Today in crypto, European Central Bank head touts CBDC as symbol of ‘trust,’ Spot Solana ETFs continue to attract investor interest amid “capital rotation” 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 ‘trust’ 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
Bank of England Deputy Governor Sarah Breeden has clarified that the central bank’s 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 “mistakenly” 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
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, BitMine’s Tom Lee and BitMEX’s 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
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. Fidelity’s Wise Origin Bitcoin Fund … Read more
BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are holding strong on their prediction that Ether will hit $10,000 this year, despite a recent crypto crash, and there being less than three months left on the clock. “For Ethereum, somewhere between [$10,000] and $12,000,” Lee said on the Bankless podcast on Tuesday, when asked … Read more
Key takeaways: Ether price dropped 8% to $3,940 on Tuesday, triggering $115 million in long ETH liquidations. A bull flag on the weekly chart suggests a $10,000 target, but bulls must hold $3,800 first. Ether (ETH) was down on Tuesday, dropping more than 8% from Monday’s highs above $4,300 to trade at $3,940. Despite this … Read more
Key takeaways: BNB faces short-term correction risks but maintains a bullish macro structure. A bull flag is still in play, pointing to a BNB price target above $2,000. BNB (BNB) has dropped 10% over the last 24 hours, reflecting the risk-off sentiment in the broader crypto market. BNB/USDT daily chart. Source: Cointelegraph/TradingView With a 13% … Read more
“Smart traders” picked up more Bitcoin and altcoins last week as retail investors overreacted to US President Trump’s 100% tariff against China, according to onchain analytics platform Santiment. “Retail’s emotions often dictate that Bitcoin’s and altcoins’ prices are about to do the opposite,” Santiment analyst Brian Q said in a blog post on Monday. The … Read more
