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The Financial Technology Protection Act is a crucial piece of legislation that recently passed through the United States House of Representatives. The bill, introduced by Representative Zach Nunn, has garnered unanimous support from lawmakers and aims to address the growing concern of digital platforms being used for illicit activities and terrorism financing. One of the
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The Coinbase premium has recently turned positive, sparking speculation about a potential resurgence of institutional interest in Bitcoin. This shift comes after a period of concern following a dip in mid-May, raising questions about the future trajectory of the cryptocurrency market. The Coinbase premium is a key indicator of institutional sentiment in the cryptocurrency market.
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On July 23, Hong Kong made history by launching Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This innovative exchange-traded fund (ETF) introduced by China Southern Asset Management Co., Ltd (CSOP) offers investors the opportunity to profit from declines in Bitcoin’s price. With an initial price of approximately
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Recently, CoinShares released a report highlighting the increasing inflows into Ethereum (ETH) compared to other cryptocurrencies like Solana (SOL). This surge in interest coincides with the upcoming launch of exchange-traded funds (ETFs) that will open up regulated investment opportunities for Ethereum in the US market. The report reveals several key insights into the current state
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Crypto analyst RLinda recently made a bullish argument for Bitcoin, suggesting that the cryptocurrency could potentially reach a new all-time high of $90,000. She pointed out that there are both fundamental and technical factors supporting this optimistic outlook. On the fundamental side, RLinda highlighted the anticipation surrounding the launch of Spot Ethereum ETFs, which is
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