Crypto news, edited for clarity.
Concise reporting sourced from established crypto publishers and reviewed before publication.
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How short liquidations cleared $500B in crypto positions before institutional buyers took over
Crypto added $500 billion in market value as a short liquidation squeeze preceded an influx of regulated investment products, lifting Bitcoin toward $80,000.
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Russia just switched on a crypto market that doesn’t fully exist yet
Russia's new crypto law took effect on Sept. 1, legalizing regulated investing and cross-border use before exchanges are fully operational.
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Cango Revenue Falls 50% as Bitcoin Miner Cuts Hashrate and Pivots to AI
According to BlockchainReporter, Bitcoin miner Cango Inc. reported a 50% drop in Q2 revenue to $50.8 million and an $81.6 million net loss.
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XRP Futures Open Interest Shifts to CME as Institutional Participation Grows
BlockchainReporter reports XRP futures open interest has shifted to CME as institutional participation grows ahead of a Senate vote.
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No Hardware, No Problem: How to Mine Crypto with CT Pool
BlockchainReporter outlines CT Pool, a mobile platform allowing users to earn cryptocurrency rewards without owning or configuring hardware.
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KuCoin Expands Institutional Lending With Unified Trading Account Integration
KuCoin integrated its Institutional Interest-Free Lending Program with its Unified Trading Account to streamline capital deployment.
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Singapore Proposes Stablecoin Issuance License With 100% Reserves
MAS proposes a stablecoin issuance license requiring 100% reserves and a systemic stablecoin framework.
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Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest Buy
Strive became the fifth-largest publicly traded bitcoin treasury after purchasing 1,800 bitcoins, causing its stock to surge.
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Strategy Opposes MSCI Proposal, Says Bitcoin Treasury Firms Are Being Targeted a Second Time
Bitcoin Magazine reports that Strategy has criticized MSCI's proposal to exclude digital asset treasuries from its global equity indexes.
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AI data centers are learning the power trick Bitcoin miners mastered first
CryptoSlate reports that AI data centers are experimenting with flexible grid management techniques pioneered by Bitcoin miners, such as curtailing non-urgent computing work during peak power demand.
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