Withdrawals and trading for Monero (XMR) on the Kraken exchange remain open, and deposits will resume once it is safe, the exchange said. Crypto exchange Kraken has temporarily paused Monero deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network. A 51% attack occurs when one mining pool…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Kraken pauses deposits for Monero, Gemini has filed to list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its IPO. Meanwhile, traders…
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Galaxy Digital CEO Mike Novogratz’s comments come the same week Bitcoin surged to new all-time highs of $124,128. Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn’t be a victory but rather a sign that the US economy is in serious trouble. “People who cheer for the million-dollar Bitcoin price next year,…
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US Treasury Secretary Scott Bessent clarified that the department was exploring budget-neutral ways to buy Bitcoin, contradicting an earlier comment that tanked the market. US Treasury Secretary Scott Bessent clarified that his department was still exploring budget-neutral ways to buy Bitcoin for the Strategic Bitcoin Reserve, in contrast with a recent comment suggesting it was…
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A crypto trader said Bitcoin is at a “key resistance,” similar to the level where it topped in 2021, but other traders argued historical charts can’t be applied to this cycle. Bitcoin’s price chart is starting to mimic the pattern it displayed when it reached the previous cycle’s all-time high of $69,000 in November 2021,…
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Bitcoin dominance has fallen to a six-month low while altcoin market cap jumped 50% since July, setting the stage for a potential September altseason, said Coinbase. Altcoins have seen significant growth recently, and current crypto market conditions suggest there could soon be a shift towards cryptocurrencies outside of Bitcoin, according to Coinbase. “We think current…
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Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase. Key takeaways: July US CPI held steady at 2.7% year-over-year, boosting Fed rate cut bets to 93.9% for September. Key price support lies between $117,650 to $115,650, with a deeper drop potentially testing a CME gap at $95,000.…
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Coinbase has revived its fund to boost USDC liquidity in DeFi, starting with supporting the stablecoin on Aave, Morpho, Kamino, and Jupiter. Coinbase is relaunching its Stablecoin Bootstrap Fund first introduced in 2019 to boost the liquidity of the stablecoin USDC in a range of popular and emerging decentralized finance protocols. Coinbase said on Tuesday its first…
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Despite Ether finally edging back toward its all-time high of $4,878, chatter on social media shows retail traders remain skeptical and in disbelief, according to Santiment. Social media chatter shows retail traders are in disbelief about Ether’s recent rally and are selling off their holdings to be scooped up by large crypto buyers, says the…
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Hines said he is leaving the crypto advisory group to rejoin the private sector but will continue to support the cryptocurrency industry. Bo Hines, the executive director of US president Donald Trump’s White House Crypto Council, announced he is stepping down on Saturday. Hines, who was appointed by the president to lead the advisory group in December…
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