BNB Chain, CoinMarketCap and Trust Wallet Launch $36,000 BNB HACK: AI Trading Agent Edition
BNB Chain, CoinMarketCap and Trust Wallet Launch $36,000 BNB HACK: AI Trading Agent Edition
BTC rebounds from overnight lows to $65,000 but remains under pressure
Floating around social media is the idea that it is Iran, not the selling of Michael Saylor’s strategy, that is behind much of this week’s price crash. Last week, Finance Minister Scott Bessent announced that more than $1 billion of Iranian crypto assets (not bitcoin) had been frozen. And then yesterday, the US announced sanctions
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Bitcoin falls to lowest Power Law valuation zone since FTX collapse
After briefly dipping below $66,000 on Wednesday, bitcoin BTC$66,924.57 is trading near the bottom of the Power Law Corridor, a level that has historically come shortly before rebounds in the price of the largest cryptocurrency. The model, popularized by physicist Giovanni Santostasi and refined by Porkopolis Economics, plots bitcoin’s price against time on a logarithmic
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Bitcoin (BTC) price RSI momentum gauge suggests recovery. Experts Remain Cautious: Crypto Daily
Bitcoin BTC$67,235.42 and the broader crypto market steadied Wednesday from Tuesday’s slide after Strategy ( MSTR ), the largest publicly traded bitcoin holder, sold a small portion of its stashes and spot ETFs extended a record number of net outflows. The cryptocurrency’s 14-day RSI has dipped below 30, a textbook oversold reading. The indicator measures
BTC holds back losses but remains trapped as crypto-stock divergence widens
Bitcoin BTC$66,924.57 recovered 0.7% on Wednesday but remains at a crucial crossroads after falling 9.5% since Sunday. The major cryptocurrency recently traded near $67,000, stuck in the middle of a range that lasted between February and April after a failed breakout attempt above $81,000 last month. If bitcoin falls below $60,000, it will likely trigger
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Banks’ survey says people don’t want to rock the boat if stablecoin yields risk lending
US bank lobbyists unveiled a survey to back their campaign against US stablecoins returning dividends to their users, trying to bolster their ongoing dispute with results indicating that 57% of people believe Congress should stop crypto firms from offering anything resembling bank interest on stablecoins if it could harm community lending. The American Bankers Association,
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Oil prices rise as Iran and US stock market strikes
Oil prices rose on Wednesday as hostilities in the Middle East flared as Iranian drones struck Kuwait’s main international airport and the US and Iran exchanged strikes. Shares wobbled and rose in much of Asia, but fell in Europe. Energy markets have been on a tightrope with the war in Iran dragging on for a
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TradFi will block DeFi growth until security issues are resolved, executives say
The long-term value of decentralized finance (DeFi) depends on its ability to transform the back-office operations of global banking institutions rather than providing alternative trading environments, according to asset management and banking executives. Speaking on a panel at the Proof of Talk conference in Paris, the executives said legacy financial institutions are eager to adopt
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Bitcoin’s ‘fear meter’ rises nearly 20%, biggest jump since February 5 crash
Bitcoin BTC$66,924.57 traders are finally taking price sales seriously. The cryptocurrency’s fear gauge, the BVIV index, shows it. BVIV, which measures the 30-day implied or expected volatility of the cryptocurrency, rose nearly 20% on Tuesday to 46.45%. It is the biggest one-day increase since February 5, according to data source TradingView. Here’s why it’s important.
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Franklin Templeton says Wall Street fears blockchain because it threatens its profits
The future of asset management is changing on the chain, but the transition reveals a major structural conflict over traditional companies’ revenues. Speaking on a panel at the Proof of Talk summit in Paris, Jenny Johnson, CEO of Franklin Templeton, a $1.74 trillion asset manager, spoke openly to the industry’s hesitancy to deploy decentralized networks.
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