History has been made as Grayscale, the popular cryptocurrency asset manager, has emerged successful in its legal dispute against the U.S. Securities and Exchange Commission (SEC).

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China recently saw its US treasury holdings drop to $835.4 billion in June 2023, marking a substantial decrease of approximately $103.4 billion within just a year. Despite this reduction, China remains one of the largest creditors to the United States, with Japan holding the top position at $1.105 trillion.

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Traders are paying hefty fees, reaching up to an annualized rate of 2,000%, to acquire the relatively lesser known CYBER tokens, as their value has surged by over 100% on select exchanges in the past week. Investors are taking on this cost to trade on margin, but they face the risk of sudden market downturns.

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Genesis and its parent company, Digital Currency Group (DCG), have preliminarily agreed on a Chapter 11 bankruptcy plan aimed at alleviating financial pressures for both entities.

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In August 2023, the breakdown of losses in the crypto sector included approximately $26 million from exit scams, $6.4 million from flash loan attacks, and $13.5 million from exploits, resulting in a total monthly loss exceeding $45 million.

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