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Winklevoss-backed Gemini wins CFTC approval to offer prediction markets in US

Gemini Space Station, Inc. (GEMI) said its subsidiary Gemini Titan, LLC has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM), allowing the company to offer regulated prediction markets to U.S. customers, according to a press release issued Wednesday. According to the release, Gemini first applied […]

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Why is crypto down today? ETH, SOL and DOGE collapse after Bitcoin breakout earlier this week

Bitcoin BTC$90,326.39 slipped toward $90,000 on Thursday as crypto markets reversed much of Tuesday’s rebound, with overall risk appetite weakening despite the Federal Reserve’s widely expected rate cut and Treasury’s resumption of buying. Major tokens extended their weekly losses and more than $514 million in leveraged positions were wiped out over the past day as

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Bitcoin and Ether Drop Lead to $370 Million in Long Liquidations

Crypto markets absorbed one of their largest leverage resets in recent weeks in the past 24 hours, with more than $514 million in positions liquidated over 24 hours, as a sharp intraday swing triggered forced selling on major derivatives platforms. Data from CoinGlass shows that long positions accounted for $376 million of the total, nearly

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ICP slides towards support as intraday breakdown resets technical structure

ICP fell 5% in 24 hours to $3.4945, reversing early attempts to regain lost ground and falling below several near-term support levels. The token briefly traded as high as $3.7605 before momentum faded and a broad retracement caused the price to fall steadily, according to CoinDesk Research’s technical analysis data model. The 24-hour trading window

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Bitcoin (BTC) Weakness Hits Ripples Even as ETF Flows Remain Strong

Institutional flows surged more than 50% above trend on Wednesday as XRP failed to break through the $2.09 to $2.10 ceiling again. Sellers knocked the token off resistance and forced a sharp move back into the psychological $2.00 plateau, leaving the broader structure stuck in a multi-week squeeze while ETF inflows quietly tighten supply below.

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Democrats’ latest memo exposes new flaws in Senate bill

After weeks of tight negotiations between the parties, Senate Democrats presented their latest counteroffer on the crypto market structure bill, outlining a set of demands resembling those they first laid out in a public memo in September and potentially revealing the true depth of the division within the Senate. The summary shared this week and

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Bhutan launches sovereign gold-backed TER token

Bhutan is expanding its national blockchain strategy with a gold-backed digital token issued by Gelephu Mindfulness City and backed by the Kingdom’s sovereign framework. The TER token is designed to serve as a new bridge between traditional stores of value and blockchain-based finance, according to an emailed announcement Thursday. The tokens are issued on Solana,

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Fed Cut Brings Little Volatility as Bitcoin Waits for Japan

Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed overview of US markets, see Crypto Daybook Americas from CoinDesk. Bitcoin held firm as Hong Kong began its business

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Surf raises $15 million to create an AI model suitable for crypto research

Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company announced in a press release on Wednesday. The San Francisco-based startup said the funds will be used to create Surf

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