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Binance receives a cease and desist letter for listing the memecoin PNUT and infringing on intellectual property
This post talks about Binance being accused of intellectual property infringement for listing the PNUT memecoin, inspired by a squirrel named Peanut, whose tragic euthanasia sparked public outrage. While the token peaked at $1 billion, it has since dropped, and controversy surrounds Peanut's caretaker for creating a rival token, "Justice for Peanut" (JFP), leading to claims of exploiting the incident for profit.
Bitcoin-to-Gold ratio sets New Record as BTC reaches New High
Bitcoin recently surpassed $106,000, pushing the Bitcoin-to-gold ratio to a record 40:1, meaning one Bitcoin equals 40 ounces of gold. Veteran trader Peter Brandt predicts this ratio could climb to 89:1, underscoring Bitcoin’s growing role as a store of value and its narrowing gap with gold’s $15 trillion market cap.
This milestone aligns with Bitcoin's rising mining difficulty, strong network security, and growing institutional adoption, fueled by the approval of Bitcoin ETFs in the U.S. As Bitcoin gains prominence, its competition with gold signals a shift in global financial dynamics.
The Path to Turn HIVE into an AI Play in This Market Cycle
HIVE is embracing AI with two projects, including a HIVE-specific LLM under development by @leofinance. Platforms like PeakD already offer affordable AI image generation using HBD micropayments, showcasing AI integration without changing HIVE's core focus. These developments position HIVE as a cost-effective AI and Web3 hub, attracting new users and boosting activity across its ecosystem.
Hyperliquid Will Rule
HyperLiquid is a high-speed decentralized exchange built on its own layer-1 blockchain, offering a smooth trading experience without wallet approvals. Its native token, $HYPE, is gaining traction with upcoming utility expansions, while beta plays like $HFUN and $PURR present additional opportunities. With growing adoption and ecosystem development, HyperLiquid could be a standout in the crypto.
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