Topic: #trading
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Treasury and IRS seek information on crypto ETF in-kind redemption tax strategy
The Treasury and IRS are seeking information on a tax approach some crypto and commodity ETFs use around in-kind redemptions, as Treasury Secretary Scott Bessent pledged a crackdown on tax-dodging structures.
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Novig Hires Sydney Sweeney to Promote Sports Prediction Markets
Novig introduced actress Sydney Sweeney as a partner in its sports prediction exchange on September 9, signaling that prediction markets are moving beyond niche probability enthusiasts into mainstream entertainment and sports culture.
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Bitcoin slips below $85K as Treasury yields spike on strong US data
Bitcoin fell below $85,000 on September 23 after stronger-than-expected US business data sent Treasury yields higher, triggering $135.8 million in crypto liquidations within an hour and breaking a momentum rally that had pushed the token toward $87,000 earlier in the week.
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Moscow Exchange launches crypto perpetual futures with 600B ruble turnover
Moscow Exchange launched perpetual futures contracts tied to Bitcoin, Ethereum, Solana, XRP, and Tron on September 22, allowing qualified investors to gain crypto price exposure without holding the underlying assets. Cumulative turnover has exceeded 600 billion rubles.
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Strategy and Strive buy $183M Bitcoin as token rallies above $85,000
Strategy Inc. and Strive Inc. acquired $183 million in Bitcoin last week as the token rebounded to its highest level since January, signaling renewed appetite among listed companies for digital asset treasuries.
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Bitcoin surges past $85,000 as $648M short liquidations fuel rally
Bitcoin broke above $85,000 on a wave of forced short-seller buybacks, with $648 million in short liquidations driving the rally. The move marks the cryptocurrency's strongest advance since January and closes a 45-week gap below its 50-week moving average.
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NEAR token surges 78% as Intents volume nears $30 billion
NEAR Protocol's native token jumped nearly 80% in a week, trading at $4.29 on Monday. The surge coincided with the launch of confidential trading features on near.com and $29.3 billion in cumulative volume on NEAR Intents, which now includes privacy-focused Zcash swaps.
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Kraken joins X Cashtag program, enabling direct trading from social feed
Kraken integrated with X's US Cashtag partner program on September 16, allowing users to tap ticker symbols on the social platform to view prices and trade directly through Kraken's app or website. The integration formalizes crypto's historically close relationship between social discovery and financial transactions.
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XRP Ledger Transactions Spike 8.9% as Price Rallies to $1.43
XRP Ledger processed 2.34 million transactions in 24 hours on September 18, an 8.9% surge from the prior day, as XRP price rallied roughly 8% to $1.43 following momentum shift after the CLARITY Act setback faded.
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SEC Opens Five-Year Pathway for Tokenized US Stocks on Blockchain
The SEC's Innovation Exemption allows regulated US stocks to trade on blockchain-native venues for five years, arriving two days after the Senate blocked the CLARITY Act crypto bill. The framework opens the $77 trillion US stock market to decentralized trading mechanics.
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Korea Exchange's debut after-hours session roiled by retail-driven volatility
South Korea's Korea Exchange held its first after-hours trading session on September 14, generating $1.33 billion in turnover but triggering over 1,600 volatility halts as retail investors dominated thin order books.
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Metaplanet CEO Surrenders $220M Stock Rights to Rebuild Trust
Metaplanet announced a reset of its Series 10 stock acquisition rights on September 11, eliminating $220 million in warrant value and canceling 131.3 million potential shares as the Tokyo-listed Bitcoin treasury company realigns executive compensation with shareholder interests.
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NES Token Recovery Splits Holders Across Exchanges After $286M Exploit
NES token returned to trading on Binance Alpha and Kraken on September 10 after a security incident on August 24. The exchanges use different eligibility rules and snapshots for swaps and refunds, leaving some holders with unequal recovery outcomes.
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Strategy cuts net debt to $174M, challenges S&P junk rating
Strategy, the largest Bitcoin treasury firm led by Michael Saylor, has reduced net debt from $8.16 billion to $174 million and built $6.54 billion in dollar liquidity, challenging S&P's B- credit rating rationale. The company raised $21 billion in equity over eight months despite Bitcoin falling 30%.
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Jump Trading, Jane Street, IMC expand Hong Kong offices amid talent competition
Major proprietary trading firms including Jump Trading, Jane Street, and IMC Trading are rapidly expanding their Hong Kong operations, signaling the city's critical role in global electronic trading and intensifying competition for specialized talent in quantitative research and machine learning.
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Bitcoin surges 7.9% to $77,000 as $1.2B short squeeze liquidates bearish bets
Bitcoin climbed 7.9% in 24 hours to around $77,137, triggering a short squeeze that liquidated roughly $1.21 billion in bearish positions amid favorable regulatory signals from Washington.
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Binance commands 35% of crypto exchange TradFi perpetuals market
Binance captured over one-third of open interest in TradFi perpetual contracts, with total market volume exceeding $2 billion. The exchange launched gold and silver perpetuals in January and has expanded into equities, signaling deeper integration between crypto and traditional finance markets.
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Alpaca Controls 94% of Tokenized-Stock Market Despite Crypto's Decentralization Promise
Alpaca, a self-clearing broker founded in 2015, now custodies or clears roughly 94% of tokenized US stocks and ETFs—a concentration that mirrors the centralization crypto was supposed to eliminate. The DTCC's October launch of its own tokenization service may reshape the landscape.
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Bitcoin hits $62.3K as global stocks reach all-time highs
Bitcoin reached $62,295 on Friday, its highest level since June 24, as global equities hit record highs and weak US jobs data boosted risk appetite ahead of the Independence Day holiday.
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Ethereum's oldest wallets dump $52.5M ETH at $1,560 demand line
Four dormant Ethereum wallets sold 33,623 ETH worth $52.5 million near $1,560, testing whether fresh demand can absorb supply from long-term holders exiting after eight years of silence.
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Solana Foundation launches Frontier Traders with tiered rebates for pro traders
Solana Foundation introduced Frontier Traders on June 17, a program that aggregates trading activity across venues and offers tiered rebates and priority infrastructure to high-volume traders, targeting market makers and prop firms.
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Binance launches bStocks on BNB Chain for 24/7 US equity trading
Binance deployed bStocks on June 10, bringing around-the-clock trading of 1:1-backed US equity tokens to BNB Chain via Trust Wallet, eliminating traditional market hours and settlement delays.
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HTX delists USD1 stablecoin, converts balances to USDT
Crypto exchange HTX will permanently remove World Liberty Financial's USD1 stablecoin from its platform and convert eligible customer holdings to Tether at a one-to-one rate beginning June 7, escalating a dispute over frozen blockchain wallets.
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OKX Bitcoin perpetual funding hits -453%, forcing shorts into brutal losses
OKX's Bitcoin perpetual futures funding rate has cratered to -453% annualized, forcing short sellers to bleed roughly 1.3% daily in fees. The extreme divergence from Binance's -0.05% to -0.15% rates creates a 48 to 72-hour window where shorts must capitulate or their bearish thesis must play out.