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Bitcoin, Ethereum and Solana Shorts Get Rekt as BTC Price Rebounds Near $69K

Bitcoin's price has rebounded close to $69,000, leading to significant losses for traders who had short positions on Bitcoin, Ethereum, and Solana. The surge in Bitcoin's value has resulted in over $200 million in liquidations for short positions across various exchanges. Analysts attribute the price increase to a combination of positive market sentiment and increased institutional interest in cryptocurrencies. As a result, many traders are now reassessing their strategies in light of the sudden market shift.

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The UK is picking winners for its digital dollar future while Coinbase CEO cries foul

The UK government is moving forward with plans for a central bank digital currency (CBDC), often referred to as a digital pound, and is selecting key players to help shape its development. Coinbase CEO Brian Armstrong has criticized the UK's approach, arguing that it favors certain companies over

UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut

The UK has chosen several firms to participate in its stablecoin regulatory sandbox, aimed at fostering innovation while ensuring consumer protection. Among the selected companies is Revolut, a well-known financial technology firm. The sandbox will allow these firms to test their stablecoin products and services in a controlled environment with

Blockfills co-founder and CEO Nicholas Hammer has stepped down

Nicholas Hammer, co-founder and CEO of Blockfills, has resigned from his position. The decision comes amid ongoing challenges within the cryptocurrency industry, which has faced significant volatility and regulatory scrutiny. Hammer's departure marks a significant leadership change for the company, which specializes in providing liquidity solutions for digital

Bitcoin Giant Strategy, Coinbase Among Most-Shorted Stocks: Goldman Sachs

Goldman Sachs has identified Coinbase as one of the most shorted stocks in the market, alongside other major companies. This trend reflects growing skepticism among investors regarding the cryptocurrency exchange's performance amid regulatory challenges and market volatility. The report highlights that Bitcoin's price fluctuations and the

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The UK is picking winners for its digital dollar future while Coinbase CEO cries foul

UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut

Blockfills co-founder and CEO Nicholas Hammer has stepped down

Bitcoin Giant Strategy, Coinbase Among Most-Shorted Stocks: Goldman Sachs