Bitcoin Rally Expected to Resume 🚀
Bitcoin's price dip following Fed's hawkish minutes might be temporary as strong institutional demand and potential treasury accumulation by companies suggest a rebound.
Source: theblock.co —
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GENIUS Act: Transforming US Stablecoin Regulations 🚀
The GENIUS Act redefines U.S. stablecoin regulations by simplifying the licensing process and ensuring stablecoins are more secure, benefiting startups and fintech companies.
Source: theblock.co —
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Elon Musk denies Telegram's $300M xAI deal 🚫
Elon Musk refuted claims of a $300M deal between xAI and Telegram for Grok AI integration, despite Telegram's CEO's announcement.
Source: theblock.co —
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🚀 BlackRock IBIT Records $4.2B Bitcoin ETF Inflows
BlackRock's IBIT has dominated a 10-day streak of Bitcoin ETF inflows, amassing $4.2 billion. This unprecedented demand highlights IBIT's dominance in the growing crypto investment market.
Source: theblock.co —
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K33 Raises $6.2M for Bitcoin 🚀
Norwegian crypto firm K33 raised $6.2M to buy Bitcoin and develop new crypto services. They plan to use Bitcoin as a strategic asset for expansion.
Source: theblock.co —
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DeFi Development Corp Embraces Liquid Staking on Solana 💰
DeFi Development Corp has started using liquid staking to boost its Solana holdings, marking a first for a publicly traded company.
Source: theblock.co —
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Circle Freezes $58M USDC in Libra Scandal 🛑
Circle has frozen $58 million in USDC connected to the Libra memecoin scandal, involving legal battles and notable figures, including Argentina’s Javier Milei. The controversy highlights issues around cryptocurrency governance.
Source: theblock.co —
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Eric Trump on Bitcoin: $170K by 2026? 💰
Eric and Don Jr., sons of Donald Trump, predict Bitcoin could reach $170,000 by 2026. Inspired by Michael Saylor, they're heavily investing in crypto.
Source: theblock.co —
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Corporate BTC Leverage: Boon or Bane? 📈💡
Strategy and Metaplanet are leveraging Bitcoin for growth, seeing significant stock surges. However, this approach carries risks if BTC prices fall or credit markets tighten.
Source: theblock.co —
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🇵🇰 Pakistan Plans Government Bitcoin Reserve
Pakistan is initiating a government-managed Bitcoin reserve inspired by U.S. strategies. They also plan to mine Bitcoin and explore blockchain technology.
Source: theblock.co —
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Tether-Backed MiCA Stablecoins in Europe 🚀
Tether-affiliated firms Oobit and StablR launch MiCA-compliant stablecoins in Europe using Tether’s platform, Hadron, marking a strategic move after Tether's EURT withdrawal.
Source: theblock.co —
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Bitcoin's High vs. Quiet Futures Activity 📉
Bitcoin has reached a new all-time high, yet futures activity remains muted. This indicates that traders lack the same conviction as seen in previous peaks.
Source: theblock.co —
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NYC Mayor Pushes for Bitcoin Bond 🚀
NYC Mayor Eric Adams is advocating for BitBonds to integrate Bitcoin with Treasury bonds, aiming to boost fixed income and benefit from Bitcoin's growth.
Source: theblock.co —
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IMF Blocks El Salvador Bitcoin Purchase 🛑
The IMF plans to prevent El Salvador from buying more bitcoin. Meanwhile, GameStop acquires 4,710 BTC, and other significant crypto updates unfold.
Source: theblock.co —
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BlackRock Eyes 10% of Circle's IPO Shares 📊
BlackRock plans to acquire 10% of Circle's shares during its IPO. Circle aims for a $5.43 billion valuation, with $624 million in funds expected from share sales.
Source: theblock.co —
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