Flare Network: 66 million FLR have been destroyed, equivalent to approximately 1.4 million US dollars
Flare Network announced on social media that it has burned 66 million FLR tokens (approximately $1.4 million), with the goal of burning a total of 21 billion tokens by 2026. This will further reduce the circulating supply, and also includes transaction fees and unclaimed rewards.
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Confidence among major Japanese manufacturers hits an eight-year high, fueling expectations for Bank of Japan interest rate hikes.
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