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$4 Million in XRP Exit Binance as Sentiment Shifts

In Brief XRP worth $4M exits Binance as social sentiment shifts to neutral from fear, indicating changing market dynamics. Blockchair reports $4.2M XRP moved to unknown wallet; another $1.45M XRP transferred from Bitstamp to Binance. Ripple CTO emphasizes XRP’s utility for cross-border transactions over investment potential amid market fluctuations. XRP transactions on exchanges recorded an…
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Bitcoin (BTC) Price Nears Bottom Despite Selling Pressure – Rebound Expected

In Brief A key metric, which has historically been pivotal to Bitcoin’s price, suggests that sellers exhaustion has set in. Positive signs emerge with higher bid than ask on-chain, and a high concentration of liquidity at $58,037. BTC looks set to retest $58,251 but trading below the 20-day EMA indicates weakness. Over the weekend, Bitcoin…
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Binance Delists 4 Altcoins: Tokens Tumble Double-Digit

In Brief Binance delists four altcoins: BOND, DOCK, MDX, and POLS, causing significant market drops. DOCK fell nearly 30%, MDX by 23.65%, BOND, and POLS over 17% after delisting news. Delistings follow Binance’s periodic review of digital assets’ compliance and standards.     Crypto exchange Binance has announced it will no longer support four altcoins…
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Ripple (XRP) Holders Need to Do More Than Just Hope for Price Recovery

In Brief Ripple’s (XRP) price nearly crashed by 11% in a day yesterday before recovering to trade at $0.43. The participation from XRP holders continues to remain weak, impacting the potential for recovery. Conviction, however, is still strong as investors are refraining from moving their holdings around. Ripple (XRP) price momentum has turned bearish, and…
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BitMEX Responds to DOJ’s BSA Violation Guilty Plea Announcement, Says “Nothing New”

In Brief The DOJ recently announced BitMEX’s guilty plea for violating the Bank Secrecy Act (BSA). BitMEX stated that the charge is not new and that its founders served their sentences in 2022. The exchange stresses its operational improvements and new standards implemented since 2020.   The Department of Justice (DOJ) announced on July 10…
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Donald Trump Meme Coin Soars 500,000x as Former President Joins Bitcoin 2024 Conference

In Brief Donald Trump is confirmed to speak at Bitcoin 2024 in Nashville, sparking crypto market excitement. TrumpCoin (DJT), a newly minted Trump-themed meme coin, surged by 500,000x following the news. The former president’s crypto stance generates both enthusisasm and debate within the community.   The organizer of The Bitcoin Conference just announced that former…
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Polygon Investors Could Flip the Glacial Pace of MATIC Price Recovery

In Brief MATIC price is currently under $0.50, awaiting a positive trigger to initiate recovery. The adoption rate of the asset is steady at 34% despite the recent decline in price. The investors’ sentiment is also largely positive, which is surprising considering their losses. Polygon (MATIC) price is in the same dark ditch as most…
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Why Is the Crypto Market Down Today?

In Brief The total crypto market cap fell to $1.94 trillion due to the Federal Reserve’s hawkish stance, marking a four-month low. Bitcoin’s price dropped from $61,500 to $54,500, potentially heading toward $50,980 as per the double top formation. Meme coin Brett declined by 24% in 24 hours, trading at $0.112, and risks further drops…
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PEPE Price Rising by 9% Causes Largest Liquidation in History

In Brief PEPE price noted a remarkable yet relatively small recovery of 9%, attempting to push the price to $0.00001000. However, the traders betting on a further decline in price lost over $17 million in a day as the price rose. Whales are also hopeful of a recovery as they accumulated over 1 trillion PEPE…
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Celsius and KeyFi CEO End Three-Year Fraud Dispute

In Brief Celsius settles three-year litigation with KeyFi CEO Jason Stone over alleged fraud and broken agreements. KeyFi managed Celsius investments from August 2020 to March 2021 based on an MOU. Stone claimed Celsius ran a Ponzi-like scheme, misleading about its risk management protocols. The now-defunct crypto lending platform Celsius has settled its three-year-long case with…
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