𝓜𝓪𝓴𝓼𝔂𝓶 ⟠ (saulgoodmanbrba)
ᴄʀʏᴘᴛᴏ ɪɴᴠᴇsᴛᴏʀ | ᴀɪʀᴅʀᴏᴘʜᴜɴᴛᴇʀ | ᴛʀᴀᴅᴇʀ | ᴘʀᴏᴛᴏᴄᴏʟ ᴛᴇsᴛᴇʀ | 𝐇𝐎𝐃L
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🗞️ Binance will distribute airdrops to BNB holders Binance has launched the HODLer Airdrops initiative, through which BNB holders can receive rewards from various projects. To participate, BNB must be staked in Simple Earn.
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📰 A minor scandal erupted around Polkadot over its 2024 expense report, revealing $86 million in spending, including $37 million on marketing, conferences, and events. Criticism focused on: • $10 million on partnerships with a football team, eSports team, and Formula 1. • $4.9 million on influencer marketing. • $8 million on events, meetings, and conferences. • Hundreds of thousands on animated logos. A Manta Network co-founder accused Polkadot of having no value and engaging in money laundering. The Polkadot team responded by emphasizing their transparency and turning criticism into a meme. Despite the controversy, the price of $DOT remained unaffected. Polkadot’s treasury manages $245 million (38 million DOT).
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🗞️ Paxos has received approval from the Central Bank of Singapore to offer digital services, allowing it to issue stablecoins in compliance with the country’s regulations. Paxos Digital Singapore Pte. LTD. is authorized to offer “virtual payment token services” as a licensed institution. “Obtaining the license is an important step for Paxos and our global corporate partners to safely offer access to US dollars (USD) to more users worldwide,” said Paxos’ Head of Strategy Walter Hessert. Paxos also has the right to issue stablecoins in the US and the UAE. Currently, 19 companies hold the MPI license in Singapore, including Blockchain. com, Circle, and Coinbase. Paxos announced a partnership with Singapore’s DBS Bank to manage cash and store stablecoin reserves. Head of Digital Assets at DBS Bank’s Institutional Banking Group, Evie Teunis, noted that the partnership expands the bank’s involvement in the cryptocurrency ecosystem.
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📰 Justin Sun has volunteered to buy all remaining bitcoins from the German government. 🇩🇪 Justin Sun has stated that he is prepared to purchase all bitcoins from the German government via OTC to alleviate pressure on the market. Today, the German government transferred 1300 BTC to exchanges Kraken, Bitstamp, and Coinbase. It also transferred 1700 BTC to one address, likely for subsequent sale on institutional platforms. Currently, German authorities still hold 40,000 BTC valued at $2.3 billion. 😎
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