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I am happy to share with you that my account on Binance Square reached 80K followers in a short time. 🥳 Thank you all. 🙏 #BinanceSquare

I am happy to share with you that my account on Binance Square reached 80K followers in a short time. 🥳

Thank you all. 🙏 #BinanceSquare

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Grayscale CEO Announces Reasons for Withdrawing Ether Futures ETF Application. ♦️🤝 Grayscale, a leading digital asset management firm, has recently made headlines with its decision to withdraw its application for an Ether futures exchange-traded fund (ETF). The company's CEO, Michael Sonnenshein, cited strategic reasons for this move, emphasizing a renewed focus on spot products. Sonnenshein highlighted the company's preference for engaging directly with spot markets, aligning with its core values and mission. One of the key reasons behind the withdrawal was the presence of similar products already available in the market. Grayscale aims to allocate its resources where it can provide the most value to investors, and the decision to pivot towards spot products reflects this commitment. Sonnenshein underlined that this strategic shift is in line with the company's DNA and allows them to leverage their expertise effectively. Despite withdrawing the application for an Ether futures ETF, Sonnenshein remains optimistic about the Securities and Exchange Commission's (SEC) approach to Ethereum spot ETFs. Grayscale anticipates that the SEC will take appropriate steps to safeguard investors' interests in the evolving digital asset landscape. The company emphasizes its transparency and commitment to collaboration with regulators, signaling a proactive stance in navigating regulatory frameworks. In summary, Grayscale's decision to withdraw its Ether futures ETF application signals a strategic realignment towards spot products, driven by market dynamics and company values. While this move may reflect a shift in approach, Grayscale remains optimistic about the regulatory environment surrounding Ethereum spot ETFs, trusting in the SEC to enact measures that prioritize investor protection and market integrity. #GRAYSCALE #ETHETFS #SEC #MichaelSonnenshein #ETH
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Supercomputer Predicts Humanity's Extinction Date. 🌍💻🤯 A recent study conducted by a team of scientists, utilizing the power of a supercomputer simulation, has shed light on humanity's potential extinction date. The findings are as alarming as they are thought-provoking, highlighting the urgent need for action to safeguard our future. According to the simulation, barring any unforeseen catastrophic events like a massive asteroid impact, humanity faces a looming threat from the inevitable changes our planet will undergo. In approximately 5 to 7 billion years, the Sun will transform into a red giant, posing a significant risk to Earth's habitability. While this distant threat grabs headlines, the study emphasizes a more immediate concern: climate change. If current trends persist, Earth's atmosphere could become saturated with CO2 within the next 250 million years, exacerbated by solar heat. This grim forecast underscores the critical importance of addressing climate change to avert a potentially catastrophic future for humanity. Geological processes also play a significant role in shaping Earth's fate. The formation of the next supercontinent, Pangea Ultima, within 250 million years, could trigger extreme volcanic activity and CO2 emissions, rendering the planet uninhabitable for mammals, including humans. This echoes the Permian extinction event, which devastated life on Earth around 252 million years ago. The implications are clear: urgent action is needed. Addressing climate change must be a global priority, with efforts focused on developing sustainable solutions to mitigate its effects. Additionally, understanding geological processes can inform long-term strategies for preserving life on Earth. The study is a wake-up call, emphasizing the need for awareness and proactive measures. By working together and embracing technology, we can overcome challenges and secure humanity's and biodiversity's future. Now is the time to act against existential threats. #Supercomputer #BinanceLaunchpool #ETHETFS #altcoins #BlackRock
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