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The ongoing legal confrontation between FTX and the beleaguered Three Arrows Capital (3AC) represents more than just a financial dispute; it serves as a stark illustration of the perilous landscape that has emerged within the cryptocurrency sector. FTX’s bankruptcy lawyers are pushing back vehemently against 3AC’s astronomical claim of $1.53 billion, branding it as “illogical.”
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Bitcoin dominance has reached an impressive peak, surpassing previous metrics and instilling a sense of caution among cryptocurrency enthusiasts. This unprecedented surge paints a complex picture for altcoins, signaling both the potential for despair and opportunity. The sentiment in the market can swing violently between euphoria and dread. It’s crucial to acknowledge how this surge
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The cryptocurrency landscape has recently been shaken by a shocking decline in Ethereum’s value, with the altcoin plummeting 17% since last Friday. This dramatic downturn, which sees Ethereum teetering on the edge of critical support around $2,100, is indicative of a larger trend: the increasingly volatile intersection of global politics and market psychology. The catalyst?
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In the ever-fluctuating world of cryptocurrency, Bitcoin has emerged once more as a fascinating case study—both for its price trajectory and the sentiment among its investors. The recent plunge to nearly $98,467 was turbulent, but rather than indicating stagnation, this situation may be interpreted as an accumulation of energy. Observations from analysts like CryptoQuant’s Avocado_onchain
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The cryptocurrency market often pulsates with intensity and unpredictability; however, recent events surrounding Ethereum (ETH) cast a particularly ominous shadow. A substantial transfer of 129,392 ETH—valued at over $312 million—from an enigmatic wallet to the Coinbase exchange has sent tremors throughout the crypto community. The transfer, flagged by Whale Alert on social media, has given
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