Bitcoin Rebounds on Renewed Hopes for SEC Approval of ETF; Meme Token Sponge Set to Launch Innovative Staking Version 2
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Bitcoin has rebounded over 3% on renewed optimism for SEC approval of a Bitcoin ETF, with increased engagement between BlackRock and the SEC.
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Evidence shows large withdrawals of altcoins like Chainlink's LINK and Polygon's MATIC to new wallets, signalling potential institutional accumulation.
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The meme token Sponge is set to launch an innovative "Stake-to-Bridge" version 2 that rewards existing holders while driving momentum into the new token.
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Sponge V2 will have a 4-year fixed staking period with 40% APY, allowing long-term accumulation of tokens.
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With meme coins expected to make noise in 2024, Sponge V2 presents an exciting opportunity over both short and long timeframes.