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Crypto Skyrockets: Bitcoin Over $100K,
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SOLANA FLIPS BNB TO BECOME 4TH LARGEST CRYPTO Solana (SOL) has overtaken Binance Coin (BNB) in market cap, reaching $87.9B after a 16% price surge. BNB now ranks fifth at $638.09. The rally follows rising volumes and ETF speculation, partly fueled by Trump-linked political momentum. Solana is now trading at $171.17. Source: CoinMarketCap
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NEARLY $1B IN SHORTS LIQUIDATED AS BITCOIN SURGES PAST $100K Bitcoin’s climb above $100,000 triggered approximately $970 million in crypto liquidations over the past 24 hours, with short positions accounting for $836 million—the largest short squeeze since 2021. Source: BeInCrypto
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GERMAN AUTHORITIES SHUT DOWN CRYPTO PLATFORM EXCH, SEIZING $38 MILLION IN TOKENS AND 8TB OF DATA German authorities have taken down the crypto platform eXch, seizing $38 million in digital tokens and more than 8 terabytes of data. This is one of the largest law enforcement actions in the country aimed at suspected crypto laundering. Source: CoinDesk
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STANDARD CHARTERED ANALYST SAYS $120K BTC TARGET MAY BE TOO LOW Geoffrey Kendrick of Standard Chartered now believes his $120K Q2 Bitcoin target may be too conservative, citing ETF inflows, rising institutional demand, and Trump’s recent tariff reductions boosting investor confidence. Bitcoin ETFs have seen $5.3B in inflows over 3 weeks, helping push BTC above $103K. Source: Cointelegraph
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STABLECOIN VOLUME HITS RECORD $1.82 TRILLION IN APRIL Stablecoin transactions hit an all-time high of $1.82 trillion last month, fueled by demand for faster, on-chain settlements and cross-border payments. The rise highlights growing trust in stablecoins like USDT and USDC as key tools in both crypto and global finance. Source: Cointelegraph
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