Japan Rejects Bitcoin National Reserves Proposal Amid Global Crypto Trends

Japan’s government has officially rejected the idea of including Bitcoin in its national reserves, citing the cryptocurrency’s volatility and its classification outside traditional foreign exchange. This cautious stance contrasts with the growing enthusiasm from private sectors within the country, such as Metaplanet, which is actively investing in Bitcoin, highlighting a significant divide between government policy…

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Bitcoin’s supply in profit drops to 88%

While Bitcoin’s current price of $95,600 is still historically high, the drop from its ATH of $106,800 led to a significant amount of distribution among holders. The rally that followed the US Presidential elections in November pushed BTC to $89,000, bringing the total supply in profit to just over 99%. The subsequent increase to $016,800…

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Chainlink Introduces SVR to Combat MEV in DeFi, LINK Sees Mixed Reactions

SVR allows lending protocols to recover value lost during liquidation events using enhanced price feeds and minimal changes for DeFi platforms already using Chainlink oracles. The initiative has significant economic implications, with MEV-related liquidation opportunities in DeFi estimated at tens of millions of dollars annually. On December 23, blockchain oracle provider Chainlink launched what it…

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