📉 Bitcoin has fallen below $78,000 for the first time since early May, but traders remain hopeful for a quick price recovery. Many believe this could be a "bear trap" and are anticipating subsequent growth.
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🌐 Links | Trade on Bybit | Trade on BingX | Trade on Polymarket
🇯🇵 Japanese financial market giants SBI, Rakuten, and Nomura are preparing to launch crypto investment trusts for retail investors.
The country's regulators plan to officially allow the creation of crypto funds by 2028, which has spurred brokers' interest in this segment.
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The country's regulators plan to officially allow the creation of crypto funds by 2028, which has spurred brokers' interest in this segment.
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💰 Crypto funds faced a withdrawal of $1 billion in capital amid renewed tensions with Iran and rising inflation, triggering a risk-averse mood among investors.
👥 Institutional investors began pulling funds from Bitcoin and Ethereum-based products, while XRP and Solana funds continue to attract new investments.
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👥 Institutional investors began pulling funds from Bitcoin and Ethereum-based products, while XRP and Solana funds continue to attract new investments.
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📊 CoinShares data shows that investors have begun reallocating their funds into XRP and Solana-based products, while Bitcoin and Ethereum faced significant weekly outflows, totaling nearly $1 billion.
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📉 XRP is facing a risk of a 50% drop despite a nine-day streak of inflows into the ETF.
Currently, spot XRP ETFs have recorded net inflows for nine days, which helps absorb selling pressure and potentially support a price recovery for XRP over time.
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Currently, spot XRP ETFs have recorded net inflows for nine days, which helps absorb selling pressure and potentially support a price recovery for XRP over time.
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🇩🇪 The German company AllUnity is planning to launch the SEKAU stablecoin, backed by the Swedish Krona, which is set to debut in June.
💼 This move is supported by investments from DWS and Galaxy and aims to develop regulated alternatives to dollar tokens in Europe.
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💼 This move is supported by investments from DWS and Galaxy and aims to develop regulated alternatives to dollar tokens in Europe.
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💳 MoneyGram continues to deepen its efforts in blockchain payments by partnering with the blockchain company Tempo, which was created with the support of Stripe.
This collaboration aims to support settlements in stablecoins and assist in validating transactions within the global MoneyGram payment network.
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This collaboration aims to support settlements in stablecoins and assist in validating transactions within the global MoneyGram payment network.
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🐳 A crypto whale placed a $224,000 bet that the price of XRP will remain stable until June!
The trader has gathered about $224,500 in premiums and will keep the entire amount if XRP stays close to the $1.40 mark.
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The trader has gathered about $224,500 in premiums and will keep the entire amount if XRP stays close to the $1.40 mark.
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📉 Bitcoin accumulation trends are weakening: realized losses exceed $600 million.
Whales and investors have shifted to asset distribution against the backdrop of rising realized losses, which have reached the $600 million mark. Meanwhile, the price of BTC continues to decline, nearing $76,000.
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Whales and investors have shifted to asset distribution against the backdrop of rising realized losses, which have reached the $600 million mark. Meanwhile, the price of BTC continues to decline, nearing $76,000.
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📈 Bitcoin has set a new record for a 90-day upward trend, which can be compared to a bull market!
After falling below $60,000, BTC has shown the longest upward momentum in history, surpassing 90 days of growth despite the current bear market conditions.
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After falling below $60,000, BTC has shown the longest upward momentum in history, surpassing 90 days of growth despite the current bear market conditions.
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🇦🇪 The UAE-supported stablecoin DDSC processed an institutional transaction worth $30 million.
The transaction was executed on the ADI Chain blockchain, which is a layer 2 designed for institutional payments, treasury operations, and trade settlements.
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The transaction was executed on the ADI Chain blockchain, which is a layer 2 designed for institutional payments, treasury operations, and trade settlements.
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📈 The SEC has approved the Nasdaq listing of Bitcoin options on the exchange!
Cash-settled contracts with European-style will be traded under the ticker QBTC on Phlx. However, CFTC approval is required before trading can begin.
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Cash-settled contracts with European-style will be traded under the ticker QBTC on Phlx. However, CFTC approval is required before trading can begin.
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📉 Cardano (ADA) has faced a sharp decline, causing it to drop out of the top 10 altcoins by market capitalization after a significant decrease from its all-time high. Analysts have started to discuss whether Cardano is the most overrated crypto project.
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