Data from Lookonchain indicated that Arthur Hayes, the former CEO and co-founder of BitMEX, had gone on another selling spree by dumping several altcoins. The first batch reported by the analytics company indicated that he disposed of 520 ETH, 2.62M ENA, and 132,730 ETHFI in just a few hours. Arthur Hayes(@CryptoHayes) appears to have sold […]
Bitcoin (BTC) fell below $94,000 on Friday, reaching its lowest point since early May and erasing over $1 trillion from the total crypto market valuation since October. This sharp drop has now led investors to question the depth of the current downturn, with a new analytical model suggesting a potential bear market floor of $74,000. […]
Ethereum (ETH) slipped again on Thursday as 228,000 ETH options worth about $730 million expired, according to an update from Greeks.live. The token’s drop marks its third straight monthly decline, reflecting a market that has turned sharply negative as volatility expectations flare. A Market Under Pressure Greeks.live’s data revealed that 228,000 Ethereum options contracts expired […]
Crypto exchange Coinbase has sharply criticized a group of major US banking associations after they urged federal regulators to ban merchant rewards, cashbacks, and discounts offered to customers who pay with stablecoins. The latter argued such perks amount to “indirect interest.” “Unamerican” Power Grab In a post on X, Coinbase chief policy officer Faryar Shirzad […]
VeChain has issued a firm clarification denying recent allegations made in a report published by Bybit’s Lazarus Security Lab, which claimed that the blockchain includes a hidden feature allowing funds to be frozen. In a statement released on Thursday, VeChain categorically rejected the claims as “factually incorrect and reputationally damaging.” VeChain Slams Bybit’s Research Lab […]
Bitcoin (BTC) is positioning for its next potential upward move, fueled by a weakening U.S. dollar and a quiet accumulation of stablecoin buying power on exchanges. According to new on-chain data, the market is building a substantial liquidity reservoir, which, historically, has been a signal for prices going up significantly. Market Mechanics Point to Accumulation […]
Uniswap (UNI) has surged over 70% in the past week, amidst increased retail FOMO following the announcement of “UNIfication,” which is a joint governance proposal by Uniswap Labs and the Uniswap Foundation that is expected to reshape the exchange’s ecosystem. The proposal introduces a plan to activate protocol fees for the first time since the […]
Coinbase’s plan to make a major push into the stablecoin payments sector has hit a wall. The US crypto exchange has ended acquisition talks with UK-based fintech BVNK, in what could have been one of the largest deals ever for a stablecoin-focused startup. Details on why the negotiations collapsed have not been revealed yet. Acquisition […]
The U.S. Treasury and the IRS have announced a new safe harbor that allows crypto exchange-traded funds (ETFs) to stake digital assets without paying extra tax. The guidance resolves a regulatory challenge that previously prevented asset managers from participating in staking networks due to concerns about potentially violating tax laws. Safe Harbor Guidance Under Revenue […]
A new bipartisan discussion draft from the U.S. Senate Committee on Agriculture, released on November 10, proposes a clear regulatory framework for digital assets. The legislation could formally place XRP and other major cryptocurrencies under the oversight of the Commodity Futures Trading Commission (CFTC) as a commodity, a move that could have significant consequences for […]