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Watch XRP, Plasma, DOGE as BTC Price Slides: Crypto Daily

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Like bitcoin BTC$74,584.91 continues to trade sluggishly near $75,000, several other crypto projects are showing notable development. Among them is XRP (XRP), the payments-focused token used by fintech firm Ripple to facilitate cross-border transactions. US-listed spot XRP ETFs drew more than $17 million in inflows on Wednesday, the most since February 2, according to data […]

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Bitcoin funding rates have turned most negative since 2023, signaling a potential market bottom

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Bitcoin BTC$74,325.48 funding rates have hit their most negative levels since 2023, a signal that has historically coincided with market bottoms, as BTC continues to push higher through $75,000. On a seven-day moving average, funding rates have fallen to around -0.005%, according to Glassnode data. Funding rates are periodic payments exchanged between long and short

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Morgan Stanley charges a fee of 0.14% to withdraw $100 million in the first week

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Morgan Stanley’s (MS) spot bitcoin exchange-traded fund (ETF), trading under the ticker MSBT, has drawn more than $100 million in inflows in its first week on the market, signaling strong early demand for the bank’s latest push into digital assets. The fund, which began trading on April 8, tracks the CoinDesk Bitcoin Benchmark 4 PM

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South Korea to pilot blockchain deposit tokens for government spending in Q4

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South Korea’s Ministry of Economy and Finance will begin testing blockchain-based deposit tokens for public spending in the fourth quarter as part of a broader push to modernize how public funds are managed. The ministry said the pilot project to use treasury funds as digital currency was approved under a 2026 regulatory sandbox program, local

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Bitcoin (BTC) can be used like cash, but capital gains taxes turn even a cup of coffee into a mountain of paperwork

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You can buy a cup of coffee with bitcoin BTC$74,729.38 easy enough in the US – and get a tax headache thrown in for free. The form-filling burden is enough to deter users from using the biggest cryptocurrency to pay for real-world transactions, according to the Cato Institute, a libertarian think tank known for its

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XRP link Ripple partners with Korea’s Kyobo Life to tokenize government bonds

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Ripple said this week that it had partnered with Kyobo Life Insurance, one of Korea’s largest life insurers, to tokenize government bond settlement using the firm’s Ripple Custody platform. According to a release, the deal is Ripple’s first with a Korean insurance institution and is positioned as a step toward compressing Korea’s standard T+2 bond

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Bitcoin is testing a level that capped its rally in January

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Bitcoin’s rally towards $75,000 runs into a supply wall, just as institutional demand holds steady. The move higher is mainly driven by macro flows rather than a broad increase in speculative activity. U.S.-listed spot bitcoin ETFs have continued to draw consistent inflows this month, including about $240 million in a single session following geopolitical tensions

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That’s why bitcoin’s rally is taking a breather near $75,000

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Bitcoin BTC$75,037.84 is up nearly 10% this month, but the rally is running into resistance near $75,000. The pause is notable as US stocks move to record highs. On-chain data shows that holders are selling for strength, which helps explain the slowdown. This is evident from an on-chain indicator called realized profit/loss, which tracks the

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Bitcoin’s quantum debate splits as Adam Back pushes optional upgrades over forced freeze

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The quantum computing threat has some of Bitcoin’s most vocal developers landing in wildly different places. Blockstream CEO Adam Back told attendees at Paris Blockchain Week on Wednesday that Bitcoin developers should start building optional quantum-resistant upgrades now, even though current quantum computers remain “essentially lab experiments” with progress that has been “incremental” over the

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