The Justice Department’s Scam Center Strike Force, working with the Treasury Department, seized a Chinese-language scam marketplace called Xinbi Guarantee and restrained about $52 million in cryptocurrency in a single day, U.S. Attorney Jeanine Pirro announced this week. That operation brought the total the Strike Force has restrained since its founding to roughly $938 million. A […]
Although there are several major economic events taking place in the following five business days, the reality is that only a handful of them could (and most likely will) impact the cryptocurrency market. That impact, though, is expected to be quite vicious in either direction. The Kobeissi Letter highlighted an auction of 20-year securities, August […]
The CLARITY Act has received another round of changes as Senate Republicans try to secure enough Democratic support for Tuesday’s procedural vote on the cryptocurrency market structure bill. The latest version, which consists of 635 pages, includes an ethics framework backed by President Donald Trump that would restrict public officials from issuing or sponsoring digital […]
Although the upcoming vote on the Digital Asset Market Clarity Act is not a final passage vote, it still holds significance for the broader crypto market as senators will decide whether to advance debate on the legislation. Cloture requires 60 votes, meaning that even if all Republicans support it, they would still need assistance from […]
Bitcoin is consolidating around $77.3K after a powerful breakout from the $67K area. While the broader structure has improved significantly, BTC is now facing an important resistance cluster near $80K-$82K. Meanwhile, the latest Coinbase Premium reading suggests that US spot demand has yet to fully confirm the recent advance. Bitcoin Price Analysis: The Daily Chart […]
Ripple’s XRP has yet to establish a clear direction after its August surge, with repeated rebounds being capped before buyers can regain control. The current compression leaves the market at an important juncture, as holding the nearby support could eventually set up another recovery attempt. Ripple Price Analysis: The Daily Chart On the daily timeframe, […]
Ethereum is attempting to convert its post-rally consolidation into a continuation setup. It remains compressed near the upper end of the range, and a sustained breakout could provide the foundation for another bullish leg, although the recent CPI-driven fakeout highlights the need for confirmation. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH […]
UniCredit is exploring an expansion into digital assets that would add crypto custody and brokerage, and has started selecting a technology provider to hold the assets and handle client transactions, Bloomberg reported, citing people familiar with the matter. As per the report, the discussions are early, and no final decision has been made. Areas under […]
Swiss-based asset manager 21Shares has outlined its investment case for XRP, citing regulatory clarity, institutional access, growing XRPL utility, and a predictable supply. Nevertheless, it outlined one major risk, which continues to haunt the underlying asset. Why Bullish on XRP? Given Ripple’s years-long battle with the US Securities and Exchange Commission and the favorable outcome […]
The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have launched a pilot infrastructure for issuing, holding, trading, and settling corporate bonds as digital tokens. Called Demat 2.0, the model is being integrated directly into the nation’s existing regulated securities market, unlike many tokenization experiments built on standalone blockchain […]