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Market Fears of Potential Selling Pressure From Possible Silk Road Sale is Overblown: Van Straten

For the outside world, bitcoin (BTC) dropping $10,000 to $92,000, in a matter of days could signal the end of the bull run. A caveat to this could be that bitcoin continues to consolidate below a key psychological $100,000 threshold. Unconfirmed reports from DB News suggest that the Department of Justice (DOJ) has been given

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Crypto Daybook Americas: Turmoil Across The Pond as Bitcoin Defends $93K After $300B Wipeout

By James Van Straten (All times ET unless indicated otherwise) The total cryptocurrency industry is now under $3.2 trillion in market capitalization, as over $300 billion has been wiped out since Jan. 6, taking away all early gains for the year, according to the TradingView metric TOTAL. As a result, bitcoin (BTC) is now hovering

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Cardano’s ADA Slumps 8% as Traders Await Trump Catalyst for Bitcoin Gains

Cardano’s ADA led losses among crypto majors Thursday as bitcoin weakness showed no signs of stopping, pausing any chances of a rally in altcoins. Bitcoin (BTC) slipped to nearly $93,000 on Wednesday as fresh economic data sent U.S. treasury yields soaring, leading to a fall in equities. The latest Institute for Supply Management (ISM) report

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Bitcoin ETFs Suffer $582M Net Outflow, Second-Highest Tally Ever

Investors withdrew substantial amounts from the U.S.-listed spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) Wednesday as macroeconomic uncertainties cast a shadow over the cryptocurrencies’ price prospects. Eleven bitcoin ETFs recorded a combined net outflow of $582 million, marking the second-largest total since these alternative investment vehicles began trading a year ago, according to

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FTX Bankruptcy Estate Hits Out Over ‘Unauthorized’ Sale of FTX EU to Backpack Exchange

The FTX bankruptcy estate has disputed the recently announced sale of FTX EU to Backpack, the cryptocurrency exchange and wallet firm founded by former FTX and Alameda employees. The FTX estate said Backpack “has no involvement whatsoever in the U.S. Bankruptcy Court-approved process for returning funds to any FTX customers and other creditors,” and that

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The Protocol: Hyperliquid Responds to Decentralization Criticism

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Features and Opinion Editor. In this issue: HyperLiquid responds to criticism over decentralization StarkWare launches appchains on Starknet Arbitrum deepens ties to South Korea’s Lotte Group Do Kwon criminal trial set for 2026 Pyth Network

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Solana Pushes Validators to Test Early ‘Firedancer’ Upgrade

Solana is ratcheting up testing of Firedancer, the highly anticipated software upgrade that promises to vastly increase the blockchain’s processing speed. By the end of this week, Solana’s core developers want a “super majority” of processing power on the chain’s low-stakes test network to run through Frankendancer, an early version of Firedancer, according to messages

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XRP Interest Jumps as Brad Garlinghouse Meets With Trump

Already the largest gainer among major cryptos since the U.S. November presidential election, Ripple’s XRP outperformed even more on Wednesday after Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty dined with President-elect Donald Trump. “Great dinner last night … Strong start to 2025,” wrote Garlinghouse on X alongside a picture of him and

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