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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin Spot ETFs Attract $3 Billion in One Month

Bitcoin Spot ETFs: A New Era in Investment The recent launch of Bitcoin spot exchange-traded funds (ETFs) in the United States has ushered in a remarkable financial phenomenon, capturing the attention of investors and analysts alike. Within just a month, these pioneering investment vehicles have attracted over $3 billion in net flows, a figure that notably eclipses the initial performance of gold ETFs when they made their market debut two decades ago. This trend signals not only a shift in investor sentiment but also a redefinition of traditional asset allocation strategies. For those looking to dive deeper into this area, the Comprehensive Guide to Spot Bitcoin ETFs offers valuable insights into navigating these new financial waters. Key Highlights Impressive Net Flows : Bitcoin spot ETFs have drawn over $3 billion in net flows within their first month, demonstrating robust market enthusiasm. Comparison to Gold ETFs : This performance surpasses that of gold ETFs at their inc
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling Avalanche Foundation's Meme Coin Eligibility Criteria for $100M Culture Catalyst Program

The Avalanche Foundation has recently unveiled the eligibility criteria for selecting meme coins to be included in its portfolio as part of the $100 million Culture Catalyst Program announced last month. The criteria aim to identify tokens that demonstrate stability, growth potential, and a commitment to fair practices. Here are the key points highlighted by the Foundation in their Tuesday blog post:

Eligibility Criteria for Meme Coins:

  • Fair Launch: Tokens must not reserve any tokens for the founders.
  • Low Supply Concentration: There should be a minimal concentration of tokens among crypto whales.

The Foundation emphasized that disclosing these criteria serves to articulate its values and offer guidance to the community. Despite facing criticism for its investment plans, the Foundation views meme coins as valuable sources of community engagement and culture, categorizing them as "community coins."

To qualify for investment by Avalanche, community coins must meet the following requirements: - At least 2,000 unique holders with a fully diluted market cap of $1 million. - Top 100 owners collectively holding no more than 60% of the total supply. - Average daily trading volume of $100,000 across two Avalanche decentralized exchanges for a minimum of two weeks. - Minimum total liquidity of $200,000 with at least 50 liquidity providers.

The Foundation has already allocated some capital to specific community coins under the Culture Catalyst Program. While the spokesperson declined to disclose the tokens purchased, the Foundation holds over $90 million in assets available for further deployment.

Following the program's announcement in December, Avalanche-based meme coins like Husky Avax (HUSKY) surged by over

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