Bitcoin Enters A New Phase As Profit-Taking Metric Picks Up Pace – Here’s What It Is
Bitcoin is charging to retest the $110,000 price level following a bounce that occurred last week, which may have rekindled bullish market sentiment. With Bitcoin’s price surging remarkably towards its current all-time high in the last few days, several key metrics appear to be picking up pace alongside this...
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Dogecoin price double bottoms as whale accumulation continues
Dogecoin price formed a double bottom pattern, pointing to an eventual rebound as whale accumulation continues. Dogecoin (DOGE) was trading at $0.1700 on July 7, a few points above the year-to-date low of $0.1467. It has dropped by 35% from…...
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Stablecoin adoption on Arbitrum mainnet is at an all-time high
Arbitrum reached an all-time high in stablecoin supply, amid rising inflows....
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Russia Creates Registry of Crypto Mining Equipment to Tighten Oversight
Russia’s Ministry of Energy has compiled a registry of cryptocurrency mining equipment, a step officials say will help identify mining operations and bring them under new regulatory and tax rules. Deputy Energy Minister Petr Konyushenko told state news outlet RIA Novosti the list has been distributed to regions where...
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Crypto Miner Bit Digital Up 26% After Swapping Bitcoin for Ether
Bit Digital (BTBT) is now the owner of more than 100,000 ether (ETH) after swapping out its bitcoin stack along with a $172 million capital raise for even more of the world’s second-largest crypto. From a holding of 24,434 ETH as of the end of March, Bit Digital now...
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SEC Sets July Deadline for Solana ETF Refilings, Clearing Path for Pre-October Approval
The road to a spot Solana (SOL) exchange-traded fund (ETF) could be much shorter than expected. The Securities and Exchange Commission asked prospective issuers to respond to comments and re-file amended S-1 documents before the end of July, two people familiar with the matter told CoinDesk. Technically, the SEC...
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Polymarket Embroiled in $160M Controversy Over Whether Zelensky Wore a Suit at NATO
Crypto-focused prediction market Polymarket is facing a fresh dose of criticism this week in relation to a market on whether Ukrainian President Volodymyr Zelenskyy would wear a suit before July. More than $160 million worth of crypto was bet on the market, with the initial outcome of “yes” being...
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Threshold’s Bitcoin Backed tBTC Debuts on Sui, Unlocking $500M in Liquidity
Threshold Network’s tBTC, an ERC-20 token backed 1-to-1 by bitcoin (BTC), debuted on Sui on Monday as Threshold looks to expand BTCFi in the Sui ecosystem. The collaboration enables users to deposit their BTC on Sui and mint tBTC, potentially adding over $500 million worth of bitcoin liquidity to...
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ATOM Breaks Resistance Level as Trading Volume Triples
The Cosmos ecosystem token (ATOM) demonstrated significant bullish momentum during a recent 24-hour period from 6 July 15:00 to 7 July 14:00, climbing from $4.05 to $4.10 with strong buyer support at key levels. The move comes as bitcoin ambles its way back to the $110,000 level of resistance,...
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Core Scientific, Bitcoin Miners Tumble on CoreWeave Buyout; Jefferies Says Price in Expected Range
AI infrastructure firm CoreWeave (CRWV) has agreed to buy bitcoin (BTC) miner Core Scientific (CORZ) in an all-stock deal valuing CORZ at approximately $20.40 per share, based on recent closing prices. The offer price is near the middle of investment bank Jefferies’ prior estimated takeout range of $16–$23/share. The...
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