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Crypto

AI Summary

  • The crypto market recently plunged into "extreme fear" territory, with Bitcoin briefly touching multi-month lows and triggering billions in liquidations across the board, though some assets are now showing signs of a rebound.
  • Institutional strategies are diverging, as some major firms like ARK Invest are selling Coinbase shares while others, like Metaplanet, remain committed to aggressive Bitcoin accumulation despite significant paper losses.
  • Crypto political action committees are amassing large war chests to influence upcoming US midterms and shape favorable legislation, amidst ongoing debates about stablecoin regulation and market structure.
  • Key industry infrastructure is evolving, with platforms like Pump.fun making strategic acquisitions to enhance trading tools and prediction markets moving towards native stablecoin settlements for improved efficiency.
  • Tether is actively investing in new ventures like tokenized gold platforms and federally regulated crypto banks, signaling a broader push to integrate stablecoins with traditional financial products and expand their utility.

Cointelegraph

  • Crypto PACs secure massive war chests ahead of US midterms an hour ago by Cointelegraph by Aaron Wood

    Crypto super PACs are getting millions of dollars in contributions to spend supporting candidates who will advance their policies in Washington.

  • Bitcoin Core dev Gloria Zhao quits maintainer role after six-year stint 2 hours ago by Cointelegraph by Christina Comben

    Bitcoin Core maintainer Gloria Zhao has stepped down and revoked her PGP signing key after six years as one of the project’s most influential mempool and policy engineers.

  • Why privacy coins often appear in post-hack fund flows 2 hours ago by Cointelegraph by Dilip Kumar Patairya

    Privacy coins often appear after hacks, but they are only one link in a longer laundering chain that includes swaps, bridges and off-ramps.

  • Here’s what happened in crypto today 2 hours ago by Cointelegraph by Cointelegraph
    Trump memecoin, Solana memecoin, TRUMP token, Solana, SOL, Nova Labs, SEC, Securities and Exchange Commission, Crypto regulation, TRUMP rally, Bitcoin

    Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

  • Trend Research dumps over 400K ETH as liquidation risk rises 2 hours ago by Cointelegraph by Zoltan Vardai

    Trend Research has been reducing its Ether exposure, as ETH price closed in on some of the investment company's critical liquidation levels below $1,700.


CoinDesk


Decrypt


AMBCrypto


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