Here is what happened yesterday in the crypto market:
Bitcoin Rebounds Towards $110K Amidst Market Volatility
Bitcoin is showing resilience, bouncing back towards $110,000 after a brief dip. This movement suggests a potentially volatile July for the cryptocurrency market, keeping traders on high alert.
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Deutsche Bank to Offer Crypto Custody Service
Deutsche Bank is planning to launch a crypto custody service next year in collaboration with Bitpanda. This move signifies growing institutional interest and adoption of cryptocurrencies within traditional finance.
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Ripple Applies for Federal Bank Trust Charter, XRP Jumps
Ripple has applied for a national banking license, signaling its ambition to deepen its involvement in the financial sector. Following the announcement, XRP experienced a 3% price increase.
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Coinbase Expands USDC Adoption
Coinbase is actively promoting the adoption of Circle’s USDC stablecoin for payments and financial services. This positions Coinbase as a key player in expanding the utility and reach of stablecoins in the crypto ecosystem.
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Standard Chartered Predicts Bitcoin to Reach $135K in Q3
Standard Chartered forecasts that Bitcoin could surge to $135,000 in the third quarter of this year. The prediction is based on increasing corporate treasury buying and strong exchange-traded fund (ETF) inflows.
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