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Cardano (ADA) Falls Below Key Support as Institutional Investors Withdraw

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Cardano’s native token ADA fell sharply on Wednesday, falling more than 3% to 64 cents as it broke through a critical support level and confirmed a change in market sentiment, according to data from CoinDesk Analytics. The outage began on Tuesday, when trading volume soared 67% above its 24-hour average. Nearly 183 million tokens changed […]

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BNB falls 2.7% as traders focus on technicals during crypto market downturn

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BNB price slipped 2.7% over the past 24 hours to $1,105 following the rally that began after the disappearance of BNB Chain’s largest quarterly token burn on record in US dollar terms. The drop undermined hopes that the $1.6 billion supply cut would further support the price. BNB Chain burned 1.44 million BNB under the

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What is the real use of a Yen Stablecoin? A carry trade on chain

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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. The Korean won and Taiwan dollar can’t really leave

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Investors flock to MegaETH’s $450 million token sale as Ethereum founder-backed project exceeds goal

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Layer 2 Ethereum project MegaETH raised $450 million in a token sale that attracted nearly nine times its fundraising goal within hours of going live. Blockchain analytics firm Arkham revealed that 819 wallets pledged the maximum amount, sending $186,000 worth of USDT to the MegaETH sales address, with the total number of investors reaching 14,491.

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Investment bank says Visa (V) is becoming the ‘Stablecoin of stablecoins’

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Japanese investment bank Mizuho has called Visa (V) “the stablecoin among stablecoins,” arguing that the payments giant has become a vital part of the global stablecoin infrastructure. Visa’s growing network of stablecoin-linked card programs, which now has more than 130 programs in more than 40 countries, with spending quadrupling year-over-year, gives it a central role

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Analysts expect strong third quarter for Coinbase (COIN) but strongly disagree on its future

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Coinbase (COIN) is scheduled to report third-quarter earnings Thursday after the market close, and Wall Street is widely expecting revenue to rise. According to FactSet, analysts estimate that the crypto exchange will post earnings per share (EPS) of $1.14 – quadrupling the $0.28 from the third quarter of last year – and revenue of $1.8

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Consensys plans public debut, taps JPMorgan, Goldman Sachs to lead IPO: Axios

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Consensys, the blockchain software company behind the MetaMask wallet, plans to go public and has chosen JPMorgan Chase and Goldman Sachs as lead underwriters for its IPO, Axios reported Wednesday. The listing would mark one of the most significant public debuts ever by a company building Ethereum’s infrastructure. ETH$3,947.98the second largest blockchain in the world.

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Rebounds 4% as FOMC Volatility Boosts Crypto Market

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Chainlink’s native token LINK LINK$6:50 p.m. rallied to $18.40 during Wednesday’s session, reversing losses from a strong intraday sell-off that saw the price fall below the key $18 support level. A sudden surge in volume of 4.59 million tokens – 178% above the 24-hour average – confirmed the breakdown as sellers breached short-term support levels.

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Mastercard (M) in talks to acquire crypto startup Zero Hash: report

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Mastercard (MA) is reportedly considering acquiring blockchain infrastructure startup Zero Hash as competition for stablecoin payments intensifies. The global payments and cards provider is in late-stage talks and could pay between $1.5 billion and $2 billion for the crypto company, Fortune reported Wednesday, citing sources familiar with the matter. This comes as Mastercard could lose

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