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After a brief dip below $2,500, Ethereum has bounced back to reclaim levels above that mark. Over the last week, the second-largest cryptocurrency registered a price jump of almost 8%. Despite broader crypto market gains, retail investor activity in Ethereum remains notably subdued. Historically, Ethereum has seen spikes in retail trading frequency near local price
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A prominent Bitcoin supporter spearheads funding for a Swedish company’s BTC acquisition plans. Meanwhile, Coinbase faces escalating legal troubles after disclosing a significant breach and regulatory fallout. In other news, a Manhattan crypto investor is arrested in connection with a violent Bitcoin-related kidnapping. More details on these stories ahead. Blockstream CEO and Bitcoin advocate Adam
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Around 25,400 Bitcoin options contracts will expire on Friday, May 23, and they have a notional value of roughly $2.8 billion. This weeks event is pretty much identical to last weeks, as derivatives crypto trading has stabilized. Spot markets have seen solid growth with Bitcoin notching a new peak on Thursday above $111,000 for the
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On May 21, Congressman Tom Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA), a bipartisan bill co-led with Congressman Ritchie Torres. The bills core principle stipulates that if crypto developers and service providers do not hold custody of consumer funds, they shouldnt be classified as money transmitters under current regulations. The clarification aims to provide
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Americas biggest banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others, are in early discussions about creating a joint stablecoin to compete with the crypto industry, according to the Wall Street Journal, citing people familiar with the matter, on May 22. The conversations reportedly involve bank-owned payment companies like Zelle operator Early
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