Coinbase’s Stock Falls as Crypto Market Rally Halts Key Points: – Coinbase, the popular cryptocurrency exchange, experienced a 2.96% drop in its Nasdaq-listed stock on Wednesday. – The…
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There’s a Twist: Potential Fed Rate Cuts Boost Bitcoin’s Bullish Outlook, with One Exception
Breaking Down the Renewed Rate Cuts and Rotating Money Madness Key Points: – The Federal Reserve’s decision to implement renewed rate cuts has historically preceded economic recessions in…
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Source: India’s domestic crypto and Web3 advocacy organization urges action against offshore entities
The Bharat Web3 Association’s Letter to Indian Government: A Crypto Rollercoaster Breaking Down the Highlights of the Letter 1. The Date with Destiny – On December 16, the…
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Bitcoin Miners Dump $129M Worth of BTC in a Single Day, Depleting Reserves to Lowest Level Since May
Bitcoin Miners’ Reserves Plummet as Withdrawals Spike Key Points: Bitcoin miners’ reserves hit the lowest level since May due to a surge in withdrawals to cryptocurrency exchanges. Data…
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Altcoin Profits Lure Traders, Leading to a Decline in Bitcoin’s Share in Crypto Futures Trading
Bitcoin’s Futures Dominance Declines: A Sign of Evolution or Just a Hiccup? Key Points: – Bitcoin’s dominance in the futures market has decreased to 38% from its previous…
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Japan’s Cabinet Suggests Eliminating Corporate Tax on Unrealized Crypto Profits
Prime Minister Fumio Kishida Turns to Crypto Industry for Economic Reform Key Points: – Prime Minister Fumio Kishida’s government aims to encourage the development of the crypto industry…
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Hong Kong Regulators to Review Applications for Spot Crypto ETFs
The SFC and HKMA Issue Statement Amid Speculation of U.S. SEC Approving Bitcoin ETF Key Points: The SFC (Securities and Futures Commission) and HKMA (Hong Kong Monetary Authority)…
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Continuing Meme Coin Frenzy Propels Solana’s Rally Closer to $100
Value Locked on the Blockchain: Doubled and Dazzling! Key Points: – The value locked on various blockchain applications has surged by more than double since November. – The…
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2024 Decentralization Push: Lido’s Trials on ‘Distributed Validator Technology’
Breaking Down the Centralized Power of Validators in Ethereum Key Points: Lido and other validators have acquired a significant amount of power within the Ethereum blockchain, contradicting its…
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China Promises to Provide Clarity on Web3 and NFT Development Journey
Moving Forward: China Embracing Web 3 for Business Innovation Key Points: China’s Ministry of Science and Technology announced its plans to encourage the development of new business models…