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An ongoing selloff in the FTX Token (FTT) market could worsen in the coming months owing to a mix of pessimistic technical and fundamental indicators.FTT could plunge 30%From a technical perspective, FTT has formed an inverse-cup-and-handle pattern on the daily chart, identifiable by its crescent-shaped price trend followed by a
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"Last week, Alameda's balance sheet was questioned, and Binance also announced that it would liquidate FTT and other assets related to the FTX exchange," Griffin Ardern, a volatility trader from crypto asset management firm Blofin, said. "This appears to have caused a panic among investors, who chose to hedge their
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● CoinDesk Market Index (CMI): 935.73 +1.1% ● Bitcoin (BTC): $19,184 +0.8% ● Ether (ETH): $1,303 +1.5%
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Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed.In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC.Buyer could be “willing to acquire” 32,000 BTC at $19,000In the latest sign that the current spot
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ShapeShift, a noncustodial crypto exchange and decentralized autonomous organization (DAO), has taken additional steps toward complete decentralization by migrating users to a new open-source application — a move the organization said would enhance user mobility.The organization announced that as of Oct. 19, all native web users of the ShapeShift platform
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The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green Deal and the REPowerEU Plan, both of which aim at energy savings by digitalizing the energy sector. The European energy planners have crypto miners in their sights along
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In late Asian hours on Sunday, those funds were moved to Tornado Cash in batches of 100 ethers each. The attacker was ultimately able to move 1,921 ethers through 21 different transactions, data shows. At current prices, that ether is worth more than $2.5 million. Source
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Solana-based Magic Eden has become the latest NFT marketplace to shift to an optional royalties model, following in the footsteps of X2Y2 in August, albeit reluctantly. Under the optional royalties model, buyers are given the power to set the royalties they want to contribute to an NFT project, meaning there is
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Solana’s top NFT marketplace is the latest platform to switch to a no-fee model, following in the controversial trend set by X2Y2 and others. Source
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ENS price outshines the market as price shows strength rallying to a high of $20. ENS tops the crypto price as it cracks
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