🚀 Welcome to The Ascendant — your trusted source for this week’s top #Crypto and #Blockchain updates!
From market trends to regulatory shifts and major moves in digital assets, here’s what’s shaping the crypto world 👇
🌍 Hong Kong Recognizes Bitcoin & Ethereum for Investment Immigration
In a significant regulatory move, Hong Kong now accepts Bitcoin and Ethereum as proof of assets for investment-based immigration, boosting crypto legitimacy in the region.
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📈 Ethereum Short Positions Skyrocket +500%
Hedge funds are piling into short positions on Ethereum, raising concerns of market manipulation. Meanwhile, whales quietly accumulate for the long haul.
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🇸🇦 Saudi Arabia Invests $14.9B in AI & Cloud Expansion
Saudi Arabia partners with global tech giants in a bold $14.9 billion AI expansion, reflecting its growing focus on innovation and blockchain integration.
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🇳🇬 Nigeria Charges 53 in Crypto Crime Ring Bust
In a major crackdown, Nigerian authorities charge 53 individuals linked to a crypto crime ring, signaling increased regulatory vigilance in emerging markets.
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🎓 University of Austin Launches Bitcoin Fund
The University of Austin announces its Bitcoin fund, joining other endowments in embracing crypto as part of their long-term investment strategy.
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📊 Digital Asset Insights — By Lorenzo
- Whale accumulation: Despite pessimistic headlines, whales are heavily accumulating BTC, ETH, LINK, and other fundamentally strong coins.
- Microstrategy warning: The company is over-leveraged and could face liquidation risks in the next bear market.
- ETH strategy split: Hedge funds are shorting ETH, but whales are steadily building long-term positions.
- Long-term opportunities: The market’s current pessimism presents one of the best accumulation opportunities for long-term hodlers.
Overall Sentiment: Bearish in the short term, but whales and institutional investors are positioning for future growth. This is a prime moment for long-term accumulation.
