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Mt Gox Initiates Bitcoin Repayments to Creditors

Bitcoin.com
Mt Gox Initiates Bitcoin Repayments to Creditors
BCH
Mt Gox Initiates Bitcoin Repayments to CreditorsThe Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price dropped amid these developments and other market activities. Mt. Gox Begins […]
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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Bitcoin drops below $54K as crypto liquidations near $665M

Coin Telegraph
Bitcoin drops below K as crypto liquidations near 5M
Bitcoin

Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.

Bitcoin (BTC) hit a four-month low of $53,499 on Coinbase as news of Mt. Gox’s latest cold wallet transfer hit the markets.

BTC plummeted starting at around July 5 at 4:19 am UTC — its lowest level since late February, per TradingView. Meanwhile, crypto liquidations have climbed to $664.5 million over the past 24 hours — its highest in two months, according to CoinGlass.

Bitcoin has slightly recovered to $54,300, down around 7.4% in the last 24 hours.

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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Bitcoin Hits New Low Since February, Options Market Stays Optimistic

Bitcoin.com
Bitcoin Hits New Low Since February, Options Market Stays Optimistic
Bitcoin
Bitcoin Hits New Low Since February, Options Market Stays OptimisticAccording to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that despite the current crypto sell-off, the options market remains hopeful. Crypto Liquidation Tops $305M as […]
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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Proof-of-Work Altcoin Defies Market Doldrums and Surges by 25% This Week Ahead of New Token Standard Launch

The Daily Hodl
Proof-of-Work Altcoin Defies Market Doldrums and Surges by 25% This Week Ahead of New Token Standard Launch
Altcoins
Proof-of-Work Altcoin Defies Market Doldrums and Surges by 25% This Week Ahead of New Token Standard Launch

A proof-of-work, layer-1 altcoin has defied the crypto market doldrums and surged by 25% this week ahead of an upcoming protocol launch. Kaspa (KAS), which bills itself as “the fastest, open-source, decentralized and fully scalable layer-1 in the world,” is trading around $0.18 at time of writing, up from $0.144 seven days ago. The 27th-ranked […]

The post Proof-of-Work Altcoin Defies Market Doldrums and Surges by 25% This Week Ahead of New Token Standard Launch appeared first on The Daily Hodl.

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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Bill Miller Explains Why Bitcoin Is Still Undervalued

Bitcoin.com
Bill Miller Explains Why Bitcoin Is Still Undervalued
Bitcoin
Bill Miller Explains Why Bitcoin Is Still UndervaluedBill Miller IV, chairman and CIO of Miller Value Partners, has explained why bitcoin is undervalued despite the cryptocurrency’s recent highs. He emphasized bitcoin’s potential as a revolutionary monetary system superior to fiat currencies, which are subject to human control and debasement. Miller believes bitcoin’s market cap has room for substantial growth. ‘I Believe Bitcoin […]
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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

How billions in outflows from Grayscale could impact Ethereum ETF launch

Coin Telegraph
How billions in outflows from Grayscale could impact Ethereum ETF launch
Coin Telegraph

Outflows from the Grayscale Ethereum Trust (ETHE) could dampen the Spot Ethereum ETF approval party but create significant opportunities for traders.

In a surprise for markets, the U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum ETFs on May 23, leading to a wave of positive sentiment.

But perhaps even more surprisingly, the Ether (ETH) price barely reacted to the news.

Before the SEC announcement on May 23, the price of Ether was $3,742.31. It rose to $3,959.28 on May 27 before falling to $3859.39 on May 28. A consistent bull run has yet to emerge.

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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

New South Korean leadership will press for BTC ETF trading

Coin Telegraph
New South Korean leadership will press for BTC ETF trading
Capital Markets Act

The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another.

The Democratic Party of Korea will request that the Financial Services Commission (FSC) reconsider its interpretation of the legal status of spot Bitcoin (BTC) exchange-traded funds (ETFs), according to a local press report. Allowing spot ETFs with underlying virtual assets was one of the party’s campaign promises.

An unnamed official of the Democratic Party policy committee told The Korea Economic Daily that the party would make the request after the opening of the National Assembly in June. The opposition party was swept into power in the April elections in South Korea and holds 175 of 300 seats in the legislative body.

The FSC issued a statement on Jan. 12 saying domestic securities firms could violate the Capital Markets Act by listing foreign spot BTC ETFs. The United States Securities and Exchange Commission approved spot BTC ETF trading on Jan. 10. The South Korean financial regulator’s position was not well received. The previous presidential administration urged the FSC to reconsider its decision on Jan. 18.

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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Gold and Silver Weather the Storm as Middle East Unrest Shakes Crypto Markets

Bitcoin.com
Gold and Silver Weather the Storm as Middle East Unrest Shakes Crypto Markets
Bitcoin
Gold and Silver Weather the Storm as Middle East Unrest Shakes Crypto MarketsOver the weekend, cryptocurrency assets saw a significant drop, with the crypto economy shedding more than 5% to fall to $2.3 trillion, while precious metals also saw declines, albeit less severe than the digital currency sector. Amidst the ongoing turmoil in the Middle East, gold fell by 1.18% in the last day; however, in contrast […]
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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour

Bitcoin.com
Massive Bitcoin Market Turbulence Triggers ,500 Crash; 7M in BTC Longs Erased in 1 Hour
Bitcoin
Massive Bitcoin Market Turbulence Triggers ,500 Crash; 7M in BTC Longs Erased in 1 HourThe price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations Reported By 4:00 p.m. Eastern Time on Saturday, bitcoin’s […]
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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Leveraged Crypto Traders Hit Hard: $872M Liquidated in a Single Day Amid Bitcoin Price Drop

Bitcoin.com
Leveraged Crypto Traders Hit Hard: 2M Liquidated in a Single Day Amid Bitcoin Price Drop
Bitcoin
Leveraged Crypto Traders Hit Hard: 2M Liquidated in a Single Day Amid Bitcoin Price DropOn April 12, bitcoin briefly reached above the $71,000 threshold, but its value plunged by more than $3,000 after a substantial sell-off at 2:00 p.m. Eastern Time. The price of bitcoin in USD tumbled to an intraday low of $65,230. Over the past 24 hours, leveraged crypto positions totaling $871.88 million were eradicated. Liquidations Near […]
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‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

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