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The launch of USDC on Arbitrum will replace the currently circulating bridged version of USDC that comes from Ethereum. In an announcement on Thursday, June 1, stablecoin issuer Circle announced its plans to launch the native version of its USDC stablecoin on the Arbitrum blockchain network. USDC on Arbitrum As per the official
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An increase in difficulty means a decline in profitability for miners because their chances to win any single block, and bring in revenue, becomes slimmer. Marathon Digital Holdings (MARA), one of the biggest miners, noted that its monthly mined bitcoin was lower, month-on-month, as difficulty rose in April. Similarly, Canadian
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Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.With volatility back in play, traders nonetheless remain conflicted —
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite recent news around Solana’s launch of a new ChatGPT plugin, the SOL token sees a 5.54% decrease in price in the last 7 days. Looking at the past month, this marks a 14.64% price decrease for
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.After a bullish April, May was another month of exploits, rug pulls and hacks, bringing back uncertainty to DeFi. The most prominent headline
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The OpenAI’s ChatGPT app has integrated Whisper, an open-source speech-recognition system, to enable voice inputs. The rise of OpenAI’s ChatGPT in the Artificial Intelligence (AI) market is to a great extent unrivaled. Already, the AI research company has unveiled a remarkable application, currently running on iOS products, to help its customers
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple (XRP) has seen an increase over the past week. An analysis of XRP’s performance, recent events, and the implications of this upward trend show what might be on the horizon. As the crypto market weathers turbulent
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Outflows last week came to $32 million, pushing the total during the streak to $232 million, according to a report from CoinShares. Investors withdrew $33 million from bitcoin products alone last week, meaning BTC funds yet again dominated the outflow – as they have throughout the five-week period. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Injective Protocol, a blockchain platform designed for decentralized applications (dApps), is attracting attention as its native injective (INJ) token is experiencing a price surge, rising by over 22% in the past week. The INJ token serves
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The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago.This impressive double-digit recovery appeared in tandem with other top-ranking crypto assets, including Bitcoin (BTC) and Ether (ETH). However,
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