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Over 80% recent Binance token listings are bleeding red
Most of the newly launched tokens function as “exit liquidity” for insiders capitalizing on the lack of retail access, due to their high initial FDV. Over 80% of the newly listed cryptocurrencies are in the red on Binance, the world’s largest cryptocurrency exchange.More than 80% of the tokens listed during the past six months have…
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Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows
One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.
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CME futures dominance aligns with rising institutional investment in Bitcoin
Quick Take Between Q4 2023 and 2024, a significant divergence emerged between the narratives of Bitcoin and the broader digital assets market. This divergence was evident in the performance of the ETH/BTC ratio and Bitcoin’s market dominance, which is currently flirting with 56%, approaching a one-year high. 2024 witnessed a remarkable surge in the adoption…
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Binance helps Taiwan solve $6.2M crypto fraud
Working with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud. The Financial Crimes Compliance (FCC) Department of Binance has joined forces with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to tackle a large-scale money laundering case,…
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Ether Bears Hit a Brick Wall as Price Collides With Bull-Market Trendline
Ether’s sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
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Notorious Pink Drainer retires after hitting $85M theft milestone
Pink Drainer, infamous for aiding in crypto thefts, decided to shut down operations after amassing over $85 million in stolen assets. In a surprise Telegram announcement, Pink Drainer, a notorious crypto-wallet draining kit, declared that it would be retiring, having after reaching its goal of helping steal over $85 million in crypto assets.Speaking to Cointelegraph,…
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Infamous crypto scam service Pink Drainer shuts down after netting $85 million
Pink Drainer, a notorious crypto wallet-draining service, is winding down its operations, according to a May 16 screenshot shared by blockchain sleuth ZachXBT. A Dune analytics dashboard by Web3 anti-scam firm Scam Sniffer showed that Pink Drainer, through its numerous fraudulent schemes, pilfered over $85 million from more than 21,000 victims in the last year…
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Hong Kong digital yuan pilot lacks P2P capabilities
While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong. Hong Kong launched a pilot program for the digital yuan, the central bank digital currency (CBDC) of the People’s Bank…
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Ether Could Surprise to the Upside in the Coming Months, Coinbase Says
The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said.
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Farmsent to enhance smart farming with Nuklai AI tools as peaq raises $35M amid token launch
Nuklai, an on-chain smart data platform, and peaq, a layer-1 blockchain for decentralized physical infrastructure networks (DePINs), have announced an integration aimed at enhancing AI and data monetization tools for DePINs, starting with the global Web3 marketplace for farmers, Farmsent. The news comes as peaq completed a token launch on Coinlist, raising $35 million from…
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