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Bitcoin News
Newsbtc
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Bitcoin Approaches $65,000: Is Now The Perfect Time To Buy?
- Bitcoin's price approaches $65,000 mark, attracting market analysts' attention.
- Bitcoin Stock-to-Flow (S2F) reversion chart shows a major buy signal for Bitcoin.
- S2F model indicates Bitcoin may be undervalued compared to historical trend, presenting a potential buying opportunity.
- Bitcoin's price rally influenced by recent macroeconomic events, alongside concerns about its near-term future.
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Bitcoinist
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Bitcoin Bull Run Begins: Expert Points To Massive Upside Potential In Coming Months
- A market expert claims that the long-awaited Bitcoin bull run has begun.
- Positive factors like increasing adoption and macroeconomic conditions are expected to drive Bitcoin to unprecedented heights.
- The expert predicts a $300,000 price target for Bitcoin by the end of next year if Trump wins the US presidential election.
- If Vice President Harris wins, the expert predicts a price rally to $180,000 by December 2025.
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Newsbtc
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Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy
- Cardano (ADA) has faced challenges in capitalizing on recent bullish market sentiment.
- Despite short-term setbacks, analysts remain optimistic about Cardano's future price trajectory.
- An indicator suggests a potential bullish reversal, prompting analysts to signal buy for ADA.
- Key support levels and resistance levels to watch for ADA in the coming days.
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12 Likes
Coinpedia
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BlackRock’s iShares Bitcoin Options Now on Nasdaq, SEC Approval
- The US SEC has approved the listing of BlackRock's iShares Bitcoin Trust (IBIT) options on Nasdaq.
- Options on IBIT will provide investors with a tool to manage exposure to the price of Bitcoin and Bitcoin-related products.
- The options will be physically settled with American-style exercise.
- Certain listing standards will be implemented to protect investors and ensure a stable trading environment.
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14 Likes
Bitcoinist
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$43 Million Gone: BingX Crypto Exchange Falls Victim To Major Hack
- Singaporean bitcoin exchange BingX fell victim to a major hack, losing almost $43 million from its hot wallets.
- The hack, one of the biggest crypto attacks this year, raises concerns about centralized exchange security.
- BingX responded by activating emergency procedures, temporarily blocking withdrawals and moving assets to cold storage.
- Critics call for more transparency from exchanges to prevent similar incidents in the future.
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Pymnts
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Dogs vs. Cats: Dogecoin, Shiba Inu Memecoins Have Competition at Crypto Food Bowl
- Several cat-themed memecoins, including POPCAT, MEW, MOG, and CAT, have gained popularity in the cryptocurrency market.
- These tokens have seen significant gains, with POPCAT reaching a market cap of $1 billion.
- MOG experienced a surge of 70% in the past two weeks, while CAT generated $145 million in trading volume within 24 hours.
- Analysts draw parallels between the rise of cat-themed tokens and the dominance of dog-themed tokens like Dogecoin and Shiba Inu.
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14 Likes
Newsbtc
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Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research
- Ethereum's underperformance against the wider crypto market might change following the US Federal Reserve's interest rate cut.
- Ethereum has not had significant price gains compared to Bitcoin and other altcoins in 2024.
- The Ethereum merge to Proof-of-Stake and decreased issuance of new ETH has resulted in negative supply growth.
- A recent report suggests that the Fed's interest rate cut could fuel Ethereum's price surge in the coming months.
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Coin Telegraph
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SEC approves options for BlackRock's spot Bitcoin ETF
- The SEC has approved the listing and trading of options for BlackRock's spot Bitcoin ETF on Nasdaq.
- The options trading will be conducted in the same manner as other ETF options, subject to the same rules.
- Options on the iShares Bitcoin Trust will be physically settled with American-style exercise.
- The listing standards require a substantial number of outstanding shares that are widely held and actively traded.
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10 Likes
Stackexchange
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What is industry standard solution for trustless self custody?
- The industry standard solution for trustless self custody is the use of open-source hardware wallets.
- While hardware wallets provide self custody, they still require trust in the hardware wallet manufacturer.
- Open-source hardware wallets, such as those provided by Trezor, are recommended for trustless self custody.
- Open-source hardware wallets allow users to verify the firmware and ensure the absence of malicious activities.
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17 Likes
Coin Telegraph
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SEC seeks sanctions against Elon Musk over Twitter investigation
- The United States Securities and Exchange Commission (SEC) is seeking sanctions against Elon Musk over Twitter investigation.
- The SEC is seeking monetary and legal sanctions to force Musk to appear for a scheduled testimony regarding the $44 billion purchase of the Twitter platform.
- The SEC alleges that Musk failed to appear and provide testimony to the financial regulator.
- The SEC also seeks monetary relief to recoup travel costs lost by Musk's cancellation of the meetings.
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22 Likes
Bitcoinist
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Bitcoin Metrics Show Market Equilibrium: Entry Opportunity Or A Sign Of Stagnation?
- Bitcoin surged 11% following Federal Reserve's announcement of a 50 bps interest rate cut, reaching over $62,000.
- Despite the rally, Bitcoin capital inflows and outflows remain small, indicating reduced market activity.
- The current state of the Bitcoin market reflects a sense of equilibrium, with stable prices but lower trading volumes.
- Investors are monitoring whether this equilibrium will break in favor of further growth or stagnation.
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Bitcoinist
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343
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BNY Mellon Cleared For Bitcoin Custody And Institutional Crypto Services
- BNY Mellon has received an exemption from the SEC's Staff Accounting Bulletin 121, allowing the bank to get involved in the crypto custody business.
- The exemption could pave the way for other financial institutions to explore similar opportunities.
- BNY Mellon's entry into the digital asset custody sector requires approval from the Federal Reserve, with certain regulatory requirements still unclear.
- The SEC's exemption has raised concerns of regulatory favoritism among other crypto firms.
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20 Likes
Zycrypto
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Bitcoin Miner Wallets Suddenly Come Back To Life After 15 Years Of Inactivity — Is Satoshi Back?
- Bitcoin wallets belonging to early miners suddenly came back to life after being inactive for 15 years.
- The wallets received 50 BTC each as block rewards in early 2009.
- Speculation arises within the crypto community regarding the sudden revival of the wallets.
- Some believe it could be Satoshi Nakamoto, while others think it might be a Bitcoin investor recovering their fortune.
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2 Likes
Cryptonews
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Bitcoin Accepted: Louisiana Allows BTC, USDC Payments for State Services
- Louisiana now allows residents to use Bitcoin and USDC to pay state agencies, starting with the Department of Wildlife and Fisheries, facilitated by Bead Pay.
- Crypto payments will be converted to US dollars at the time of transaction, protecting the state from cryptocurrency volatility.
- This initiative follows a bill signed in June 2024, which supports Bitcoin mining and crypto self-custody and even bans CBDCs for state payments.
- Louisiana becomes one of the few US states to accept Bitcoin and USDC for state services, aiming to enhance customer service and support digital payment options.
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21 Likes
Coin Telegraph
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343
Ethereum open interest hits 20-month high: Bullish or bearish for ETH?
- Ether's futures open interest hits a 20-month high.
- Ether (ETH) surges 11.7% and reaches a three-week high of $2,572.
- Traders express caution regarding potential price fluctuations due to heightened leverage.
- Uncertainty remains over the effectiveness of the US Federal Reserve's monetary strategy.
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