Schwab's crypto trading launch could normalize digital assets in traditional portfolios, potentially sparking fee wars and reshaping market dynamics.
The post Charles Schwab rolls out spot Bitcoin and Ethereum trading for retail clients appeared first on Crypto Briefing.
U.S. Senate Banking Committee is scheduled to hold a markup on Thursday to amend and vote on the Clarity Act.
XRP’s futures open interest has climbed 23% so far in May, a sign that traders are betting bigger on the token even as its price trades roughly 6% below a recent high of $1.50. At $1.46 at the time of writing, XRP is down just nearly a percent in the last 24 hours — yet the money flowing into XRP investment products tells a different story. Related Reading: Strategy Boosts Bitcoin Position With Fresh $206M STRC Injection Institutional Appetite Keeps Growing Spot XRP exchange-traded funds recorded close to $26 million in inflows on Monday alone, the largest single-day figure since January 5. That pushed cumulative net inflows into a new all-time high of $1.35 billion, with total assets under management across spot XRP ETFs now sitting at $1.18 billion. The streak covers five straight days of net inflows. Broader XRP exchange-traded products — a category that includes ETFs and similar investment vehicles — pulled in nearly $40 million during the week ending May 8, according to data from CoinShares. Year-to-date net inflows for that group now stand at $191 million, bringing total AUM to over $2.5 billion. CoinShares head of research James Butterfill described the pace as a “notable acceleration,” attributing part of the momentum to developments around the US CLARITY Act, including a compromise proposal on stablecoin yields released on May 1. Charts Point Toward A Possible Breakout On-chain data is also shifting. XRP’s 90-day spot taker cumulative volume delta has flipped positive, a signal that buying pressure in the spot market is picking up. Social media sentiment around XRP recently hit a two-year high, adding another layer to the bullish picture forming around the token. Several analysts say the price chart supports further gains. One points to XRP bouncing off a multi-month ascending support line, setting up what could be a move toward $1.80. A golden cross on the weekly MACD — a widely watched technical indicator — has been cited as reinforcing that outlook. A more aggressive forecast puts XRP on a path toward $10, drawing comparisons to the token’s Q4 2024 rally after it broke out of a prolonged accumulation range between $1 and $1.30. Price And Open Interest Signal Momentum XRP is up 2.3% in the last week. Futures open interest rising alongside price is generally read as fresh money entering the market rather than short covering — a distinction traders watch closely when assessing whether a move has staying power. Related Reading: Shiba Inu Bullish Momentum Explodes As Buying Pressure Intensifies Data shows XRP ETFs logged their biggest daily inflow in more than four months this week. Whether institutional demand at this scale translates into a sustained price recovery remains to be seen, but the numbers behind the current move are drawing serious attention. Featured image from TopMicrobialStock/Shutterstock.com, chart from TradingView
Increased scrutiny on crypto transactions may lead to tighter regulations, impacting financial institutions' compliance and operational costs.
The post US government alerts banks to IRGC sanctions evasion tactics involving crypto infrastructure appeared first on Crypto Briefing.
HIP-4's unified collateral model enhances capital efficiency but increases systemic risk, challenging traditional exchanges and prediction markets.
The post Hyperliquid’s HIP-4 upgrade enables $400K notional with $50K collateral across markets appeared first on Crypto Briefing.
The delay in suspending beef import tariffs highlights the tension between consumer prices and protecting domestic agriculture, impacting market dynamics.
The post Trump delays plan to suspend tariffs on imported beef as ranchers push back appeared first on Crypto Briefing.
CENTCOM's blockade enforcement heightens geopolitical tensions, influencing market dynamics and complicating diplomatic negotiations with Iran.
The post CENTCOM enforces Hormuz blockade, impacting market expectations appeared first on Crypto Briefing.
The closure exacerbates global oil market volatility, potentially driving prices up and impacting economic stability and energy security worldwide.
The post Iran conflict closes Strait of Hormuz, cutting oil supply by 12.8M bpd appeared first on Crypto Briefing.
The companies signed a business alliance for revenue sharing, referral fees and customer referrals to expand crypto access in Japan.
Nvidia's market cap surge underscores its growing dominance in tech, potentially reshaping competitive dynamics among global giants.
The post Nvidia market cap surpasses $5.5T as stock hits record high appeared first on Crypto Briefing.
Nvidia's unprecedented market valuation underscores the growing influence of tech giants in global economic and geopolitical dynamics.
The post Nvidia stock reaches all-time high as Jensen Huang joins Trump on China visit appeared first on Crypto Briefing.
The U.S. crypto market structure bill is being targeted with dozens of amendments aiming to change or add to the text as its Senate hearing approaches.
The sanctions highlight the US's strategic focus on disrupting Iran's economic networks, potentially straining US-China relations further.
The post US government sanctions three individuals, nine companies aiding Iranian oil shipments to China appeared first on Crypto Briefing.
The protocol, led by veteran BNY executive Anthony Moro, aims to connect real-world assets with DeFi markets, starting with home equity lines of credit and Treasuries.
Built on Magma's Digital Twin Token (DTT) and Brickken's institutional tokenization infrastructure to close the data gap that has held tokenized real estate back.
The proposal could reshape economic equity, influencing global tech policy and investor strategies amid labor tensions and market volatility.
The post South Korea proposes citizen dividend funded by AI profits amid Samsung labor dispute appeared first on Crypto Briefing.
The EU's sanctions on Israeli settlers and Hamas leaders highlight a shift towards stricter Middle Eastern policy alignment and crypto oversight.
The post European Union imposes sanctions on Israeli settlers after Hungary lifts veto appeared first on Crypto Briefing.
Labour's internal strife may destabilize UK politics, affecting leadership dynamics and market predictions for future political outcomes.
The post Wes Streeting eyes Labour leadership as Starmer faces potential ouster by 2026 appeared first on Crypto Briefing.
Paybis has secured both a MiCA crypto licence and a PSD2 payment institution licence from Latvia’s central bank, becoming the first company in the country to hold both simultaneously.
A peer-reviewed audit in BMJ Open found that nearly 50% of health responses from five major AI chatbots were problematic, with fabricated sources and confident delivery.
Bitcoin floats around $80,000 after April core PPI surges 1% MoM — hottest since 2022 — as crypto ETFs bleed and rate-hike odds climb.
The French crypto security firm, which is said to have explored a potential $4 billion U.S. listing, is reassessing its public market plans as volatile conditions weigh on investor appetite for crypto IPOs.
The integration enhances institutional engagement with Cardano, potentially increasing ADA liquidity and influencing network governance.
The post Fireblocks integrates RAW signing with Iagon’s Cardano nodes for institutional ADA access appeared first on Crypto Briefing.
The convertible bond plan risks shareholder dilution, signaling potential financial instability and impacting investor confidence in JX Advanced Metals.
The post JX Advanced Metals shares fall 15% on $1.6B convertible bond plan appeared first on Crypto Briefing.
Bitcoin just fell below $80,000 as a hotter-than-expected US inflation print pushed crypto and equities lower. BTC price slipped from the low $81,000 area into $79,706, with the session low marked near $79,557. The break turned $80,000 from a round-number reference into the first tactical line for intraday structure. The move followed the April US […]
The post Bitcoin price just lost $80k because US PPI hit 6% matching 2022 levels, stoking inflation fears appeared first on CryptoSlate.
Recent polls have shown that registered voters want America to set the rules for global finance, reinforcing why the Senate must act now, explains Smith.
The UK's sanctions highlight a strategic shift towards dismantling shadow banking networks, aiming to curb illicit financial flows and enhance security.
The post UK government sanctions Iran-linked network over attack plots and shadow banking appeared first on Crypto Briefing.
The summit could redefine global tech and energy markets, impacting AI, crypto, and digital currencies, with ripple effects on global trade.
The post Donald Trump to meet Xi Jinping Thursday for high-stakes summit in Beijing appeared first on Crypto Briefing.
Data shows the Ethereum Open Interest has surged alongside the latest retrace in the asset’s price. Here’s what this could mean for the cryptocurrency. Ethereum Open Interest Has Seen A Rise Recently As highlighted by analyst Maartunn in an X post, the Ethereum Open Interest has just witnessed a surge. The “Open Interest” here refers to an indicator that measures the total amount of positions related to the cryptocurrency that are currently open on all centralized derivatives exchanges. Related Reading: Bitcoin Cycle Indicator Turns Green For First Time In Years: Early Bull Or Local Top? When the value of the metric rises, it means the investors are opening fresh positions on the market. As new positions generally come with more leverage for the sector, this kind of trend can lead to more volatility. On the other hand, the indicator observing a drop suggests holders are either getting liquidated or closing positions of their own volition. In either case, the resulting leverage washout can make the market behave in a more stable manner. Now, here is the chart shared by Maartunn that shows the trend in the Ethereum Open Interest over the last couple of days: As displayed in the above graph, the Ethereum Open Interest has witnessed a rise during the past day. This suggests that some new positions have appeared on the derivatives market. Interestingly, the development has arrived alongside a decline in the ETH spot price. Some of these positions would correspond to bullish traders hoping to catch the bottom, while others would be bearish bets looking to ride the downward move. “That kind of setup usually means someone’s about to get liquidated,” noted Maartunn. Naturally, if the asset reverses from here, the shorts that have piled up will get liquidated, providing further fuel for the move. But if the downtrend continues, longs could get punished instead. It now remains to be seen how the Ethereum price will develop in the coming days. In some other news, on-chain analytics firm Santiment has shared updated rankings of Ethereum-based projects in terms of the Development Activity, a metric that captures the amount of work done by the developers of a given project on its public GitHub repositories. Related Reading: SUI Surges 40%: Analytics Firm Explains What’s Driving The Rally Below is the table shared by Santiment that shows how the top 10 projects that are partially or fully affiliated with the ETH ecosystem look right now. From the table, it’s visible that Ethereum’s native token ranks only third on 30-day Development Activity, with MetaMask USD (mUSD) and Chainlink (LINK) both ahead of the project. While ETH is relatively close to the latter, the former’s repository has been seeing a behemoth amount of work with its Development Activity far ahead of the rest. ETH Price Ethereum neared the $2,400 level on Sunday, but the retrace since then has meant that its price is back below $2,300. Featured image from Dall-E, chart from TradingView.com
Grupo Salinas is set to integrate Anchorage Digital's stablecoin infrastructure into its cross-border payment flows.