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Crypto

AI Summary

  • China's mBridge project for CBDC cross-border payments has surpassed $55 billion, as the Bank for International Settlements steps back from involvement amid sanctions-related concerns.
  • Ethereum's validator exit queue has decreased to zero due to soaring staking demand, enhancing ETH’s supply-demand dynamics and potentially indicating future price increases.
  • Coinbase's recent withdrawal of support for the CLARITY Act has raised concerns about the future of crypto regulation in the U.S., as the Senate Banking Committee's discussions face delays and industry leaders seek clarity on pending legislation.
  • Bitcoin is experiencing a significant breakout phase with recent price movements targeting $107,000, influenced by diminishing sales from long-term holders and increasing ETF inflows amid a more favorable institutional environment.
  • Recent social engineering attacks have resulted in the theft of $282 million from crypto users, underscoring ongoing vulnerabilities and the need for improved security measures within the industry.

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