Author: James Wilson
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While Dogecoin’s $1 dream is still alive, rising altcoin Remittix, with its real-world utility and strong presale momentum, might get there first. Dogecoin (DOGE) is still one of the most iconic coins in crypto, but it’s also one of the slowest to move. Why? Because it doesn’t usually lead the charge. It follows the trend, riding the hype as other coins pump. That said, it’s catching some momentum again, up around 9% in the last 30 days, and the…
Cryptocurrencies performed well last week, with Bitcoin soaring to its highest level since February and the market cap of all coins jumping to over $3 trillion. The main catalyst for Bitcoin (BTC) and other altcoins this week will be the Federal Reserve interest rate decision on Wednesday. Signs that the Fed will cut rates three times this year will help boost crypto prices. The other potential catalyst will be signs that the US and China are talking on ending the ongoing trade war. Some cryptocurrencies like Immutable (IMX), Ethena (ENA), and IOTA (IOTA) will have some internal catalysts. Immutable X…
Cryptocurrencies are one of many dividing lines between the Liberal and Conservative parties of Canada. In 2022, Conservatives advocated for crypto as a way to “opt out” of inflation, blaming Liberal economic policy for driving inflation to 30-year highs and contributing to a spike in housing costs. Liberals, on the other hand, criticized crypto for being too volatile. Most of the time, cryptocurrencies are treated as securities, which makes developing a crypto-focused business in Canada difficult. This protective approach is seen by Conservatives as harmful to the country’s economic and technological development. Then-Finance Minister Chrystia Freeland criticized Conservative Party Leader…
A recently launched leveraged exchange-traded fund tracking XRP is gaining momentum in terms of asset inflows. The Teucrium 2x Long Daily XRP ETF, whose ticker symbol is XXRP, has had inflows in the last four consecutive weeks. Its assets have moved from zero to over $67 million in this period. The ETF’s performance has also performed better than Ripple’s XRP. It has jumped by 26% since its inception, while the XRP price has risen by 16.4% in the same period. XRP vs XXRP ETF | Source: crypto.news The XXRP ETF’s inflows are notable because of its cost structure. While one…
A group of nine Senate Democrats who previously backed crypto-friendly legislation are now threatening to derail a landmark stablecoin bill, signaling deepening divisions over how the fast-growing digital asset sector should be regulated. In a surprise Saturday statement first reported by Politico, the senators declared they would not support the GOP-led bill “in its current form” if it reaches the Senate floor, citing a range of unresolved concerns. Their demands for changes focus on several key areas: safeguards to prevent illicit financial flows, stricter rules on overseas stablecoin providers, national security, stronger guarantees that stablecoins won’t undermine the safety and…
Bitcoin price recovery has stalled as focus shifts to the upcoming Federal Open Market Committee interest rate decision. Bitcoin (BTC) was trading between $95,000 and $96,000 at last check Sunday. That’s up by about 30% from its lowest level in April this year. The price movement coincided with President Donald Trumo’s claims that trade talks between the US and other countries, including China, were taking place. In a statement, China’s Commerce Ministry indicated that it was open to talks with the Trump administration, but that tariffs prevented them. Per the Wall Street Journal, China is also planning to make “a…
A public debate between cryptocurrency exchange OKX and TRON founder Justin Sun has surfaced over alleged communication issues regarding a freeze notice for stolen funds. OKX CEO Star Xu has challenged Sun’s claims that the exchange failed to respond to law enforcement requests. The controversy began after Sun publicly stated that a “relevant law enforcement agency” had sent a freeze notice regarding stolen funds to OKX’s official email address. However, the police had received no response. Sun claimed he had “no other means of contacting OKX’s compliance team.” OKX CEO claps back at Justin Sun According to Star, the exchange’s…
The Dogecoin price has consolidated in the past few weeks, even as on-chain data points to whale accumulation. At last check Sunday, Dogecoin (DOGE) was trading at $0.1743, a range it has remained stuck at in the past few days. This price is about 36% above the lowest level this year. On-chain data compiled by Santiment shows that large investors have continued to accumulate the coin. DOGE holders with between 1 million and 10 million coins have increased their holdings from 10.3 billion in March to 10.5 billion today, a 200 million increase. Similarly, larger holders with between 100 million…
With an estimated 16 million cryptocurrency investors representing 36% of South Korea’s voting population, presidential candidates are aggressively courting the crypto community ahead of the June 3 election. According to a report by Point Daily, crypto voters’ political significance has grown as Bitcoin’s market capitalization in Korea now exceeds 2,600 trillion won. This has rivaled the combined value of KOSPI-listed companies. As Point Daily notes, these 16 million investors account for a substantial portion of the country’s approximately 44.25 million eligible voters from the previous general election. Major parties are using crypto-specific strategies to attract these voters. The Democratic Party…
Today’s edition of the weekly recap covers Strategy’s continued Bitcoin purchases, Nexo’s return to the U.S. after a hiatus, and the latest on Celsius founder Alex Mashinsky’s trial. Strategy buys more Bitcoin Nexo returns to the US Regulations and prosecutions… Source link