Polkadot Crypto Breaks Out of Two-Year Downtrend as Momentum Builds
After years stuck in reverse, the Polkadot crypto price just slammed the gearshift. DOT ▲4.26% has broken free from a two-year falling wedge, a textbook reversal pattern for traders who still believe in the long-term potential of this coin. 99Bitcoins analysts observed DOT reclaiming key resistance zones at $3.40 and $3.45, now acting as support. […]
Crypto Trading Firm Galaxy Expands Institutional Staking With Fireblocks
Cryptocurrency trading firm Galaxy Digital (GLXY) is expanding its blockchain staking platform for large institutional customers with help from crypto custody specialists Fireblocks, the companies said Wednesday. With the integration, Galaxy’s staking services are now natively accessible to the more than 2,000 of the world’s largest financial institutions that use Fireblocks to stake digital assets […]
Eigen Labs Axes 25% of Staff to Focus on Building EigenCloud
Eigen Labs cut its workforce by 25%, losing 29 roles, as CEO Sreeram Kannan said he restructured the company to focus on developing EigenCloud, what he called a “verifiable” alternative to existing, opaque cloud services. The Seattle-based startup said the dismissals were not a cash-crunch response. The comany is backed by $220 million in venture […]
DeFi Development Corp. Boosts Solana Holdings to $102.7M With Fresh Token Purchase
DeFi Development Corp. has expanded its Solana treasury again. The company purchased 47,272 SOL tokens worth $7.03 million. The latest acquisition brings its total SOL and SOL equivalents to 690,420 tokens. These holdings are now valued at approximately $102.7 million, including staking rewards. DeFi Dev Corp Acquires Additional 47.2k Solana: What Next for SOL Price? […]
Bitcoin gets 'highly favorable' cues as DXY sets 21-year weakness record
Bitcoin maintaining its inverse correlation to the US dollar means big wins on the horizon as the dollar strength DXY index trails below key moving averages.
Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here?
With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an […]
Anthony Pompliano’s ProCap Appears Better Than Peers Based on the BTC HODLer’s Own Data
Anthony Pompliano’s ProCap, recently shared an update on its progress and valuation metrics. ProCap has entered into a $1 billion business combination agreement with Columbus Circle Capital Corp 1 (CCCM). As part of the deal, ProCap has raised over $750 million and already deployed more than $500 million to purchase bitcoin (BTC), amassing a treasury […]
Trump’s Truth Social Files for Crypto Blue Chip ETF
Trump Media & Technology Group, the company behind Truth Social, is expanding deeper into the crypto space. It has filed paperwork with the SEC for a new exchange-traded fund called the Crypto Blue Chip ETF. This new filing builds on earlier efforts by the company to launch Bitcoin-only and Bitcoin-Ethereum ETFs, but this time it […]
Joe Lubin Predicts Ethereum Treasury Moves Will Shift Wall Street Attitudes
Ethereum co-founder and ConsenSys CEO Joe Lubin believes that Ethereum is starting to gain real ground in how traditional finance thinks about digital assets. He sees a growing number of companies holding ETH in their treasuries as a strategic choice that could influence how Wall Street treats crypto as a whole. Joe Lubin says the […]
New Zealand Wants to Ban Crypto ATMs in Anti-Money Laundering Overhaul
New Zealand’s government plans to ban crypto ATMs as part of an overhaul of its anti-money laundering and countering the financing of terrorism (AML/CFT) regime. The government wants to target the means criminals use to “convert cash to high-risk assets such as cryptocurrencies,” according to an announcement by Associate Justice Minister Nicole McKee on Wednesday. […]
Stablecoin Giants Rival Nations in Gold and Treasury Power
Tether now holds $8B in gold stored in a private vault, rivaling holdings of global banks. Stablecoin firms collectively hold $182.4B in U.S. Treasuries, ranking 17th among nations. New regulations may force stablecoin issuers to cut gold reserves in favor of Treasury assets. Stablecoin firms are building financial reserves that rival central banks and sovereign […]
Solana Ready For $160 Reclaim? Analysts Say Breakout Is A Matter Of Time
As the crypto market moves sideways, Solana (SOL) compresses between two key levels. Some analysts suggest that the cryptocurrency is about to break out and reclaim a crucial resistance level, which could trigger the long-awaited retest of the $200 barrier. Solana Holds Key Support After recovering from last month’s downtrend, Solana has been attempting to […]