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Analytics firm Glassnode has revealed that short-term holders (STHs) may be responsible for the recent speculative behavior in the bitcoin market. Glassnode’s market value to realized value (MVRV) metric has identified the possibility of short-term corrections when STH-MVRV is above 1.2, signalling a 20% unrealized profit. At its peak in mid-March, STH-MVRV hit 1.37, close
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The U.S. Federal Deposit Insurance Corporation (FDIC) has released a comprehensive report on the reasons that led to the collapse of Signature Bank. The investigation found that the bank’s troubles were due to “poor management” and risky crypto deposits. Signature Bank was seized by regulators in March 2021 after experiencing an $18.6 billion bank run
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During a recent Ask Me Anything (AMA) session, Kris Marszalek, CEO of Crypto.com, discussed plans for new benefits on the Crypto.com card during the upcoming bull market. In the last bull cycle, Crypto.com cardholders enjoyed enticing benefits, including substantial cashback and increased staking rewards, but these were cut in response to deteriorating market conditions. Marszalek