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(Bloomberg) Bitcoin topped $30,000 for the second time this week on growing expectations that another favorable court action raises the likelihood than an exchange-traded fund holding the cryptocurrency will finally be approved. Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Israel Latest: Hezbollah Fires Missiles as Leaders
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Before they collapsed, FTX and Alameda Research “massed a roster of portfolio companies that included major names in the industry, such as stablecoin providers Circle and Paxos, blockchain developer Aptos Labs and crypto bank Anchorage Digital,” Bloomberg writes. But venture funding for the crypto world has plunged; selling those stakes could further depress startup valuations.