Category: crypto
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Hong Kong sets new rules allowing staking services for crypto firms and ETFs
The Securities and Futures Commission (SFC) in Hong Kong has released new guidelines permitting licensed Virtual Asset Trading Platforms (VATPs) and exchange-traded funds (ETFs) to offer staking services. The new rules require strict internal controls for VATPs to manage risks, avoid conflicts of interest, and ensure transparency. ETFs must disclose staking information to investors.
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Bitcoin dominance could reach 70% as financial uncertainty grows
Arthur Hayes, co-founder of BitMEX, predicts Bitcoin’s dominance will rise to 70% amid global financial uncertainty. Stock markets worldwide have suffered due to tariffs imposed by the Trump administration, leading to panic and significant losses. Hayes believes Bitcoin will become a more significant asset in a distrustful financial system, potentially reaching $1 million.
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Bitcoin plummets $9k as Trump’s tariffs spark over $1B liquidation frenzy
Bitcoin experienced a sharp drop from $83,000 to $74,000 overnight, leading to over $1.36 billion in liquidations across digital asset markets. The decline was attributed to escalating trade tensions and sweeping tariffs announced by President Trump. More than 441,000 traders were liquidated, with Bitcoin and Ethereum seeing the largest losses. The market turmoil also affected…
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Solana slides under $100 amid global trade tensions and on-chain activity slump
Solana (SOL) experienced a sharp decline in the past 24 hours, falling below $100 due to market uncertainty and sell pressure. The drop wiped out leveraged positions and was attributed to concerns over global trade disputes. On-chain activity for Solana has also decreased, with a decline in key metrics and a drop in DEX market…
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Aave DAO greenlights $1 million weekly token buyback amid market decline
Aave DAO has approved a $1 million token buyback initiative to strengthen tokenomics and align incentives. Despite a 21% drop in AAVE’s market value, the proposal received overwhelming support. The program will be executed in phases, with safeguards and oversight in place. It may be extended beyond the initial six-month timeline if successful.
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Could it strengthen US dollar dominance?
Stablecoin regulation in the US is gaining momentum with three competing bills aiming to define the future of digital dollars. The GENIUS Act and STABLE Act establish federal licensing frameworks for stablecoins, with a focus on consumer protection. Clear regulations could increase adoption of US-backed stablecoins and solidify the dollar’s dominance in the global market.
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US may withdraw support for Argentina if it continues accord with China
The United States is conditioning its support for Argentina’s IMF negotiations on President Milei severing ties with China, including ending a currency swap agreement. This move is seen as a strategic effort to counter China’s influence in the region. Argentina has high inflation rates and has requested a $20 billion loan from the IMF. The…
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David Sacks says Meta’s open-source Llama 4 puts U.S. in the lead in AI race
Meta’s launch of two AI Llama 4 models has positioned the U.S. as a leader in the AI race, according to David Sacks, the U.S. AI and crypto czar. The models, Llama 4 Scout and Llama 4 Maverick, are open-source and aim to outperform competitors like DeepSeek and OpenAI’s ChatGPT.
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Can the ‘world computer’ reverse its fortunes?
Ethereum’s market dominance has dropped to a five-year low, facing challenges in maintaining its position as the top altcoin. Bitcoin’s rising dominance and Ethereum’s struggle to attract new investments despite network upgrades have contributed to this decline. Ethereum’s future relies on strategic innovation and adaptability in a competitive market.
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ZK can lock AI’s pandora’s box
Artificial intelligence is reshaping industries with autonomous AI agents. However, risks arise when AI agents communicate and share sensitive data. Zero-knowledge proofs (ZKPs) offer a solution by verifying compliance and protecting privacy without exposing raw data. ZKPs ensure AI agents follow rules and are trained correctly, promoting trust in AI-driven systems.