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Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.
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Strategy Eyes More Bitcoin Buys With $30B Credit Capacity
Bitcoin treasury company Strategy is looking to finance more Bitcoin purchases through preferred-share offerings, with executive chairman Michael Saylor saying it has the capacity to create as much as $30 billion in digital credit. During Strategy’s third-quarter earnings call, Saylor said the company could generate… Read More
Binance loses $5.7 billion in 'biggest crypto hack in history'
Crypto prices are sliding on the news, with bitcoin falling back to $79,000.
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