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Here’s what happened in crypto today

On October 3, 2023, Bitcoin experienced a significant price drop, falling below $26,000 amid concerns over regulatory scrutiny and macroeconomic factors. Ethereum also saw a decline, dropping nearly 5% as traders reacted to the market volatility. Meanwhile, several altcoins faced similar downturns, with notable losses in the DeFi sector. In regulatory news, the SEC announced plans to increase oversight of cryptocurrency exchanges, raising concerns among investors. Overall, the market sentiment remains cautious as traders await further developments.

Read the full article: Coin Telegraph

From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says

Silicon Valley Bank reports that 2023 marks a significant year for the integration of traditional finance and cryptocurrency, highlighting a growing acceptance of digital assets among mainstream financial institutions. The bank notes that regulatory clarity and advancements in technology are driving this convergence, enabling more seamless interactions between Wall Street

Bitcoin 'Boom-Bust' Era Is Over as Institutions Take the Lead: WisdomTree

WisdomTree reports that the era of Bitcoin's "boom-bust" cycles is ending as institutional investors increasingly dominate the market. The firm highlights a shift in sentiment, with institutions now viewing Bitcoin as a legitimate asset class rather than a speculative investment. This change is attributed to growing

Crypto mining can help energy volatility, Paradigm responds to policy onslaught

Paradigm has responded to recent policy challenges facing the crypto mining industry, emphasizing that crypto mining can play a role in stabilizing energy volatility. The firm argues that by utilizing excess energy during low-demand periods, crypto mining can help balance energy supply and demand. Additionally, Paradigm highlights the potential for

Metaplanet Posts $605 Million Loss After Spending Billions on Bitcoin

Metaplanet reported a significant loss of $605 million following substantial investments in Bitcoin, totaling billions of dollars. The company's aggressive strategy in the cryptocurrency market has raised concerns among investors about its financial stability. Despite the losses, Metaplanet remains committed to its long-term vision in the crypto space.

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From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says

Bitcoin 'Boom-Bust' Era Is Over as Institutions Take the Lead: WisdomTree

Crypto mining can help energy volatility, Paradigm responds to policy onslaught

Metaplanet Posts $605 Million Loss After Spending Billions on Bitcoin