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ETH Holds Above $4K, Arkham Says ‘BitMine Is Buying It’

Ether ETH$4,027.90 hovered around $4,023 after repeated defenses of the $4,000 level when Arkham said on October 28 that BitMine pulled about $113 million of ETH from Bitgo and “bought the dip.” In a press release issued on October 27, Bitmine Immersion Technologies (BMNR) said its crypto, cash and “moonshots” totaled $14.2 billion, including 3,313,069 […]

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XRP and SOL Futures open interest on CME hits record high

The CME-listed futures linked to XRP$2.6279 and Solana SUN$195.37 Monday saw record interest in a sign of steady demand for regulated products. The global derivatives giant saw a record 9,900 active XRP and micro-XRP contracts on Monday, along with 15,600 open positions in standard and micro-SOL futures. Together, these contracts corresponded to a theoretical open

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Standard Pre-FOMC Pullback and $120K Break Puts $143K in Play, Analysts Say

Bitcoin hovered near $113,000 as traders waited for the Federal Open Market Committee (FOMC) – the Federal Reserve’s rate-setting group – to wrap up its meeting today with Chairman Jerome Powell’s press conference at 6 p.m. 2:30 p.m. ET. Analyst comments Ali Martinez says bitcoin needs to climb above $120,000 to open a path towards

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Solana (SOL) ETFs Could Draw Over $3B If BTC, ETH ETF Trends Repeat

The first US spot exchange-traded funds (ETFs) for Solana SUN$195.10Hedera (HBAR) and LTC$96.98 began trading on Tuesday, opening a new door for investors seeking regulated exposure to crypto assets beyond bitcoin and ether. If early momentum holds, Solana’s ETF alone could pull in more than $3 billion in the first 12 to 18 months, according

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sUSDe Loop trades to a value of DKK 1 billion. USD at risk

After the October 10 market crash that saw massive losses in bitcoin BTC$112,756.46 and other cryptocurrencies, nearly $1 billion in DeFi positions involving Athena’s staked USDe (sUSDe) are now at risk, according to a new report from Sentora Research. Since the crash, Sentora notes that rates in the DeFi markets have fallen significantly, which has

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BTC Holds Ground As Traders Sit On Stablecoins Ahead Of Fed Decision

Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin was trading around $112,100 in early Asian hours, down

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ICP hovers around $3.20 resistance with 115% volume increase

Internet Computer Protocol (ICP) rallied on Tuesday, jumping 1.6% to $3.22 as the token broke through the $3.20 resistance zone. Trading volume rose to 1.26 million tokens, representing a 115% increase over the 24-hour average, according to CoinDesk Research’s technical analysis data model. The rally started around 03:00 UTC, with the ICP posting three consecutive

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BNB falls slightly after $1.65B token burn, eye resistance near $1,150

BNB, the symbol for the BNB Chain, fell in the last 24 hours, even after the blockchain burned 1.44 million BNB, worth about $1.63 billion, by sending them to an inaccessible address, thus removing them from circulation. The coin fluctuated between $1,122 and $1,154 during the period, ultimately falling to $1,137. The recent burn is

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Heather ‘Razzlekhan’ Morgan’s release from prison wasn’t us, White House says

Heather Morgan, one of the married duo convicted in the Bitfinex hack, jumped back on social media last week after getting out of prison, and the up-and-coming rapper known as “Razzlekhan” touted President Donald Trump’s aide in her early release. But a White House official told CoinDesk that it had nothing to do with a

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