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One would assume so. Interesting to see the price rise in advance of the announcement. Maybe this punishment was seen as less severe than it could have been?

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I think the price rise in advance of the annoucement may have more to do with the approval of bitcoin ETFs, there are some news about that..

The price rise was a Tether-fueled pump. Someone poured $1b of stablecoins into a single purchase to pump the price.

You mean someone gave 1 billion of tether to buy bitcoin?

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