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Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.


The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.

PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.

The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.

Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.

Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.

A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.

The latest price moves in crypto markets in context for July 17, 2023.

Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
- 13:23An ETH Whale Has Currently Shorted 10,000 ETH, Incurring a Floating Loss of $510,000According to a report by Jinse Finance, monitored by on-chain analyst Ember, a whale that has repeatedly shorted ETH at the $1,800 peak has currently sold short 10,000 ETH ($17.9 million) at an average price of $1,791, with an unrealized loss of $510,000. In the past hour, he continued to borrow and short another 4,000 ETH, bringing his short position to 10,000 ETH. The average short price is $1,791, with an unrealized loss of $510,000.
- 13:23Interest Rate Futures Predict a 100 Basis Point Rate Cut by the Bank of England for the Remainder of 2025According to a report by Jinse Finance, interest rate futures expect the Bank of England to cut rates by 100 basis points for the remainder of 2025, compared to 94 basis points on Wednesday.
- 13:22Analysis: Over $31 Trillion in U.S. Wealth Platform Funds Still Restricted or Blocked from Entering Bitcoin ETFsPANews reported on May 1st, according to Bitcoin News, that analysis by Tephra Research shows that over $31 trillion on U.S. wealth management platforms is still restricted or prohibited from investing in Bitcoin ETFs. Despite Bitcoin ETFs being the best-performing ETF issuance in history, structural barriers have consistently hindered capital inflow.