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Chart of the Week: Bitcoin Soars, But ‘Wen Lambo’ Crowd Is Missing From the Rally

What happens when retail logs off from crypto and Wall Street tunes in? Looking at bitcoin’s BTC$107,413.73 recent all-time-high, one would say it feels bullish and the industry is maturing. That might as well be the case, but we might not be there …

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BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

As spot bitcoin BTC$110,950.66 exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more and more people are able to gain exposure to digital assets through their individual retirement accounts (IRAs). IRAs offer tax …

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Global Dollar USDG Eyes Hundreds of Partners Attracted by Yield, Sees ‘Big Names’ From TradFi

It’s early days for the küresel dollar (USDG), a stablecoin that debuted in November, but a thousand firms could join the group that helps popularize the token in return for a share of the yield earned on reserve assets, according to crypto exchange …

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Why Are Bitcoin Traders Aggressively Shorting as BTC Hits New Record High?

Bitcoin {BTC} galloped to a new record high above $110,000 on Thursday, liquidating around $500 million worth of derivatives positions in its wake, but some traders aren’t buying into the bullish sentiment. Trading volume jumped by 74% in the past 24 …

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‘Days to Cover mNAV’: The New Standard for Evaluating Bitcoin Equities

As bitcoin (BTC) continues to mature as an institutional asset, a growing number of public companies are integrating BTC into their treasuries, sparking renewed investor interest in so-called leveraged bitcoin equities (LBEs). But with valuations …

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Apollo’s Tokenized Credit Fund Set for Solana DeFi Debut as RWA Trend Expands

A tokenized version of a major private credit fund managed by Apollo will arrive on Solana’s SOL$165.06 decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network. The launch, orchestrated by …

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Movement Labs and Mantra Scandal Are Shaking up Crypto Market-Making

Two of the year’s most chaotic token blowups — Movement Labs’ MOVE scandal and the collapse of Mantra’s OM — are sending shockwaves through crypto’s market-making businesses. In both cases, rapid price crashes revealed hidden actors, questionable …

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FTX to Pay Over $5B to Creditors as Bankrupt Exchange Gears Up for Distribution

FTX creditors are set to receive over $5 billion in distributions starting May 30, as part of the second phase of the bankrupt exchange’s court-approved recovery plan, the FTX Recovery Trust said Thursday. The estate will hisse out to four classes of …

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Telegram Cracks Down on Suspected $8B Chinese Crypto Crime Marketplace Set Up in Colorado

Messaging app Telegram has closed thousands of channels belonging to suspected Chinese crypto-crime marketplaces after new research shed light on the situation, according to Elliptic. The closure follows a report published by the blockchain analytics …

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Ethereum’s Next Upgrade ‘Fusaka’ Could Cut Layer-2 and Validator Costs

After the successful deployment last week of Pectra, Ethereum’s biggest upgrade in more than a year, the network’s core developers are already shifting focus to the next major chain upgrade: Fusaka. Pectra, the biggest code change to Ethereum since …

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