Here is what happened yesterday in the crypto market:
XRP and Dogecoin Surge After SEC Recognition
XRP and Dogecoin experience significant price increases following the SEC’s acknowledgment of Grayscale’s applications for their respective spot ETFs. This positive market response highlights increasing institutional interest in cryptocurrencies.
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Coinbase Surpasses Revenue Expectations
Coinbase reported a remarkable $2.27 billion in fourth-quarter revenue, significantly exceeding estimates of $1.84 billion. This surge is attributed to a major crypto bull run during the period surrounding Trump’s election victory.
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South Korea to Lift Crypto Trading Ban for Corporations
South Korea’s Financial Services Commission is set to lift the ban on cryptocurrency trading by institutions, a move that reflects the increasing global participation in the cryptocurrency market.
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Bitcoin Eyes PPI for Future Insights
With the consumer price inflation figures recently exceeding expectations, all eyes are on the upcoming Producer Price Index report, which market participants hope will provide clues about future trends in Bitcoin and the broader crypto market.
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GameStop Explores Bitcoin Investments
GameStop is reportedly considering venturing into cryptocurrency investments, especially in Bitcoin, reflecting the growing interest among traditional companies to adapt to the evolving digital asset landscape.
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