Author: Charlotte

Binance is ending support for NFTs within its main exchange platform. Users have been asked to withdraw transferable NFTs by July 3 and manage them further through Binance Wallet, the company’s non-custodial wallet. The decision shows how major exchanges are gradually moving away from traditional NFT infrastructure. The segment has remained weak for several years after its 2022 peak, and platforms are reallocating resources toward Web3 wallets, tokenized assets, and more liquid directions. Ranking of the best traders according to the opinion of the REAL USERS “Trades Closed From +40% Profit” “+1,300$/Month in Profit” “Stable…

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Nearly $26B in short leverage above Bitcoin’s $62K sparks potential short squeeze amid $218M short liquidations.Bitcoin faces a potential short squeeze as nearly $26 billion in short liquidation leverage sits above its $62,000 price level, while long liquidation exposure remains under $2 billion. Over the past 24 hours, shorts lost $218 million, more than doub… Source link

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Phillies predicted to trade for $426M 9-time Silver Slugger, 3-time MVP to bolster batting lineup originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.The Philadelphia Phillies had a forgettable start to the season, as they once held the worst record in Major League Baseball at 8-16. Philadelphia now sits at 35-30, and it has been quite the journey to reach this point.AdvertisementJust one month into the season, the Phillies made a difficult decision that has seemingly paid off. Philadelphia fired manager Rob Thomson.“There’s a major shakeup in Philadelphia. The Phillies fired manager…

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Backpack, a crypto exchange founded by former FTX employees, is looking to prevent the dilution of its retail holders of its forthcoming utility token through a tokenomics scheme designed to progressively release tokens based on hitting key metrics, according to a plan disclosed on Monday.  Under the new plan, 25% of Backpack’s native token supply will be unlocked and distributed during its token generation event. Of that, 240 million tokens will be airdropped to Backpack Points program participants, with another 1 million tokens reserved for Mad Lads NFT holders. The exchange has also created pre- and post-IPO tranches, each containing…

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Hedge funds had a good May. A really good May, actually. Equity-focused stock-picking strategies delivered returns of 5.35% during the month, outpacing the MSCI total return index’s 4.55% gain over the same period, according to a Goldman Sachs report released on June 5. Not every big name crushed it, though. Steve Cohen’s Point72, which manages roughly $50.7B in assets, posted a more modest 2% gain for the month. Here’s the thing about that MSCI comparison. Passive index investors earned 4.55% in May just by showing up. Hedge funds, with their higher fees and more complex strategies, need to meaningfully beat…

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Washington —  A deluge of economic data released Thursday should have provided a clearer picture of how the US economy is faring in the face of President Donald Trump’s massive policy shifts. But the latest numbers were a mixed bag, leaving economists still scratching their heads. Gross domestic product, the broadest measure of economic output, registered an annualized rate of -0.5% from January through March, the Commerce Department said Thursday in its third and final estimate. That’s worse than the 0.2% decline reported in the second estimate. GDP is adjusted for seasonal swings and inflation. The latest estimate showed that consumer…

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The world’s leading hedge fund domicile served by CV5 Capital CV5 Capital institutional fund platform CV5 Capital delivers institutional fund infrastructure in the Cayman Islands, from first-time emerging managers to firms running billions in assets The Cayman Islands remains the natural home for serious fund managers, from first-fund launches to firms running billions in assets. We give all of them institutional infrastructure from day one.”— David Lloyd, CEO of CV5 Capital GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS, June 7, 2026 /EINPresswire.com/ — CV5 Capital, the Cayman-headquartered institutional fund infrastructure platform, is supporting a growing number of managers launching hedge funds…

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The competition between blockchain networks in the tokenized real-world asset market is gaining more attention as analysts debate whether capital is starting to shift toward the $XRP Ledger. A recent social media post from crypto analyst Ledger Man claimed that the $XRP Ledger recorded about $1.5 billion in new real-world asset inflows over the last 30 days, while Ethereum experienced roughly $1.2 billion in outflows. The figures have not been independently confirmed. 🚨BREAKING: Crypto analyst says capital may be quietly shifting from Ethereum to the $XRP Ledger in the tokenized RWA market and over the past 30 days, XRPL reportedly…

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