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3 Major Events That Could Affect The Crypto Market This Week

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The crypto market started the week on a volatile note. However, more volatility could be inbound.
The first of these events is the aftermath of Moody’s decision to downgrade the U.S. credit rating.
The second is PMI and home sales data, both of which have historically had some
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Judge Tosses SEC-Ripple Settlement: Court Battle to Continue

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Ripple Labs and the Securities and Exchange Commission filed a joint motion to dismiss the ongoing legal battle from 2020.
However, US district judge Analisa Torres has thrown the case out based on “Procedural missteps” from both parties.
According to pro-Ripple lawyer Stuart
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Bitcoin Eyes $135K — Here’s Why Crypto No Longer Cares About Fed Rate Cuts

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US President Donald Trump continues to pressure FED Chair Jerome Powell to lower interest rates.
Lower interest rates have historically increased risk-taking behavior among investors and pumped prices across financial markets.
Amid this push, Powell sees no need to lower interest
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Bitcoin Isn't Booming—The Dollar’s Just Weakening, Says Peter Schiff

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Recently, financial analyst Peter Schiff has criticized investors, stating that Bitcoin isn't "skyrocketing" as many people think.
Schiff claims that Bitcoin is only profiting from the decline in confidence in the US dollar.
Altcoins are doing well, with Ethereum dominating the ma
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Trump Memecoin Dinner: How One Trader Scored a Seat for Just $1,200?

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Reports show that a certain crypto enthusiast has found a workaround to attend the Trump dinner.
Instead of buying at least $54,000 worth of tokens, Morten Christensen, founder of AirdropAlert.com and four of his friends spent only $1,200.
Christensen’s group developed a
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Stablecoins in the Crosshairs? CryptoQuant CEO Ki Young Ju Weighs In Amid Regulatory Crackdown

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World governments are increasing their crypto regulatory efforts, and this is starting to affect stablecoins as well.
Under new regulations, stablecoin issuers might now be expected to demand identity verification.
This challenges the ideas of privacy and financial freedom, and th
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Ethereum’s Pectra Upgrade Opened a Dangerous Backdoor—Here’s What You Missed

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Ethereum’s Pectra upgrade was focused on improving the user experience of the Ethereum network.
However, developers might have overlooked a dangerous vulnerability in the code.
The EIP-7702 allows users delegate control of their wallet to another contract by simply signing a
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Will Berkshire Hathaway Finally Embrace Bitcoin After Warren Buffett?

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Berkshire Hathaway is preparing for a leadership transition as Warren Buffett prepares to step down by year-end.
Charlie Munger, the late vice chairman of Berkshire, and Warren Buffett, its current CEO, have publicly named Abel as Buffett’s successor.
Warren Buffett famously
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Crypto Heist Blunder: Authorities Arrest Wrong Man in $1M BAYC NFT Theft

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Law enforcement might have arrested the wrong suspect in a high-profile theft of Bored Ape Yacht Club (BAYC) NFTs from 2022, according to Zach XBT.
Sam Curry, a former security researcher at Yuga Labs (the creators of BAYC) was mistakenly detained in 2023 while at an airport.
Curr
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Memecoin Madness: Dev Who ‘Died’ on Livestream Caught Moving $1.5M

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Jeffy Yu, the 22-year-old developer of the AI-powered crypto project Zerebro has reportedly been found alive after livestreaming his own suicide
In the now-deleted video, Yu appeared to have shot himself in the head, after smoking a cigarette.
Just four days later on May 8, San
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Ripple Crushes SEC’s $1.3B Demand—What This Means for Crypto Regulation

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The SEC and Ripple have spent nearly 5 years locking horns with one another in one courtroom after another.
The Fintech firm will now pay just $50 million, which is far less than the original $1.3 billion the SEC previously demanded.
The crypto market responded positively to the n
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Hackers Get Hacked: LockBit Breach Exposes 60K BTC Wallets and Secrets

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LockBit, one of the most feared cybercriminal groups in the last few years, just got hacked.
The third-party hackers not only exposed the group’s schemes, they also released chats, Bitcoin addresses and even mocked them.
While Bitcoin addresses were exposed, none of the private
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Has Shiba Inu Finally Found Its Bottom? Analysts Predict 10x Rally

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Shiba Inu has been trading underwater for months now, with most of its holders currently in the red.
Despite 59% of traders being in the red, nearly 80% of these holders have held their tokens for more than a year.
SHIB still has a strong correlation to Bitcoin as a result, any st
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No More XRP Reports: Can This Help Ripple Stay Ahead of the SEC—and Send Prices Soaring?

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Ripple CEO Brad Garlinghouse took to Twitter to announce new changes to how Ripple will share its XRP holdings.
According to Garlinghouse, regulatory agencies like the SEC “weaponized” Ripple’s transparency with its quarterly reports.
As such, these reports will now be paused,
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BTC Surges to $97K, But U.S. States Are Quietly Dropping Bitcoin Bills

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Florida has just kicked out the HB 487 and SB 550 bills, rejecting the application for creating a state-funded Bitcoin reserve.
Even though lawmakers have extended the legislative session to focus on budget planning until 6 June, the crypto bills will not be part of the
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$TRUMP Memecoin Crashes 10%: Panic Sell or Prime Buy Ahead of 22 May Dinner?

Key Insights
The Official TRUMP memecoin has taken a massive hit this week, after dropping by more than 10% in just 24 hours.
The good news for Trump holders is that the cryptocurrency has been able to hold its ground above the $10.3 price level.
On the other hand, a TRUMP dip below $10.29,
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