Litecoin (LTC) prices have surged around 17% over the past 12 hours, propelling the cryptocurrency to an intraday and 4-week high of $118 during early trading in Asia on Thursday morning. However, LTC topped $140 during the December crypto rally and still remains down 72% from its May 2021 all-time high of $410. Litecoin has
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The release of the December CPI report triggered notable reactions across financial markets, especially in the cryptocurrency sector. While headline inflation aligned with expectations, core inflation fell below forecasts on both monthly and annual bases, fueling optimism for risk-on assets like Bitcoin. Within two hours of the CPI release, Binance Open Interest (OI) sharply rose
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Bitcoin is seeing institutional accumulation amidst fresh gains of over 3% on Friday as its price tapped $102,000. In fact, CryptoQuant has observed a significant Bitcoin inflow to Coinbase Prime, pointing to increased over-the-counter (OTC) trading activity. This trend suggests heightened interest from US institutions, which prefer OTC trades as a method for large-scale Bitcoin
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XRP, the third-largest cryptocurrency by market capitalization ranking, surpassed bitcoin (BTC) to become the most-traded digital asset onCoinbase. This indicates that American crypto investors are increasingly interested in Ripples native coin. The sudden spark in interest comes days after the company’s CEO, Brad Garlinghouse, met with United States President-elect Donald Trump to discuss including other
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The crypto industry is optimistic that the United States President-elect, Donald Trump, will issue pivotal executive orders regarding the industry upon taking office on January 20. According to sources cited by the New York Post, Trump is exploring the creation of an America-first digital asset reserve, emphasizing cryptocurrencies developed within the United States. The initiative
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On January 15, the United States Department of Justice (DOJ) announced that BitMEX and its parent company, HDR Global Trading Limited, have been fined $100 million for violating the Bank Secrecy Act (BSA). The court found that the crypto exchange willfully failed to establish adequate anti-money laundering (AML) and know-your-customer (KYC) protocols. In addition to
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South Korean financial authorities – Financial Services Commission (FSC) and Financial Supervisory Service (FSS) – reported a suspect of price manipulation in the virtual asset market to the prosecution. This marks the first case processed through formal investigation procedures under the newly enforced Virtual Asset Act, effective July 19, 2024. The case followed a structured
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A recent report by crypto index fund management firm Bitwise outlines varying price projections for Solana (SOL) based on its adoption and scalability improvements. According to the report, the ‘bull case’ scenario could see SOLs price soar to $6,636 by 2030. Solana, currently the sixth-largest cryptocurrency by market capitalization, has experienced a volatile few years.
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