š§§š§§š§§Challenge for ten thousand followers, red envelopes non-stop! Super big red envelopes in the bull market! Hurry up, donāt be slow! 888u red envelopes keep coming, come if you want to grab themš§§š§§š§§
Over the past 24 hours, the ETHUSDT perpetual chart has shown notable volatility, reflecting market uncertainty. After a mild recovery attempt, Ethereum faced a dip during the early Asian session but managed to stabilize near the $3,350ā$3,400 range. I executed a long position at the $3,365 support level with a tight stop below $3,340, targeting a bounce back toward $3,450 resistance.
I'm using 3x leverage on Binance Futures, keeping risk management strict. The RSI was oversold on the 1h timeframe, hinting at a possible reversal ā which we saw forming toward the end.
How Bitcoin Fights Poverty and Corruption in Kenya Bitcoin is increasingly replacing cash in Kibera, Kenya. High fees and uncertainty make cryptocurrency a real alternative for everyday life.
In the Kibera slum in Nairobi, Kenya, Bitcoin is increasingly replacing cash. The reasons are everyday robberies, corruption, and high fees from mobile payment services like M-PESA. The initiative by social worker Ronnie Mdawida uses donations to build a closed Bitcoin marketplace. Kibera is one of the most financially marginalized communities in the world. "We brought Bitcoin to Kibera to integrate people financially," Mdawida told Tagesschau. Mdawida's organization links the use of Bitcoin to training in financial and crypto knowledge. This way, participants should be able to manage independently in the long term - but also learn about the risks of cryptocurrencies. Currently, Bitcoin worth more than 20,000 Euros is in circulation. Many merchants also accept the leading cryptocurrency as a means of payment. Not only in Kenya is BTC increasingly spreading as a means of payment, also thanks to people like Anita Posch. She is a human rights activist and a dedicated Bitcoiner. As the founder of "Bitcoin for Fairness," she educates people in developing countries about the value of the leading cryptocurrency.
Germany presents itself to the world as a democratic and open country, but in truth, this single image with 2 women is enough to reflect what is happening in reality.
Women still have a hard time reaching leadership positions even though they are highly qualified. We are living in 2025 š¤¦š½āāļø
Stablecoin Hype First Ethena Treasury Company Invests 260 Million USD in ENA
The infrastructure company Stablecoin is going public following a merger, launching an ENA reserve and thus heating up the sentiment around Ethena. First Ethena Treasury Company invests... Through a merger with TLGY Acquisition Corp., StablecoinX - a validator and infrastructure provider from the Ethena ecosystem - is going public & is building an ENA treasury with the proceeds. Class A shares are expected to be traded on Nasdaq under the ticker symbol "USDE" (analogous to its own stablecoin). The Ethena Foundation will hold the majority of voting rights in StablecoinX after the merger. The statement reads promisingly: The stock markets will now have direct access to the most important emerging trend in the entire financial world: The growth of digital dollars and stablecoins." Circle will thus face competition. StablecoinX Inc. intends to use the entire cash proceeds of 260 million USD from the capital increase to buy ENA. At current prices, this corresponds to about 8 percent of the ENA in circulation. ⢠Over the next six weeks, the company plans to invest approximately 5 million USD daily into the cryptocurrency. Investors in Stablecoin include prominent industry VCs such as Dragonfly, Pantera, and Galaxy Digital. The Ethena Foundation also has the right to veto any sale of ENA by StableCoinX. The goal is anyway the accumulation of ever larger amounts of ENA. Ethena is currently the third largest stablecoin issuer. The market capitalization of the USDe token recently surpassed the 6 billion USD mark. While some crypto investors still bear the weight of the Terra Luna trauma, others view Ethena as a stablecoin revolution. The stablecoin hype is currently gaining momentum. Following the successful IPO of USDC.
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šø Security starts with the decisions you make. š¤šÆš§”
Does XRP have a burning mechanism? Here is what you need to know š„
The Basics of XRP and Supply
XRP, the native cryptocurrency of the Ripple network, is known for its fast transactions and focuses on cross-border payments. With a fixed total supply of 100 billion XRP, the question often arises whether it employs a burning mechanism to manage or reduce the supply.
š„ Does XRP burn coins?
Yes, XRP has a burning mechanism, but it works differently than other cryptocurrencies like Ethereum.
š¦ Transaction fees are burned:
Every time an XRP transaction is processed, a small amount of XRP is burned (i.e., permanently removed from circulation).
Example: 0.00001 XRP per transaction is the typical fee.
Purpose: Prevent spam attacks and ensure network efficiency.
š How does this affect the supply?
The burning mechanism ensures that the XRP supply gradually decreases over time.
While the burn rate is low, it adds up to higher transaction volumes, especially as adoption increases.
Currently, the impact on the total supply is negligible, but over decades it could play a more significant role.
āļø Why are there no larger burning events?
Unlike tokens that perform massive burns to increase scarcity and drive up prices (e.g., Binance Coin), the burning process of XRP is directly tied to its utilities and transaction usage.