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In brief A lawsuit against Bitcoin treasury Strategy has been scrapped. Much like a different lawsuit dismissed in August, this one alleged shady accounting practices. A number of lawsuits have been brought against Strategy this year, Decrypt previously reported. Another shareholder lawsuit alleging dodgy accounting practices at Bitcoin treasury giant Strategy has been dropped, court...
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Perplexity, the AI-powered search startup that compete with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to Bloomberg’s July report. Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBook data. It’s unclear who led Perplexity’s latest capital injection. Bloomberg reported that the July financing was an extension of a previous $500 million round completed…
XRP has entered a shocking new phase of development, with reports confirming its ledger’s use in debt tokenization. This development comes when the United States (US) faces a multitrillion-dollar debt problem, drawing attention to the XRP Ledger’s (XRPL) potential role in modernizing how debt is managed and settled on a larger scale. As adoption for XRPL accelerates, its integration into debt-related infrastructure highlights how blockchain technology is beginning to intersect with the world’s largest financial challenges. XRP Ledger: A Potential National Debt Solution Crypto analyst SMQKE has alerted the crypto community to a shocking World Economic Forum (WEF) report, highlighting…
In brief President Lukashenko said tokenization can cut intermediaries, automate deals, and boost user control. Belarus has seen $1.7 billion in crypto payments this year, with $3 billion projected, according to Lukashenko. Russia-aligned states like Kyrgyzstan have shown similar sanction-driven patterns. Belarusian President Alexander Lukashenko is urging the nation’s banks to ramp up their use...
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Avalanche (AVAX) has been riding a wave of optimism as bulls push for a breakout above the crucial $27–$28 resistance zone. Currently, AVAX trades just above $26.5, marking its fourth consecutive day of gains. Related Reading The move comes as Ava Labs strengthens its ecosystem with two high-profile partnerships: an MoU with Korean firm WeBlock to expand real-world asset (RWA) tokenization and a collaboration with Toyota Blockchain Lab on mobility infrastructure. AVAX’s price trends to the upside on the daily chart. Source: AVAXUSD chart from Tradingview Strategic Partnerships Drive Real-World Adoption for Avalanche The WeBlock deal is set to introduce…
Ripple has once again caught headlines after quietly transferring 15 million XRP tokens just hours after securing a legal win against the U.S. Securities and Exchange Commission (SEC). Related Reading The transaction, recorded on Ledger #98,741,614, carried a negligible fee of 0.000015 XRP, showcasing the network’s efficiency. While Ripple has not provided an official statement, analysts suggest the move could be tied to liquidity preparation for exchanges, settlement mechanisms, or the expansion of Ripple’s On-Demand Liquidity (ODL) corridors. The timing, so close to its courtroom victory, has fueled speculation that Ripple is positioning itself for a new phase of institutional…
Bitcoin’s latest bounce off a support level at $110,000 has coincided with a technical observation shared by crypto analyst CrypFlow, who highlighted a shakeout pattern that’s currently playing out, which has always preceded the strongest legs of Bitcoin’s bull runs. According to the analyst, the ongoing shakeout pattern setup may be laying the foundation for another rally that could take Bitcoin above its all-time high and beyond $130,000. The Anatomy Of Bitcoin’s Shakeout Pattern Bitcoin’s price action in the past 24 hours has been highlighted by intense volatility, opening the day just above $113,000 before dipping to $110,800 and quickly…
In brief Binance, the world’s biggest crypto exchange, and Franklin Templeton, one of the world’s biggest asset managers, are working together to release digital asset products. The two did not reveal what the products would be, but said further announcements will come later this year. They did say the products would cater to a “broad...
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In brief Chainlink is expanding partnerships with U.S. agencies to bring more government functions on-chain beyond their current Department of Commerce collaboration. The company is starting with feeding public economic data into crypto markets, but has longer-term goals of bringing U.S. elections onto blockchain systems. Nazarov says blockchain election verification technology is ready, but implementation...
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The 12-hour Dogecoin chart shared by the analyst Cantonese Cat (@cantonmeow) maps a textbook Adam and Eve double-bottom that has been forming since early August. The left trough (“Adam”) is a sharp V-shaped selloff into the swing low at $0.18864. The second trough (“Eve”) is a…