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Tag: News

MemeCore’s M Token Plummets 76% Erasing $3 Billion in Market Value

MemeCore (M) collapsed by more than 76% within a 24-hour window, plunging from a high near $3.00 down to a low of $0.50 before making a minor recovery. The sharp market downturn evaporated approximately $3 billion in market capitalization, dragging the token’s total valuation down to roughly $900 million. The dramatic slide occurred without any official smart contract exploits, technical bugs, or team updates, instead following...

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SBI Holdings Acquires Bitbank for 9 Million to Create Japan’s Largest Crypto Exchange

SBI Holdings Acquires Bitbank for $289 Million to Create Japan’s Largest Crypto Exchange

SBI Holdings has signed agreements to acquire crypto exchange Bitbank for ¥46.7 billion (approximately $289 million), making it a wholly owned subsidiary. The deal, expected to close around October 2026 pending regulatory approval, will create Japan’s largest crypto platform by assets under custody with roughly ¥1.1 trillion ($6.8 billion) and 2.92 million accounts. Bitbank brings a strong security track record with zero hacking...

Cryptocurrencies, Exchanges, Front page, News

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More Than Half of Mined Bitcoin Supply Enters Unrealized Loss Territory

Over 53% of the circulating Bitcoin supply is currently sitting at an unrealized loss, highlighting extreme capitulation and structural pressure across the network. The indicator spike follows Bitcoin’s drop below the critical $60,000 threshold, marking a major technical pullback from its 2025 all-time highs. Analysts warn that heavily underwater purchase zones between $80,000 and $120,000 are creating a formidable resistance wall for...

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Ripple Launches RLUSD Stablecoin in Japan Following JFSA Approval

Ripple Launches RLUSD Stablecoin in Japan Following JFSA Approval

Ripple’s RLUSD stablecoin is now live in Japan through SBI VC Trade following Japan Financial Services Agency (JFSA) approval. The USD-backed token, with a $1.7 billion market cap, is available to both institutional and retail users on the VCTRADE platform. This marks a key milestone in Ripple’s long-term partnership with SBI Group, building on their 2016 collaboration. Ripple has officially launched its Ripple...

Cryptocurrencies, Front page, News, Stablecoins

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Bank of America Forecasts Three Fed Rate Hikes for 2026 as Inflation Pressures Mount

Bank of America has reversed its monetary policy forecast, now projecting three 25-basis-point interest rate hikes by the Federal Reserve before the end of 2026. The policy tightening is expected across September, October, and December, which would push the benchmark federal funds target range up to 4.25%–4.50%. A combination of sticky inflation and labor market resilience drove the hawkish pivot, coming just a week after the bank predicted...

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