Here is what happened yesterday in the crypto market:
Bitcoin Drops Amidst Mideast Tensions, $200K Target Still Possible
Bitcoin experienced a dip due to rising tensions in the Middle East, but analysts suggest that a weaker dollar and subdued inflation could still pave the way for a rally to $200,000 by year-end.
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Coinbase to Launch Bitcoin Rewards Card with Amex and Eyes U.S. Futures Expansion
Coinbase is set to release a credit card in collaboration with American Express, offering Bitcoin cashback rewards. Additionally, the exchange is exploring opportunities to expand its futures offerings in the U.S. market.
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Trump Administration Aims for Clear Crypto Frameworks
President Donald Trump reiterated his commitment to cryptocurrency at a conference, stating that his administration will work towards establishing clear and simple regulatory frameworks for the crypto industry.
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Shopify to Enable USDC Payments via Coinbase’s Base for Merchants
Shopify will integrate USDC payments on Coinbase’s Base, an Ethereum layer-2 network, enabling merchants worldwide to accept stablecoin payments.
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Ethereum Futures Open Interest Hits Record $20B, Signaling Bullish Sentiment
Ethereum’s price has seen a significant rally, with futures open interest reaching an all-time high of $20 billion, indicating strong bullish sentiment among traders.
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