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Crypto – Page 365 – DIGIT INFO

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Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

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The Chinese government is reportedly launching an “ultra-large-scale blockchain infrastructure platform for the Belt and Road Initiative.” The platform will support the implementation of cross-border cooperation projects along the Belt and Road Initiative and provide the base for developing applications that showcase collaboration across borders. ‘Ultra-Large Scale Blockchain Infrastructure Platform’ The Chinese government has reportedly … Read more

Options Market Sees Unusual Activity Amidst Bitcoin’s Decline

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As Bitcoin prices continued to slide, the options market presented a peculiar scenario with a notable absence of put options being traded.  According to data from Greekslive, the majority of trades yesterday were calls, indicating a bullish sentiment prevailing in the market. The situation was particularly striking in the Ethereum options market, where call option … Read more

LTC Shows Resilience Amidst Bearish Crypto Market Sentiment

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Despite the prevailing bearish sentiment across the cryptocurrency market, Litecoin (LTC) has emerged as a standout performer, surging by 8.9% in the past 24 hours. This impressive rally has propelled LTC ahead of its altcoin counterparts, fueled by a notable increase in transaction volume observed over the past month. ⚡️📈 #Litecoin (+8.9%) is well ahead … Read more

ETF Analyst Comments on ARKB Outflows: A Reality Check for Crypto’s Hodler Class

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In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $39.5 million, even as the ETF ARKB experienced a substantial outflow of $87.5 million. Despite ARKB’s significant outflow surpassing that of GBTC, Grayscale’s Bitcoin Trust also faced a reduction, with approximately $81.9 million being pulled from its funds. … Read more

W Token’s Rollercoaster Day: From $1.25 Low to $1.66 All-Time High

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Following Ethena’s ENA airdrop, the community has shifted its focus on Wormhole’s airdrop W, which has been listed on various centralized exchange platforms and coin market cap aggregators. The new token known as W has seen an extremely volatile day with the price tapping an all-time high at $1.66 per coin. Wormhole’s New Airdrop W … Read more

Double or Nothing: Proshares Unveils BITU and SBIT ETFs for Bullish and Bearish Bitcoin Bets

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On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and … Read more

Ethena’s ENA Token Soars 80% Since Launch, Now a Top 100 Crypto Asset Amid Defi Buzz

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Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid … Read more

Markets Tumble as Fed Rate Cut Expectations Diminish

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Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland Federal Reserve President Loretta Mester has expressed her inability to … Read more

Bitcoin Technical Analysis: Price Consolidates Following Bearish Downturn

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On Wednesday, bitcoin’s trade volume and overall value provided insights into its current technical situation. With a daily trading volume reaching $45.30 billion and a total market value of $1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong. However, recent downturns have left traders wary. Currently, bitcoin has declined by 6% this week … Read more

Aave Proposal Aims to Safeguard Against DAI’s Rapid Market Cap Increase

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The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated by the Aave Chan Initiative (ACI) team, suggests setting the loan-to-value (LTV) ratio for DAI to 0% across all Aave … Read more

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