Tag: News

ETF Issuer Says XRP Is A Tactical Play For Institutional Investors, Here’s Why

Institutional confidence in the cryptocurrency market is gaining new momentum, particularly with XRP, which is increasingly becoming a focal point for investors. A recent release by ETF issuer WisdomTree, now circulating across the social media platform X and amplified by crypto commentator SMQKE, is projecting XRP as a “tactical...
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BNB Rally Far From Over: New ATHs on the Horizon

TL;DR BNB reached $880 before settling near $860, with $2.36B in daily trading activity recorded. Analyst Cas Abbé confirms $800 breakout retest, setting short-term expansion targets at $900 and $1,000. Market sentiment remains mixed, with some traders calling for $1,200 if momentum sustains above $800. BNB Hits Record Price...
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MetaMask Enters Stablecoin Wars With Stripe-Backed mUSD Launch

Consensys-developed self-custodial wallet, MetaMask, has introduced its native stablecoin, MetaMask USD (mUSD). The launch is significant as it marks the first instance of a self-custodial wallet issuing a native stablecoin. The asset is issued by Bridge, a Stripe-owned stablecoin platform, and operates on-chain through M0, a decentralized infrastructure designed...
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Bitcoin Opportunity? Binance Futures Sentiment Crashes to Local Lows

Over the past week, the market has been choppy as investors weigh mixed cues on jobs, inflation, and interest rates. Bitcoin briefly fell near $112,500 on Tuesday, before a modest recovery to the current $113,500. A potential contrarian signal has emerged, which can indicate buying opportunities in derivatives. Bullish...
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Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America

Bank of America’s (BAC) rates strategy team said the U.S. Treasury market is increasingly shaped by two emerging forces: stablecoin demand for T-bills and the tokenization of government debt-related assets. BofA views stablecoins as less of a game-changer for Treasuries than for money market mutual funds (MMFs), where their...
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Hyperliquid Now Dominates DeFi Derivatives, Processing $30B a Day

Data provider RedStone has released a new report on Hyperliquid, the decentralized perpetuals exchange that has quickly become the category leader. In just a year, Hyperliquid has grown to capture more than 80% of the decentralized perps market, with daily trading volumes now topping $30 billion, rivaling some of...
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