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After the Bank of Japan (BOJ) announced a surprising turnaround in its monetary policy today, the Bitcoin price managed to rise near the important resistance level of $16,900. The BOJ announced that it will drastically widen its yield curve control band to 0.50%. At the same time, it announced that
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"While we expect the next several months to be bumpy, we will get past this challenging period," CZ said while assuring the organization is built to last. Original Source
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Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed. The media companies believe the public should be made aware of the
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According to the filing, Celsius has about 58,300 users who collectively deposited over $210 million with its custody and withhold, with 15,680 customers holding "Pure Custody Assets" worth around $44 million. The Bankruptcy Court for the Southern District of New York, which is overseeing the case, scheduled a hearing for
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The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021. Original Source
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A Grayscale spokesperson told CryptoX the company's "mission is to help investors access the ever-evolving crypto ecosystem through familiar, secure, and transparent investment vehicles. We respect the views of our shareholders, and appreciate engaging directly with them on the details of our product structures and operating model." Source
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FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company's bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter. Source
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The Binance fund will be open to contributions from other industry players. Source
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Binance plans to start a recovery fund to help projects with strong fundamentals, but suffering from a liquidity crisis. Original Source
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It will remain to be seen to what extent having to write off $200 million to 300 million on the back of FTX's dramatic collapse will dampen Temasek's appetite for the digital assets industry. Temasek managed $294 billion in assets as of the end of March, according to Bloomberg. Original Source
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