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- ๐ Gate.io #Launchpad# for Puffverse (PFVS) is Live!
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- ๐ Gate.io #Launchpad# Initial Offering: #PFVS#
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#GateioLaunchpad#
Important developments that have marked the last few hours in the cryptocurrency market:
Market Overview:
* Bitcoin (BTC) is trading above the $ 103,500 level and has gained over 1% in the last 24 hours.
* Ethereum (ETH) has shown a strong increase due to the Pectra update, gaining over 8% to over $ 2,600 and leaving some major companies behind in market value.
* Altcoins are also generally showing an upward trend. There are significant increases, especially in major altcoins such as Dogecoin (DOGE) and Solana (SOL).
Important News and Developments:
* Pectra Power for Ethereum: The long-awaited Pectra update, which went live on May 7, led to a significant increase in the Ethereum price.
* US Inflation Data and Bitcoin: Lower-than-expected US inflation data strengthened expectations for a Fed rate cut, positively affecting the Bitcoin price.
* SEC Chairman's Crypto Vision: US Securities and Exchange Commission (SEC) Chairman Paul Atkins announced his vision to make the US a capital for crypto assets and stated that they aim to create a comprehensive regulatory framework.
* Crypto Regulations in Tรผrkiye: The Capital Markets Board (SPK) introduced a "proof of reserve" regulation for crypto asset platforms. It was also stated that crypto asset service providers will not be able to store customer cash directly and will be required to hold liquid reserves of 3% of customer assets.
Market Analysis:
* It is stated that Bitcoin's illiquid supply has reached record levels thanks to whales.
* Some analysts state that Bitcoin is facing profit sales at $106,000 and that this level is critical for the record.
* There are analyses that show that Dogecoin has a significant potential for increase parallel to the rise of Bitcoin.
#ETH Breaks $2,700#
#PFVS Launchpad is Live#
Best regards.