CRYPTO
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Crypto.com gets into Prediction Markets through High Roller
The crypto exchange’s move could signal a challenge to platforms like Kalshi through the integration of prediction markets, expected to be a $1 trillion market by 2030. Crypto.com has signed a definitive agreement with online casino company High Roller Technologies as part of the cryptocurrency exchange’s move into prediction markets in a challenge to companies like Kalshi and Polymarket. In…
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Bitcoin Sees High Open Interest, Low Funding Rates In New Short Squeeze Cue
Bitcoin (BTC) is due a classic “short squeeze” as open interest hits five-week highs, says new analysis. Key points: Bitcoin is seeing a combination of rising open interest and negative funding rates. The result could punish short positions, with funding rates at the most negative since early February. Large-scale Bitcoin speculators are net long BTC again. Bitcoin short squeeze likelihood…
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Bitcoin Price Targets $90K as Bulls Buy BTC Aggressively on Binance
Market analysts say Bitcoin’s (BTC) is building up after its 7% rally above $72,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving macro sentiment. Key takeaways: BTC price builds a bullish structure after reclaiming $72,000, as a symmetrical triangle breakout targets $90,000. Binance taker buy volume exploded by $2.7 billion in two hours after the US-Iran ceasefire,…
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Bitcoin and USD Benefit Each Other — Bitcoin Policy Institute Exec
US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin Policy Institute (BPI), a Washington DC-based digital asset advocacy organization. “Bitcoin is beneficial to the US system because the largest Bitcoin trading pair is BTC/USD,” or Tether’s USDt (USDT) stablecoin, which is backed by cash deposits…
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Ether Risks $1.7K Retest As Traders Fail To Overcome Key Resistance Zone
Ether (ETH) price may be at risk of a correction to new year-to-date lows, especially if the bulls fail to secure daily candle closes above the $2,150 to $2,400 range. Ether’s price action continues to be driven by US and global macroeconomic events, along with investors’ appetite for risk assets during the US and Israel-Iran war. As data shows more…
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Bitcoin Accumulation Rises As BTC Miner Selling Cools Near $65K
Bitcoin (BTC) demand from long-term holders increased by 48.5% over the past seven days. This rise in accumulation coincided with a sharp decline in Bitcoin miners’ selling activity, as the Miners’ Position Index (MPI) dropped to levels last seen in 2024. The development highlights a phase where long-term participants are steadily absorbing Bitcoin, while selling from the miners continues to…
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US Lawmakers Publish Competing Crypto Tax Bill Proposal
US Representatives Max Miller and Steven Horsford published a discussion draft bill on Thursday titled the ‘‘Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act’’ or the ‘‘Digital Asset PARITY Act,” to overhaul the tax code for digital assets. The Digital Asset PARITY Act seeks to overhaul the Internal Revenue Code of 1986 by adding provisions that would clarify…
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Lombard, Bitwise Partner to Unlock Bitcoin Yield Without Custody Transfer
Lombard, a company building Bitcoin-based lending infrastructure, will team with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin (BTC) without moving assets out of custody, aiming to unlock hundreds of billions of dollars in Bitcoin held in institutional custody. The partnership was announced Tuesday at the Digital Asset Summit in New York. Jacob Phillips, CEO…
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SEC Crypto Guidance Is a Major Step, but More Is Needed: Analyst
The recent guidance from the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission establishing a taxonomy for digital assets put a “final nail” in the coffin of SEC policy under former Chairman Gary Gensler, according to Alex Thorn, the head of firmwide research at investment firm Galaxy. The SEC guidance, published on Tuesday, established a…
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Bitcoin Chases $72K After Fed Decides To Hold Rates: Is BTC Selling Over?
Bitcoin’s (BTC) bullish start to the week faced a halt on Wednesday, as BTC dropped 3.4% to $70,900 alongside an overarching sell-off in US stocks. The correction followed a hotter-than-expected Producer Price Index (PPI) report, which was 0.7% higher than the 3.4% year-on-year estimate. Despite the selling, data shows BTC spot market demand holding steady, with buyers stepping in to…
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