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Daily #Web3 Market

7 Jun 2024:

Saudi Arabia Joins BIS’ CBDC Project mBridge as a Full Participant

Saudi Arabia has officially joined the Bank for International Settlements' (BIS) central bank digital currency (CBDC) project mBridge as a full participant. Read more

Bitcoin Falls Back After Attempt at $72K, but Fed, U.S. Data and Global Rate Cuts May Bring New All-Time Highs

Bitcoin's price fell after nearing $72,000, but upcoming U.S. data releases and global rate cuts may drive it to new all-time highs. Read more

US Treasury: AI Brings Huge Opportunities, Risks to Financial Stability

The US Treasury highlights both the significant opportunities and potential risks to financial stability brought by artificial intelligence (AI). Read more

Here’s What Happened in Crypto Today

Stay updated with the latest trends and events impacting Bitcoin, blockchain, DeFi, NFTs, Web3, and crypto regulation. Read more

Cathie Wood's Ether ETF Pullback Is Likely Due to Fee War

Cathie Wood's Ark Invest has withdrawn from the race to create a spot Ether ETF, likely due to the anticipated intense fee competition. Read more

First Mover Americas: Bitcoin Fluctuates Around $71K, Consolidating This Week's Rally

Bitcoin's price fluctuates around $71,000, consolidating its recent rally as the crypto markets react to various factors. Read more

Will Bitcoin Fall Below $70K After $2.2B Options Expiry?

The imminent expiry of $2.2 billion in Bitcoin options could impact its price, but inflows from U.S. spot BTC ETFs may help absorb the selling pressure. Read more

Bitcoin Wyckoff Pattern Eyes $85K, but BTC Price Must Close the Week Above This Level First

Bitcoin's Wyckoff pattern suggests a potential rise to $85,000, but it needs to close above $71,300 this week to confirm the breakout. Read more

Decentralized Exchange SushiSwap Goes Live on Bitcoin Sidechain Rootstock

SushiSwap has launched on the Bitcoin sidechain Rootstock, aiming to leverage Bitcoin's security with Ethereum's smart contract capabilities. Read more

U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

JPMorgan reports that recent U.S. crypto regulatory initiatives are likely to move against a central bank digital currency (CBDC) and non-compliant stablecoins such as Tether. Read more

Why Is Ether (ETH) Price Up Today?

Declining ETH reserves on exchanges and increased institutional inflows are key catalysts driving Ether's price up today. Read more

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17 Jul 2024 Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally Bitcoin has reached $65,000, overcoming concerns about the Mt. Gox payout. XRP has been leading the crypto mark


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