Today in crypto, European Central Bank head touts CBDC as symbol of âtrust,â Spot Solana ETFs continue to attract investor interest amid âcapital rotationâ from Bitcoin and Ether funds, Meanwhile, Bitcoin ended October at a 3.69% monthly decline, the first time in seven years. European Central Bank head touts CBDC as symbol of âtrustâ European … Read more
BlackRock has redesigned one of its flagship money market funds to meet new US stablecoin rules. The $13.5 trillion asset manager said the revamped fund, called the BlackRock Select Treasury Based Liquidity Fund (BSTBL), will help manage reserves for companies behind US dollar-pegged stablecoins, offering them a safe place to park customer funds, according to … Read more
As the market volatility continues, Ethereum (ETH) has dropped 3.1% in the daily timeframe and is attempting to hold a key price area as support once again. Despite the dip, some analysts have suggested that the King of Altcoin is set to start a new expansion phase soon. Related Reading Ethereum Retests Major Support Zone … Read more
Bank of England Deputy Governor Sarah Breeden has clarified that the central bankâs plan to restrict stablecoin holdings and transaction size will only be a temporary measure to ensure stability in the financial system. The proposed limits on stablecoins were first floated in a November 2023 discussion paper as a means to ensure financial stability. … Read more
Today in crypto, Paxos says it âmistakenlyâ minted 300 trillion PayPal stablecoins; Coinbase Ventures backs Indian exchange CoinDCX at a $2.45 billion valuation amid its expansion into India and the Middle East, and analysts Tom Lee and Arthur Hayes double down on their $10,000 Ether price target for year-end. A $300 trillion fat-finger, as Paxos … Read more
Bitcoin is facing a pivotal moment after last Fridayâs flash crash briefly sent prices tumbling to the $103,000 level, shaking market confidence before a swift recovery. The leading cryptocurrency has since stabilized, consolidating below the $115,000 mark as traders and institutions reassess short-term momentum. While volatility has returned, on-chain and institutional data continue to show … Read more
Key points: Bitcoinâs recovery is facing selling at higher levels, indicating that the bears remain in control. Several altcoins have turned down from their overhead resistance levels, signaling selling on rallies. Bitcoinâs (BTC) recovery is facing selling on rallies, but a positive sign is that the bulls are trying to form a higher low near … Read more
Today in crypto, Coinbase Ventures has invested in Indian exchange CoinDCX at a $2.45 billion valuation as the US crypto company expands into India and the Middle East, BitMineâs Tom Lee and BitMEXâs Arthur Hayes have doubled down on their $10,000 Ether prediction for the end of the year, and the US Justice Department is … Read more
A recent analysis by R. Linda on TradingView shows that the XRP price is facing a tough resistance zone after its recent recovery. The market is still showing signs of instability after earlier liquidations, and both XRP and Bitcoin are now moving into areas where another correction could happen. According to the analyst, XRPâs price … Read more
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end. Spot Bitcoin (BTC) ETFs saw $102.58 million in net inflows, rebounding from a $326 million outflow a day earlier, according to data from SoSoValue. Fidelityâs Wise Origin Bitcoin Fund … Read more
