Circle launches cirBTC on Ethereum with 1:1 Bitcoin backing
Circle has launched cirBTC on Ethereum, introducing a wrapped Bitcoin token backed 1:1 by BTC and supported by onchain reserve verification through Chainlink Proof of Reserve. According to Circle, cirBTC is now live on Ethereum and is designed to bring…...
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Saudi Arabia slashes July oil prices for Asia by $6 as demand cools
Saudi Arabia’s price cut signals shifting power dynamics in global oil markets, highlighting Asia’s growing influence and demand uncertainties. The post Saudi Arabia slashes July oil prices for Asia by $6 as demand cools appeared first on Crypto Briefing....
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Iran launches missile attack on Israel, rattling crypto markets as Bitcoin slides
The escalation heightens geopolitical tensions, impacting global markets and investor sentiment, with potential long-term economic repercussions. The post Iran launches missile attack on Israel, rattling crypto markets as Bitcoin slides appeared first on Crypto Briefing....
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CLARITY Act backers press Senate as odds of passage decline
More than 200 crypto companies and industry organizations have urged the U.S. Senate to bring the CLARITY Act to a floor vote as concerns over the bill’s shrinking legislative window have intensified. According to crypto advocacy group Stand With Crypto,…...
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Bitcoin drops 35% amid US-Iran tensions, market volatility
Geopolitical tensions heighten market volatility, prompting risk-averse behavior and challenging Bitcoin’s stability and growth prospects. The post Bitcoin drops 35% amid US-Iran tensions, market volatility appeared first on Crypto Briefing....
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Galaxy Digital lowers odds of CLARITY Act passage to 60% as deadline nears
The reduced odds of the CLARITY Act passing highlight the challenges of legislative timing, potentially delaying regulatory certainty for digital assets. The post Galaxy Digital lowers odds of CLARITY Act passage to 60% as deadline nears appeared first on Crypto Briefing....
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Foreign investors offload $62B in South Korean stocks as KOSPI drops 8%
The shift in stock ownership to domestic investors may increase market volatility and influence South Korea’s economic resilience. The post Foreign investors offload $62B in South Korean stocks as KOSPI drops 8% appeared first on Crypto Briefing....
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Israel and Iran exchange air strikes as ceasefire falters, rattling crypto markets
The renewed conflict underscores geopolitical instability’s impact on financial markets, highlighting crypto’s vulnerability to global tensions. The post Israel and Iran exchange air strikes as ceasefire falters, rattling crypto markets appeared first on Crypto Briefing....
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Humanity Protocol’s H token crashes nearly 90% after attackers steal private keys and drain $32 million
The breach highlights the critical need for robust security measures in crypto projects to prevent massive financial losses and trust erosion. The post Humanity Protocol’s H token crashes nearly 90% after attackers steal private keys and drain $32 million appeared first on Crypto Briefing....
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Is Bitcoin Bottoming Out? Long-Term Indicators Shift as Short-Term Pain Persists: Fidelity
“Is Bitcoin flashing bear market continuation, or an early bull market reset?” asked Fidelity Digital Assets on Tuesday. The asset manager noted that BTC has been in a death cross for more than 200 days, with the price briefly breaking below the 200-week moving average over the weekend. “Notably,...
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