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- 2023-11-29
2023-11-29
๐ผ A Security? Neither Soccer Players or SEC Know
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Howdy Folks,How are you feeling with regards to your portfolio...feeling positive?
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Let's take the plunge!
โฝ Soccer Star's Crypto Controversy
๐ก DOGE-1 Gears for Moon Mission
๐ Self-Custody Trend Rises for BTC
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โฝ Ronaldo in Legal Tussle Over Binance Deal
Cristiano Ronaldo, the celebrated soccer icon, is now embroiled in a class-action lawsuit tied to his endorsement of Binance.
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The suit alleges Ronaldo's involvement in selling unregistered securities via the crypto exchange's NFT collections. ๐๐ผ
In June 2022, Binance inked a multi-year partnership with Ronaldo, leading to highly publicized NFT launches.Those NFT collections don't seem like such a good idea now...do they, Ronnie?Plaintiffs argue that these initiatives, boosted by Ronaldoโs global fame, lured investors into purchasing what they claim were unregistered securities. ๐ค๐
The Southern District of Florida lawsuit emphasizes Ronaldo's massive social media influence, asserting it played a key role in elevating Binance's profile. ๐๐
Accusing Ronaldo of negligence, the plaintiffs maintain he should have recognized the nature of Binance's offerings, given his access to expert advisors.Well, if the SEC can't decide what a security is, how is a soccer player supposed to know?The suit also claims he failed to disclose payments received for promoting crypto assets, a requirement outlined by the SEC. ๐ซ๐ฃ
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๐ Dogecoin's Lunar Leap Approved
The Dogecoin-funded mission, DOGE-1, is one step closer to the moon, receiving crucial approval from the National Telecommunications and Information Administration (NTIA).
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This green light is key to obtaining the final Federal Communications Commission (FCC) license for satellite communication. ๐๐ฐ๏ธ
Set for a December 23 launch on Astrobotic's Peregrine Mission One, DOGE-1 will carry the first physical Dogecoin coin to the lunar surface.Don't leave it on the Moon! Crypto should be eco.โป๏ธThis mission, involving payloads from NASA and other entities, showcases Dogecoin's expanding role beyond the crypto market. ๐๐On Earth, Dogecoin's impact is already visible in Sakura City, where a bronze statue funded by the community now stands as a tourist attraction. ๐ฟ๐
From its origins as a Bitcoin parody, Dogecoin has gained prominence through its meme culture and community-driven philanthropic efforts.Regardless of your view, it's a very interesting story...from token to trendsetter!From sponsoring a NASCAR driver to supporting clean water initiatives, the Dogecoin community is harnessing the crypto's power for significant real-world change. ๐ง๐
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๐ Bitcoin Exchange Supply Hits Low
Bitcoin's presence on exchanges has dwindled to its lowest since December 2017, sitting at just 5.38%.
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Market intelligence platform Santiment reports this trend as a sign of diminishing exchange reputation, leading to more self-custody of Bitcoin. ๐๐
Meanwhile, the ten largest Tether (USDT) exchange wallets now hold a combined $15.23 billion, the highest since June 2022.This surge in Tether's exchange buying power indicates a potential readiness among whales to invest in Bitcoin or other cryptocurrencies. ๐ต๐
Supply and Demand baby!! ๐๐
The decline in Bitcoinโs exchange supply is often interpreted as increased investor confidence, with more users opting to hold their BTC for longer periods in secure storage environments.This move to self-custody reflects a growing preference for personal control over assets. ๐ฆ๐
In contrast, the growing Tether reserves in major exchange wallets could signal imminent large-scale purchases in the crypto market.Brace yourselves, folks... ๐๐ฐ
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DailyCoin Daily Meme
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Hereโs What Coinbaseโs Subpoena from the CFTC Means for You
The email suggests that the CFTC seeks information on Coinbase customer accounts as part of a Bybit probe. As such, it hints at...
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TON x Animoca Deal Looks to Bring Web3 Gaming to Telegram
Animoca Brands has recently stepped up as the largest validator on TONโs blockchain as part of this partnership. This move leverages...
Hereโs How Amazon Is Making Building on Polygon Easier
Amazonโs role in hosting crypto nodes through its cloud computing subsidiary, Amazon Web Services (AWS), is well documented, playing...
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