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Changpeng “CZ” Zhao, Binance’s CEO, however, told workers in a company meeting on Friday that Binance was still profitable and had not been impacted by the recent lawsuit against it by the U.S. Securities and Exchange Commission, according to attendees at the meeting that spoke to the Journal. He did
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In this week’s newsletter, read about Ethereum nonfungible token (NFT) royalties hitting their lowest point in two years. Check out Bitcoin Ordinals trading volume, which hit $210 million in the second quarter of 2023, and how a decentralized finance (DeFi) borrower used an NFT representing a physical luxury watch to
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The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May, according to the Bureau of Labor Statistics (BLS) and versus expectations for a dip to 3.1%. On a monthly basis, the CPI was higher by
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The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Coin Metrics’ State of the Network report for Q2 2023, there has been a notable reduction in the 90-day correlation between the cryptocurrency market and equities represented by the S&P 500 index. This marks
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Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen.Data shared with Cryptox highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club
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Over 555 stolen ether were swapped from Arbitrum from Ethereum, a security firm said. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robinhood, a popular trading platform, has announced that its crypto trading volumes plunged in May amidst a regulatory crackdown on centralized entities. Cryptocurrency traders are migrating from centralized exchanges (CEXs) to hybrid exchanges as they offer
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SEC’s DeFi Rulemaking Do-Over Falls Short Source
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Just last week, Robinhood delisted three tokens as part of its regular review, leaving only 15 cryptocurrencies available for trading on the platform, the company said. The delisted tokens, Cardano's ADA, Polygon's MATIC, and Solana's SOL, were named as securities by the U.S. Securities and Exchange Commission (SEC) in
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