The sequence began on June 30 when an anonymous wallet submitted a proposal to transfer Treasury holdings to a wallet it controlled, according to Chainalysis. To pass, the proposal required affirmative votes equal to 1% of BONK’s supply, the quorum or minimum participation required for it to take effect. Over the course of July 4 […]
• Volume ran 16.19% above the seven-day moving average, enough to show participation but not enough to confirm an outright breakout. • The sharpest activity came near session lows around $1.1110 as volume reached 106.5 million XRP, about 129% above the 24-hour average. • Buyers later pushed XRP towards $1.1507, but the move did not
Why rally in Ripple-linked token stalled near $1.15 Read More »
“The institutional bid has all but disappeared,” said Yusuf Fakhro, partner at ARP Digital, pointing to CME futures open interest at a 32-month low and a maturity structure at its tightest since early 2023. He added that the six-month bias for options, a measure of how much traders pay to protect against a decline, has
BTC drops from $64,000 after Strategy’s $213 million sale Read More »
The White House’s chief crypto adviser, Patrick Witt, and his predecessor in that role had both said they will need Congress to fully back the creation and activation of the crypto funds. Presidential orders do not carry the weight of law, and no legislation has yet been advanced, although such efforts have simmered among lawmakers
Bitcoin’s US reserve is still a work in progress as federal agencies hash out Read More »
George E. Johnson, a hair care magnate who rose from a sharecropper’s cabin to the executive suite of what is said to be the first black-owned company listed on a major U.S. stock exchange and made a fortune off products such as Ultra Sheen and Afro Sheen, died Monday at his home in Chicago. He
George E. Johnson dies at age 99; Break market barriers with Afro Sheen Read More »
Ether (ETH) led the crypto majors on Monday as bitcoin held above $63,000, stabilizing after a week that pulled it off its lows and back to its highest in more than a month. Bitcoin was trading around $63,207, little changed on the day but up 5.5% over seven days, per CoinDesk data. Ether was the
Ether leads crypto’s hold above key levels as bitcoin stabilizes above $63,000 Read More »
Richard H. Glanton, an embattled president of the Barnes Foundation who in the 1990s went against the wishes of the institution’s eccentric founder by taking 80 French works of art outside its neoclassical home on a first-ever fundraising tour, died June 21 at his home in Princeton, NJ. He was 79. His wife, Eileen Glanton,
Richard H. Glanton, Combative Head of Barnes Foundation, Dies at 79 Read More »
Ripple said on Monday that Luxembourg upgraded its provisional Crypto-Asset Service Provider (CASP) authorization under the European Union’s (EU) Markets in Crypto-Assets (MiCA) rules to a full license. The approval clears Ripple to provide cryptoasset services throughout the European Economic Area (EEA). “This CASP authorization means that Ripple enters the post-transition MiCA era, fully compliant
Luxembourg Upgrades Ripple’s Interim Crypto Asset Provider to Fully Compliant Read More »
“This is when the deflationary impulse from falling oil prices should remind everyone that the Fed will not hike and that — if anything — the next move will be a cut,” Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, said in a report.
Bitcoin gets bullish signals from inflation breakevens Read More »
SpaceX (SPCX) is set to officially join Wall Street’s tech-heavy Nasdaq 100 index on July 7 after raising $75 billion in the largest IPO ever in mid-June. The stock immediately rose to as high as $225 in the days following the June 12 IPO, only to deflate to $162 last week. Now the big question
SpaceX joins Nasdaq 100, but history suggests caution Read More »
