The Bitcoin Boom: Stable Prices and Rising Millionaires. 27/12/2023 (Sideswap chain ZKF Airdrop)

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27 Dec 2023
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The global cryptocurrency market remains on an upward trend, with Bitcoin price stable above $43,000. Bitcoin millionaires are also skyrocketing as Bitcoin prices soar. The SEC will review spot Bitcoin ETF applications in early January 2024.
Bitcoin price stabilized above $43,000
Bitcoin price has stabilized above 43,000 USD in the past 24 hours, after increasing slightly by 0.5% to 43,950 USD at 15:58 Vietnam time.
This is the highest level since December 20. The stability of Bitcoin price is a positive sign for the cryptocurrency market. This shows that investors are starting to believe in Bitcoin's future.
Ripple Labs files $11.4 million claim in FTX bankruptcy case Ripple Labs, the company that developed the XRP cryptocurrency, has filed a claim for $11.4 million in the bankruptcy of cryptocurrency exchange FTX. Ripple claims that FTX breached its contract when it stopped supporting XRP trading. Ripple and FTX signed a cooperation agreement in 2019. According to this agreement, FTX will support XRP trading and Ripple will provide technical support to FTX. However, in December 2022, FTX stopped supporting XRP trading. Ripple believes this is a breach of contract and has filed a claim for compensation in court.
Bitcoin millionaires soar as price stabilizes above $43,000 According to CoinMarketCap statistics, the number of people owning at least $1 million in Bitcoin jumped to 109,130 on December 27. This is the highest level since December 2021.
The rise of Bitcoin millionaires is a sign of Bitcoin's growing acceptance. This shows that many people are confident in Bitcoin's potential to increase in value.
Bitcoin ETF candidates face an SEC deadline for review in early January The US Securities and Exchange Commission (SEC) has set a deadline of January 4, 2024 to review Bitcoin ETF applications. This is the deadline for spot Bitcoin ETF applications, which have been rejected by the SEC multiple times in the past.
The SEC has rejected previous Bitcoin ETF spot applications because of concerns about potential market manipulation.
However, many believe that the SEC may approve a Bitcoin ETF spot application this time. SEC Sets Deadline for Revisions to Bitcoin Spot ETF Application The SEC has set a deadline of January 20, 2024 for Bitcoin ETF spot applicants to amend their applications. The SEC said the current applications do not meet the Commission's requirements.
The SEC has issued several requirements for Bitcoin ETF spot applications. For example, the SEC requires applications to have safeguards to prevent market manipulation. Spot Bitcoin ETF applicants will likely modify their applications to meet SEC requirements. If the revised applications meet the SEC's requirements, the SEC will likely approve a Bitcoin ETF spot application this time.
Conclude The global cryptocurrency market remains on an upward trend, with Bitcoin price stable above $43,000. Bitcoin millionaires are also skyrocketing as Bitcoin prices soar.
The SEC will review spot Bitcoin ETF applications in early January 2024. The stability of Bitcoin prices and the rise of Bitcoin millionaires are positive signs for the cryptocurrency market. However, whether the SEC will approve a Bitcoin ETF spot application remains an open question.



Sideswap Mainnet Campaign is Now Live!




Sideswap has been live on ZKFair mainnet for a while now, and we are glad to see ZKF make such a market breakthrough! As the leading DEX and liquidity marketplace on ZKF powered by ZK-RaaS, we will be the first to support ZKF/USDC trading pair. To appreciate your active participation and pay tribute to ZKFair, we are committed to a 100% fair launch as well.
Campaign Details:
Total Supply: 1 billion SIDE tokens
Valuation: $1 million
Campaign Date: December 27, 2023 - January 20, 2024
Allocation Method:

  • 100% Fair Launch
  • 100% Token Airdrop

Token Distribution:

  • 20% Community Airdrop
    • 3% Lumoz Loyalty Point Holders
    • 7% $ZKF Holders
    • 10% Early protocol helpers
  • 80% Contributor Airdrop
  • LP Providers - 60%
    • ZKF Trading Pair - 40%
    • Other Trading Pairs - 20%
    • Traders - 20%
  • Explanation:
  1. Community Airdrop: Aimed at rewarding community participants, including Lumoz Loyalty Point holders, $ZKF holders and Early protocol helpers. Rewards are distributed based on individual percentages.
  2. Contributor Airdrop: Primarily divided between liquidity providers and traders.
  • LP Providers - 60%: Rewards liquidity providers, with 40% allocated to ZKF trading pairs and 20% to other trading pairs. Rewards are distributed based on individual percentages.
  • Traders - 20%: Encourages active participation from traders. Rewards are distributed based on individual percentages


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