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Cryptocurrency News
Cryptopotato
9h
220
Image Credit: Cryptopotato
5 Ways Kraken Exchange Is Giving Coinbase a Run for its Money
- Kraken, a US crypto exchange, founded by Jesse Powell in 2011, is gaining attention for its secure platform compared to Coinbase.
- While Coinbase is popular and publicly traded, recent news shows Kraken aiming to launch an IPO in Q1 2026, potentially rivaling Coinbase.
- Kraken is exploring a $1 billion debt note with JPMorgan and Goldman Sachs, indicating financial strength for its IPO debut.
- Additionally, Kraken acquired NinjaTrader for $1.5 billion, enhancing its crypto futures trading capabilities.
- The SEC agreed to dismiss a lawsuit against Kraken, signaling a positive shift towards crypto companies under the new administration.
- Kraken's relaunch of crypto staking in Q1 adds to its appeal, offering users the ability to stake coins and earn staking fees.
- Despite Coinbase's larger user base, Kraken competes in daily trading volume and altcoin trading, showcasing its potential to challenge Coinbase's dominance.
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TronWeekly
9h
185
Image Credit: TronWeekly
Japan’s Bold Move: Crypto Assets to Be Classified as Financial Products
- Japan plans to reclassify cryptocurrencies as financial products under the Financial Instruments and Exchange Act.
- The reclassification aims to provide a clearer legal framework and implement stricter regulatory oversight, including insider trading rules.
- The Financial Services Agency (FSA) intends to submit the proposed amendment to parliament by 2026.
- Japan's proactive approach in adopting new regulations positions it as a leader in digital asset regulation worldwide.
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Bitcoinsensus
9h
60
Image Credit: Bitcoinsensus
UK Freezes ~£6M in Illicit Crypto Proceeds 2024-2025
- UK froze ~£6 million in illicit crypto proceeds last and this year.
- The largest freeze was in March at ~£1.5M.
- The UK introduced new powers for the police and HMRC to freeze illicit crypto assets.
- The assets are frozen for three years by court authorization, with potential limitations even if the person is acquitted.
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Crypto-News-Flash
10h
57
Image Credit: Crypto-News-Flash
BitMEX Co-Founders Receive Trump Pardon—Crypto Industry Reacts
- President Trump has extended pardons to BitMEX founders in the latest pro-crypto push.
- The crypto industry has seen many controversial cases dismissed by market watchdog SEC.
- BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed have been granted a presidential pardon after pleading guilty to financial crimes related to the Bank Secrecy Act.
- The pardons have sparked mixed reactions within the crypto community, with supporters arguing for inconsistent enforcement of financial regulations and others defending the need for upholding legal standards in the industry.
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Bitcoinist
10h
278
Image Credit: Bitcoinist
Bitcoin MVRV Ratio Nears Key Signal – Next Major Buying Opportunity Ahead?
- Bitcoin faces intense selling pressure and struggles to hold above critical $80,000 support level.
- Some analysts see a potential buying opportunity when the MVRV Ratio crosses above its 70-day moving average.
- BTC hovers around $82,000 as bulls face crucial test and fight to reclaim key moving averages.
- Failure to hold above $82,000 might lead to a deeper correction and renewed fear among investors.
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Bravenewcoin
10h
160
Image Credit: Bravenewcoin
XRP Price Prediction: Analysts Foresee 360% to 600% Surge Amid Bullish Ripple News
- Market experts forecast a potential surge of 360% to 600% in XRP's price.
- Key technical patterns, including the Inverse Head and Shoulders formation, indicate a bullish XRP rally to $4.60.
- However, a bearish scenario is warned by a traditional Head and Shoulders pattern, signaling a possible drop to $1.07 if key support levels are broken.
- XRP's long-term potential is projected with massive gains of 570% to targets of $16 and multi-wave rally projections of $5.85-$23.20 in the coming months.
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9 Likes
TronWeekly
10h
175
Image Credit: TronWeekly
DOGE Pattern Signals Reversal To $0.43, While IntelMarkets Blockchain Gains 475% in Q1
- The Dogecoin price shows signs of a potential breakout, reversing past losses and aiming for $0.43.
- IntelMarkets' blockchain is expected to surge 475% in Q1, raising over $12 million in presale and set to launch at $0.42.
- IntelMarkets offers AI-powered trading bots and dual-chain functionality.
- Dogecoin faces resistance at $0.20, while IntelMarkets could emerge as a strong competitor in the crypto market.
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Coin Telegraph
10h
82
Image Credit: Coin Telegraph
Stablecoins are powering deobanks
- The current markets are influenced by tariffs imposed by the US administration and retaliatory measures from trading partners, which are seen as a negotiation strategy.
- Market uncertainty is leading to institutional interest, with inflationary pressures and the impending fiscal debate in Washington adding to the unease.
- The unresolved debt ceiling issue and the Treasury's reliance on 'extraordinary measures' are causing concern in the market.
- Despite macroeconomic uncertainty, the stablecoin market, especially dollar-pegged ones like Tether's USDt and USDC, is experiencing growth.
- Stablecoins have evolved from an experiment to a critical part of the digital financial infrastructure, with a market cap of $226 billion and steady expansion.
- Stablecoins dominate the market, accounting for over 98% of the supply, with Tether's USDt representing over 60% of the total market.
- The shift toward stablecoins and 'dollarization' is notable in global financial trends, with emerging markets like Brazil showing high adoption rates.
- Deobanks, leveraging stablecoins as their native currency, are providing decentralized financial services, offering accessibility and transparency to users.
- Analysts project the stablecoin market cap to exceed $400 billion by 2025, with deobanks contributing to economic growth and financial inclusion.
- The integration of stablecoins and next-generation onchain banks is expected to revolutionize cross-border transactions, promoting lower fees and faster payments.
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TechBullion
10h
150
Image Credit: TechBullion
The Evolving Cryptocurrency Landscape: Institutional Investment, Government Reserves, and Regulatory Clarity
- Binance secures a $2 billion investment from Abu Dhabi’s Multiplier Growth Accelerator (MGX), strengthening its financial position and institutional strategy.
- President Donald Trump proposes the establishment of a U.S. government cryptocurrency strategic reserve, signaling a potential shift towards broader cryptocurrency adoption at the federal level.
- Ripple is nearing a settlement with the U.S. SEC regarding allegations of XRP sales violating securities laws, a resolution that could provide regulatory clarity for the broader cryptocurrency ecosystem.
- The cryptocurrency market is experiencing growing institutional adoption, potential government participation, and increasing regulatory clarity, leading to a more mature ecosystem with a focus on blockchain applications.
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TheNewsCrypto
10h
336
Image Credit: TheNewsCrypto
Shiba Inu News Today: The biggest SHIB Holders Are on the Move to Rexas Finance (RXS). What Do They See Ahead?
- SHIB whales are shifting their assets to Rexas Finance, sparking discussions about what draws them to the project over Shiba Inu.
- Shiba Inu, known for its meme coin origins, faces challenges such as decreasing daily transactions and price drops, leading investors to rethink its long-term sustainability.
- Rexas Finance offers a structured approach with real-world asset tokenization, passive income opportunities, and institutional partnerships, presenting a more reliable investment option compared to meme coins.
- RXS, priced at $0.20 in its presale, has shown significant growth potential, with expectations of surpassing $10 and providing substantial returns on investment.
- The move of SHIB whales to RXS reflects a broader trend favoring utility-driven projects over speculative assets, with a focus on tangible use cases and steady growth potential.
- Rexas Finance's emphasis on tokenizing real-world assets aligns with the shift towards financial inclusion and offers a disciplined investment opportunity backed by actual economic value.
- By prioritizing liquidity and stability through Tier 1 exchange listings and community involvement, Rexas Finance positions itself as a promising long-term investment option.
- Unlike meme coins, Rexas Finance provides governance participation and staking options for passive income generation, offering a sustainable investment model for investors.
- The shift from SHIB to RXS underscores the evolving crypto market landscape, where projects offering genuine value and utility gain traction over speculative tokens.
- Rexas Finance represents a significant opportunity for investors seeking real-world value and long-term growth potential, standing out in a market increasingly focused on utility-driven projects.
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20 Likes
TheNewsCrypto
10h
96
Image Credit: TheNewsCrypto
AAVE Tops the Losers List Today – Can It Reverse the Downtrend?
- Aave (AAVE) is currently trading at $164.90, down 6.36% in 24 hours.
- AAVE faces resistance at $168 and support at $160. RSI at 33.00, indicating oversold conditions; CMF at -0.30, signaling weak buying pressure.
- AAVE's short-term moving average is trending below the long-term moving average, confirming a bearish outlook. The price must sustain above key levels for a trend reversal.
- If buying pressure increases, the price could rebound from support levels. Traders should monitor RSI, CMF, and price action for confirmation of the next move.
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5 Likes
Zycrypto
10h
215
Image Credit: Zycrypto
Ripple’s XRP Bull Run Record Hints at New $15 All-Time High in 90 Days—Will History Repeat?
- XRP experienced a decline in the cryptocurrency market pullback.
- Analyst EGRAG CRYPTO predicts XRP to reach a new all-time high in 90 days, based on historical patterns.
- Multiple analysts believe that if XRP breaks above $3, it could invalidate the existing head-and-shoulders pattern.
- Some analysts take a long-term perspective and highlight the potential for a significant rally based on previous XRP performance.
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12 Likes
TronWeekly
11h
21
Image Credit: TronWeekly
FTX to Start Paying Creditors in May After Long Bankruptcy Case
- FTX, the failed cryptocurrency exchange platform, will begin repaying creditors on May 30, distributing around $11.4 billion after months of legal battles.
- The rise in Bitcoin's price has led creditors to prefer crypto repayments over cash.
- BitGo and Kraken are assisting with the repayments, and total recoveries could reach $16 billion if all claims are processed.
- Other developments include the acquisition of FTX EU by Backpack Exchange and the US Justice Department's efforts to recover political donations linked to former FTX executives.
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Zycrypto
11h
57
Image Credit: Zycrypto
Bullish: FDIC Says Banks No Longer Need Pre-Approval to Engage with Cryptocurrencies
- The U.S. Federal Deposit Insurance Corporation (FDIC) has removed the requirement for banks to seek pre-approval before participating in crypto-related activities.
- FDIC-supervised institutions are now allowed to engage in permissible crypto-activities without prior approval.
- The FDIC emphasizes that while banks can participate in crypto-related activities, they must still comply with relevant laws and regulations.
- The FDIC plans to collaborate with the President’s Working Group on Digital Asset Markets to further facilitate banks' involvement in crypto practices.
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3 Likes
Zycrypto
11h
208
Image Credit: Zycrypto
Grayscale Files For Spot Avalanche ETF With U.S. SEC Amid Altcoin ETF Craze
- Grayscale has filed a request with the SEC to list and trade shares of its spot Avalanche (AVAX) ETF on Nasdaq.
- If approved, Grayscale's AVAX ETF would provide regulated exposure to AVAX, the 17th biggest digital asset by market value.
- The AVAX ETF would be a three-chain smart contract platform that focuses on scalability, security, and decentralization.
- Grayscale's filing comes as the SEC adopts a friendlier approach to the digital asset industry, dropping multiple crypto-related investigations.
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