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View More NewsKey takeaways:Bitcoin’s sudden decoupling from a strong Nasdaq index highlights shifting capital flows into the AI sector.A strengthening US dollar and high Treasury yields are weighing heavily on non-yielding crypto assets.Bitcoin (BTC) faced a 7% correction after failing to reclaim the $67,200 level on Monday, triggering $330 million liquidations in bullish leveraged positions. More concerningly, the drop happened while the Nasdaq 100 index showed strength, trading 1% away from its all-time high. Should Bitcoin traders brace for a $60,000 retest?Nasdaq 100 futures (left) vs. Bitcoin / USD. Source: TradingViewThe bullish momentum in the stock market likely came from the memorandum…
After reports that the Trump administration and state of Florida are considering abandoning the “Alligator Alcatraz” detention center in the Florida Everglades, the Department of Homeland Security (DHS) says it has transferred detainees out of the tent camp in preparation for hurricane season. Florida news outlet WINK News first reported Tuesday that all detainees had been moved out of the Everglades detention camp. “As we enter into hurricane season, ICE and the state of Florida have moved illegal aliens from the soft sided facility. For the safety of the illegal alien detainees, we transferred them to other facilities,” an Immigration…
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Last Wednesday, 3 June, was surely one of the most shameful days in the Knesset’s 77-year history. Michael Rabello, the personal attorney of Israeli prime minister Benjamin Netanyahu, was elected the country’s next state comptroller—the official who inspects, reviews, and audits government policy and conduct, and whose broad powers of inspection include the use of hundreds of lawyers, accountants, and other professionals under his authority.Israeli law stipulates that the Knesset vote for this position must be carried out in secret, with MKs casting ballots alone behind a screen. Rabello’s rival for the post, former Supreme Court justice Yosef Elron, won…
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In brief Everyday investors that have allocated savings to Strategy’s STRC have been drawn to double-digit yields, but the preferred stock’s volatility has created…
The Ethereum Foundation’s (EF) co-executive director Hsiao-Wei Wang shared that she has stepped down from her role leading the organization effective immediately, in a…
The next crypto user may start outside exchangesFor most of crypto’s history, new users followed a fairly standard path. They signed up on an…
In brief The Federal Reserve proposed new rules requiring U.S. crypto firms to verify stablecoin users. Former Fed Chair Jerome Powell backed the proposal.…
In brief South Korean police referred 23 suspects and detained two key figures over laundering crypto proceeds from a Cambodia-based phishing group. The crew…
An excellent resource from Prof. Ed Lee (Santa Clara). The focus is on tort lawsuits brought against AI companies or otherwise based on defendants’…
Locus Founder settles payments in USDC, a dollar-pegged stablecoin, directly into a non-custodial wallet controlled by the agent, without a bank account or days…
Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit’s share of XRP wallet flows has climbed to…
In brief Crypto swap APIs let businesses add token exchange inside their own apps, pulling liquidity from an outside provider without building exchange infrastructure.…
Happy Tuesday, and welcome to another edition of Rent Free. It’s election day here in D.C., so our lead story looks at the district’s…
A handful of tokens continued their run while bitcoin and the rest of the crypto market stalled after the early week bounce. Read the…
Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run…