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Breaking news! Giant Bank Starts Spot Transactions for Bitcoin and Ethereum. There was a hot development in the cryptocurrency world today. Standard Chartered, a pioneer among global banks, is preparing to open a trading desk for #Bitcoin and #Ethereum , according to sources familiar with the matter, as reported by Bloomberg. This move makes Standard Chartered the first major financial institution to step into spot cryptocurrency trading. Sources, who requested anonymity due to the sensitivity of the information, stated that the crypto trading desk to be established is approaching operational readiness and will be integrated into the bank's existing FX trading unit. The unit, which is expected to be headquartered in London, will place Standard Chartered in a strategic location within the global financial hub where significant crypto trading activity already takes place. The meaning of this initiative for the cryptocurrency world can now be considered as a sign that they are being adopted within traditional finance. With Standard Chartered's decision to establish a crypto trading desk, many institutional and individual investors who have not yet entered the field will now be introduced to cryptocurrencies. Despite this positive development, Bitcoin has fallen to the level of $ 63,600.
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The #BNB Greenfield network's Veld hardfork is coming on July 8th at 07:00 AM UTC, bringing major updates. Validators & SPs must update to: • Validators: greenfield v1.8.0 • SPs: greenfield-storage-provider v1.8.0 Learn more in our blog below 👇
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Arkadaşlar #ParrotBambooCrypto olarak; Hooked Protocol , KIP Protocol , Mogul Productions Türkiye temsilciliğini yürütüyoruz. Hepinizi Bekleriz 👇 https://t.me/HookedProtocolTurkeyOfficial https://t.me/KIPProtocol_TR https://t.me/mogulstarturkiye
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Michael van de Poppe Talked About the Altcoin Rally. The cryptocurrency market has entered a medium-term bearish trend with the Bitcoin (BTC) price falling below $64,000 on Friday. Significant cash outflows from United States-based spot Bitcoin exchange-traded funds (ETFs) over the past five days have weighed heavily on bullish sentiment. On Thursday, Grayscale's GBTC and Fidelity's #FBTC experienced net cash outflows of approximately $53 million and $51 million. BlackRock's IBIT alone recorded a small cash inflow of about $1 million on Thursday. While Bitcoin whales continue to weigh heavily on medium-term bullish sentiment with increasing liquidations, on-chain data shows Ethereum whales are in the market. For example, a Binance wallet affiliated with Justin Sun purchased 9,338 Ethereum worth over $30 million on Friday. On the other hand, Bitcoin whales, led by the German government, continued to deposit money into exchanges in order to make profits in the last 24 hours. “Markets continue their downward slide, but Ethereum is showing some resistance. As long as $ETH remains above 0.05 BTC, all is well and a trend reversal is on the horizon. “The first upward trend in 2.5 years has activated the power of the Altcoin market.” According to popular crypto analyst Michaël van de Poppe, the altcoin market is on the verge of gaining bullish momentum against Bitcoin after more than two and a half years. The analyst said that the ETH/BTC pair is showing some resistance to the downtrend. As a result, Poppe stated that the Ethereum price against the US dollar will increase exponentially in the near term as long as the ETH/BTC pair remains above 0.05. The altcoin market has already attracted significant interest from institutional investors, as evidenced by #Solana ETP in Canada. However, Bitcoin dominance stands on the verge of a major comeback. According to the analyst, this will trigger an increase in cryptocurrency rotation in favor of altcoins.
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