TL;DR CryptoQuant warned that leverage positions are a big driver behind XRP’s price movements, which has increased the asset’s open interest. This comes amid significant volatility that hit Ripple earlier today after President Trump signed an executive order focusing only on Bitcoin. XRPUSD. Source: TradingView Recall the massive wave to the upside that XRP experienced […]
Michael Saylor, founder of Strategy (formerly MicroStrategy), has said that a Bitcoin strategic reserve will position the United States as a leader in cyberspace. In an interview with Fox News Channel, Saylor argued that Bitcoin is a secure means of savings for individuals, companies, and governments. Bitcoin Will Take The U.S. to Cyberspace Saylor, whose […]
The US Dollar Index (DXY) has fallen to a fourth-month low this week as concerns about sluggish expansion in the world’s largest economy amid escalating trade tensions. DXY tanked to 104.13 on March 6, its lowest level since early November, according to Tradingview. The US Dollar Index is an index of the value of the […]
El Salvador’s President Nayib Bukele has doubled down on his pro-Bitcoin stance while simultaneously pushing back against the International Monetary Fund (IMF) despite a recent loan agreement that included terms to curtail the country’s BTC-related activities. In a strongly worded post on X, Bukele dismissed the notion that El Salvador would halt its Bitcoin acquisitions […]
In the latest pro-crypto pivot in the US, the Senate has quashed a rule submitted by the Internal Revenue Service relating to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.” The rule required decentralized finance platforms to report detailed information on customers to the IRS, starting for tax year 2027. […]
South Korean crypto exchange Upbit has emerged as the leading force in the Ripple market. It holds double the amount of XRP as Binance and accounts for more than 14% of its global trading volume. The shift could be a reflection of the cryptocurrency’s growing prominence among investors in the Asian country. Upbit’s XRP Share […]
Amid a notable downturn in the digital asset markets, blockchain developer activity has continued to rise, defying concerns that the ‘crypto market is dead.’ A recent report from Santiment highlights growth in development efforts across the top ten crypto ecosystems, with increases ranging from 11% to 26% in the past month. Increased Developer Activity According […]
The White House is preparing for its first crypto summit on Friday, March 7, and invites have been issued to industry leaders and experts. The event will be hosted by Trump’s AI and crypto czar, David Sacks, and industry leaders are hoping for regulatory clarity that could help the US retain blockchain talent and foster […]
Amid several days of massive Bitcoin volatility, the asset soared back above $88,000 on Tuesday after BlackRock CEO Larry Fink allegedly told investors to buy any short-term dips, as he expects an economic rally for later this year. Bitcoin traded for $82,300 at 11:40am ET on Tuesday, before rallying above $88,300 within the next three […]
After more than two years under regulatory scrutiny, Yuga Labs announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without taking enforcement action. While the agency has not disclosed the specific reasoning behind its decision, the move aligns with a broader shift in the SEC’s approach to […]