Bitcoin price has entered a sideways trading pattern following its peak at $123,200 reached one week ago, but smart money and institutional investors have intervened strategically, pushing BTC back above the crucial $119,000 resistance threshold.
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Category: Cryptocurrencies
Ancient Bitcoin Wallet Awakens After 14 Years, Moves 3,962 BTC Worth $460M
An ancient Bitcoin wallet dormant since January 2011 has transferred 3,962 BTC, valued at $469 m, after a test send. The move has renewed discussion about early-holder liquidations, even as BlackRock and other corporate treasuries have purchased large lots during the current consolidation.
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BlackRock’s Ethereum ETF Rockets to $10B in 10 Days – Third-Fastest Ever
BlackRock’s Ethereum ETF has reached $10B in assets within 251 days, outpacing many traditional funds and trailing only BlackRock’s Bitcoin ETF and Fidelity’s FBTC for speed. The milestone comes amid inflows to U.S. spot Ethereum funds after SEC approvals, showing institutional appetite.
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FTX to Begin Next Round of Cash Payouts After Claims Reserve Cut by $1.9B
Bankrupt crypto exchange FTX has announced that it will begin its next round of cash distributions to creditors on or around September 30.
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Hong Kong Declares Unlicensed Stablecoin Promotions a Crime
Hong Kong will ban public marketing of unlicensed stablecoins as it tightens oversight to curb hype and protect retail investors.
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XRP News: Brazil’s VERT Launches $130M Tokenized Credit Platform on XRP Ledger
VERT has rolled out a blockchain-powered private credit platform on the XRP Ledger, debuting with a $130 million issuance.
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KeyCorp Bank CEO Bullish on Crypto, Says Stablecoin ‘Has a Lot of Promise’
KeyCorp Bank CEO said that stablecoins are faster, cheaper and better, making them a “really good solution for our clients.”
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MIT Brothers Who Exploited MEV Bots for $25M Must Face Trial, Judge Rules
Two MIT-educated brothers accused of orchestrating the largest MEV bot exploitation in cryptocurrency history will face trial after a federal judge rejected their attempts to dismiss fraud and money laundering charges.
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Ozzy Osbourne’s NFT Collection Sees Price Surge After Rock Icon’s Death
CoinGecko has shown that Ozzy Osbourne CryptoBatz NFTs have soared more than 400 % in value just after the musician’s death at 76, then eased by about 10 % the following day. The December 2021 collection has previously faced criticism for Discord links that led users to scammers, later removed.
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ChatGPT Predicts the Price of XRP, Pi Coin and Dogecoin by the End of 2025
ChatGPT predicts that renewed Bitcoin momentum has set the stage for broad altcoin gains through late 2025. The model sees XRP advancing toward $10, Pi Network topping $50 and Dogecoin testing the long-sought $1 mark, underpinned by increased adoption, regulatory clarity and improving risk appetite.
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