BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock
Huge increase in supply could hurt BLUR’s price. The token has also fallen after SEC labeled other tokens as securities.
Posts published on June 12, 2023 go to media archive 2/4
Lawmakers introduce bill to remove SEC chair — but do they have the authority?
A Supreme Court decision ruled that the U.S. president could not remove commissioners except for “standard of inefficiency, neglect of duty, or malfeasance.”
Thailand launches retail CBDC pilot with 2 banks and Singapore payment service
The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.
Ethereum Forms Weekly Golden Cross, But Is It Enough To Save Crypto?
Despite the carnage and chaos all across the crypto market due to recent US SEC-related enforcement actions, Ethereum has just given a bullish buy signal. On weekly timeframes, ETHUSD has formed a golden cross, but will it be enough to give the…
Binance.US Plunges As Market Makers Rush To Exit, Market Depth Down 80%
Binance.US, the US subsidiary of popular cryptocurrency exchange Binance, has experienced a significant drop in liquidity, with market makers and traders reportedly fleeing the exchange in large numbers. According to data from crypto market data…
Bank of China issues $28M in digital structured notes on Ethereum blockchain
The securitized tokens are governed by Hong Kong and Swiss law.
Bitcoin Stuck In Historically Tight Range, Calm Before The Storm?
Data shows Bitcoin has been stuck in a historically tight range recently, something that could be a precursor for extreme volatility. Bitcoin 30-Day Price Range Has Compressed To Tight Values In a new tweet, the analytics firm Glassnode has looked…
Crypto fund outflows reach $417M over 8 weeks as investor caution persists
According to CoinShares, digital asset investment product outflows amounted to $88 million last week.
Crypto Catalyst Watch: What Might Move Markets This Week
The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items.
Price analysis 6/12: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
Market observers will closely watch the United States CPI data and the Fed’s policy decision to provide direction to the stock and crypto markets.
The first-world debt crisis means you can expect more pain ahead
You should be prepared for gradual deterioration in your quality of life — or search for alternative assets that could protect your wealth.
Polygon Takes Wraps Off Version 2.0
The protocol calls the latest version “the value layer of the Internet.”
Crypto Investment Funds See 8th Consecutive Week of Outflows
Unfavorable monetary and regulatory policy continue to take a toll on the industry.
Breaking: US lawmakers file 'SEC Stabilization Act' to fire Gary Gensler
"U.S. capital markets must be protected from a tyrannical Chairman, including the current one," Congressman Warren Davis wrote in reference to SEC head Gary Gensler.
Potential Venus Protocol Liquidation Raises Concerns in BNB Community
Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins…
SBI CEO Predicts Massive XRP Price Surge, Expects Ripple Verdict In Few Weeks
The chairman and CEO of Japanese financial giant SBI Holdings Inc., Yoshitaka Kitao, has made an extremely bullish prediction about the XRP price and Ripple Labs as a company. As is well-known, Kitao is one of Ripple’s biggest supporters and…
Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown
The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said.
Prepare For Lift-off With Galactix Zone IEO on ProBit Global
PRESS RELEASE. ProBit Global is launching the initial exchange offering (IEO) for the Galactix Zone Project platform’s native token, GXZ, which will be used as the in-game currency. Starting June 13, 2023, the token sale will enable investors…
Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong
It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.
10 Ways Crypto and AI Can Make Each Other Better (or Maybe Worse)
The hype around artificial intelligence is drawing away capital and talent from Web3. But AI and and crypto are overlapping technologies, with potential for each to influence the other, says Jeff Wilser.
Block Green Launches Bitcoin Mining Future Revenue Marketplace In Partnership With Merkle Standard
Block Green, a Switzerland-based Bitcoin liquidity protocol, and Merkle Standard, a U.S. Bitcoin mining company, have announced a partnership that allows Merkle Standard to utilize Block Green's platform to hedge future revenue risks and access…
Data Reveals Short-Term Bitcoin Holders Refuse To Sell Despite SEC Crackdown
Amid ongoing regulatory scrutiny and fear, uncertainty, and doubt (FUD) surrounding Bitcoin (BTC), short-term holders who are often known to be the first to sell off their assets when prices decline have displayed unusual resilience in the face of…
UK to get ‘early or priority access’ to AI models from Google and OpenAI
It’s unclear at this time what access the U.K. will receive, but the reported commitment could be the first of its kind.
Bitcoin and select altcoins show resilience even as the crypto market sell-off continues
Regulatory enforcement against the crypto sector has spooked investors, but the total crypto market capitalization continues to hold above $1 trillion.
BitGo's Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge
Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market.
Insights On ADA’s Security Concerns: Cardano Founder And Ripple CTO Exchange Views
Biggest Movers: ADA, ATOM Rebound on Monday, as Bulls Buy Recent Dip
Cardano climbed higher to start the week, as bulls moved to buy the recent dip in price. The token dropped by over 30% over the weekend, as traders continued to react to the Robinhood delisting. Cosmos also rebounded, moving away from a one-year…
Binance.US Market Depth Declines 76% in June Following SEC Lawsuit
Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.
21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.