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Bitcoin Volatility Induces $700 Million Crypto Futures Destruction

Data shows that the cryptocurrency futures market saw liquidations worth $700 million in the last day as Bitcoin experienced its volatility. Bitcoin has seen intense price action in the last 24 hours The previous day was something of a rollercoaster for Bitcoin, as the asset saw strong price action in both directions but ended up…

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The meme coin market bucks the crypto downtrend with a 3.2% rise, led by gains in DOGE and BONK

Recent data suggests that the meme coin sector recorded a 3.2% increase in the last 24 hours despite an overall decline in the crypto economy. In particular, Dogecoin and Bonk recorded increases of 1.2% and 9%, respectively. Additionally, several meme tokens posted double-digit gains on Sunday. Meme tokens defy the crypto crisis The meme coin…

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Spain Cracks Down on Cryptocurrency Plot in North Korea

In a significant development, Spanish authorities have arrested Alejandro Cao de Benos, a key figure linked to a North Korean cryptocurrency conspiracy. The arrest took place at the Atocha train station in Madrid when Cao de Beños arrived from Barcelona. Arrest in Spain sheds light on crypto fraud Cao de Benos, founder of a pro-Pyongyang…

Standard Chartered maintains Bitcoin (BTC) target of $100,000

Although the value of Bitcoin (BTC) has doubled since the beginning of this year, Standard Chartered believes the leading cryptocurrency is on track to reach $100,000 by the end of 2024. Bitcoin Poised for 160% Resurgence The bank’s research note stated that “crypto spring is here” and reiterated the initial prediction made in April. In…

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Robinhood Starts Allowing Bitcoin Withdrawals

The trading app has started the beta phase of its bitcoin wallet feature, allowing a subset of users to self-fund their coins. Robinhood has started rolling out its long-awaited bitcoin withdrawal feature. The company said in a statement Thursday that some users on the WenWallets waiting list have begun participating in the functionality as beta…