CRYPTO MARKET UPDATE

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Bitcoin Reserves on U.S. Crypto Exchanges Plummet to 2017 Levels

According to the CryptoQuant report, the decline in Bitcoin reserves on U.S. crypto exchanges can be attributed to the reluctance of these platforms to bear the potential risks associated with…
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Potential Phishing Exploits in the Blur’s Blend Protocol

The Blur’s Blend Protocol, has been gaining popularity in the crypto community, recently introduced two new EIP712 messages: LoanOffer and SellOffer. While these messages enhance the functionality of the protocol,…
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OECD Proposes New Tax Standards for Crypto Worldwide

In a significant move to regulate the rapidly expanding crypto-asset market, the Organisation for Economic Co-operation and Development (OECD) has proposed new tax standards that aim to enhance global tax…
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The Crypto Market Crash: Assessing the Fallout and Identifying Potential Winners

The cryptocurrency market recently experienced a significant crash triggered by the US Securities and Exchange Commission (SEC) filing lawsuits against major exchanges, Binance and Coinbase. These legal actions alleged illegal…
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Solana Foundation Disagrees with SEC SOL Classification as Security

The Solana Foundation has responded to the ongoing debate regarding the characterization of SOL, the native cryptocurrency of the Solana blockchain, as a security. The foundation strongly disagrees with this…
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Ethereum Developers Reach Consensus on Dencun Upgrade: Boosting Data Storage and Reducing Fees

Ethereum developers came to a unified agreement regarding the comprehensive Dencun upgrade, which encompasses five Ethereum Improvement Proposals (EIPs). EIP Understanding the Dencun Upgrade EIP-4844: Proto-Danksharding for Increased Data Storage…
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Ethereum’s L2 Supplier Fees: Arbitrum and Optimism Hit All-Time Highs

Ethereum has emerged as a prominent platform for decentralized applications (DApps) and smart contracts. As Ethereum’s popularity grows, so does the demand for Layer 2 (L2) scaling solutions to address…
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Allegations of Fraud Against Curve Founder

Venture firms have come forward to accuse the founder of Curve, of orchestrating an elaborate fraud scheme. The allegations leveled against the founder have sent shockwaves through the startup community,…
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Hong Kong Welcomes Global Crypto Exchanges for Compliance and Stock Listing

In a recent statement, Hong Kong legislator Jonny Ng extended an invitation to global cryptocurrency exchanges, including Coinbase, to apply for compliance exchanges in Hong Kong. Ng expressed his willingness…
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Coinbase CEO Brian Armstrong Optimistic about US Crypto Regulatory Policies Post-2024 Election

In a recent interview, Coinbase CEO Brian Armstrong expressed optimism about potential changes in US cryptocurrency regulatory policies following the 2024 U.S. election. Armstrong highlighted the Republican Party’s favorable stance…
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TUSD Pool Tilts as Users Opt for USDT-Based Stablecoins

In a recent development, the TUSD pool on Curve, boasting a Total Value Locked (TVL) of US$15.5 million, has witnessed a significant shift as users increasingly convert TUSD (TrueUSD) into…
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22.5 Million MATIC Tokens Transferred as Robinhood Exits Marke

Popular trading platform Robinhood has recently delisted MATIC, the native cryptocurrency of the Polygon network. The delisting decision sent shockwaves through the crypto community, leading to a massive transfer of…
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0xPolygon Founder Stays Focused on Long-Term Ecosystem Development

The world of cryptocurrencies and blockchain technology is constantly evolving and facing regulatory challenges. One such challenge has recently emerged for Matic, a prominent project in the cryptocurrency space that…
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$100,000 Was Stolen From $OKLG Token, Rug Pull

A developer made a substantial transaction involving the sale of $OKLG tokens. The transaction, valued at 50 ETH DOT The developer, identified by their Ethereum address 0xBBb0bB7EC7d45d1B22e6eC83ad329621fa4683754, executed a single…
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Binance Declared ‘Illegal’ by Nigeria’s SEC

Bloomberg reported, Nigeria’s Securities and Exchange Commission (SEC) has recently declared the operations of Binance Holdings Ltd., the world’s largest cryptocurrency exchange, as ‘illegal’ within the country. This announcement by…
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Against All Odds: How a Modest Miner Struck Bitcoin in the Crypto World

In the world of cryptocurrency mining, success is often reserved for those equipped with powerful hardware and extensive computational resources. However, a recent event has caught the attention of the…
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Crypto.com Ceases U.S. Institutional Services Amid Limited Demand

In a recent announcement, Singapore-based cryptocurrency exchange Crypto.com disclosed its decision to discontinue providing services to institutional clients in the United States, effective from June 21. This strategic move comes…
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The Decentralized Finance (DeFi) Sector Witnesses Surge in Liquidation Volume

The decentralized finance (DeFi) sector has recently experienced a significant surge in liquidation volume, reaching over $11 million, as reported by Parsec’s latest data. This milestone marks the highest recorded…
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