Category: crypto
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Bitcoin price rebound to $110,000 wipes out $1 billion short on Hyperliquid
Bitcoin experienced a 3% increase in early Asian trading, reaching $110,256 before settling at $109,652. Market analysts believe the price remains stable due to regulatory support and institutional involvement. A trader on Hyperliquid faced significant losses after placing billion-dollar bets on Bitcoin, but still ended up with a net profit.
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Dubai chooses XRP Ledger (XRPL) for key real estate initiative
The Dubai Land Department has chosen XRP Ledger for a real estate tokenization project, partnering with Dubai Future Foundation, Prypco, and Ctrl Alt. This initiative aims to make property ownership more accessible through fractionalization. With over 3,000 investors interested, the project could drive $16 billion in real estate activity by 2033.
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Europe is sabotaging its digital money
Sveinn Valfells, Co-founder of Monerium, agrees with Mario Draghi that Europe’s tariffs hinder innovation, particularly in the digital service sector. Stablecoins, a form of digital money, have the potential to significantly boost GDP. However, EU regulations like MiCA create unnecessary barriers and favor banks over e-money issuers. Removing these barriers and giving e-money issuers direct…
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Talking beers, bars, and $80 million losses with SportFi pioneer Chiliz’s Max Rabinovitch
Max Rabinovitch, Chief Strategy Officer of Chiliz, brings a down-to-earth approach to the world of cryptocurrency. Chiliz focuses on providing real utility for sports fans through its sports blockchain platform. Despite not chasing the latest trends like NFTs or DeFi, Chiliz has become a mainstream name in football with partnerships with top clubs. Chiliz, known…
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Tether to issue separate stablecoin for U.S. despite ‘getting comfortable’ with the Genius Act, CEO says
Tether CEO Paolo Ardoino is considering creating a separate stablecoin for the U.S. market amid the push for stablecoin legislation. Tether’s main focus is on providing stablecoin services to unbanked individuals in emerging markets. The company is supportive of the GENIUS Act and plans to comply with its regulations.
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staking, liquid staking tokens and vaulted strategies
Vincent Maliepaard, Marketing Director at Sentora, discusses the recent $2 trillion Bitcoin market cap and the lack of interest rewards for holding Bitcoin. Two solutions, native Bitcoin staking and Liquid‑staking tokens, offer ways to earn stable yield on Bitcoin. Lombard Finance’s LBTC is an example of a liquid staking token that allows for mobility and…
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Trump’s controversial memecoin dinner elicited mixed responses from attendees
U.S. President Donald Trump hosted a private dinner gala for the top 220 holders of his memecoin on May 22. The event received mixed responses from attendees, with some criticizing the food and lack of interaction with Trump, while others saw it as a networking opportunity. Some attendees dumped the coin after the event, causing…
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Former IMF chief economist believes crypto is a rising threat to the U.S. Dollar’s dominance
American economist Kenneth Rogoff believes that the rise of crypto threatens the dominance of the U.S. dollar. He states that the underground economy, worth around $20-to-$25 trillion, is increasingly using crypto for transactions, impacting interest rates and national security. Despite challenges, Rogoff believes crypto has value in the global market.
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TRON Network Strengthens Global Payment Infrastructure as Bridge, a Stripe Company, Expands Integration
TRON DAO, a community-governed organization focused on decentralizing the internet through blockchain technology, has announced a strategic integration with Bridge, a stablecoin orchestration platform. This partnership solidifies TRON’s role as a preferred settlement layer for stablecoins, with over $77 billion in USDT on its network. Several enhancements will streamline stablecoin payments for developers.
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How to best leverage LSDFi?
Bitcoin dominance is at a 4-year high, indicating altcoins are struggling. Blockchain technology aims to remove middlemen from financial transactions. LSDFi, a form of liquid staking derivatives finance, is a prime example of financial innovation in DeFi. It allows users to stake assets and generate liquid tokens for use in various DeFi protocols. The complexity…