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Open Interest in XRP Surges to $800M as Crypto Traders Hope Ripple-SEC Verdict Will Bring ‘Alt Season’

"A win for the SEC could also impact other altcoins as they will likely be subject to more regulation," said Markus Thielen, head of research and strategy at crypto services provider Matrixport, in a note to clients on Monday. "However, if Ripple is successful in this case, XRP’s legality in

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Crypto Exchange Mango Markets Considers Raising Interest Rates for Popular Tokens

All tokens pools at 50% utilization – meaning half of user-supplied tokens are being lent out – would offer 1.8% interest under the proposal, an increase from the existing rate of zero. That utilization level is also lower than the current 70% at which effective interest rates increase or decrease

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Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis – Economics Bitcoin News

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill

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Macro Factors Like Interest Rates Are Moving Crypto Markets — CoinDesk

For the past nine months, overall macro conditions have taken a back seat to the idiosyncratic failures (FTX, Terra's LUNA/UST, BlockFi, CoinDesk sister company Genesis) and success stories (the Ethereum Merge, various layer 2 launches) that drove most of the price action. But macro regained its position behind the wheel

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Hong Kong crypto firms seeing interest from Chinese banks: Report

Crypto firms setting up in Hong Kong ahead of a new licensing regime for crypto exchanges in June have reportedly found some unexpected allies in the region — Chinese state-owned banks.According to a March 27 report from Bloomberg, Chinese banks including Shanghai Pudong Development Bank, the Bank of Communications Co., and Bank

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Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub. Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20

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Web3 a hot topic at SXSW despite bear market and declining interest in NFTs

Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of South by Southwest (SXSW) last year. This is because two nonfungible token (NFT) projects — Doodles and Fluf World — dominated SXSW 2022. Yet these projects were nowhere to be found

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