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The Future of Money

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๐Ÿ‡บ๐Ÿ‡ธ TODAY: The US Department of War releases its seventh batch of declassified UFO files, with more disclosures planned.

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๐Ÿšจ ALERT: American Express is cutting 5% of its global workforce, roughly 3,850 jobs, to become โ€œleaner, more agile, and also to prepare for AI,โ€ its CFO said.

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๐Ÿ‡ฎ๐Ÿ‡ฑ LATEST: Israeli Prime Minister Benjamin Netanyahu says he has requested a plan to use crypto as one way to bypass potential banking sanctions.

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๐Ÿšจ INSANE: The Total Crypto Market Cap has lost over $200B in less than a month.

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๐Ÿ”ฅ JUST IN: Spot Bitcoin ETFs just bled $635.6M in a single day, the biggest outflow since June.

BlackRock's $IBIT alone dumped $254.1M.

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๐Ÿ‡ฌ๐Ÿ‡ง REGULATION: The UK FCA just told DeFi projects that slapping "decentralized" on your app won't get you out of regulation.

It says "true DeFi" isn't even a legal concept.

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HAYES: "I dumped it all."

Arthur Hayes just unloaded $26M in crypto, including 8,000 $ETH, and says the market has to go down before it goes up.

What are you doing?

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๐Ÿ”ฅ BIG: Over a third of all $ETH is now staked, hitting a record of roughly 36% of supply.

Holders aren't selling, they're locking up.

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โšก NEW: Tether just got 15 Bitcoin mining heavyweights, including Bitmain, MicroBT and Foundry, to back its open-source mining kit.

The endgame is AI agents running mining farms.

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๐Ÿ”ฅ LATEST: Pump.fun just out-earned Hyperliquid, pulling in $1.98M in 24 hours to Hyperliquid's $1.96M.

Memecoins are printing again.

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โšก BIG: Fidelity's Zack Wainwright says $BTC took nearly 16 years to hit $100K, but the jump to $200K could happen much faster.

He says Bitcoin's up nearly 50% from its June low near $58K.

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๐Ÿ”ฅ BIG: Morgan Stanley is backing a $400M credit line for TeraWulf, up 60% from $250M.

The miner turned AI data center play keeps getting Wall Street money.

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Media is too big
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๐Ÿ”ฅ INSIGHT: The crypto bull market has already started.

Macro investor Jordi Visser told Ciaran Lyons that we're in the very early stages of the most important phase of crypto's maturation.

He traced the spark back to Treasury Secretary Scott Bessent stepping into the yen and opening the door to changes in Treasury buybacks, a debasement move that got the whole market excited, he said on #TRADESECRETS.

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๐Ÿ‡ฎ๐Ÿ‡ฑ BIG: The Bank of Israel just shot down Netanyahu's idea of using crypto to dodge sanctions, saying crypto "cannot be used as a route for bypassing sanctions."

Netanyahu's reply: "I listen, but I do what I think [is best]."

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๐Ÿ”ฅ NEW: Nearly 60% of stock token trading on Robinhood Chain happens when Wall Street is closed, according to Entropy's Tom Wan.

$532M of it traded on weekends alone, over just one month.

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