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Tom Lee touts ETH as a ‘wartime store of value’ as Bitmine (BMNR) buys more

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Bitmine Immersion Technologies (BMNR), the ether (ETH) treasury company led by Chairman Thomas “Tom” Lee, purchased 101,901 ETH last week, bringing its total holdings above 5 million tokens of the second-largest cryptocurrency. The purchase brought the company’s ETH treasury to 5,078,386 tokens, or approximately 4.21% of the circulating ether supply, according to a Monday update. […]

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Pudgy Penguins rally coincides with token unlock as analysts flag liquidity risk

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The recent rally of the Pudgy Penguins could be a breakthrough driven by ecosystem dynamics. The move appears to have benefited long-term holders in unexpected ways, according to on-chain data. According to Bradley Park, founder of DNTV Research, this increase may have provided liquidity, meaning enough buyers in the market, for large holders to sell

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EU releases 20th sanctions package against Russia introducing specific bans on crypto

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The European Union (EU) has released its “largest package” of sanctions against Russia in two years, calling them broad and restrictive. They are specifically targeting crypto with a complete ban on providers and platforms established in that country. “Russia is increasingly dependent on cryptocurrencies for international transactions,” the EU said in an April 23 statement.

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BTC Price Hits Wall at $80,000, Analyst Says Setback Is Temporary: Crypto Daily

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Bitcoin BTC$77,785.28 is doing that familiar dance just below a big round number, $80,000, locked in by sellers even as new stable coin liquidity, ETF demand and a risky stock market suggest the breakout may be delayed rather than denied. The leading cryptocurrency briefly climbed above $79,000 during Asian trading hours before recently falling back

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China’s economy begins to show cracks due to war in Iran

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Rising oil and natural gas prices caused by the war in Iran are beginning to weigh on China’s economy, further slowing already anemic consumer spending and hurting key export sectors. Car sales fell in March and plunged again in April. Restaurants and hotels are seeing fewer customers as households become cautious. In southern China, thousands

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Crypto week ahead

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Markets leave April with a plethora of macroeconomic events to watch. Four major central banks, the Bank of Japan, the US Federal Reserve, the European Central Bank and the Bank of England, all set their interest rate policies this week. Above is a list of U.S. data, including first-quarter GDP and March PCE inflation, as

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What is Paul Sztorc’s Bitcoin “eCash” hard fork and how it affects BTC?

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Longtime Bitcoin developer Paul Sztorc has been trying to overhaul Bitcoin’s architecture since 2015, but the broader community hasn’t budged. So now it has proposed a dramatic step, called eCash hardfork, that involves copying Bitcoin’s code to launch a separate version in August, while giving existing Bitcoin holders equivalent tokens in the new network for

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Pudgy Penguins and BAYC mask shrinking NFT market as volumes and users fall

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Non-fungible tokens (NFTs) are recovering, and for those obsessed with rising prices, the market may seem booming. The overall activity, however, tells a different story. Leading the rally are the Bored Ape Yacht Club and Pudgy Penguins. Their floor prices, the lowest possible acquisition cost, have soared by double digits in recent weeks, and their

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