The recent downward pressure on the cryptocurrency market could be the result of deep holes in the balance sheets of market makers, according to Tom Lee, chairman of Ether treasury company BitMine. Speaking with CNBC on Thursday, Lee suggested that the Oct. 10 market crash, which saw a record $20 billion liquidated from the market,…
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The number of Bitcoin whale wallets has spiked as the crypto markets struggled this week, with Bitcoin sinking as low as $89,550 on Tuesday. Data from the crypto analytics platform Glassnode shows that whales have been accumulating since late October, with a notable spike in the number of Bitcoin whale wallets holding above 1,000 BTC…
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The lawyer for Binance co-founder Changpeng “CZ” Zhao has denied that he somehow paid for a pardon from US President Donald Trump. Appearing on Anthony Pompliano’s “Pomp Podcast” on Friday, CZ’s personal attorney Teresa Goody Guillén described the criticism around CZ’s pardoning as a “pile up of a lot of false statements.” “The media continues…
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US President Donald Trump has signed off on a funding bill passed by the House of Representatives on Wednesday, officially bringing an end to the record 43-day government shutdown. The funding bill went through the Senate on Monday and passed the House of Representatives on Wednesday, with Trump signing the bill just hours later to…
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The longest US government shutdown on record is finally set to conclude, with the House of Representatives voting through a contested funding bill on Wednesday. The bill is now headed to US President Donald Trump, who is expected to sign it Wednesday night. Both Democratic and Republican lawmakers staunchly debated the bill in the House…
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A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran. The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or…
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Block Inc.’s third-quarter earnings missed analyst expectations on the top and bottom lines despite strong profit growth in its Cash App and Square businesses. Source link
Major DeFi protocols on Ethereum have banded together to counter the so-called “outsized influence” of centralized crypto firms on US policymaking. Source link
Miami Mayor Francis Suarez started receiving his salary in Bitcoin four years ago, when Bitcoin was valued at around $64,000. Source link
David Sacks warns that the real threat AI poses is when it is used for government surveillance and information control. Source link