Crypto California Club

🦁 Russians Warned Against Saving in Crypto Amid Declining Savings in Foreign Fiat A government official in Moscow has advised Russians to avoid cryptocurrencies now when interest in foreign fiat currencies is declining in the country. The high-risk assets are not suitable for the savings of most people and make sense only for investments by rich people, his comments suggest. Restrictions imposed by the Russian state on foreign currency accounts and operations amid Western sanctions have led to a decrease in the volume of savings kept in foreign fiats. Against this backdrop, Russians have been warned they shouldn’t switch to cryptocurrencies. “We would definitely not want citizens’ savings to be directed to digital currencies,” the head of the Financial Policy Department of the Russian Ministry of Finance, Ivan Chebeskov, stated during the blockchain conference “Finance of the Future: Challenges and Opportunities.” Chebeskov is convinced that regulated digital financial assets (DFAs) could be a better alternative. The finance ministry representative added that assets such as cryptocurrencies make sense only for wealthier Russians, not for people with average income and savings, and then only for 10 to 15% of the capital available for investment. Crypto California Club – Subscribe

🦁 Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. China is currently Argentina’s international partner, and this move will ostensibly allow the country to lessen the weight of imports on the weakened state of Argentine reserves. The Chinese concession given to Argentina by Chinese President Xi Jinping allows the central bank to focus its attention on the devaluation and inflation spiral Argentina is currently experiencing by injecting resources to stabilize its fiat exchange rate, which reached record lows last week against the U.S. dollar. Crypto California Club – Subscribe

I've got some exciting news to share! 🚀 Tari, the newest proof-of-work L1, is launching soon, and I’m incredibly bullish on it. This project has everything—a top-tier team, robust technology, and a community-first approach. Tari's airdrop campaign is designed to reward the community in a big way, reflecting their commitment to PoW principles. The Airdrop Game starts on 5/14, but you can get a head start by signing up now ➡️ https://airdrop.tari.com/teaser?referralCode=FTG4 The tasks are simple and fun, with generous rewards for creativity. Plus, this isn’t just any launch—Tari has major backers like Blockchain Capital and Pantera Capital. 🌐 New L1’s don’t come around often, so don’t miss out on this opportunity. Jump in early and start earning today!

Many of you have seen the news more than once, how a trader bought a token at the very beginning for $100, and sold it for $10,000, or even more. All such stories are related to meme coins in one way or another. I want to share a crypto channel in which such projects are posted daily. If you are not familiar with this kind of trade yet or are looking for channels with useful information about memes, be sure to come here! But you need to understand that in addition to high profitability, this type of trading also carries high risks. Risk management will help you. In addition to high-quality signals, the channel often conducts sweepstakes for activity and gives valuable prizes! Join us and LFG! https://t.me/GaryGemsler

What is Dexsport? In a nutshell, Dexsport is a decentralized Web3 betting platform that allows users to place bets on sports & e-sports matches using crypto. Why bet on Dexsoprt? 🔗 Multichain & multicoin support (BNB, Tron, etc.) 😌 User-friendly interface (start playing in two clicks) 🔒 Solid security (audited by Certik) 🎭 Complete user privacy (no KYC needed) 🤝 Strong community support (across many social media channels) In fact, to celebrate our fresh update… We’re doing an awesome giveaway right now! 🎁 If you fancy some cool rewards, you can join here 👇 🔗 Join The Giveaway 🔗 📌 Announcements 📌 Community 📌 Website P.S. The giveaway won’t last long! We’re wrapping up on May 20th!

🐃 South African Crypto Premium Surge After Kraken Abruptly Starts Blocking Deposits by Local Residents The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s decision to the Financial Action Task Force’s recent addition of the African country to its greylist. According to a report, the U.S.-based crypto exchange Kraken’s recent decision to stop accepting deposits from South African nationals briefly saw the premium on crypto assets like bitcoin surge to 3.5%. Before Kraken’s announcement, the premium or arbitrage, which is the gap between prices of crypto assets on global exchanges and South African exchanges, had reportedly ranged between 0.7% and 1.5%. As explained in a report published by Moneyweb, Kraken made the sudden decision to block South African deposits after its banking partner placed the African country on its anti-laundering blacklist. Meanwhile, the report by Moneyweb suggested that Kraken’s abrupt decision had impacted many local crypto arbitrage market participants. However, according to the report, market participants such as crypto arbitrage and forex specialists like Future Forex have since found alternatives. Crypto California Club – Subscribe

🌴 Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity in return for rewards. The dex also has a native governance token called SUSHI. According to the announcement, “This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience.” Sushi’s team insists the decision will strengthen its leading cross-chain position by spreading to Aptos. Sushi was once a top dex but volume has dropped considerably over the past few years. Defillama statistics show that the dex platform has $347.23 million total value locked across various protocols. Sushi’s TVL has also lost a great deal of value since November 2021, after holding more than $8 billion. Crypto California Club – Subscribe

⚡️ PORTAL seems to be cooking up some new things with their new launchpad The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket 🤑 Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game $SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale➡️ https://launchpad.portalgaming.com ⏺Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase. The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE. ✖️ Portal Twitter: https://twitter.com/Portalcoin ✖️ SOMO Twitter: https://twitter.com/playsomo

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