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As the crypto market teeters back into euphoric territory following a rally to three-month highs, several investors are focusing on the release of Scroll, a hyped layer-2 network that will release its native governance token next week.
Bears on MicroStrategy’s high stock price compared to the amount of its bitcoin holdings are overlooking the company’s “unique” shareholder value, investment banking firm Benchmark said in a research report on Friday.
The weakness in Japanese yen bodes well for risk assets, including cryptocurrencies.
Only two assets were trading lower, including Aptos and Litecoin.
The Singaporean banking giant wants to help clients optimize liquidity management and streamline operational workflows.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Republican control of the Senate would be key to passing bills such as FIT21 and appointing pro-crypto agency leaders, and digital asset reform would likely happen sooner with both chambers aligned, the report said.
The ratio’s present price pattern resembles late 2020.
Bitcoin ETFs have purchased around 48 days of the mined bitcoin supply in the past four trading days.
The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.