Tag: COIN:XRPUSD
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BlackRock’s IBIT Surges as Top Bitcoin ETF, Bitfarms Rejects Riot Platforms Offer, and More Crypto News
Bitfarms rejects Riot Platforms’ $950 million acquisition offer On May 29th, Bitfarms (NASDAQ:BITF) rejected a $950 million acquisition proposal from Riot Platforms (NASDAQ:RIOT), arguing that the offered value was insufficient. Received on April 22nd, the offer consisted of $2.30 per share in cash and stock. The decision was made after analysis by the Special Committee…
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Ethereum ETFs Decision Nears, Peter Mintzberg Named New Grayscale CEO, and More Crypto News
Imminent SEC decision on Ethereum ETFs generates cautious expectations The SEC is set to issue a new decision on Ethereum ETFs this week, with mixed expectations among experts. Despite recent concerns, including Grayscale decisions that have strained the market, the expectation is that the SEC might finally start accepting exchange-traded funds in stages. VanEck and…
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Strong Institutional BTC ETF Adoption, CME Group Ventures into Bitcoin Spot Trading, and More Crypto News
Bitcoin reacts to interest rate cut expectations In the last 24 hours, Bitcoin (COIN:BTCUSD) is trading at $65,850, after reaching a high of $66,772 during the day. The cryptocurrency appreciated following new US inflation data that increased the chances of interest rate cuts by the Fed in the coming months. This expectation also affects other…
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Inactive BTC Wallets Transact $62.8 Million, Degen Chain Faces Shutdown, and More Crypto News
Bitcoin wallets inactive for a decade move $62.8 million Two Bitcoin wallets (COIN:BTCUSD), inactive for over ten years, activated on Sunday (12) to transfer a total of 1,000 BTC, which corresponds to over $62.8 million at current prices. The addresses, which received 500 BTC each on September 12, 2013, when the value of Bitcoin was…
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Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News
Bitcoin hovers at $62K amid favorable macroeconomic data On May 9, Bitcoin (COIN:BTCUSD) is showing signs of recovery as new U.S. macroeconomic data revealed an unexpected rise in unemployment claims, hitting a nine-month high. At last check, the cryptocurrency was up 1.4% over the last 24 hours at $62,038. This situation is generating expectations of…
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Coincheck’s Nasdaq Listing Plans, FTX’s 118% Creditor Refunds, and Latest Crypto News
Coincheck prepares Nasdaq listing via SPAC, following in Coinbase’s footsteps Coincheck is on track to become the second cryptocurrency exchange to be publicly listed in the US, joining Coinbase Global (NASDAQ:COIN). The company plans to finalize its listing on Nasdaq in the second or third quarter of this year through a merger with SPAC Thunder…
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Tellor Tributes Skyrocket 104% in May, Marathon Digital Set to Enter S&P SmallCap 600, and More Crypto News
Tellor Tributes surges over 100% in May In May, Tellor Tributes (COIN:TRBUSD), a decentralized oracle network, saw impressive growth, nearly doubling its market capitalization at the beginning of the month. Tellor’s market value surged from $143.32 million on April 30 to $290.3 million on May 7. This increase is associated with growth in whale activity…
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Bitcoin Hits 1 Billion Transactions, Vodafone Turns Smartphones into Digital Wallets, and More Crypto News
Bitcoin processes 1 billion transactions, marking strong growth since 2009 The Bitcoin network (COIN:BTCUSD) achieved an impressive milestone by processing its billionth transaction, 15 years after the launch of its first block. Maintaining an average of 178,475 daily transactions, Bitcoin has demonstrated its ability to handle large volumes without centralized intermediaries. This milestone, achieved amidst…
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Bitcoin Surges Post Jobs Report, Coinbase Reveals $1.2 Billion 1Q Net Profit, and More Crypto News
Bitcoin rises in response to jobs data Bitcoin (COIN:BTCUSD) experiences a 4.5% increase on May 3, driven by US employment data. BTC/USD is trading at $61,751 at the time of writing. Specifically, non-farm payrolls numbers for April fell below expectations, indicating weakness in the job market. This revelation suggests a possible interest rate cut, as…
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Bitcoin, Ether Drop After Lackluster Hong Kong ETF Debut; Alliance Resource generates $30M in BTC, and More Crypto News
Modest launch of Bitcoin and Ethereum ETFs in Hong Kong The introduction of Bitcoin and Ethereum ETFs in Hong Kong began with below-expected performance, reaching a trading volume of approximately $11.19 million (87.58 million HKD), according to the Hong Kong Stock Exchange. These numbers fall well below the initial expectations, which predicted over $100 million.…