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Over 60% of crypto press releases are linked to high-risk or scam projects, study shows

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Crypto press release distribution services have become a tool for dubious projects to bypass third-party controls and create the illusion of legitimacy, a new report from Chainstory shows. The researchers reviewed 2,893 publications sent out between June and November last year. They found that more than 60% came from projects with “classic red flags,” such […]

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Tether scales back $20bn funding ambitions after investor resistance: FT

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Tether has quietly backed away from plans to raise as much as $20 billion in fresh capital after facing investor opposition to a proposed valuation that would rank the stablecoin issuer among the world’s most valuable private companies, according to an FT report on Wednesday. The company, which issues the USDT stablecoin with over $185

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Bitcoin ETF Outflows Deepen As Ether And XRP Funds Quietly Attract Inflows

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Bitcoin exchange-traded funds saw fresh outflows on Tuesday even as ether and XRP-linked products drew net inflows, suggesting a growing divide in how investors are positioning across major cryptoassets amid the latest bout of market volatility. U.S.-listed spot bitcoin ETFs recorded about $272 million in net outflows on Feb. 3, according to data compiled by

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What now for bitcoin, ether, solana traders after BTC jumps to $76,000

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Crypto prices stabilized on Wednesday after a volatile start to the week, tracking a tentative improvement in broader risk-on sentiment, although traders remained cautious on near-term direction. The total crypto market capitalization rose about 1.7% over the past 24 hours to about $2.65 trillion, according to CoinMarketCap data. The recovery followed strong fluctuations earlier in

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Incognito Market founder Rui-Siang Lin sentenced to 30 years in prison in crypto darknet drug marketplace case

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Rui-Siang Lin, the alleged operator of the dark web drug marketplace “Incognito Market,” was sentenced Tuesday to 30 years in U.S. federal prison, according to a statement from the U.S. Attorney’s Office for the Southern District of New York, ending one of the largest online drug market prosecutions since the Silk Road. Lin, a 24-year-old

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Tom Lee Says BitMine’s $6 Billion Ether Paper Loss Is ‘By Design’

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BitMine Immersion chairman Tom Lee pushed back against criticism of its growing paper losses this week, saying the drawdown reflected the design of its ethereum treasury strategy rather than a flaw in execution. In a series of posts on X, Lee said BitMine is built to track the price of ether and outperform it over

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