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CoinUp explores 'legal action' over price volatility, Zhu Pan tie rumors
Following the sharp crash of its native token, CoinUP, a Singaporean-headquartered crypto exchange has stated that it is exploring legal actions after posts emerged on social media linking it to Zhu Pan, a controversial figure associated with past fraud allegations in China’s crypto scene. The exchange published two statements on X on June 23 and...Cryptopolitan
Tue, Jun 23
Crypto Today: Bitcoin, Ethereum, XRP slide as capital outflows persist
The cryptocurrency market is experiencing broad-based declines on Tuesday, as Bitcoin (BTC) retests support at $62,000, Ethereum (ETH) extends losses toward $1,600, and Ripple (XRP) remains anchored near the key $1.10 demand zone.
Alibaba and miHoYo refuse to cash out on MiniMax’s AI boom
MiniMax is set to experience its first-ever share unlock on July 9 following its IPO. The company is an AI startup based in China that has more than doubled its value relative to its Hong Kong debut last January. Its two major strategic investors, namely Alibaba and miHoYo, claimed that they will not sell any...Cryptopolitan
Tue, Jun 23
South Korean crypto exchanges now handle more remittance volume than banks
South Korean crypto exchanges are now processing more cross-border money transfers than traditional banks, according to data reported in local news. South Korea’s five largest won-denominated crypto exchanges recorded 163.55 trillion won ($125.8 billion) in cross-border transfers last year, a 380% increase from 34.02 trillion won in 2022. Why are banks investing in crypto companies?...Cryptopolitan
Tue, Jun 23
Russia bets on domestic AI but won’t ban foreign models
The Russian government has greenlighted a new bill designed to regulate and support the development of artificial intelligence in the country. The legislation, which aims to promote domestic AI solutions, will not ban the use of other neural networks or the training of local models with foreign data. Russia sets out to regulate artificial intelligence...Cryptopolitan
Tue, Jun 23
MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU
The cryptocurrency market is losing momentum and liquidity due to the lack of a bullish catalyst, such as Artificial Intelligence (AI), which is reducing retail and institutional participation.Fxstreet
Tue, Jun 23
Cboe eyes perpetual futures conversion for Bitcoin and Ether contracts
Chicago Board Options Exchange (Cboe) may be considering a possible transition from Bitcoin and Ether continuous futures into perpetual type of instruments. This transition would bring a crypto-native derivatives design further into regulated U.S. markets and would result in growing competition between exchanges that target a perpetual market worth $61.7 trillion in annual trade volume....Cryptopolitan
Tue, Jun 23
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