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  • BitMine has made a significant move by purchasing $199 million in Ether, as traders speculate on a pending decline for Ethereum, signaling ongoing volatility in the crypto market.
  • Legal experts are raising concerns about the European Securities and Markets Authority’s proposal to transform into a "European SEC," believing it may complicate licensing processes for crypto and fintech firms in Europe.
  • Coinbase analysts predict a potential recovery for Bitcoin in December, buoyed by expectations of increased liquidity and possible interest rate cuts from the Federal Reserve, even as concerns over market conditions persist.
  • Short-term vulnerabilities are evident as Bitcoin's price hovers around $90,000, and institutional investors are reportedly cautious, with indicators pointing towards a market that is struggling with risk-off signals and correction risks.
  • The approval of spot trading for Bitcoin and Ethereum by the CFTC is viewed as a monumental shift in the landscape, akin to early trading developments in commodities like gold, potentially paving the way for broader institutional participation in crypto.

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