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Mir Mahmudun Nabi
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Mir Mahmudun Nabi
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Good Night Everyone. Welcome to 金狗社区 （猎庄 × 宁凡） Binance Kol Chatbox. Join & Received Every day's red packet in chat. Join here 金狗社区 （猎庄 × 宁凡） $BTC $NEIRO $PEPE
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#GENIUSActPass The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) just passed the U.S. Senate on June 17, 2025, by a 68–30 bipartisan vote. This Senate approval is the first-ever major crypto‑focused legislation to clear that chamber—and it now heads to the House. 🏛️ Key Provisions Establishes a federal regulatory framework for stablecoins (dollar-pegged cryptocurrencies). Mandates 1:1 reserves in cash or Treasuries and monthly audited disclosures for large issuers (over $50 billion). Requires issuers to comply with anti‑money laundering rules and undergo regulatory oversight similar to banks . Bars lawmakers and executive officials from issuing stablecoins to prevent conflicts of interest. Tightens rules around foreign and non-financial issuers, partly targeting firms like Tether . ✍️ Political Dynamics Bipartisan support: 18 Democrats joined Republicans in backing the bill. Critics include Senator Elizabeth Warren, who argues it lacks strong enough safeguards. 🛣️ What’s Next? Moves to the Republican-controlled House, where a companion STABLE Act is under discussion. House legislators may push for stricter consumer protections or merge it with broader rules (e.g., market‑structure reforms under a “CLARITY Act”). If passed by both chambers, it's expected to be signed by President Trump before the August congressional recess. 🌐 Industry Impact Market reaction: U.S.-based issuers like Circle (USDC) stand to benefit, while foreign stablecoins like Tether (USDT) face new constraints. Corporate interest: Big firms—Visa, Mastercard, Amazon, Walmart—had been exploring stablecoin options, and the legislation provides needed clarity. Global implications: Seen as a strategic move to reaffirm the dollar's dominance in the digital asset space.
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Good Morning. Spreading Love & Happiness 💙 $BTC $XRP $SOL
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#CryptoRoundTableRemarks $BTC $XRP 金狗社区 （猎庄 × 宁凡） Welcome to here in Kol Chat Box.
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#TradingMistakes101 Here’s a breakdown of Crypto Mistakes 101—common errors that beginners (and sometimes even experienced investors) make in the crypto world, and how to avoid them: 🔐 1. Not Securing Your Private Keys Mistake: Storing private keys or seed phrases in plain text (like screenshots, notes apps, or cloud storage). Fix: Use a hardware wallet or encrypted offline storage. Remember: "Not your keys, not your coins." 📉 2. Investing Without Research (FOMOing In) Mistake: Buying into a project just because it's trending or someone on social media hyped it. Fix: Research fundamentals: the team, tokenomics, roadmap, and use case before investing. 📊 3. Overtrading Mistake: Constantly buying and selling based on emotions or short-term movements. Fix: Have a strategy. Stick to it. Avoid revenge trading or panic selling. 💸 4. Falling for Scams and Phishing Mistake: Clicking on fake links, giving seed phrases to “support” reps, or joining sketchy airdrops. Fix: Always double-check URLs. Never share your seed phrase. If it seems too good to be true, it is 🔄 5. Using Centralized Exchanges as Wallets Mistake: Keeping large amounts of crypto on an exchange. Fix: Move funds to a self-custodial wallet unless you're actively trading. 📚 6. Ignoring Fees and Gas Costs Mistake: Transferring or trading small amounts and losing most of it to gas/transaction fees. Fix: Understand the cost structure of the chain you're using. Layer 2 solutions often offer cheaper alternatives. 🧠 7. Poor Portfolio Diversification Mistake: Going all-in on one coin or token. Fix: Diversify across multiple assets and sectors (DeFi, infrastructure, gaming, etc.) based on your risk tolerance. 🕰️ 8. No Exit Strategy Mistake: Holding indefinitely without knowing when or why to sell. Fix: Set profit targets and stop-loss levels. Revisit your goals regularly. 📆 9. Tax Negligence Mistake: Ignoring crypto taxes and getting blindsided by a huge bill later. Fix: Track your transactions and stay informed about your local tax laws. Dyor.
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