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Bitcoin has plunged into a bear market, hitting a six-month low below $95,000, while crypto stocks like MicroStrategy crater 44% amid profit-taking and macro uncertainty. The global market cap shrinks to $3.27 trillion, fueling extreme fear. Analysts eye $94,000 support, but recovery remains uncertain amid ongoing volatility.
Cloud costs can quickly spiral when finance teams lack real-time visibility into engineering spend. Join the free virtual FinOps Excellence Summit, hosted by Harness on July 16th, to learn how leading companies like United Airlines are successfully embedding cost controls into their software delivery pipelines.
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DBS Bank's upgrade of Delfi PEFDF crypto ETF to 'Hold' sparks a 5% pre-market surge, amid Trump's $2,000 tariff rebate debate. This positions the ETF for gains resilient to import duties, potentially fueling a crypto bull run as per various financial analyses. Investors eye economic injections boosting digital assets.
Singapore's Monetary Authority is set to trial tokenized government bills in 2026, settled via wholesale CBDC, while introducing stablecoin regulations to foster a secure digital ecosystem. This move aims to accelerate tokenization's adoption, bridging traditional finance and blockchain for enhanced efficiency and trust.
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El Salvador is advancing plans for Bitcoin-only banks to integrate cryptocurrency into its financial system, building on its 2021 legal tender adoption. Amid IMF concerns and market volatility, the initiative aims to boost inclusion and economic growth, with launches eyed for late 2025. This bold move defies global skepticism.
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