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First Mover Americas: Bitcoin at $100K Sounds Nice, but Expect Pullback

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Ether ETFs Saw Biggest Outflows Since July Bitcoin Breaks $64K While…

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Sui Network Back Up After Scheduling Bug Leads to Two-Hour Downtime; SUI Recovers

Sui Network (SUI), a relatively new blockchain, experienced an unexpected two-hour outage on Thursday. Sui's downtime was caused by a bug in its transaction scheduling logic, which led to its validator network crashing. The issue has now been resolved, the network…

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Futures Open Interest on CME Surpasses 215K Bitcoin for the First Time as BTC Eyes $100K

Bitcoin futures open interest on the CME exchange has hit 218,000 BTC ($21.3 billion). The cryptocurrency's market cap is closing in on a historic $2 trillion. CME growth is largely coming from active and direct participants, K33 research says. Bitcoin Breaks…

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Chillguy Creator Threatens Legal Action as Crypto Trenches Scour TikTok

Phillip Banks, the creator of the "Chill Guy" meme, said he's copyrighted the character and plans to issue takedown notices for any for-profit use. Notable figures in the crypto community responded by humorously suggesting Banks accepts tokens or money through a…

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BitGo Launches Singapore Services, Eyes Other Crypto-Friendly Regions in Asia

US digital asset infrastructure provider BitGo has officially launched BitGo Singapore. Although the company has operated in the city for several years, it will now offer a wider range of services for institutions. It follows the Monetary Authority of Singapore issuing…

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Leveraged MicroStrategy Markets Showcase Risk-On Like Never Before as Bitcoin Aims for Six-Digit Price

Options tied to Defiance's 2X long MicroStrategy ETF (MSTX) exhibit extreme bullish positioning. The leveraged ETF is designed to two times or 200% of the daily performance of MSTR's share price. Bitcoin Breaks $64K While Gold Soars ETH/BTC Ratio Slid to…

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Crypto Agents and Verifiable Systems Are the Future of Safe, User-Centric Tech

As technology continues to progress, a critical question surfaces: how can we build systems that empower individuals while safeguarding against misuse? The answer may lie in an emerging class of autonomous digital technology, commonly being referred to as “agents.” Agents are…

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Frank McCourt’s Decentralized Internet Project Enters Ethereum Ecosystem With Consensys Partnership

Project Liberty, which is building a decentralized social media ecosystem, is working with Consensys to expand into Ethereum (ETH). The project is "meeting the zeitgeist" and is population-scale ready, founder Frank McCourt said in an interview. Bitcoin Posts New ATH Amid…

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The Protocol: ENS on Bitcoin; Worldcoin, Without the Eyeballs

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Marc Hochstein, CoinDesk's deputy editor-in-chief for features, opinion and standards. IN THIS ISSUE: Trump's Media Company in Talks to Buy Crypto Trading Platform Bakkt;…

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DeFi’s Renaissance

The repercussions of historically stringent cryptocurrency oversight are well-documented, but the ensuing sea change is perhaps not fully appreciated. With pro-crypto legislators likely to replace the current regulatory regime, we anticipate a more favorable environment for crypto applications. Decentralized finance (DeFi),…

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Substack’s Bet on Politics Newsletters Leads to Subscriber Growth

The newsletter start-up, which once drew an overture from Elon Musk, is betting on politics content and recruiting stars. But profits remain elusive.In April 2023, the newsletter platform Substack received an unexpected proposal from Elon Musk, who had recently purchased Twitter.Mr.…

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Scientific American Editor Resigns After Calling Some Trump Supporters ‘Fascists’

Laura Helmuth, the editor in chief of Scientific American, apologized and attributed her comments, which she shared on social media, to “shock and confusion about the election results.”The editor in chief of Scientific American, the oldest continuously published magazine in the…

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Trump’s Matt Gaetz Pick Concerns Both Right- and Left-Leaning Media

President-elect Donald J. Trump’s selection of Matt Gaetz as his attorney general drew criticism from liberal media outlets and even some conservatives ones. They questioned Mr. Gaetz’s integrity and called him a risky choice for the cabinet.Mr. Gaetz, a staunch ally…

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Political Reporter Olivia Nuzzi Drops Protective Order Against Ex-Fiancé

Ms. Nuzzi, a former writer for New York magazine embroiled in a scandal involving Robert F. Kennedy Jr., had accused her ex-fiancé of harassment and blackmail.Olivia Nuzzi, the high-profile New York magazine writer whose entanglement with Robert F. Kennedy Jr. set…

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Nicholas Carlson, Former Business Insider Editor, Launches Media Start-Up

Nicholas Carlson has witnessed spectacular failures in the tech and media worlds over the years. As the former top editor of Business Insider, he chronicled the carnage at Yahoo and Groupon, and then watched several Silicon Valley companies and rival publications…

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