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Apollo said a stable token has a statutory requirement to be fully backed by US Treasurys, cash and repurchase agreements and must be 102% capitalized as a “mitigant against the risk of depegging.” The commission is also exploring how to make the token natively yield-bearing.
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Centralized exchanges, including Bybit, HTX, Gate and Bitget, have listed the token.
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Among the DEXs trading TRUMP, Meteora led with over $4 billion in 24-hour volume, followed by Orca and Raydium.
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The launch of TRUMP propelled Solana’s decentralized exchange (DEX) volumes to a record $12.9 billion within 24 hours, according to CoinGecko.
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“As such, the fact that a CCP [Chinese Communist Party]-sponsored APT [advanced persistent threat] actor was able to access Treasury’s information systems is unacceptable and raises serious questions about the protocols for safeguarding sensitive federal government information from future cybersecurity incidents,” the lawmakers added.
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The regulator said it only approved four out of 35 applications for cryptocurrency firm registration in the past year, with 15 applications withdrawn and nine rejected.
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“Over 87% of crypto registrations were withdrawn, rejected or refused for weak money laundering controls,” the FCA said in its 2024 annual report issued on Sept. 5.
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Copper’s FCA license withdrawal comes soon after the FCA reported that nearly 90% of crypto license applicants failed to meet its standards as of September 2024.
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Since adopting its Bitcoin strategy in 2020, MicroStrategy’s stock price has rallied by roughly 2,500%. The company’s strategy paid off in droves after Bitcoin’s price crossed $100,000 for the first time earlier this month.
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Yoon’s sudden declaration on live television on Tuesday sent reverberations across the global stage, prompting a response from the White House that it was “seriously concerned about the developments we are seeing on the ground in the R.O.K.”
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“I will accept National Assembly’s request and lift it,” Yoon said, as reported by The Washington Post. Under South Korean law, the government must lift martial law if the majority of parliament demands it in a vote.
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The declaration was lifted around 4:30 am local time during a Cabinet meeting, per local reports. About 190 lawmakers in the country’s 300-member parliament voted to reject the martial law order.
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the cryptocurrency market regained some footing after South Korea’s President Yoon Suk Yeol withdrew his declaration of martial law less than six hours after imposing it.
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Data from SoSoValue shows the spot ETFs registering a $3.38 billion inflow from Nov. 21 to Nov. 25, and barring a $138 million outflow last week, the month of December started with three consecutive days of inflows above the $100 million level.
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A factor that has become easy to take for granted is a consistently robust appetite from the spot Bitcoin ETFs, where inflows have remained strong.
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Also, there are rumors that news may emerge about a possible United States strategic Bitcoin reserve, as well as an announcement from a Middle East country that is building a similar reserve.
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Another potentially bullish development for Bitcoin price will take place on Dec. 10, when Microsoft shareholders vote on whether to add BTC to the company’s balance sheet.
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On the same day, listed Bitcoin miner Mara announced an $800 million proposed private offering of convertible notes, the proceeds of which would be used to purchase more BTC.
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Beyond that brief blow to investor sentiment, multiple developments that the market deemed bullish either occurred or were pending. On Dec. 2, MicroStrategy announced purchasing 15,400 Bitcoin for $1.5 billion at $95,976 per BTC.
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During the US session on Dec. 3, Bitcoin’s intra-day low appeared to have been exacerbated by South Korean President Yoon Suk Yeol briefly declaring martial law before retracting the decree hours later. On Korean exchange Upbit, Bitcoin dropped under $65,000 due to a lack of liquidity, while it traded close to $95,000 on Binance.
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