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Decentralized finance platform Synthetix has axed its $27 million plan to acquire crypto options platform Derive after negative community feedback. A Synthetix spokesperson told Cointelegraph on May 22 that its acquisition proposal, pitched to its community and to Derive’s, “did not resonate,” and both projects agreed to “step back from the proposed acquisition.” Synthetix said…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin (DOGE)the world’s largest meme coin, is completing a significant technical break on the daily timeframe, sparking renewed optimism amongst analysts. Following weeks of consolidation and price declinesDogecoin has finally broken out of a long-standing downtrend, opening the door for a potential…

Bitcoin has topped $110,000 for the first time in a recent rally that has seen it gain 3% over the past day to break through past price highs from earlier this year. Bitcoin (BTC) hit a new all-time high of $110,788.98 on Coinbase late on May 21, just before 11:30 pm UTC, according to TradingView….

Crypto influencer Anthony Pompliano’s fintech-focused blank-check company, ProCap Acquisition Corp (PCAPU), rose 7% on its debut Nasdaq listing after a last-minute upsizing of its initial public offering. ProCap had boosted its IPO from $200 million to $220 million on May 20, a day before its public launch, pricing its 22 million shares on offer at…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Popular dog-themed meme coin, Dogecoinmay have witnessed a bearish performance in the last few days, but this waning price action could benefit its price dynamics. Technical developments show that the current pullback is a signal of an impending major rally in DOGE’s…

Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product. The Australian Securities and Investment Commission said on May 21 that it wants to ask the High Court of Australia to clarify…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is on the verge of entering uncharted territory after briefly tagging the $108,000 level earlier today. The flagship cryptocurrency has surged more than 40% since early April, fueled by rising market optimism and institutional demand. However, price is showing hesitation near…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On Wednesday, the market’s leading cryptocurrency, Bitcoin (BTC), surged by more than 3% to a new all-time high (ATH), fueled by the market’s strong buying pressure experienced over the last month. According to Coin Metrics datathe Bitcoin price climbed beyond the $109,000…

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial…