The cryptocurrency market has been experiencing a concerning trend with the emergence of tokens launching with high valuations and limited initial circulating supply. This practice has raised questions about the sustainability of potential gains for traders following the token generation event (TGE). Recent research from Binance has shed light on this issue, revealing a growing
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Recently, OKX announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing the withdrawal of its virtual asset service provider (VASP) license application as the reason behind this move. Despite stating that
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After the much-anticipated Bitcoin halving in April, the cryptocurrency market has been closely watching for signs of a major price breakout for Bitcoin. While there was a brief surge in price to $71,443 last week, Bitcoin soon experienced a retracement, dropping to as low as $66,936. Renowned analyst Rekt Capital has offered some interesting insights
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In recent days, the price of Ethereum has been oscillating within a narrow range, fluctuating between $3,949 and $3,627. This comes after a significant rally that propelled the cryptocurrency’s value to surge by over 10%. The current consolidation phase indicates a period of price stabilization and accumulation, hinting at an impending breakout in either direction.
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