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Bitcoin (BTC) ‘Basis Trade’ Liquidation Led to Recent $4B ETF Outflows

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The US-listed spot bitcoin BTC$93,047.95 exchange-traded funds (ETFs) saw billions in outflows in recent weeks amid a 35% price drop from $125,000 to the low $80,000s, sparking talk of institutional capitulation. Still, data analysis from Amberdata presents a far more nuanced picture: concentrated redemptions from “basis trading” or arbitrage bet closings, not broad panic across […]

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MoneyGram Taps Fireblocks to Expand Use of Stablecoin in Global Payments and Treasury Ops

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MoneyGram has tapped Fireblocks to bring stablecoin-powered payments and real-time treasury tools to its global network, the companies said Thursday. The payments company, which processes transfers across more than 200 countries, will use Fireblocks’ digital asset infrastructure to improve its internal operations and settlement flows. That includes enabling stablecoin transfers across multiple blockchains, streamlining how

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Axelar unveils AgentFlux to bring AI agents on-chain

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Axelar unveiled AgentFlux, an open source framework designed to run AI agents locally while keeping private keys, trading strategies and client data off the cloud — a pitch aimed squarely at institutions exploring onchain financing but wary of privacy risks. Developed by Interop Labs, the team behind the Axelar network, AgentFlux lets financial firms implement

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Malaysian Force to Shut Down Bitcoin Mining Rig That Stole $1.1B USD in electricity

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Malaysian authorities formed a joint task force that used high-tech drones and police on the ground to find and shut down nearly 14,000 illegal Bitcoin mining rigs, according to a Bloomberg report on Thursday. Drones hover over buildings looking for thermal heat signatures, while police on the ground scan areas with sensors that detect illegal

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All Eyes on Ether (ETH) Price vs Bitcoin (BTC): Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Move over crypto USD pairs. Like bitcoin BTC$93,015.74 and the broader market consolidates on recent gains, this may be the ideal time to focus on cross pairs, particularly the ether-bitcoin (ETH/BTC) ratio. Ether ETH$3,191.19 has gained more than 4% over the past 24 hours, approaching $3,200,

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Citadel calls on the SEC to scrutinize DeFi protocols, drawing strong backlash from the crypto industry

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Citadel Securities urged the US Securities and Exchange Commission (SEC) to take a cautious approach to decentralized finance (DeFI), arguing that certain systems that trade tokenized US stocks may resemble regulated market infrastructure and should be evaluated accordingly. The crypto industry took to social media to express its outrage after the Dec. 2 letter, submitted

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