Here is what happened yesterday in the crypto market:
Bitcoin Rebounds Amidst Middle East Tensions, Analysts Warn of Pullback
Despite escalating conflict between Israel and Iran triggering market jitters, Bitcoin has shown resilience, bouncing back to $106,000 after slumping. Analysts, however, caution about a potential deeper pullback.
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Anthony Pompliano to Head $750M Bitcoin Investment Vehicle
Digital assets influencer Anthony Pompliano is set to become the CEO of ProCapBTC, a new investment vehicle aiming to acquire large amounts of Bitcoin, according to the Financial Times.
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SharpLink Acquires $463M in Ether, Becoming Largest Public ETH Holder
SharpLink Gaming (SBET) acquired 176,271 ETH for nearly $463 million, making it the largest publicly traded holder of ETH, despite shares remaining significantly lower.
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SEC Rescinds Biden-Era Proposed Crypto Rules
The US Securities and Exchange Commission (SEC) has rescinded a slate of rules the agency proposed under the Biden Administration, including two relating to crypto custody and exchanges.
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Ripple and SEC File Joint Motion to Release $125M Held in Escrow
Ripple and the SEC have jointly filed a motion to release $125 million in funds held in escrow to cover settlement costs.
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