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- 2024-05-09
2024-05-09
Fernando Fierro
May 09, 2024
Howdy folks,
šš Bitcoin is riding a rollercoaster, with its price oscillating between $62k and $64k, now sitting at about $62k.
Despite a minor 2.6% dip over the last day, it's up 7.2% for the week.
Key technical indicators show mixed signals, some hinting at buying opportunities while others suggest a continued bearish trend.
What are your thoughts?
In other news:
š¦šø Over at FTX, thereās a light at the end of the tunnel for creditors after a tumultuous saga.
The bankrupt crypto exchange has proposed a plan to repay creditors 118% of their claims, fueled by a successful liquidation of assets totaling $16.3 billionāmuch more than the $11 billion owed.
This unexpected financial upturn could see 98% of claimants fully reimbursed if the court approves.
šš The SEC is doubling down on crypto, with Representative Brad Sherman calling the industry a āgarden of snakes.ā
At a recent SEC hearing, the push for stronger regulation was clear as day, highlighting the necessity of oversight to protect investors from fraud and scams.
This stance has intensified debates around the legitimacy and future regulation of cryptocurrencies.
š¶š Shiba Inu (SHIB) just got a boost with a new listing on the Nexo platform, causing a 5% increase in fresh wallet registrations.
With recent developments like Shibariumās Layer-2 blockchain and Shiba Eternity game gaining traction, the SHIB community is more vibrant than ever.
However, internal feuds and market factors continue to influence its trajectory.
DailyCoin Daily Meme
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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.