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SOL falls below key $165 level as technical support cracks

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According to CoinDesk Research’s technical analysis data model, solana GROUND$154.76 fell 3.1% to $164.30 during Tuesday’s session as the token broke through critical technical support levels. SOL rose from $169.54 to $164.26 in the 24-hour period ending November 11 at 09:00 UTC, establishing a clear downtrend structure with several rejection points above $170. The selling […]

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Bitcoin (BTC) and Ether (ETH) prices hold steady as traders prepare for the next big move

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The crypto market consolidated on Tuesday with bitcoin BTC$103,379.17 and ether ETH$3,443.14 trading at $105,000 and $3,550 respectively. Traders monitor prices to see if they form a lower high, signaling a downtrend, or if they continue to rally. A fall below $98,000 for bitcoin would confirm the bearish scenario, while a move above the November

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Bitcoin ETFs bring in $300 million as traders rush to buy the dip

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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 look at US markets, check out CoinDesk’s Crypto Daybook Americas. Bitcoin ETFs ended a two-week buying streak late Tuesday

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SoFi Launches Cryptocurrency Trading, Citing “Bank-Level Confidence” as a Key Advantage

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SoFi has become the first nationally chartered consumer bank in the United States to launch app-based cryptocurrency trading, adding access to Bitcoin, Ethereum and Solana to its growing suite of financial services. The company announced the launch of SoFi Crypto on Tuesday, marking a significant expansion of its all-in-one financial platform. Customers will now be

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Tokenized lending platform aims to modernize small bank lending

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Fintech provider FIS and structured finance platform Intain deploy blockchain-based marketplace built on AVAX$17.13 which allows regional and community banks to securitize and sell loan portfolios directly to institutional investors, the companies told CoinDesk. Digital Liquidity Gateway, as it is called, tokenizes loans as non-fungible tokens (NFTs), automates settlement, including with stablecoins like USDC, and

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Only the Skinniest Bitcoin Miners Will Survive, MARA CEO Warns

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Bitcoin BTC$102,942.58 The mining industry is entering a difficult period marked by increasing competition, growing energy demand and declining profits, according to Fred Thiel, CEO of MARA Holdings (MARA). “Bitcoin mining is a zero-sum game,” Thiel said in an interview with CoinDesk. “As more people add capacity, it gets harder for everyone. Margins contract and

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Bullish (BLSH) Upgraded for Purchase by ClearStreet as Exchange Gains Market Share and Expands in the US

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ClearStreet analyst Owen Lau upgraded shares of crypto exchange Bullish (BLSH) to Buy from Hold on Tuesday, highlighting the company’s growing market share and product expansion, even as he reduced his price target from $60 to $57. Lau said Bullish’s share of global spot cryptocurrency trading rose from 2.1% in the third quarter to 3.7%

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Brazil’s Central Bank sets crypto rules, sets capital bar of up to $7 million for businesses

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Brazil’s central bank has issued its most sweeping crypto regulations yet, creating a formal licensing regime for service providers and classifying a wide range of crypto activities as subject to foreign exchange and capital markets rules. The framework introduces three resolutions that define how crypto businesses must operate in South America’s largest economy, the amount

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Ethereum (ETH) is the ‘infrastructure’ of Wall Street, says former BlackRock executive

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For Joseph Chalom, Ethereum ETH$3,435.91 is not just another blockchain. This is the infrastructure he believes Wall Street will eventually rely on. Chalom, co-CEO of Sharplink and former head of digital assets at BlackRock, says the qualities that financial institutions are most interested in – trust, security and liquidity – are all present in Ethereum.

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