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Sam Bankman-Fried appeals court hearing saw judges skeptical

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This week, the Second Circuit Court of Appeals heard arguments in Sam Bankman-Fried’s appeal of his criminal conviction. The panel of three judges was very skeptical of his lawyer’s arguments. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here to subscribe to future editions. The story […]

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ETF Catalyst Positions Ripple for Next Upside Leg Towards $2.80

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XRP climbed 3.6% to $2.31 on Saturday, surpassing key resistance at $2.28 as ETF momentum and network growth sparked renewed institutional interest. Volume surged 86% above the 24-hour average during the breakout, bringing the token to its strongest close in over a week while outperforming Bitcoin and Ethereum amid more subdued market activity. News context

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$1 Trillion Paid Vote for Elon Musk Sparks ‘TRILLIONS’ Token Frenzy

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Memecoin traders found their next muse as Tesla board members passed a $1 trillion pay package for CEO Elon Musk. Hours after shareholders approved the deal on Thursday, at least half a dozen new tokens with names like “TRILLIONS,” “Elon’s $1” and “MUSK” flooded decentralized exchanges on Solana, Ethereum, BNB Chain and other blockchains, according

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Bitcoin (BTC) Weakness Sends Warning to Stocks, Says Citi (C)

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Wall Street giant Citi (C) says slow start to traditional Santa rally may not yet derail year-end stock rebound, but points to Bitcoin BTC$103,155.73 collapse as a warning sign. Bitcoin’s trading behavior has historically mirrored the fortunes of the Nasdaq 100: When the cryptocurrency is above its 55-day moving average, Nasdaq returns improve markedly, analysts

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Japanese FSA to Support Country’s 3 Largest Banks in Issuing Stablecoins

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Japan’s Financial Services Agency (FSA) said it will support the country’s three largest banks in developing a proof of concept for issuing a stablecoin. Japan’s financial regulator said the venture will see Mitsubishi UFJ Financial Group (8306), Sumitomo Mitsui Financial Group (8316) and Mizuho Financial Group (8411) explore the joint issuance of a stablecoin as

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US Fed’s Miran says policy must adapt to stablecoin boom that could reach $3 trillion

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US Federal Reserve Governor Stephan Miran, the newest member of the board of governors after his recent confirmation, has shed light on stablecoins and the potential for their explosive growth – particularly by foreign users – to have serious consequences for monetary policy. “Stablecoins could become a multi-trillion dollar elephant in the room of central

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Bitcoin Defi Gets Another Institutional Boost From Anchorage Digital Custodian

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Cryptocurrency bank Anchorage Digital is opening institutional pathways to Bitcoin-native decentralized finance (DeFi), providing a regulated gateway to BOB’s Bitcoin-Ethereum ecosystem. The custody service provided by a federally chartered U.S. bank could provide a boost to institutional participants seeking yield opportunities on BOB’s $250 million total value locked (TVL) DeFi platform, according to an email

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