Tether, the issuer of the world’s largest stablecoin by market capitalization, continues its buying spree with its 32% stake acquisition in Canada’s public gold royalty firm Elemental Altus Royalties. Tether Investments on Thursday announced the acquisition of 78,421,780 common shares of Elemental (ELE) from La Mancha Investments, representing 31.9% of Elemental’s issued and outstanding shares.…
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Key points: Bitcoin hits its anticipated $107,000 low before heading higher as US inflation data boosts bulls. US dollar strength suffers as inflation continues to slow beyond expectations. BTC price expectations include new all-time highs before the end of the month. Bitcoin (BTC) bounced near $107,000 at the June 12 Wall Street open as slowing…
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What the August 2024 crypto crash revealed about global systemic risk Crypto markets sold off sharply in August 2024 in response to global macro dislocation caused by Japan’s fiscal crisis, underscoring their sensitivity to liquidity shocks and systemic risk. In the first week of August 2024, Bitcoin (BTC) plummeted nearly 17% from its all-time high…
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Crypto is getting more normal, from the number of people who use it to the type of people who use it, according to a new report. While Bitcoin (BTC) and crypto news have concentrated on politics and institutions as of late, showing governmental policy becoming more accepting and traditional finance avenues like ETFs being the…
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Bitcoin’s institutional adoption is seeing a new wave of corporate investments, which stand to benefit from more global uncertainty before a trade agreement is finalized or a controversial US spending bill is passed. US President Donald Trump is pushing forward the “One Big Beautiful Bill Act,” which he says would cut as much as $1.6…
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Hong Kong Customs and Excise Department is partnering with the University of Hong Kong to develop a digital tool to track cryptocurrency transactions in suspected money laundering schemes. On Thursday, Assistant Commissioner Mario Wong Ho-yin said customs officials would expand collaboration with academics, regional finance professionals and law enforcement to counteract increasingly complex and borderless…
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Key takeaways Grok 3 adjusts its predictions based on evolving market trends by analyzing real-time data patterns. Combining technical analysis with sentiment data improves accuracy; Grok 3 effectively identifies potential trade opportunities. Backtesting strategies before live trading is crucial; testing Grok 3’s prompts using historical data helps refine conditions and improve performance. While Grok 3…
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Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, will raise $800 million to establish a Bitcoin treasury reserve, as more corporations are embracing the world’s first cryptocurrency. The fintech company plans to raise $800 million to establish a “long-term” Bitcoin (BTC) treasury reserve, which will be integrated in its digital reserve…
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The Financial Stability Board (FSB) is sounding the alarm on growing risks from the crypto sector, warning that interlinkages with traditional finance are nearing a critical threshold. Speaking in Madrid on Thursday, outgoing FSB Chair Klaas Knot said that while crypto does not yet pose a systemic risk to traditional finance, that status may not…
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Binance, one of the world’s largest crypto exchanges, has become one of the first crypto trading platforms to launch in Syria after the easing of US and European Union sanctions in May. Syrian residents are now able to access Binance’s platform and trade crypto assets like Bitcoin (BTC), the company announced on June 12. The…
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