It has been a wild ride, but Ethereum’s price has finally reclaimed its former all-time high. The move came following a recent correction, which saw ETH’s price drop to slightly above $4,000. The cryptocurrency saw a massive bounce in the past 24 hours following the speech of US Federal Reserve Chairman Jerome Powell at Jackson […]
The crypto market is showing cautious movement as investors gear up for signals from the Federal Reserve’s Jackson Hole symposium. Against this backdrop, Ethereum is seeing continued outflows tightening its market supply, which contrasts with Bitcoin’s unchanged reserves and ongoing sell-side liquidity. Diverging Flows Between Bitcoin and Ethereum There has been a growing divergence between […]
Ripple Labs has entered into a collaboration with SBI Holdings, a major Japanese financial services conglomerate, according to an announcement on Friday. The memorandum of understanding is to distribute Ripple’s stablecoin, RLUSD, in Japan through SBI subsidiary SBI VC Trade, starting in Q1 2026. SBI VC Trade holds multiple Japanese financial licenses, including being the […]
Around 33,700 Bitcoin options contracts will expire on Friday, August 22, and they have a notional value of roughly $3.8 billion. This expiry event is smaller than last week’s and unlikely to influence spot markets, which have started to move higher after a mid-week correction. All eyes are on the Federal Reserve Chair speaking at […]
TL;DR US court unfreezes $57M USDC tied to Libra, sparking renewed market activity and a sharp rally. LIBRA token skyrockets 393% in one day, fueled by asset release and renewed investor attention. Despite lawsuit uncertainty, traders push LIBRA higher, with volume rising and volatility returning to the token. Federal Judge Releases Frozen USDC A US […]
Crypto equities, which had strongly outperformed Bitcoin over the past 18 months, are now showing signs of fatigue. Amidst a broader market pullback, investors appear to be fleeing riskier corners of the market. No IPO, No Catalyst After a stellar 18-month run, crypto equities are beginning to lose momentum relative to Bitcoin, according to the […]
The healthcare-focused company will cease trading its stock on the NASDAQ by the end of the week, as its treasury strategy has not yielded results comparable to those of its industry peers. On a similar note, Strategy’s stock also experienced some jitters, albeit not as pronounced, due to other factors. Unfortunate Turn Of Events In […]
Speaking at the Wyoming Blockchain Symposium on Wednesday, central bank Governor Christopher Waller said, “the payment system is experiencing what I have called a ‘technology-driven revolution’.” He added that this includes instant payments, digital wallets, mobile payment apps, stablecoins, and other digital assets, and AI. He specifically cited stablecoins, or fiat-pegged crypto assets, as the […]
TL;DR AVAX sees 585% transaction growth in 3 months, pushing adoption and user activity to new highs. Over 50 million unique wallets show rising AVAX network usage across retail, DeFi, and institutions. Wyoming and Japan stablecoins, Toyota, and SkyBridge build on AVAX, shifting focus from Ethereum. Transaction Growth Signals Strong Network Usage Avalanche (AVAX) has […]
The privately held company has made adjustments to the ETFs it manages, both reducing and adding to specific positions. Falling Prices Ark Invest, the investment management firm with more than $6 billion in assets under management (AUM), reduced the size of its ARKB (ARK 21Shares Bitcoin ETF) by 559.85 BTC, or approximately $64.4 million, as […]