"The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said.
The launch of Runes of Bitcoin and the emergence of OP-CAT could redefine the blockchain's ecosystem as early as 2026.
Ripple is at the top of a long list of crypto industry notables supporting the super PAC.
The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
Crypto exchange Gemini said users of its now-defunct Earn product received $2.18 billion of their digital assets, according to a May 29 statement. These distributions amount to 97% of the total digital assets owed to Earn users, marking a significant recovery since the collapse of crypto lender Genesis, which halted withdrawals in November 2022. In-kind […]
The post Gemini Earn returns over $2 billion in crypto, triggering concerns of sell pressure appeared first on CryptoSlate.
Hashdex withdrew its application for a spot Ether exchange-traded fund on May 24, a day after the SEC gave eight similar financial products the green light.
The financial industry veteran discusses ETFs, tokenization and future banking blockchain opportunities at Consensus 2024.
Ripple donates $25M to Fairshake PAC, aiming to influence 2024 elections for a crypto-supportive US policy.
The post Ripple invests $25 million in pro-crypto campaign for 2024 US elections appeared first on Crypto Briefing.
We took a spin through some of the side events and preparations taking place Tuesday ahead of CoinDesk's annual conference, which starts Wednesday in Austin.
Deutsche Bank has launched its debut into tokenized money using an inventive Ethereum-based platform, marking a significant move towards embracing blockchain technology. This new business endeavor seeks to transform record-keeping services for tokenized fund issuers by providing an interoperable solution that should improve efficiency, reduce costs, and streamline processes. Related Reading: Argentina’s Bitcoin Adoption Is […]
Solana (SOL) is rapidly gaining the attention of institutional investors, who are increasingly showing a strong interest in this crypto token. This trend underscores the possibility that Solana could be the next in line to launch its Spot ETF, a development that could significantly impact the crypto token’s price. Solana Investment Funds Record Year-To-Date Inflows Of $29 Million According to CoinShares’ latest weekly report, Solana investment products currently boast a year-to-date (YTD) net inflows of $29 million. Last week, these funds saw net inflows of $8 million. Meanwhile, these Solana funds have recorded net inflows of $19 million this month alone. Related Reading: Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here’s Why This development highlights the significant demand for Solana among institutional investors. It also strengthens the case for SOL as the next crypto asset to have its own Spot ETF following the approval of the Spot Ethereum ETFs. Fund issuers are bound to weigh the popularity of other crypto tokens (besides Bitcoin and Ethereum) when deciding which Crypto ETF to apply for next. Solana is undoubtedly the clear favorite, as it has recorded the most YTD flows among other crypto investment funds, excluding Bitcoin and Ethereum. The demand for Solana among these institutional investors is also evident, given how notable institutions like asset management firm Pantera Capital actively bidded and purchased some of the discounted SOL tokens, which formed part of FTX’s bankruptcy estate. Brian Kelly, founder of digital assets investment firm BKCM, had recently predicted that a Solana Spot ETF was likely next in line, considering that Bitcoin, Ethereum, and Solana are the ‘Big 3’ for this cycle. As such, it is only logical that a SOL ETF comes next since Bitcoin and Ethereum Spot ETFs have been approved. Asset manager Franklin Templeton also backed the Solana narrative, predicting that the crypto token would soon become the third-largest crypto token by market cap behind Bitcoin and Ethereum. Meanwhile, Bloomberg analyst James Seyffart also weighed on the possibility of a Solana ETF being next, stating that this fund will see more demand than other digital assets besides Bitcoin and Ethereum. Digital Asset Products Record Third Consecutive Week Of Inflows Last week was a good one for crypto asset investment products in general. These investment products recorded net inflows for the third consecutive week, with $1.05 billion flowing into these funds. Most of these inflows went into Bitcoin investment products, which recorded net inflows of $1.01 billion last week. Related Reading: Ethereum Spot ETFs: Report Shows Grayscale Could Keep ETH Price Down With $110M Daily Outflows Meanwhile, Ethereum recorded $36 million in net inflows last week. This figure represents the highest inflow that Ethereum investment products have seen since March. CoinShares noted that this was likely an early reaction to the approval of the Spot Ethereum ETFs in the United States. Besides Solana, which saw a net inflow of $8 million, Litecoin, XRP, and Chainlink were the other altcoins that recorded notable flows, with $2.8 million, $400,000, and $600,000 flowing into these crypto assets, respectively. Featured image created with Dall.E, chart from Tradingview.com
Despite the crypto industry's high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill, leaving little time in the waning congressional session.
Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2.30 per common share in a mix of cash and Riot common stock — amounting to a $950 million offer. Bitfarms’ Special Committee of Independent Directors reviewed the offer […]
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Ripple CTO David Schwartz discusses how institutional DeFi on XRPL could enable Bitcoin ETFs to be used as loan collateral.
The post Ripple’s institutional DeFi could unlock Bitcoin ETF collateral value: Ripple CTO appeared first on Crypto Briefing.
PEPE's market cap now tops $6.2 billion, outshining major NFT collections in value and daily trading volume, signaling a shift in investor focus.
The post Meme coin takeover: PEPE surpasses market value of all major NFT collections combined appeared first on Crypto Briefing.
Nasdaq has withdrawn the Hashdex Ethereum ETF proposal, a move following the SEC's exclusion of the fund from recent approval.
The post Nasdaq withdraws Hashdex’s proposed Ethereum ETF appeared first on Crypto Briefing.
The post Shiba Inu Dominates Dogecoin In Whale Transactions: What’s Next For SHIB Price? appeared first on Coinpedia Fintech News
Shiba Inu has seen notable price fluctuations, challenging Dogecoin’s dominance. Beginning the year below $0.000010, SHIB surged over 450%, reaching a high of $0.000045 by mid-February. However, it remains 70% under its peak price from 2021. Recently, whale interest in SHIB has soared, even as Dogecoin shows bearish on-chain metrics. Analysts suggest that DOGE investors …
For the past week, a controversial celebrity token trend has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing interest in cryptocurrencies. Related Reading: Is Solana Preparing For Liftoff Or Meltdown? Analysts Forecast SOL’s Future The latest star to join the celebrity token frenzy is Australian rapper Iggy Azalea, who saw a controversial launch similar to Caitlyn Jenner’s JENNER token. Who Is Solana? On Monday, Azalea surprised the crypto community by showing interest in cryptocurrencies. The rapper and model posted on X asking, “Who is Solana? I don’t know that bitch.” The post has gathered over 1.8 million views and caused controversy in different communities. “Stan Twitter” interpreted the post as a drag to American R&B singer SZA, which caused many fans to attack Azalea. However, the rapper quickly clarified the issue, replying, “Girl, I’m talking about crypto.” After that, Azalea found her introduction to the crypto community overshadowed by the allegations of her involvement with alleged scammer Sahil Arora. As reported by NewsBTC, Arora was allegedly responsible for the launch of several celebrity and influencer tokens, which he ultimately rugged. Rapper Rich The Kid and Olympian Caitlyn Jenner called him out for scamming them and taking advantage of their followers. Both celebrities continued their crypto journey, promoting their tokens and engaging with community members. Following the scam allegations, Arora seemingly has continued to take advantage of crypto investors. Azalea is accusing the alleged serial scammer of “using her image” as the rapper distances herself from his practices. In The Fastlane From Music To Crypto Azalea explained that Arora and her team had a conversation regarding crypto, but her recently launched token was unrelated to him. Allegedly, Arora had fabricated fake screenshots and used the rapper’s name to raise over $380,000 in a presale for a token named IGGY. As an X user reported, Arora claimed to be working with the Australian rapper on Telegram. He stated that his next “mega launch” would happen in the next 12-24 hours. After raising 2.246 Solana (SOL), the alleged scammer told investors they would get “automating WL to all further launches.” Additionally, investors would receive a “10% SOL airdrop rationally” from Arora’s profits on each launch and an “airdrop of $iggy when we hit $10m market cap.” However, Azalea launched a different Solana-based token called MOTHER on Tuesday. The token references the LGTBQ+ culture term that got popularized in recent years in online stan culture. Azalea’s token was launched only a few hours after Arora’s IGGY token, which confused investors. After being asked, the rapper explained that she launched her Solana-based token to stop Arora from taking advantage of her name: I never had a date to, it was something I had interest in hence the convo with my ppl. He made a weird presale yesterday and said I was making a coin with him today so I decided to drop one so he couldn’t use me for his weird scam. If I have a coin of my own figured his would die. It’s that simple. The community continued questioning her links to Arora after posting an Instagram story with a man looking like him. However, it was later revealed that the individual was Azalea’s brother, Mathias Kelly. MOTHER Beats IGGY According to Solana Floor, MOTHER reached a market cap of $50 million at its peak. The token soared by 63,000% in the following hours, going from $0.00004968 to $0.03179. In the last 16 hours, the token has amassed a trading volume of $126.8 million. At writing time, MOTHER is trading at $0.01634, representing a 21,000% surge from its launch price. Related Reading: Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge? In comparison, Arora’s IGGY token saw its price soar to $0.009288 after launch before plummeting below the $0.00020 range. Currently, the scam token trades at $0.0001354 and has a market capitalization of $134,000. Featured Image from Wikipedia.com, Chart from TradingView.com
In a remarkable turn of events that has seen the Shiba Inu price surge while the market is struggling, it overtook Cardano in terms of market cap. This means that Cardano lost its position in the top 10 cryptocurrencies for the first time in more than a year. Shiba Inu Sees 15% Daily Surge In […]
The freshly sentenced former FTX executive said in tweets that he’s been unfairly treated, but also claimed he's not a "victim."
Quick Take The Hash Ribbon chart by Glassnode is a market indicator that identifies potential bottoms in Bitcoin’s price by analyzing miners’ behavior. Specifically, it suggests that Bitcoin reaches a bottom when miners capitulate, meaning mining becomes unprofitable relative to the costs. The key signal from the Hash Ribbon occurs when the 30-day moving average […]
The post Bitcoin miner capitulation: 14 days in, compared to 41-day average over the past 5 years appeared first on CryptoSlate.
Cathie Wood of ARK Invest declares Bitcoin the top investment choice, highlighting its role as a global monetary system and its unstoppable growth.
The post Cathie Wood chooses Bitcoin over Ethereum, ‘Hands Down’ appeared first on Crypto Briefing.
PayPal said it has expanded its US dollar stablecoin PYUSD to the Solana blockchain network to empower its users with fast, secure, and cheaper stablecoin transactions, according to a May 29 statement. Solana corroborated this development in a separate statement, adding that PYUSD holders would enjoy a “high throughput and speed of settlement” and a […]
The post PayPal banks on Solana’s stablecoin dominance to bolster PYUSD adoption appeared first on CryptoSlate.
From Eminem to Snoop Dogg, Drake and Tom Holland — a leaked price list suggests JENNER token ‘scammer’ claimed to provide access to them all.
A OnePoll survey found that more than three-quarters of adult gamers have never heard of blockchain gaming or have never played a blockchain video game, indicating a huge untapped opportunity.
Gemini has announced a $2.18-billion distribution to its Earn program users 18 months after it suspended withdrawals.
Mastercard Crypto Credential now allows easy crypto transactions with aliases, enhancing security and compatibility for users.
The post Mastercard unveils its ‘name service’ for crypto transactions appeared first on Crypto Briefing.
Insiders profit $2 million from Iggy Azalea's Mother Iggy coin before her endorsement, amidst concerns of insider trading in meme coins.
The post Iggy Azalea-endorsed meme coin delivers $2 million profit to insiders appeared first on Crypto Briefing.
The recent upward movement has led the price of WIF to continue its rally above the 100-day Simple Moving Average (SMA). This movement comes after it fails to break below the $1.03 support level. With a current market capitalization of $3.9 billion and a 24-hour trading volume of over $1.5 billion, WIF has been dominating the meme world alongside other meme coins like PEPE and DOGE since the start of this recent move. As of the time of writing, the price of WIF was up by 21%, trading around $3.97 above the 100-day moving average in the last 24 hours. WIF On The 4-hour Chart From the 4-hour timeframe chart, it can observed that the price of WIF is actively trading above the 100-day moving average, suggesting that the WIF is on a bullish trend and could continue to move upward. Also, looking at the 4-hour MACD indicator, it can be observed that the MACD histograms are trending above the MACD zero line with good momentum. The MACD line and the MACD signal line are also seen moving above the MACD zero line with a good spread from each other. Given the significance of this MACD pattern, it is possible that WIF’s price will continue to rise and the market is still overwhelmingly positive. On the 1-day time frame, WIF is actively bullish as the price has previously dropped two bullish candlesticks leading to its continuous upward movement today. Furthermore, the 1-Day MACD indicator is giving a bullish sign as the MACD histograms are seen trending above the MACD zero line with good momentum and both the MACD line and the MACD signal line have crossed above the zero line with a good spread between them. From the MACD formation, it can be suggested that WIF’s price might move upward even further. Future Actions Currently, there are two resistance levels of $4.34 and $4.86 ahead of price. Should the price continue to move upward and break above the $4.34 level, it might move further to test the $4.86 resistance level. Also, if it breaks this level, it might trigger a rally to create a new high. However, if the price fails to break through at any of these resistance levels, it might start a downward correction toward the $2.25 support level. A break below this level might cause a deeper correction to test the $1.78 support level. Featured image from YouTube, chart from Tradingview.com
Ripple Labs announced today a $25 million contribution to Fairshake, a federal super PAC committed to promoting pro-crypto political candidates with focus on the US presidential election. This contribution marks the second $25 million donation by Ripple to Fairshake, cumulatively making it the super PAC’s largest donor with a total of $50 million invested in […]