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Senate Banking Chair Tim Scott: 12-18 Dems May Vote for Market Structure Bill
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$BTC Whale Moves $113M Into ETH$ETH Position on Hyperliquid A mysterious BTC$BTC whale has continued rotating funds into ETH$ETH after seven years of dormancy, selling another $113 million worth of Bitcoin on decentralized exchange Hyperliquid. The whale now holds over $240 million in spot ETH$ETH and maintains $34 million in BTC$BTC on the platform. The large investor initially opened a $295 million ETH$ETH perpetual futures position before closing part of it to enter the spot market. According to on-chain analyst MLM, the whale's execution appeared "sloppy and rushed," raising questions about whether insider information or pure speculation drove the move. The rotation began as BTC$BTC dipped near $112,000, with analysts citing rising market nerves ahead of Federal Reserve Chair Jerome Powell's upcoming remarks. The whale's initial $76 million sale caused a 2% price drop on Hyperliquid, highlighting potential #liquidity depth issues on the exchange. #Hyperliquid has emerged as the sixth-largest derivatives exchange globally with over $12 billion in 24-hour open interest, capturing 35% of all blockchain revenue in July, according to VanEck researchers. The platform's aggressive listing strategy and user-friendly interface have driven significant #DeFi growth.
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Crypto Giants Launch Beacon Network To Freeze Stolen Funds Major crypto firms, including #Coinbase, #Binance, #Kraken, #Robinhood and PayPal, have launched the Beacon Network to identify and freeze illicit blockchain funds in real-time. The cross-sector initiative creates an "end-to-end kill chain for illicit crypto assets" moving from detection to action within minutes rather than days. At least $47billion has been sent to fraud-related addresses since 2023. Verified members can flag suspicious wallet addresses, trace funds across blockchains and share information with connected services and law enforcement. When flagged funds hit participating exchanges, automatic alerts enable tracking and freezing before withdrawal. The network has already registered successes, including tracing $1.5 million linked to a global scam and identifying $800,000 in scam deposits at a major exchange. Only verified investigators can flag addresses to prevent system abuse and maintain blockchain security integrity.
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Kanye’s Crypto Crashes in Volatile First Hours Kanye West (Ye) has launched the YZY memecoin on the Solana blockchain, and its market value surged to $3 billion within 40 minutes of debuting—before dropping sharply amid insider concerns. Branded as “Yeez
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JUST IN: US-based founders return to crypto with Trump admin policy support. #MarketPullback #CryptoRally
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BTCS is partnering with EST to launch the Bividend blockchain dividend platform with $ETH payment.
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