Standard Chartered has partnered with Animoca Brands and Hong Kong telecom group HKT to establish Anchorpoint Financial, a joint venture applying for a license to issue a Hong Kong dollar-backed stablecoin under the city’s new regulatory regime. As Reuters reported, the venture formally notified the Hong Kong Monetary Authority (HKMA) of its intent just days […]
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The Solana memecoin launchpad says its new Glass Full Foundation will inject liquidity into select ecosystem tokens.
The headlines were buzzing, but SBI Holdings says it’s not true – at least not yet. The Japanese financial giant has denied claims that it has already filed for crypto exchange-traded funds (ETFs), including a dual Bitcoin-XRP product. Here’s the full truth. No ETF Filings Yet, Says SBI Holdings Reports earlier this week suggested SBI …
An SBI Holdings representative told Cointelegraph that the company had not filed any crypto-asset ETF applications.
Ripple and the US Securities and Exchange Commission (SEC) have agreed to formally end their appeals in the high-profile lawsuit that has dragged on for nearly four years. In a joint filing on Aug. 7, both parties confirmed they will withdraw their appeals following a Commission vote. Ripple’s Chief Legal Officer, Stuart Alderoty, said the […]
The post Ripple and SEC settle, sparking XRP’s 10% rally and BlackRock ETF speculation appeared first on CryptoSlate.
The $4,000 level has remained elusive for Ethereum even after rallying 40%+ in the months of May and July. The fact that the altcoin has been unable to clear this level points to this being the resistance to beat if Ethereum is to continue its uptrend. It also shows that there are forces keeping the altcoin from breaking this $4,000, and one market expert has attributed this to hedge funds, who have a unique interest in holding the price below $4,000. What Ethereum Above $4,000 Means For Options Traders In an X post, trader and market analyst Glen Goodman unveiled another angle to the beatdown that the Ethereum price has continuously suffered at the $4,000 level. This elusive price tag remains the singular hindrance to the ETH price possibility breaking its $4,800 peak from 2021, and its continuous trading below this price tag could be intentional. Related Reading: Bitcoin Could See Another Crash To Fill This Imbalance Before Rally To $120,000 Goodman’s post focuses on options traders and the hedge funds which they are betting against. Basically, since the hedge funds are still short Ethereum at this point, they need to suppress the price and keep it from reclaiming $4,000 in order to keep their positions in a profit. These professional traders or hedge funds are the ‘sellers’ who write the options, and they get a premium for doing so. Then the options buyers are paying a premium to the sellers as they are betting on the price of Ethereum actually going up above $4,000. So, every time the Ethereum price does reach $4,000, it gets beaten down so hedge funds can continue to profit from the premiums being made from buyers. What Happens If ETH Clears $4,000? In the event that the Ethereum price does cross $4,000, it means that the hedge funds will start to lose money, and the options buyers will begin making money. As the crypto trader explains, the higher the ETH price goes, the more money the options buyers make and the more money the hedge funds lose. This is why there always seems to be a violent pullback every time Ethereum comes close to $4,000 as the hedge funds continue to short it. Related Reading: Dogecoin Price Crash Could End Soon With A Roadmap For $5 Goodman explained that the hedge funds have been able to use this strategy to keep the Ethereum price below $4,000 and remain in profit. However, with each time that the altcoin comes close to the $4,000 level, the probability of breaking above it becomes higher. Over the long term, Ethereum’s price breaking $4,000 is incredibly bullish. “Strong resistance kicks in at $4000, so the price could really fly if it beats all the resistance in the early 4000s,” Goodman explained. Featured image from Dall.E, chart from TradingView.com
CrediX team appears to have executed an exit scam following a $4.5 million exploit, with the project’s X account inactive and website offline.
Pi Network is reshaping its token distribution strategy, opting for a compliance-driven model over the typical crypto playbook of mass exchange listings. The blockchain project is now directing Pi tokens through Know Your Business (KYB)-approved partners, including Banxa, TransFi, Onramp.Money, and Onramper, all of which operate across more than 100 countries with 170+ payment methods. …
Chainlink (LINK) is making headlines after a strong rally lifted the token to $19.15, marking a 15% daily gain and pushing its market cap near $13 billion. From a new reserve program to whale buying and bullish chart signals, several factors are fueling this rally, as analysts believe it might just be the beginning. Let’s …
ETH’s price appreciation has also been supported by the growing number of public “crypto treasury companies,” or firms that buy and hold tokens directly or through dedicated vehicles.
Two Seas Capital described the valuation as "inadequate" and urged other Core Scientific shareholders to also oppose the deal.
The U.S. Securities and Exchange Commission (SEC) is currently reviewing several applications for XRP-based exchange-traded funds (ETFs). It is expected to announce its final decision on most of these applications by October 2025. But there are some factors that create a strong bullish environment that can improve the likelihood of XRP ETF approval soon. Three …
A crypto trader said early Bitcoin investors very likely wouldn’t have the conviction to hold onto the cryptocurrency for over a decade through its many sharp corrections.
An analyst has pointed out how Dogecoin has entered into a zone that kicked off major bull runs for the memecoin in the past. Dogecoin Is Trading Near Lower Level Of Historical Ascending Channel In a new post on X, analyst Ali Martinez has talked about how the weekly Dogecoin price has entered into a historically important buy zone. Below is the chart shared by Martinez, showing this trend. As is visible in the graph, the Dogecoin weekly price has roughly followed an Ascending Channel over the past decade. The “Ascending Channel” here refers to a technical analysis (TA) pattern that forms when an asset trades between two parallel trendlines angled upward. Related Reading: Bitcoin Short-Term Holders Are Capitulating—Will June Pattern Repeat? The upper line of the pattern tracks successive higher highs in the price, while the lower one connects higher lows. The former is considered to be a source of resistance and the latter that of support. Though, while this may be so, Dogecoin has dipped under the lower line of its long-term Ascending Channel a few times over the years, with the latest instance coming this year. That said, in each of these occurrences, the asset found support at a trendline a bit below the Ascending Channel’s lower level. The analyst has described the shaded area between the two lines as a “historically strong buy zone.” From the chart, it’s apparent that multiple major bull runs in DOGE found their start after the price retested this zone. At present, the token is trading inside the area, with recent attempts to re-enter the Ascending Channel ending up in failure. It now remains to be seen whether a breakout into the channel would follow for Dogecoin and potentially kick off another rally, or if this cycle would break the pattern. Related Reading: Dogecoin Whales Buy The Dip: $1 Billion DOGE Added The Ascending Channel is just one type of pattern with parallel trendlines that exists in TA. When the asset’s consolidation occurs toward the downside instead, the formation is known as a Descending Channel. As pointed out by Martinez in another X post, another memecoin, Pudgy Penguins (PENGU), has broken out of such a channel recently. As displayed in the above chart, the 1-hour price of Pudgy Penguins was sliding down inside the Descending Channel during the last two weeks, but it has just found a surge above its resistance line. “PENGU targets $0.041 after breaking out of a descending channel!” says the analyst. DOGE Price At the time of writing, Dogecoin is trading around $0.21, up almost 4% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com
Ripple Labs and the SEC filed a joint stipulation of dismissal for their appeals, bringing the five-year SEC vs. Ripple case to a close. This agreement leaves in place the 2023 ruling that XRP secondary market sales aren’t securities, but maintains Ripple’s liability for institutional sales. Each side will bear its legal costs. However, the …
Crypto bulls are eyeing $120,000 for BTC and $4,000 for ETH after this week delivered bullish cues across ETF flows and macro, an analyst says.
A cybercrime group dubbed “GreedyBear” has stolen over $1 million in crypto using hundreds of fake wallet extensions, malware types and scam websites, Koi Security said.
After months of ups and downs, Bitcoin miners are finally under less pressure to sell. CryptoQuant analyst Axel Adler Jr says the market is now out of its “stress zone,” but it’s still not showing the big rallies we’ve seen before. He also warns that the $115,000 level could be a danger zone for the …
Pump.fun has introduced the Glass Full Foundation to provide substantial liquidity support to its most active and promising communities. The foundation’s goal is to speed up development on the Solana network by backing several projects already, with more funding planned in the future. This initiative aims to drive innovation and strengthen the Solana ecosystem through …
Tornado Cash co-founder Roman Storm faces decades in prison if prosecutors retry deadlocked charges in a high-profile case.
A memecoin group said it’s behind a recent trend of sex toys being thrown during WNBA games, which has seen two men arrested for allegedly taking part.
Pi Network is seeing a slight recovery today, with its price up over 5% and currently trading at $0.3662. While this may be a relief for holders, the token is still down more than 21% over the past 30 days. The bigger picture shows how steep the fall has been. On February 26, 2025, just …
China orders brokers and research groups to halt promoting stablecoins, including canceling seminars and reports, as Beijing's skepticism persists.
Tron (TRX) has recorded notable price gains over the past month, rising by nearly 20% in the past 30 days. Currently trading at around $0.3392, the asset has also posted a 1.5% gain in the past 24 hours. These developments occur amid growing on-chain activity, particularly driven by the increased use of the TRON network for Tether (USDT) transactions, positioning the blockchain as a major player in the stablecoin infrastructure space. One of the key observations has been the network’s sharp rise in USDT transaction volume. According to CryptoQuant contributor Arab Chain, TRON processed over 8.29 million USDT transactions in the week ending August 3, 2025. This figure not only indicates heightened activity but also reveals the diversity of transaction sizes across the network. Transfers between $101 and $1,000 made up the largest proportion at 38.66%, with significant activity also observed in transactions exceeding $1,000. Related Reading: TRON Inc. Plans $1B Buyback of 3.1B TRX Tokens Amid Price Resilience at $0.33 TRON’s Dual Adoption: Retail and Institutional Activity on the Rise Arab Chain emphasized that this distribution highlights TRON’s appeal across different user groups. The presence of mid-sized transactions suggests usage by freelancers, online vendors, and remittance users. In contrast, the substantial number of larger transactions implies participation by institutional traders, high-net-worth individuals, and potentially corporate entities. The analyst also noted a decline in transactions below $10, suggesting a reduced reliance on micro-payments or testing activity and a pivot toward practical use cases. The growing use of TRON for real-world settlement purposes is reinforced by its infrastructure, which supports low-cost, high-volume stablecoin transactions. Unlike networks that cater predominantly to large institutional transfers, TRON’s environment facilitates both high-frequency and high-value transfers. Arab Chain stated that this makes TRON a core component in enabling digital commerce, payroll systems, and cross-border payments. Meanwhile, CryptoQuant analyst Burak Kesmeci linked TRX’s recent momentum to regulatory developments in the United States. On July 18, 2025, the US Congress passed the GENIUS Act, marking the first formal federal regulatory framework for payment stablecoins. Kesmeci noted that this legislation provides a clearer legal foundation for dollar-backed digital assets by establishing guidelines for anti-money laundering (AML), consumer protection, and financial stability. Post-GENIUS Act: TRON Expands USDT Dominance Following the passage of the GENIUS Act, TRON moved swiftly to expand its footprint. According to Kesmeci, approximately $1 billion worth of new USDT was minted on the TRON network shortly after the bill became law. This increased TRX’s share of the total circulating USDT supply to over 83 billion out of 163 billion, accounting for approximately 51% of all USDT in circulation. The analyst suggested that this reinforces TRON’s position as the leading blockchain for stablecoin transfers. The GENIUS Act may catalyze stablecoin adoption in the US, with TRON expected to benefit due to its efficiency in handling stablecoin transactions. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? As more institutions and users seek reliable, low-fee solutions for digital payments, TRON’s role in the growing ecosystem of tokenized dollars might just continue to expand. Featured image created with DALL-E, Chart from TradingView
President Trump has signed two key executive orders aimed at protecting Americans and promoting crypto. One order stops banks from refusing services due to political, religious, or crypto-related reasons, directing regulators to address unfair banking discrimination. The other opens the $12.5 trillion 401(k) retirement market to cryptocurrencies and alternative investments, offering more options for retirement …
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their nearly five-year legal dispute by jointly dismissing all remaining appeals in the XRP case. The 2023 court ruling stands: XRP sold on public exchanges is not a security, though some institutional sales were classified differently. Ripple agreed to pay a $50 …
Animoca Brands has partnered with Standard Chartered Bank and HKT to launch Anchorpoint Financial Limited. The new venture is set to apply for a stablecoin issuer license under Hong Kong’s recently implemented Stablecoins Ordinance, which came into effect on August 1. By combining their strengths in blockchain, banking, and telecom, this joint effort aims to …
The move comes amid growing demand for enhanced security and efficient trading, with other crypto exchanges exploring similar solutions.
Crypto trading platform Kraken now allows American users to make instant USD deposits via PayPal. The integration has already shown strong traction during its soft launch, with over $1 million in deposits already processed. Kraken Facilitates Seamless Transaction With PayPal The new feature allows US clients to facilitate speedy trading without the need for traditional …
Ethereum co-founder Vitalik Buterin has welcomed the rise of ETH treasury companies, saying they open the door for a broader range of investors to gain exposure to ETH. However, he cautioned that the trend could backfire if it turns into an “overleveraged game.” Speaking on the Bankless podcast, Buterin noted that these treasury firms, public …