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Cryptography News
Coindoo
1h
161
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Australia Launches Six-Month Trial of Tokenized Money and Wholesale CBDC
- Australia has launched a six-month trial of tokenized assets, stablecoins, and a wholesale CBDC in collaboration with the Digital Finance Cooperative Research Centre.
- The initiative, part of Project Acacia's second phase, involves 24 use cases with banks, fintechs, and blockchain firms participating, including major Australian banks CBA, ANZ, and Westpac.
- Use cases span across repo markets, private credit, carbon markets, and government securities, with specific focuses on digital currencies in repo transactions and tokenized trade payables.
- The trial, supported by regulatory exemptions from ASIC, aims to understand how tokenization could impact liquidity, risk, and settlement in institutional finance, with findings expected in early 2026.
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Cryptopotato
1h
174
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376,000,000 Pi Hits Exchanges: Is a Pi Netowrk Sell-Off Inevitable?
- Over 246 million Pi tokens are unlocking this month, adding pressure despite recent short-term price gains.
- Pi is currently trading within a descending channel, and a breakout above $0.50 could change the current bearish trend.
- 376 million Pi tokens are now on exchanges, with Gate.io leading, raising concerns about potential sustained sell-offs.
- Pi Network's price has seen a modest recovery, trading at $0.4755 with a market cap of $3.62 billion. However, there is a long-term downtrend and Stochastic RSI indicates an overbought condition.
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Coinjournal
1h
292
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GMX price dives 20% after $40 million hack
- GMX price fell 20% after a $40 million exploit on its V1 platform.
- Investor panic and security concerns pressured the price near $11.45.
- Exploit led to loss of $40 million triggering sharp decline in GMX token value.
- GMX's response and security measures will be crucial to stabilize confidence.
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NullTX
1h
0
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PUDGY PENGUINS PRICE ANALYSIS & PREDICTION (July 10) – Pengu Resumes Bullish After a Short Pullback, Jumps 30% Daily
- Pengu experienced a short pullback but has resumed its bullish trend on the daily chart, surging towards the key $0.02 level.
- The $0.0175 level acted as resistance, leading to a temporary setback, but Pengu found support at $0.0143 and is now back in an upward range.
- The bulls are currently dominating the market, with key resistance levels targeted at $0.0274, $0.047, and potentially $0.07.
- If the price drops, key support levels are at $0.0143, $0.01, $0.0076, and $0.0052, while a strong close above $0.02 could trigger a significant rally.
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Coindoo
1h
251
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Ripple CEO Predicts Trillion-Dollar Stablecoin Boom
- Ripple CEO Brad Garlinghouse predicts a trillion-dollar stablecoin boom driven by rising adoption and institutional demand.
- Ripple's RLUSD stablecoin, launched in late 2024, has already achieved a $500 million market cap with BNY Mellon as its custodian, indicating Ripple's alignment with traditional financial standards.
- Garlinghouse highlighted Ripple's experience with financial institutions and regulatory compliance as competitive advantages in the stablecoin sector, stating they bring scalable infrastructure.
- Industry experts echo the optimism, with forecasts of a $1-2 trillion stablecoin market fueled by increasing involvement from banks, retailers, and fintechs, especially pending new legislation like the GENIUS Act.
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Coinjournal
2h
226
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Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation
- Ethereum's price surged 6% to above $2,800 driven by Bitcoin's rally to $112,000 and optimism around ETH whale activity.
- Over $500 million in leveraged positions, including $139 million in ETH, were liquidated, leading to sharp price movements across major exchanges.
- Institutional interest and increased buying activity are expected to propel Ethereum's price higher, with the anticipation of a breakout above $3,000.
- Despite over $500 million in liquidations impacting leveraged traders, market sentiment remains cautiously optimistic, supported by institutional inflows and Ethereum's role as a foundational blockchain.
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Cryptoticker
3h
302
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Will Cardano Surprise Everyone With a 30% Price Surge?
- Cardano (ADA) potentially gearing up for significant breakout after months of consolidation.
- Strong institutional endorsement fueling recent price uptick, with ADA securing third spot in Grayscale's fund.
- Bullish momentum indicators and Fibonacci analysis suggest ADA could target $0.70–$0.80 range.
- RSI crossing 60 may signal sharp upsurge, while failure to breach $0.70 could lead to pullback.
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Coindoo
1h
192
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BlockDAG Outpaces XRP & SHIB With $335M Raised & Real-World Sports Deals Driving Adoption
- BlockDAG (BDAG) has raised over $335 million in its presale, showcasing rapid growth and adoption in the crypto market.
- XRP remains of interest due to its speed and low cost, but faces regulatory challenges which may impact wider adoption.
- SHIB trading volume has surged, driven by community engagement and meme-driven appeal, highlighting its market influence.
- BlockDAG's real-world sports partnerships with professional teams like the Seattle Seawolves and Seattle Orcas demonstrate utility and broad adoption potential.
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Cryptopotato
1h
103
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Bitcoin Legend Max Keiser Predicts BTC to Hit $220K in 2025
- Bitcoin evangelist Max Keiser predicts that Bitcoin will reach $220,000 by the end of 2025, citing its recent surge and significant growth since his initial prediction in 2022.
- Keiser first made the $220,000 forecast during a challenging period for the crypto market, but the current price movements have lent credibility to his prediction.
- Bitcoin recently hit a new all-time high, propelled by comments from U.S. President Donald Trump and potential inflationary impacts of significant interest rate cuts.
- While Keiser remains steadfast in his bullish outlook, he chooses to withhold the precise timing of his prediction to prevent investor fear and uncertainty.
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Cryptopotato
2h
266
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Veteran Trader Peter Brandt Is Long on Bitcoin (BTC), But There’s a Catch
- Peter Brandt remains bullish on Bitcoin, setting short-term price targets but warns about a bearish pattern forming on the chart.
- Brandt alerts investors about an expanding inverted triangle pattern appearing on Bitcoin's price chart, which could signal market instability.
- Despite optimistic forecasts from analysts like CRYPTOWZRD and KALEO, technical indicators like the near-overbought RSI suggest a possible short-term resistance for Bitcoin.
- BTC's exchange netflow indicates a shift to self-custody methods, reducing selling pressure, while the RSI nearing the bearish zone suggests a potential short-term pullback.
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Coindoo
2h
29
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Bitcoin ETFs Reach $50B in Inflows, Outpacing Traditional Funds
- Bitcoin ETFs are experiencing significant growth, with total inflows surpassing $50 billion, outpacing traditional funds.
- BlackRock's iShares Bitcoin Trust (IBIT) leads the way with $53 billion in inflows, surpassing even the firm's S&P 500 ETF.
- IBIT has over 700,000 BTC in holdings, representing more than half of all assets in spot Bitcoin ETFs.
- Bitcoin accounts for 83% of all inflows into digital asset investment products this year, according to CoinShares, showing its dominance in the institutional narrative.
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Financemagnates
2h
59
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ESMA Reviews Malta’s CASP Licensing, Flags Gaps in Crypto Oversight
- The European Securities and Markets Authority (ESMA) reviewed Malta's oversight of Crypto Asset Service Providers (CASPs) and raised concerns about gaps in supervision.
- ESMA found that Malta's Financial Services Authority (MFSA) has sufficient resources but had issues with approving a CASP with unresolved concerns like weak governance and inadequate AML controls.
- ESMA emphasized the importance of strong cross-border supervision for CASPs and recommended the MFSA to address unresolved risks and enhance evaluations of growth plans and IT resilience.
- The MFSA has licensed major cryptocurrency exchanges like Crypto.com, OKX, Gate.io, and Gemini, ensuring compliance with Malta's regulatory framework for virtual financial assets.
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Coindoo
2h
298
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XRP Climbs Higher on Whale Demand and ETF Expectations
- XRP on-chain data reveals nearly 2,750 wallets hold over 1 million XRP each.
- Total whale-controlled XRP supply exceeds 47 billion tokens with strategic moves hinting at potential plays ahead.
- XRP's price surge coincides with a strong quarterly close, driven by increasing demand particularly in South Korea.
- Expectations rise with ProShares XRP ETF listing on DTCC, possibly leading to U.S. trading approval and institutional inflows.
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Cryptopotato
3h
179
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Short Whale Liquidated for Over $50M as Bitcoin (BTC) Surged to New ATH (Market Watch)
- Bitcoin surged to a new all-time high of $112,000 before a slight correction.
- Altcoins like PENGU, WIF, and FARTCOIN experienced significant price pumps.
- A whale was liquidated for over $51 million as Bitcoin's price increased.
- Overall cryptocurrency market cap has risen by $100 billion to $3.540 trillion.
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Coindoo
3h
177
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Trump’s Truth Social Prepares to Launch Loyalty Token for Engaged Users
- Trump's Truth Social is set to introduce a loyalty system tied to its premium Patriot Package, enabling users to earn digital gems convertible to utility tokens within the platform.
- This initiative aligns with Trump Media & Technology Group's broader strategy to establish a presence in the cryptocurrency space, including the intention to release a digital asset ETF and an in-house token.
- Truth Social has also launched the public beta testing of Truth+, a streaming service focused on conservative content, with the Patriot Package offering perks like early video access and upgraded comment visibility.
- The move towards blockchain integration suggests Truth Social's aim to enhance user engagement and provide alternatives to mainstream media and finance, while Donald Trump Jr. has been engaging in crypto investments.
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