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Cryptography News
Coindoo
1w
347
Image Credit: Coindoo
Billions in Bitcoin and Ethereum Options Hit Expiry
- A total of 27,657 Bitcoin contracts worth approximately $2.23 billion are expiring, with a put-to-call ratio of 0.86.
- Around 183,468 ETH options worth $283.6 million are also expiring, with a slightly more balanced put-to-call ratio of 0.92.
- The maximum pain price for Bitcoin contracts stands at $81,000, while for Ethereum options it is $1,700.
- Deribit analysts note a decline in near-term bullish sentiment, potentially leading to extended softness in prices.
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Coindoo
1w
410
Image Credit: Coindoo
BRICS Could Capitalize as Confidence in US Dollar Shrinks
- The US dollar is no longer seen as a reliable reserve asset as global confidence in it diminishes.
- Investors are turning to gold as a stable and trusted alternative to the dollar.
- BRICS countries are aiming to build a parallel financial system backed by local currencies and gold.
- A gold-backed trade model could provide BRICS countries with increased trust and attract other emerging nations.
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Coinjournal
1w
192
CartelFi presale shows strong momentum even as broader market stalls
- CartelFi, a new cartel-themed yield farming protocol, has raised over $600K in its presale.
- Cryptocurrency prices were stagnant due to trade tensions between the US and China.
- CartelFi bridges the gap between meme coins and yield-focused DeFi protocols, enabling investors to generate yield from meme assets.
- CartelFi raised $500,000 within 24 hours and has gained momentum in its presale.
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Cryptopotato
1w
263
Image Credit: Cryptopotato
Trending Meme Coin FARTCOIN Explodes by 260% Monthly: Key Drivers Behind the Surge
- FARTCOIN, a Solana-based meme coin, has surged by 260% in the past month, hitting a two-month high of $0.87.
- The rally can be attributed to exchange listings and strong community support.
- FARTCOIN remains unavailable on Binance and Coinbase, but potential support from these exchanges could further increase its price.
- While FARTCOIN soared, other meme coins like DOGE and SHIB fell, and the meme coin market cap dropped below $50 billion.
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Cryptopotato
1w
247
Image Credit: Cryptopotato
Settlement in Sight? Ripple and SEC File Joint Motion to Stay the Appeal
- Ripple Labs and the SEC have jointly requested a pause on their individual appeals case.
- The case awaits the SEC's approval to be officially paused.
- If approved, the SEC and Ripple Labs can draft the final settlement terms.
- XRP's price experienced a decline following the joint motion, but later rebalanced.
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Coindoo
1w
180
Image Credit: Coindoo
Bybit Web3 Exclusive: BTC Staking with Lombard, up to 5% APY and Points Multipliers
- Bybit, the world’s second-largest cryptocurrency exchange, is expanding access to BTC staking with Lombard Finance.
- Bybit Web3 users can stake BTC within the wallet to earn extra points across Lombard, Babylon, and Veda.
- LBTC is the leading BTC liquid staked token, allowing BTC holders to activate their assets in DeFi and earn staking yields.
- Bybit Web3 users can earn up to 5% APY in DeFi yield, along with additional rewards, through the BTC staking campaign.
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Coinjournal
1w
255
Crypto price predictions: What’s next for Pi Network, XRP, and PepeX?
- Pi Network surges to $0.5920, eyeing $1.83 with bullish signals.
- XRP hits $2.00, targeting $2.25 amid ETF optimism.
- PepeX presale at $0.0255 offers 222.745% returns by the end of the presale.
- The cryptocurrency market rebounds following the US tariffs pause, with investors focusing on Pi Network, XRP, and PepeX for potential gains.
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Coindoo
1w
113
Image Credit: Coindoo
Is Senator Lummis Hinting That the USA Could Start Buying Bitcoin?
- Wyoming Senator Lummis has raised the question of whether the USA could start buying Bitcoin.
- The possibility of creating a strategic Bitcoin reserve is being discussed, either through legislative action or independent initiation by the Treasury Secretary.
- Former President Donald Trump's executive order supporting the concept of a national BTC reserve has fueled the momentum behind this initiative.
- Whether the move towards Bitcoin as part of the strategic financial arsenal will require congressional approval or executive action is still uncertain.
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Zycrypto
1w
272
Image Credit: Zycrypto
Dogecoin Secures Big Institutional Nod As 21Shares Files For Spot DOGE ETF After ‘Exclusive’ Partnership With House Of Doge
- 21Shares has applied for a spot exchange-traded fund based on Dogecoin (DOGE) in the US, backed by the House of Doge.
- The partnership aims to bring transparent and institutional-grade investment options for Dogecoin to the market.
- Dogecoin, with a market cap of $22.9 billion, is the eighth biggest cryptocurrency.
- 21Shares joins Bitwise and Grayscale in the race to offer Dogecoin-based investment products in the United States.
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Zycrypto
1w
272
Image Credit: Zycrypto
Crypto Bull Doubles Down On Solana, Swoops 32,000 SOL, Will Price Uptick Sustain?
- A crypto whale has accumulated 32,000 Solana (SOL) tokens following a significant leap in crypto prices.
- Solana whale bought 32,000 tokens worth about $3.72 million, backing Solana across many price cycles.
- Renewed demand for whales and rollout of confidential balances aided Solana's positive traction.
- Institutional demand for crypto assets surged as institutional investors have their gaze fixed on numerous spot altcoin ETFs.
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Coindoo
1w
343
Image Credit: Coindoo
Florida Unanimously Passes Bitcoin Reserve Bill in House Committee
- Florida unanimously passes Bitcoin reserve bill in House Committee.
- The measure heads to the full state legislature, a landmark achievement without opposition.
- The bill proposes a $1.5 billion investment in Bitcoin as part of a strategic reserve.
- Florida joins other states in embracing cryptocurrency as a legitimate financial asset.
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Coindoo
1w
75
Image Credit: Coindoo
China Will Ignore U.S. Further Tariff
- China's commerce ministry has announced a further tariff hike on US goods exported to China.
- China's commerce ministry states that it will ignore any further tariffs imposed by the US.
- Chinese officials are seeking to form a broader coalition with other nations against Washington's trade policy.
- The tariff war between China and the US may result in a prolonged standoff with global repercussions.
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Coinjournal
1w
339
Block settles $40 million crypto investigation linked to Cash App
- Block Inc., the parent company of Cash App, has agreed to a $40 million settlement with the New York Department of Financial Services (NYDFS) following findings of compliance shortcomings tied to its crypto services.
- The compliance failures included insufficient customer due diligence, weak transaction monitoring, and inadequate screening of high-risk crypto activity.
- The settlement comes after Block paid $80 million in penalties earlier this year and showcases the increasing regulatory scrutiny of fintech platforms offering crypto services.
- Despite the compliance challenges, Block reported growth in its crypto and banking offerings, with Cash App having more than 57 million monthly active users and generating $6.03 billion in revenue in 2024.
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Coindoo
1w
180
Image Credit: Coindoo
President Trump Makes History With First Crypto Bill Signing
- President Trump has made history by signing the first crypto bill into law.
- The bill overturns the IRS's revised crypto tax reporting rule, which aimed to include decentralized finance (DeFi) exchanges.
- The cryptocurrency industry strongly criticized the rule, highlighting the unique structure of DeFi platforms that make it difficult to comply with reporting requirements.
- With the bill signed, the crypto industry has halted the expansion of the IRS's definition of brokers, benefiting DeFi platforms and other stakeholders.
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Cryptoticker
1w
150
Image Credit: Cryptoticker
Bitcoin's Next Move After 145% Tariffs
- Bitcoin price is facing uncertainty and volatility as global geopolitics, particularly US-China trade tensions, affect the cryptocurrency market.
- While Bitcoin has seen brief price spikes, market sentiment remains cautious as investors are uncertain about the impact of the trade war.
- The daily chart shows that Bitcoin is in a holding pattern, with the price consolidating around $80,400, and resistance from the 20-day SMA and 50-day SMA.
- In the short term, Bitcoin's hourly chart suggests a potential rebound, with the price reclaiming key moving averages. However, lack of conviction from institutional investors is a red flag.
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