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Crypto-News-Flash

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Sky Protocol’s USDS Supply Surges Past 9 Billion, DAI Falls Behind

  • USDS supply surpassed 9 billion in February, overtaking DAI and marking a major milestone for Sky Protocol’s stablecoin dominance.
  • Sky Protocol adjusted its Savings Rate while maintaining strong USDS reserves, with multichain adoption expanding to Ethereum, Base, and other networks.
  • Apart from USDS’s expansion, Sky Protocol changed the Sky Savings Rate from 12.5% to 6.5% throughout February.
  • USDS count in the Sky Token Rewards program doubled, generating 8.12% APY in the form of SKY tokens.

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Guardian

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Revealed: how Wall Street is making millions betting against green laws

  • Financial speculators are increasingly funding lawsuits against governments over environmental regulations, netting lucrative awards.
  • Litigation finance has expanded into financing massive arbitration lawsuits under ISDS, allowing corporations to sue countries for profit losses.
  • The system has become profitable for hedge funds with average awards exceeding $200 million.
  • ISDS has awarded over $120 billion, with fossil fuel and mining companies receiving substantial sums.
  • Third-party funded cases are on the rise, with over 75 identified, often involving wealthy countries suing developing ones.
  • Third-party funding in ISDS is criticized for leading to costly and potentially frivolous cases.
  • Cases include South American Silver suing Bolivia and Silver Bull suing Mexico, with multimillion-dollar claims.
  • Burford Capital is backing a case against Greenland over a uranium mining ban with potential compensation of $11.5 billion.
  • Critics argue that third-party funding incentivizes speculative claims, driving more arbitration.
  • The lack of penalties for funders and soaring legal costs in third-party funded cases raise concerns among arbitrators.

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TronWeekly

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Avalanche and Skyren DAO: Who Will Lead the Scalability Race in 2025?

  • Avalanche (AVAX) and Skyren DAO are competing in the race for scalability solutions in 2025.
  • Avalanche focuses on speed and decentralization with its high-speed Layer 1 blockchain.
  • Skyren DAO introduces a unique airdrop collection model, offering passive earning and multi-chain strategy.
  • Skyren DAO's emphasis on DeFi rewards and passive income opportunities could position it as a strong competitor against Avalanche.

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Coinpedia

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BTC’s Plunge, DOT’s Major ETF Filing – Will BitLemons ($BLEM) Deliver the 17X Returns Investors Crave?

  • Bitcoin and Polkadot experience significant volatility, with Bitcoin's price declining and Polkadot facing a 17% drop.
  • BitLemons positions itself for potential growth with its GambleFi protocol, generating revenue and selling out its presale stages.
  • BitLemons' revenue model as a disruptive crypto casino provides stability in a volatile market.
  • Polkadot's ETF filing and upcoming 2.0 launch create potential for price recovery and long-term prospects.

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Blockonomi

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Solana (SOL) Price: Breaks Key Resistance as Whale Transfers $71.95 Million

  • Solana's price breaks out from a descending parallel channel, with potential upside to $213.
  • A whale transferred 494,153 SOL ($71.95M) to Coinbase Institutional, sparking market speculation.
  • Technical indicators like Parabolic SAR and MACD have turned bullish, indicating a potential trend reversal.
  • SOL must surpass the $170-$185 resistance zone to confirm an uptrend.
  • Solana network usage surpasses Ethereum with 73.4 million monthly active addresses.
  • Recent bullish momentum in Solana's price has broken key resistance levels in recent days.
  • Analysts are divided on the outlook, with some seeing potential for a rally towards a $213 price target.
  • A significant whale transfer of $71.95 million worth of SOL to Coinbase Institutional adds to market dynamics.
  • Technical indicators like the Parabolic SAR and MACD suggest weakening selling pressure and building buying pressure.
  • Solana faces a critical resistance zone between $175 and $185 that will test the current breakout attempt.

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Medium

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Cido’s Quantum-Optimized Data Solutions: The Future of Blockchain Indexing

  • Cido is revolutionizing data indexing by integrating quantum annealing, a cutting-edge quantum computing technique that accelerates data processing and optimization.
  • With quantum-enhanced indexing, Cido's system can handle massive datasets at speeds that traditional systems simply cannot match and ensures real-time access to blockchain data.
  • Cido's quantum-optimized solution is built for scalability, allowing it to efficiently handle the complexities and scale of Web3 applications.
  • By integrating quantum computing into blockchain indexing, Cido enables the integration of AI, machine learning, and predictive analytics, fueling innovation in sectors like DeFi, gaming, and NFTs.

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Coinpedia

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SEC Dismisses Coinbase, Kraken, Gemini and Other Crypto Cases: Former SEC Lawyer Issues Warning

  • The U.S. Securities and Exchange Commission (SEC) has dismissed cases against major cryptocurrency firms including Coinbase, Kraken, Gemini, and ConsenSys.
  • Former SEC lawyer warns that dismissed cases cannot be re-filed, reducing the chances of further investigations.
  • The current administration in the U.S. appears to be giving crypto more freedom, potentially leading to risks and significant investor losses.
  • President Trump has shown support for cryptocurrency, aiming to make the U.S. a leader in digital assets with plans to add cryptocurrencies to the national reserve.

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Blockonomi

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BlackRock’s Bitcoin ETF Records Highest Trading Volume Since November

  • BlackRock’s spot Bitcoin ETF (IBIT) saw its highest trading volume since mid-November
  • IBIT dropped over 11% last week, falling to $46.07, the lowest since early November
  • Investors withdrew more than $1 billion from the ETF
  • IBIT broke below the $50.69 support level, signaling more potential losses

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Blockonomi

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Dogecoin (DOGE) Price: ETF Filing Signals Expanding Horizon for Crypto Investments

  • Bitwise has submitted a 19b-4 filing to the SEC for a Dogecoin ETF, with Coinbase Custody and BNY Mellon managing assets
  • Polymarket shows approval chances for a Dogecoin ETF climbed to 66% from 55% previously
  • Despite ETF progress, DOGE price has dropped by 15.79% to $0.19, with trading volume declining by 11.69%
  • Multiple asset managers including Grayscale and Rex Shares are also pursuing Dogecoin ETF approval

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Crypto-News-Flash

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XRP Price Target: Millions Wager on $5—What’s the Catch?

  • Despite a 34% drop in XRP price, traders are holding firm with a $5 call option dominating Deribit’s market at $4 million.
  • Many traders are using a strategy called covered calls, selling high-level out-of-the-money (OTM) calls while holding XRP to collect premiums and hedge risks.
  • Analysts predict a potential 60-84% surge in XRP price due to bullish technical signals, breakout from a descending trendline, and consolidation within a bullish pennant pattern.
  • For XRP to hit $5, a successful push beyond $3.50 is needed, maintaining the price above $2.50 and breaking resistance levels.

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Bitcoinist

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Bitcoin Hashrate At Risk? US Trade War Could Hit 5% Mining Power

  • The trade war between the US and Canada could disrupt Bitcoin mining operations, potentially affecting up to 1.5 million customers in New York, Michigan, and Minnesota.
  • Miners in the US Northeast, specifically along the New York-Canada border, face a significant risk if Ontario curtails or halts electricity exports.
  • The potential loss of 300-500 MW of Bitcoin mining capacity accounts for between 2.5% and 5% of global hashrate.
  • Higher energy prices due to tariffs could make current Bitcoin mining machines unprofitable, leading to a decline in Bitcoin's hashrate.

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TronWeekly

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Chainlink Rebounds to $15.25 Amid High Volatility and Whale Accumulation

  • Chainlink surged from $13.18 to $15.25 within 24 hours, with trading volume rising to 120 million LINK.
  • Whale wallets now hold 18.15% of LINK’s supply, valued at $2.93 billion, driving accumulation trends.
  • LINK/USDT trading volume jumped 40% to $1.8 billion, signaling a potential trend shift amid market uncertainty.
  • Chainlink has staged a notable rebound, outpacing other altcoins following a sharp market-wide downturn.

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NullTX

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Ethereum Experiences Market Volatility: A $4.1M Withdrawal and Bearish Predictions

  • A significant withdrawal of 2,000 ETH ($4.1 million) occurred recently, illustrating Ethereum's market volatility.
  • The withdrawal by Longling Capital from Binance to Aave reflects continued bullish sentiment towards ETH.
  • Market watchers observed the large transaction from the Longling Capital wallet to Aave.
  • The wallet borrowed stablecoins from Aave to potentially reinvest in Ethereum amid price fluctuations.
  • Ethereum's price dropped below $2,000 on September 18 and is currently trading around $2,050.40.
  • On-chain analysts like Ali Martinez predict a potential drop in Ethereum to $1,250 due to bearish trends.
  • Concerns arise over outflows from Ethereum-related ETFs, hinting at weakening market confidence.
  • Despite short-term price challenges, Ethereum's long-term fundamentals remain strong with ongoing network development.
  • While market sentiment is mixed, institutional players are still actively participating in Ethereum-related activities.
  • Ethereum's resilience and potential for recovery post-market stabilization highlight its enduring value in the crypto space.

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Blockonomi

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Aave (AAVE) Price: Outperforms Market by 17% Following Major Economic Proposal from DAO

  • Aave's AAVE token surged 21% following the announcement of a major economic proposal from Aave DAO.
  • Aave's treasury has grown by 115% to $115 million since mid-2024, indicating its increasing popularity and financial strength.
  • The proposal includes plans for increased profit sharing for AAVE stakers and a new 'buy and distribute' program using $1 million weekly for token buybacks.
  • An innovative 'Umbrella' system is proposed to protect users from market crashes, aiming to provide a unique advantage for risk management.
  • The proposal, named the 'Aavenomics update,' aims to increase value for token holders and enhance user benefits on the platform.
  • One notable component of the proposal is the introduction of an Anti-GHO token offering valuable options for users, including debt elimination and additional rewards.
  • Aave's focus on user protection and financial sustainability aligns with growing interest in DeFi platforms that prioritize innovation and risk management.
  • The proposal's positive market response, with a 21% price increase, reflects investor confidence in Aave's future growth and token economics.
  • Community feedback is being collected on the proposal, with plans to present a formal on-chain proposal for AAVE token holders to vote on in the future.
  • Aave aims to strengthen its position in the DeFi ecosystem and deliver more value to its community through the proposed changes.

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NullTX

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Bitcoin Faces Volatility Amid Panic Sell-Off, But Fundamentals Remain Strong

  • Bitcoin experienced a sudden 10% price drop, triggering a panic sell-off in the cryptocurrency market with over $8 billion in open interest liquidated in 24 hours.
  • The exact cause of the crash remains uncertain, though it appears to be driven by panic and market psychology rather than a fundamental shift in Bitcoin's long-term prospects.
  • Despite the recent market turbulence, Bitcoin's underlying fundamentals remain strong, with increased mining rig activity and withdrawals of over 25,000 BTC from exchanges.
  • Significant outflows were recorded from Bitcoin-related ETFs, suggesting institutional investors are exercising caution and reassessing their investments.
  • The continuous withdrawal of Bitcoin from exchanges indicates a growing number of long-term holders stacking up in anticipation of future price rises.
  • Bitcoin's halving cycle and a stable price range between $15,000 and $30,000 are factors shaping market sentiment, which may be influenced by broader U.S. financial market conditions.
  • Despite recent volatility, the overall outlook for Bitcoin remains positive, supported by strong fundamentals and a focus on long-term holding strategies.
  • Investors are advised to monitor key indicators and market sentiment for potential signals of a rebound or further volatility in Bitcoin's price.
  • Market sentiment in the U.S. financial markets is likely to impact Bitcoin's near-term price action, while the digital currency's value is expected to hold firm due to its solid foundation.
  • In conclusion, while recent events have shaken the market, Bitcoin's resilience and growth trajectory suggest that the current dip is likely a temporary setback rather than the end of the bull cycle.

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