Market analysts say Ether (ETH) faces “downside risks” that could trigger another 20% downtrend toward $1,700, new analysis said. Key takeaways: Rising Ether supply on exchanges and declining ETF inflows suggested a possible ETH price drop over the coming days. Ether’s rising wedge pattern projected a potential 22% drop to $1,725 ETH inflows to exchanges rise …
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Bitcoin (BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets. Key points: Bitcoin eyes its lowest levels of May as concerns over US bond yields spark a risk-asset rout. US 10-year treasury yields rise above levels that sparked a US tariff pause on China last year. …
Continue reading “Bitcoin price dives under $79K as US bond market triggers 3% BTC price rout”
Augustus Bank’s CEO, Ferdinand Dabitz, says legacy clearing banks cannot truly rebuild their cores for artificial intelligence and programmable money, as his startup moves closer to launching a US national bank designed around both. The Office of the Comptroller of the Currency (OCC) granted conditional approval for Augustus Bank N.A. on Monday under the Guiding …
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A former employee of a billion-dollar lender faces decades in prison over the disappearance of thousands of dollars from an ailing septuagenarian’s bank account. According to the United States Attorney’s Office for the District of Rhode Island, former Santander Bank employee Carlos Bras drained over $125,000 starting in or about May of 2023 from the …
Ether price is still stuck below $2.4K: Here is why Ether (ETH) has tested the $2,400 resistance five times over the past month, with each breakout attempt losing momentum near that level. The stalled price action comes as spot Ether exchange-traded funds (ETFs) recorded just $500 million in inflows since March. Ether reserves on Binance …
Continue reading “ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves”
Polish lawmakers approved a government-backed bill Friday to bring the country’s crypto market under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, after President Karol Nawrocki twice vetoed earlier versions. The vote took place on Friday during the 57th sitting of the Sejm in Warsaw, where lawmakers adopted the legislation in a 241–200 decision, …
Continue reading “Polish lawmakers back revised crypto bill after repeated vetoes”
Bitcoin’s (BTC) Thursday rally to $82,000, buoyed by the Senate Banking Committee’s advancement of the CLARITY Act, has stalled amid stiff overhead resistance and weakening ETF demand. Still, analysts said that BTC’s upward momentum may increase if key conditions are met. Key takeaways: BTC bulls must flip the $82,000-$84,000 into new support. Return of strong …
Continue reading “Bitcoin stalls above $80K despite CLARITY Act pass: What will trigger a breakout?”
South Korea’s Financial Services Commission (FSC) plans to release detailed tokenized securities rules in July as the country prepares to bring blockchain-based securities under its capital markets framework in 2027. The measures are expected to include a roadmap for tokenizing stocks, bonds and money market funds, possible changes to over-the-counter trading limits and rules allowing …
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Crypto analyst Michaël van de Poppe says Bitcoin could rally to a four-month high in the coming weeks as momentum continues to build across the crypto market. In a post on X, Van de Poppe says Bitcoin “can literally go both ways,” but notes that if the asset continues grinding higher ahead of the upcoming …
Global crypto exchange OKX is reportedly in talks with Korea Investment & Securities to take a major stake in Coinone, marking the latest shakeup in South Korea’s tightly regulated crypto exchange market. According to a Friday report by Korean media outlet Yonhap, the two firms are discussing plans to each acquire around 20% of Coinone, …
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Major South Korean financial conglomerate Hana Financial is buying a stake in Dunamu, the operator of the crypto exchange Upbit, in its latest venture into the digital assets sector, amid a broader trend of traditional financial institutions wading into the digital assets market. In a regulatory filing on Friday, Hana Financial announced it is buying …
Continue reading “Hana Financial to acquire 6.55% stake in Upbit operator Dunamu for $668M”
The founder and CEO of investment management firm Baron Capital, Ron Baron, believes that one firm that is preparing for an initial public offering (IPO) could generate massive returns over the coming years. In a new CNBC interview, Baron says that the aerospace and artificial intelligence firm SpaceX, which filed to go public in April, …
JPMorgan Chase has filed an application with the U.S. Securities and Exchange Commission for a blockchain-based money market fund designed in part for stablecoin issuers. According to the filing, the fund would use blockchain infrastructure developed by Kinexys Digital Assets (KDA), a business unit within JPMorgan Chase Bank, N.A. The filing states that the fund …
Privacy messaging app Signal has said it may exit Canada if forced to comply with the country’s proposed lawful access bill, which would require companies to build technical surveillance capabilities that some argue could threaten end-to-end encryption. In an interview with Canadian news outlet The Globe and Mail on Thursday, Signal’s vice president of strategy …
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Australia’s proposed changes to capital gains tax could lead to smaller profits for cryptocurrency traders, especially low-income earners, and could discourage “patient investing,” according to several crypto executives. The proposed reform, announced by the ruling Labor Party on Tuesday as part of its fiscal year 2027 budget, will bring in a minimum 30% tax on …
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