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Quick Take The market has not priced in a potential positive shift in crypto regulations if Republican candidate Donald Trump wins the U.S. presidential election, according to Bernstein analysts. Bitcoins’s price reacts positively to perceived improvements in odds for a Republican win, placing faith in Trump’s pro-crypto stance, the analysts said.
Digital asset investment products attracted another $1.35 billion in net inflows last week, bringing their latest positive streak to $3.2 billion, according to CoinShares.“Ethereum seems to have turned a corner,” overtaking Solana as the altcoin with the most inflows year-to-date, CoinShares Head of Research James Butterfill said.
Quick Take Mt. Gox transferred 0.021 BTC to a new wallet earlier this morning. One of the recipient addresses is labeled by Arkham as belonging to Bitstamp. Bitstamp was expected to receive bitcoin repayments for Mt. Gox creditors soon.
- 10:04Analyst: Dollar Needs Further Trade Progress to Sustain ReboundChainCatcher reports that Ballinger Group forex analyst Kyle Chapman stated in a report that the market needs to believe that trade optimism will persist in the long term for the dollar to return to levels seen before the reciprocal tariffs announced on April 2.
- 10:04On-chain Liquidity Allocation Protocol Turtle Club Completes $6.2 Million Seed Round Financing, Led by THEIAChainCatcher reports that the on-chain liquidity allocation protocol Turtle Club announced today the completion of a $6.2 million seed round of financing, led by THEIA, with participation from Susquehanna, Consensys, and Ethereum co-founder Joseph Lubin.
- 10:04WTO Director-General: High-Level Sino-US Trade Talks Are of Great Significance to the WorldChainCatcher reports that on the 11th, WTO Director-General Iweala issued a statement saying that the high-level economic and trade talks between China and the United States held in Geneva, Switzerland, mark an important step forward and are of great significance to the world. Iweala expressed in the statement that she is pleased with the positive outcomes of the talks. The talks mark an important step forward. In the current global tensions, this progress is not only important for the United States and China but also for other regions of the world, including the most vulnerable economies. She stated that she looks forward to the two countries finding viable solutions on this basis to ease tensions, restore predictability, and enhance confidence in the multilateral trading system. (Xinhua News Agency) (Source link) Associated Tags WTO China-US High-Level Economic and Trade Talks ChainCatcher reminds readers to view blockchain rationally, effectively increase risk awareness, and be wary of various virtual token issuances and speculation. All content on the site is merely market information or opinions of relevant parties and does not constitute any form of investment advice. If you find any sensitive information on the site, you can click "Report," and we will handle it promptly.