Crypto
Cryptocurrency
Bitcoin Risks Drop To $108K, But Dip Buyers Step In
Key points: Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size. Liquidation heatmat data suggests the sell-off could extend to $107,000. Bitcoin (BTC) fell to a 2-week low of $108,865 on Thursday, and while an assortment of entities have shown interest in buying the range lows, this week, selling during the Asia […]
US Dollar Surges as US Jobs Data Pressures Crypto
Key points: Bitcoin falls with stocks and gold on stronger-than-expected US jobs data. The US dollar index reaches its highest levels in three weeks as jobless claims come in below expectations. $110,000 is an increasingly “likely” BTC price target next. Bitcoin (BTC) looked “likely” to revisit $110,000 on Thursday as macro and geopolitical factors fueled […]
New X Account Takeover Attack Targets Crypto Community
A new sophisticated phishing campaign is targeting the X accounts of crypto personalities, using tactics that bypass two-factor authentication and appear more credible than traditional scams. According to a Wednesday X post by crypto developer Zak Cole, a new phishing campaign leverages X’s own infrastructure to take over the accounts of crypto personalities. “Zero detection. […]
UniCredit, ING Among 9 Banks Launching Euro Stablecoin
A group of major European banks has joined forces to launch a euro-pegged stablecoin in compliance with Europe’s Markets in Crypto-Assets (MiCA) framework. Dutch lender ING and Italy’s UniCredit are among nine banks participating in the development of a euro-denominated stablecoin, according to a joint statement published by ING on Thursday. Built in compliance with […]
Crypto Companies Using Buybacks to Boost Stock and Trust
Crypto treasury companies are starting to see share price gains off the back of stock buyback programs, which analysts say could be a sign that the companies are now battling for credibility. Trump Jr.-linked media company Thumzup, which holds Bitcoin (BTC) and Dogecoin (DOGE), said on Wednesday it was increasing a share buyback from $1 […]
Australia Drafts Law to License All Crypto Exchanges
Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges. Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March. “This is a preliminary version […]
BTC Bulls Lead $22.6B Monthly Options Expiry, Is $120K Next?
Key takeaways: Bullish bets dominate the September Bitcoin options expiry, assuming BTC price holds the $110,000 support level. Despite higher demand for bullish bets, macroeconomic uncertainty keeps downside risks on the table. A total of $22.6 billion in Bitcoin (BTC) options are scheduled to expire on Friday, creating a decisive moment after the sharp rejection […]
Bullish Divergences Push BTC to $113K As Whales Sell Supply
Key takeaways: Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences. Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure. Bitcoin options implied volatility hit multi-year lows, hinting at a potential explosive move. Bitcoin (BTC) staged a swift recovery to $113,900 on Wednesday after sweeping below Monday’s low of $111,500 […]
Hyperliquid’s Bid to Redefine Stablecoins
What’s wrong with current stablecoins? Put simply, too much profit is directed to issuers. In most cases, the yield from reserves flows back to those managing the stablecoin rather than to its users. When you hold a stablecoin like USDC (USDC) or Tether’s USDt (USDT), the issuer (Circle or Tether) holds real dollars or safe […]
Chainlink Integrates with Canton’s Institutional Blockchain
Chainlink has integrated with the Canton Network, an institutional blockchain backed by global banks and technology firms, in a move aimed at strengthening institutional adoption of blockchain technology. The partnership, announced Wednesday, brings Chainlink’s data service, including its data streams, smartdata (proof of reserve and NAVLink) and the cross-chain interoperability protocol (CCIP) onto the Canton […]