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El Salvador’s Bitcoin Nears $500M, Network Open Interest Breaks $50B, FTX Pursues $1.8B from Binance | Daily Crypto Alpha | November 12th 2024


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El Salvador’s Bitcoin holdings climbed to $483 million, while network open interest hit a new high at over $50 billion. Meanwhile, the USDC Treasury minted an additional 50 million tokens on Ethereum, and CoinShares reported nearly $2 billion in digital asset inflows. In legal news, FTX is pursuing $1.8 billion from Binance, and Bernstein’s bullish forecast has Bitcoin possibly reaching $200,000 by 2025. 


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