Why is crypto market down today? Traders eye Fed as government shutdown drags on
The crypto market is down, and Bitcoin has retreated from all-time highs as macro pressure weighs on investor sentiment. Crypto markets dipped on Wednesday, Oct. 8, as investors grew concerned about mounting macro uncertainty. The protracted government shutdown, mixed signals…...
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Litecoin price nears key weekly resistance with downside risk toward $50 if rejected
Litecoin price is nearing strong resistance at $135–$140, and a rejection could send it tumbling as low as $50. Litecoin (LTC) price has recently validated its ascending trendline support near $100 on the weekly chart, reaffirming the structure of its…...
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Swedish MP urges exempting daily BTC from 30% tax
Swedish lawmaker Rickard Nordin has filed a motion to the Finance Committee suggesting a tax exemption on the use of Bitcoin for every day transactions. A member of the Swedish parliament recently proposed the exemption of Bitcoin from the country’s…...
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Solana beats Ethereum with $2.85B in yearly revenue
Solana is outpacing Ethereum’s early growth, generating $2.85 billion in revenue over the past year—more than 20 times what Ethereum earned at a comparable stage in its lifecycle. According to a recent report by 21Shares, Solana (SOL) generated $2.85 billion…...
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Spot silver climbs to $49/oz for first time since April 2011
Silver’s price surge highlights its growing appeal as a hedge against economic uncertainty, impacting both industrial and investment strategies. The post Spot silver climbs to $49/oz for first time since April 2011 appeared first on Crypto Briefing....
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YZi Labs Launches $1B Builder Fund to Empower BNB Chain Founders
YZi Labs, formerly known as Binance Labs, has announced the launch of a $1 billion Builder Fund aimed at supporting early-stage founders building within the BNB Chain ecosystem. The initiative is designed to provide capital, infrastructure, and support to teams working across Web3, artificial intelligence (AI), and biotechnology. Projects...
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Crypto Markets Today: Gold Surges Past $4K as Bitcoin Rebounds; BNB Chain Defies Market Cool-Off
The dollar index’s recovery rally gathered steam early Wednesday, but that did not deter gold from climbing to new highs above $4,000. Bitcoin, too, has recovered from Asian session lows near $121,000 to trade near $122,750 at press time. The cryptocurrency is still down 1.3% on a 24-hour basis....
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Bank of England Plans Exemptions to Stablecoin Limits: Bloomberg
The Bank of England (BoE) is planning exemptions to its proposed limits on stablecoins holdings, Bloomberg reported on Tuesday. The BoE will grant waivers to some firms that need to hold large amounts of tokens, like crypto exchanges, the report said, citing a person familiar with the matter. The...
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Bitcoin Prognose: VanEck sieht BTC bald Gold überholen und langfristig bei 650k
VanEck sieht in Bitcoin das digitale Pendant zu Gold. Die Firma schätzt, dass der Kurs über die kommenden Jahre deutlich steigen kann – aber nur langsam. Experten halten die Prognose für möglich, warnen aber vor überzogenen Erwartungen. Bitcoin steht erneut im Rampenlicht. Die Investmentfirma VanEck traut der Kryptowährung zu,...
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Uganda pilots CBDC in $5.5B tokenized economy initiative with Global Settlement Network
Global Settlement Network and Uganda’s Diacente Group are launching a $5.5 billion tokenized economy, combining real-world infrastructure and a national CBDC to drive economic growth. According to a press release shared with crypto.news, Global Settlement Network (GSN), a leading blockchain…...
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