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The Commodity Futures Trading Commission's (CFTC) assertion that Ethereum (ETH) is a commodity is fueling optimism about a brighter future for the project. On December 13, the CFTC reaffirmed Ethereum's status as a commodity in a court filing related to the FTX case. This declaration builds
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The price of HOOK tokens has plunged nearly 20% following the announcement that the project will transfer locked tokens to Binance Custody. HOOK Drops After Decision to Transfer 100 Million Tokens to Binance On the afternoon of December 9, Hooked Protocol announced it would be transferring 100 million HOOK tokens
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In response to a significant liquidity drain from its platform, Binance has temporarily halted USDC withdrawals. Meanwhile, Binance's stablecoin, BUSD, has unexpectedly depegged from its $1 value and is yet to fully recover. BUSD Slightly Depegs as Binance Suspends USDC Withdrawals Due to Liquidity Crunch Update Late December
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On the evening of December 13, the U.S. released its November Consumer Price Index (CPI) data, a key measure of inflation for the world’s largest economy, leading to a positive bounce in the cryptocurrency market. Bitcoin Rebounds to $18,000 as U.S. Inflation Cools in November As
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Bitcoin mining heavyweight Argo Blockchain might be on the verge of filing for bankruptcy, according to leaked internal communications. Argo Blockchain Faces Bankruptcy Rumors Argo Blockchain, a prominent player in the Bitcoin mining space, has reportedly accidentally disclosed its bankruptcy filing plans. This news was shared by Will Foxley, Director
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Machine (EVM) solution tailored for Solana developers, has officially launched its mainnet as of today, December 12. Neon Labs is the first Ethereum Virtual Machine designed specifically for the Solana ecosystem. It uses the NEON token for transaction fees and governance participation. What is Mainnet? In essence, an EVM is
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Once again, Arbitrum bridges are in the spotlight as a recent technical write-up has surfaced, revealing potential vulnerabilities within this bridging solution. A recent blog post from the Twitter account @tincho has sparked discussions by highlighting perceived weaknesses in the Arbitrum-Ethereum bridge. Breaking Down the Vulnerabilities: Before diving into the
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It’s that time again—welcome to the weekly trading plan with 68 Trading. Last week was quite frustrating as BTC continued to range and was impacted by macro news, causing significant stop-loss hunting. Nonetheless, we managed to find some quality trades. Let’s review last week’s trades and
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Ethereum developers have decided to prioritize the unlocking of ETH staked in Ethereum 2.0 by pushing the Shanghai upgrade to March 2023. According to CoinDesk, Ethereum developers have scheduled the Shanghai hard fork, the next major network upgrade, for March 2023. This upgrade will include EIP-4859, which will release
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Gnosis Chain is set to implement its own version of “The Merge,” transitioning from a Proof-of-Authority (PoA) consensus mechanism to Proof-of-Stake (PoS). Gnosis Chain, formerly known as xDai Chain, is one of the early sidechains of Ethereum and operates within the Gnosis (GNO) ecosystem—a platform for prediction markets. The
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Derivatives exchange BitMEX has introduced a new swap contract for staking yield on Ethereum (ETH) via Lido Finance. BitMEX Launches Swap Contract for Ethereum Staking Yield The contract offered by BitMEX is called the ETH Staking Yield Swap (ETHYLD). This contract allows traders to either go long or short on
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On the afternoon of December 8, the price of Waves (WAVES) plummeted sharply after Upbit, a major Korean exchange, issued a warning due to the USDN stablecoin losing its peg to $1. Update on December 9: On the morning of December 9, Waves issued an official statement addressing the concerns
