Representatives in Washington want the Commodity Futures Trading Commission (CFTC) to regulate crypto, but there are questions about whether the agency is up to the task. Last week, US Congressman French Hill released the first draft of the Clarity Act, a bill that would create a new category of asset, the “digital commodity.” It would…
Key takeaways: A newly created whale wallet opened a $54.5M 20x long position on Bitcoin at $106,538. Bitcoin nears $108,000 as US-China trade talks and bullish equity forecasts lift market sentiment. Analysts expect BTC to break its all-time high within 1–2 weeks, mirroring recent breakouts in gold and the S&P 500. Bitcoin (BTC) reached $108,000…
Opinion by: Agne Linge, head of growth at WeFi Decentralized finance (DeFi) disrupting and outcompeting TradFi has long been the dream of many innovators in the crypto field. Some of them lauded the over $40 billion in net inflows to spot Bitcoin (BTC) exchange-traded funds (ETFs) — recorded in the US since last January’s regulatory…
Key takeaway: XRP (XRP) recouped losses made between Wednesday and Friday and hovered around $2.26, up 9.7% from its local low of $2.06. Analysts said the altcoin may rally into double-digits amid increasing optimism of a possible spot XRP ETF approval in 2025. Approval odds for an XRP ETF jump to 98% The likelihood of…
Strategy has acquired $110.2 million worth of Bitcoin as the price trades near its all-time high level. According to a Monday US Securities and Exchange (SEC) filing, Strategy acquired 1,045 Bitcoin (BTC) at an average price of $105,426 per coin. The company now holds 582,000 BTC acquired for about $40.8 billion at an average price…
layer-1 blockchain Kaia has pledged to launch a South Korean won-based stablecoin following the Wednesday inauguration of President Lee Jae-myung, a left-leaning politician whose campaign included a series of crypto-friendly promises. Launching a won-based stablecoin is one of the crypto goals laid out during Lee’s campaign that set him apart from other crypto-friendly candidates. The…
Ether-based investment products led inflows among cryptocurrency-based investment products last week, despite an overall slowdown in investor activity as markets await clarity from the US Federal Reserve. Ether (ETH) exchange-traded products (ETPs) received $296 million of inflows last week, marking their best week since the 2024 election of US President Donald Trump, according to a…
The Avalanche blockchain surpassed 1 million daily transactions twice in the span of a week, which was the first time the network hit this milestone since February 2024. Avalanche transactions topped the mark on June 1 and again on Saturday. Total transactions for the week beginning June 2 reached 5.8 million, the highest weekly total…
Rampant electricity theft by illegal miners, inconsistent policies and a lack of legal clarity may deter Malaysia from tapping the potential of cryptocurrency mining, according to an industry report released by the Access Blockchain Association of Malaysia. The report predicts that the global crypto mining market will grow 110.2% in 2025 — from $2.44 billion…
Bitcoin (BTC) heads into another heavy macro week with bulls hoping that the $100,000 support retest is done. BTC price action offered some hope at the weekly close, with predictions of a return to all-time highs intact. Liquidity grabs remain a focus, and could compound a deeper correction if $100,000 fails. CPI and PPI are…