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๐ค 5. PayPal and Coinbase Expand Stablecoin Partnership PayPal and Coinbase have announced an expanded partnership to drive innovation in stablecoin-based solutions. The collaboration aims to provide fee-free purchases and easy 1:1 redemption of PayPal USD, exploring new payment use cases and enhancing the utility of stablecoins in everyday transactions.
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๐ 4. Ethereum Eyes $2,000 as Breakout Looms Ethereum (ETH) is currently trading around $1,750. Analysts suggest that a breakout above $1,800 could trigger significant short liquidations, potentially propelling the price toward the $2,000 mark. Increased network activity and growing long positions are contributing to this bullish outlook.
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๐จ๐ญ 3. Swiss Campaigners Urge Central Bank to Adopt Bitcoin In Switzerland, cryptocurrency advocates are pushing for the Swiss National Bank (SNB) to include Bitcoin in its reserves alongside gold. A referendum campaign has been launched to amend the Swiss constitution, aiming to diversify the SNB's holdings and protect against inflation and political manipulation.
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๐ 2. $TRUMP Meme Coin Surges Amid Exclusive Dinner Invitations The $TRUMP meme coin has soared over 60% following former President Donald Trump's announcement inviting the top 220 holders to an exclusive dinner event. This move has sparked both enthusiasm among investors and concerns over potential conflicts of interest.
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๐ 1. Bitcoin Faces Resistance Below $94K Bitcoin (BTC) is trading at approximately $92,721, experiencing a slight decline of about 1% today. The cryptocurrency faced resistance near the $94,000 mark, leading to a rejection at that level. This movement comes amid a broader market consolidation, with many altcoins also showing red.
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