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Quick summary of the key developments in the cryptocurrency market:
* Overall market: The cryptocurrency market declined by 3%, resulting in a loss of over $100 billion in market value, affecting most major currencies.
* Major currencies: Bitcoin decreased by 2.34% and Ethereum decreased by 4.36%.
* Important news:
* Grayscale has applied to launch a spot exchange-traded fund (ETF) for Dogecoin (DOGE).
* Gemini plans to list on the NASDAQ stock exchange.
* The Monero network is asking miners for support to enhance security.
* Winning currencies: Some smaller currencies like NEET and Altura saw significant increases, contrary to the overall market trend.
* Market indicators: Despite the decline, the fear and greed index still indicates "greed" (60), showing investor optimism.
Important note: Investing in cryptocurrencies involves high risks and significant price volatility. This information is not investment advice.
To follow the latest developments and exclusive analyses in this ever-evolving world, stay tuned for more. Follow me for more cryptocurrency news.
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#builtonsolayer @Solayer labs