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The recent dip in the price of Bitcoin below the $59,000 support level has sent shockwaves through the cryptocurrency market. Analysts are sounding alarms about the potential for a more significant decline in the absence of a pronounced market capitulation. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions, indicating a
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Eigenlayer, the leading project in Ethereum Restaking, is gearing up to launch its airdrop for collection on May 10th. BingX Exchange, a well-known crypto exchange, will be listing Eigenlayer’s token $EIGEN for trading immediately after the airdrop. The Significance of Eigenlayer in 2024 Eigenlayer has emerged as the most substantial Restaking project on Ethereum in
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Rep. Maxine Waters has put forth the suggestion that Ms. Kristin Johnson, who currently serves as a Commissioner of the US Commodity Futures Trading Commission (CFTC), be nominated for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. Waters highlighted Johnson’s expertise in financial regulation and her dedication to maintaining
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Coinbase recently announced a staggering revenue of $1.64 billion in the first quarter, surpassing the initially expected $1.34 billion. This remarkable surge in revenue coincided with a robust Bitcoin rally that has made a significant impact on the entire crypto market. The company’s earnings per share were reported at $4.40, well above the average analyst
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The recent market-wide crash in the cryptocurrency space has caused Bitcoin’s price to trend below $60,000, triggering a 20% decline. This significant drop has exposed multiple critical support levels for Bitcoin, raising concerns about the future direction of the cryptocurrency. Crypto analyst Norok has emphasized the importance of the $51,800 support level for Bitcoin in
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Recently, Fintech giant Block, which oversees Square and Cash App, has come under the radar of federal prosecutors from the Southern District of New York. Allegations of significant compliance failures have surfaced, following disclosures by a former employee regarding lapses in the company’s transaction monitoring systems. The alleged mishaps involve Square processing transactions with entities
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Bitcoin has recently broken below the $60,000 support level for the first time in two months, signaling a potential shift in market sentiment. The euphoria that surrounded Bitcoin for the past 6.5 months seems to be fading, according to a new report from Glassnode. This shift is evident in the increasing distribution of BTC into
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