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⚠️ Crypto Market Faces Massive Liquidations Ahead of FOMC Minutes 📊 The crypto market is feeling the heat today, as Bitcoin dips below $113K and Ethereum drops to $4.2K, triggering $450M in liquidations impacting over 122,000 traders globally (CoinGlass data). 🔑 Key highlights: ▫️ Ethereum: $180.13M liquidated, leading the charge ▫️ Bitcoin: $102.44M in liquidations ▫️ Other top altcoins: XRP $17.84M | SOL $14.92M | DOGE $10.91M 📢 Ethereum’s dominance in liquidations has been consistent over the past few days, reflecting the risks of aggressive trading during volatile periods. One trader famously turned $125K into $29.6M on ETH — only to lose it all amid this downtrend. 🏛 As the FOMC meeting minutes drop today, the market braces: is this a correction, a full-blown crash, or an opportunity for a recovery? ❗️ For traders, investors, and blockchain enthusiasts, this is a critical reminder: risk management is key in volatile markets. #Crypto #Bitcoin #Ethereum #CryptoTrading #DeFi https://coingape.com/trending/crypto-market-bleeds-fomc-meeting-minutes-sell-off-recovery/?utm_source=bnb&utm_medium=coingape
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🚨 JUST IN: Senator Cynthia Lummis confirms the US will finalize the crypto market structure bill this year! ⚖️ Regulatory clarity ✅ Consumer protections ✅ Innovation ✅ ⏳ The countdown to a new era for Crypto starts now. #Blockchain #Crypto #DeFi #Regula
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🚨 Crypto Regulation Milestone on the Horizon 🏛 At the Wyoming Blockchain Summit, Senator Cynthia Lummis confirmed what the crypto world has been waiting to hear: Congress is on track to pass the Crypto Market Structure Bill this year. 📢 Here’s the roadmap: 🔹 September: Senate Banking Committee begins markup, aiming to report by the end of the month. 🔹 October: Agriculture Committee advances its portion (overseeing the CFTC). 🔹 Before Year-End: Final bill expected on the President’s desk — ideally before Thanksgiving. 📜 The bill aims to balance innovation with accountability, offering: ✅ Regulatory certainty for digital assets ✅ Consumer protections ✅ A framework for sustainable industry growth 🌐 Fed Vice-Chair Michelle Bowman described this as a “seismic shift” in the understanding of money and value — echoing the optimism of the summit as blockchain continues to bridge with mainstream finance. ⚖️ The message is clear: Washington is serious about “getting market structure done this year.” For the crypto and fintech industry, this could be the regulatory clarity we’ve been waiting for. #Crypto #Blockchain #Regulation #DeFi https://coingape.com/congress-to-pass-crypto-market-structure-bill-this-year-lummis/?utm_source=bnb&utm_medium=coingape
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🚨 In a fiery post, Elon Musk has refuted a Wall Street Journal report claiming he was "pumping the brakes" on his plans for a new pro-Bitcoin "America Party." Musk's public dismissal, stating "Nothing @WSJ says should ever be thought of as true," has sent a clear message. 📢 The report suggested Musk would instead back Vice President J.D. Vance, a potential 2028 presidential candidate. However, sources close to Musk confirm that his position on a third-party movement remains intact, and no final decisions have been made. 🌐 This highlights the dynamic and often unpredictable nature of political influence in the tech world. With Musk at the helm of companies like Tesla, which is booming with Bitcoin profits, his political moves are closely watched and have the potential to disrupt traditional power structures. 🔍 What do you think? Is a third party a viable path for change, or is it a distraction from the main political currents? #ElonMusk #Bitcoin #Politics #AmericaParty #Innovation https://coingape.com/elon-musk-slams-report-of-dropping-plans-to-launch-pro-bitcoin-america-party/?utm_source=bnb&utm_medium=coingape
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🚨 Major Industry Move: Ripple & Binance Join Beacon Network to Combat Crypto Crime 📢 In an unprecedented show of industry collaboration, Ripple, Binance, Coinbase, Crypto.com, OKX, Kraken, Robinhood, PayPal, Stripe, and Anchorage Digital have become founding members of the Beacon Network — the first real-time crypto crime response network. 🌐 Powered by TRM Labs, the Beacon Network is designed to prevent illicit funds from leaving the blockchain, working hand-in-hand with global federal law enforcement agencies to flag threats and stop bad actors before they move funds off-chain. 🛡 Additional contributors, including security researchers and firms like ZachXBT, SEAL, and zeroShadow, will provide continuous monitoring, creating an unprecedented level of transparency and security for the crypto ecosystem. 📊 This initiative comes at a pivotal moment, as the U.S. Treasury seeks public input on combating illicit finance and lawmakers draft the Crypto Market Structure bill. 💡 Key Takeaway: The Beacon Network represents a new era of cooperation between crypto innovators and regulators, reinforcing that security, transparency, and accountability are now non-negotiable in the blockchain world. #CryptoSecurity #Blockchain #Ripple #Binance #BeaconNetwork https://coingape.com/ripple-binance-help-launch-beacon-network-to-combat-crypto-crimes/?utm_source=bnb&utm_medium=coingape
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