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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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🚀🇺🇸 TRUMP ANNOUNCES PRESIDENTIAL ROUNDTABLE ON DOMESTIC BITCOIN MINING 🇺🇸🚀 The Homie David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide for the Trump campaign, announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic Bitcoin mining. 📣 Trump’s New Crypto-Friendly Policy: Bitcoin is becoming a pivotal issue in the U.S. presidential campaign. David Bailey recently revealed that Trump would engage in a “Presidential Roundtable on domestic bitcoin mining.” This event is seen as “history in the making,” featuring top mining industry leaders meeting with Trump. 🏢 Industry Participation: While Bailey did not disclose specific participants, he confirmed that key industry players would attend the roundtable. He stated, "The mining industry has stepped up in a big way—they’re going to make a great first impression." 💡 Trump’s Crypto Stance: Trump's shift towards a pro-crypto stance became evident during an NFT gala in May, where he announced his campaign would accept cryptocurrency donations. He criticized President Joe Biden's lack of crypto awareness and vowed to halt the current administration's efforts to "crush crypto." Trump emphasized his commitment to fostering a strong crypto industry in the U.S., rather than driving it overseas. 🔍 Addressing National Debt with Bitcoin: Bailey also mentioned that Trump inquired about using Bitcoin to address the $35 trillion U.S. national debt, showcasing his interest in innovative financial solutions. 🌟 Conclusion: Trump’s participation in the Presidential Roundtable on Bitcoin mining underscores his evolving stance on cryptocurrency. This event could significantly influence the future of Bitcoin mining and crypto regulation in the U.S., aligning with Trump's vision of making America a leader in the crypto industry. What are your thoughts on Trump’s pro-crypto stance? 👇 Drop a comment and follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more! #Trump #Bitcoin #Bitcoinmining $BTC  $ETH  $SOL
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🚀 $16Billion INJECTED into STABLECOIN ECONOMY in 90 DAYS; TETHER CLAIMS 69% 📈🚀 Over the past 90 days, the stablecoin market has surged by over 11%, with a remarkable $16.23 billion infused into fiat-pegged crypto tokens. Notably, Tether (USDT) has dominated this growth, accounting for 69% of the total influx. 📊 Stablecoin Market Growth: In the last three months, the stablecoin economy has experienced significant expansion. For instance, Tether's market cap increased from $101.18 billion on March 11 to $112.5 billion today, marking an $11.32 billion rise. This growth highlights USDT’s strong influence, as it absorbed the majority of the $16.23 billion entering the stablecoin market. 🔍 USDE's Remarkable Climb: Among notable stablecoins, USDE has shown impressive growth. In just 30 days, USDE’s supply surged by 46.1%, climbing from the sixth to the fourth largest dollar-pegged token by market cap. USDE’s market valuation rose from $848 million 90 days ago to $3.36 billion today, following a 334% increase over 30 days. 📉 Mixed Performances: While Tether and USDE saw significant gains, other stablecoins experienced varied performances. Circle’s USD Coin (USDC) saw a 2.7% decline over the past month but grew from a market cap of $29.88 billion to $32.23 billion over the 90-day period. MakerDAO’s DAI increased its market valuation from $4.55 billion to $5.26 billion, despite a 3% drop in the last month. 📉 FDUSD’s Decline: Conversely, First Digital’s FDUSD, which ranked fourth in market cap three months ago, fell to fifth place due to a 14.2% decrease over the past 30 days, bringing its market cap to $3.27 billion. 🌟 Conclusion: The stablecoin market continues to evolve, with substantial investments and shifting positions among top players. Tether’s dominance remains unchallenged, but new contenders like USDE are rapidly rising! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more updates! #Stablecoins #Tether #USDT $USDC $SHIB $PEPE
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🚀📊 POLYMARKET BETS SHOW GROWING CONFIDENCE IN TRUMP'S ELECTION VICTORY OVER BIDEN 📊🚀 Ten days after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, prediction markets on Polymarket indicate growing confidence in his chances of winning the 2024 election. The gap between Trump and incumbent President Joe Biden has widened significantly. 📈 Prediction Market Trends: Polymarket, powered by Polygon, hosts a wager titled “Presidential Election Winner 2024.” The betting period concludes on November 5, 2024, and as of June 9, the total bets have reached $155.78 million. Initially, Trump led with a 54% chance compared to Biden's 40%. Over the past week, Trump's odds have risen to 56%, while Biden’s have dropped to 34%. 🔍 Detailed Insights: This marks the largest gap between the two candidates since the bet was established. Interestingly, Michelle Obama’s chances have also improved. Although not officially running, her odds have increased from 3% to 6%, reflecting speculation that she might secure the Democratic nomination if Biden steps down. Independent candidate Robert F. Kennedy Jr.’s odds remain steady at 2%. 🌟 Conclusion: The shifting odds on Polymarket reflect changing public sentiment and speculation around the 2024 Presidential election. Trump's increasing lead highlights growing confidence among bettors in his potential victory over Biden. Like, share, comment, and follow for more updates! Professor Mende out! #Trump #Biden #Election2024 $DOGE $SHIB $BTC
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🚀💸 PAYPAL EXPANDS PYUSD TO SOLANA BLOCKCHAIN 💸🚀 Payments giant PayPal has made PayPal USD (PYUSD) available on the Solana blockchain, enhancing the stablecoin's speed and reducing transaction costs. This move aims to provide more efficient payment solutions for users. 🔍 PayPal and Solana Collaboration: PayPal announced at Consensus 2024 that PYUSD is now available on Solana. This integration makes transactions faster and cheaper. Jose Fernandez da Ponte, Senior VP of the Blockchain, Cryptocurrency, and Digital Currency Group at PayPal, stated: "Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments." ⚡ Solana’s Advantages: Sheraz Shere, Head of Payments at Solana Foundation, highlighted Solana's speed and scalability, making it ideal for new payment solutions. "Continued adoption from industry participants like PayPal helps realize the next generation of fintech innovation," he said. 📈 Benefits of Solana: PayPal emphasized Solana's capability to process massive transactions at high speeds with extremely low costs. According to Artemis, a blockchain analytics platform, Solana is the most used blockchain for stablecoin transfers, making it perfect for PYUSD's payment use cases. 💳 Platform Availability: Besides PayPal and Venmo wallets, PYUSD is available on platforms like Crypto.com, Phantom, and Paxos. Users can now choose to send PYUSD on either Ethereum or Solana, providing flexibility and efficiency. 🛡️ Regulatory Compliance: PayPal Inc. holds a license from the New York State Department of Financial Services to engage in virtual currency business activities. Paxos Trust Company LLC, a fully chartered limited-purpose trust company, manages the issuance and custody of PayPal USD. Keep an eye on $PYUSD and $SOL as amazing investment opportunities may emerge due to the collaboration and positive feedback! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more! #PayPal #PYUSD #Solana $ETH $BTC
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🚀🔥 MEMECOINS ARE A BLESSING & CURSE FOR BLOCKCHAIN TECHNOLOGY 🔥🚀 🔍 Protocol Reactions: Memecoins have emerged as the perfect stress test for blockchain protocols, revealing scalability issues. Solana experienced a 75% transaction failure rate due to unprecedented memecoin demand. Despite this, Solana's speed, low barriers to entry, and liquidity have kept it competitive. 💡 The Appeal of Memecoins: Memecoins, inspired by internet memes, offer no real-world utility, which ironically makes them appealing. The humor and cultural relevance attract investors who enjoy the speculative nature. Despite skepticism from traditional investors, memecoins highlight the power of collective sentiment. ⚖️ Impact on Blockchain Networks: The rise in memecoins has significantly impacted blockchain networks. Ethereum saw its transfer fees spike to $22.19 per operation due to the influx of ERC20 tokens. Solana, with its low transaction fees, experienced major growth but also severe congestion during peak times. 🔧 Technological Upgrades: The Ethereum Dencun upgrade in mid-March improved transaction speeds and lowered costs, benefiting layer-2 networks like Base. Average fees on Base dropped from 10 cents to 1 cent, making it a strong competitor against Solana. The Runes Protocol also launched, allowing Bitcoin-native issuance and trading of fungible tokens on the Bitcoin network, though it faced congestion issues. 🌟 Conclusion: Memecoins have proven invaluable for testing blockchain scalability. By exposing weaknesses, they prepare projects for future Web3 adoption. As developers refine transaction capacities, we can expect continuous shifts in the memecoin protocol landscape. 👇 What are your thoughts on memecoins? Like, share, comment, and follow @mende for more updates! 👇 #Memecoins #Crypto #Blockchain $BTC $ETH $SOL
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