Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to an exchange to issue utility tokens, according to a Friday statement. Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would…
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Key takeaways: Open interest in Bitcoin futures and options has ballooned to $96 billion, up sharply from 2022 levels. Elevated speculative leverage fuels BTC’s bullish breakouts, but it also raises the risk of cascading liquidations, reminiscent of 2021 volatility. Stablecoin-margined collateral now dominates over crypto-margined positions, helping mitigate volatility shocks amid heightened trading activity. Bitcoin’s…
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The government of Norway is considering a temporary ban on crypto mining in the country in an effort to “free up power, network capacity and area for other purposes.” In a Friday notice, the Norwegian government said it would be conducting an investigation in autumn that could result in a temporary ban on crypto mining…
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The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart. In a social media post on Friday, Seffart said he and Balchunas have raised their odds…
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France has reportedly seen another incident targeting cryptocurrency users, this time involving the kidnapping of a 23-year-old man in a Paris suburb. According to a Thursday report from French news outlet Le Parisien, the victim was abducted in Maisons-Alfort and held captive for several hours while the perpetrators demanded his partner to turn over 5,000…
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Key points: Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move. Several major altcoins are showing weakness, suggesting that a wider trend reversal could be at play. Bitcoin’s (BTC) volatility increased on Friday, but the price remains stuck inside the large $100,000 to $111,980 range. Market…
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Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income. A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices.…
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Bitcoin may hold above $100,000 throughout summer, but seasonal trading data suggests minimal upside in Q3. Source link
Key takeaways: The Federal Reserve may cut rates early if global trade, the energy supply or the US relationship with the Middle East deteriorates. A weakening dollar could be followed by an acceleration in Bitcoin price. The United States Federal Reserve (Fed) held interest rates steady at 4.25% on Wednesday, a decision that had been…
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Key takeaways: Bitcoin price trades 6% below all-time highs, but several market signals suggest more upside ahead. Bitcoin is poised for a breakout to all-time highs if a key resistance level at $108,000 is broken. Bitcoin (BTC) price has rebounded 10% since June 5, reaching near-all-time highs at $110,800 on June 9. Meanwhile, analysts say…
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