XLM Falls 3.2% to $0.25 as Altcoin Purge Continues
Stellar drops from $0.2577 amid broad consolidation, but technical bounce from $0.248 signals buying interest remains intact.
XLM Falls 3.2% to $0.25 as Altcoin Purge Continues Read More »
Kraken Scores $800M Raise Backed by $200M Citadel Securities Investment
Crypto exchange Kraken has raised $800 million in fresh funding, including $200 from investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets onto blockchain infrastructure, the company said on Tuesday. The round was split over two tranches, with the lead led by institutional investors including Jane Street, DRW Venture Capital, HSG,
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Sell-off likely ‘complete’, year-end rally in play, analyst says
Bitcoin’s steep selloff may have finally run its course, according to Geoffrey Kendrick, the head of digital asset analysis at Standard Chartered, who argues that the pullback is following a familiar pattern and is likely nearing exhaustion. Bitcoin BTC$93,222.90 dipped below $90,000 on Tuesday, extending a pullback that has erased nearly 30% from the currency’s
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OffChain Labs on Robinhood’s (HOOD) tokenization plans
Buenos Aires — Fintech giant Robinhood ( HOOD ) is laying the groundwork to push the traditional financial system into a permissionless ecosystem, according to the head of strategy at blockchain development company Offchain Labs. The brokerage app’s recently launched tokenized equity offering in Europe, which already includes nearly 800 listed securities and is set
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US regulator OCC clarifies how banks can handle network ‘gas fees’
The US Office of the Comptroller of the Currency issued new policy guidance detailing how national banks can maintain crypto assets to be used to pay blockchain network “gas fees.” In what is known as “Interpretative Letter No. 1186,” the agency said Tuesday that banks can keep digital assets on their balance sheets that they
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Late. Warren Keeps Pressure On Trump Crypto Bonds As Market Structure Is Negotiated
US senators are in tight negotiations over the language to establish regulated crypto markets, and as they debate the details, Senator Elizabeth Warren is looking to continue to shed light on President Donald Trump’s personal crypto ties. The Massachusetts lawmaker, who is the ranking Democrat on the Senate Banking Committee and a frequent ally, Sen.
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Bitcoin Price (BTC) Prediction: Backward Bottom Sign?
Bitcoin has slipped into backwardation, a pattern that occurs when futures trade below the spot price and is typically associated with stress, “extreme fear” or heavy hedging activity. The shift comes as bitcoin has fallen as much as 30% from its all-time high. According to an X post from Thomas Young, Managing Partner at RUMJog
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Canada Approves Budget Advancing Stablecoins Policy
Canada’s government managed to pass its federal budget in parliament, which – among many other things – would introduce a stablecoin policy. Parliament narrowly passed Prime Minister Mark Carney’s first budget on Monday night. Deep within the lengthy document is a section that will govern the issuance of stablecoins overseen by the Bank of Canada.
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Rises 4% Amid Crypto Rebound, Outperforms Bitcoin (BTC)
Chainlink’s LINK token rose 4.17% on Tuesday, climbing to just $14 and breaking through several resistance levels as institutional demand for oracle infrastructure assets increased. The move marked a rare show of strength after recent headwinds that saw LINK outpace bitcoin’s progress BTC$93,324.99 and broader market benchmark CoinDesk 5 Index. Trading volume surged during the
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Rare day with better results than stocks
Crypto enthusiasts rubbed their eyes in amazement on Tuesday as digital assets outperformed US stocks for what appears to be the first time in weeks or months. Just before noon on the east coast, bitcoin BTC$93,218.56 has risen to $93,500 after dipping below $90,000 at one point overnight, up 1% over the past 24 hours.
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