This follows Gemini’s opening of its first permanent office in London, highlighting the company’s effort to expand its presence in the region.
Bitcoin is repeating earlier BTC price behavior, analysis suggests as a Coinbase Premium comeback joins positive ETF flows for a crypto market rebound.
Canary is seeking the SEC's approval to list and trade an ETF that tracks the price of a memecoin linked to President Trump.
The Solana-based meme coin consolidates near $0.0000205 after a corporate financing deal boosts market confidence.
Polymarket lands Trump Jr. investment and advisory role, placing him on both sides of the top US prediction markets with Kalshi.
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Alongside, Trump Jr. will join the Polymarket advisory board.
Bitcoin’s recent breakdown has rattled traders, with the price slipping below key support levels and sparking fresh concerns over the market’s direction. While a relief bounce may occur, many crypto analysts warn it could be nothing more than a trap before deeper losses unfold. Bitcoin Loses Key Horizontal Support, Signals Weakness In a recent update on X, Alpha Crypto Signal highlighted that Bitcoin has now lost its crucial horizontal support zone. The inability to reclaim this level quickly underscores weakness in the market, signaling that bearish pressure remains firmly in play. The breakdown, according to the analyst, opens the door for deeper downside movement in the coming sessions. Related Reading: Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market While a minor relief bounce from the $108,000 region could occur, it is unlikely to shift the broader outlook. Unless Bitcoin reclaims the broken support level with conviction, any short-term upward moves may only serve as setups for further decline. This suggests that bulls could struggle to regain control unless a decisive recovery materializes. The analyst further noted that the current structure favors sellers, with bounces seen as opportunities for short entries rather than signals of a potential trend reversal. This aligns with the broader bearish momentum observed across Bitcoin’s price action since the loss of its support base. As it stands, the bias remains firmly bearish, with lower targets likely to remain in play until Bitcoin proves otherwise by reclaiming the lost horizontal support. BTC Slips Below The 100 EMA: A Bearish Signal Unfolds According to Cryptorphic, Bitcoin has fallen below the 100 EMA on the daily chart, a level widely regarded as a key trend indicator. The analyst explained that this breakdown is not a favorable sign for the bulls, as it often signals weakening momentum and the possibility of a deeper pullback. Related Reading: Bitcoin Price Faces Heavy Obstacles on Its Recovery Journey This recurring pattern adds weight to the current bearish outlook, reinforcing the idea that the market may need to absorb additional downside pressure before stabilizing. With the loss of this support, Cryptorphic pointed out that the next area of interest lies around $103,000, where further correction could find temporary stability. In conclusion, the crypto analyst made it clear that his focus will remain on whether Bitcoin can swiftly reclaim the 100 EMA in the coming sessions. A strong recovery above this level, he explained, would help preserve the broader uptrend and restore confidence among market participants. However, failure to reclaim the 100 EMA would likely allow bearish momentum to build further, increasing the risk of extended declines and testing lower supports. Featured image from Getty Images, chart from Tradingview.com
Traders piled into short positions against WLFI as the Trump-linked DeFi token debuted on Hyperliquid, sending its price tumbling more than 44% in hours.
Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance.
The undisclosed incident raises concerns about transparency and trust in Crypto.com, potentially impacting its reputation and user confidence.
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A coalition of 44 state attorneys general have written to 13 AI firms demanding they protect children from sexually suggestive chatbot content.
Solana is increasingly at the center of discussions around the future of stablecoins. There is a growing debate on whether this fast, high-capacity blockchain could rival Ethereum as interest continues to grow in Solana. Let us take a closer look at what the experts got to say and why Solana is drawing so much attention …
Trump Media Group has reached a deal with Yorkville Acquisition Corp., a Nasdaq-listed blank check company, to form a new entity focused on acquiring and holding Cronos’s CRO token, according to an Aug. 26 statement. The proposed company, Trump Media Group CRO Strategy, will be capitalized with around $6.42 billion, which is a mix of […]
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Tokyo-based Monex Group is weighing the launch of a yen-pegged stablecoin, with its chairman, Oki Matsumoto, citing the need to keep pace in digital finance.
The firm said it has roughly $200 million in untapped cash for further ETH acquisitions.
SharpLink has expanded its Ether treasury to almost 800,000 ETH after last week’s $252 million purchase, while also approving a $1.5 billion stock buyback plan.
FIL trading volume was 75% above 30-day averages, signaling heightened institutional interest.
Pro-XRP lawyer Bill Morgan has called out Jorge Tenreiro, who was the lead counsel in the Ripple case. This follows the conclusion of the long-running legal battle between the crypto firm and the U.S. SEC. XRP Lawyer Calls Out Counsel In Ripple Case In an X post, Bill Morgan revealed that the lead counsel for the SEC in the Ripple case is now a partner at a major law firm. The pro-XRP lawyer further stated that Tenreiro’s profile refers to some of his courtroom successes in crypto enforcement. However, he noted it oddly overlooks and does not mention his two-thirds loss in the Ripple case and the appeal he filed, which the SEC agreed to dismiss. Related Reading: SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe In line with this, Morgan declared that even Tenreiro knows that Ripple succeeded in what matters. He said that he will always remember the lead counsel for running an “unsustainable legal theory” that XRP was a security, which Judge Torres ruled against by stating that the altcoin in itself is not a security. Meanwhile, the pro-XRP lawyer alluded to the lead counsel’s attempt to smear John Deaton’s character before the court in the Ripple case. Deaton was actively involved in the case as an amicus curiae, supporting the crypto firm in its case against the Commission. Notably, Tenreiro spearheaded other crypto cases during his time at the SEC. He brought the enforcement actions against Binance, Terraform Labs, and Sam Bankman-Fried in the FTX case. Just like the Ripple case, the Binance case has also been dropped, while Tenreiro and his team received a favorable ruling in the Terraform case. Notably, he was reassigned to the IT department when the Trump administration came into office. This was before Tenreiro’s exit from the SEC. XRP Lawsuit Finally Concludes The Ripple SEC lawsuit has finally concluded after almost five years, since the Commission first instituted the case. This development follows the U.S. Appeals Court’s approval of the Joint Stipulation of Dismissal from the crypto firm and the Commission. With this, the SEC and Ripple have now dropped their appeal and cross-appeal cases, respectively. Related Reading: XRP Price Crashes After SEC Denies XRP ETFs, What Are The Next Important Dates? The next move will be for Ripple to fulfill its $125 million monetary judgment that Judge Torres ordered against it in her final ruling due to its securities violations. The crypto firm will have to pay the complete sum, as Judge Torres decided not to adopt the settlement agreement that both parties had reached earlier in the year. Under the settlement agreement, Ripple would have only had to pay $50 million out of the $125 million. At the time of writing, the XRP price is trading at around $2.94, down almost 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
The crypto market has turned red, leaving many investors asking what’s next and which altcoins could be worth buying. While Bitcoin struggles to break past the $112K resistance, popular trader Crypto Banter believes the spotlight may soon shift toward altcoins. In his latest update, Banter highlighted a handful of coins that he thinks are preparing …
Recently, the TAO price has been at the center of attention in recent weeks, as Bittensor continues to dominate AI-driven crypto discussions. While social sentiment around the project remains strong, its price dynamics tell a different story, showing persistent challenges. Current market conditions suggest TAO price is in a critical phase, navigating between bearish pressure …
Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission to launch a Trump Coin ETF. This fund aims to offer investors exposure to cryptocurrencies linked to the U.S., including Trump-branded digital assets. The ETF will be part of Canary’s broader strategy to focus on American-made crypto projects, trading under …
Developers are sharing stories related to concerning BigQuery pricing strategies, which charged multiple developers with a $5,000 bill for a single query.
Tron has officially integrated with deBridge, enabling fast and secure cross-chain asset transfers. This integration connects Tron’s large user base to over 25 blockchain networks, supporting seamless movement of tokens like ETH, USDC, and SOL. deBridge’s zero-TVL architecture ensures native asset transfers with no wrapped tokens or slippage risks, providing real-time execution and strong security. …
Since the beginning of June, ether treasury companies and ETH ETFs have purchased a massive 4.9% of the crypto's circulation, the bank's Geoff Kendrick said.
Like an athlete who has been on the juice too long, the U.S. economy could start seeing diminishing returns from rate cuts and fiscal spending — and more side effects.
Platforms are capping bug bounty rewards to cut costs, creating dangerous incentives that could lead to billion-dollar crypto hacks instead of disclosures.
The venture could significantly influence the digital economy by integrating decentralized finance and tokenized assets into mainstream markets.
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YZi Labs has made a strategic investment in USD AI, a synthetic stablecoin protocol backed by computing resources, AI hardware, and network nodes. The exact investment amount was not disclosed. USD AI previously raised $13 million from investors such as Framework Ventures, Dragonfly, Bullish, and Arbitrum. This investment aims to support USD AI’s innovative yield-bearing …
Cardano (ADA) was also an underperformer, declining 1.8% from Monday.
Bitcoin bulls are still feeling the heat from a giant liquidation cascade. How much can they lose before a BTC price rebound kicks in?