Hello, Crypto Enthusiasts 👋

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Buckle up and get ready to soar through another electrifying week in the crypto cosmos with our latest edition of Crypto Weekly Digest! 🌍

Whether you're a savvy trader, a keen investor, or just a curious explorer, we've got the scoop you need to stay ahead of the game.

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This week, we're uncovering some major moves in the ETF galaxy, forging groundbreaking partnerships in blockchain banking, and so much more!

So, grab your space helmet and prepare for a wild roller-coaster ride through the vibrant and ever-changing world of cryptocurrencies. Let's blast off! 🚀

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Crypto's Next Big Leap? Ripple CEO Predicts XRP ETF is On the Horizon! 🌟

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At the bustling Consensus 2024 event, Ripple's CEO Brad Garlinghouse caused quite a splash, predicting that an XRP exchange-traded fund (ETF) is not just a dream but "inevitable". 🌊

Imagine the crypto market swelling to an astronomical $5 trillion, fueled by the green lights for Bitcoin and Ether ETFs in the U.S. The atmosphere is crackling with excitement!

Garlinghouse envisions a future where diverse crypto projects thrive, indicating that the inclusion of XRP and other digital assets in ETFs could soon be a reality. Meanwhile, chatter around a possible XRP ETF by Blackrock has the community buzzing with anticipation! 📈

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Ether on the Rise! Countdown to ETF Launch Sparks New High Hopes 🚀

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Hold on to your hats, crypto enthusiasts! Ether (ETH) is predicted to soar past its previous high as we edge closer to the launch of its very own ETF in the U.S. 📈🎉

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Market analyst Michaël van de Poppe hints that Ether might just outpace Bitcoin in hitting new all-time records. As the crypto world braces for the Ether ETF, which has tentatively gotten the regulatory nod, there’s a buzz that this could shift some spotlight from Bitcoin to Ether, potentially boosting its price even further.

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Meanwhile, the Bitcoin space saw Blackrock’s IBIT surpass the Grayscale Bitcoin Trust in holdings, marking a significant shift in the BTC arena. Stay tuned for a thrilling ride in the crypto market! 💹

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Next-Level Privacy: Humanity Protocol's Palm-Scanned Web3 ID System! 🛡️

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Get ready to wave hello to a new era of digital identity! Humanity Protocol is shaking up the Web3 space by combining palm recognition and cutting-edge zk-proofs to offer a secure and private way to manage your online identity. 🔒

Founder Terence Kwok spills the beans on their innovative system, which lets you use the unique vein patterns in your palm for verification, ensuring both high security and ease of use. This tech promises to keep your data safe from prying eyes, letting users control their info down to the fingertip! With plans to integrate into sectors like finance and healthcare, Humanity Protocol is setting the stage for a privacy-first digital world. 🌍

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If you're interested in learning more, please check out the article on our blog.

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Gnosis Pay Teams Up with Visa: A Giant Leap for Crypto Payments!

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Big news in the world of digital payments! Gnosis Pay, a trailblazer in blockchain banking solutions, has joined forces with none other than Visa to bridge the gap between traditional and digital currency. 🔗

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This dynamic duo aims to make spending your digital coins as easy as swiping your card at any Visa-accepting store worldwide.

Imagine grabbing your morning coffee with crypto—now a soon-to-be reality thanks to the new Gnosis Pay crypto-linked Visa cards!

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With their debut in Europe and plans to go global, this collaboration could change how we think about money every day. Ready, set, spend! 💸

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JPMorgan Chills the Crypto ETF Buzz Post-Ethereum ETF Approval! 📉

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Just when the crypto world was riding high on Ethereum ETFs, JPMorgan throws cold water on the idea of further expansions like Solana ETFs. 🧊

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According to JPMorgan's analyst Nikolaos Panigirtzoglou, don't hold your breath for a quick SEC green light on other crypto ETFs. The recent Ethereum ETF nod was a bit of a stretch, with ongoing debates about its security status, and the outlook for other cryptos like Solana seems even foggier.

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Unless U.S. laws get a nifty update to clearly define most cryptos as non-securities, more crypto ETF approvals might remain a distant dream.

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But hey, don't lose all hope just yet! Some crypto optimists are still crossing their fingers and predicting that new crypto ETFs could make a grand entrance as soon as next year. So, keep your crypto goggles on, and stay tuned for the next twist in this rollercoaster ride! 🛑🚀

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Elon Musk Dives Back Into AI: xAI Bags $6B to Take on OpenAI! 🤖

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Elon Musk is back in the AI game, and this time he's playing to win with his new venture, xAI. Not just about rockets and electric cars anymore, Musk's latest brainchild has just snagged a whopping $6 billion in funding. 💰

This colossal investment is set to catapult xAI to the forefront of the AI tech race, powering the launch of its first AI products, turbocharging infrastructure, and supercharging R&D efforts.

Musk, who parted ways with OpenAI over creative differences, is now laser-focused on making xAI the go-to for truthful and super-beneficial AI. With the debut release, Grok, already causing a buzz in the AI community, it's clear that Musk's xAI is gearing up for an epic tech showdown! 🌐🔧

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PayPal Goes Fast & Furious with PYUSD on Solana!

PayPal is shifting into high gear with its PYUSD stablecoin, now zooming onto the Solana blockchain for a turbo-charged ride! 🌟🔗 Known for its lightning-fast speeds and super low fees, Solana is the perfect track for PYUSD's first adventure beyond the Ethereum network.

This move promises to kick PYUSD adoption into overdrive, giving users a snappier and more affordable option for their daily crypto transactions. Despite Solana’s past hiccups with outages, its ability to handle up to a whopping 65,000 transactions per second at just pennies a pop makes it a thrilling playground for PayPal's expansion dreams! 🏎️💨

Get ready for some high-speed crypto action as PayPal's PYUSD races down Solana's fast lanes. 🚀✨

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Tether Bets Big! Grabs $100M Stake in Bitcoin Miner Bitdeer 💸

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Tether is diving deep into the Bitcoin mining pool with a massive $100 million stake in the US-listed Bitcoin mining powerhouse, Bitdeer, owned by the legendary Chinese billionaire Jihan Wu. 🤑💻

This bold move comes as Bitdeer, known for its robust mining operations, previously explored financial boosts from private credit firms.

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Tether's hefty investment not only strengthens its foothold in the Bitcoin mining sector but also signals growing confidence in the profitability and future of cryptocurrency mining. It's a significant play in the high-stakes world of digital currencies, so grab your popcorn because this crypto drama is just getting started! 🌐🍿

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Biden Stands Firm: Vetoes SAB 121 Repeal Amid Crypto Clash! 🔒

In a decisive and bold move, President Joe Biden has vetoed the repeal of SEC Staff Accounting Bulletin No. 121 (SAB 121), siding with the SEC over Congress and the crypto community. 🇺🇸

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This controversial bulletin requires firms holding crypto assets to list them as liabilities, aiming to enhance transparency and protect investors. Despite significant bipartisan Congressional support for the repeal, Biden emphasized that rolling back such guidelines could weaken the SEC's regulatory powers and endanger consumer and investor safety.

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The resolution to overturn SAB 121 had passed both the House and Senate with substantial margins, signaling strong legislative pushback against the SEC's guidelines.

However, Biden's veto underscores his commitment to maintaining robust SEC oversight over accounting practices, especially concerning emerging technologies like cryptocurrencies.

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The crypto industry and some lawmakers expressed disappointment, highlighting the ongoing tension between innovation and regulation in the burgeoning digital asset space. 📉💡

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As debates continue, this decision underscores the ongoing struggle between fostering innovation in the crypto space and regulatory attempts to manage its financial implications. 🏦🖋️

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Pepe's Wild Ride: Trading Volumes Triple Despite Price Dip! 🐸

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Get ready for a meme-tastic rollercoaster, everyone! Pepe, the meme coin sensation, saw its trading volumes shoot up by an astounding 216%, jumping to $2.47 billion just days after reaching new price highs. 🎢

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Despite a 12% slide from its all-time high on May 27, the surge in trading volume suggests traders are more engaged than ever.

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This wild mix of price dips and trading spikes suggests an exciting, albeit bumpy, path ahead for Pepe, leading the meme coin frenzy. As Pepe shakes up the meme market, even big players like Dogecoin and Shiba Inu are feeling the ripple effects, with their prices taking a hit too. It's pure meme mania, and Pepe is the captain steering this ship! ⛵️🐸

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Riot Platforms Makes a $950M Power Play for Bitfarms Amidst Turmoil! ⚒️

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Riot Platforms is shaking up the Bitcoin mining world with a bold $950 million bid to acquire Canadian miner Bitfarms, even as Bitfarms reels from executive shake-ups. 🌪️🤝

This strategic offer comes as Bitfarms faces internal chaos, including a lawsuit from ousted CEO Geoffrey Morphy. By proposing to merge, Riot aims to become the largest publicly listed Bitcoin miner by capacity.

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With Bitfarms shareholders potentially owning 17% of this new giant and a juicy 24% premium on the table, Riot is looking to capitalize on Bitfarms' current vulnerabilities and propel itself to new heights in the competitive crypto mining landscape. 🚀📈

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Mastercard's Crypto Move: Simplifying Transactions with P2P Pilot Program! 💡

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Mastercard is making waves in the crypto world with its new P2P pilot program, aimed at making crypto transactions as easy as a tap! 🌎👆

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Teaming up with partners like Bit2Me, Lirium, Mercado, and FoxBit, they’re testing the waters in Latin America to simplify how you send and receive crypto. Using aliases instead of those tricky long wallet addresses, Mastercard is trying to cut down on user errors and up the convenience game.

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While it’s all about making crypto feel as familiar as using a debit card, some folks are raising eyebrows over the centralization and data security this could bring. Nonetheless, Mastercard is diving headfirst into the digital future, hoping to blend the best of both worlds! 🌐🔐

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Semler Scientific Bets Big on Bitcoin, Shares Skyrocket 27%! 🚀

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In a bold financial maneuver, Semler Scientific has decided to stash its cash reserves in bitcoin, causing its stock to surge by a whopping 27%. 🌟

The healthcare tech firm announced it scooped up 581 bitcoins for a cool $40 million, branding bitcoin as its new primary treasury reserve asset.

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This move reflects their belief in bitcoin as a reliable store of value amidst global economic fluctuations. Investors responded with enthusiasm, sending Semler's shares soaring to new heights.

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As bitcoin becomes a key player in Semler's financial strategy, the company's market cap also enjoyed a healthy boost, sparking interest and speculation in the finance and crypto communities alike! 📊🔗

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Google Cloud Joins Forces with Fantom as a Key Node Validator! 🌐

Big news for blockchain buffs! Google Cloud is teaming up with Fantom (FTM) to become a key node validator, aiming to supercharge the development of decentralized apps (DApps). 🌍

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This powerhouse partnership will tap into Google Cloud’s stellar infrastructure and AI prowess to boost Fantom’s DApp ecosystem; even though FTM’s price barely budged, the trading volume has shot up by 34%!

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While currently playing a crucial role on Fantom’s Opera Network, Google Cloud is set to eventually hand over the validator reins to the upcoming Sonic Network. As this dynamic duo pushes the boundaries of blockchain capabilities, the future looks bright for Fantom’s innovative ambitions! ✨🔗

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Bitcoin NFTs Vault Past $4B Despite Market Dip! 💥

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Bitcoin NFTs are soaring in the digital collectibles arena, hitting an all-time sales volume of over $4 billion, despite a general NFT market slump. 🔥

Securing the fourth spot just behind Ethereum, Solana, and Ronin, Bitcoin’s blockchain saw $171 million in sales last month alone, outpacing its rivals in the short term.

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Yet, while it’s a leader in recent sales, it’s still playing catch-up in the overall race, where Ethereum reigns supreme with a staggering $43.8 billion. Even amid a broader 54% market downturn in May, Bitcoin NFTs continue to make waves and attract attention, proving their mettle in the volatile world of crypto-collectibles! 🌍✨

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Gavin Wood Cooks Up JAM: Polkadot’s New Blockchain Blend! 🍯

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Polkadot’s mastermind, Gavin Wood, is back in the kitchen, whipping up something deliciously innovative: JAM, a hybrid, transactionless model set to transform how we interact with blockchains. 💡

Unveiled at the Token2049 conference, JAM—or Join-Accumulate Machine—combines the best of Polkadot and Ethereum to create a more modular, efficient, and accessible blockchain experience.

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This new model seeks to reduce operational costs and complexity while maintaining security and enhancing interoperability between chains. Say goodbye to traditional transactions; JAM operates on a refined permissionless object environment, allowing developers to deploy and execute code more freely. With JAM, Polkadot could evolve into a blockchain supercomputer anyone can use to build and run applications smoothly and efficiently! 🌟

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Qatar Dives into Digital Currency with CBDC Pilot Launch! 🏦

Qatar is stepping boldly into the future of finance by launching the first phase of its ambitious Central Bank Digital Currency (CBDC) project! The Qatar Central Bank (QCB) has just rolled out the experimental phase focused on large-scale payment settlements between major local and global banks. 💳

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This pilot, leveraging cutting-edge technologies like distributed ledger and artificial intelligence, aims to enhance liquidity and secure transactions through October. Amid regional advancements, like the UAE's active CBDC exploration, Qatar is keen not to be left behind in the digital currency race.

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While cryptocurrencies face a chilly reception, Qatar's strategic move towards a state-backed digital currency could reshape its financial landscape and align with broader national development goals. 📈🔗

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Deutsche Bank Teams Up with Bitpanda for Lightning-Fast Crypto Payments! ⚡️💸

Crypto trading just got a high-speed upgrade in Germany! Deutsche Bank and Bitpanda have joined forces to bring real-time cash payments to German crypto traders using German IBANs 🇩🇪. 🔗

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This partnership speeds up the deposit and withdrawal process and ramps up the security and efficiency of transactions. Thanks to Deutsche Bank's API-based account solutions, Bitpanda users can now enjoy seamless real-time settlements and the reliability of having a German IBAN for all their trading needs.

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This collaboration marks a significant step in making crypto more accessible and trusted, bridging traditional banking with the fast-paced world of cryptocurrencies! 🌍

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Check-In to the Future: Web3 Revolutionizes Travel with On-Chain Booking and NFT Ticketing! 🎟️

Thanks to the Camino Network, the travel industry is packing its bags for a futuristic journey with Web3 at the helm! This blockchain innovation transforms how we book hotels, schedule flights, and even experience attractions. ✨

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With platforms like Sleap.io enabling hotel bookings across 350,000 properties worldwide, accepting 250+ cryptocurrencies, and VisitorApp integrating global travel experiences with blockchain ticketing, the sector is buzzing with excitement. Not stopping there, Camino Network also introduces GroundSync for aviation efficiency and DevestFinance for investment opportunities in tourism.

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All these advancements are tethered together by Camino Messenger, a Web3 tool that syncs global travel services in real-time. The result? A seamless, secure, and user-friendly travel landscape ready to take you anywhere in the world with just a few clicks! 🧳

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Futures Bright: Crypto Derivatives Key to Bitcoin's Skyrocketing Ambitions! 🔑

Traditional finance experts from powerhouses like the Chicago Mercantile Exchange and TradingView are betting big on the future of Bitcoin and Ethereum derivatives, seeing them as pivotal for new all-time highs. 🎢💰

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These derivatives, they argue, are essential for integrating crypto more deeply into traditional finance (TradFi) and for overcoming the market hurdles that have kept Bitcoin below its peak. The spotlight shines on the potential launch of a spot Bitcoin ETF, which could drastically reduce investment barriers and fees, attracting sidelined investors into the crypto fold.

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As the world of finance watches closely, the deep liquidity and growing volume of these crypto derivatives might be the ticket to launching Bitcoin's price to the moon and beyond! 🔧

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That's a wrap for this week's edition of Crypto Weekly Digest!🌍

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We hope you enjoyed catching up on all the fast-paced developments from the universe of cryptocurrency and blockchain. Stay tuned for more insights, breakthroughs, and discussions next week. Remember, the crypto world never sleeps, and neither does our commitment to keeping you informed! Happy trading, and see you next time! Stay curious. 👋

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