Blockchain
Cryptocurrency News Today Top Stories May 7, 2024

Find out the latest Cryptocurrency news today top stories development, including significant updates on the Ripple v. SEC litigation, Apple’s creative collaboration with Render Network, significant market trends, and regulatory measures.
Stay informed with today’s most impactful crypto news and analysis.
Cryptocurrency News Today: Ripple vs. SEC, Apple-Render Partnership, Bitcoin Trends, and other Top Stories
Cryptocurrency continues to make headlines, reflecting its increasing impact on finance and technology globally.
As the digital currency landscape evolves, it’s shaped by significant developments, including regulatory battles, groundbreaking partnerships, and shifts in market dynamics.
We will now bring you the latest pivotal events in the cryptocurrency world as of May 7, 2024, focusing on the ongoing Ripple vs. SEC lawsuit, public skepticism about crypto in the US, strategic partnerships like that of Apple and Render Network, and fundamental market movements.
Ripple vs. SEC Lawsuit Intensifies
The Ripple vs. SEC lawsuit has reached a crucial point as the US Securities and Exchange Commission (SEC) filed its final response in the ongoing legal battle with Ripple.
The SEC argued that Ripple’s claims do not eliminate the necessity for injunctions to prevent potential future violations.
This legal conflict, which began in December 2020 when the SEC filed a lawsuit against Ripple Labs for conducting unregistered securities sales via its XRP token, has now escalated with this latest filing.
Background of the Lawsuit
The lawsuit centers around the SEC’s assertion that Ripple raised over $1.3 billion through an unregistered securities offering. Ripple maintains that XRP is a digital currency, not a security, and therefore not subject to SEC regulations.
The outcome of this case is poised to set a precedent for how digital assets are classified and regulated in the US.
The initial ruling in favor of Ripple sparked optimism in the crypto community, but the SEC’s recent filing intensified regulatory scrutiny.
SEC’s Final Response and Ripple’s Defense
In its latest response, the SEC urged the court to issue injunctions despite Ripple’s assurances of compliance, emphasizing the importance of deterring future violations.
Ripple argues that the lawsuit is unfounded and that the XRP Ledger’s decentralization minimizes the potential for securities fraud.
The SEC’s response highlighted the need to protect investors and maintain the integrity of financial markets, pointing to Ripple’s past behavior as a basis for future risks.
Potential Impact on the Market
The lawsuit has affected XRP’s price and market sentiment, with the token experiencing significant volatility.
Despite falling over 14% year-to-date due to legal uncertainties, analysts believe XRP could rebound if Ripple secures a favorable outcome. Moreover, this lawsuit has implications beyond Ripple, potentially shaping future regulatory approaches to the broader cryptocurrency market.
Majority of Americans Skeptical About Crypto Despite Financial System Concerns
According to a recent survey by The Harris Group and the Digital Currency Group (DCG), 70% of voters in swing states think that considerable changes are needed to the current financial system since it is antiquated.
However, despite these concerns, most participants remain skeptical about cryptocurrencies as a viable solution due to issues like security, regulation, and market volatility.
Survey Findings and Public Perception
The survey highlighted the divide in public perception. While the majority agreed on the need for reform in traditional finance, only a minority viewed cryptocurrencies as the answer. Factors contributing to this skepticism include the perceived association of cryptocurrencies with speculative trading, regulatory uncertainty, and the prevalence of scams. Many respondents were particularly wary of decentralized finance (DeFi) and its potential risks.
Regulatory Concerns
Participants expressed concerns about regulatory oversight, highlighting the importance of government involvement in ensuring investor protection.
Recent events such as the Ripple vs. SEC lawsuit and the collapse of FTX have further fueled doubts about the industry’s integrity.
This survey underscores the challenges that cryptocurrency faces in gaining mainstream acceptance, even as it continues to grow in technological innovation and market impact.
Apple Partners with Render Network for Decentralized Computing
Apple’s keynote on May 7, 2024, spotlighted a groundbreaking partnership with the Render Network via OctaneX, a decentralized GPU platform.
This collaboration aims to harness Apple’s advanced hardware capabilities alongside the Render Network’s decentralized computing power, creating a seamless and powerful computing platform.
Partnership Overview
OctaneX is designed to leverage the decentralized GPU resources of the Render Network, offering a nearly unlimited pool of high-performance computing power.
By integrating Apple’s cutting-edge hardware, such as the M-series chips, with Render’s decentralized architecture, the partnership is set to redefine how decentralized computing resources can be accessed and utilized.
Impact on Decentralized Computing
This collaboration could significantly impact the decentralized computing landscape, offering content creators, developers, and researchers access to scalable GPU resources.
It also demonstrates how blockchain-based networks like Render can partner with tech giants to provide decentralized solutions for demanding computing tasks like rendering, machine learning, and data analysis.
Furthermore, this partnership aligns with Apple’s broader strategy of promoting innovation and integration within its ecosystem, signaling a growing interest in decentralized technologies and their potential applications.
Wintermute Provides Liquidity for Hong Kong Crypto ETFs
Wintermute, a leading market maker in the cryptocurrency industry, has committed to providing liquidity for Hong Kong-listed crypto exchange-traded funds (ETFs).
This calculated strategy comes at the same time as Asian venture capital firms open a $1 billion liquidity fund to help the expansion and uptake of cryptocurrency exchange-traded funds (ETFs) in the area.
Hong Kong’s Growing Crypto Market
The move reflects Hong Kong’s ambition to position itself as a global hub for cryptocurrency trading and innovation.
Recent regulatory changes have made the region increasingly attractive to institutional investors seeking exposure to digital assets through regulated financial products like ETFs.
Wintermute’s Role and Significance
Wintermute’s involvement as a liquidity provider ensures tighter spreads and higher trading volumes for the new ETFs, improving investor confidence and signaling the growing maturity of the cryptocurrency market in Asia.
The initiative aims to bridge the gap between traditional finance and digital assets, fostering institutional adoption of crypto products.
Bitcoin and Ethereum Market Trends
Bitcoin continues to capture investor attention as market sentiment shifts positively.

Bitcoin’s Bullish Momentum
The world’s largest cryptocurrency recently surpassed the $69,000 level before slightly retreating to $67,857.52, reflecting a 3.45% gain.
Fidelity Investments predicts a potential surge to $100,000 as institutional interest grows and more traditional finance firms offer Bitcoin exposure.
This bullish sentiment is supported by recent on-chain data, indicating that Bitcoin might be preparing for a significant upward movement.
Bitcoin adds 4.5% even as stocks reverse lower following hawkish Fed commentary.
Stephen Alpher, CoinDesk
Indicators and Trends
- Funding Rate and Basis Rate: Both indicators have cooled off, signaling a “calm before the storm,” according to Ciaran Lyons of Cointelegraph. This cooling-off often precedes a bullish breakout.
- Market Analysis: Bitcoin’s recent dip hasn’t dented the optimism of traders, as it remains on an upward trajectory.
Data suggests the crypto market remains in the early stages of a macro uptrend.”
Nancy Lubale, to Cointelegraph
Ethereum’s Underperformance
While Bitcoin is gearing up for a bull run, Ethereum (ETH) has been underperforming due to weaker capital rotation.
Despite rising 0.61% to $3,297.90, it has lagged behind Bitcoin’s gains, attributed to a lack of institutional momentum and uncertainty around the SEC’s approval of a spot Ethereum ETF.
Indicators and Trends
- On-Chain Data and Glassnode Analysis: Glassnode analysts report that Ethereum price lags due to “weaker capital rotation” but remains in a macro uptrend alongside Bitcoin.
- Market Analysis: Ethereum is still expected to benefit from the crypto market’s overall macro uptrend.
Broader Market Trends
- Altcoin Performance: Other prominent cryptocurrencies, such as Binance Coin (BNB), Cardano (ADA), and Toncoin (TON), have seen modest gains in recent days.
- Crypto Rebound Expectations: Investors are closely watching presales of promising projects like Raboo, which has attracted significant investment amid Bitcoin and Ethereum price recovery.
Australian Tax Office Seeks Crypto Data from 1.2 Million Users
The Australian Tax Office (ATO) has requested personal and transaction data from 1.2 million cryptocurrency users to identify those who still need to fulfill their tax obligations.
The agency acknowledged that some users might unknowingly fail to comply but emphasized the need to enforce regulations consistently. This move underscores the growing scrutiny of crypto transactions by tax authorities globally.
Complexity of Compliance
Crypto tax compliance remains challenging due to the intricacies of tracking transactions across multiple exchanges and platforms, making it crucial for users to stay informed on evolving guidelines.
The landscape of cryptocurrencies is still changing as a result of market trends, creative collaborations, and regulatory scrutiny.
The Ripple vs. SEC lawsuit highlights the industry’s regulatory challenges and the need for more precise guidelines.
Meanwhile, public skepticism about crypto remains high despite dissatisfaction with the current financial system, emphasizing the importance of security and compliance.
On the innovation front, Apple’s partnership with the Render Network exemplifies the potential for decentralized computing.
At the same time, Wintermute’s involvement in Hong Kong crypto ETFs showcases the growing institutional interest in digital assets in Asia.
Market trends indicate that Bitcoin remains bullish, with predictions pointing to a surge beyond $100,000, while Ethereum, despite its underperformance, is expected to benefit from a macro uptrend alongside other altcoins.
The Australian Tax Office’s move to enforce crypto compliance further underscores the importance of regulatory adherence.
Conclusion
Bitcoin and Ethereum continue to shape the cryptocurrency market’s outlook.
While Bitcoin shows bullish potential, Ethereum’s macro trends and growing institutional interest hint at a promising future despite recent underperformance.
It will be crucial for stakeholders and investors alike to keep up with new developments and stay aware of developing trends as the cryptocurrency business continues to drive changes in the markets, regulations, and technology.
FAQs
- What is the current status of the Ripple vs. SEC lawsuit?
- The SEC has filed its final response, calling for injunctions against Ripple despite its arguments.
- Why are Americans skeptical about crypto despite dissatisfaction with the financial system?
- Concerns about security, regulation, and market volatility contribute to skepticism.
- How does Apple’s partnership with the Render Network impact decentralized computing?
- This collaboration integrates Apple’s advanced hardware with decentralized GPU resources, potentially redefining decentralized computing.
- What does Wintermute’s involvement in Hong Kong crypto ETFs signify?
- It reflects growing interest and strategic importance in the Asian crypto market.
- What market trends are currently affecting Bitcoin and Ethereum?
- Bitcoin shows signs of a bullish movement, while Ethereum lags due to weaker capital rotation.
Blockchain
Top New Meme Coins to Invest in This Month: Troller Cat Stage 10 Skyrockets With 1341% ROI as Notcoin and Official Melania Slides

Is the crypto world on the verge of its next meme coin explosion? With XRP smashing past $2.00 and setting its eyes on $3.00, attention is shifting away from global tensions and toward bullish moves in altcoins. Markets are no longer jittery over Middle East developments; instead, all eyes are on Fed Chair Jerome Powell and the U.S. macro outlook. And in this upbeat momentum, three meme coins are creating serious buzz: Troller Cat, Notcoin, and Official Melania.
While some altcoins tread water, both Notcoin and Official Melania have stirred waves, bucking bearish trends and reigniting meme magic. But there’s one name stealing the spotlight: Troller Cat. This isn’t just another feline-themed coin; this cat’s got claws, charisma, and an explosive presale ROI that’s grabbing attention fast.
Over the years, meme coins have evolved from internet punchlines to powerful profit engines. From Dogecoin to PEPE, the game has changed. It’s not just about memes anymore; it’s about momentum, utility, and mastering virality. Troller Cat’s insane community energy and savvy platform design is a clear sign of this evolution. And right now, it’s more than a coin; it’s a cultural movement with real teeth.
Troller Cat is heating up in its Stage 10 presale, serving up serious numbers, $250K+ already raised and 1341% ROI from Stage 1 to the listing price. The coin’s combination of meme appeal, financial utility, and community-driven development has positioned it as one of the top new meme coins to invest in this month.
Troller Cat’s Game-Changing Presale: 13x Gains and Viral Power
Troller Cat isn’t just pawing at moonshot status; it’s clawing right into it. Stage 10 is live, and the current token price is just $0.00003684. With the final launch set at $0.0005309, anyone jumping in now could be looking at over 13x returns. Early birds have already pocketed up to 636.8% ROI from previous stages, and the momentum is only building.

Imagine tossing in $50K right now. That would fetch over 1.35 billion TCAT tokens. Once it hits listing price, you’re looking at over $670,500. With whales beginning to sniff around, the big money is circling this cat. Plus, over 1200 holders have already jumped in, and it’s growing by the hour.
Stage 10 brings the most iconic meme into the spotlight: Troll Face. This chapter adds a mischievous twist to internet culture, with Troller Cat redrawing that classic grin into its own viral mascot. It’s the ultimate nod to online chaos, giving investors not just a coin but a slice of meme history.
Troller Cat gets internet culture. It doesn’t just tap into nostalgia; it elevates it. This is why younger investors and meme veterans alike are buying in. The beta launch of its ad-free, revenue-free Game Center adds fuel to the fire. It’s not monetized yet, but the vision is clear: a play-to-earn deflationary system that drives demand and burns supply. The second it goes live, things could go ballistic.
Referral Rewards: The Easy Road to Crypto Gains
Troller Cat’s referral system is the peanut butter to its jelly. Spend just $25+ using a referral code, and you and your friend both win. The referrer grabs 10% of their friend’s buy-in. That’s easy money, especially if you’ve got a few crypto-hungry pals or a solid social following.
For investors chasing financial freedom, this is a no-brainer. Stack referral bonuses while your tokens climb. Whether you’re a college student in Brazil or a blockchain dev in Chicago, this is your moment to stack bags the smart way.
Troller Cat Presale is already making headlines, and with staking offering up to 69% APY, passive income is part of the game plan. Audits and KYC are complete, transparency is top-tier, and with no minimum buy-in, the barrier to entry is low. Just $25 gets you on the inside.
Notcoin Falls but Still Fights: The Underdog Meme with Volume Muscle
Notcoin might not be wagging tails at the moment, but there’s bite behind the bark. Currently trading at $0.001812 with a market cap of $187M, it’s seen a 49.30% drop in trading volume recently, but that’s not the full story. Notcoin once touched a high of $0.02836 and is now sitting 93.58% below that peak. Still, it’s 13.24% above its all-time low.
What’s intriguing here is volume resilience. Even with the drop, over $23M in trading action happened in the last 24 hours. That’s serious coin movement, suggesting big players are watching. Meme coins live and die by hype, but Notcoin’s fundamentals offer a pulse worth checking.
While it’s underperforming the wider meme sector (-8% over the past 7 days), it’s still seen as a potential bounce-back play. If the market sentiment swings again, Notcoin could move fast. The coin is also listed among the top in CoinGecko’s high-volume cryptos, a strong indicator that liquidity is far from dead.
For those looking to play the long game, Notcoin might just be a sleeper hit. With a fully diluted valuation of $187M and a circulating supply of 100B, there’s still room to run. But right now, it’s all eyes on whether this peanut in the pile becomes a diamond in the rough.
Official Melania: Beauty, Branding, and the Meme Coin Crash-and-Burn
Trading at $0.211882, Official Melania once soared to a high of $13.05, a near-mythic moonshot. Now 98.37% below its all-time peak, the token seems bruised but not broken. Over $10.7 million still trades daily, signaling active interest even after the price plunge.
The branding is bold, combining political celebrity with meme economy flair, but price action over the last week shows a -15.30% drop. That’s even worse than most other “Made in USA” coins, which are only down 2.5% by comparison.
Still, the fundamentals matter. Official Melania isn’t dead yet with a circulating supply of 620M tokens and a market cap of $132M. The fully diluted valuation sits at $213M, and while that’s far off the highs, there’s potential if sentiment rebounds.
Melania Meme holders are banking on branding power. If social chatter returns and U.S. election season amplifies, this coin could ride the wave again. But as it stands, it’s less a hot pick and more of a gamble. Not the top new meme coin to invest in this month, but still a name worth watching.
Conclusion
Based on our research and market trends, with XRP rallying above $2.00 and breaking through technical ceilings, the momentum is returning toward altcoins and risk assets. As crypto traders refocus from geopolitical heat to U.S. economic policy and Fed direction, meme coins are gearing up for another run.
Troller Cat stands out like a lion among kittens. It’s 1341.10% ROI potential, 13x gain from the current Stage 10 price, and viral cultural roots make it one of the top new meme coins to invest in this month. With a strong presale, a gamified roadmap, referral rewards, and full KYC/audit backing, it’s built for both fun and financial firepower.
Notcoin’s volume and potential rebound make it a high-risk, high-reward play. Official Melania? Branding still holds clout, but price action needs to recover. For crypto fans across North and South America, now’s the time to dive in before the next meme wave breaks wide open.

For More Information:
Website: https://www.trollercat.io/
Buy Now: https://www.trollercat.io/buy-now/
FAQs
1. What is the best new meme coin to invest in this month?
Troller Cat is currently leading the pack with 1341% ROI potential and a viral meme-powered platform.
2. How much can I earn by investing in Troller Cat now?
With the current price at $0.00003684 and launch at $0.0005309, potential gains exceed 13x.
3. What’s the deal with Troller Cat’s referral program?
You earn 10% of your friend’s buy-in when they invest $25+ using your referral code.
4. Is Notcoin still a good investment despite the recent dip?
It has a strong trading volume and might rebound, but it’s currently underperforming.
5. Is Official Melania Meme coin worth buying?
It’s risky due to price drops, but branding and market timing might help it bounce back.
Glossary of Key Terms
- Best new meme coins for exponential returns: High-growth tokens with meme appeal and long-term strategies.
- Presale: A token sale before public exchange listing.
- Referral Code: A system that rewards users for inviting others.
- ROI: Return on Investment.
- Troll Face: A famous meme symbolizing internet trolling.
- Thematic Presale: A presale structured around unique themes.
- Bonus Tokens: Extra tokens received through promotions like referrals.
Blockchain
Beta Version Live Now – Troller Cat’s Game Center Unleashes Chaos: The Best New Meme Coin to Invest as Housecoin and Pepe Pump

Is your next moonshot already making waves while you’re distracted by old meme coin favorites? The meme coin market has reignited, with new entrants outperforming expectations and traditional players struggling to hold ground. Investors are chasing the next breakout before social media catches up.
In the last 24 hours, Housecoin ($HOUSE) recorded a modest gain of 3.08% to $0.02374, while Pepe ($PEPE) rallied 9.75% to $0.00001017, recovering from earlier dips. Both are trending on major trackers. But in the shadows of these moves, Troller Cat ($TCAT) has quietly become one of the best new meme coins to invest in now, thanks to its strong tokenomics and feature-packed roadmap.
Troller Cat is currently in Stage 10 of its 26-stage presale, having already raised over $250,000. At a price of $0.00003684, early investors have secured 636% returns from its $0.00000500 debut, with 1,300% ROI still on the table.
Troller Cat ($TCAT): 636% Up and Still Early
Troller Cat’s Stage 10, titled “Troll Face Meme – The Icon of Trolling,” draws inspiration from the legendary internet troll face that defined online satire in the 2000s. But this isn’t just nostalgia. Troller Cat’s presale structure gamifies entry into its ecosystem, unlocking better pricing at earlier stages and maintaining buzz throughout all 26 phases.

Currently priced at $0.00003684, the token has more than 1,200 holders and is fully audited and KYC-verified. The launch price is set at $0.0005309, which would turn a $25,000 investment today into more than $340,000 at listing—a potential 13x return.
What makes Troller Cat stand apart is its deflationary strategy. Each month, ad revenue generated from its ecosystem will be used to buy back and burn $TCAT tokens, permanently reducing supply. This mechanism ensures that increased platform engagement translates into tangible value for holders.
Troller Cat Game Center: Two Meme Games Now Live, Monetization and Burns Coming at Launch
Troller Cat’s Game Center Beta has officially gone live. Two games, Troller Verse and Troller Dash, are designed to provide quick, replayable entertainment rooted in meme culture. These games are built to maximize user engagement and introduce a fresh twist to the play-to-earn model.
Troller Verse is a chaotic universe where players dodge trolls and collect tokens, while Troller Dash is a speed-based meme runner designed for high-score chasers. During the Beta, players can enjoy gameplay without monetization. After the full launch, both games will feature mandatory ads, with the generated revenue used for monthly token buybacks and burns, powering Troller Cat’s deflationary engine and rewarding the most active players.
With more games, meme-themed tournaments, and ad-rewarded leaderboards in the pipeline, the Game Center is not just about fun, it’s about financial utility. Every ad watched and game played fuels a tokenomics loop that burns supply and rewards the community.
Housecoin ($HOUSE): Modest Gains Amid Utility Expansion
Housecoin saw a 3.08% increase in the past 24 hours, currently trading at $0.02374. While the percentage isn’t jaw-dropping, it marks a steady climb as the project moves beyond meme status and into practical use cases.
The recent surge in volume follows Housecoin’s updated roadmap announcement, which hints at integrating real estate tokenization features into its meme-based ecosystem. This has sparked a fresh wave of interest, especially from traders looking for hybrid utility plays.
Still, the project’s growth remains moderate, and critics argue its branding may not appeal to the traditional meme coin audience. Whether it can bridge the gap between utility and virality remains to be seen, but for now, it holds position as a slow-but-steady performer.
Pepe ($PEPE): Classic Meme Coin Reclaims Momentum
Pepe surged 9.75% in the last day to $0.00001017, recovering from a series of dips earlier this week. The bounce coincides with renewed social media traction and a listing rumor that gained steam across trading forums.
Volume rose significantly, and technical indicators point to strong support near $0.00000940. If the trend continues, resistance around $0.00001100 could be tested in the next leg up. This puts Pepe back on watchlists after a quiet period.
Despite being one of the most recognizable meme coins, Pepe has struggled to maintain consistent momentum. Its brand recognition is high, but without additional utility or roadmap clarity, it may continue to be a sentiment-driven asset.
Conclusion
Based on our research and market trends, Troller Cat stands out as the best new meme coin to invest in now. With 636% already delivered and over 1,300% still possible, it offers rare ROI potential combined with real features.
Housecoin is expanding its utility and showing slow, steady gains, while Pepe remains relevant thanks to its name recognition. But Troller Cat brings something new: a deflationary, gamified, and economically strategic meme coin with actual mechanics behind its growth.
Join the Troller Cat presale today and lock in your position before the next 35% price jump.

For More Information:
Website: https://www.trollercat.io/
Buy Now: https://www.trollercat.io/buy-now/
FAQs
- What is the current price of Troller Cat?
$0.00003684 in Stage 10 of its presale. - How much can a $25,000 investment grow by launch?
It could be up to $340,000, based on the $0.0005309 listing price. - What is Troller Cat’s Game Center?
A beta platform featuring two meme games that power deflationary tokenomics. - Is Troller Cat audited and KYC-verified?
Yes, it is both audited and verified for compliance and transparency. - How many presale stages are there in total?
26 stages, with increasing prices at each level.
Glossary of Key Terms
- Deflationary: A token model where supply decreases over time, typically through burns.
- GameFi: The intersection of gaming and decentralized finance.
- Presale: A token offering before public listing.
- Buyback and Burn: Using funds to repurchase tokens from the market and destroy them.
- Listing Price: The initial exchange price once the token goes live.
- KYC: Know Your Customer, a verification process to ensure legitimacy.
- ROI: Return on Investment; a measure of financial gain.
Blockchain
NEWT Launches with Massive $60M Airdrop to Community

In a bold move shaking up the crypto space, NEWT ($NEWT) has officially launched, making headlines by distributing over $60 million worth of tokens through a massive community airdrop. This initiative marks one of the largest token giveaways in recent blockchain history, reflecting the project’s commitment to decentralization and early supporter rewards.
The airdrop was designed to reward active Web3 users and early ecosystem participants, with tokens distributed to a wide range of wallets based on past on-chain activity. By doing so, NEWT aims to empower its user base and stimulate early adoption of its protocol.
NEWT is positioning itself as a next-generation DeFi infrastructure layer, aiming to streamline liquidity, governance, and interoperability across decentralized platforms. The project’s team has emphasized transparency and community-first principles, which are clearly reflected in the scale and scope of this airdrop.
The $NEWT token will serve multiple purposes within the ecosystem, including staking, governance, and protocol fee rewards. With its smart tokenomics and strong initial momentum, industry analysts are already watching NEWT as a potential breakout project in the 2025 cycle.
Community members can check their eligibility and claim their tokens directly via NEWT’s official website. The claim window is open for a limited time, underscoring the urgency for users to act quickly.
As the dust settles from the airdrop frenzy, all eyes are on what NEWT builds next.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and involve significant risk. Readers are advised to conduct their own research or consult with a financial advisor before making any investment decisions.
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