Market Updates
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Solana Surges 5%, Targets $200 as Bullish Momentum Builds
Solana (SOL) climbed over 5% on Wednesday, joining a broader crypto market upswing. The token reached $155, with trading volume surging 37% to $4 billion. Market watchers are now eyeing a potential move toward $200 as bullish indicators strengthen. SOL had previously bottomed at $127 in June before staging a rebound. It recently broke above…
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Bitcoin Rebounds Above $106K as Israel-Iran Ceasefire Holds; Analysts Forecast $160K by Year-End
Key Takeaways: Bitcoin rebounded above $106,000 Wednesday after dipping below $100,000 earlier this week, helped by signs a fragile Israel-Iran ceasefire is holding and calming markets. Ether rose 0.5 % to $2,442, nearing $2,450 resistance; Dogecoin ticked to $0.166, Solana slipped to $146, and Cardano eased to $0.582 early Wednesday trading. Bitget Research chief analyst…
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Title: Hedge Fund Execs Plan $100M BNB Treasury Through Nasdaq Firm
Hedge fund executives are preparing to raise $100 million to build a Binance Coin (BNB) treasury using a Nasdaq-listed company, according to a Bloomberg report. The plan mirrors Michael Saylor’s approach with Bitcoin and could mark a major institutional move toward BNB. The team behind the proposal includes former Coral Capital Holdings members Patrick Horsman, Joshua Kruger,…
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Trump Media Approves $400M Stock Buyback, Eyes Bitcoin and Crypto ETFs
Trump Media & Technology Group (TMTG), the parent company of Truth Social, Truth+, and Truth.Fi, has approved a share buyback program worth up to $400 million. The company announced the decision on Monday, stating that the repurchased shares and warrants will be retired permanently. Following the news, TMTG shares listed under the ticker symbol DJT…
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Stablecoin Bill: GENIUS Act Advances Following Cloture Vote
The U.S. Senate has moved one step closer to passing the GENIUS Act, a bill that would create new rules for stablecoins. The bill got strong bipartisan support, with 68 senators voting in favor and 30 against a motion to limit debate. The vote happened this week, and a final vote on the bill could…
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Crypto Industry celebrates as BRCA Is Included in CLARITY Act
Major players in the cryptocurrency sector, including Uniswap, Jump, and six other leading organisations, have welcomed the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act. This initiative, highlights by Journalist Eleanor Terrett in an X post, is seen as a critical step in protecting developers working on non-custodial blockchain technologies. The…
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Tether Open-Source Bitcoin Mining OS to Boost Dentralization
Tether has announced plans to open-source its proprietary Bitcoin Mining Operating System (MOS). The move, revealed by Tether CEO Paolo Ardoino in a recent social media post, aims to reduce the dominance of large mining corporations and provide smaller operations with the tools needed to compete daily. Ardoino emphasised that MOS eliminates the need for…
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ConsenSys-Linked Whale, Buys $320 Million in Ethereum, Stakes $120 Million
A major Ethereum investor linked to ConsenSys, bought $320 million worth of ETH this week and staked $120 million of it, signalling strong confidence in the cryptocurrency. According to Arkham intelligence, this investor, linked to ConsenSys, purchased 100,000 ETH from Galaxy Digital. Market experts say that this kind of large-scale buying is a bullish sign…
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NewGen Invests $30M in Solana Staking, Expands Crypto Strategy
In a surprising move outside its core business, Asian fertility services provider NewGen Group Limited (NASDAQ: NIVF) is stepping deeper into the world of crypto, having announced a $30 million stake in Solana (SOL), a fast-growing blockchain known for its low fees and high-speed transactions. This investment follows its earlier $1 million Bitcoin purchase in…
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UK’s IG Group Launches XRP Spot Trading in Big Crypto Push
In a bold move to tap into the rising interest in digital assets, UK-based IG Group has launched spot trading for XRP and 37 other crypto on its platform. The $3.5 billion trading firm has now become the first London-listed broker to offer direct retail access to a wide range of crypto tokens, including Bitcoin…