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Columbavnes

@columbavnes

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📰 CRYPTO DAILY DEGEN DIGEST - Friday, May 16, 2025 🔥 TOP HIGHLIGHTS • FTX will begin distributing over $5 billion to creditors starting May 30, 2025. • Tether mints $1 billion USDT on Tron, surpassing Ethereum's USDT supply. • Wintermute opens a New York office, citing improved US regulatory conditions for crypto. 💰 MARKET OVERVIEW The cryptocurrency market has seen some volatility recently as Bitcoin faces resistance around $106,000 amidst a backdrop of economic uncertainty. While Bitcoin has experienced significant capital inflows into spot ETFs totaling $2.9 billion over the past weeks, recent trading activity has shown a decline in demand, with whales increasing purchases despite recent price fluctuations. Stablecoins are also experiencing a regulatory spotlight, with various jurisdictions navigating their legal frameworks.
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