The crypto market is on the verge of a major price breakout after experiencing one of its worst weeks since July 2024. Bitcoin BTC$61,875.23which is currently trading around $62,500, has lost more than 14.5% since midnight UTC Monday morning, while ether (ETH) has plunged more than 17%, falling 5.5% on Friday alone. Ether, the second-largest […]
The largest US banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027 to protect their deposits from the threat posed by stablecoins, the Wall Street Journal reported. The system will be operated by The Clearing House, the payments company collectively owned by
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U.S. spot bitcoin ETFs recorded a tiny net inflow of $3.05 million on Wednesday, breaking a 13-session buyback streak that has drained more than $4.4 billion from the cohort since mid-May. The outflows caused total Bitcoin ETF assets to drop to $80.40 billion from $104.29 billion at the start of the streak. BlackRock’s IBIT, the
Bitcoin and Ether ETFs end record multi-billion outflow streak Read More »
Bitcoin BTC$61,875.23 continues to lose ground and the price quickly closes at $60,000 amid record ETF outflows. The $60,000 level has been widely cited by analysts as major support, below which the selling could become even more brutal. Jean-David Péquignot, chief commercial officer of leading crypto options exchange Deribit, said the price is not only
Here’s What Could Happen If Bitcoin Falls Below $60,000 Read More »
Bitcoin fell to $62,715 on Friday, down 1.9% for the day and 14.5% for the week, as the artificial intelligence trade that fueled global risk assets through 2026 lost steam. Ether fell 4.8% to $1,696 and is now down more than 15% for the week, while Solana fell 5.4% to $66.51, bringing its seven-day loss
Bitcoin Plunges Near $62,000 As AI Trade Unwinds, HYPE Falls 14% Read More »
Forward Industries deposited 455,784 SOL worth approximately $31.87 million on Coinbase Prime on Friday after a month of dormancy, according to onchain tracker Lookonchain. The transfer is the first significant move in the company’s treasury holdings in more than four weeks and lands amid a sharp Solana pullback that sent the token down 18.5% for
Bitcoin Could Fall to $60,000, Zcash Plunges 37% Read More »
Privacy-focused Zcash (ZEC) has taken a beating over the past 24 hours, falling around 30% to $400 amid broader market weakness. The sell-off accelerated after Shielded Labs, a non-profit developer of Zcash, disclosed a critical vulnerability in the blockchain’s Orchard privacy pool that could have threatened the integrity of the token supply. On Thursday evening,
Zcash drops 30% as Shielded Labs reveals major bug that went undetected for four years Read More »
JPMorgan (JPM) said the U.S. crypto market structure bill, known as the Clarity Act, may have only a limited window for adoption this year as the congressional schedule tightens ahead of the midterm elections and the debate over stablecoin performance remains unresolved. “As the US midterms approach, the legislative window for passage of the Market
JPMorgan sees narrowing window for overhauling US crypto market structure Read More »
Russia has sanctioned a British teenager for his role in revealing the alleged use of ruble-pegged stablecoin A7A5 to fund the war effort against Ukraine. Alexander Browder, 17, wrote a report for the foreign policy and national security think tank The Henry Jackson Society, which the Russian Foreign Ministry described as spreading “defamatory speculation and
Russia sanctions British teenager for allegedly using A7A5 to fund Ukraine war Read More »
