investor confidence
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Trust Machines: Bitcoin usage experienced explosive growth in the first quarter of 2023
On April 30th, according to the latest research by Trust Machines, a Bitcoin ecosystem company, in the first quarter of 2023, \”Bitcoin use cases experienced explosive growth.
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Understanding the Recent Dip in the A-Share Market: What you Need to Know
According to news, the A-share market closed at 3264.87 points on the Shanghai Composite Index, down 0.32%, while the Shenzhen Composite Index closed at 11149.01 points, down 1.48%
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BTC Market Pressure Increases as Deposits Rise: What Does it Mean?
According to reports, as BTC fell below the $28000 level, market selling pressure increased. After the recent Bitcoin long liquidation event, the exchange once again witnessed the
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Huobi Begins STRX/TRX Spot Trading and Coin Withdrawal Services
According to the latest news, Huobi has started STRX/TRX spot trading and will open STRX\’s coin withdrawal service on April 22nd at 17:00 (GMT+8). STRX contract address (TRC20): TU
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The Need for a Common Framework to Address Cryptocurrency Risks: India’s Perspective as G20 Presidency
On April 11th, Indian Finance Minister Nirmala Sitharaman stated that India\’s purpose as the G20 presidency is to develop a common framework for all countries to address the risks
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Glassnode Data Shows Significant Decrease in Addresses Holding Over 100 Bitcoins
According to reports, Glassnode data shows that 15962 addresses hold over 100 Bitcoins, a new low in three months.
Data: Addresses holding over 100 Bitcoins hit a three month low
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Community Approval for Arbitrum Governance and Funding
According to reports, Patrick McCorry, an employee of the Arbitrum Foundation, stated in a forum post earlier Sunday that the Arbitrum ecosystem\’s first community vote on everythin
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Cryptocurrencies and the Need for Eradicating Fraud and Manipulation: Insights from CFTC Chairman
According to reports, CFTC Chairman Rostin Behnam stated that there is a need to eradicate fraud and manipulation in cryptocurrencies.
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FTX Founder SBF Refuses to Plead Guilty to Criminal Charges: What You Need to Know
According to reports, FTX founder SBF has refused to plead guilty to new criminal charges in the United States, including conspiracy to violate campaign finance laws and bribery of
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The total value of ETH 2.0 deposit contracts reached a record high
According to reports, Glassnode data shows that the total value of ETH 2.0 deposit contracts has just reached an all-time high of 16983767 ETH. Interpretation of this information: The current cryptocurrency market is highly affected by the recent news of a surge in ETH 2.0 deposits. Obtaining data from Glassnode, reports suggest that the total value of ETH 2.0 deposit contracts has just reached an all-time high of 16983767 ETH. This denotes that the Ethereum blockchain is going through a significant transition and the acceptance of the network upgrade for…
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Last Friday, the collapse of a Silicon Valley bank caused $397 million of funds to flow into ARKK, hitting a new high since April 2021
On March 15th, according to Wall Street news, the collapse of a Silicon Valley bank on Friday led to the inflow of $397 million into Cathie Wood’s ARK Innovation ETF (ARKK), a multi-year high. This is the largest inflow of funds since April 2021. Interpretation of this information: The collapse of a Silicon Valley bank on March 15th has resulted in the inflow of $397 million into Cathie Wood’s ARK Innovation ETF, as reported by Wall Street news. This event has caused a multi-year high for the fund, which has…
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Bitcoin short positions of more than US $100 million were closed yesterday, reaching a two-month high
On March 14, Bitcoin rose more than 11% in the past 24 hours, and its trading price on Tuesday exceeded $24700, recovering all losses on the weekend, hitting a three-week high. Interpretation of this information: Bitcoin has made remarkable progress in the past 24 hours as its trading price on Tuesday rose more than 11%, exceeding $24700. Experts are suggesting that this rebound has been possible due to renewed investor confidence, which was lost after Bitcoin suffered a weekend slump that saw it lose ground to other dominant cryptocurrencies. It’s…
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Bank of the First Republic fell more than 70%, with a market value of less than $4.5 billion
It is reported that the shares of Bank of America continued to fall before the market, with Bank of First Republic falling more than 70%, with a market value of less than US $4.5 billion. Western Pacific Union Bank fell by more than 40%, and Alexis Western Bank fell by more than 30%. Interpretation of this information: The recent report has revealed that the shares of Bank of America have continued to decline. This is concerning news for the bank as it may suggest a lack of investor confidence in…
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Bank of America’s First Republic fell more than 30% before the session
It is reported that the Bank of First Republic of the United States fell more than 30% before the opening of the session. After the Bank of Silicon Valley, the Bank was also run late last week. Interpretation of this information: The news of the Bank of First Republic of the United States experiencing a sudden 30% fall before the opening of the current session has caused a ripple effect in the financial sector of the country. The Bank of Silicon Valley went through a similar scenario last week, adding…
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CEO of BitGo: regulators are taking action quickly
According to reports, Mike Belshe, CEO and co-founder of BitGo, said that the short time between the collapse of the FTX exchange in November 2022 and the decision of the United States Securities and Exchange Commission (SEC) to expand the types of digital assets included in the so-called custody rules in February 2023 showed that regulators were taking rapid action to take measures they considered effective to protect the encryption industry. Interpretation of this information: The message highlights the reaction of regulators in the United States to protect the digital…
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The share price of Coinbase rose to a high of $64.09 after opening, up nearly 4%
It is reported that after the announcement of the launch of Ethereum L2 “Base”, the share price of Coinbase rose after the opening and rose to a high of $64.09, up nearly 4%, and then fell slightly to $62.15. At present, the market value of Coinbase is about $14.09 billion. Interpretation of this information: The recent announcement of the launch of Ethereum L2 “Base” has evidently led to a surge in the share prices of Coinbase. The report reveals that the share prices of Coinbase rose by almost 4% after…