Here is what happened yesterday in the crypto market:
Bitcoin Plunges Amidst Market Volatility, Liquidations Surge
Bitcoin experienced a sharp decline, falling below $103,000 after reaching $106,500 earlier in the day, leading to $450 million in crypto liquidations. The positive market sentiment quickly reversed during the U.S. session, highlighting the inherent volatility in the cryptocurrency market.
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SEC Approval Odds Surge for Spot Crypto ETFs including XRP and DOGE
Bloomberg analysts predict a high likelihood of the U.S. Securities and Exchange Commission (SEC) approving spot crypto exchange-traded funds (ETFs) for various cryptocurrencies, including XRP, SOL, and DOGE. The expectation reflects a growing sentiment of regulatory acceptance within the crypto space.
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Coinbase Expands to Europe with MiCA License in Luxembourg
Coinbase has secured a Markets in Crypto Assets (MiCA) license in Luxembourg, enabling the crypto exchange to offer its services across the European Union. This move marks a significant step in Coinbase’s European expansion and aligns with the evolving regulatory landscape for digital assets.
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North Korean Hackers Target Crypto Workers Via Job Applications
A North Korean hacking group is using Python-based malware disguised as job applications to target workers in the cryptocurrency industry. This campaign aims to steal passwords and compromise crypto wallets, highlighting the increasing sophistication of cyber threats in the crypto space.
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Thailand SEC Considers Allowing Exchanges to Issue Utility Tokens
Thailand’s Securities and Exchange Commission (SEC) is consulting on new rules that would allow crypto exchanges to issue their own utility tokens. This regulatory move could enable exchanges to offer innovative services and incentivize user engagement, fostering growth within the Thai crypto market.
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