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๐ŸšจCrypto enthusiasts, beware! AirBit Club co-founder Pablo Rodriguez has been sentenced to 12 years in prison for orchestrating a global scam that siphoned over $100 million from investors. ๐Ÿ˜ฑ The scheme promised guaranteed profits from cryptocurrency mining and trading, luring victims into buying club "memberships." ๐Ÿค‘ Rodriguez and his accomplices traveled the world, hosting extravagant expos to persuade people to invest. Victims were given access to an online portal showing supposed profits, but no actual cryptocurrency activities took place. Instead, the scammers spent the funds on luxury items and continued recruiting more victims. ๐ŸŒ๐Ÿ’ธ When victims tried to withdraw funds, they faced excuses, delays, and hidden fees. Some even had their accounts closed and lost their investments due to false claims related to the COVID-19 pandemic. ๐Ÿ˜ท๐Ÿ’” Stay vigilant, crypto fans, and always do your research before investing! ๐Ÿ•ต๏ธโ€โ™‚๏ธ๐Ÿ’ฐ

๐ŸšจCrypto enthusiasts, beware! AirBit Club co-founder Pablo Rodriguez has been sentenced to 12 years in prison for orchestrating a global scam that siphoned over $100 million from investors. ๐Ÿ˜ฑ The scheme promised guaranteed profits from cryptocurrency mining and trading, luring victims into buying club "memberships." ๐Ÿค‘

Rodriguez and his accomplices traveled the world, hosting extravagant expos to persuade people to invest. Victims were given access to an online portal showing supposed profits, but no actual cryptocurrency activities took place. Instead, the scammers spent the funds on luxury items and continued recruiting more victims. ๐ŸŒ๐Ÿ’ธ

When victims tried to withdraw funds, they faced excuses, delays, and hidden fees. Some even had their accounts closed and lost their investments due to false claims related to the COVID-19 pandemic. ๐Ÿ˜ท๐Ÿ’”

Stay vigilant, crypto fans, and always do your research before investing! ๐Ÿ•ต๏ธโ€โ™‚๏ธ๐Ÿ’ฐ

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๐ŸŽ‰๐Ÿš€Meme coin sector is back in the game, folks! Dogecoin and Shiba Inu, the top dogs of the meme coin world, have seen a rise of 7% and 8% respectively. But wait, there's more! Some coins have even witnessed gains over 20%! ๐ŸŽ‰๐Ÿš€ The total market cap of these fun-loving coins briefly surpassed a whopping $55 billion. But remember, this sector is known for its rapid and often volatile price changes. ๐ŸŽข The frog-themed Pepe (PEPE) has hopped its way to a new all-time high price with a gain of over 20%. Currently, it's the third-largest token in the meme coin realm with a market cap of approximately $4.3 billion. ๐Ÿธ๐Ÿ’ฐ Other coins like Floki Inu (FLOKI), Popcat (POPCAT), and MAGA (TRUMP) have also climbed by double digits. However, not all coins are basking in the sun. The Solana-based Cat in a Dogs World (MEW) has seen minor declines. ๐Ÿ“‰ While meme coins often rally substantially when the market heats up, they also swing in the opposite direction frequently. So, traders, be utterly careful when diving into this pool. ๐ŸŠโ€โ™‚๏ธ๐ŸŠโ€โ™€๏ธ And as always, stay tuned for more updates on the crypto world! ๐ŸŒ๐Ÿ’ซ
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๐ŸŽ‰๐Ÿš€Hold on to your hats, BTC enthusiasts! Meme coins are soaring, with PEPE leading the pack to a new all-time high of $0.00001096! This rally comes hot on the heels of GameStop stock trader Keith Gill, aka โ€œRoaring Kitty,โ€ making a comeback on his social media platform, X, after a three-year break. ๐Ÿ“ˆPEPE's price has blasted past the $0.000010 mark for the first time since March 15, marking a 22% increase in the past 24 hours. The coin's trading volume has also surged by a whopping 290.5% to $2.14 billion, and its market capitalization has risen to $4.35 billion, making it the 28th largest cryptocurrency by market value. ๐ŸŽ‰ ๐Ÿ”Data from TradingView shows that PEPE's recent rally was supported by a rebound off the ascending trendline, which has been in place since mid-April. The price surge has pushed PEPE above a critical resistance level. However, a dip below the ascending trendline could lead to a retracement towards the demand zone. ๐ŸŽฎRoaring Kitty's return has sparked a meme coin rally, with Solana-based GameStop memecoin (GME) surging over 350% and AMC token witnessing an over 900% increase. Even established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen modest gains. ๐Ÿ“ˆStocks associated with Gill and other meme-related companies also rallied, with GameStop's pre-market trading experiencing a 44% climb, and AMC Entertainment Holdings seeing a 12% increase in pre-market trading. So, buckle up, BTC lovers! The meme coin rally is in full swing! ๐ŸŽ‰๐Ÿš€
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๐Ÿš€๐ŸŒ• Bitcoin enthusiasts, buckle up! On Monday, May 13, Hong Kong's spot Bitcoin and Ethereum ETFs experienced a whopping outflow of $39.3 million, the highest since their launch on May 2, according to Farside Investors. This includes a loss of $32.7 million from Bitcoin funds and $6.6 million from Ethereum funds. This big outflow day has turned the tide, erasing all gains since the launch. ๐Ÿ˜ฑ๐Ÿ’จ On the flip side, the US Bitcoin ETFs were basking in the sun with a daily inflow of $66 million on the same day. ๐ŸŽ‰๐Ÿ’ฐ Fidelity's FBTC fund led the pack with $38.6 million, followed by Bitwise BITB with $20.3 million. As for the crypto market, it's gained around 2% to reach a total capitalization of $2.40 trillion. Bitcoin reached $63,000 in early trading in Asia on Tuesday but has slightly retreated to $62,500. Ethereum, on the other hand, remains weak at $2,930, unable to break the $3,000 resistance. Despite the outflows in Hong Kong, the US market seems to be holding strong. Let's keep our eyes on the prize, BTC lovers! ๐Ÿš€๐Ÿ‘€๐ŸŒ•
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๐ŸŽ‰๐Ÿš€Hold onto your hats, crypto enthusiasts! The buzz around Cardano (ADA) is reaching fever pitch, with rumors swirling that the US-based cryptocurrency exchange, Gemini, may soon list ADA. ๐Ÿš€๐ŸŽ‰ This speculation has been fueled by a recent post from Gemini, praising Cardano's open-source protocol and its potential as a scalable, interoperable, and sustainable solution compared to other PoS blockchains. ๐ŸŒ๐Ÿ’ก The post has garnered a whopping 330,000 views, a significant leap from Gemini's average 10,000 views per post. The crypto community is eagerly urging Gemini to embrace ADA, and if it does, this could mean increased visibility, accessibility, legitimacy, and liquidity for the token. ๐Ÿ’ฐ๐Ÿ”ฅ Gemini, a leading cryptocurrency exchange with a daily trading volume often exceeding $50 million, is no stranger to listing popular digital assets. It currently offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and more. ๐Ÿ“ˆ๐ŸŒ Despite ADA's recent 13% dip, analysts are predicting a significant rally for the token. Some are even envisioning a "parabolic" spike to as high as $10, representing a potential 1,500% surge based on its past performance. ๐Ÿ“ˆ๐Ÿš€ So, will Gemini list ADA? Will ADA rally to new heights? Only time will tell, but one thing is for sure - the crypto world is watching with bated breath! ๐Ÿฟ๐Ÿ‘€
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๐ŸŽ‰Hey, BTC enthusiasts! ๐Ÿš€Deutsche Bank analysts have dropped a bombshell! They believe most stablecoins are doomed to fail! ๐Ÿ˜ฑAfter analyzing 334 currency pegs over the past 200 years, they concluded, โ€œSome may survive, although most will likely fail.โ€ They argue that successful FX pegs since 1800 operated with credibility, reserves, and a tightly controlled environment โ€“ elements they say stablecoins lack. ๐Ÿค” Tether (USDT), the world's largest stablecoin with a $110 billion market cap, was singled out. The analysts claim it has a โ€œmonopoly in the stablecoin market that has been filled with speculation and lack of transparency.โ€ ๐Ÿ˜ฒ Despite Tether regularly publishing reserve attestation reports with help from BDO, it hasn't undergone a full audit from a Big Four accounting firm. This raises eyebrows, especially after Tether had to pay $41 million in fines for misleading statements about its reserve composition. ๐Ÿง The Deutsche Bank team suggests that stablecoin issuers should pay attention to macroeconomic factors and issues around governance and speculative forces. These could indicate when there's a possibility of de-pegging. ๐Ÿ“‰ Tether has hit back, saying Deutsche Bank's report relied on โ€œvague assertionsโ€ and lacked โ€œconcrete data to forecast a decline in stablecoins more broadly. ๐ŸฅŠStay tuned, folks! This is a developing story! ๐Ÿฟ
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