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Category: Cryptocurrencies
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Bears positioned to take the lead as $930M in Bitcoin options expire Friday
Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in tomorrow’s $930 million expiry.
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Bitcoin whale who sold at $58K has reaccumulated 3,521 BTC
The whale sold off 3,000 BTC on May 9 for an average price of $58,503.39. They began to reaccumulate less than one week later.
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Exchange inflows, on-chain data show retail traders fueled Bitcoin’s selloff
Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip.
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US Treasury proposes crypto transactions over $10K be reported to IRS
Saying crypto posed “a significant detection problem by facilitating illegal activity,” the government body specifically mentioned crypto businesses were in its crosshairs.
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Bear market? Analyst weighs in after Bitcoin drops 50% from its $65K all-time high
Analysts have mixed opinions now that Bitcoin price trades 40% away from its all-time high. ExoAlpha CIO David Lifchitz gives his take on what happened and what’s next for BTC.
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NFT market projected to double by October as trading volume surges
Using a linear regression method, analysts at Invezz have determined that NFT trade volumes could rise to $125.9 million in July and $175.2 million in October.
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State digital currency to get more trust than crypto, says Russian ex-PM
Former Russian prime minister and president Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs.
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US Fed, OCC and FDIC to set up interagency team for crypto regulations
American financial regulators are considering establishing an “interagency policy sprint team” to address fragmented cryptocurrency regulations.
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Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative
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