Teucrium launched XXRP, the first 2x leveraged XRP ETF! Trading in the US now, XXRP aims for double the daily return of XRP. Expense ratio: 1.85%. (via Bloomberg)
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Meta admits to Llama 4 performance variations due to rapid release. Generative AI lead Ahmad Al-Dahle says fixes are coming soon. He also denied claims Llama 4 was pre-trained on test data. #AI #Llama4 #Meta
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The Nikkei 225 index experienced a significant intraday rally, climbing approximately 6% to reach a level of 32,966.
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Binance's Nigeria tax evasion case delayed to April 30th. Court gives tax authorities time to respond to Binance's challenges. Nigeria claims $79B+ in unpaid taxes (2022-23). Binance contests legality of email document service, citing Cayman HQ and no physical Nigerian presence.
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Elon Musk reportedly urged Trump privately to reconsider his proposed tariffs on Chinese goods (up to 50%!), per WaPo. Then, Musk shared a video on X featuring Milton Friedman discussing global trade, seemingly a public disagreement with the policy. #tariffs #China #ElonMusk #Trump
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According to Whale Alert, the USDC Treasury executed three separate burns of approximately 50 million USDC each on the Ethereum network in the early hours of today. In total, 150 million USDC, valued at roughly $150 million, were destroyed.
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Crypto Fear and Greed Index Remains in "Extreme Fear"
The Crypto Fear and Greed Index currently sits at 24, according to data from Alternative.me.
This indicates that the cryptocurrency market is still experiencing "Extreme Fear," a slight increase from yesterday's reading of 23.
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The White House is pushing federal agencies to embrace AI with new guidelines from the Office of Management and Budget (OMB). The updated policies aim to cut red tape and speed up the process of adopting and purchasing AI tech, all while protecting privacy and civil liberties.
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Trump-linked crypto World Liberty Financial ($WLFI) plans to airdrop a USD1 stablecoin to $WLFI holders on Ethereum to test functionality & reward early supporters. Airdrop amount varies. WLFI reserves the right to modify/cancel. #crypto #WLFI
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Galaxy Digital's move to Nasdaq is one step closer! The SEC approved their S-4 registration. Shareholders vote May 9 on relocating from the Cayman Islands to Delaware. Expected Nasdaq listing under "GLXY" in mid-May. Currently on the Toronto Stock Exchange.
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Trump's team eyes "exporter tax credits" for US firms hit by retaliatory tariffs, offering tax refunds to offset losses. Internal disagreements suggest White House doubts about tariff effectiveness. #Trump #Tariffs #Economy
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SEC hosts "Between Blocks and Breakdowns: Tailoring Regulation to Crypto" roundtable on April 11, 1-5 PM ET in D.C. Livestreamed. Experts from Uniswap Labs, Coinbase, NYSE & more will discuss crypto regulation. Commissioner Peirce aims for regulatory clarity. #crypto #SEC #regulation
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Trump won't drop "reciprocal tariffs," claiming leaders want to negotiate. He rejected an EU tariff elimination proposal, alleging trade cheating. Netanyahu pledged to eliminate Israel's trade deficit with the U.S. quickly. U.S.-Israel trade in 2024 was ~$37B, with Israel having a $7.4B surplus.
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Fed Rate Watch: May rate cut probability at 57% (CME FedWatch). Holding steady: 43%. June: Steady at 20.4%, 25bp cut at 49.7%, 50bp cut at 29.9%.
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Conversely, the Berachain network experienced a decrease of $269.56 million in its USDT and USDC holdings during the same period.
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Despite ETH fud, whale 0x5fA is stacking! 🐳 They've scooped up 13,075 ETH (~$23.27M) in the last month at ~$1780 per ETH, according to @thedatanerd. Currently staking 24,300 ETH on Lido and hasn't sold a single coin! Bullish signal? 🤔 #Ethereum #ETH #crypto
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On April 7, US Bitcoin ETFs saw a net outflow of 1,939 BTC ($151.8M), with Bitwise leading the exodus (751 BTC). Ethereum ETFs also experienced outflows, losing 1,079 ETH ($1.68M), again with Bitwise seeing the largest decrease (2,008 ETH).
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KuCoin is now SOC 2 Type II certified! ✅ This validates our commitment to top-tier security and compliance. A year-long audit confirmed our robust controls for protecting your data and ensuring system reliability. Trade with confidence! #KuCoin #SOC2 #CryptoSecurity
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$1.6B+ in crypto liquidations in 24 hrs, per Coinglass. Long positions dominated at $1.248B, shorts at $377M. Bitcoin saw $600M liquidated, Ethereum $460M.
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Metaplanet, a Japanese public company, repaid a ¥2B ($13.5M USD) bond early, used to buy Bitcoin. CEO Simon Gerovich embraces Bitcoin's volatility, calling it "a natural component of a truly rare…long-term potential asset." #Bitcoin #Metaplanet
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