The Market Has Become ‘Overly Excited’ for Stablecoins, Hong Kong Financial Regulator Says
Companies looking to issue stablecoins should rein in their enthusiasm, especially when their main business is unrelated to digital assets, Hong Kong Monetary Authority (HKMA) CEO Eddie Yue, wrote in a blog post on the central bank’s website. Some companies that don’t have a business that is related to...
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XRP’s July Uptrend Threatened as Bitcoin’s $120K Price Resistance Holds
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Rangeplay continues with MACD teasing bearish flip Bitcoin (BTC) hit a record high above $123,000 on July 14, before entering a period of consolidation. Prices have since been...
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Altcoins, NFTs Lure Risk-On Buyers: Crypto Daybook Americas
By Francisco Rodrigues (All times ET unless indicated otherwise) The government’s announcements of trade agreements with countries including Indonesia and Japan “raised hopes that the U.S. might be about to reach deals with other countries that avoid the higher tariffs,” Deutsche Bank analysts wrote in a note reported on...
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Bitwise CIO on Ether’s ‘Demand Shock’: Why ETH’s Rally Has Staying Power
Ether’s recent price action may be fueled by more than just sentiment. According to Bitwise Asset Management Chief Investment Officer Matthew Hougan, the world’s second-largest crypto asset is undergoing what he calls a “demand shock,” driven by surging inflows into exchange-traded products and new corporate treasury strategies. In a...
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Prince of Darkness’ Death Sparks Wave of Rug-Pulls on Solana
The death of the legendary rockstar Ozzy Osbourne, “Prince of Darkness,” on Tuesday has triggered a frenzy in the crypto markets. Within hours, opportunistic developers began minting “OZZY” and “RIP Ozzy” tokens across the Solana blockchain, hoping to capitalize on the heavy metal icon’s passing. Blockchain data reveals at...
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Goldman Sachs and BNY Mellon to launch tokenized money market funds for institutional investors
The initiative could revolutionize institutional finance by enhancing liquidity, reducing risks, and optimizing capital through blockchain technology. The post Goldman Sachs and BNY Mellon to launch tokenized money market funds for institutional investors appeared first on Crypto Briefing....
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Ethereum Whale Activity Explodes: Large-Transfer Volume Breaks $100 Billion
On-chain data shows the Ethereum network has seen a sharp uptick in weekly whale volume, a sign that big-money interest is back in the asset. Ethereum Large Transactions Volume Has Hit Highest Since 2021 In a new post on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked...
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How Russia is using Kyrgyzstan’s crypto market to bypass sanctions: report
Has Russia turned Kyrgyzstan’s booming crypto market into a backdoor for moving funds? A new report sheds light on how Kyrgyz-registered exchanges are helping Russian networks evade sanctions. According to TRM Labs, Kyrgyzstan’s crypto industry has exploded from near-zero to…...
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CoinShares obtains MiCA license, what’s next for the asset management firm?
European digital asset firm CoinShares has become the first continental European regulated asset management company to be granted a MiCA license. What does the license entail? According to a recent announcement, CoinShares Asset Management was granted authorization from the Markets…...
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Ethereum Treasury Company Trend ‘Will Accelerate’, Says Bitwise’s Matt Hougan—Here’s What It Means For ETH’s Price
Ethereum‘s (CRYPTO: ETH) recent price rally is being driven by a sharp imbalance between new supply and institutional demand, according to Bitwise Chief Investment Officer Matt Hougan. What Happened: In an X thread posted on Tuesday, Hougan cited data showing that Ethereum exchange-traded products (ETPs) and corporate treasuries have...
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