Ethereum’s Ether ETH$3,278.49 just tumbled more than 20% on Tuesday in a two-day rout almost identical to the Oct. 10 crash. Trading just below $4,000 early Monday, the second-largest cryptocurrency by market capitalization fell to nearly $3,000 by Tuesday afternoon in the U.S., touching its weakest level since mid-July. It is the second severe correction […]
20% free fall in two days amid $1 billion liquidation cascade Read More »
The creator behind the Ethereum layer-2 network ZKsync has unveiled a proposal to transform its $ZK token from a governance instrument to a token with real economic utility. A new proposal, “From Governance to Utility: ZK Token Proposal, Part I,” published Tuesday by Alex Gluchowski in the ZKsync community forum, outlines how network usage and
The ZKsync proposal aims to tie the $ZK token to network revenue Read More »
A U.S. banking lobby group petitioned the agency that issues federal bank charters, the Office of the Comptroller of the Currency, to reject Coinbase’s application for a trust charter, arguing that the crypto exchange fails to meet requirements in several categories. The Independent Community Bankers of America, an influential group focused on the policy needs
Coinbase Faces Flak from Traditional Bankers on Its Push for Trust Bank Charter Read More »
Ripple’s stablecoin, RLUSD, has surpassed $1 billion in market capitalization less than a year after launching in December 2024. The milestone makes RLUSD the 10th largest US dollar-backed stablecoin by market capitalization, according to data from CoinGecko. Issued by XRP creator Ripple, RLUSD is backed by dollar reserves and short-term US Treasuries and is designed
XRP Creator’s RLUSD Hits $1B Milestone Read More »
NEW YORK — XRP Ledger’s ability to support both value transfer and real-world payments from a single platform could give it a structural advantage in the growing crypto-ETF market, according to Bitnomial founder and CEO Luke Hoersten. “What I think is unique about XRP and RLUSD is that you have a single ledger that drives
XRP Ledger’s Dual Utility Could Make It A Breakout ETF Play, Experts Argue Read More »
Ethereum falls 10% along the way
Ethereum falls 10% along the way Read More »
NEW YORK — Former FTX CEO Sam Bankman-Fried’s chances of getting a new trial appear to be dwindling, judging by the pointed questions from an appeals court during a hearing in Manhattan on Tuesday. Bankman-Fried’s attorney Alexandra Shapiro told the trio of Second Circuit judges that the high-profile trial was “fundamentally unfair” because her client
The appeals court seems unfazed by Sam Bankman-Fried’s claims of an unfair trial Read More »
Bitcoin BTC$101,475.14 fell below the $100,000 level on Tuesday on at least some major exchanges — Coinbase, Gemini and Kraken, to name three — its weakest price since late June in a broader crypto market correction. The move below this price was met with at least a bit of buying, however, with BTC bouncing back
Drops below $100K for the first time since June Read More »
XRP extended its decline on Tuesday, falling 6% to $2.25 as whale selling and a clean trendline break accelerated downward momentum. The move – paired with a 15% drop in open interest – keeps the pressure on bulls ahead of a looming dead cross setup and a key $2.20 support retest. What to know •
Death Cross Risk Rises As Ripple Token Plunges 6% Read More »
