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🚨#FTX employees reportedly found a backdoor allowing Alameda Research to withdraw billions in customer funds! 😲 The issue was flagged but never fixed. LedgerX's chief risk officer Julie Schoening, who raised concerns, was fired in August 2022. What do you think about this situation? 💬 Let's discuss in the comments! #crypto #blockchain #exchange

🚨#FTX employees reportedly found a backdoor allowing Alameda Research to withdraw billions in customer funds! 😲 The issue was flagged but never fixed. LedgerX's chief risk officer Julie Schoening, who raised concerns, was fired in August 2022. What do you think about this situation? 💬 Let's discuss in the comments! #crypto #blockchain #exchange

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🔔Breaking News! Dapper Labs, the NFT giant behind NBA Top Shot Moments, has reached a tentative settlement with investors who accused it of violating federal securities laws. 🏀 The $4M settlement, if approved, will end a nearly three-year legal battle. Investors claimed that the value of the NFTs would increase with the project's popularity, making them unregistered securities. They also accused Dapper Labs of preventing cash outs to keep value locked in. Dapper Labs denied these claims, likening their NFTs to digital basketball cards. 🎴 The settlement would bar plaintiffs from claiming their NFTs are securities. The company also agreed to business changes, including employee training on federal securities laws and ethical marketing, faster payments and withdrawals, and relinquishing control over its remaining FLOW tokens to ensure decentralization. CEO Roham Gharegozlou sees this as a "great start" towards legal clarity on whether NFTs can be classified as securities. He's pushing for more regulatory clarity and legislation that consumer NFTs are not financial products. What's your take on this? Are NFTs securities or digital collectibles? Share your thoughts below! 💭 #DapperLabs #NFTs #LegalBattle
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🔮Prediction markets are buzzing! Despite Trump's conviction, Polymarket bettors are confident he'll dodge prison and possibly return to the White House. 🏛️ Meanwhile, Kalshi traders are betting against a rate cut this year. Trump's odds of retaking the White House remain strong, with a 54% chance on Polymarket. His lead over Biden is more pronounced than polling averages. On PredictIt, Trump's contract even gained a cent post-verdict! Legal experts agree that Trump is unlikely to face a prison sentence, and the market agrees. Polymarket bettors give a 76% probability he'll serve no time. They were also accurate predicting the sentence for former Binance CEO, CZ. 💰As for rate cuts, Kalshi and Polymarket traders aren't pricing one in, contrasting with the CME FedWatch poll. Economists are split on the Federal Reserve lowering interest rates in 2024. What's your take on these predictions? Is the market under or overestimating Trump's comeback? Will there be a rate cut? Let's discuss! 🗣️ #PredictionMarkets #Trump #RateCut
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🚀Bitcoin briefly soared past $70K, marking a week-high before settling back into its usual trading range. Despite the sideways price action, Bitfinex analysts are optimistic, hinting the correction phase could be nearing its end.🔍 Long-term holders, who were key to Bitcoin's correction from all-time highs, are now re-accumulating BTC, a first since December 2023. New BTC and ETH accumulation addresses are also on the rise, signaling bullish sentiment despite price stability.📈 However, Swissblock warns $70K and $73K levels pose significant resistance. Short-term pullbacks are seen as buying opportunities, with $67K proving to be a reliable support.🛡️ Next week could be a wild ride with key inflation data and Federal Reserve meeting on the horizon.🎢 What's your take on this? Let's chat in the comments! #Bitcoin #CryptoNews
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🔥Hot off the press! Uniswap Foundation has hit the pause button on a crucial vote to upgrade its governance structure and fee mechanism. The decision, aimed at better rewarding UNI token holders, was delayed due to concerns raised by a stakeholder.🚀 While the foundation called the move “unexpected” and expressed regret, this isn't the first time a vote on the “fee switch” has been postponed. The switch would direct a small portion of protocol trading fees to token holders.🤔 Uniswap issued the UNI token in 2020 to fend off a “vampire attack” by Sushiswap. The latter was seen as more community-aligned as it was managed by a DAO and directed trading fees to token holders.👀 The “fee switch” was never activated, raising concerns about potential tax and securities law implications for UniDAO. The latest delay has sparked a debate about the treatment of token holders in DeFi protocols.🗣️ What do you think about this delay? Is it a prudent move or a setback for token holders? Let's discuss in the comments!👇 #Uniswap #DeFi #CryptoNews
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🔔Big news in the #crypto world! Binance founder, Changpeng “CZ” Zhao, has reported to a federal prison in California for a four-month sentence. He pleaded guilty to violating the Bank Secrecy Act due to inadequate KYC procedures at Binance.💼 Despite the hefty $50 million fine and stepping down as Binance’s CEO, CZ's net worth remains a whopping $36.5 billion, making him the richest person to ever go to prison in the U.S.💰 Binance, on the other hand, settled its charges earlier this year with $4.3 billion in fines and an independent compliance monitor.👨‍⚖️ CZ's new home? Lompac II, a low-security prison in Santa Barbara County. Quite a contrast to the notorious facility where former FTX CEO Sam Bankman-Fried is serving a 25-year sentence.🏢 What do you think this means for the future of Binance and the crypto industry? Share your thoughts below!👇 #Binance #BlockchainNews
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