US Treasury Secretary Bessent has confirmed that the government is not planning to buy Bitcoin at this time. His remarks put to rest speculation about potential US entry into the crypto market. While acknowledging the growing role of digital assets, Bessent emphasized that the Treasury’s current focus remains on regulation and oversight rather than direct …
September has earned a dark nickname in the crypto world, “Rektember,” a month when digital asset prices often stumble. While past years have seen sharp declines, 2025 could bring either the same pain or a surprise twist. Dan from Coin Bureau believes unique global and market factors might change the pattern, but early signs of …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s price experienced a sharp pullback on Aug. 14, dropping below $120,000 less than a day after reaching a new all-time high above $124,000. According to CryptoSlate data, BTC fell to $118,479 at press time, marking a 2.07% decline on the 1-hour candle and 5% from its 24-hour peak. The sudden dip rippled across the […]
The post Bitcoin’s 5% flash crash to $118k triggers $577 million liquidation in 1 hour appeared first on CryptoSlate.
Coinbase has completed its acquisition of Deribit, a top crypto options trading platform with approximately $59 billion in open interest and a record $185 billion in monthly trading volume in July. Deribit recorded over $1 trillion in trading volume last year, making it a dominant player in the crypto derivatives market. This acquisition enables Coinbase …
Ether outperformed last month as volumes, ETF flows hit records, the report said.
Vietnam’s police said they arrested 20 people in the country’s largest crypto scam, a multibillion-dollar Ponzi scheme built around Paynet Coin.
Turkish cryptocurrency exchange BtcTurk, the country’s second-largest and oldest, has been hacked, with over $48 million worth of assets stolen. The attacker has completed transferring the stolen funds and started exchanging them. In response, BtcTurk has suspended all cryptocurrency deposits and withdrawals while investigating the breach. The hack affected multiple blockchains, including Ethereum, Avalanche, and …
Strategy (formerly MicroStrategy) and El Salvador showcased huge paper gains from their Bitcoin holdings after the flagship crypto surged to a new all-time high above $124,000. Strategy’s Bitcoin holdings reach ATH On Aug. 13, Strategy Chairman Michael Saylor announced that the company’s Bitcoin portfolio had reached a record high of $77.2 billion. This nearly doubles […]
The post Strategy and El Salvador saw massive gains as Bitcoin hit new peak appeared first on CryptoSlate.
The SUI price has once again approached the $4 resistance zone, after rebounding from August lows. Its recent strength is fueled not only by technical recovery but also by a wave of ecosystem growth, exchange listings, and institutional interest. SUI Price Chart Signals Strong Resistance Test Looking at the SUI price chart, the token has …
Stellar (XLM) joined Uniswap (UNI) as an underperformer, shedding 6% from Wednesday.
The US Securities and Exchange Commission gave regulatory greenlight to another crypto ETF. It accepted the filing for Invesco Galaxy Spot Solana ETF, a proposed exchange-traded fund (ETF) designed to track the spot price of Solana (SOL). SEC Acknowledges Filing for Invesco Galaxy Spot Solana ETF Invesco Galaxy Solana ETF initially filed an application on …
A sophisticated cyber operation is quietly infiltrating remote tech jobs worldwide. Blockchain investigator ZachXBT uncovered a major leak from a DPRK IT worker’s device showing a small team of five managing 30+ fake identities, with government IDs and purchased Upwork/LinkedIn accounts to obtain developer jobs at projects. They also claimed experience at top blockchain companies …
For much of late 2024 and early 2025, many in the crypto world believed XRP could overtake Ethereum in market capitalization. The belief grew after XRP’s powerful rally late last year, which saw it outperform most major coins while Ethereum struggled to hold key price levels. At the time, market analysts were confident the gap between the two would soon close. Now, one of the most vocal supporters of the flippening, a popular analyst known as Charting Guy, has reversed his position and says it’s unlikely to happen anytime soon. Analyst Backtracks On XRP Flippening Ethereum Prediction Charting Guy pointed to the period between November 2024 and January 2025, when XRP surged nearly 600%, while ETH barely moved and even dropped to lows of $1,385 in April. During that time, XRP’s price strength and rapid market cap growth, increasing about seven times in just weeks, led many to believe it could become the top altcoin. Related Reading: The Grand Bitcoin Roadmap: Crypto Expert Says $160,000 Still In The Works However, in a post this week, Charting Guy admitted, “that is no longer the case.” He explained that he re-entered Ethereum in April, near its lows, and since then, ETH has shown “immense strength.” As of today, Ethereum is trading just 10% below its all-time high of $4,891, reaching $4,784 earlier in the day. Its current price of $4,736 marks a 239% increase from its April low. The surge pushed Ethereum’s market cap to $572 billion, compared to XRP’s $193 billion. The gap between them, now more than $368 billion, has grown significantly since July 13, when it was under $200 billion. Charting Guy says Ethereum’s strong performance has made a flippening far less realistic, at least in the near term. Ethereum’s Strength Leaves XRP Playing Catch-Up In the past four weeks alone, ETH has jumped 52%, while XRP’s growth has largely stalled. Even if XRP were to rise 2.5 times from its current price of $3.22 to roughly $8, its market value would be around $477 billion, still far short of Ethereum’s current level. Related Reading: Raoul Pal Says He’s Been Long XRP For 4 Years After Calling It A “Moron” Trade Charting Guy also pointed out that for XRP to match Ethereum’s current market cap, it would need to reach $9.30, and that’s assuming ETH stops moving entirely while XRP rallies 3x. In his view, that scenario is “rather unlikely.” He warned against listening to “moon boys” who push unrealistic XRP price targets while ignoring Ethereum’s continued strength. Instead, he advises investors to hold both assets, arguing that being too focused on one coin leaves traders exposed if the market moves in a different direction. He stressed that Ethereum’s strong rally was overdue, as it had been playing catch-up to Bitcoin for most of the season. What once seemed like a real possibility now appears distant as Ethereum gains momentum. While XRP still has room to grow, it’s clear that Ethereum is not standing still, making the race between them more one-sided for now. Featured image from Dall.E, chart from TradingView.com
Framework Ventures leads Series A for GPU-collateralized stablecoin protocol USD.AI
The Dinari Financial Network will serve as a coordination layer for tokenized equities, with a group of institutions such as VanEck, BitGo and Gemini operating validators.
Gemini users can now access Web3 and DeFi ecosystems with social recovery, gas sponsorship, and integrated trading support.
Inflation at wholesale level in the U.S. in July sped up far beyond economist forecasts, calling into question expectations for lower interest rates.
Bitcoin spot exchange-traded funds are on pace to hold more than 1.5 million BTC by year-end if current inflow rates persist, according to holdings data tracked by WalletPilot. This would allocate more BTC to ETFs than most estimates for lost coins, which stand around 1.4 million BTC. U.S. spot ETFs collectively hold about 1.296 million […]
The post Bitcoin ETFs to lock up 1.5 million BTC by New Year as supply squeeze tightens grip appeared first on CryptoSlate.
Spar will launch crypto and stablecoin payments across 300 Swiss supermarkets via Binance Pay and DFX.swiss, marking a retail first for the country.
After reaching a fresh all-time high earlier this month, XRP’s momentum has slowed, with the price consolidating around $3.23. While the overall crypto market continues to climb, weakening on-chain activity and fresh allegations of market manipulation are giving traders reason to pause. Many now fear a drop in XRP’s price due to its falling market …
Blockchain sleuths flag suspicious multi-chain transfers from the Turkish exchange, prompting a suspension of deposits and withdrawals.
The decision to halt new crypto acquisitions may stabilize government reserves but could impact market dynamics and investor confidence.
The post Trump’s Treasury Secretary Scott Bessent rules out new acquisitions for crypto reserve appeared first on Crypto Briefing.
US Treasury Secretary Scott Bessent confirmed that the United States holds up to $20 billion worth of Bitcoin as part of its digital asset reserves. This significant holding reflects the government’s ongoing involvement in the cryptocurrency space and underscores Bitcoin’s growing role in financial markets. The announcement highlights a new era of digital asset recognition …
Four people who kidnapped and held a Brazilian woman until her son paid a ransom of five bitcoins have been arrested.
The hacker behind the Radiant Capital $58 million October 2024 exploit now holds $103 million in Ether since the asset’s price almost doubled.
The Ethereum Foundation's clarification highlights the importance of transparency and trust in managing digital assets to maintain investor confidence.
The post Ethereum Foundation clarifies no connection to recent ETH sale appeared first on Crypto Briefing.
Securitize President Michael Sonnenshein discusses the rise of tokenized securities and the impact of shifting regulatory attitudes.
ICP posts 5% swing before consolidating, after security concerns gripped the ecosystem.
Despite the price decline, whale accumulation of PEPE continued, with the top addresses on Ethereum increasing their holdings by 1.5% in the last 30 days.