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Stablecoins still dominate despite tokenized funds’ yield advantage: JPMorgan

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Tokenized money market funds still represent only about 5% of the stablecoin universe despite their ability to generate yield, Wall Street bank JPMorgan said in a report published Wednesday. The bank said crypto market participants continue to favor stablecoins as they have become the ecosystem’s default treasury instrument for trading, collateral management, settlement, cross-border payments, […]

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Traders pile into Bitcoin (BTC) calls of $82,000 ahead of May 29 expiration

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Bitcoin BTC$77,640.65 options worth approximately $6.25 billion are set to expire on Deribit on May 29, with positioning data pointing to $75,000 and $80,000 as key levels to watch. The $75,000 strike price represents the highest concentration of puts with a notional value of $394 million, while $80,000 dominates on the call side with $532

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It’s Not All HYPE: Privacy and Quantum-Resistant Coins Rise as Bitcoin Marks Time: Crypto Daily

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This is an excerpt from the CoinDesk “Daybook” newsletter. Register here, if you haven’t already. Bitcoin BTC$77,262.60ether (ETH), Yet there is still a bull market somewhere, and several crypto subsectors have seen impressive gains. Coins associated with derivative protocols, particularly those focused on perpetual futures such as HYPE and LIT, surged 40% or more. HYPE

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HYPE leads crypto rebound as traders position for volatility breakout

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The crypto market showed signs of a cautious recovery on Thursday, with bitcoin BTC$77,640.65 trading at $77,900, up from Tuesday’s low of $76,100, and ether (ETH) at $2,130 after adding just 0.1% since midnight UTC. The altcoin sector remains mixed. While Hyperliquid (HYPE) rose for a fifth straight day, adding 6.5% for a 53% gain

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A crypto whale bet $224,000 that the price of XRP would remain perfectly stable until June

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A massive XRP derivatives play is betting its price won’t go anywhere before the end of June, even as macroeconomic headwinds and regulatory developments suggest a boom in volatility. This move was broadcast on cryptocurrency exchange Deribit as a single block exchange, meaning it was a large transaction executed over-the-counter in a privately negotiated deal

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Giant TradFi IG set to expand crypto trading across Europe

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Trading giant IG (IGG), which began offering cryptocurrency trading in the UK a year ago, has announced plans to expand the service across Europe, without giving a time frame. The London-listed investment platform’s European division will use crypto exchange Bitpanda’s infrastructure – including liquidity, trading connectivity and market data – to provide access to digital

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Trump approved the sale of an Nvidia chip to China. Beijing doesn’t want it.

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When President Trump announced late last year that Nvidia might sell one of its most powerful chips to China, the deal seemed like a rare win-win in a fraying geopolitical relationship. That would provide a major boost to China’s artificial intelligence ambitions, while handing a victory to America’s leading chipmaker. Cutting-edge AI systems run on

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Binance Launches SpaceX Pre-IPO Projects Amid $2 Trillion Valuation Bets

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Binance launched perpetual futures contracts that allow users to trade the anticipated valuations of private companies ahead of their IPO. The first contract to go live is tied to SpaceX, a company expected to debut with a valuation of $2 trillion or more. “Pre-IPO Perpetual Contracts” are designed to provide retail investors with early exposure

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