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Polkadot (DOT) falls as token underperforms broader crypto markets

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DOT$1.8901 fell 2% to $1.84 in the last 24 hours. Trading volume was 7.8% above the seven-day moving average of 7.76 million tokens, according to CoinDesk Research’s technical analysis model. The model showed that the movement in DOT occurred without clear fundamental catalysts as technical factors dominated the price action. The token underperformed the broader […]

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MSTR reloads on BTC, acquires another 1,229 BTC for $109 million

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Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$89,558.82resumed purchases after increasing its US dollar reserves to $2.2 billion in the previous week. The company acquired 1,229 bitcoins last week for $108.8 million at an average price of $88,568 per coin, according to a filing published Monday morning. Total holdings rose to 672,497 BTC,

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Sberbank issues Russia’s first bitcoin-backed loan in pilot agreement

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Sberbank, Russia’s second-largest bank, issued the country’s first bitcoin-backed loan to one of its biggest bitcoin miners, calling the transaction a pilot and hinting it was eager to issue more in the future “We believe that this product will not only be relevant for cryptocurrency miners, but also for companies that own cryptocurrencies,” the bank

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Bitcoin price reverses early gains as Nasdaq futures wilt

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Bitcoin BTC$87,613.72 reversed gains made earlier in Asia, puncturing nascent recovery rallies in major alternative cryptocurrencies. The leading cryptocurrency by market capitalization fell below $88,000 after peeking above $90,000, CoinDesk data shows. Major altcoins included XRP$1.8749ether ETH$2,962.00solana SUN$125.16 and DOGE$0.1252 also repeated their course. The CoinDesk 20 index (CD20) retreated to 2,726, about where it

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South Korean financial group Mirae Asset eyes crypto exchange Korbit acquisition: report

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Mirae Asset, a Seoul-based financial group, is considering buying South Korean cryptocurrency exchange Korbit, the Korea Times reported on Monday. The company is in talks to acquire 92% of Korbit for as much as 140 billion won ($97 million), according to the report, which cited industry officials. Offering asset management, wealth management, investment banking and

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Large bitcoin holders have been the main buyers in the $80,000 range

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Bitcoin BTC$87,935.13 whales, or holders of at least 1,000 BTC, have been the dominant buyers since the price of the largest cryptocurrency bottomed out near $80,000 in late November, according to Glassnode data. They remain the strongest accumulators as bitcoin trades just below $90,000. According to Glassnode data, the 1,000-10,000 BTC cohort is the only

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Tokenized silver volumes explode as metal prices rise to record highs

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Interest in silver is spilling over into tokenized markets, with onchain trading volume rising in parallel with activity in futures and exchange-traded funds (ETFs) as the metal experiences volatility after hitting successive record highs throughout the month. Data from RWA.xyz shows that the monthly transfer volume for its tokenized version of the iShares Silver Trust

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Ripple-linked XRP and Cardano need to prove they’re useful beyond just fans, says Mike Novogratz

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Ripple-linked payment token XRP and smart-contract platform ADA$0.3758 must demonstrate true utility beyond loyal communities as the cryptocurrency market matures from hype-driven narratives to fundamentals-focused assets, Galaxy Digital founder and CEO Mike Novogratz said in a recent interview. “Can Ripple keep it together? Can Cardano keep it together?” Novogratz said this during a conversation with

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Digital Yuan holdings to earn interest under China’s new framework

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The People’s Bank of China (PBOC) will launch a new digital yuan framework on January 1 that will let commercial banks pay interest on holdings in one go to encourage wider adoption of the central bank’s digital currency. The so-called “action plan” will shift the digital yuan (e-CNY) from its current role as digital cash

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