Business – Page 473

The token may fall to 80 cents if the current levels do not hold

XRP broke from a multi-day consolidation late Saturday, slipping below the $1.93 support zone as heightened volume confirmed sellers were in control, even as broader crypto markets remained mixed. News background The move comes amid a broader cooling of risk appetite across crypto, with bitcoin struggling to hold recent rebounds and large-cap altcoins experiencing selective […]

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Bitcoin Faces Uncertain Outlook for 2026, $250,000 by End of 2027: Galaxy Digital’s Alex Thorn

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Galaxy Digital’s head of research, Alex Thorn, says 2026 could be one of the most difficult years to predict for bitcoin, although the firm maintains a bullish long-term outlook. In a Dec. 21 post on X, Thorn said the year ahead is “too chaotic to predict,” pointing to a mix of macro uncertainty, political risk

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Need more evidence before cutting rates further, says Fed’s Hammack

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It’s no secret that Cleveland Fed President Beth Hammack has staked out a spot as perhaps the most hawkish member of the U.S. central bank since her appointment in 2024 after a career at Goldman Sachs. Next year, however, she will be in a more prominent position to advance these views. The Fed’s Federal Open

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‘DeFi is dead’ as trillion dollar market awaits onchain funding, says Maple Finance CEO Powell

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“DeFi is dead.” This is how Maple Finance CEO and co-founder Sid Powell sums up what he sees coming for crypto over the next few years. However, this does not mean the end of decentralized finance; rather, it is the end of treating DeFi as something separate from traditional markets. “In a few years, institutions

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Tom Lee responds to controversy surrounding Fundstrat’s various bitcoin outlooks

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A debate on X over whether Fundstrat analysts are sending mixed signals on bitcoin intensified over the weekend, leading to a response from the firm’s co-founder, that seemed to support a more nuanced explanation of the different views. The discussion began after an X user known as “Heisenberg” (@Mr_Derivatives) posted screenshots that he said showed

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Ethereum’s ‘Glamsterdam’ Upgrade Aims to Fix MEV Fairness

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Ethereum developers, fresh off last month’s successful Fusaka upgrade, which reduced the cost of nodes, are already busy planning the blockchain’s next big change. Enter “Glamsterdam”. The name is a portmanteau of two simultaneous upgrades taking place on Ethereum’s two core layers. The execution layer, where transaction rules and smart contracts live, will undergo the

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UNI rises after vote opens for proposal to strike protocol fees

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Uniswap’s UNI token rose about 19% over the past 24 hours as on-chain voting began on a major government proposal that would enable protocol fees and introduce a long-discussed UNI burning mechanism. UNI began climbing shortly after the voting period opened at 03:50 UTC on December 20, according to Uniswap management data. A one-day UNI-USD

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Trying to find out the market structure of the bill forecast

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There were no markup hearings in the past week on market structure legislation. Legislators still hold their firm positions close to the West. The question changes from “will we get a market structure bill this year” to “will Congress have enough time to push this bill across the finish line?” You’re reading State of Crypto,

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VanEck’s new Avalanche ETF application includes stake rewards for AVAX investors

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VanEck has updated its filing for an Avalanche exchange-traded fund, VAVX, to include stake rewards and generate income for investors. In an amended S-1 filed with the US Securities and Exchange Commission, the firm revealed that the fund can stake up to 70% of its AVAX holdings to generate returns, with Coinbase Crypto Services listed

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Hilbert Group buys Enigma Nordic in $32 million deal to boost crypto trading edge

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Hilbert Group (HILB), a Swedish investment firm specializing in algorithmic trading within the cryptocurrency market, has acquired high-frequency trading platform Enigma Nordic in a $32 million deal. The move gives Hilbert access to Enigma’s proprietary trading system, which executes market-neutral strategies across global cryptocurrency exchanges, the companies said in a press release. Enigma said it

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