Against this backdrop, over the past 24 hours, traders’ positions worth $1.14 billion were liquidated — with $1 billion of that coming from short positions.
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🇨🇳 Chinese authorities are discussing policy approaches to stablecoins and cryptocurrencies — a sign of a possible softening in the country’s stance.
The meeting was held by Shanghai's State-owned Assets Supervision and Administration Commission amid growing calls from experts and companies to develop a yuan-pegged stablecoin.
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The meeting was held by Shanghai's State-owned Assets Supervision and Administration Commission amid growing calls from experts and companies to develop a yuan-pegged stablecoin.
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🇵🇾 KULR is expanding its Bitcoin mining operations in Paraguay, installing 3 570 ASICs and boosting capacity to 750 PH/s — the country was chosen for its cheap, renewable electricity from the Itaipú hydroelectric dam. By the end of summer, KULR aims to reach 1.25 EH/s and follows a “Buy or Mine” strategy — both mining and purchasing BTC on the open market.
Paraguay gets over 99% of its electricity from Itaipú and smaller dams like Yacyretá and Acaray. With a population of just 6.7 million, the country consumes only a fraction of its energy production, allowing it to export around 90% to neighboring countries.
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Paraguay gets over 99% of its electricity from Itaipú and smaller dams like Yacyretá and Acaray. With a population of just 6.7 million, the country consumes only a fraction of its energy production, allowing it to export around 90% to neighboring countries.
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The largest share of that inflow went to BlackRock’s fund.
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🇰🇿 Kazakhstan is considering investing part of its gold and foreign exchange reserves into crypto assets, according to the head of the Central Bank.
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🇧🇹 The government of Bhutan transferred 313 BTC ($37 000 000) to Binance over the course of two days.
Authorities had previously stated that they use Bitcoin as a tool to support the economy and increase wages.
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Authorities had previously stated that they use Bitcoin as a tool to support the economy and increase wages.
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🧬 The Ethereum Foundation plans to integrate ZK proofs (zero-knowledge proofs) into the Ethereum mainnet, aiming to make solo staking easier and improve the network’s resistance to censorship.
ZK proofs allow blocks to be verified quickly and securely without re-executing all transactions. This enhances scalability and accessibility while reducing hardware requirements for validators.
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ZK proofs allow blocks to be verified quickly and securely without re-executing all transactions. This enhances scalability and accessibility while reducing hardware requirements for validators.
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During the previous two bull cycles, Bitcoin increased by 25x and 6.4x respectively from this point in the indicator.
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📈 Right now, Satoshi Nakamoto's wallet holds Bitcoins worth $134 billion — enough to rank 11th on the list of the world's richest people.
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Notably, SharpLink purchased 84 953 ETH directly from the Ethereum Foundation.
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🇺🇸 Bank of America has launched its own weekly publication, "On Chain," dedicated to digital assets.
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The biggest declines were seen on Mexc (-43.5%), KuCoin (-41.7%), and Upbit (-38.5%). Even market leader Binance saw a 22% decrease.
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Earlier, the company announced plans to launch a $2 billion Bitcoin lending program in partnership with Tether.
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