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Jane Street asks court to dismiss Terraform claims related to UST-LUNA crash

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Jane Street has asked a US court to dismiss a lawsuit filed by Terraform Labs’ bankruptcy estate, rejecting allegations that the trading company helped trigger the 2022 collapse of stablecoin TerraUSD (UST) and its sister token Luna. In two filings submitted Thursday to the Southern District of New York, Jane Street and several employees said […]

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Researcher wins 1 bitcoin (BTC) for largest quantum attack on elliptic curve to date

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The quantum attack Bitcoin has spent years dealing with, as tomorrow’s problem has become a little less theoretical. Quantum security startup Project Eleven says it has awarded its 1 bitcoin BTC$77,801.50 The Q-Day Prize was awarded to independent researcher Giancarlo Lelli on Friday after he cracked a 15-bit elliptic curve key on publicly available quantum

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Why Everyone, Including Trump, Is Talking About Airline Mergers

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No planes were repainted and no executives were sacked. Yet Wall Street, Washington and the aviation industry can’t stop talking about plans and deals that would fundamentally upend America’s airlines. The sector has been abuzz for weeks over mergers, partnerships and the government’s bailout plan. For what? Years of rising costs and low profits have

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Michael Saylor says BTC winter is over. Market Analyst Disagrees, Says Bitcoin is in Retreat

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Michael Saylor, executive chairman of Strategy (MSTR), the largest publicly traded Bitcoin holder BTC$78,301.16said Thursday on X that the crypto winter was over as bitcoin held above $78,000, a price level first reached early on April 22, according to CoinDesk data. In a Game of Thrones-style image, wearing a fur coat, an item of clothing

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The price of BTC and the US dollar are moving in almost perfect opposition. It hasn’t been this extreme in almost 4 years.

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For Bitcoin BTC$78,187.18 For traders, the direction of the Dollar Index (DXY), a measure of the greenback’s strength against a basket of other currencies, hasn’t mattered this much in nearly four years. Indeed, according to TradingView, the 30-day correlation coefficient between the two now stands at -0.90, the most negative reading since September 2022. A

The price of BTC and the US dollar are moving in almost perfect opposition. It hasn’t been this extreme in almost 4 years. Read More »

BTC price remains stable near $77,500 as derivatives signal slowdown and cautious sentiment

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Cryptocurrency volatility cooled on Friday, with bitcoin BTC$77,667.29 stuck between $77,500 and $78,500 since midnight UTC. The moderate price action follows a failed attempt to break out near $80,000 on Wednesday, although the broader trend remains constructive, with BTC price rising through April and printing a series of higher highs and higher lows. Ether (ETH)

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India Advances Digital Rupee Through Social Protection Pilots as BRICS CBDC Plan Takes Shape

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India is turning to social benefits to drive adoption of its central bank digital currency as it prepares to put CBDC in the spotlight at a summit of BRICS countries later this year. The Reserve Bank of India is running about 10 pilot programs routing part of the country’s roughly $80 billion welfare system through

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US government stake in Intel increases to $35 billion, generating unrealized gain of $26.5 billion

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The U.S. government holds an unrealized gain of about $26.5 billion on its stake in Intel (INTC) after shares of the chipmaker jumped more than 22% in premarket trading Friday, following a stronger-than-expected first-quarter earnings report. The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants

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