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In a bold move reflecting Argentina’s burgeoning cryptocurrency environment, Lemon, a prominent cryptocurrency exchange based in Argentina, has secured $20 million through a Series B funding round. This influx of capital marks a significant milestone for Lemon and underscores the increasing international interest in the Argentine crypto market. Founder and CEO Marcelo Cavazzoli has articulated a clear vision to utilize this funding to expand Lemon’s operations across the entirety of Latin America. The recent funding success aligns with Argentina’s growing reputation as a hot spot for cryptocurrency innovation, driven by economic conditions that have made digital assets an attractive alternative…

Several recent token launches have seen dramatic drawdowns, bringing to token generation event (TGE) meta into question ahead a number of high profile airdrops.CAMP, the native token of an AI-focused layer 1 blockchain, is now down by 88% since it was introduced last month, while DoubleZero’s 2Z has lost 60% of its value in just eight days.There were also notable losses for Anoma’s XAN, down by 60% in a week. XPL, arguably one of the most hyped projects of the year, slumped below its TGE price on Friday amid a wave of negative sentiment around alleged founding team token sale,…

Donald Trump is reportedly considering granting a presidential pardon to Binance founder Changpeng “CZ” Zhao. According to the White House rumors, Senior aides are said to be divided over the move. There are debates about potential backlash from regulators and lawmakers who view CZ’s conviction as a landmark case in financial crime enforcement.Sponsored CZ’s Sentencing and Legal HistoryIf granted, the pardon would effectively clear Zhao’s federal conviction despite his having already served his sentence. Zhao, the former CEO of Binance, pleaded guilty in 2023 to violating the Bank Secrecy Act for failing to maintain an adequate anti-money-laundering program.  SCOOP: People close to…

Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods.Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum’s native token ether ETH$4,011.12, nosediving 7% from Friday’s session high and hitting its weakest price since late September below $4,100. Its decline far outpaced bitcoin’s BTC$117,063.39 3.5% drop below $118,000 and the index’s 5% plunge.The broad-market downturn spurred a liquidation cascade across crypto derivatives markets, wiping out over $600 million of leveraged trading positions among all assets, CoinGlass data shows.ETH also led in liquidations with over $235…

Big Tech companies that once dismissed Bitcoin (BTC) as a balance sheet asset are now watching Strategy, led by Executive Chairman Michael Saylor, amass a digital asset treasury approaching the size of their own cash piles. The surge comes as Bitcoin hit a new all-time high above $126,000 this week, driven by investor demand for hard assets seen as hedges against US dollar debasement — a narrative increasingly likened to gold.However, Bitcoin isn’t the only corner of crypto attracting major institutional money. The Intercontinental Exchange (ICE) has invested $2 billion in Polymarket, a decentralized prediction platform, valuing the firm at…

Altcoins could rally as Bitcoin consolidates, but overleveraging may trigger cascading liquidations. Earlier this week, Bitcoin surged to an all-time peak of $126,000, which lifted the collective crypto market cap to around $4.4 trillion. The flagship crypto has since retreated to nearly $121,000. New data now suggest that altcoins could rally as Bitcoin consolidates. But structural fragility remains a major risk. Critical Divergence Shaping Up? According to Altcoin Vector, the market may be approaching a “turning point” moment for altcoins. The platform noted that historically, “Altseason” begins when the inverse correlation between smaller altcoins (excluding the top 10) and…

This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset.Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of…

Some analysts view the current correction as an opportunity. The cryptocurrency market, which marked a new record earlier this week when the total capitalization hit $4.4 trillion, is in a free-fall state after the US President Donald Trump issued a warning against China. Ethereum is among the poorest performers on a daily scale, losing nearly 6% of value. ETH has broken below $4,100, and it’s on its way to $4,000 for the first time in a few weeks. Its weekly losses are up to 10.6%, according to CoinGecko data. Similar losses are evident from other larger-cap alts such as…

In brief Polymarket is planning to release a native crypto token, but it won’t come in the next few months. The prediction market is focused on regaining dominance in the U.S. after it was effectively banned in 2022. It follows a massive $2 billion investment from New York Stock Exchange owner Intercontinental Exchange, which valued Polymarket at $9 billion. Polymarket plans to launch its own native crypto token, but likely not until next year, sources familiar with the matter told Decrypt.The launch of the Polymarket token would follow a $2 billion investment in the prediction markets business from New York…

Morgan Stanley, one of the world’s largest wealth managers, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting Oct. 15, CNBC reported.Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, a significant shift from the previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile.The move could unlock millions of dollars currently tied up in other assets, paving the way for a portion of that capital to flow into cryptocurrencies. As of June 30,…