Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Earlier this year, the Reserve Bank of Australia launched Project Acacia. As per the RBA’s website, this retail central bank digital currency pilot is designed to “explore how innovations in digital money
Key Takeaways JPMorgan disagrees with the US Treasury’s prediction that the stablecoin market will reach $2 trillion by 2028. USDT and USDC account for over 60% of the current stablecoin market, which JPMorgan expects to only double or triple in size. Share this article JPMorgan isn’t buying into the $2 trillion stablecoin hype. Despite growing
Bitcoin remained steady between $116,000 and $119,000 last week, while Ethereum hovered just below $4,000. As traders search for the best crypto to buy ahead of major catalysts, Bitcoin and Ethereum remain in focus with several events likely to influence short-term momentum. The biggest short-term driver is the Federal Reserve’s interest rate decision this Wednesday.
TL;DR Symmetrical triangle breakout at $4.30 puts $8 target in focus, supported by rising momentum. Cup and handle pattern confirms bullish setup, with $4.15 now acting as strong support. Trading volume and open interest both surge, reflecting increased participation in the current rally. Breakout Pattern Signals $8 Potential Sui (SUI) has shown strong movement over
Ethereum traded at $3,908 at press time, gaining 3.2% in the past 24 hours and 61% over the last 30 days. Summary Ethereum is trading above $3,900, up 61% in 30 days. SharpLink bought 77K ETH, raising its total to 438K ETH. Ethereum’s bullish momentum remains intact amid an elevated RSI and Bollinger Bands expansion.
Key Takeaways Chris Larsen’s wallet has moved 50 million XRP worth about $175 million since July 17. The wallet’s activity follows a major security breach where $112 million in XRP was stolen in January 2024. Share this article A wallet tied to Ripple co-founder Chris Larsen has transferred 50 million XRP, worth around $175 million,
Ethereum’s validator exit queue has swelled dramatically since July 16. According to Galaxy Digital, this was driven less by speculative profit-taking and more by structural stresses triggered by spiking ETH borrow rates and the unwinding of leveraged staking strategies. Ethereum’s Exit Queue Chaos Beginning mid-July, ETH borrow rates on Aave surged from a stable 2-3%
Bitcoin held steady last week while altcoins tumbled, as the crypto market entered a holding pattern ahead of key macro and corporate catalysts. This week, all eyes are on the Federal Reserve’s interest rate decision, a wave of significant tech earnings from companies like Microsoft and Amazon, and ongoing ETF inflows for Bitcoin (BTC) and
Key Takeaways Anchorage Digital and Ethena Labs are launching USDtb as the first GENIUS-compliant stablecoin in the US. This partnership leverages Anchorage Digital’s federally chartered crypto bank status to issue regulated digital dollars domestically. Share this article Anchorage Digital and Ethena Labs have teamed up to launch USDtb, which the companies tout as the first
A lengthy sentence, along with hefty fees, is what awaits a resident of the southwestern U.S. state who facilitated the hiring of numerous people using stolen identities. The rise of the DPRK threat is a global concern, and its tactics are becoming increasingly sophisticated. Details on The Arrest A press release shared by the Office of