mehrimah🎩

@mehrimah

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1145 Followers

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It was a great network and the best surprise. 67 $DEGEN

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$ZORA Token Launch and Airdrop: Zora launched its native $ZORA token on April 23, 2025, on Base, Coinbase’s layer-2 network, with a total supply of 10 billion tokens. The launch included a retroactive airdrop of 1 billion tokens (10% of the supply) to early users, such as those who minted, bought, or listed NFTs, used Zora’s L2, or referred others. The token, described as a “memecoin for the Zora community,” aims to enhance community engagement without governance or equity rights. However, the launch faced challenges, with the token dropping over 50% from its initial price spike, reflecting trader skepticism about venture capital-backed tokens. Some traders on X expressed frustration, feeling used as “exit liquidity” for insiders.

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Community and Creator Focus: Zora’s push to tokenize content has sparked debate. Some see it as a new era for creators, with potential for high trading volume due to low fees on Base. Others, including X users, question its value, labeling it a shift from an art platform to a memecoin generator. The platform has allocated 20% of the token supply for future community incentives like grants and hackathons, aiming to deepen engagement with its 2.4 million collectors and 618,000 creators.

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thanks for this news 60 $DEGEN

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Market Volatility and Tariff Impact: Bitcoin (BTC) recently dropped below $80,000, stabilizing around $79,000, amid global market concerns over U.S. tariffs announced by President Donald Trump. Ethereum (ETH) fell over 20%, trading below $1,500, while Dogecoin (DOGE) saw a 20% decline. The tariff-driven uncertainty led to $240 million in outflows from crypto exchange-traded products (ETPs), with Bitcoin ETPs hit hardest. However, crypto-related stocks like Coinbase saw $8 million in inflows, showing some resilience.

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Global Developments: In China, authorities are debating how to manage a growing pile of seized cryptocurrencies, with suggestions to sell them overseas or create a crypto reserve, amid heightened U.S.-China tensions. In New York, a proposed bill aims to legalize Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for state payments, potentially with a service fee.

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On the legislative front, there’s buzz about a U.S. stablecoin bill gaining traction. Reports from Forbes on April 6 indicate Congress is rushing to pass legislation before August that could allow interest payments on dollar-pegged stablecoins, potentially transforming them into a mainstream financial tool. This move, supported by Trump’s Council of Advisers on Digital Assets, could significantly impact the crypto market’s structure.

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its really important news 48 $DEGEN

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Bitcoin has experienced notable volatility recently, largely influenced by U.S. President Donald Trump’s latest tariff announcements. On April 2, Bitcoin dropped from near $88,000 to just above $83,000 following the tariff reveal, which rattled markets and sparked a sell-off in riskier assets like cryptocurrencies. By April 3, the price had slid further to around $81,914, a 5% decrease, though it later climbed back to $87,300, according to some reports. This turbulence reflects broader market reactions to Trump’s trade policies, which some analysts suggest could lead to inflationary pressures and impact Federal Reserve decisions.

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On the institutional front, Circle, a major stablecoin issuer, has filed for an IPO with JPMorgan Chase and Citigroup as lead underwriters, indicating a warming of public markets to crypto ventures. Additionally, Eric Trump and Donald Trump Jr. have ventured further into crypto with American Bitcoin, a mining company formed through a merger, reflecting the Trump family’s growing embrace of the sector amid claims their traditional businesses faced cancellation.

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I just won 0.05 $RUNNER from Warpslot. Spin for free today!

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I just won 3.87 $DEGEN from Warpslot. Spin for free today!

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Stablecoin Legislation in the U.S.: The U.S. House has unveiled a stablecoin bill that could pass by summer 2025, aiming to provide a regulatory framework for these dollar-backed digital currencies. This comes as stablecoins grow as a key sector in crypto, with Treasury Secretary Scott Bessent emphasizing their role in maintaining the U.S. dollar’s global dominance at a recent White House Crypto Summit.

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TypeScript Compiler Rewrite in Go: Earlier this month, the TypeScript team announced a major rewrite of its compiler in Go, resulting in a 10x speed increase for type-checking and reduced memory usage. This upgrade significantly enhances the developer experience, reflecting a broader industry focus on performance optimization.

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I'm a Speculator-Pragmatist (3.0, 3.0) on the Onchain Alignment Chart! Check out your position:

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I just joined the waitlist for Arrows! A fun new game coming soon ↑

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It's day 356 of my Farcaster journey! I have joined Farcaster on Mar 31 2024 10:47 UTC My 1st Farcaster birthday is in 9 days How about you? Frame by @nikolaii.eth 🚀

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My Spam Label by @mvr

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In regulatory news, the U.S. SEC is hosting its first-ever Crypto Regulation Roundtable today at 1 PM Eastern Time (6 PM CET), live-streamed by the agency’s Crypto Task Force. This event aims to tackle key regulatory challenges and opportunities in the sector. Meanwhile, Australia’s government has outlined a new crypto regulation plan, with draft legislation expected later in 2025, promising to address debanking issues with major banks—a move that could bolster exchange operations Down Under.

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