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lplush
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Bullish
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$ETH
seems to be recovering after yesterday's Bybit hack 🫰
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Know a little more about Ethereum $ETH : Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was founded in 2014 by Vitalik Buterin and has since become one of the most widely used blockchain platforms. Ethereum's defining feature is its support for smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This enables the creation of decentralized applications (dApps) that run on the blockchain, without the need for intermediaries. Ethereum is decentralized, meaning it's not controlled by any single entity. This enhances security and transparency. 📖 Use Cases - Decentralized Finance (DeFi): Ethereum's smart contract platform has enabled the creation of decentralized finance (DeFi) applications, such as lending, borrowing, and yield farming. - Gaming: Ethereum's platform has enabled the creation of decentralized gaming applications, such as prediction markets and virtual worlds. - Supply Chain Management: Ethereum's platform has enabled the creation of decentralized supply chain management applications, such as tracking and verifying the origin of goods. - Identity Verification: Ethereum's platform has enabled the creation of decentralized identity verification applications, such as secure and private identity management.
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People are giving back and CZ is trying to do the right thing 🙏 After CZ's donation, people started to donate it back to his wallet address. Now he's figuring out the best way to give it all back to the community. Do you have any idea how he could come up with a good solution? If it were you, what would you do? Donate it to a charity? Burn it? #VIRTUALWhale
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Don't forget to check your daily activity at the Task Center to earn points! 🤩 #TaskList
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$ETH started to fall amidst the ByBit $1.4bi hack. Cryptocurrency exchange Bybit has been hacked for over $1.4 billion in liquid-staked Ether, Mantle Staked ETH (mETH) and other ERC-20 tokens, according to onchain security analyst ZachXBT, who spotted the incident shortly after it occurred. Following the exploit, the onchain sleuth warned users to blacklist addresses associated with the hack. Bybit co-founder and CEO Ben Zhou confirmed the incident and provided an update on the security breach. What to expect on the upcoming days?! #PriceTrendAnalysis
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Litecoin ETF Overview 📈 A Litecoin ETF (Exchange-Traded Fund) is a type of investment fund that allows individuals to buy and sell Litecoin (LTC) like a stock, without directly holding the cryptocurrency. This can provide easier access to the market and potentially lower fees. 📖 Recent Developments - Nasdaq plans to list and trade CoinShares XRP and Litecoin ETFs. - Bloomberg ETF analyst Eric Balchunas has a 90% probability forecast for Litecoin spot ETF approval. - Litecoin has seen a significant price surge, escalating by approximately 17% over just 12 hours, partly due to speculation around an ETF approval. 🔑 Key Points - A Litecoin ETF would enable investors to buy and sell LTC without managing crypto wallets or private keys. - The SEC has acknowledged Grayscale's spot ETF filings for XRP and DOGE, but Litecoin's approval odds are still high. - The biggest driver behind LTC's price surge is the growing anticipation of a spot Litecoin ETF getting the green light from the SEC. #LitecoinETF
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