Category: crypto
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Strategy and Metaplanet purchase combined 15,000 BTC for nearly $1.5 billion as Bitcoin rallies
Bitcoin’s price is rising as macroeconomic pressures ease, attracting interest from institutional investors. Japan’s Metaplanet and US-based Strategy recently bought large amounts of Bitcoin, increasing their holdings significantly. Metaplanet now holds more Bitcoin than El Salvador, with a growing conviction in the digital asset. Strategy, led by Michael Saylor, has also stacked up a large…
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Pi Network’s market cap leaps $7 billion as token skyrockets 110% in a week amid market buzz
Pi Network’s token has seen a significant increase in value, rising over 110% in just one week to reach a market capitalization of nearly $11 billion. This growth is driven by positive market sentiment and speculation surrounding an upcoming ecosystem announcement. However, industry skepticism and concerns about a large volume of token unlocks remain.
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XRP outperforms crypto market with 10% jump as open interest surges past $5B
XRP has surged over 10% in the past 24 hours, reaching $2.59, its highest price since March. This rise triggered over $20 million in liquidations across derivatives platforms. XRP’s open interest in futures has increased, signaling growing trader confidence. The surge is attributed to legal victories, institutional interest, and potential ETF approval.
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AI search startup Perplexity on track for massive $14 billion valuation – WSJ
Perplexity, an AI search startup, is in talks to raise $500 million, valuing the company at $14 billion. The funding round may be led by Accel and Nvidia. Perplexity’s growth is driven by its unique search technology, attracting users seeking fast, reliable search alternatives. Apple integration and potential crypto integrations are also on the horizon.
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China confirms US tariff suspension, Bitcoin nears ATH with huge green candle to $105k
Bitcoin started the week strong, reaching $105,705 in early Monday trading, close to January’s all-time high. The surge was fueled by positive US-China trade negotiations news and a risk-on market environment. Bitcoin’s correlation with global assets suggests it is now seen as a macro asset rather than a defensive hedge. The $105,000 level is key,…
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Hyperliquid hits $6B in open interest as Bitcoin tests $105k near price discovery
Decentralized trading platform Hyperliquid reached a new high of $6 billion in open interest, with Bitcoin holding the dominant position. The platform’s rising numbers indicate increased market participation and favoritism among traders for decentralized platforms. Despite its growth, Hyperliquid has faced scrutiny over some activities, but its performance and reliability are defended by some traders.
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FTX EU victims can now withdraw trapped Euros via Backpack but crypto withdrawals remain blocked
Backpack has opened the withdrawal window for former FTX EU customers, allowing them to access their frozen euro balances. Customers must complete a two-step process on the platform to claim their funds, with withdrawal fees set by banking partners. Delays may occur due to high traffic and banking limits.
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Institutional investors contributed $882 million globally to surge in crypto investments last week
Institutional interest in digital assets is growing, with $882 million in inflows to crypto investment products last week. Total digital asset investments in 2025 have reached $6.7 billion, nearing the February high of $7.3 billion. Factors like global money supply growth, US economic concerns, and government support for Bitcoin are driving this trend. US Bitcoin…
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Crypto’s energy problem may have a DePIN solution
Ruchir Punjabi, Co-Founder at ReNRG.Crypto, discusses how the crypto industry has an energy reputation problem due to its carbon footprint. He proposes using Decentralized Physical Infrastructure Networks (DePINs) to bridge the gap between digital and physical worlds, allowing for efficient energy distribution and democratizing energy ownership. Challenges include upfront investment and data security, but the…
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Yat Siu on building web3’s most influential unicorn
Slate Sundays is a weekly feature on CryptoSlate featuring interviews, analysis, and op-eds exploring the future of crypto. Yat Siu, co-founder of Animoca Brands, discusses his journey from music to tech, experiences with extreme capitalism, and his vision for stakeholder capitalism through web3. He emphasizes resilience and conviction in navigating the volatile crypto space.