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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Bitcoin-native application platform Arch raises $7 million led by Multicoin Capital
Bitcoin-native application platform Arch raises $7 million led by Multicoin Capital

Arch Labs raised $7 million in a seed round from Multicoin Capital, OKX Ventures and others.The project is building a Bitcoin-native application platform to bring “bridgeless” trading directly to the Bitcoin blockchain.

The Block·2024/05/09 16:04
Ripple and XRPL Labs join digital asset recovery protocol DeRec Alliance
Ripple and XRPL Labs join digital asset recovery protocol DeRec Alliance

Ripple and XRPL Labs joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance. DeRec Alliance aims to standardize and expedite how digital assets can be recovered in the web3 industry, especially for crypto non-experts.

The Block·2024/05/09 14:43
Bitcoin price buys time at $61K as US jobless claims hit 9-month highs
Bitcoin price buys time at $61K as US jobless claims hit 9-month highs

Bitcoin refuses to budge after the latest U.S. macro data, but a six-figure BTC price is waiting the wings, analysis claims.

Cointelegraph·2024/05/09 14:40
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin

Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry.

Cointelegraph·2024/05/09 14:40
Despite Bitcoin price volatility, factors point to BTC’s long-term success
Despite Bitcoin price volatility, factors point to BTC’s long-term success

Bitcoin’s volatility persists after the halving, but surging ETF inflows and thriving L2 ecosystem growth fuel long-term optimism.

Cointelegraph·2024/05/09 14:22
Bitcoin struggles despite European equities rally as Bank of England signals summer rate cut
Bitcoin struggles despite European equities rally as Bank of England signals summer rate cut

Bitcoin prices are struggling to stay above the $61,000 mark, according to The Block’s Price Page.On Thursday, the Bank of England kept borrowing costs at their 16-year high but signaled it would cut rates this summer if inflation stayed low.

The Block·2024/05/09 13:40
Flash
  • 20:08
    Trump tariff news shakes markets, U.S. indexes soar, gold sinks
    Gold Finance reports that U.S. White House Press Secretary Levitt confirmed in a press conference that the Trump administration will impose 25% tariffs on Mexican and Canadian goods starting February 1 and denied Reuters' claim that the Mexico-Canada tariffs go into effect on March 1, allowing the two countries to apply for a small number of exemptions. Following the news, the dollar index DXY recovered up to 69 points from its daily low to reach 108.48, and USD/CAD USD/CAD erased its previous losses during the day and turned higher again. Spot gold once dipped to $2,795.34 per ounce. Bitcoin fell below $103,000 per coin during the day, down 1.67% during the day. U.S. and Brent oil narrowed intraday losses, close to flat, at $72.89/barrel and $77.02/barrel, respectively.
  • 20:07
    ETH falls briefly below 3300 USDT, down 0.92% in 24H
    The market shows that ETH briefly fell below 3300 USDT and is now at 3299.2 USDT, down 0.92% in 24H. 
  • 20:04
    Data: BTC falls below $103,000
    BTC/USDT is now at $103,092.00, down 2.27% in 24 hours.
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