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Stay ahead in the crypto world with our up-to-date news covering coins, tokens, and crypto firms. We provide transparent and concise information for both beginners and experts. Stay informed about Bitcoin, Ethereum, Cardano, XRP, memecoins, regulations, exchanges, and blockchain developments.

Bitcoin’s 2% surge brings relief but raises ‘sell-the-rise’ concerns with rising exchange deposits; support levels and historical trends noted In a surprising turn of events, Bitcoin (BTC), the world’s largest cryptocurrency, experienced a 2% price jump over the last 24 hours, bringing its trading price to $26,332 and its market capitalization to a whopping $512 billion. This surge comes as a welcome relief for BTC, which has been under constant selling pressure in recent weeks. However, the sudden price increase has raised concerns about a potential “sell-the-rise” opportunity, particularly in light of the notable surge in exchange deposits. On-chain data…

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CFTC intensifies oversight and penalizes Opyn, ZeroEx, and Deridex for unauthorized digital asset derivative trading, emphasizing a commitment to regulatory clarity. The U.S. Commodities and Futures Trading Commission (CFTC) has intensified its push to oversee the constantly evolving realm of decentralized finance (DeFi). In a recent maneuver, the CFTC has initiated enforcement measures against three DeFi enterprises alleged to have facilitated illicit trading of digital asset derivatives, disregarding regulatory protocols In a recent development that unfolded On September 7, the CFTC cracked down on three DeFi firms, Opyn Inc., ZeroEx Inc., and Deridex Inc., accusing them of facilitating unauthorized digital…

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Grayscale Challenges SEC, Aims for Bitcoin ETF Approval, Highlighting Market Fairness and Legal Victory as Key Milestones In a bold move that could pave the way for a major shift in the cryptocurrency landscape, Grayscale, the prominent asset manager, has informed the Securities and Exchange Commission (SEC) that it sees no legitimate grounds to obstruct the transformation of its flagship Bitcoin fund into a spot exchange-traded fund (ETF). Grayscale’s legal experts dispatched an impactful message to the SEC on 5 September, calling for a meeting to address the aftermath of the recent GBTC conversion challenge in court. This move underscores…

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Binance Announces Fresh Trading Pairs: DOGE, SOL, TOMO, UNFI, and XRP Paired with FDUSD Set to Launch on September 7th In a momentous move, Binance, the world’s leading cryptocurrency exchange, has introduced a groundbreaking innovation by pairing popular cryptocurrencies with the First Digital USD (FDUSD) stablecoin. FDUSD, launched by Hong Kong-based custodian and trust company First Digital in June 2023, coincided with Hong Kong’s bold entry into cryptocurrency regulation on June 1st. This integration of FDUSD on Binance marks a significant milestone in the stablecoin’s journey. In a landscape fraught with uncertainty and regulatory scrutiny surrounding stablecoins, FDUSD stands out…

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Dogecoin community rallies behind Musk & X in free speech battle against ADL, sparking a 1.46% DOGE price recovery In a surprising turn of events, the Dogecoin community has thrown its full support behind Elon Musk and X (formerly Twitter) in their ongoing battle against the Anti-Defamation League (ADL). Musk, a prominent Dogecoin advocate, had previously blamed the ADL for stifling advertising revenue due to pressure exerted on advertisers by the international Jewish non-governmental organization. He has even hinted at possibly a defamation lawsuit against the ADL. Prominent figures within the Dogecoin community, including Dogecoin co-founder Billy Markus (known as…

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Gala Games co-founders Eric Schiermeyer and Wright Thurston are embroiled in a legal battle over 8.645 billion GALA tokens, stirring Web 3.0’s crypto landscape In a seismic legal clash within the Web3.0 domain, GALA Games co-founders Eric Schiermeyer and Wright Thurston find themselves entangled in a high-stakes courtroom drama, spotlighted by analyst Jake Browatzke on Twitter. Schiermeyer has filed a lawsuit in Utah’s District Court, alleging Thurston and his firm, True North United Investments, LLC, orchestrated the audacious theft of 8.645 billion GALA tokens from the company’s reserves. The extensive legal documentation provides a detailed narrative, claiming that he intentionally…

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Solana’s Compressed NFTs Shatter Records with 15.6 Million August Mintings, While U.S. Regulators Take First NFT Enforcement Action In an impressive demonstration of Solana’s dominance in the NFT sphere, the blockchain’s ultra-affordable Compressed NFTs achieved a groundbreaking milestone by minting an astonishing 15.6 million tokens throughout August. Renowned Chinese crypto journalist platform Wu Blockchain highlighted this remarkable achievement in a recent Twitter update. This surge in minting activity represents an unprecedented peak for SOL’s Compressed NFTs, a revolutionary feature engineered to substantially cut down the expenses of generating NFTs on the Solana blockchain, accomplished by compressing the data linked to…

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Attorney Deaton says the potential of Ripple-SEC settlement hinges on the Coinbase lawsuit outcome, impacting crypto staking, and may limit SEC’s appeal options. In the world of cryptocurrency, as speculation swirls about a possible agreement between Ripple and the United States Securities and Exchange Commission (SEC), attorney John Deaton, who advocates for numerous XRP token holders, has delineated the potential courses of action the parties could pursue in the event of a settlement. The outcome of the ongoing Coinbase vs. SEC lawsuit looms large over the Ripple-SEC case. Attorney Deaton emphasizes its significance, suggesting that if the judge rules in…

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A massive XRP transfer from Binance to an undisclosed wallet sparks market speculation amidst Ripple’s legal battles and stagnant XRP price In a startling turn of events, a seismic transfer of Ripple’s XRP has reverberated throughout the cryptocurrency sphere, leaving analysts and enthusiasts abuzz. The cryptocurrency tracking platform Whale Alert has brought a substantial movement of 66,666,659 XRP tokens, equivalent to a staggering $33,065,809, from the crypto behemoth Binance to an undisclosed wallet. This colossal transaction has ignited speculation regarding its potential ramifications for XRP’s price trajectory. This significant transfer represents a single aspect of the wider XRP ecosystem’s intricate…

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Ethereum Co-Founder Vitalik Buterin Sells 500 MKR Tokens Worth $581K for 350 ETH, Raising Questions and Intrigue in Crypto Community In a sensational twist, Ethereum co-founder Vitalik Buterin has sent shockwaves through the cryptocurrency community with an unexpected transaction. Buterin, a prominent figure in the crypto sphere, recently executed a remarkable move by selling 500 MKR tokens valued at a staggering $581,000. This audacious sale took place through CoWSwap, as reported by Data Nerd, and was closely followed by the transfer of the acquired 350 ETH to the address 0x3f6. This important transaction represents Vitalik Buterin’s first MKR token sale…

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