U.S. Senator Cynthia Lummis has called on banks to stop resisting Cryptocurrencies and Stablecoins and instead start adopting them as part of their modern financial services. Speaking in the Interview aired on Fox News, she argued that digital assets can help banks to create new products at a lower cost
Metaplanet is a Bitcoin vault company based in Japan. And it was reported that they were committing themselves to buying even more Bitcoins despite the latest dips in price. In fact, the value of Bitcoin went down to around $60,000 in the past before it went back up to some
The executive chairman of Strategy, Michael Saylor, and the chief executive officer, Phong Le, guaranteed that its BTC accumulation strategy would remain intact regardless of increasing unrealised losses. At the time of the earnings call after listing $12.4 billion in fourth-quarter losses, management showed that liquidation risk would only come
The crypto market has fallen more than 6%, and pushed the total market cap towards $2.24 trillion today, as widespread selling pressure continues. The sharp decline reflects growing uncertainty, as most of the cryptos are struggling to find support. The current crypto market cap is down around 48%, nearly half
US Treasury Secretary Scott Bessent told lawmakers that the gap between traditional banking and crypto may shrink over time. Speaking before the Senate Banking Committee, he said banks and crypto firms could eventually offer similar financial products as digital assets become more integrated into the financial system. Bessent made the
Employment and inflation data is scheduled to be rolled out soon. Meanwhile, there is a slight chance that the US Federal Reserve may cut rates in its next meeting. An official confirmation is awaited; however, crypto prices have started showing signs of refusal to accept any major change. It could
Kalshi, a regulated exchange and prediction market platform, has publicised a mega expansion of its market surveillance and enforcement substructure targeted at prohibiting insider trading and market manipulation over the platform. The step taken is a part of a wide initiative to intensify trading integrity, as per the updates shared
Tether, the company behind the largest stablecoin USDT, has now invested a $150 million stake in Gold.com to buy Gold. This investment gives Tether 12% ownership in Gold.com. Tether aimed to offer a tokenized gold that can be traded on the blockchain and is safer during the global economic uncertainty.
Bitwise Asset Management has filed a registration statement with the U.S. Securities and Exchange Commission to launch an exchange-traded fund focused on Uniswap. The offering would give investors regulated exposure to the governing UNI token via a traditional investment vehicle. If approved, it will become the first ETF to focus
The 5.84% loss has driven the broader market sentiment into the extreme fear zone, as the Fear and Greed Index value settled at 5. The majority of crypto tokens have lit blood-red candles, including the largest assets, BTC and ETH, which hover within the $66.5K and $1.9K, respectively. The bear
