (ETH), has ignited a debate about the classification of various layer 2 scaling solutions. The crypto veteran has claimed that Ethereum’s validiums should not be considered genuine rollup solutions. The statement came in response to a post by Daniel Wang, the founder of Taiko, an Ethereum rollup solution, who said if an Ethereum rollup relies on an external data chain, such as Celestia’s modular blockchain, then it should be classified as a validium. Buterin concurred with Wang’s comment, stating: “This is correct. The core of being a rollup is the unconditional security guarantee: you can get your assets out even if everyone else colludes against you.” He emphasized that if data availability depends on an external system, that security guarantee cannot be upheld. #TrendingTopic #Ethereum2024 #Binance
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