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Guyz tell me the effect of Real Madrid( 0-4) BARCELONA on the crypto market today.
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Market Update: October 27, 2024 The global crypto market cap is $2.28T, a 0.07% decrease over the last day. Bitcoin (BTC) traded between $66,744 and $67,455 over the past 24 hours. Today, BTC is trading at $67,148, down by -0.11%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include TROY, LUMIA, and SXP, up by 29%, 16%, and 14%, respectively. #Write2Earn #BTC #TROY #LUMIA #SXP $BTC $TROY $LUMIA $SXP $
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Microsoft Shareholders to Vote on Bitcoin Proposal in December Microsoft shareholders are set to vote in December on a proposal that, if approved, would encourage the tech giant to consider integrating Bitcoin into its corporate treasury strategy or broader business model. This proposal reflects a growing trend among major corporations exploring the use of Bitcoin as a means of asset diversification, inflation hedging, or even as a payment solution. Although Microsoft has historically been cautious with cryptocurrency adoption, a favorable shareholder vote could potentially push the company towards a more active role in the digital currency ecosystem. This shift would align Microsoft with other notable companies, such as Tesla and MicroStrategy, which have already adopted Bitcoin as a part of their corporate assets.However, the proposal is expected to face scrutiny and a challenging path to approval. Microsoft’s current conservative stance towards cryptocurrencies, driven by regulatory concerns and the volatility associated with digital assets, may influence shareholders and board members to approach the proposal cautiously. Many stakeholders might argue that Microsoft’s current business model—focused on cloud computing, software, and enterprise services—does not require Bitcoin integration. A "no" vote could reinforce Microsoft’s existing position, while a "yes" vote could signal a shift toward embracing digital assets and could potentially open the door for greater cryptocurrency adoption across the technology sector. The outcome will not only impact Microsoft but could also influence other major tech players considering similar moves. j
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SEC Requests Extension in Ripple Lawsuit Appeal The SEC's request for an extension in its lawsuit against Ripple signals the agency's need for more time to gather information or potentially recalibrate its strategy. This ongoing legal battle centers on whether XRP, Ripple's token, should be classified as a security. Ripple argues that XRP is a currency, not a security, while the SEC claims it falls under securities laws, making it subject to regulatory oversight.The outcome of this case is critical, as it could set a significant precedent for how cryptocurrencies are classified and regulated in the U.S. If the SEC’s appeal proceeds, it may lead to further delays, adding to the uncertainty in the crypto market. This case could ultimately influence how other digital assets are treated, impacting the broader cryptocurrency regulatory landscape in the U.S.
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Stablecoin Market Cap Reaches $172.437 Billion with USDT Dominance The stablecoin market cap reaching $172.437 billion highlights ongoing growth and adoption in the sector. Tether (USDT) maintains dominance among stablecoins, accounting for a significant share of the market. This dominance underscores USDT's position as a widely-used stablecoin in various sectors, including DeFi, trading, and cross-border payments.USDT’s strong presence in the stablecoin ecosystem is often attributed to its liquidity and accessibility across numerous exchanges. However, as the sector grows, other stablecoins like USDC, BUSD, and DAI continue to gain traction, contributing to diversification within the market.
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