Tag: News

Bitcoin (BTC) bounced off the $111,800 support level on Friday, sharply rising by 2.6% to $114,800 after Federal Reserve chairman Jerome Powell hinted at potential rate cuts during a speech at Jackson Hole. The swift move, preceded by a sell-off leading up to the speech, resulted in the liquidation...

Shares of ETHZilla (ETHZ), formerly known as biotech firm 180 Life Science, fell nearly 30% Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The offering sparked concerns about dilution, a process where existing shareholders’ stakes lose value as more stock enters...

Crypto-linked stocks and digital assets surged on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank could begin cutting interest rates as soon as September. The tone marked a shift after weeks of growing investor doubt that the Fed would act before year-end. Bitcoin (BTC) and...

With the chairmanship still an open question for the Commodity Futures Trading Commission — likely to be a leading U.S. watchdog for crypto — its interim leader, Caroline Pham, is getting started on recommendations from the recent crypto report of the President’s Working Group. The CFTC, which regulates U.S....

Ether treasury firm SharpLink Gaming (SBET) has authorized a stock purchase program of up to $1.5 billion. SharpLink, which is helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, said it will make the repurchases at a time and in amounts that depend on market conditions and share price...

XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday, causing bitcoin (BTC) and major tokens to move higher. 470 million token selloff drove volume spikes and heavy resistance at $2.92, while ETF delays and weak security rankings compound...

Perhaps surprising markets which had expected a hawkish tone, Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday. Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell said the shifting balance of risks may warrant adjusting policy. “Downside risks...

Kroll, a financial and risk advisory firm, is facing a class-action suit after a data breach that exposed personal details of creditors tied to FTX, BlockFi and Genesis. According to the complaint, the breach in August 2023 let malicious actors obtain sensitive data, and that exposure has led to...

TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum’s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals...

The crypto market is down today, August 22, as sentiment wanes and participants await Federal Reserve chair Jerome Powell’s speech at the Jackson Hole Symposium. Bitcoin (BTC) dropped to the important support at $112,000, down by 10% from its highest…...