⚖️ An indictment was unsealed yesterday charging Roger Ver, an early investor in bitcoins, with mail fraud, tax evasion and filing false tax returns.

Ver was arrested this weekend in Spain based on the U.S. criminal charges.

@DeCenterOrg

🔥 CZ sentenced to 4 months in prison

@DeCenterOrg

Gem Tokenomics

Due to the simple nature of the jetton contract, to keep things transparent, Gem's supply is currently at the 1 trillion mark.

Cap Table
Here is a cap table of proceeds:
– Team – 3%
– Marketing – 3%
– Development – 3%
– Mining – 90%
– Community Round – 1%

Mining and Burning
Note that Mining includes all sorts of rewards across the Gem's ecosystem and the Gem Chain. All unmined and unclaimed Gems will be burned.

Programmable Supply
Mining will be self-adjusted via the smart contract to keep emission at a lower rate than the pace of Gem's price growth. The supply should always be lower than the demand. So, Gems are either mined at a growing price rate or burned to shrink supply.

Vesting
Gems of Community Round, Team, Marketing and Development are vested for years to keep everyone's interests aligned.

gem.bot

🐹 On the eve of the elections in the USA, most of the political stakes are rising — it's scary to imagine what will happen after.

@DeCenterOrg

Summary of the Day, November 5

⚒️ Today, the Bitcoin mining difficulty reached a new all-time high of 100 T.

🇬🇧 One of the UK pension funds invested $2,000,000 in Bitcoin.

🇺🇦 The law on the regulation and taxation of cryptocurrencies in Ukraine could be adopted in January 2025 — the document is being developed in collaboration with the IMF.

💸 Cryptocurrency companies, including Robinhood, Kraken, and Paxos, are launching a "global stablecoin network," aimed at accelerating the adoption of stablecoins worldwide.

🇺🇸 American spot Bitcoin ETFs recorded the second-largest outflow of funds since the launch of the instruments — $541,000,000.

🤖 OpenAI is working on a plan to restructure its core business into a commercial company — negotiations are underway with regulators in California and Delaware.

🐹 A large portion of political shitcoins are soaring upward — it's terrifying to imagine what will happen after the elections.

🪙 999,999,999 DOGE ($170 million) were transferred from Binance to an unknown wallet — the largest Dogecoin transaction in recent times.

💤 After 12 years of inactivity, an ancient Bitcoin wallet woke up with 235 BTC ($17,400,000) in the account.

@DeCenterOrg

🇫🇷 The French gambling regulator (ANJ) plans to ban the Polymarket betting DEX for users in France — all due to an anonymous local user who earned "tens of millions of dollars" betting on Trump’s victory.

@DeCenterOrg

📈 On November 7, Bitcoin spot ETF had a total net inflow of $1.376 billion, BlackRock ETF IBIT had a single-day net inflow of $1.12 billion, both record high.

Ethereum spot ETF had a total net inflow of $79.7401 million, the third highest single-day net inflow in history.

@DeCenterOrg

📊 In just 3 days, crypto enthusiasts withdrew 24 000 BTC from exchanges totaling $1.8 billion.

@DeCenterOrg

📁 The total treasury funds of Ethereum ecosystem participants as of today amount to over $22 billion, with the largest holders being: Optimism with $3.5 billion, Uniswap ($3.1 billion), and Mantle ($2.5 billion).

@DeCenterOrg

🛢 Tether conducted the first transaction for the delivery of crude oil using the stablecoin USDT.

@DeCenterOrg

⚡ Ten months after its launch, the spot Bitcoin ETF by BlackRock surpassed the GOLD ETF in terms of assets under management.

@DeCenterOrg

Summary of the Day, November 8

🪙 Yesterday, U.S. spot Bitcoin ETFs attracted a record $1.38 billion.

🇨🇳 The Chinese government announced additional measures to stimulate the country's economy amounting to $1.4 trillion.

🗽 Detroit will become the largest city in the U.S. to start accepting cryptocurrency for tax and fee payments.

🚨 The CEO of the Canadian public crypto company WonderFi was kidnapped in Toronto — the perpetrators demanded a ransom of $720,000, and after the transfer of funds, the person was released.

📊 In just 3 days, crypto enthusiasts withdrew 24,000 BTC from exchanges worth $1.8 billion.

🪙 As of October 31, 2024, the reserves of the Ethereum Foundation amount to $970.2 million.

🪙 Tether printed 1,000,000,000 USDT.

👮 A Chinese government official, to cover debts incurred due to losses from cryptocurrency investments, engaged in selling strictly confidential state data.

📁 The total treasury funds of the Ethereum ecosystem participants today amount to more than $22 billion.

🛢 Tether conducted its first transaction for the delivery of crude oil using the stablecoin USDT.