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SKN | UAE Builds $344M Paper Gain From Sovereign Bitcoin Mining Stockpile

Key Points The United Arab Emirates is sitting on an estimated $344 million in unrealized profit from approximately 6,782 BTC mined through state-linked...

SKN | Fed’s Neel Kashkari Slams Crypto as ‘Useless,’ Questions Stablecoin Utility Amid Regulatory Crossroads

Minneapolis Federal Reserve President Neel Kashkari reignited debate over digital assets this week, calling cryptocurrency “utterly useless” and dismissing stablecoins as little more...

SKN | Mike McGlone Revises Bitcoin Bear Case to $28,000, Easing $10,000 Call Amid Market Pushback

Bloomberg Intelligence strategist Mike McGlone has moderated his previously controversial $10,000 bitcoin downside target, now suggesting a more tempered floor near $28,000 following...

SKN | Crypto ETF Flows Diverge: Bitcoin, Ether and XRP Funds See Outflows as Solana Attracts Fresh Capital

Exchange-traded funds tracking bitcoin, ether, and XRP recorded renewed net outflows this week, while Solana-linked ETFs moved in the opposite direction, drawing fresh...

SKN | Trump-Linked WLFI Jumps 10% on Major Stablecoin Partnership, Outpaces Bitcoin and Ether

Key Points • WLFI climbed around 10% after a $3.5 trillion asset servicer announced plans to pilot World Liberty Financial’s USD1 stablecoin for...

SKN | Hanwha Invests $13M in ‘Seedless’ Crypto Wallet Developer to Expand Tokenization Push

Key Points • Hanwha Investment & Securities committed roughly $13 million to U.S.-based wallet infrastructure firm Kresus. • The funding will accelerate enterprise-grade...

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    Finance

    SKN | Binance Consolidates 65% of CEX Stablecoin Reserves as Outflows Cool Amid Bear Market

    Stablecoin flows on centralized exchanges (CEXs) are stabilizing after months of heavy outflows, signaling a consolidation of investor capital even as broader crypto...

    SKN | CoinDesk 20 Slips 0.3% as Bitcoin Cash and XRP Lead Declines

    Key Points: The CoinDesk 20 Index fell 0.3% to 1,979.83, down 5.15 points since Monday’s 4 p.m. ET close. Bitcoin Cash dropped 2.2%,...

    SKN | Decentralization Scales Only When It Captures Real Economic Flow: A Pragmatic Crypto Perspective

      As cryptocurrency continues to mature, the industry is confronting a hard truth: decentralization succeeds not as an ideology, but as an economic...

    SKN | Poland’s President Vetoes MiCA Bill Again, Leaving Crypto Firms Seeking Licenses Abroad

    Poland’s crypto sector faces mounting uncertainty as President Karol Nawrocki vetoed a second attempt to implement the European Union’s Markets in Crypto-Assets (MiCA)...

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    SKN | Stablecoins Gain Ground for Paychecks and Daily Spending as Adoption Broadens, BVNK Finds

    Key Points • A BVNK-commissioned survey found 39% of crypto users receive income in stablecoins, while 27% use them for everyday payments. •...

    SKN | Crypto Fear Index Spikes Suggest Potential Inflection Point for Markets, According to Matrixport

    Crypto fear indicators have surged to levels rarely seen outside of major drawdowns, signaling that market psychology may be approaching an inflection point....

    SKN | Crypto.com Secures ISO AI Certification and Accelerates New Business Line Expansion

    Crypto.com has become the first digital asset platform to achieve the ISO/IEC 42001:2023 Artificial Intelligence Management System certification, a milestone that underscores its...

    SKN | Kraken Backs Trump Accounts in Wyoming, Citing State’s Crypto-Friendly Policies

    Key Points • Kraken will fund Trump Accounts for newborns in Wyoming under a state-level initiative. • The exchange cited Wyoming’s crypto-friendly regulatory...

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      Frequently Asked Questions

      What is cryptocurrency (crypto)?

      Cryptocurrency is a type of digital or virtual currency secured by cryptography. It exists on decentralized networks (often based on blockchain technology), meaning it’s not issued or controlled by a central authority like a bank or government.

      Blockchain is the underlying technology behind most cryptocurrencies. It’s a distributed, cryptographically-secure ledger (database) where transactions are recorded in “blocks.” Once validated and added, these blocks form a chain — hence “blockchain.” This design helps ensure transparency, security, and decentralization.

      People typically buy or trade cryptocurrencies on crypto exchanges or platforms that support crypto transactions. After buying, users store crypto in digital wallets (which can be online or offline). Note that because many cryptocurrencies are volatile, you should research and understand risks before investing.

      Cryptocurrency values are often driven by market demand, speculation, news, and overall sentiment. Because crypto lacks the stability and regulation of traditional fiat-backed assets and is relatively new compared to traditional financial instruments, price swings tend to be larger. This makes crypto both potentially rewarding — and risky.

      Cryptocurrencies come with several risks. Their values can be highly volatile, meaning prices can rise or fall rapidly. Also, crypto transactions are typically irreversible — if you send crypto to the wrong address or to a scammer, there’s usually no recourse. Furthermore, because the space can be under-regulated (depending on country and platform), there’s a higher risk of fraud or security issues. Many advise careful research and only investing what you’re willing to lose.

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