Ripple is once again at the center of controversy after financial expert Caitlin Long delivered strong criticism against the company and XRP. Known for her work in the Bitcoin space and as the founder of Custodia Bank, Long voiced concerns about Ripple’s structure and history that she says continue to limit its credibility. Caitlin Long …
Aged YouTube accounts with a history of posting crypto news and investing tips have been taken over by bad actors to advertise a scam trading bot that steals crypto.
Crypto analysts echoed the positive sentiment around Bitcoin, with some speculating it could jump to $125,000 in the near term.
India’s Income Tax Department has sent 44,057 emails and messages to crypto traders who failed to report their cryptocurrency trades in recent tax returns. This outreach is part of a major compliance initiative following the identification of numerous cases of unreported cryptocurrency income by data tools. Authorities urge recipients to update their tax filings promptly, …
After the bearish price action that began over the last weekend, Bitcoin has left some unfilled gaps open that could point to where the price is headed next. With two Fair Value Gaps (FVGs) yet to be filled, according to crypto analyst TehThomas, investors should expect a wave of uncertain movement in either direction. This is because Bitcoin needs to clear multiple liquidity levels before it is finally in a position to make a clean breakout. The Two FVGs Holding The Bitcoin Price Down In the analysis, Thomas explains that Bitcoin has created fair value gaps both above and below the current support level. The first of these lies above $117,000 and is expected to be the first to be filled. This position holds a lot of liquidity, and it is likely that this upper imbalance will be targeted first. Such a move would trigger stop losses and trap late longs who are tricked into buying the breakout. Related Reading: Market Expert Debunks Possible Bitcoin Top In November Using 9-12 Months Retail Cycle However, this Bitcoin breakout is not expected to last for long since only one FVG will have been filled at this level. The next FVG is way below the recent lows recorded at the start of August, sitting just above $111,000. The crypto analyst expects that a retracement from the breakout will push it back down to this level. This decline is, in itself, bullish as it will fill the imbalance at a point where there is a lot of demand. Just like the sweep upward above $117,000, the retracement to $111,000 is expected to clear internal liquidity. This will provide a clean slate from the compressing structure that the Bitcoin price has been trading within and could be the start of the next major move upward. What’s Next After Internal Liquidity Is Cleared? Once this move is in motion, the analyst points to the descending trendline as the next important formation on the Bitcoin price chart. For the price to continue upward, Thomas explains that Bitcoin would have to react from the upper imbalance of the trendline before falling back lower. This is the level that would determine confirmation for the next move. Related Reading: Cardano Marks Historical Milestone With Governance Vote, Hoskinson Reacts With internal liquidity also completely cleared at the end of the trend, Bitcoin is expected to have a “clean position to rally.” Targets would be the liquidity build-up at the previous wicks and area of rejection, which pushes all the way up toward $120,000. “This would complete the full cycle of imbalance fill, liquidity grab, and directional expansion,” Thomas said. However, he also added that “Price is unlikely to sustain a move higher until both zones have been addressed.” Featured image from Dall.E, chart from TradingView.com
The program aims to reward users holding, trading, and staking USD1 with an airline miles-style incentive model.
Since mid-2024, a growing number of public companies have started holding XRP as part of their treasury strategies. While Bitcoin and Ethereum dominated headlines in the past, big names like Japan’s SBI Holdings and smaller U.S. tech companies are starting to hold some of their cash in XRP because of how quickly it settles transactions. …
PancakeSwap one of the leading multichain decentralized exchanges, is back in the spotlight. This time around it is with a notable price movement and exciting product developments. After launching perpetual contracts for Apple, Amazon, and Tesla stocks, CAKE is attracting grabbing attention from retail and DeFi traders alike. Successively, the expansion into tokenized stock derivatives …
Glassnode characterizes current conditions as post-ATH indecisiveness, with no clear capitulation or rebound.
Ethereum recorded 1.87 million transactions yesterday, nearly reaching its all-time high set in January 2024. This surge was driven by stablecoin activity, primarily USDC and Tether, as well as trading on Uniswap. Analysts from Nansen and DappRadar attribute the rise to stronger market confidence, fueled by Ethereum ETF approvals and the recent GENIUS Act, which …
Sergei Potapenko and Ivan Turõgin asked a court for time served after admitting to wire fraud, but US prosecutors want them imprisoned for 10 years for their "classic Ponzi scheme.”
A major shake-up in crypto mining is underway as American Bitcoin Corp., a mining company tied to Donald Trump’s family, is gearing up to list on Nasdaq under the ticker ABTC. If approved, this will bring a Trump-backed crypto venture directly into Wall Street’s spotlight. The Big Merger in Play American Bitcoin Corp., co-founded by …
The online lender joins a growing wave of Korean fintechs eyeing stablecoin issuance after the government scrapped its CBDC pilot in favor of private-sector alternatives.
Bitcoin asset manager Parataxis will go public via a SPAC deal that could see up to $640 million in gross proceeds to fund a Bitcoin treasury.
JPMorgan’s permissioned platform will help reduce settlement risk, time, and cost by enabling 24/7 programmable payments
Investors include Castle Island Ventures, Ledger Cathay Fund, RockawayX, Asymmetric, UTXO Management, Anchorage, and Amber Group.
The new tariffs may boost federal revenue but risk trade tensions and potential GDP slowdown, impacting global economic relations.
The post Trump declares reciprocal tariffs now in effect appeared first on Crypto Briefing.
Solana started a fresh increase from the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $165 and $166 levels against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There is a contracting triangle forming with resistance at $168 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Upside Break Solana price started a decent increase after it found support near the $162 zone, like Bitcoin and Ethereum. SOL climbed above the $165 level to enter a short-term positive zone. The price even smashed the $1682 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $172 swing high to the $162 low. However, the bears are active near the $170 zone. The 76.4% Fib retracement level of the downward move from the $172 swing high to the $162 low is acting as a resistance. There is also a contracting triangle forming with resistance at $168 on the hourly chart of the SOL/USD pair. Solana is now trading above $165 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. The next major resistance is near the $172 level. The main resistance could be $175. A successful close above the $175 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Limited In SOL? If SOL fails to rise above the $170 resistance, it could start another decline. Initial support on the downside is near the $164 zone. The first major support is near the $162 level. A break below the $162 level might send the price toward the $152 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $164 and $162. Major Resistance Levels – $170 and $172.
Analysts pointed to the surging interest in DeFi and stablecoins alongside the growing trend of firms adopting the ETH treasury strategy.
The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges.
The Bitcoin market is in a “relatively balanced position” despite a recent price pullback from all-time highs, Glassnode said.
XRP price is struggling to continue higher above the $3.020 zone. The price is consolidating and might decline below the $2.920 support. XRP price is correcting gains from the $3.10 zone. The price is now trading near $2.980 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.880 zone. XRP Price Faces Resistance XRP price failed to continue higher above the $3.10 resistance zone, like Bitcoin and Ethereum. The price formed a short-term top and started a fresh decline below the $3.020 level. The price dipped below the $3.00 level. There was a move below $2.950 and the price tested the 50% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. However, the bulls were active near the $2.920 zone. The price is now trading near $2.980 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.00 level. There is also a bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair. The first major resistance is near the $3.10 level. A clear move above the $3.10 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.180 resistance or even $3.20 in the near term. The next major hurdle for the bulls might be near the $3.250 zone. Another Decline? If XRP fails to clear the $3.020 resistance zone, it could start another decline. Initial support on the downside is near the $2.920 level. The next major support is near the $2.880 level or the 61.8% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. If there is a downside break and a close below the $2.880 level, the price might continue to decline toward the $2.810 support. The next major support sits near the $2.750 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.920 and $2.880. Major Resistance Levels – $3.020 and $3.10.
South Korea’s KakaoBank is looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market.
The price of XRP is currently showing mixed signals, with short-term support still holding, but warning signs appearing on the longer-term charts. XRP is also flashing a bearish divergence. This is not a short-term signal and doesn’t mean XRP will crash today or tomorrow. However, it does mean that bullish momentum could fade over the …
“Bitcoin was again approaching its 50-day moving average. Such frequent testing of the medium-term trend signal line indicates accumulated fatigue in the first cryptocurrency,” one analyst said.
GameStop's shift towards Bitcoin-like trading suggests a strategic pivot in investment focus, potentially influencing retail investor behavior.
The post Billionaire Bill Gross says GameStop now trades more like Bitcoin than a meme stock appeared first on Crypto Briefing.
DL Holdings plans to raise roughly $83.2 million through share placements to support its blockchain and crypto asset initiatives.
Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP. SBI Unveils Japan’s First Bitcoin And XRP ETF According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering institutional investors a regulated avenue to gain exposure to two of the market’s largest cryptocurrencies. In addition, the country’s financial giant has introduced a second product, the Digital Gold Crypto ETF, which will allocate 51% to gold and 49% to cryptocurrencies. Related Reading: Dogecoin Price Crash Could End Soon With A Roadmap For $5 This structure is reportedly designed to mitigate investment risks through diversification, catering to a growing interest in combining traditional assets with digital currencies. This announcement arrives at a pivotal moment as Japan’s Financial Services Agency (FSA) is contemplating regulatory changes that could simplify the approval and tax processes for cryptocurrency-related financial products. Such developments may further enhance the attractiveness of these offerings to investors looking for regulated investment opportunities in the crypto space. Meanwhile, across the waters in China, the focus is shifting towards the introduction of the country’s first stablecoin. Hong Kong Emerges As Crypto Testing Ground Reports from the Financial Times indicate that Hong Kong has emerged as a testing ground for cryptocurrency initiatives, particularly in light of the stringent bans imposed on the mainland. Recently, Hong Kong passed legislation allowing licensed businesses to issue tokens backed by any fiat currency. However, the Hong Kong Monetary Authority (HKMA) has adopted a cautious approach, announcing that only a limited number of licenses will be granted starting next year. Chinese policymakers are increasingly recognizing the significance of stablecoins, particularly in the context of dollar-backed tokens that dominate the global economy. Related Reading: Is The Bitcoin Bull Run In Jeopardy? Expert Reveals Strategy’s Alleged Plan To Sell All BTC Holdings In a speech made in June, Pan Gongsheng, the governor of China’s central bank, noted that stablecoins have “fundamentally reshaped the traditional payment landscape.” This acknowledgment reflects a growing interest in stablecoins from Chinese state-owned enterprises, especially for payment and settlement solutions. Several state-owned companies operating in Hong Kong are reportedly preparing to apply for stablecoin licenses, although only one of China’s four major state-owned banks is anticipated to receive a license from the HKMA in this initial phase. Notably, the HKMA has not ruled out the possibility of approving licenses for stablecoins backed by offshore renminbi, a potential move that could greatly facilitate cross-border payments—an increasingly vital area for China as it seeks to enhance its financial influence globally. When writing, Bitcoin trades at $115,245, recording a 1% recovery in the 24-hour time frame. When compared to its recently achieved all-time high (ATH) of $123,000, the cryptocurrency has retraced over 6%. Featured image from DALL-E, chart from TradingView.com
Seven Republican senators are urging the Commerce Department to investigate whether open-source models like DeepSeek’s R1 pose risks.
Nate Geraci, ETF expert and President of NovaDius Wealth Management, has shared his belief that BlackRock is likely to file for spot ETFs for XRP and Solana. BlackRock already leads the market in crypto ETFs. It runs the largest Bitcoin ETF and also recently launched a major Ether ETF. The company is known for its …