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M FAISAL SHAIZAD
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M FAISAL SHAIZAD
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Dutch Crypto Firm Amdax Targets 1% of Bitcoin Supply with $23M Treasury Launch Dutch cryptocurrency service provider Amdax has secured €20 million (about $23.3 million) in its first financing round to establish AMBTS (Amsterdam Bitcoin Treasury Strategy), a newly formed, independently governed Bitcoin $BTC treasury company. AMBTS plans to list on Euronext Amsterdam and gradually accumulate up to 1% of Bitcoin’s total supply, approximately 210,000 BTC, which today equates to over $23 billion . CEO Lucas Wensing emphasized that with more than 10% of Bitcoin already held by corporations, governments, and institutions, the timing is ripe for launching a regulated European Bitcoin treasury vehicle . AMBTS will channel capital market mechanisms to grow its Bitcoin holdings and enhance shareholder equity over time . #Amdax #BitcoinTreasury #CryptoInstitutional l #Euronext #CryptoNewss
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Vitalik Buterin Warns Quantum Computers Could Break Crypto by 2040 Ethereum co-founder Vitalik Buterin cautions that there’s a 20% probability that quantum computers could break modern cryptography by the end of 2030, with the median projection placing the threat around 2040 based on forecasting data from Metaculus . He emphasizes that while current threats may seem distant, the crypto community must proactively develop post-quantum cryptography, including STARKs and other zero-knowledge proof systems, to safeguard blockchain infrastructures . #QuantumThreat #QuantumCrypto #VitalikButerin #CryptoSecurity #BlockchainSafety
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Tether Launches USDT on Bitcoin Wallets via RGB Protocol Tether has announced the launch of its USDT stablecoin on the Bitcoin network through the RGB protocol. This upgrade allows users to send, receive, and manage USDT directly from Bitcoin wallets alongside their BTC. The move combines Bitcoin’s security with stablecoin flexibility, offering privacy, scalability, and Lightning Network support for faster, cost-efficient transactions. #Tether #Stablecoins #RGBProtocol #CryptoUpdates #Blockchain
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3 Oversold Altcoins to Watch as Ethereum Hits New All-Time High According to a recent article on Coinpedia, Ethereum's (ETH) recent surge to a new all-time high has left several altcoins deeply oversold against ETH, creating potential opportunities for investors. 1. Sui (SUI) Current Status: $SUI is exhibiting extreme oversold conditions when priced against ETH, even more so than during its July 2024 bottom. Historical Context: Back then, SUI dipped slightly lower before staging an explosive 800% rally within months. Current Setup: The setup now looks eerily similar, with on-chain activity remaining healthy and trading volumes staying strong, indicating active buyer interest even during this dip. 2. Avalanche (AVAX) Current Status: $AVAX is ETH pair is at levels not seen since September 2023, a period that marked the beginning of a 600% run for AVAX. Technical Indicators: Oversold RSI suggests momentum is bottoming out, while liquidity on Avalanche’s DeFi ecosystem continues to grow steadily. 3. Hedera (HBAR) Current Status: $HBAR is showing signs of a bullish divergence, indicating potential for a strong rebound. Market Sentiment: Despite the broader market's downturn, HBAR's technical indicators suggest it could outperform in the near future. These altcoins are currently trading at significant discounts relative to ETH, echoing past rallies and setting up potential major rebounds. However, it's essential to conduct thorough research and consider market conditions before making investment decisions. #altcoins #oversold #Coinpedia #InvestSmart #ETH
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Trump-Backed American Bitcoin Set to List on Nasdaq in September American Bitcoin, the cryptocurrency mining venture backed by Eric and Donald Trump Jr., is set to debut on Nasdaq in September via a merger with Gryphon Digital Mining. The combined company, under the ticker ABTC, will be predominantly owned by the Trump family and Canadian firm Hut 8, which controls 80% of the new entity. Looking beyond the U.S., American Bitcoin aims to acquire crypto assets in Hong Kong and Japan, broadening its global reach and providing more investment opportunities for international markets. #NASDAQ #CryptoMining #abtc #Japan #CryptocurrencyNews
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