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Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves’ Tax-and-Spend Storm

Following the latest budget reveal, the pound sterling has taken a sharp tumble, fueled by mounting worries about the U.K.’s fiscal outlook. Chancellor Rachel Reeves’ decision to pump £70 billion into government spending—funded through additional borrowing—has stirred up significant unease among investors. They’re concerned this move could lead to higher inflation and escalating interest rates. […]

source https://news.bitcoin.com/pound-sterling-suffers-biggest-drop-in-18-months-amid-reeves-tax-and-spend-storm/
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Barry Silbert Resigns as Chairman of Grayscale Investments

Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing for Grayscale’s Next Chapter Barry Silbert, the founder and CEO of Digital Currency Group, has resigned from his position as chairman of the digital asset management company Grayscale and will be replaced by Mark Shifke. According to the company’s filing with the Securities and Exchange Commission (SEC), starting Jan. 1, 2024, Grayscale’s board will be composed of Mark Shifke, Matthew Kummell, and Edward McGee. Current Grayscale Investments CEO Michael Sonnenshein is also a board member, while Mark Murphy, the president of Digital Currency Group (DCG), departs alongside Silbert. Commenting on the changes to the board, an unidentified Grayscale spokeswoman reportedly said: “Grayscale and our investors ...
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Massive Crypto ETF Exodus: $742M Vanishes Overnight

Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million. Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing $159.34 million in […] source https://news.bitcoin.com/massive-crypto-etf-exodus-742m-vanishes-overnight/
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Solana Meme Coin Rival Lightchain AI Explores New AI Blockchain

PRESS RELEASE. The world of crypto and blockchain technology is buzzing with innovation, and the fusion of Artificial Intelligence (AI) with blockchain has become the latest frontier. Amongst these groundbreaking developments, Lightchain AI, a rising star, is taking the center stage. Known as a competitor to Solana’s meme coins, Lightchain AI isn’t just about memes […] source https://news.bitcoin.com/solana-meme-coin-rival-lightchain-ai-explores-new-ai-blockchain/
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