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Johnny Ng Advocates for Bitcoin in Financial Reserves for Hong Kong While DTX Exchange Presale Provides 100% ROI

Johnny Ng, a leading Hong Kong legislator, has made waves in the crypto market by suggesting that Bitcoin should be included in the city state’s financial reserves. He also claims that Hong Kong must speed up the development of its Web3 ecosystem, or it will fall behind. This is no surprise, considering how much more popular cryptos are becoming. For instance, the DTX Exchange (DTX) presale, which is now in Stage 2, has raised over $1.1M and may reach $2M before August 2024 ends....

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Spot Ethereum ETFs Boost Trading Volumes to $14.8 Billion, Highest Since May

The debut of spot Ethereum ETFs in the United States resulted in some of the highest inflows since December 2020 over the last week. According to CoinShares, the newly launched funds attracted $2.2 billion last week. Since then, the trading volume of Ethereum ETPs has also surged by 542%. However, the inflows have been hampered by Grayscale’s existing $1.5 billion Ethereum trust, which resulted in ETH experiencing a net outflow of $285 million for the week. This mirrors the...

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Bitcoin Plummets Under $67,000 As U.S. Government Moves $2 Billion In Bitcoin

On-chain analysts just caught the U.S. government moving around $2 billion worth of its massive BTC holdings, sparking market panic that it might be preparing for another sale. Meanwhile, Bitcoin’s price has steadily declined throughout the day, tapping $70,000 at 13:15pm UTC before crashing to $66,900 by 17:26 UTC. At 16:18 UTC, data from Arkham Intelligence showed that the government’s Bitcoin wallet had moved 29,799 BTC ($2.02 billion) to a new blockchain address. That $2...

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Bitcoin Bounces Back Near ATH: The Forces Behind the Surge

Bitcoin neared its all-time high earlier today before it was rejected there. There are several factors at play that have supported the price surge of the flagship crypto asset. For one, bitcoin surpassed the average realized price for short-term investors after soaring well past $63,500, indicating renewed market strength. According to the latest findings by the on-chain analytic platform CryptoQuant, the market capitalizations of USDT and USDC have grown, which has...

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Pepe Unchained Hits $6M in Presale for Layer 2 Meme Coin Blockchain Plans

In a crypto market filled with useless meme coins, one project aims to be different. Pepe Unchained (PEPU) has now raised over $6 million in its presale phase. And investors are excited to see if its Layer-2 network could shake up the meme coin sector for good. Pepe Unchained – The Meme Coin Building Its Own Layer-2 Network Pepe Unchained isn’t your average meme coin. While it has the popular Pepe the Frog theme, it also packs some serious tech. The developers aim to create...

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WienerAI’s $8M Presale Set to End in Under 48 Hours as Some Analysts Forecast Big Gains

Crypto investors are on high alert as one of the hottest presales enters its final hours. The WienerAI (WAI) presale has already raised over $8 million – and investors are scrambling to decide if this AI-powered meme coin could be about to explode after hitting the open market. Final Days of WienerAI Presale with Over $8M Raised The clock is ticking on WienerAI’s presale. With under two days left, this meme coin project has received over $8 million in funding. But it’s not...

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This Popular Analyst Remains a Dogecoin (DOGE) Holder and Expects a New ATH Soon: Details

TL;DR Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns. Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend. Not Selling a Single Coin The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well in the last week, witnessing a 7% price increase. In the past few days though, it briefly lost the momentum, with its price...

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