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Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields

The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term…

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Ahead of Ether ETFs Debut, Bitmex Introduces 200x Leverage for Ethereum

On June 5, 2024, the crypto derivatives exchange Bitmex announced it is offering 200x leverage for ethereum perpetuals ahead of the U.S. ether exchange-traded funds (ETFs) trading debut. Bitmex Ramps…

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Analysts Bullish on Bitcoin: QCP Capital Foresees New All-Time Highs in June

Singapore-based QCP Capital indicates that bitcoin could potentially exceed its all-time high of $73,794 this month by crossing the $74,000 threshold. The signals QCP emphasized were derived from bitcoin call…

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Here’s How Much Institutions Can Pour in Spot Ethereum ETFs Initially (Report)

Traders’ positions reveal a moderate degree of excitement surrounding spot Ethereum ETFs. Despite a relatively uneventful week, the anticipated arrival of these funds is expected to mirror the explosive path…

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Starkware Aims to Scale Bitcoin Using Zero-Knowledge Technology

Starkware, known for its work on Ethereum scaling solutions, announced plans to apply its zero-knowledge technology to Bitcoin. The initiative aims to enable mass-use of Bitcoin, targeting scalability that could…

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Coinshares Reports 4th Consecutive Week of Inflows Into Digital Asset Funds

The investment landscape for digital assets continues to brighten, with a fourth consecutive week of inflows totaling $185 million, pushing the total for May to an impressive $2 billion. The…

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This Week’s Crypto Gainers and Losers: NOT Leads With 214% Gain, BTC and ETH Remain Flat

Both bitcoin and ethereum experienced a tepid week over the last seven days, with BTC seeing a slight increase of 0.5% and ETH declining by 3.8%. Conversely, several crypto assets…

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