Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats
BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000. Go to Source Powered by WPeMatico
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KuCoin crypto exchange debuts USDT-dominated NFT ETF
KuCoin’s new investment product aims to increase the liquidity of, and access to, leading nonfungible token collections such as BAYC. Go to Source Powered by WPeMatico
Experts yet to explain massive spike in ETH active addresses
The sudden dramatic spike in active addresses on the network has left many guessing about the cause. Go to Source Powered by WPeMatico
Tether says it holds zero Chinese commercial paper, denies 85% exposure
Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago. Go to Source Powered by WPeMatico
Fed policy and crumbling market sentiment could send the total crypto market cap back under $1T
Data shows investors jumping back into fiat and a lack of bullish leverage in the crypto market suggests another correction is in the making. Go to Source Powered by WPeMatico
Tether, Bitfinex, Hypercore collab to launch encrypted P2P apps
The trio launched Holepunch with a vision to bestow control over data while breaking technology monopolies, among others. Go to Source Powered by WPeMatico
US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP
U.S. Congressman Brad Sherman has urged the U.S. Securities and Exchange Commission (SEC) to go after major cryptocurrency exchanges that traded xrp, which the regulator deems a security. “It’s easier to go after the small fish than the big fish, but the big fish operating major exchanges did many, many tens of thousands of transactions … Read more
Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades
During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. Stablecoin Markets Lose Close to … Read more
Burdensome but not a threat: How new EU law can affect stablecoins
Apart from the stringent requirements for stablecoin issuers, there are other areas of concern in the upcoming EU regulation. Go to Source Powered by WPeMatico
3 key metrics suggest Bitcoin and the wider crypto market have further to fall
Traders are not as fearful as they were in June, but several metrics show the market is still standing on paper-thin support levels. Go to Source Powered by WPeMatico