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🇺🇸 Senator Cynthia Lummis says the US government should sell its gold and buy Bitcoin.
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Cryptocurrency and blockchain technology have revolutionized not only the financial system but also philanthropic efforts 🌎. In 2024, the value of crypto donations surpassed $1 billion 🤯, reflecting the rapid growth of the crypto market and improved regulations 📈. Crypto philanthropy promotes transparency 🌟, reflects distrust in traditional institutions 🚫, and redefines generosity 🤝. However, questions arise about donor control over fund usage and balancing aid with recipient needs 🤔. Despite challenges, crypto philanthropy has the potential to promote transparency and trust 🌈, highlighting a new dimension of social values 🌎. As this space evolves, it's essential to address regulatory and ethical considerations to ensure the positive impact of crypto philanthropy 🚀.
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US SEC Commissioner Hester Peirce suggests that crypto startups should be allowed to raise funds using NFTs 🚀. She emphasizes that NFTs offering art or membership-like features could be exempt from securities laws 🎨. Projects like 'Stoner Cats' and 'Flyfish Club' have already raised funds via NFTs, but faced SEC action 🚫. Peirce believes exempting such NFTs from securities laws could create new opportunities for crypto entrepreneurs 🌟. However, she warns that NFTs with investment characteristics may still fall under securities laws 📝. This development could have significant implications for the crypto and NFT markets 🚀. If implemented, it could pave the way for more innovative fundraising methods and increased mainstream adoption of NFTs 🌈.
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An SEC crypto roundtable lawyer Lee Reiners confirmed that Bitcoin is not considered a security because it operates in a decentralized manner without a central authority. This distinction is crucial for regulatory clarity, as it exempts Bitcoin from strict securities laws.
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Synthetix Q4 Update Synthetix revamped its governance, acquired Kwenta and TLX, and expanded its perpetual markets, strengthening its position in DeFi derivatives. 📊 Quarter-over-Quarter Metrics: • Daily average perp volume surged 29% 📈 • Open interest reached a yearly high of $367.1M 💰 • Launched 68 new perp markets covering 24 new assets 🚀
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