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Driven by the dual positive factors of the expected approval of a US spot ETF and the Federal Reserve’s potential start of a rate cut cycle, several mainstream analysis institutions, including Bloomberg, have raised the probability of XRP spot ETF approval this year to 85%. This is expected to attract a large amount of institutional…
European Central Bank (ECB) President Christine Lagarde called for stricter regulations on non-EU stablecoin issuers to close dangerous gaps in the Markets in Crypto-Assets Regulation (MiCA) framework that could trigger liquidity crises. Speaking at the European Systemic Risk Board conference, Lagarde warned that multi-issuance schemes allow EU and non-EU entities to jointly issue fungible stablecoins…
XRP recently dipped to the $2.70 range, marking its lowest level since early July, before bouncing back above $2.80. The decline was triggered by Ripple Labs’ scheduled release of 100 million XRP from escrow. While these token unlocks are routine, the move coincided with fragile market sentiment and limited new inflows, adding downward pressure on…
Whales are reeling from steep losses after a sharp selloff in World Liberty Financial (WLFI), a token linked to the Trump family. Key Takeaways: Whales are taking heavy losses as WLFI plunges over 40% in its first week. A $915K profit quickly turned into a $1.6M loss for one trader due to FOMO-driven reentry. Investor…
The crypto market is down today, and the majority of the top 100 coins have turned red over the past 24 hours. Overall, the cryptocurrency market capitalization has decreased by 0.2%, now standing at $3.91 trillion. At the same time, the total crypto trading volume is at $124 billion. TLDR: The crypto market saw a…
Bitcoin (BTC) traded near $110,855 on Thursday, holding a market cap above $2.2 trillion. The move comes as the U.S. dollar softened following weaker-than-expected jobs data. According to the Labor Department, job openings in July fell to 7.18 million, well below forecasts of 7.38 million, pointing to a cooling labor market. The U.S. dollar extended…
Coinbase CEO Brian Armstrong fired engineers who failed to adopt AI coding tools within a week of his mandate, as the crypto exchange pushes toward generating 50% of its code through artificial intelligence by October. “~40% of daily code written at Coinbase is AI-generated. I want to get it to >50% by October,” Armstrong posted…
Ukraine’s parliament passed the first reading of its crypto legalization bill with 246 votes, establishing a 23% combined tax rate on virtual asset profits while addressing critical regulatory gaps that have enabled billions in illicit flows. The legislation proposes an 18% personal income tax plus 5% military levy on crypto gains, with preferential 5% rates…
Binance CEO Richard Teng is set to visit South Korea next week as the country steps up efforts to formalize its digital asset regulatory framework. Key Takeaways: Binance CEO Richard Teng will meet Korean officials to discuss crypto regulation and user protection. Binance was recently recognized by Korean police for its role in combating cybercrime….
Ethereum-focused firm Etherealize has secured $40 million in fresh funding as it ramps up efforts to bring the second-largest cryptocurrency to Wall Street’s doorstep. Key Takeaways: Etherealize raised $40M to accelerate Ethereum’s adoption by traditional finance. The funding comes amid a $1.2B ETH accumulation by public firms, signaling growing institutional interest. The firm will build…