Markets news
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Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations
A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.
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CFTC Files Crypto Market Rulemaking With White House at Prerule Stage
The Commodity Futures Trading Commission sent a crypto market structure rulemaking to the White House on Thursday, two days after the Senate refused to take up the bill that would have written one into law. It is the only CFTC action pending White House review. Chairman Michael Selig said in...
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Bitcoin Runs to $81,000 and NEAR Adds 32% as Tokenization Tokens Lead
Bitcoin reached $81,000 on Friday and NEAR Protocol gained 32% over 24 hours, as DeFi and tokenization tokens led a rally that started in the Asia session and extended through the first 90 minutes of U.S. trading. Equities did not follow. The S&P 500 was at 7,630, 0.1% below Thursday's 7,638...
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WisdomTree Opens Tokenized Treasury Fund To MoonPay's 35 Million Accounts
WisdomTree and MoonPay will build an access point letting U.S. investors buy shares of WisdomTree's tokenized government money market fund inside MoonPay's platform, and MoonPay will use the fund in the reserve management behind its stablecoin business, the two firms said on Thursday. The... Read...
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Polymarket Hires Ex-Zora CEO for Onchain Product Push
Polymarket has hired former Zora CEO Jacob Horne to work on product with an emphasis on its DeFi offering, as CEO Shayne Coplan acknowledged that the performance of the prediction market’s onchain product has “waned” while the company scaled. Coplan said some longtime users believed Polymarket...
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X Adds US 'Trade' Button to Cashtags With Coinbase, Kraken and Gemini
X launched a U.S. Cashtag Partner Program on Sept. 15 that connects supported stock, ETF and cryptocurrency pages to Coinbase, Kraken, Gemini, Interactive Brokers and Moomoo. The new “Trade” option does not execute a transaction on X. A user taps a Cashtag to see its price chart and related...
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Tenka Announces Pre-Seed Round Led by Maven 11 to Build Market Infrastructure for Asset-Backed Finance
Tenka has closed its pre-seed round to build the market infrastructure that connects the origination of asset-backed finance with a secondary market, giving investors a credible route to liquidity before maturity without changing the terms of the underlying loans. London, England, September 17,......
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The Next Bull Run Could Be One Big Airdrop Away
If you used Uniswap just once before September 2020, even for a failed transaction, you woke up exactly six years ago today to 400 UNI sitting in your wallet, worth about $1,200. Fourteen months after that $450 million airdrop, total crypto market capitalization had surged from roughly $350...
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U.S. OFAC and DOJ Join Forces to Crack Down on Xinbi Guarantee, Restricting More Than $52 Million…
U.S. OFAC and DOJ Join Forces to Crack Down on Xinbi Guarantee, Restricting More Than $52 Million in Crypto Assets On September 9, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Justice (DOJ) announced coordinated enforcement actions against...