Ether Races 6% Against Bitcoin as GENUIS Act Puts Spotlight on Yield-Bearing Stablecoins: Analyst
Ethereum’s native token ether (ETH), is gaining ground against bitcoin (BTC), as the impending GENUIS Act is likely to ban yield-bearing stablecoins that promise interest-like returns, according to Markus Thielen, founder of 10x Research. The Binance-listed ether-bitcoin ratio, representing ether’s BTC-denominated price, rose over 5.96% to 0.02670 on Tuesday,...
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Crypto is Going Mainstream and ‘You Can’t Put the Genie Back in the Bottle,’ Bitwise Says
The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity...
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House Republicans Block Epstein Files Amendment To Landmark Crypto Bill – Details
As the ‘Crypto Week’ begins, House Republicans have blocked an amendment to one of the three landmark digital asset legislations that would have forced the US Department of Justice (DOJ) to release the controversial Epstein files. Democrats Propose Controversial Amendment On Monday, the House of Representatives Committee on Rules...
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Why is the crypto down today?
The crypto market slid lower on July 16 as rising U.S. inflation data dampened expectations of a Federal Reserve rate cut, while some investors locked in profits following recent gains. According to data from CoinGecko, the total crypto market capitalization…...
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Chainlink Breakout Ahead? $17.5 Flip Could Spark Rally
TL;DR LINK trades near $17.5 resistance, with bullish volume signaling a potential breakout toward $22. Accumulation indicators and Aroon Up at 85% suggest strong upward trend and minimal selling pressure. Chainlink’s U.S. policy initiative boosts visibility as market eyes breakout confirmation on daily chart. LINK Edges Toward Breakout Zone...
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House eyes Wednesday re-vote on crypto bills after procedural defeat
The U.S. House of Representatives is preparing to retry a key procedural vote on Wednesday, July 16, that would allow floor debate on a trio of major cryptocurrency bills, after GOP hardliners derailed the effort on Tuesday. As reported by…...
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Aave eyes breakout above $330 as TVL surpasses $30B for the first time
Aave is trading near a key resistance level after steady gains in recent weeks as on-chain metrics surge. At press time, Aave (AAVE) is priced at $329, up 6% over the past 24 hours and 18% over the last month.…...
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Trump Says 11 Of 12 Republicans Needed Now Support Stablecoin Bill After Earlier Setback — They’ve All Agreed To Vote In Favor
President Donald Trump said Tuesday he has secured the commitment of House Republicans to vote in favor of the GENIUS Act after procedural failures halted its progress earlier in the day. What Happened: In a Truth Social post, Trump said that he had secured the support of 11 out of the 12...
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BigONE suffers supply chain attack with over $27m losses
BigONE became the victim of a supply chain attack, which resulted in damages amounting to more than $27m losses. The attacker was able to withdraw funds from a network exploit. On July 16, the crypto exchange suffered a third-party attack…...
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GameStop may accept crypto payments for trading card purchases: report
GameStop, the American video game retailer, will consider accepting cryptocurrencies as payment for trading card purchases, according to the company’s CEO, Ryan Cohen. During his latest appearance on CNBC’s Squawk Box, Cohen said the company is exploring the use of crypto…...
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