FTX Repayment Distribution: FTX is set to initiate its next round of repayment distributions today, targeting customers with account balances exceeding $50,000. This move is part of the exchange's efforts to restore trust following its previous collapse.
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Fidelity Investments is preparing to introduce its own stablecoin as part of its expanding digital assets strategy. The Boston-based firm is testing a token designed for use as cash within cryptocurrency markets, managed by its digital assets division. This initiative aligns with the U.S. government's efforts to establish a comprehensive regulatory framework for cryptocurrencies.
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Global cryptocurrency market experienced a 2.02% decline, settling at $2.69 trillion as bitcoin, ether, and several leading digital assets posted losses. Bitcoin dipped below the $83,000 threshold, reaching an intraday low of $82,397 per coin.
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