Author: Crypto Editor
The US Treasury Division accepted feedback associated to the implementation of the stablecoin invoice till Tuesday as a part of the legislation’s deliberate rollout. Stablecoin issuer Circle has advocated for a degree enjoying subject amongst banks, nonbanks and stablecoin issuers because the US Treasury Division considers implementing the GENIUS Act following its signing into legislation in July. In feedback submitted on Tuesday as a part of the Treasury’s discover of proposed rulemaking for GENIUS, Circle was considered one of many crypto corporations that weighed in on how the US authorities ought to implement the legislation establishing a framework for cost stablecoins.…
ICP$6.1328 prolonged its highly effective rally on Thursday, leaping 33.99% to $7.02 in a transfer that firmly established a bullish breakout above the important thing $7.00 threshold. The sharp rally got here amid heavy buying and selling quantity and widespread volatility throughout the broader crypto market, as ICP continued to separate itself from the sector’s prevailing weak spot, in accordance with CoinDesk Analysis’s technical evaluation knowledge mannequin.The token surged from $5.26 to succeed in a excessive of $7.20, posting one in every of its strongest day by day performances in months. The decisive break above $7.00 marked a psychological and…
President Donald Trump commits to creating the U.S. a “Bitcoin superpower,” selling digital asset management as a vital technique towards international financial competitors. The US is actively prioritizing management within the shortly increasing digital asset trade. President Donald Trump just lately targeted on this vital coverage change. This occurred on the two-day America Enterprise Discussion board in Miami. Particularly, he urged all enterprise leaders and the nation to embrace crypto. Particularly, he identified the growing significance of Bitcoin as a strategic nationwide asset. White Home Unveils Technique for Nationwide Digital Asset Dominance He additionally confused how the constructive position performed…
Ethereum’s latest decline has drawn consideration throughout the crypto market because the second-largest cryptocurrency struggles to get better from its 15% weekly loss. The continuing bearish situations have dragged ETH right down to ranges not seen in months. Nonetheless, this sharp correction could sign the beginning of a restoration, as Ethereum seems to have reached the purpose of bearish saturation.Ethereum Enters Historic Reversal LevelThe 30-day MVRV ratio highlights that Ethereum has formally entered the “alternative zone,” a variety traditionally linked to potential reversals for the primary time in 5 months. This zone, outlined between -10% and -20%, represents intervals when traders…
Robinhood Markets (ticker HOOD) reported one other robust quarter of crypto buying and selling quantity, to not point out beating prime and bottom-line estimates. General, third-quarter buying and selling income jumped 129% yr over yr, which the corporate stated was primarily pushed by cryptocurrency income.Given the rise of digital asset treasuries (DATs) amongst publicly traded firms this yr, Robinhood executives have been requested for his or her ideas on adopting a company treasury technique.”We like being aligned with the neighborhood,” stated Shiv Verma, Robinhood’s SVP of finance and technique and incoming CFO. “Crypto is a giant a part of our…
Jamie Dimon says JPMorgan is growing a stablecoin, probably with different banks. The financial institution already operates a blockchain-based deposit coin that helps good contracts. Dimon emphasizes innovation over private opinion, pushing JPMorgan to remain forward of fintech tendencies. Jamie Dimon, CEO of JPMorgan Chase, revealed that the financial institution is actively exploring the event of a stablecoin, probably in collaboration with different main monetary establishments. Talking on the America Enterprise Discussion board on Thursday, Dimon admitted he’s unsure how the stablecoin market will evolve — however emphasised that JPMorgan intends to remain immediately concerned. “Stablecoin was one the place…
Following a pointy decline in October that noticed bitcoin fall greater than 20% from its all-time excessive of $126,000, JPMorgan strategists now see the asset as undervalued in comparison with gold. Bitcoin’s steep drop and deleveraging In response to JPMorgan international markets strategist Nikolaos Panigirtzoglou, bitcoin’s dramatic worth drop was pushed by two important elements: Substantial liquidations in perpetual futures contracts and the aftermath of a $128 million theft from decentralized-finance protocol Balancer. This deleveraging led the ratio of open curiosity in perpetuals to bitcoin’s market capitalization again to its common stage since January 2024, indicating that extra leverage has…
It’s been a tricky begin to November for the crypto market. We’re seeing plenty of purple throughout the board – however skilled merchants have seen this sample many occasions earlier than. Crypto has a fame for bouncing again aggressively, leaving anybody who hesitated on the sidelines. That potential for a rebound makes timing the market so important. And it’s why good merchants search for alternatives off of public exchanges – which is the place presales are available. Since presale tokens aren’t publicly tradable but, you possibly can keep away from every day value volatility. As a substitute, you get the…
Crypto analyst VisionPulsed says Dogecoin’s window for a cycle-defining advance has narrowed to weeks, arguing {that a} failure to pivot increased in November would seemingly finish the present bull-side setup and shift the dialog to draw back threat in 2026. In a late-November 5 video, the analyst framed Bitcoin’s weekly shifting common because the near-term arbiter of pattern and, by extension, Dogecoin’s destiny: “By the tip of the week, we have to see Bitcoin again over $103,000–$104,000. If that finally ends up occurring, then you can begin pushing the concept… we may begin speaking a couple of Dogecoin rally. If…
Banking behemoth JPMorgan has all of a sudden turned bullish on Bitcoin, predicting that the value of the main cryptocurrency may doubtlessly attain $170,000 throughout the subsequent six months. The banking big now believes that Bitcoin is definitely undervalued towards gold after persistently underperforming by means of 2025. The aforementioned value goal is definitely volatility-adjusted. It has additionally pointed to current deleveraging in Bitcoin futures as one of many key causes behind its sudden optimism. JPMorgan additionally argues that market members mustn’t learn an excessive amount of into Bitcoin ETF inflows. Although some traders are promoting, the outflows nonetheless pale compared…