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Death cross in EMAs signals potential continuation of bearish momentum in Arbitrum prices. Fibonacci projections indicate $1 psychological target on a breakout rally. Strong demand zone at $0.62–$0.65 holds 7.04M ARB tokens, aiding bullish recovery. With the crypto market gradually turning bearish, the total crypto market cap excluding Bitcoin is down to $1.43 trillion. This…
Thailand is reportedly fueling a stablecoin innovation that will involve a bond reserve. The country has a pro-crypto stance, with top leaders exploring new options. Thailand’s Bitcoin ETF market remains a key focus to mimic related moves from other regions. Thailand is allegedly exploring the viability of stablecoins that government bonds would back in its…
Hong Kong is driving its stablecoin regulatory push with lawmakers’ deliberating. Stablecoin issuers will have to secure licenses to operate in the region. Issuers must also adhere to AML, KYC, and CTF rules. The Hong Kong Legislative Council Committee held its first with key government officials regarding stablecoins on Tuesday. The regulators discussed the proposed…
Dogecoin open interest declines by 8.71%, with the long-to-short ratio at 0.90%. Critical support for DOGE price stands at the $0.30 psychological zone. Broader market stabilization could spark recovery to $0.37772 and beyond. Funding rate rise to 0.0103% reflects remaining bullish willingness despite bearish sentiment. Amid the increasing volatility in the crypto market, as Bitcoin…
The strategic expansion brings first-ever daily expiring crypto options to CME, demonstrating growing institutional demand for sophisticated derivatives tools. International market impact proven with 44% of existing Bitcoin Friday futures traded outside US hours, showing strong global adoption. New options complement CME’s crypto suite while providing granular exposure management through smaller contracts and flexible expiry…
Gemini CEO Tyler Winklevoss criticizes Gensler’s return to MIT, stating no institution should collaborate with him after his tenure as SEC chair. Former SEC Chair Gensler returns to MIT teaching AI and fintech. Industry reactions vary, with some supporting the hiring boycott and others proposing alternative strategies to address the issue. Crypto exchange company has…
The Ethereum Foundation just launched Etherealize to handle network marketing. With a focus on content and promotions, the new offshoot will also drive technical development. Etherealize comes at a time when ecosystem growth hinges on L2 evolution. The Ethereum Foundation has launched a new offshoot called Etherealize to bring institutions into the ecosystem. A post…
Institutional moves remain mixed, with BlackRock buying $20.69M ETH amid $136.25M ETF outflows. Falling wedge and double bottom reversal hint at potential upside to $3,693. Trump’s fund boosts ETH holdings to $257M, signaling long-term bullish sentiment. Ethereum eyes a breakout above $4,000, targeting $5,000 to $6,000 in 6-8 weeks. As liquidation in the crypto market…
New Senate Banking Subcommittee aims to strengthen USD through strategic Bitcoin adoption while developing comprehensive digital asset regulations. Bipartisan legislation under Lummis’s leadership targets consumer protection and responsible innovation in the cryptocurrency sector. Market responds with Bitcoin briefly touching $106,732, highlighting institutional investors’ growing interest in regulatory clarity. The journey to implement a strategic Bitcoin…
Aptos demonstrates significant ecosystem growth, with over 200 active applications and a tenfold increase in DeFi activity during the past year. The transition from bridged lzUSDC to native USDC will be gradually implemented through collaboration with LayerZero-based bridge providers. USDC’s expansion continues with 78% year-over-year circulation growth in 2024, positioning it as the fastest-growing major…