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Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss

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If the Fed cuts rates by just 25 bps, “crypto will likely fall along with that,” said CEO of crypto hedge fund Asymmetric, Joe McCann.

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Strategy stock sheds 5% amid MSCI index removal, Bitcoin sell-off

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Strategy shares declined Thursday following MSCI’s decision to remove the company from its indexes, as Bitcoin also fell amid a broader crypto market decline.

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Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters

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The prediction market operator said the decision was mutual and followed 1789 Capital’s investment in rival Polymarket, denying political considerations.

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US Justice Department, business groups and DeFi firms challenge Illinois crypto tax

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Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.

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