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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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The Crypto Crash Was Caused by Fraudsters—and Regulators

A GREAT ARTICLE by CAITLIN LONG , CEO, CUSTODIA BANK

The crash that shaved more than $1 trillion of value from the digital-asset industry in the past few weeks was entirely foreseeable. I have been warning about the dangers of leveraging bitcoin and cryptocurrencies since 2018, as have others. Few heeded warnings as prices soared.

The asset bubble inflated when Wall Street traders crowded into crypto in 2018, and it quickly ballooned. The bitcoin market had never before seen the leveraged games that afflict traditional markets. Nowhere in Satoshi's brilliant Bitcoin white paper did the words "margin call" appear. It didn't take long for crypto derivatives trading volume to explode.

Regulators—especially the Securities and Exchange Commission—bear some blame. They've been slow to crack down on fraudsters and to approve responsible players. There was only one SEC-approved way for investors to gain exposure to bitcoin via their brokerage accounts from 2015-2021: closed-end fund Grayscale Bitcoin Trust (GBTC).

Demand far outstripped supply, pushing prices into the stratosphere. As a result, for years GBTC's price consistently traded far above bitcoin's market price—more than double bitcoin's price at its peak. Leverage poured in because fund shares could be created at bitcoin's price and sold to retail investors at the higher GBTC price—a trade viewed as a "sure thing" by Wall Street. That ended last year when the SEC, for the first time in six years, finally began approving competing products. Sure enough, once competition came that huge premium collapsed. GBTC now trades at a more than 30 percent discount to bitcoin's price. Hence, leveraged players suffered big losses.

The fast-money crowd caused bitcoin to trade more like a highly volatile tech stock than an insurance policy against financial system instability. Remember, the Bitcoin blockchain itself is immune to all of this noise. Its value proposition remains unchanged. It just keeps adding blocks every 10 minutes.

Markets are teaching a valuable lesson. Policymakers should use the time afforded by the crash both to prosecute fraudsters and to implement a regulatory regime that fuels responsible innovation.

https://www.newsweek.com/crypto-crash-was-caused-fraudsters-regulators-opinion-1720299

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Trifecta - Theta Labs Momentum in 2024 CONTINUES into 2025. (Short Film below) 🎬 🎞 🚀 📈

In 2024, Theta Labs cemented its position as a leader in combining decentralized computing with blockchain technology through its groundbreaking Trifecta: Metachain, DePIN, and EdgeCloud.

This innovative trio propelled Theta’s momentum by addressing critical challenges in scalability, resource distribution, and cloud-edge integration.

Metachain enabled seamless scalability and customization for blockchain-based projects, fostering a growing ecosystem of decentralized applications (dApps).

DePIN (Decentralized Physical Infrastructure Networks) empowered users to monetize idle computing resources and created a resilient, community-driven infrastructure.

EdgeCloud revolutionized cloud-edge computing by offering cost-effective, high-performance solutions for AI, video rendering, and media applications, powered by a global network of decentralized nodes, creating the most expensive digital real estate in the world.

Theta Labs TRIFECTA became synonymous with cutting-edge innovation, driving ...

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🚀Solana: Lightspeed Full episode!🚀

We discuss:

  • Solana 2024 year in review
  • How to improve Solana
  • What to expect in 2025
  • Crypto's killer PMF & more!

Timestamps:

00:00 Introduction
04:17 Solana Year In Review
09:38 Chaos Labs Ad
10:38 Renaud Partners Ad
11:38 Ledger Ad
12:26 Solana’s Liveness Issues In 2024
19:19 Solana’s Transaction Problems
28:28 Solana’s New All Time High
33:50 Meme Coins
43:25 Stablecoins
51:53 What To Expect In 2025?

01:03:55
♻️The next big thing in DePIN is here!♻️

Note: You DONT need a Tesla to earn, anyone can contribute. I tested this out driving 2 miles last night and it works. You would use it the same as any GPS, or you can mount your phone on the dash and contribute video while you drive to your destination, earning more. Another crypto income opportunity!

🚨🏎️ 👉Use my code: R98dVxAYQ4 for a 350 point bonus!🚨 Download here https://onelink.to/natix-network Namasté 🙏 ~The Dinarian

NATIX 🔌 Tesla

Meet the VX360: a game-changer for the future of mapping and autonomous driving 🚗💡

Access, manage & monetize your Tesla 360° cameras while building a better world 🌍

Phase 1 pre-orders live now!

Website: https://www.natix.network/

NATIX Network Info:

♻️What is NATIX Network?♻️

NATIX Network aims to combine NATIX’s patent-pending AI technology with the world’s 45 billion existing cameras (in smartphones, drones, cars, and IP cameras) to create the largest crowd-sourced camera network ever.

♻️What problem does NATIX solve?♻️

NATIX ...

00:00:26
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Tether (USDT) Faces Slight Depeg Amid EU Delisting FUD 📉

Quick Take:
● USDT is facing a temporary depeg amid EU MiCA concerns.

● Analysts have reiterated that exiting the EU market will not impact USDT in the long term.

● The firm compensates for this EU exit by pushing into the UAE.

Tether (USDT) is facing issues on several fronts. The stablecoin giant will exit Europe in a few days due to its regulatory hurdles.

Amid this challenge, USDT has witnessed volatility, leading to its depegging from its $1 value.

This development has generated concerns and reactions from stakeholders in the cryptocurrency space.

●Tether’s Depeg Sparks Investor Concerns

Current market data shows that USDT is experiencing mild fluctuations in price.

This development has persisted for several hours, increasing the Fear, Uncertainty, and Doubt (FUD) around the asset.

USDT was exchanging hands at $0.9983 as of this writing, representing a 0.10% decrease. This shifts it from its 1:1 pegging with the U.S. dollar.

Besides the de-pegging, the widely used stablecoin has slowed down in general.

As highlighted by Ali Martinez, a renowned on-chain analyst, ...

📈 Understanding Market Phases 📉

Markets move in cycles, and recognizing these phases is key to successful trading or investing:

1️⃣ Accumulation: Prices stabilize after a decline; smart money enters.
2️⃣ Markup: Momentum builds, demand outpaces supply, and prices rise.
3️⃣ Distribution: Prices peak as sellers dominate, marking a turning point.
4️⃣ Markdown: The market declines, and assets are sold off.

Knowing where we are in the cycle can help navigate opportunities and risks effectively. 🚀

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Every bank in Japan is NOT going to use XRP in 2025 📚

This early vision SBI doc is 2017. In 2019 SBI created MoneyTap app, using Ripple Tech, 29 "regional" Japanese banks invested + Ripple. Today 8 banks connected. Japan’s big 3, MUFG SMBC Mizuho will use a stablcoin solution.

Courtesy of Crypto Eri
https://x.com/sentosumosaba/status/1872909723974127618?s=19

Sources for your study.
https://www.ledgerinsights.com/japans-big-3-banks-to-use-stablecoins-swift-for-cross-border-payments/

Https://moneytap.jp

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Grass Network Airdrop Guide: How to Claim Stage 1 & Participate Going Forward

What is Grass Network?

Grass Network is a decentralized web scraping protocol DePIN (Decentralized Physical Infrastructure Network), that enables users to monetize their unused internet bandwidth. By connecting users with AI labs and retailers, Grass creates a mutually beneficial ecosystem where participants can earn rewards while contributing to the development of transparent AI models.

Having secured $4.5 million in seed funding led by Polychain Capital and Tribe Capital in December 2023, Grass has positioned itself as a key player in democratizing AI development. The project operates on the Solana blockchain, leveraging its speed and scalability while maintaining robust security through zero-knowledge (ZK) technology.

Grass Network Technology Overview

The Grass Network consists of several key components:

  • Grass Nodes: Process web scraping requests using unused residential bandwidth
  • Validators: Verify transactions and generate zk-SNARK proofs
  • Routers: Maintain secure connections between nodes and validators
  • ZK Processors: Generate validity proofs and create immutable records
  • Data Ledger: Store and manage structured datasets
  • Edge Embedding Models: Transform scraped data for AI training

Grass Stage 1 Airdrop Claim Details

The initial stage of the Grass airdrop has concluded with remarkable success, becoming the most widely distributed airdrop on Solana with 2.8 million users across 190 countries. A total of 100 million GRASS tokens have been allocated for distribution.

Token Allocation:

  • 9% to users who earned Grass points
  • 0.5% to GigaBuds NFT holders
  • 0.5% to Desktop Node/Saga Application users

Circulating Supply:

Community — 300,000,000

The GRASS community allocation is broken down into the following categories:

  1. Future Incentives - 170,000,000

    1. Future Incentives will focus on retroactive programs that recognize early contributors and compensate creators who build valuable content or tools for the network.

  2. Router Rewards — 30,000,000
    1. An initial pool of rewards has been set aside to incentivize routers and support early infrastructure development. This pool will help ensure that routers, which facilitate bandwidth traffic and reduce latency, are properly incentivized until the network matures and can sustain itself through network fees.
  3. Airdrop One — 100,000,000
    1. The first airdrop is one of the most widely distributed airdrops in history and represents a crucial step toward building the first user-owned map of the Internet.

Foundation & Ecosystem Growth — 228,000,000

The foundation allocation of GRASS will be held by the foundation to support the ongoing operations of the Grass Network. The ecosystem allocation will be aimed at scaling the Grass ecosystem, through supporting community and growth initiatives like network upgrades, partnerships, research and development. This will be reserved for use as directed by DAO governance.

Early Investors — 252,000,000

Early supporters with a 1-year cliff and a 1-year vesting period. Locked tokens cannot be staked until they are vested.

Contributors — 220,000,000

Core contributors with a 1-year cliff and 3-year vesting, which includes current and future contributors. Locked tokens cannot be staked until they are vested.

How to Claim Stage 1 Rewards

  1. Visit the official Grass airdrop claim page
  2. Connect your eligible Solana wallet
  3. View your claimable token amount
  4. Accept the terms and conditions
  5. Complete the claim process

Important Notes:

  • Claiming deadline: January 15, 2025
  • If experiencing network issues, try switching to QuickNode RPC
  • Multiple wallet attempts may help resolve claim issues


Grass Stage 2 Airdrop Details

Building on the success of Stage 1, Grass has launched Stage 2 with enhanced rewards and new features. This phase allocates 17% of the total GRASS supply for future incentives, offering 50% more rewards compared to Stage 1.

New Features in Stage 2:

  • Live Context Retrieval (LCR)
  • Hardware innovations
  • Mobile app launch
  • Enhanced earning opportunities
Step-by-Step Guide:

 

How to Participate

Visit the Grass Website and Register

    • Create an account with email and password
    • Click the “Connect” button
  1. Install Required Components
    • Download the Grass browser extension
    • Optional: Install Desktop Node for 2x mining rewards
    • Mobile users can use Mises or Kiwi browsers
  2. Complete Verification
    • Verify your email address
    • Connect your Solana wallet (Phantom or Solflare recommended)


Maximizing Your Grass Rewards

To optimize your earning potential:

  1. Run Multiple Components
    • Use both browser extension and Desktop Node
    • Keep your connection active consistently
  2. Referral Program
    • Earn 2500 bonus points per referral
    • Receive 20% of referred users’ points
    • Share your referral code widely
  3. Engagement Strategies
    • Participate in community activities
    • Stay updated with official announcements
    • Maintain regular network activity

FAQ

Is Grass Network secure?
Yes, Grass implements multiple security measures including external audits and strict public-only data collection policies.

Can I participate using mobile devices?
Yes, mobile users can participate using compatible browsers like Mises and Kiwi.

Where can I trade GRASS tokens?
GRASS is available on exchanges including Bybit, Bitget, Gate.io, and XT.COM.

Q: How long will Stages last?
The exact duration hasn’t been announced, but regular updates are provided through official channels.

Conclusion

Grass Network represents a massive opportunity in the decentralized AI data space, with its Eight-Epoch airdrop program offering substantial rewards to participants. Whether you’re claiming Stage 1 rewards or just joining, the platform provides multiple ways to earn while contributing to the development of transparent AI systems.

Remember to stay active in the ecosystem, utilize all available earning methods, and keep your node running to maximize your benefits from ALL EPOCHS of the airdrop program.

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Entangle x XRP
Enabling real-time, trusted data flows for innovative blockchain applications.

Entangle Announces Integration of XRP into Universal Data Feeds (UDF)

In our mission to enhance cross-chain functionality and expand the reach of decentralized finance, Entangle is excited to announce the integration of XRP into Universal Data Feeds (UDF). This integration enables real-time, trusted data flows for innovative blockchain applications being built in the XRP ecosystem.

Why XRP?

As one of the oldest blockchains (est. 2012) and most widely adopted digital assets, XRP is renowned for its speed, scalability, and low transaction costs, making it a cornerstone of cross-border payment solutions and decentralized finance. Recently, XRP has seen a resurgence of interest, even flipping Solana and briefly USDT in market capitalization. This renewed momentum highlights XRP’s enduring relevance and its growing role in the evolving blockchain landscape.

How XRP Benefits from UDF Integration

The integration of XRP into UDF brings transformative capabilities to its ecosystem:

  • Real-Time, Verifiable Data: UDF ensures that XRP applications receive accurate, tamper-proof data feeds, unlocking new possibilities for financial products like lending, trading, and derivatives.
  • Enhanced Utility in DeFi: Developers can leverage UDF in DeFi protocols that rely on external data inputs, creating innovative use cases like synthetic assets, yield optimization, and more.
  • Seamless Interoperability: UDF extends XRP’s reach by providing a secure, scalable foundation for cross-chain applications, allowing XRP to thrive in a multichain Web3 ecosystem.

Driving the Future of Decentralized Finance

This integration reinforces Entangle’s commitment to building an interconnected, scalable blockchain ecosystem. UDF’s capabilities not only support XRP’s traditional use cases in payments but also its goal to play a critical role in the next generation of decentralized applications.

By not only expanding the utility of XRP, but also powering the next wave of scalable, interoperable blockchain applications, UDF provides the infrastructure to unlock XRP’s full potential in a multichain Web3 future, leveraging its speed, scalability, and liquidity. Together, Entangle and XRP are driving the next era of decentralized finance, making blockchain technology more interconnected and accessible than ever before.

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Ripple v. SEC end of 2024 case update

As 2024 winds down, the long-standing legal battle between blockchain company Ripple and the Securities and Exchange Commission (SEC) is still hanging in the balance. However, there are signs that a resolution might be on the horizon.

The case is at a critical point, with key deadlines looming. Specifically, the U.S. Court of Appeals for the Second Circuit set January 15, 2025, as the date for the SEC to submit its opening brief in the Ripple appeal. This filing is pivotal, as it will outline the SEC’s legal arguments.

Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, has clarified that the appeal isn’t about whether XRP is a security. Notably, back in 2023, Judge Analisa Torres ruled that XRP isn’t a security, which was a big win for Ripple and the broader crypto community.

“The case is not about whether XRP, in and of itself, is a security. XRP is uniquely situated as having clarity (alongside BTC) in not being classified as a security. The SEC is not challenging that ruling which stands as the law of the land,” he said. 

Ripple has also filed a Form C for a cross-appeal, but Alderoty pointed out that the review will stick to the current record. From early on in the case, he’s been quite vocal about what he sees as the SEC’s “lawless tactics.” 

While there is no final verdict, the industry is optimistic about a possible settlement ending the four-year saga. 

XRP security status 

After the initial victory in 2023, the likelihood of XRP being reclassified as security has significantly diminished, especially after Judge Torres ordered Ripple to pay a fine of $125 million in August 2024 for violating securities laws, far from the SEC’s $2 billion demand. Importantly, there was no finding of fraud or investor harm.

If the case gets stayed, it might push the SEC to drop its appeal, potentially setting a precedent for how XRP’s programmatic sales are viewed in the U.S. digital asset market.

At the same time, Ripple has questioned the relevance of the 1946 Howey Test for today’s cryptocurrencies. Some say it’s outdated, while others praise its adaptability, which allows quicker regulatory response without new laws.

Ripple has insisted that XRP, like Bitcoin (BTC), enjoys a clear legal status in the crypto world and is not classified as a security.

Impact of Trump win on Ripple case

Adding a twist to the legal drama is Donald Trump’s election victory, and his promise to support crypto might change the outlook for the case.

Industry insiders and legal experts are optimistic about how a Trump administration could influence this case. There’s talk that the SEC might rethink its strategy under Trump. 

In this line, if Paul Atkins, known for his pro-crypto stance, gets the SEC nod, he might push for dismissing the case or at least negotiate a more favorable deal for Ripple.

Attorneys like Jeremy Hogan and Fred Rispoli have suggested that new SEC leadership might review ongoing crypto lawsuits, including Ripple’s. 

Hogan believes that non-fraud crypto cases could be settled. At the same time, Rispoli sees a settlement as likely but not a complete dismissal, predicting new leaders might find the case “idiotic” and settle on easier terms.

Notably, Alderoty has urged the upcoming administration to “cleanse the lingering stain of Hinman” from the SEC. The reference to William Hinman, the former SEC director, points to the ongoing criticism of Hinman’s 2018 speech, which has been a contentious point in Ripple’s legal defense.

Ripple contends that inconsistencies in the SEC’s stance on cryptocurrency classifications have harmed innovation and market clarity.

XRP price analysis 

At the time of posting, XRP was trading at $2.21, up 1.05% in the last 24 hours and 11.5% on the weekly timeframe.

The conclusion of the legal battle will be crucial for XRP’s potential growth. After consolidating below $1, the token saw a bounce after the November election, but wrapping up the case could be a significant boost.

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