CRYPTO MARKET UPDATE

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Axelar and Microsoft Partnership: Bridging Web3 and Traditional Internet Systems

Axelar, a leading cross-chain communication protocol, and Microsoft, the technology giant, have recently announced a strategic partnership to foster the integration of Web3 and traditional internet systems. This collaboration aims…
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Vanguard Group Acquires 10.24% Stake in Riot Platforms Bitcoin Mining

In a significant move that showcases the growing interest in cryptocurrencies and blockchain technology, the Vanguard Group, one of the world’s largest investment management companies, has recently purchased a 10.24%…
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Standard Chartered Bank Forecasts Bitcoin to Reach $50,000 by 2023 and $120,000 by 2024

In a recent research note, Standard Chartered Bank, a renowned financial institution, has made bold predictions about the future price of Bitcoin. According to the bank’s analysts, the price of…
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Bored Ape Yacht Club Announces Launch of “Made by Apes”

In a groundbreaking move that is set to revolutionize the world of digital art, the Bored Ape Yacht Club (BAYC) has announced its upcoming launch of the “Made by Apes”…
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Algofi, Leading DeFi Protocol in Algorand Ecosystem, Ceases Operations

Algofi, the prominent decentralized finance (DeFi) protocol operating within the Algorand ecosystem, recently made a surprising announcement that it will be discontinuing its operations. The protocol, which gained significant attention…
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Rodeo Finance Exploited: $1.53 Million Worth of ETH Stolen

@PeckShieldAlert reported in a recent attack on Rodeo Finance, an exploit resulted in the theft of approximately $1.53 million worth of Ethereum (ETH), equivalent to around 810.1 ETH. The hacker…
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Multichain Witnesses Massive Abnormal Outflows Worth $117 Million in 12 Hours

Multichain, a prominent blockchain platform, has experienced an overwhelming surge of abnormal outflows within the past 12 hours. The total value of the assets transferred to a new address, is…
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Former SEC Chair Advocates for Approval of Spot Bitcoin ETF

In a recent interview with CNBC, Jay Clayton, the former Chair of the U.S. Securities and Exchange Commission (SEC), expressed his belief that a Spot Bitcoin Exchange-Traded Fund (ETF) should…
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Binance Launchpad Announces Arkham $ARKM

Binance, the leading cryptocurrency exchange, is thrilled to unveil Arkham (ARKM) as the 32nd project to be launched on its renowned Binance Launchpad. The much-anticipated webpage for Arkham is expected…
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ArcadiaFi Hack, $455K Loss on Ethereum and Optimism Networks

ArcadiaFi exploit on both the Ethereum and Optimism networks resulted in a staggering loss of $455,000. The exploit was facilitated through the manipulation of conversations and took advantage of vulnerabilities…
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Voyager Witnesses Net Outflow of $250 Million as Withdrawals Resume

Voyager, a popular cryptocurrency platform, recently reopened withdrawals on June 23, which led to a significant net outflow of $250 million worth of crypto assets. Despite the outflow, the platform…
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Hong Kong Launches New Licensing Regime for Crypto Asset Trading Platforms

Hong Kong has launched a new licensing regime for virtual asset trading platforms (VATPs). The Hong Kong Securities and Investment Institute (HKSI) has taken the initiative to develop the respective…

Bitcoin’s Hashrate Reaches New Heights, Price Surges by 14% in 30 Days

Bitcoin’s network hashrate has soared to unprecedented levels, reaching an average of 401 EH/s over the past seven days and an average of 445 EH/s in just three days, according…
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Exciting Developments are on the Horizon for Shiba Inu as Shibarium Launch Approaches

Shiba Inu as the highly anticipated launch of Shibarium, the project’s Layer 2 blockchain, approaches. With the official release date expected to be announced during the Blockchain Futurist Conference in…
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According to Matrixport, Bitcoin could reach $125,000 by the end of 2024

Bitcoin, the world’s most well-known cryptocurrency, has been a subject of intense speculation and price volatility since its inception. With its value constantly fluctuating, investors and analysts are always on…
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Bitcoin Ordinal Inscriptions Reach Record High as Payment Fees Decline

In a significant development for the crypto market, the number of Bitcoin Ordinal Inscriptions minted in a single day reached a staggering 350,000 on July 8, marking the highest daily…
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The Reserve Bank of Zimbabwe’s Gold-Backed Digital Currency

In a bid to stabilize Zimbabwe’s struggling economy, the Reserve Bank of Zimbabwe has embarked on a “dry run” test for the launch of a gold-backed digital currency. This innovative…
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Bitcoin Halving Expected to Double Production Cost, Increasing Pressure on Miners

The anticipated 2024 Bitcoin halving is predicted to have a profound impact on the production cost of Bitcoin, potentially doubling it to approximately $40,000. This change is expected to put…
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