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Hindenburg Research says if Adani Group files a lawsuit, it will demand documents from the company.

image source-Millenium Post   Adani Group has announced that it is considering legal action against Hindenburg Research, a US-based investment research firm, for its recent report on the Indian conglomerate. In response, Hindenburg has stated that it fully stands by its report and believes any legal action taken against them would be without merit. The report, which was released this week, alleged that Adani Group had used undisclosed related-party transactions and earnings manipulation to "maintain the appearance of financial health and solvency" of its listed business units. The firm also stated that they would welcome any legal action taken by Adani Group and would use the discovery process to demand documents.
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Bitcoin Skyrockets to 13-Month High, Surging 3.28% - Discover the Mind-Blowing Market Figures and Major Fund Manager Plans!


On July 6, the leading cryptocurrency Bitcoin reached a 13-month high with a trading rate of $31,500, marking a 3.28% increase, as reported by Reuters. CoinMarketCap data revealed a 2.2% rise in Bitcoin's market capitalization, reaching $610,122,773,744. This surge comes after Bitcoin's trading value of $20,547.81 on July 7, 2022.

The recent boost in Bitcoin's performance can be attributed to the plans of major fund managers, including BlackRock, to launch a U.S.-listed spot Bitcoin exchange-traded fund (ETF). Nasdaq has refiled its application to list BlackRock's ETF, addressing concerns raised by the U.S. securities regulator.
In the past 24 hours, the total crypto market volume has reached $37.18 billion, reflecting a significant increase of 19.24%. The volume of decentralized finance (DeFi) stands at $2.53 billion, accounting for 6.81% of the total crypto market's 24-hour volume. Additionally, stable coins' volume has reached $34.16 billion, making up 91.89% of the total crypto market's 24-hour volume.

Bitcoin's dominance in the crypto market currently stands at 49.89%, showing a slight increase of 0.26% throughout the day, as reported by CoinMarketCap.
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