Japan is moving closer to allowing Bitcoin exchange-traded funds (ETFs). The country’s first product could potentially arrive in 2028 if planned regulatory changes move forward, according to the latest Nikkei report. The development comes after amendments approved by lawmakers that bring crypto assets under the Financial Instruments and Exchange Act, prompting the Financial Services Agency […]
“Ethereum is cheap, but the data says the bottom isn’t in yet,” said onchain analytics platform CryptoQuant on Thursday. ETH is trading around 17% below its realized price, “but only two of five signals have reached historical bottoming levels,” they added. “Selling pressure is easing. Capitulation is still missing.” ETH realized price – which is a […]
Although most of the cryptocurrency market is slightly in the red over the past 24 hours, some assets, such as Pi Network’s native token, have taken the retracement much worse than the rest. What’s particularly worrying about PI’s performance is that it halted its rather impressive resurgence after the recent all-time lows, begging the question […]
The debate over when Bitcoin’s bear market will end is largely split between two views. One camp still holds on to the traditional four-year cycle, while the other believes that the bottom may already be in. Grayscale, for one, favors the latter. Macro Over Market Cycles The supporters of the four-year cycle theory see Bitcoin […]
The US Securities and Exchange Commission went on a blatant war against the cryptocurrency industry in the past couple of years of Gary Gensler’s tenure, especially following the loud collapse of FTX. However, the new administration settled most cases, and now it was time for one that was actually initiated by Coinbase. It came with […]
Two types of whale activity have rocketed on the Chainlink network, including a substantial LINK accumulation, which could point to a resurgence in the ecosystem and the native token’s price performance. Chainlink continues to improve in terms of Real World Assets development, increasing to the second position in Santiment’s recent ranking. LINK Whale Activity Blossoms […]
The Digital Chamber has filed a lawsuit to block Illinois’ upcoming crypto tax. The industry advocacy group argues that the tax unlawfully targets blockchain transactions for discriminatory reasons. Illinois Faces Legal Challenge Over Crypto Tax Law Illinois’ Digital Asset Tax Act (DATA), scheduled to take effect on January 1, 2027, imposes a 0.02% levy on […]
Movement Labs has filed for Chapter 11 insolvency protection in the U.S. Bankruptcy Court of Delaware. This follows months of controversy and a token scandal that left the network dealing with major financial issues. Movement’s Bankruptcy Timeline In its bankruptcy filing, the company said it has under 1,000 creditors, between $100,000 and $500,000 in assets, […]
Given the popularity of some cryptocurrency projects, they tend to be targeted by bad actors trying to exploit either the network behind them or vulnerable and unsuspecting users for their coins. A recent post on X outlined a potential threat for some Pi Network users (referred to as Pioneers) and urged immediate action from the […]
China has launched one of its largest market interventions in years, funneling $2 billion worth of yuan into equities and ETFs tracking semiconductor companies among other tech firms. The move follows a steep correction in Chinese tech stocks, which came to a head on July 17. Why China Intervened in Tech ETFs The Asian country […]