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Money & Crypto News

🗞 October 11, 2024 cryptocurrency news highlights

【Cryptocurrency】
↗️ Nearly half of traditional hedge funds (47%) now invest in crypto, per AIMA & PwC, up from 29% last year

Economy
OKX secured a full UAE license and launched its VARA-compliant crypto exchange in Dubai.

A Nigerian court denied bail to Binance executive Tigran Gambaryan, citing that his health issues don’t justify his release.

Indicators
USDC Treasury minted 50 million USDC 4 minutes ago and transferred them to Coinbase💲

Cat-themed meme coin CHEESEBALL rose by 60% in 24 hours, and its market value exceeded 3 million US dollars


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Dubai’s Virtual Assets Regulatory Authority (VARA) fined seven unnamed crypto entities for operating without proper licenses and issued cease-and-desist orders 👮‍♂️

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Michael Saylor: MicroStrategy's ultimate goal is to become the leading Bitcoin bank

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Cat-themed meme coin CHEESEBALL rose by 60% in 24 hours, and its market value exceeded 3 million US dollars

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Yesterday, the U.S. Bitcoin spot ETF had a net outflow of $81.1 million🕯

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BlackRock ETF address has accumulated 12,272 BTC in the past 16 days, equivalent to about US$742 million

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Yesterday, Fidelity FBTC had a net outflow of $33.8 million and FETH had a net outflow of $3.5 million🕯

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🗣 BlackRock worried about people with Digital Bitcoin Wealth not using Financial Advisors 🪙

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Dubai’s Virtual Assets Regulatory Authority (VARA) fined seven unnamed crypto entities for operating without proper licenses and issued cease-and-desist orders 👮‍♂️

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Federal Reserve Chairman Bostic is open to not cutting interest rates in November ✂️

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Thailand has allowed mutual and private funds to invest in digital assets, expanding the range of investment opportunities available to these entities.

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The FBI "phishing token" deployment address received a 0.01 ETH transfer from a wallet that made over 10 million US dollars

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Texas drug gang sentenced for laundering $50,000 a month through cryptocurrency

👉🏼
Read here

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Yesterday's U.S. spot Bitcoin ETF net outflow was updated to $40.5 million🕯

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The whales who hoarded Bitcoin from June to July transferred another 710 Bitcoins to CEX 💱

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🐳 An ancient 2009 Bitcoin mining whale has sold $4.8 million worth of BTC and still holds $70.4 million worth of BTC 🪙

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A Nigerian court denied bail to Binance executive Tigran Gambaryan, citing that his health issues don’t justify his release.

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OKX secured a full UAE license and launched its VARA-compliant crypto exchange in Dubai.

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Santiment: Bitcoin hit a low early this morning, and the market is bullish

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JUST IN: 🇯🇵 Japanese Public company Metaplanet buys another ¥1 billion worth of Bitcoin 🙌

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USDC Treasury minted 50 million USDC 4 minutes ago and transferred them to Coinbase💲

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🪙 Bitcoin Tumbles Below $59K Amid Inflation Worry, Regulatory Onslaught on Crypto 📉

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SEC sues Cumberland DRW, alleging it is an unregistered securities dealer 👨‍⚖️

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↗️ Nearly half of traditional hedge funds (47%) now invest in crypto, per AIMA & PwC, up from 29% last year

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🗞 October 10, 2024 cryptocurrency news highlights

【Cryptocurrency】
SEC Chair Gary Gensler on Crypto: ‘It’s Unlikely This Stuff Is Gonna Be a Currency’ 🙅‍♂️

Cryptocurrency Fear and Greed Index fell to 39, and market sentiment returned to "panic" 🔽😨

Texas drug gang sentenced for laundering $50,000 a month through cryptocurrency

Economy
The National Bank of Bahrain and ARP Digital have launched a Bitcoin fund for GCC investors, offering capped gains and downside protection🌍🇧🇭

Indicators
📉 Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges

🐳 An ancient 2009 Bitcoin mining whale has sold $4.8 million worth of BTC and still holds $70.4 million worth of BTC 🪙

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🔝 According to New York Digital Investment Group, Bitcoin retains top spot as best-performing asset in 2024 🪙

Thailand has allowed mutual and private funds to invest in digital assets, expanding the range of investment opportunities available to these entities.

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Wells Fargo: Stagnant core inflation may limit the Fed's rate cuts

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SwissOne Capital: Bitcoin's market share has limited room for growth during the Fed's rate cut cycle

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If Bitcoin falls below $60,000, the cumulative long order liquidation strength of mainstream CEX will reach 253 million

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🗣a16z partner: The crypto market has overcome many technical obstacles, and the US government needs to further clarify regulation

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Cryptocurrency Fear and Greed Index fell to 39, and market sentiment returned to "panic" 🔽😨

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Bitcoin mining difficulty increased by 4.12% to 92.05T yesterday

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