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- 🔥🚀 Crypto Market Slips: Major Moves Unveiled!
🔥🚀 Crypto Market Slips: Major Moves Unveiled!
Welcome back! This is Crypto Ballers, the best place to read crypto news in 2 minutes! In todays newsletter:
- 🔥🎯 CFTC Subpoenas Hit Network: BitBoy Reacts!
- 🔥📉 Jump Crypto Dumps Millions as Market Slips.
- 🔥🚀 Lava Launches Decentralized RPC Token with High Float
NEWS
🎯 CFTC Subpoenas Hit Network: BitBoy Reacts
The CFTC has subpoenaed Hit Network, a crypto media company formerly represented by Ben 'BitBoy' Armstrong. The agency seeks information on trading activity and wallets tied to 15 tokens featured in the company's content, including speculative 100x return videos. Armstrong, removed due to legal issues, expressed happiness about the subpoena.
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NEWS
📉 Jump Crypto Dumps Millions as Market Slips
Since July 25th, Jump Crypto has been aggressively liquidating substantial crypto holdings, including hundreds of millions in stEth, as market prices decline. This move coincides with the recent introduction of US-based spot ether ETFs and a broader downturn in the crypto market. The timing of Jump Crypto's actions highlights the impact of new investment products and market trends on major crypto players.
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NEWS
🚀 Lava Launches Decentralized RPC Token with High Float
Lava is developing a modular, decentralized RPC infrastructure for blockchains. RPC providers can stake LAVA on a Cosmos-based chain to earn rewards from supported chains. The LAVA token will debut on decentralized exchanges with high float and market-derived FDV, breaking from the typical "low float, high FDV" trend.
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