Category: crypto
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Bitwise CIO downplays price ‘hiccup’ amid Bitcoin bull trend after FOMC shakes markets
Bitcoin’s price dropped following the US Federal Reserve’s rate cut, but experts like Bitwise CIO Matt Hougan are optimistic about its long-term prospects. The Fed’s cut and comments on BTC regulations triggered market reactions, with Bitcoin falling to $98,839 before stabilizing. Despite the pullback, Hougan believes Bitcoin will continue its upward trajectory due to strong…
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Arthur Hayes predicts crypto slump around Donald Trump’s inauguration
BitMEX co-founder Arthur Hayes predicts a potential sharp downturn in the crypto market around the inauguration of US President-elect Donald Trump due to a mismatch between high investor expectations and political realities. He believes Trump’s ability to implement significant changes is limited, and the market may face sell-offs before the 2026 mid-term elections. Hayes emphasizes…
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Metaplanet rides 2200% stock growth wave to enter US market with Bitcoin focus
Japanese Bitcoin investment firm Metaplanet will start trading on the US OTCQX Market on Dec. 19 under ticker MTPLF. The move follows the company’s focus on Bitcoin Treasury Operations, leading to a 7% stock increase on the Japanese exchange. Metaplanet aims to attract global investors and expand its Bitcoin Treasury Strategy.
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Bitget Announces Strategic Collaboration with the TRON Blockchain including the Acquisition of $10M of TRX
Bitget, a global cryptocurrency exchange, announced a strategic collaboration with TRON blockchain, acquiring $10M of TRX token. TRON is popular for onchain global payments with 278M user accounts and $1B in protocol revenue. The collaboration aims to make blockchain technology more accessible and cost-effective globally. TRON DAO focuses on decentralizing the internet.
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El Salvador agrees to scale back Bitcoin policies for $1.4 billion IMF loan
El Salvador has agreed to adjust its Bitcoin policies as part of a $1.4 billion loan from the IMF. The agreement includes reforms to improve the country’s economic situation, with a focus on reducing public debt. The government will scale back Bitcoin-related activities, but continues to purchase one Bitcoin daily.
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Bitwise debuts Solana staking ETP on Deutsche Börse Xetra
Bitwise Asset Management has launched the Bitwise Solana Staking ETP on Deutsche Börse Xetra, providing investors with access to Solana’s staking rewards. The product tracks the Compass Solana Total Return Monthly Index and offers transparency with a total expense ratio of 0.85% annually. Bitwise aims to strengthen its position in Europe’s crypto investment market.
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Bitcoin sees wealth shift from long-term holders to new investors – Glassnode
Bitcoin’s ongoing bull market has seen a transfer of wealth from long-term holders to new investors, with long-term holders realizing record profits while new investors absorb the supply. The market has shown resilience and reduced volatility, with potential for further upside as institutional participation supports price resilience.
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Polygon rejects proposal to bridge funds into Morpho to drive DeFi growth
The Polygon community rejected a proposal to deploy $1.3 billion in stablecoins from its PoS bridge to yield-generating programs on Morpho, citing security and ecosystem risks. Critics warned of potential vulnerabilities and liquidity crises. A dispute with Aave over security concerns ensued, ultimately leading to the proposal’s rejection.
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Ethena Labs introduces sUSDe as collateral for Trump-backed WLFI protocol
Ethena Labs proposed integrating sUSDe stablecoin into World Liberty Financial (WLFI) to boost capital efficiency and liquidity in their Aave instance. sUSDe has become the third-largest stablecoin with a $6.1 billion market cap. The partnership aims to enhance user rewards, increase total value locked, and generate more revenue for WLFI.
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Delhi High Court orders new probe into WazirX amid Binance delisting
Indian crypto exchange WazirX is facing challenges after a Delhi High Court ordered a fresh investigation into the platform following allegations of a hack and financial irregularities. Binance announced it would delist WazirX’s token WRX. Despite recovery efforts, 43% of customer funds remain unrecoverable. The exchange is striving to regain stability amid regulatory scrutiny and…