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BTC tests $80,000 as Asia supply fades and Hong Kong AI IPOs surge

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Bitcoin begins the trading day in Hong Kong below $80,000, according to CoinDesk market data, as the market once again tests a level that has repeatedly plateaued higher in recent sessions. Price action remains limited just below the short-term holder’s realized price of $80,700, a key on-chain level now acting as near-term resistance, Glassnode said […]

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Bitcoin Falls to $79,000, ETH, SOL and DOGE Down Sharply on Renewed US-Iran Tensions

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Bitcoin fell to $79,074 late Monday in Asian time, falling nearly $1,500 from the intraday high of $80,594 that marked the highest reading since Jan. 31. The setback comes as Iran’s Fars news agency claimed two missiles hit a US patrol boat near Jask Island, after the vessel reportedly ignored Iranian warnings to leave its

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Bitcoin stagnates at almost $80,000. Stock and ETF Inflows Still Point to Breakout: Crypto Daily

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Bitcoin BTC$80,148.25 returned to $79,000 after briefly surpassing $80,000 during Asian hours. At the time of writing, the leading cryptocurrency by market value was still up 0.4% over 24 hours. The CoinDesk 20 Index rose 0.4% alongside a nearly 1% rise in Ether (ETH) and marginal gains in XRP (XRP) and Solana (SOL). According to

Bitcoin stagnates at almost $80,000. Stock and ETF Inflows Still Point to Breakout: Crypto Daily Read More »

Kraken parent company Payward alleges $25 million in crypto custody fraud in a lawsuit against Etana and the company’s CEO.

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Payward, the parent company of crypto exchange Kraken, has accused former custodial partner Etana and its CEO, Dion Brandon Russell, of embezzling more than $25 million in customer funds, according to a second amended complaint filed Monday in U.S. District Court in Colorado. The crypto exchange alleges that Etana Custody, which is undergoing court-supervised liquidation

Kraken parent company Payward alleges $25 million in crypto custody fraud in a lawsuit against Etana and the company’s CEO. Read More »

GameStop’s eBay bid calls future of $368 million bitcoin stash into question

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GameStop (GME) is aiming for a major expansion with a proposed $55.5 billion acquisition of online marketplace eBay (EBAY), raising new questions about whether its Bitcoin BTC$79,948.23 the assets could help finance the transaction. The video game retailer, which holds approximately $368 million in BTC, submitted a non-binding offer on Sunday to buy eBay for

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Hut 8 Lowers Bitcoin Credit Costs with FalconX Refinancing, Freeing Up 3,300 BTC of Collateral

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Hut 8 (HUT), a Bitcoin miner turned energy computing and AI company, has refinanced its Bitcoin-backed credit facility, replacing its existing Coinbase credit agreement with a new $200 million facility with FalconX. With this new agreement, Hut 8 reduced its fixed interest rate from 9% to 7%, an improvement of 200 basis points, according to

Hut 8 Lowers Bitcoin Credit Costs with FalconX Refinancing, Freeing Up 3,300 BTC of Collateral Read More »

Circle (CRCL) and Coinbase (COIN) Lead Crypto Stock Rally Amid Clarity Act Progress

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Crypto-related stocks rebounded on Monday, led by Circle (CRCL) and Coinbase (COIN), thanks to progress in U.S. digital asset legislation and Bitcoin. BTC$80,294.72 surpassing $80,000 boosted sentiment across the sector. Circle, issuer of the stablecoin USDC, jumped 18%, extending its recent gains, while Coinbase, the U.S.-focused crypto exchange, rose about 7%. BitGo (BTGO), a digital

Circle (CRCL) and Coinbase (COIN) Lead Crypto Stock Rally Amid Clarity Act Progress Read More »

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