U.S. Representatives Adrian Smith and Nikki Budzinski have introduced the PREDICT Act, a bipartisan bill to prohibit the president, vice president, members of Congress, political appointees, and their spouses and dependents from participating in prediction markets tied to political events, policy decisions, or government actions. The legislation would impose a 10% fine on the value …
A U.S. court in Texas has dismissed a lawsuit filed by crypto developer Michael Lewellen, who was seeking legal clarity for his blockchain-based software. The case was thrown out by Reed O’Connor, who ruled that Lewellen failed to show a credible and imminent threat of prosecution. Lewellen had asked the court to confirm that his …
Coin Center noted that this reflects significant legal uncertainty that persists for developers of non-custodial blockchain software.
A sudden $23 million on-chain transfer has put the Official TRUMP memecoin ($TRUMP) back under the spotlight, but this time, for the wrong reasons. The move, traced to wallets linked with internal allocations, comes at a moment when price is already struggling below critical resistance. Historically, such transfers have often preceded exchange inflows and sharp …
AI's unchecked growth threatens societal stability as companies prioritize profits over ethical considerations.
The post Karen Hao: Profit motives drive AI development, current technologies harm society, and labor exploitation is rampant in the industry | The Diary of a CEO appeared first on Crypto Briefing.
The U.S. crypto industry is at a turning point. The CLARITY Act is moving closer to a Senate vote, and the next six weeks could decide whether crypto finally gets a proper legal framework or gets pushed to the back of the queue until 2027. Congress recently held a four-hour hearing on tokenization, bringing together …
A U.S. federal court has allowed a class-action lawsuit against Nvidia and CEO Jensen Huang to move forward over claims the company hid crypto mining-related GPU sales. Investors say more than $1 billion in revenue tied to crypto miners was not clearly disclosed. Court Allows Nvidia Crypto Revenue Lawsuit to Proceed According to the court …
On-chain data shows the Bitcoin Whale Transaction Count has witnessed a drawdown recently, a sign that big-money investors have reduced their activity. Bitcoin Whale Transaction Count Has Dropped To Lows In a new post on X, analytics firm Santiment has talked about the latest trend in the Bitcoin Whale Transaction Count. This indicator measures the daily total number of transfers occurring on the BTC network that involve a sum of more than $100,000. Related Reading: Dogecoin Supply Barrier: This Level Holds Cost Basis Of 28 Billion DOGE Transactions with such a large value are usually considered to be coming from the whale entities, so this metric’s value basically reflects the activity that the large hands are participating in. When the value of the Whale Transaction Count goes up, it means the number of moves being made by the whales is rising. Such a trend suggests big-money interest in the cryptocurrency may be climbing. On the other hand, the indicator witnessing a decline could imply the large entities are shifting their attention away from the asset, as they are making a fewer number of transfers. Now, here is the chart shared by Santiment that shows the trend in the Bitcoin Whale Transaction Count and its 7-day moving average (MA) over the last few years: As displayed in the above graph, the Bitcoin Whale Transaction Count saw a notable spike during BTC’s price crash to start February, indicating whales became active. This isn’t anything unusual, as investors tend to make moves while the market is behaving in a volatile manner. As BTC has fallen into a phase of consolidation since this crash, however, the Whale Transaction Count has seen a rapid drop. The recent attempt at recovery also couldn’t ignite activity from the whales. Santiment noted: Bitcoin’s whale activity has become historically quiet as key stakeholders await clarity (literally) from the CLARITY Act, as well as long-term finality to the war. The Whale Transaction Count is currently sitting at 6,417, which is the lowest level for $100,000+ transfers since September 2023. In the same chart, the analytics firm has also attached the data for the transactions valued at more than $1 million. From this curve, it would appear that the massive transfers are down to 1,485, their lowest since October 2024. Related Reading: Ethereum Rebounds 6%, But Coinbase Demand Remains Weak Now, what could this trend mean for the market? Well, the answer to that question may not concretely lean in either the bullish or bearish direction. As Santiment explained: What it does signal is that smart money is in the same boat as smaller retail holders at the moment, and have been reluctant to make moves with so much policy and global uncertainty at play. BTC Price Bitcoin dropped back under $68,000 earlier, but the cryptocurrency has since seen a rebound as its price is now back at $70,800. Featured image from Dall-E, chart from TradingView.com
Tom Lee’s Bitmine has stepped up its Ethereum accumulation, buying another 50,000 ETH ($108.3 M) from FalconX as part of a broader buying trend. Over the past two days, three newly created wallets likely tied to Bitmine have picked up a total of 117,111 ETH worth about $253.3 M, according to on-chain analytics. This aggressive …
Key indicators such as ETF inflows cloud the bullish $70,000 holdout story
Authorities said customers sent crypto to wallets controlled by the defendants, with funds later moved to overseas financial institutions.
The government plans to implement the ban by amending the Representation of the People Bill, with changes taking "retrospective effect" from March 25.
The UK government has announced a ban on cryptocurrency donations to political parties while also introducing a £100,000 annual cap on overseas political contributions. The move aims to prevent foreign influence and improve transparency in election funding, as authorities tighten rules around political financing. UK Bans Crypto Donations to Political Parties According to the announcement, …
Coinbase is reportedly still pushing back against stablecoin yield provisions in the Senate’s crypto market structure bill, which has derailed past efforts to advance the legislation.
Securities and Exchange Commission (SEC) Chair Paul Atkins has said the agency could roll out a tokenization innovation exemption for crypto companies in just a few weeks. The move is part of a broader effort to ease regulatory hurdles and support experimentation with blockchain‑based tokenized assets. Industry participants expect the exemption to help expand markets …
The rise of AI-driven transactions could revolutionize digital economies, emphasizing automation and efficiency in financial systems.
The post Solana Foundation exec predicts AI agents set to drive 99% of onchain transactions in 2 years appeared first on Crypto Briefing.
Congress is moving to tighten oversight of prediction markets amid rising concerns over insider trading and misuse of sensitive information.
The bill adds to a wave of recent legislative and state-level actions targeting prediction markets as scrutiny over sports betting, war contracts and alleged insider trading builds.
The XRP Ledger has recently seen an increase in transaction fees as network activity climbed close to 200 transactions per ledger, a level rarely reached in its history. This surge in usage pushed the network closer to its limits, resulting in higher fees and increased load, which drew criticism from users. Addressing the concerns, Ripple …
Crypto entrepreneur Nic Carter claims that Bitcoin developers still have their "head in the sand" when it comes to making Bitcoin quantum-resistant, compared to Ethereum.
Pi Network has officially announced completion dates for its node protocol upgrades, marking a crucial phase in the project’s path toward greater stability, performance, and future functionality. According to a recent post by crypto user Woody Lightyear, the team revealed a clear schedule for key protocol versions, culminating in the long‑anticipated v23.0 upgrade. Upgrade Timeline …
Dogecoin corrected some gains from the $0.0980 zone against the US Dollar. DOGE is now holding the $0.0940 support and might aim for a fresh increase. DOGE price started a fresh downside correction below $0.0955. The price is trading above the $0.0940 level and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $0.0952 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0928. Dogecoin Price Trims Gains Dogecoin price started a downside correction after it failed to surpass $0.0980, like Bitcoin and Ethereum. DOGE declined below the $0.0960 and $0.0955 levels. There was a move below the 38.2% Fib retracement level of the upward move from the $0.0897 swing low to the $0.0978 high. Besides, there was a break below a bullish trend line with support at $0.0952 on the hourly chart of the DOGE/USD pair. The price even spiked below $0.0950 before the bulls appeared. Dogecoin price is now trading above the $0.0940 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.0955 level. The first major resistance for the bulls could be near the $0.0980 level. The next major resistance is near the $0.10 level. A close above the $0.10 resistance might send the price toward $0.1080. Any more gains might send the price toward $0.1120. The next major stop for the bulls might be $0.120. More Losses In DOGE? If DOGE’s price fails to climb above the $0.0980 level, it could continue to move down. Initial support on the downside is near the $0.0940 level or the 50% Fib retracement level of the upward move from the $0.0897 swing low to the $0.0978 high. The next major support is near the $0.09280 level. The main support sits at $0.0880. If there is a downside break below the $0.0880 support, the price could decline further. In the stated case, the price might slide toward the $0.0840 level. Any more losses might call for a test of $0.080. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0940 and $0.0928. Major Resistance Levels – $0.0955 and $0.0980.
The Royal Government of Bhutan transferred 519.707 BTC on Wednesday, the latest in a series of increasingly large moves that have taken its holdings from a peak of roughly 13,000 BTC to 4,453.
The market’s second-largest cryptocurrency, Ethereum (ETH), surged nearly 3% on Wednesday, extending a short-term recovery that has brought the altcoin to the key $2,160 level. Market analyst Ali Martinez flagged the move as part of a potentially significant shift in Ethereum’s technical outlook, writing on social media platform X (previously Twitter) that price action is showing “signs of a major trend shift from bearish to bullish.” On‑Chain Signals Strengthen Breakout Case Martinez pointed to the altcoin’s weekly chart, where Ethereum appears to be tracing an ascending triangle formation. He noted that ETH’s bounce to $1,800 on February 26 lined up with the triangle’s hypotenuse—an alignment that, in past instances, has preceded bullish continuations. Similar patterns seen in previous market cycles offer investors reason for optimism. As the price tightens toward the triangle’s apex, historical patterns suggest that a breakout to the upside is more likely. Related Reading: BlackRock Crypto Outlook: CEO Predicts $500M A Year In Revenue Within Next Five Years The analyst also highlighted on-chain context to bolster the bullish case. Martinez observed that the market value to realized value (MVRV) ratio fell below 0.8 at the same time ETH tested the triangle’s support. According to his read, that specific MVRV threshold has previously coincided with important buy signals, which makes the recent reset more meaningful than a random bounce. Adding to the technical narrative, the SuperTrend indicator flipped to bullish for the first time since May of last year, indicating that momentum may be shifting back in favor of buyers. Martinez had previously observed in a social media analysis that this suggests that Ethereum’s consolidation or accumulation period may be coming to an end, with the $1,800 support playing a crucial role in a scenario where selling pressure emerges and challenges this crucial level. Ethereum Price Targets Identified The analyst set out several price bands between market value and realized value that could serve as resistance points if Ethereum continues its recovery in the short, medium, and long term. Martinez stated that the first significant objective to be reclaimed was $2,356, which was not exceeded in the broader market surge witnessed last week. Mid-term targets at $2,647 and $3,639 came next. Related Reading: Bitcoin, XRP Rallies Won’t Hold Until Oil Falls Toward $80, Expert Warns Looking ahead, the analyst indicated $4,632–the last resistance before reaching all-time highs of $4,956–and $5,624 as longer-term “expansion” zones that would indicate further positive momentum. Despite the bullish signals, Martinez was careful to temper expectations: he emphasized that a full-blown bull market is not yet guaranteed. Still, he argued that the convergence of technical support, the MVRV buy signal, and the SuperTrend flip represent the strongest combination of bullish indicators for Ethereum seen in a while. Featured image from OpenArt, chart from TradingView.com
The chipmaker failed to rebut claims its crypto disclosures affected its stock price, allowing the case to move forward.
Swan Bitcoin claims that Howard Lutnick likely knew about its failed Tether mining venture, after which employees allegedly stole documents, resigned and launched a rival firm.
Tight range and fading momentum suggest a breakout is near, with direction hinging on $1.40 hold.
XRP price started a fresh decline from $1.4380. The price is now struggling and is at risk of another decline below the $1.380 zone. XRP price started a fresh decline below the $1.420 zone. The price is now trading below $1.420 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $1.4050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $1.380. XRP Price Dips Again XRP price attempted a recovery wave above $1.4220 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $1.420 and $1.4120. There was a move below the 50% Fib retracement level of the upward move from the $1.3838 swing low to the $1.4372 high. Besides, there was a break below a bullish trend line with support at $1.4050 on the hourly chart of the XRP/USD pair. The price is now trading below $1.420 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.4120 level. The first major resistance is near the $1.420 level. A close above $1.420 could send the price to $1.4380. The next hurdle sits at $1.450. A clear move above the $1.450 resistance might send the price toward the $1.4840 resistance. Any more gains might send the price toward the $1.520 resistance. The next major hurdle for the bulls might be near $1.5550. More Losses? If XRP fails to clear the $1.420 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3965 level or the 76.4% Fib retracement level of the upward move from the $1.3838 swing low to the $1.4372 high. The next major support is near the $1.380 level. If there is a downside break and a close below the $1.380 level, the price might continue to decline toward $1.3620. The next major support sits near the $1.3450 zone, below which the price could continue lower toward $1.320. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.3800 and $1.3450. Major Resistance Levels – $1.4200 and $1.4380.
The decision leaves unresolved whether developers of non-custodial crypto tools must comply with federal money-transmission rules.
Tokenized finance and related infrastructure upgrades will be “revolutionary,” said Reserve Bank of Australia Assistant Governor Brad Jones.