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In this episode of AltXCrunch, we cover the latest crypto developments, starting with the sharp market downturn on "Crypto Black Monday," where Bitcoin plunged below $50,000, leading to over $1 billion in liquidations. We also discuss the declining creation of new Ethereum wallets, possibly linked to the launch of spot Ether ETFs in the U.S. BlackRock and Nasdaq’s proposal for Ethereum ETF options, along with similar filings from Grayscale, Bitwise, and the NYSE, mark a significant moment for crypto in traditional finance. In legal news, Ripple scores a major win as XRP is ruled not to be a security, despite a $125 million civil penalty. Lastly, we explore Russia’s new law legalizing cryptocurrency mining, setting the stage for the country’s ambitions in digital currencies. Join Mackenzie on AltXCrunch for these updates and more. Subscribe and stay tuned for our next episode!
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