Justin Sun, founder of TRON, has invested $8 million in the DeFi project called River, according to the announcement made on Wednesday. After the investment, the Rivers’ token (RIVER) increased 24% on the same day. Analyst warns that the price surge may be driven more by leveraged trading than by
U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) saw a sharp outflow on January 21, as Bitcoin ETFs recorded an outflow of around $709 million and about $287 million outflows in Ether funds, marking one of the largest single-day redemptions. When combined, it nears $1 billion, the highest outflows ever
The brief uptick reflects the current recovery attempt, bringing a green wave, but it remains fleeting. With the fear sentiment across the crypto market, the asset’s price movement is swinging up and down. Also, a sudden fluctuation could push them into the red zone, allowing the bears to strengthen their
Vietnam has officially begun the procedure of accepting applications for licenses to allow the trade of virtual assets, a procedure that has been viewed as a milestone step towards the launch of a long-awaited cryptocurrency market. The State Securities Commission of Vietnam (SSC) confirmed the move on Tuesday, stating that
Laser Digital, a crypto investment firm backed by one of the largest financial giants, has launched a new Bitcoin yield fund which aims the long term bitcoin holders earn returns on the BTC price movements. It was named the Laser Digital Bitcoin Diversified Yield Fund SP. This is the first
US President Donald Trump is reportedly chasing the ouster of the Federal Reserve Governor. The US Supreme Court has weighed in by flagging risks associated with it. This comes after reports emerged about Trump going after the Fed Chair. For the crypto market, any movement in this context could cause
Strive, a fund management company founded by former US Presidential candidate Vivek Ramaswamy, is on the brink of raising as much as $150 million via a preferred stock offering. The funds raised will be used for paying off debt and buying more Bitcoin. This is a positive development for Strive,
A 1.11% spike in the volatile crypto market comes as no surprise, with the prices oscillating between red and green candlesticks. With this, the overall sentiment lingers in the fear zone. Currently, most tokens are charted in green but could turn red at any time as they attempt to break
The traditional banks in the U.S. are pushing the lawmakers to change the crypto rules that would limit the stablecoins and financial data sharing. This push was led by the American Bankers Association (ABA), which is the major group of U.S. banks. Why Banks Want Stablecoin Yields Banned ABA’s are
A crypto analyst has stated that the ETH price could be pushed to a new high, provided it reclaims the required margin. He has said that an alternative scenario could see ETH dip to yearly lows. This comes at a time when the token is attempting to recover from recent
