Tag: Crypto

Raydium’s RAY Dives 25% as Pump.Fun Appears to Test Own AMM Exchange

Solana-based token issuance platform Pump.Fun may soon be launching its own automated market maker (AMM), according to a URL connected to the site. However, there has been no public announcement yet. AMM is a exchange system in crypto markets that makes trading easy by using a liquidity pool of...
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Hong Kong’s HK Asia expands Bitcoin holdings after board approval

Hong Kong-based investment holding company HK Asia will buy more Bitcoin after securing board approval to expand its cryptocurrency holdings. According to a Feb. 23 announcement, the company’s board of executive and non-executive directors approved plans to increase the company’s…...
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Bitcoin ETF outflows surpass $1b over two consecutive weeks

U.S. spot Bitcoin exchange-traded funds have experienced their second consecutive week of over $500 million in outflows leading up to Feb. 21. According to data from SoSoValue, the 12 spot BTC ETFs recorded $559.41 million in net outflows over the…...
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Ethereum Bounces Back as Bybit ‘Closes Gap’ on Hack Losses

Ethereum prices displayed resilience over the weekend, rapidly bouncing back from a slump following the massive hack of the Bybit crypto exchange. The asset slumped 7% in a matter of hours on Feb. 21, falling from $2,832 to $2,629 in the wake of the $1.4 billion Bybit hack of...
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Cardano Founder Hoskinson Shuts Down Kanye West Rumors

Cardano founder Charles Hoskinson has categorically dismissed rumors linking hip-hop artist Kanye West, now known as Ye, to a proposed token launch on the Cardano blockchain. In a brief video posted on X (formerly Twitter), Hoskinson poured cold water on speculation that Ye might roll out a cryptocurrency project...
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