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📢 FTX co-founder Gary Wang testifies in Sam Bankman-Fried's trial, revealing Alameda's $100 million debt to FTX and special privileges allowing the crypto hedge fund to spend $8 billion of exchange customers' money. Wang claims he wrote the code enabling this spending under Bankman-Fried's direction. The trial continues with former Alameda Research CEO Caroline Ellison expected to testify later this week. What are your thoughts on these revelations? 💬 Let's discuss below!

📢 FTX co-founder Gary Wang testifies in Sam Bankman-Fried's trial, revealing Alameda's $100 million debt to FTX and special privileges allowing the crypto hedge fund to spend $8 billion of exchange customers' money. Wang claims he wrote the code enabling this spending under Bankman-Fried's direction. The trial continues with former Alameda Research CEO Caroline Ellison expected to testify later this week. What are your thoughts on these revelations? 💬 Let's discuss below!

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🚀 Bitcoin's halving event is fast approaching, and the crypto market is buzzing with anticipation. With BTC hitting a new all-time high above $73,000 and major financial institutions joining the party, we could be witnessing a seismic shift in the world of digital currency. But will this mark the end of crypto's infamous boom/bust cycle? 🤔 📈 The surge in institutional interest and approval of spot bitcoin ETFs has certainly boosted Bitcoin's credibility and accessibility. Some experts predict prices could reach $150,000 to $250,000 per coin, signaling a potential transformation in the market's historical cyclic dynamic. 🌩️ However, there are factors that could disrupt this bullish momentum, such as inflation, sluggish economic growth, and challenges in the bitcoin mining industry. The upcoming 2024 elections also add a layer of uncertainty, with potential shifts in the U.S. government's stance towards cryptocurrencies. 🔄 The halving event has historically driven bullish cycles, but this time around, the impact may be overshadowed by other factors like staggering ETF net inflows. This could mean the end of crypto's typical four-year bull/bear cycle, with a trajectory of relatively stable upward growth instead. 🌐 A shift towards institutional ownership could lead to more countries following El Salvador's lead and initiating a race to accumulate cryptocurrency, potentially sparking a global mainstream adoption super cycle. 💡 This new stability could provide crypto companies and projects with the opportunity to focus on sustainable, long-term development, rather than timing market cycles and facing extreme headwinds during crypto winters. What do you think? Will the halving event mark the end of crypto's boom/bust cycle, or is this just the beginning of a new era for digital currency? Share your thoughts in the comments! 👇
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