The Hyperliquid whale that banked $192 million shorting the recent market crash has doubled down on their new short position, having now loaded up almost half a billion over the past two days. According to data from Hyperliquid block explorer Hypurrscan, the whale now has a short position worth around $496 million, at 10x leverage…
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Bitcoin Core developers saw a mixed reaction from the Bitcoin community as they announced the release of their v30 update, bringing forward a host of node-related changes to architecture, performance, and security. The key changes brought forward in Bitcoin Core 30.0 are the introduction of optional encrypted connections between nodes for better privacy and…
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The UK government has finally lifted its ban on crypto exchange-traded notes, citing a maturation of the industry and a greater understanding of digital asset products. In an announcement on Wednesday, the Financial Conduct Authority (FCA) outlined that retail investors can now access crypto ETNs via FCA-approved exchanges based in the UK A crypto exchange-traded…
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Crypto-friendly US Senator Cynthia Lummis has confirmed that acquiring funds for the US Strategic Bitcoin Reserve (SBR) can “start anytime” now, though legislative red tape is holding it back. In an X post on Monday, Lummis said that while it remains a “slog” on the legislative side of things, thanks to “President Trump, the acquisition…
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While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%. In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has…
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Etsy witches have become a massive trend on social media this year — from romance spells to helping manifest fame. Did you know they can also apparently help you become a crypto millionaire? The practice of witchcraft, once punishable by death by fire (or being pushed off a cliff), has become a talking point on…
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The White House has withdrawn Brian Quintenz as Donald Trump’s pick to chair the commodities regulator, Politico reports. News COINTELEGRAPH IN YOUR SOCIAL FEED The Trump administration has reportedly pulled Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission. Politico reported on Tuesday, citing two people who knew of the decision ahead of its…
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Wisconsin lawmakers have introduced a bill on Monday that, if enacted, would exempt individuals and businesses in the state from requiring money transmitter licenses to participate in mining, staking and exchanging digital assets. According to a document from the Wisconsin Legislative Reference Bureau, the bill seeks to clearly define exemptions from requiring a license from…
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Bitcoin mining company CleanSpark rallied 5% in after-hours trading after announcing on Monday that it had secured a $100M financing deal with institutional-investor focused Coinbase Prime. The deal sees CleanSpark secure further credit from Coinbase Prime by using a portion of its 13,000 total Bitcoin (BTC) holdings as collateral. It will utilize the capital to…
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With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024. During a speech at the 2023 Australia Crypto Convention on Nov. 10, Saylor was asked to give his outlook for Bitcoin and its ecosystem…
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