Fed Ends Specialized Crypto Bank Oversight, Folding It Into Normal Supervision
The Federal Reserve has announced it will sunset a targeted crypto and fintech oversight program established during the Biden administration and absorb its functions into routine bank supervision. The initiative, launched in 2023 via a “novel activities” supervision program, was specifically designed to monitor banks’ involvement in digital assets...
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Solayer unveils SVM Bridge to connect Solana and SVM chains
Solayer’s SVM Bridge will connect SVM-compatible chains with Solana....
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Hyperliquid primed for breakout as price targets new all-time high
Hyperliquid ’s bullish market structure remains intact, with price consolidating just below its $49.86 all-time high. Strong support at $42.24 and rising volume signal the potential for a breakout into price discovery. Hyperliquid (hype) has shown remarkable resilience, maintaining its…...
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U.S. Fed Officially Scraps Specialist Group Meant to Oversee Crypto Issues
The Federal Reserve continued its relaxation of crypto oversight on Friday with a move to shut down a two-year-old supervisory program intended to keep a special eye on banks’ crypto ties, instead folding that task back to its day-to-day oversight work. The central bank established its short-lived Novel Activities...
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Will Democrats crack down on Trump family’s WLFI crypto businesses?
Mid-August saw the progressive wing of Democrats intensifying criticisms of Donald Trump’s family WLFI crypto businesses. Over the past week, several high profile Democrats have levied harsh criticisms of Trump and his family’s connection to WLFI. In addition to a…...
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AVAX price on the cusp of a breakout as key metric surges 715%
AVAX price remained in a horizontal channel this week as Bitcoin and most altcoins jumped and then dived. Avalanche (AVAX) was trading at $23.78 on Friday, Aug.15, up by 60% from its lowest level this year. It has formed a…...
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Massive DOGE Whale Activity Hints at $1 Breakout
TL;DR Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins. A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements. DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark. Price and...
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Digital Currency Group Sues Genesis Over $1.1 Billion 2022 Bailout Amid Bankruptcy Dispute
Digital Currency Group (DCG) has initiated legal action against its bankrupt lending arm, Genesis Global Capital LLC, seeking repayment related to a $1.1 billion support package issued during the crypto market crash of 2022. The lawsuit, filed Thursday in the U.S. Bankruptcy Court for the Southern District of New...
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XRP poised for $4.19 expansion as bullish structure holds
XRP maintains a bullish market structure despite its current correction, with technical confluences pointing toward a potential rally toward $4.19 once key Fibonacci levels are retested and held. Ripple (XRP) has been consolidating following its all-time high of $3.60, but…...
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OKX cuts OKB supply to 21m in $26b token burn
Most token burns are incremental. OKX went nuclear with the destruction of 93% of OKB’s supply, marking the most radical deflationary move by any major exchange and leaving traders questioning what comes next. According to onchain data captured on August…...
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