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Arizona moved closer to establishing a bitcoin reserve fund after the state's Senate voted in favor of the bill at its third reading.Arizona's Senate passed House Bill 2324 (HB2324) in a 16-14 vote on Thursday, sending it back to House for a final decision. The legislation would update Arizona's
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Chinese social media platform TikTok has denied allegations that it has ever made purchases of US President Donald Trump’s official memecoin.The official TikTok Policy account took to X on Thursday to deny claims that its owners are buying the Official Trump (TRUMP) memecoin in response to accusations by California Democratic
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Key NotesBitcoin bulls and bears engage in a tight fight, with 50.2% anticipating a drop to $94,000, while 49.8% predict a rise to $114,000.Broader market sentiment has weakened, with the Crypto Fear & Greed Index dropping to the “Neutral” (54/100) zone.Retail sentiment for Bitcoin has hit its lowest since April's
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Brazilian authorities are seeking a software solution that allows them to track the locations and movements of various cryptocurrency projects nationwide. The objective of this proposal is to enhance the state’s capabilities in combating cryptocurrency-related crime. Brazilian Authorities Open Contract for Cryptocurrency Tracking Solution Tracking and enhancing control of crypto
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Decentralized finance (DeFi) platforms offer the promise of democratized financial services but come with significant risks. Tobias van Amstel emphasizes that both newcomers and experienced users can navigate the complexities of DeFi lending by following a disciplined approach. Understanding the Threats: Smart Contracts and Mismanagement DeFi platforms, while revolutionary in
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The head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but is still concerned about managing the foreign exchange of the token.Reuters reported on Wednesday that Bank of Korea Governor Rhee Chang-yong said at a press conference that “issuing won-based
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Nauru has recently passed a bill establishing the Command Ridge Virtual Asset Authority (CRVAA) to regulate virtual assets, digital banking, and Web3 innovation. CRVAA to Issue VASP licences Nauru, the tiny island nation in the South Pacific Ocean, recently passed a bill establishing a dedicated virtual asset regulatory authority. The
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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE,
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