Bitcoin’s short-term holder (STH) cost basis suggests emerging bullish sentiment, with historical patterns hinting at possible upward price movements. The current STH cost basis stands at approximately $27,000, significantly above Bitcoin’s spot price near $24,000. This metric holds historical significance,… Read More »Bitcoin Short-Term Holder Cost Basis Signals Potential Bullish Momentum
Ripple has initiated an application process for a national bank charter, seeking to operate its RLUSD stablecoin under both state and federal regulatory jurisdictions. This strategic move aims to expand its stablecoin services beyond current New York Department of Financial… Read More »Ripple Pursues National Bank Charter to Expand RLUSD Stablecoin Under Federal Oversight
Technical and onchain analysis suggests Bitcoin may be poised for a significant upward move, potentially surpassing the key $110,000 resistance level. The cryptocurrency has traded within a $78,000 to $110,000 range over the preceding months. A pivotal barrier lies at… Read More »Bitcoin Technical Indicators Signal Potential Breakout Toward $130,000
Standard Chartered has projected Bitcoin could escalate to $200,000 this year, attributing the surge to accelerating institutional adoption, regulatory progress, and post-halving market patterns. The bank identifies institutional adoption and traditional cyclical trends as primary catalysts, emphasizing Bitcoin’s historical price… Read More »Standard Chartered Forecasts Bitcoin Surge to $200,000 Driven by Institutional Adoption and Halving Dynamics
Ethereum co-founder Vitalik Buterin emphasized the critical importance of decentralization for governing the Ethereum network and securing its Layer 2 solutions during a keynote address at the Ethereum Community Conference (EthCC). Buterin introduced two specific evaluation frameworks designed to assess… Read More »Buterin Highlights Decentralization’s Role in Ethereum Security and Governance at Keynote
Donald Trump’s cryptocurrency ventures have contributed $620 million to his wealth this year, representing roughly 9% of his net worth. The portfolio includes high-value holdings in World Liberty Financial and the Official Trump memecoin (TRUMP), which have simultaneously driven financial… Read More »Trump Crypto Ventures Generate $620 Million, Prompt Regulatory Scrutiny
Bitcoin projections indicate potential new all-time highs in the latter half of 2024, driven primarily by accelerating institutional treasury acquisitions and growth in Bitcoin ETFs. This momentum defies historical post-halving trends that previously characterized market cycles. Corporate treasury holdings now… Read More »Bitcoin Poised for Record Highs as Institutional Demand and ETFs Redefine Market Cycle
Cryptocurrency firm Ripple is actively exploring the possibility of securing a US national bank charter. This strategic pursuit aims to align its operations more closely with traditional banking frameworks. Success could significantly enhance liquidity and market stability for its associated… Read More »Ripple Explores US National Bank Charter, Potentially Boosting XRP Liquidity and Regulatory Clarity
Ripple has formally applied for a national banking license in the United States, aiming to expand its USD-pegged RLUSD stablecoin operations and payment offerings. Securing the federal banking charter would permit Ripple to operate as a regulated financial institution, enabling… Read More »Ripple Seeks US National Banking Charter to Bolster Stablecoin and Payment Services
Blockchain payments firm Ripple is pursuing a U.S. national banking charter to shift regulatory oversight of its RLUSD stablecoin from state to federal jurisdiction. The application to the Office of the Comptroller of the Currency (OCC) aims to replace RLUSD’s… Read More »Ripple Seeks National Banking License for Enhanced Stablecoin Oversight
Blockchain firm Ripple and financial infrastructure provider OpenPayd have announced a strategic partnership to transform international transactions through combined use of XRP and RLUSD stablecoin. The collaboration specifically targets chronic inefficiencies in traditional cross-border payments, including slow settlement times, prohibitive… Read More »Ripple and OpenPayd Partner to Revolutionize Cross-Border Payments with XRP and RLUSD
BlackRock’s iShares Bitcoin Trust ETF (IBIT) is approaching $75 billion in managed assets, signaling intense institutional appetite for cryptocurrency exposure through regulated financial products. The flagship crypto fund’s 0.25% expense ratio translates to approximately $187.2 million in annual fee revenue,… Read More »BlackRock’s Bitcoin ETF Nears $75 Billion Milestone Amid Robust Investor Demand
A new financial institution named Erebor Bank is being established with backing from notable investors including Peter Thiel. Its primary mission is to support crypto startups and early-stage companies, aiming to fill the void created by the collapse of Silicon… Read More »Erebor Bank Emerges with Billionaire Backing to Support Crypto Startups Post-SVB Collapse
Bitcoin demonstrates significant growth potential driven by weakening macroeconomic forces and surging institutional interest. Three converging factors—declining dollar strength, unprecedented global liquidity, and ETF-fueled demand—signal bullish momentum. Global M2 money supply has reached an all-time peak of $55.48 trillion, creating… Read More »Bitcoin Poised for Major Upside as Dollar Weakens and Institutional Demand Intensifies
A cryptocurrency whale has liquidated its 10X leveraged short position on Ethereum, resulting in a realized loss of $3.27 million according to on-chain analytics. The liquidation was detected by blockchain monitoring platform Onchain Lens, marking one of the largest leveraged… Read More »Ethereum Whale Loses $3.27 Million in 10X Leveraged Short Liquidation
The supply of Bitcoin held on cryptocurrency exchanges has plummeted to its lowest level in seven years, signaling a pronounced shift in investor behaviour towards long-term accumulation. Exchange balances now represent just 14.5% of the Bitcoin supply, a threshold not… Read More »Bitcoin Exchange Supply Hits 7-Year Low as Market Dominance and Institutional Demand Grow
Banking giant Standard Chartered has projected Bitcoin could surge to $200,000, driven predominantly by surging demand for Spot Bitcoin ETFs and growing corporate treasury adoption. Their analysis, reiterating forecasts made previously, sees Bitcoin potentially reaching $135,000 by the third quarter… Read More »Standard Chartered Forecasts $200,000 Bitcoin Driven by ETFs and Corporate Adoption
Publicly traded companies globally ramped up their direct Bitcoin holdings significantly in the first half of the year, acquiring approximately 245,510 BTC. This surge effectively doubled the volume previously absorbed by spot Bitcoin Exchange-Traded Funds (ETFs) and represents a major… Read More »Corporate Bitcoin Holdings Double in Six Months, Driven by Direct Acquisition Strategy
Ripple Labs is pursuing formal banking recognition through an application for a federal banking charter in the United States. This strategic move positions the cryptocurrency firm alongside other digital asset companies engaging with traditional financial regulatory frameworks. The licensing effort… Read More »Ripple Files for U.S. Banking License Amid Industry Regulatory Push
Ripple has filed an application to secure a U.S. banking license. This strategic move establishes Ripple among the group of cryptocurrency-related companies actively pursuing regulatory authorization. The application demonstrates Ripple’s efforts to integrate its operations more deeply within the established… Read More »Ripple Applies for U.S. Banking License Seeking Integration With Traditional Finance