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๐Ÿšจ Israel-Hamas conflict sparks crypto market concerns, but history suggests short-term volatility ๐Ÿ“ˆ๐Ÿ“‰. Crypto firms launch humanitarian aid initiatives for displaced Israelis, echoing Ukraine efforts ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ’”. How do you think this conflict will affect the crypto market? Share your thoughts below! ๐Ÿ‘‡ #CryptoAidIsrael

๐Ÿšจ Israel-Hamas conflict sparks crypto market concerns, but history suggests short-term volatility ๐Ÿ“ˆ๐Ÿ“‰. Crypto firms launch humanitarian aid initiatives for displaced Israelis, echoing Ukraine efforts ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ’”. How do you think this conflict will affect the crypto market? Share your thoughts below! ๐Ÿ‘‡ #CryptoAidIsrael

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๐Ÿ“ฃ Cambodia's digital currency, Bakong, is set to boost the use of the local currency, the riel, by enabling cross-border QR payments, according to the National Bank of Cambodia's governor, Chea Serey. Despite 80% of Cambodia's economy operating with the U.S. dollar, authorities aim to increase the riel's presence in digital transactions. Bakong supports QR payments between Cambodia, Thailand, Laos, Vietnam, and is compatible with China's UnionPay. ๐Ÿš€ By 2023, Bakong's digital payments value surged to $70 billion, nearly double Cambodia's GDP! What are your thoughts on this? Let's discuss below! ๐Ÿ‘‡
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๐Ÿ“ข ESMA is scrutinizing Maximum Extractable Value (MEV) as potential market abuse under its proposed MiCA regulations. MEV refers to the extra value blockchain validators gain by manipulating transaction order, a practice known as "front-running". ๐Ÿšจ All regulated crypto businesses in the EU may soon be required to detect and report MEV instances. ESMA's draft standards suggest a collaborative enforcement approach, meaning MEV actors could face investigations from international authorities. The focus on MEV underscores EU's commitment to addressing market manipulation in crypto. What are your thoughts on this? ๐Ÿ’ญ๐Ÿ‘‡
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๐Ÿš€Spot Bitcoin (BTC) ETFs in the U.S. saw $0 net inflows for the 4th time since January, amidst a wider crypto market correction. Despite this, Bloomberg Senior ETF Analyst, Eric Balchunas, reassures investors of "net positive long-term" returns. MicroStrategy founder, Michael Saylor, reveals that spot BTC ETFs now hold over 1 million BTC across 32 products, approx. 5% of circulating supply. BTC price dropped 1.24% following the $0 net inflows, trading at $67,900. ๐Ÿ“‰ What are your thoughts on this trend? Comment below!
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๐Ÿš€Notcoin (NOT) has soared by 58% in the last 24 hours, pushing its market cap to over $941M. This surge follows a community vote where NOT outperformed Bitcoin, capturing 86.2% of the votes.๐Ÿ—ณ๏ธ Notcoin's team highlighted its limited supply, wide distribution, and affordability. The crypto has also launched the NOT Airdrop Phase 1 and introduced a new mission type, allowing players to earn NOT tokens passively. The highest level, Platinum, offers the most rewards.๐Ÿ’ฐ What's your take on Notcoin's rise? Share your thoughts below!๐Ÿ‘‡
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๐Ÿ””Crypto News Flash๐Ÿ””: Following Binance's exit from Russia, locals are flocking to new crypto platforms, says the Bank of Russia. Web traffic for Binance in Russia dipped from 47% to 16% between Q3 2023 and Q1 2024, while five unnamed exchanges saw their share rise from 39% to 64%. Total web traffic on major crypto platforms surged 16.4%, reaching 104.6 million visits. Crypto inflows and outflows by Russians also grew to 4.5 trillion rubles ($51 billion), up 15.6%. Despite this, the Bank of Russia maintains that crypto investments don't pose a significant risk to financial stability.๐Ÿ’ฐ๐Ÿ“ˆ Thoughts? Comment below!
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