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Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown – Finance Bitcoin News

boss Exchanges, News

Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched Cryptocurrency exchange Binance unveiled Thursday some details of its Industry Recovery

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Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto

boss Bitcoin News, News

"High bond yields are reflective of sharply higher rates but also of genuine skepticism about the long-term viability of crypto amongst institutional investors after the high profile collapses of Terra/LUNA, Celsius [Network], 3AC [Three Arrows Capital], Voyager [Digital], BlockFi and FTX," Mike Alfred, a value investor and founder of digital

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98% of CEOs Preparing for US Recession — Confidence at Lowest Level Since Great Recession – Economics Bitcoin News

boss Bitcoin News, News

The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. “CEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,” the organization said. 98% of CEOs Expect

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Virtu Sees Crypto Market-Making Opportunity, Has Little Confidence in Incumbents, CEO Says

boss Bitcoin News, News

Citadel Securities approached New York-based Virtu, a high-frequency trading and market-making firm, on creating a crypto marketplace, according to Cifu. He sees room to collaborate in creating a platform that can scale, and one in which institutions have trust and want to participate should interest in crypto grow. Source

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Credibility Concerns — Gallop Poll Shows Fed Chair’s Confidence Ratings Slid by Double Digits – News Bitcoin News

boss Bitcoin News, News

According to a Gallop poll published on May 2, the public’s confidence in America’s current economic leaders has been deteriorating. Confidence in U.S. president Joe Biden managing the U.S. economy has dropped from 57% to 40%, and faith in Federal Reserve chair Jerome Powell has faltered from 55% to 43%.

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Bitcoin Mimics Textbook Market Sentiment Cycle, What Happens When Confidence Returns?

boss Cryptocurrency Market, News

Markets are cyclical and go through alternating periods of positive and negative sentiment, with price action following the tone across the market. Although these changes appear to be difficult to predict, Bitcoin price is currently following a textbook market sentiment cycle chart from the book The Nature of Risk. If what

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Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders

boss Exchanges, News

Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge.The crypto

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Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence

boss Cryptocurrency Market, News

Bitcoin (BTC) briefly reached its lowest level in five months this Monday at $39,650, marking a 42.6% drawdown from the all-time high present on Nov 22, 2022. Some argue that a “crypto winter” has already begun citing the $2.1 billion leverage-long aggregate crypto futures contracts that were liquidated over the

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