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Research: Ethereum derivatives traders warn against upgrading Shanghai

Trader uncertainty lingers going into Shanghai upgrade, but muted optimism prevails post-event . Using Glassnode data to decipher traders’ positions, we delve deeply into the market sentiment surrounding Ethereum’s highly anticipated Shanghai upgrade. We uncover a surprising trend in market sentiment by focusing on important metrics like Open Interest, Funding Rate Spread, and Options 25…
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Shiba Inu is one of the most popular crypto assets: The CoinMarketCap Q1 report

The second largest meme coin Shiba Inu has been displaying impressive price actions this year, sparking the interest of traders globally. After Bitcoin (BTC) and Baby Doge Coin (BABYDOGE), Shiba Inu ranked among the most viewed cryptocurrencies on CoinMarketCap’s platform in the first quarter of 2023. This report recommends that financial backers across the globe…
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Paxful puts an end to the market

Company CEO announced the suspension via a written message, noting that the suspension is likely to be permanent. Distributed trade Paxful declared it is suspending its commercial center, as indicated by a composed message by its President, Beam Youssef. Crypto influencer @callebtc shared a screenshot of the message. It said in the message: “Today, Paxful…
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Four exchanges in Japan are warned by the FSA to stop operating without a license

ByBit and other cryptocurrency exchanges were instructed by Japan’s FSA to register before operating.   ByBit, BitGet, MEXC Global, and Bitforex are four cryptocurrency exchanges that have been issued a warning by the Japan Financial Services Agency (FSA) to stop providing services to residents of the country until they obtain the appropriate licenses. The notice…
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Musk asks the court to throw out a $258 billion DOGE racketeering case

The attorneys argued that the lawsuit has no legal basis because it is based on Musk’s “innocuous and frequently silly tweets” over time. The $258 billion racketeering lawsuit based on Elon Musk’s tweets and mentions of Dogecoin (DOGE) has been moved to dismiss by his lawyers. The attorneys argued that the lawsuit has no legal…
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Dogecoin surpasses Cardano after Twitter goes doge-insane

After Twitter adopted a doge logo for its homepage, rumors of crypto integration emerged, causing dogecoin to surge to a 17-week high. Dogecoin flips Cardano for seventh ranking after Twitter replaced its homepage logo with a doge.     Dogecoin soars on Twitter logo replacement On March 3, Twitter added a doge to its load screen and…
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Reports in the media about the Huobi stake sale are called “April fools pranks” by Justin Sun

Sun sent the tweet in response to a Bloomberg News report on April 1 that stated that the founder of Tron was planning to “raise funds” by selling an undisclosed stake in Huobi Global.   Justin Sun denied reported rumors about him being in talks to sell a stake in crypto exchange Huobi Global — calling them…
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With a Bitcoin whitepaper, Kraken sponsors a Formula One car

The vehicle will also feature numerous other pieces of exchange branding. As reported on Twitter on March 31, the cryptocurrency exchange Kraken sponsored a Formula 1 (F1) sports car with a section from the Bitcoin whitepaper. Kraken logo is actually BTC whitepaper The Kraken logo, featured on a car belonging to Formula 1 team Williams…
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European withdrawals website launched by FTX EU

Finance Magnates reported on March 30 that FTX EU has launched a website for former European customers to submit withdrawal requests.   Site is for withdrawals; license remains suspended According to statements cited by FTX EU, the website ftxeurope.eu will only deal with claims for fiat balances and will not offer any other services. The…
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Binance freezes $2M from alleged insider trader

According to Binance CEO Changpeng “CZ” Zhao, the cryptocurrency exchange had frozen $2 million associated with an alleged insider trader’s crypto address. In a Walk 28 Twitter string, FatMan Land said a mysterious individual front-ran a few Binance altcoin postings to book a seven-figure benefit. The crypto influencer explained how the trader’s “covert operations” were…
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