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Has Bitcoin bottomed out? Data shows it might have.

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Ripple executive Reece Merrick said August 12 that Ripple's University Blockchain Research Initiative is renewing its partnership with NYU Abu Dhabi through 2027. He highlighted the university's growing role as a regional hub for blockchain research and talent development, extending Ripple's academic collaboration in the UAE.

 

Bitcoin held steady as July CPI inflation cooled to 3.4% year-over-year from 3.5% in June. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $63,311 Ethereum (CRYPTO: ETH) $1,882 Solana (CRYPTO: SOL) $75.74 XRP (CRYPTO: XRP) $1.01 Dogecoin (CRYPTO: DOGE) $0.07075 Shiba Inu (CRYPTO: SHIB) $0.05447 Notable Statistics: Coinglass data shows 70,067 traders were liquidated in the past 24 hours for $155.39 million.

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The Commodity Futures Trading Commission (CFTC) ordered Kalshi to keep running its exchange after finding that New York's attempt to stop the platform presented a market emergency. The commission cited a hypothetical bitcoin position to argue that forced liquidation could spread losses well beyond prediction markets.