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Tag: Cryptocurrencies

How Musk and Trump’s Feud Shook the Financial World

How Musk and Trump’s Feud Shook the Financial World

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Tesla’s Historic Loss: Tesla shares dropped 14% on June 5, 2025, erasing $150 billion in market value, the largest single-day decline in the company’s history. Trump’s Threat: President Trump threatened to terminate government subsidies and contracts for Musk’s companies, including Tesla and SpaceX, over a dispute on a tax bill. Market Ripple Effects: The Nasdaq 100 fell nearly 1%, and the S&P 500 declined as investors reacted...

Cryptocurrencies, Front page, News

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Bitcoin Payments Get Green Light in California

Bitcoin Payments Get Green Light in California

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The California State Assembly passed AB 1180 with a unanimous 68-0 vote, allowing the state to accept payments in Bitcoin and other digital currencies. The bill, described as a “first-of-its-kind” initiative by Assemblymember Avelino Valencia, now heads to the Senate for further deliberation. This move could set a precedent for cryptocurrency adoption across the U.S., potentially influencing other states to follow suit. In...

Bitcoin, Crypto adoption, Cryptocurrencies, Ethereum, Front page, News

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Ethereum ETFs Surge, Price Patterns Hint at Rally

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Ethereum (ETH) is flexing its muscle today, rallying 5% to surpass $2,600 while Bitcoin (BTC) remains flat. A key driver is the robust performance of spot ETH ETFs, which recorded an unprecedented streak of positive inflows from May 16 to May 30, amassing $550 million, per SoSoValue. This sustained capital influx signals growing investor confidence, possibly tied to ETH’s dominance in smart contracts and long-term bets on its scalability. The...

Bitcoin, Crypto market, Cryptocurrencies, Ethereum

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Crypto ATM Scams Surge in Australia

Crypto ATM Scams Surge in Australia

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New Regulations: AUSTRAC imposes $5,000 transaction limits, enhanced customer due diligence, and mandatory scam warnings on crypto ATMs. Harro’s Empires Sanctioned: The small South Australian crypto ATM operator had its registration revoked for non-compliance. Scam Statistics: Australians lost $3 million to crypto ATM scams in the past year, with 72% of victims aged over 50. Common Scams: Romance, investment, and extortion scams...

Cryptocurrencies, Front page, News

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.3 Billion in Crypto Tokens Set to Unlock in June 2025

$3.3 Billion in Crypto Tokens Set to Unlock in June 2025

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Total Unlocks: $3.3 billion in crypto tokens will be unlocked in June 2025, a 32% decrease from May’s $4.9 billion. Major Projects: Significant releases include Sui ($160 million) on June 1 and Metars Genesis ($193 million) on June 21. Unlock Mechanisms: $1.4 billion will be released through cliff unlocks, while $1.9 billion will follow a linear release schedule. Market Impact: The influx of tokens may lead to...

Cryptocurrencies, Front page, News

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