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Leverage in the Bitcoin (BTC) Market is Increasing Again as $58.5K Becomes Key Level

At press time, bitcoin changed hands at around $58,000, representing a 2.5% over 24 hours, according to CoinDesk data. Ether (ETH), the second largest cryptocurrency by market value, traded 1% higher at $2,350, with an estimated leverage ratio of 0.35.

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Consumers Are More Positive About Crypto in 2024 With Under 1% Saying It’s a ‘Fad:’ Deutsche Bank Survey

A third of consumers said they thought the BTC price would be below $60,000 by year-end, and only 12%-14% thought it would cross $70,000. Bitcoin was trading around $58,200 at publication time. For the longer term, perceptions were mixed: 40% of respondents said they thought BTC would thrive in the coming years, while 38% said they expected it to disappear.

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Bitcoin (BTC) Yields as High as 45% on Offer in Pendle’s New Pools

The offering, which can also provide fixed yields of an annualized 10%, allows users to deposit LBTC, a liquid-staking token issued by restaking startup Lombard, in a Pendle pool made by Ethereum layer-2 network Corn. Data shows the pool has attracted over $13 million in user deposits since going live. It matures on Dec. 26.

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Bitcoin (BTC) Bargain Hunters Active on Kraken and Coinbase, CCData Show

“The average buy-sell ratio suggests stronger buying pressure on Kraken and Coinbase, with ratios of 250% and 123%, respectively, compared to near-parity on Bybit and Binance, which have ratios of 99% and 97%,” Hosam Mahmoud, research analyst at CCData told CoinDesk in an interview.

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Slowing Inflation Growth Points to More Upside in Crypto


Today’s CPI data show inflation growth continued to ease in August. That could be good news for crypto, says Scott Garliss.

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India and Nigeria Lead the World in Crypto Adoption, but Indonesia Is Fastest Growing: Chainalysis

Since last year, Indonesia jumped four places to third as one of the fastest-growing crypto markets. Within the Central & Southern Asia and Oceania (CSAO) Region, Indonesia has the highest year-over-year growth at nearly 200% and the highest cryptocurrency value received, at approximately $157.1 billion.

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Tokenized RWA Platform Huma Finance Gets $38M Investment, Plans Expansion to Solana and Stellar’s Soroban


Huma’s payment-finance platform aims to address the liquidity needs of trade financing using blockchain technology for faster settlement.

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Bitcoin Price (BTC) Bounces on Monday, but NYDIG Remains Cautious

The fourth quarter remains a few weeks off, and between now and then, said Cipolaro, bitcoin bulls might only be able to look to factors outside of crypto for positive catalysts. Among them would be macro news like employment, inflation and Federal Reserve policies. There’s also the November presidential election, and while candidate Donald Trump has made very friendly overtures to crypto, far less is known about Kamala Harris’ position.

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North Korean Group Behind $230M WazirX Hack Move $11M Stolen Ether (ETH) to Tornado Cash

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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How Tokenized Assets Will Save DeFi From Itself

DeFi, in its current form, has proven that an on-chain financial system can be created that provides all the core primitives that an open, globally accessible, and robust financial system would require: payments, swaps, lending, derivatives, insurance, and much more.