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Cryptography News
Coindoo
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Tether Withdraws 8,888 BTC from Bitfinex: What Does This Mean for the Market?
- Tether, a popular stablecoin issuer, has withdrawn 8,888 BTC from Bitfinex.
- The withdrawal has reduced Tether's Bitcoin reserve, leaving them with a total of 92,647 BTC, valued at approximately $7.69 billion.
- The exact reasons for the withdrawal are unclear, but it could be for strategic reasons or to meet the increasing market demand for Bitcoin.
- Tether's growing Bitcoin presence and significant reserves could impact market liquidity and sentiment, shaping Bitcoin's market trajectory.
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Coinjournal
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As US tariffs rattle markets, PepeX presale crosses $1M: is this the next big meme coin?
- PepeX presale crosses the $1 million mark as investor interest surges.
- The project presents an early entry point for meme coin investors.
- PepeX is an AI-powered launchpad simplifying token creation.
- Investor sentiment shifts towards alternative opportunities amidst market uncertainty.
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Cryptopotato
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Ripple (XRP) News: April 1
- Ripple's native stablecoin, RLUSD, achieved a record-setting mint with 50 million tokens being minted in the past 24 hours.
- Speculations about the approval of XRP exchange-traded funds have increased following regulatory changes and the closure of the SEC lawsuit.
- XRP price experienced a brief rally after the lawsuit ended, but then dropped by 20% in the following days, becoming the worst-performing top 20 crypto asset.
- There are varying predictions for XRP's price, with some analysts suggesting it could slump to $1.2 and others expecting a bounce towards $2.8.
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Cryptoticker
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BREAKING NEWS: SEC Drops Case Against Ripple. XRP jumps to $15 As Ripple WINS SEC Lawsuit
- In a stunning twist, the SEC has dropped its lawsuit against Ripple Labs, citing a misunderstanding about the classification of XRP.
- As a result, XRP prices have surged to $15 and Ripple CEO, Brad Garlinghouse, celebrates the legal victory.
- Garlinghouse plans for Ripple's expansion into new markets and partnerships with major financial institutions.
- The future of XRP remains uncertain as experts debate the implications of Ripple's legal triumph on the cryptocurrency's future.
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Coindoo
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Ripple’s RLUSD Emerges as Market Leader in Stablecoin Efficiency
- Ripple's RLUSD outperforms other stablecoins in volume-to-total value locked (TVL) ratio.
- RLUSD's market capitalization exceeds $193.67 million, surpassing Ripple's expectations.
- RLUSD projected to rank among top five stablecoins by the end of the year.
- RLUSD trading volume spikes 220% in the past 24 hours, reaching $81.2 million.
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Coindoo
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BlackRock CEO Warns U.S. Dollar’s Future at Risk, Sees Bitcoin as Potential Alternative
- BlackRock CEO, Larry Fink, warns that unless the U.S. government manages its fiscal path, Bitcoin could become an alternative to the dollar.
- Fink highlights the risk of the U.S. debt burden, with projections suggesting a permanent deficit and all federal revenue going towards servicing the debt.
- The growing pressure on the economy could erode trust in the dollar, causing digital assets like Bitcoin to be viewed as less risky and offer a safer haven from volatility.
- Fink emphasizes the role of digital finance and tokenization in the future, calling for a significant overhaul of the existing financial system and the development of a robust regulatory framework.
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Coindoo
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Circle Prepares for Public Debut with Planned IPO Filing in April
- Digital currency company Circle is expected to submit its IPO paperwork by late April, with shares potentially trading as early as May.
- Circle is working with major financial institutions, including JPMorgan Chase and Citi, for the IPO after an unsuccessful SPAC merger in 2021.
- Circle recently partnered with the New York Stock Exchange's parent company and expanded its global reach with regulatory approval to launch USDC in Japan.
- Regulatory hurdles may be fewer this time, as the SEC has shown a more open approach to crypto firms and regulatory clarity is being prioritized.
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Coindoo
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Cardano Sets Sights on Bitcoin DeFi with Layer 2 Expansion
- Cardano plans to integrate with Bitcoin's DeFi landscape.
- Cardano will merge its Hydra scaling solution with the Bitcoin Lightning Network.
- Aiken programming language will enable cross-chain scripting between Bitcoin and Cardano.
- Cardano aims to position itself as a major player in DeFi, surpassing Ethereum and Solana.
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Cryptopotato
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Image Credit: Cryptopotato
Crypto Investment Products See $226 Million in Inflows, Signaling Cautious Optimism
- Digital asset investment products attracted $226 million in inflows last week, signaling cautious optimism.
- Bitcoin led the inflows with $195 million, while short-Bitcoin investment products faced outflows.
- Altcoins saw inflows of $33 million, with Ethereum, Solana, XRP, and Sui being the major beneficiaries.
- CoinShares' Valkyrie Bitcoin Mining ETF (WGMI) has struggled and emerged as the worst-performing ETF of 2025.
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Coindoo
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Pi Network Faces Steep Decline as Bearish Momentum Grows
- Pi Network is facing a steep decline as bearish momentum grows.
- Market indicators show a strengthening bearish trend in Pi Network.
- Investor confidence in the token's long-term viability is fading.
- Pi Network's current price is $0.70, dangerously close to the previous low of $0.62.
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Coindoo
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Fetch.ai Mainnet Scheduled for Upgrade on April 1, 2025
- Fetch.ai Mainnet Scheduled for Upgrade on April 1, 2025
- The upgrade focuses on network security and operational efficiency.
- Delegated FET token holders on Fetch.ai mainnet gain voting rights.
- The upgrade will have minimal impact on holders on other networks.
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Cryptopotato
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California’s AB-1052 Proposes Key Protections for Bitcoin and Digital Asset Users
- California's AB-1052, also known as the Money Transmission Act, proposes key protections for Bitcoin and digital asset users.
- The bill affirms the right to self-custody of digital assets, prevents taxes or restrictions based solely on the use of these assets, and ensures secure handling of unclaimed digital property.
- It also extends California's Political Reform Act to prevent public officials from engaging in transactions or promoting digital assets to avoid conflicts of interest.
- The bill is currently awaiting its first reading in the Assembly and, if enacted, will protect the self-custody rights of investors and users in California.
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Coindoo
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Hedera Introduces HashSphere: A New Private Blockchain for Enterprises
- Hedera has introduced HashSphere, a new private blockchain for enterprises.
- HashSphere is a permissioned network tailored to meet the needs of businesses requiring data privacy and regulatory compliance.
- Unlike public blockchains, HashSphere offers a fully managed environment with restricted access to verified users.
- Hedera plans to fully launch HashSphere by Q3 2025, targeting sectors like asset management, banking, and payments providers.
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Cryptopotato
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Hut 8 Transfers ASIC Miners to Launch American Bitcoin with Trump Family Backing
- Hut 8 Corp. has launched American Bitcoin Corp, a majority-owned subsidiary for industrial-scale Bitcoin mining and reserve development.
- Hut 8 contributed nearly all of its ASIC miners to American Data Centers, Inc. in exchange for a majority stake, rebranding the company as American Bitcoin.
- American Bitcoin Corp will handle all Bitcoin mining operations previously under Hut 8's Compute segment, with results being consolidated into Hut 8's financial reports.
- The Trump family, including Eric Trump and Donald Trump Jr., is backing American Bitcoin, with a focus on becoming the largest Bitcoin miner globally and creating a strategic Bitcoin reserve.
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