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Chain Debrief

@chaindebrief

Daily Crypto News, Market Analyses and Protocol Deep Dives.

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calendar_today15-07-2021 06:28:50

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๐Ÿšจ Stablecoin Boom Incoming? ๐Ÿšจ Analysts predict stablecoins could account for 10% of U.S. M2 transactions, up from the current 1%! ๐ŸŒ ๐Ÿ’ต Market cap: $190B ๐Ÿ‡ณ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡ท๐Ÿ‡ฎ๐Ÿ‡ณ Driving adoption: Brazil, Nigeria, India (cross-border payments, payroll, remittances). ๐Ÿ† USDT dominates: 73%,

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๐Ÿšจ Bitcoin Mining Surge ๐Ÿšจ Bitcoin miners near a $40B market cap, doubling in 7 months! ๐Ÿ’ฅ ๐Ÿ”— Hashrate: ๐Ÿš€ 700 EH/s ๐Ÿ“ˆ Mining difficulty: 5th consecutive increase ๐Ÿข MARA: Leveraging BTC reserves ๐Ÿค– IREN: Pivoting to AI All as BTC eyes 6-figure highs! ๐Ÿ’Ž #Bitcoin #Mining

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Hong Kong Eyes Crypto Leadership ๐ŸŒ Hong Kong proposes tax exemptions on crypto gains & private credit to rival Singaporeโ€™s tax-friendly policies. ๐Ÿ’ผ Family offices: Up to 20% in digital assets ๐Ÿฆ Goal: Attract global asset managers, boost financial hub status Global

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๐Ÿš€ AI Crypto Tokens on the Rise ๐Ÿค–๐Ÿ’ฐ AI sector tokens surge as market cap jumps 130% in 5 months! ๐Ÿ”ฅ Big movers: ๐Ÿ”น $TAO ๐Ÿ”น $RENDER ๐Ÿ”น $FET ๐Ÿ”น $GRASS ๐Ÿ”น $SPEC ๐Ÿ”น $TAI Investor interest in AI + crypto is soaring! ๐ŸŒŸ #Crypto #AI #Altcoins

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Virtuals Protocol ($VIRTUAL) Hits $1B Market Cap! ๐Ÿค–๐Ÿ’ฐ ๐Ÿš€ Up 25% amid the AI crypto rally ๐ŸŒŸ Other movers: $LUNA & $AIXBT AI-focused digital assets are booming as demand surges! ๐ŸŒ #Crypto #AI #Altcoins

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โ€œJustin Sun eats a $6.2M banana ๐ŸŒ The crypto mogul consumed the banana from Maurizio Cattelanโ€™s iconic artwork Comedian, blending conceptual art & digital culture. A bold move sparking debates on value, ownership, and the art-crypto crossover. Thoughts? ๐Ÿค”โ€

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๐Ÿšจ BREAKING: Putin signs law recognizing #Bitcoin & crypto as property in Russia ๐Ÿ‡ท๐Ÿ‡บ โ€ขCrypto now legal for foreign trade โ€ขMining legalized for registered entities โ€ขLaw effective Nov 1, 2024 Russia embraces digital assets as part of its economy. ๐ŸŒ๐Ÿ’ฐ #CryptoNews #BTC

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๐Ÿšจ BREAKING: South Korea delays its 20% crypto gains tax until 2027. Initially set for 2021, the tax faced backlash over investor impact. ๐Ÿ‡ฐ๐Ÿ‡ท Threshold talks ($36K) are shelved as lawmakers agree on a 2-year moratorium. Thoughts? ๐Ÿค” #CryptoTax #SouthKorea

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XRP overtakes Solana with a $122B market cap! ๐Ÿš€ Hits $2.19, driven by ETFs, big partnerships, and product launches. Ripple is on fire! ๐Ÿ”ฅ #XRP #CryptoNews Read more: pexx.com/chaindebrief/xโ€ฆ