Ethereum Double Trouble: ETH Prices Fall Below $1,800 Price Crash Amid Testnet Attack
Crypto market capitalization has tanked to its lowest point since early November with $240 billion getting wiped out over the past day. This has resulted in a 6% fall to $2.6 trillion as all post-US election gains have now been wiped out. Ethereum has taken the brunt of the...
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SBF’s political gamble on Trump is unlikely to pay off
SBF’s failed political maneuvering highlights the complexities and risks of seeking clemency through partisan alignment, impacting public trust. The post SBF’s political gamble on Trump is unlikely to pay off appeared first on Crypto Briefing....
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Texas introduces second Bitcoin reserve bill to allow $250M investment
Texas state lawmakers have introduced a second Bitcoin reserve bill that would allow the state Comptroller to invest up to $250 million in Bitcoin or other cryptocurrencies. On March 11, a document on the Texas state government site reveals another…...
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ELX crypto surges over 60% ahead of Bithumb listing, what is ELX?
ELX crypto surged by as high as 68% in the past 24 hours of trading ahead of a listing on South Korean crypto exchange Bithumb. According to data from CoinGecko, Elixir’s (ELX) rallied to an all-time high of $0.726 on…...
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Crypto may see ‘more turbulence’ due to macroeconomic and global concerns, analysts say
Bitcoin and altcoins remain at risk in the short term as macroeconomic and global concerns drive market sentiment, Santiment says. Crypto investors should brace for more turbulence ahead as major selling pressure from large Bitcoin (BTC) holders has pushed prices…...
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Bitcoin and Nasdaq Could Stabilize as Bull Positioning in Yen Appears Stretched
It may be a coincidence, but the recent decline in the Nasdaq and bitcoin (BTC) coincides with a sharp rise in Japanese government bond yields and the strengthening of the safe-haven Japanese yen (JPY), reminiscent of the market dynamics seen in early August. There could be a causation here,...
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$500 Million In Crypto Longs Gone As Bitcoin Crashes Under $80,000
Data shows the cryptocurrency derivatives market has witnessed a mass liquidation event as Bitcoin and other digital assets have plunged. Crypto Liquidations Have Exceeded $680 Million In Last 24 Hours According to data from CoinGlass, a large amount of liquidations have occurred on the derivatives platforms during the past...
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Stablecoin market cap hits record high of $226B, indicating capital rotation
The stablecoin market cap has reached a new all-time high of $226.8 billion, up from $132 billion in January 2024. According to data from DefiLlama, $2.43 billion in stablecoins was added in the past week alone. With a market value…...
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Latest Draft of U.S. Stablecoin Bill Aims to Split Power Between State and Federal Authorities
The latest draft of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, introduced before a hearing Tuesday, proposes a significant shift in the approach to stablecoin oversight. The draft want to split stablecoin regulation between state and federal authorities, while also introducing new enforcement and transparency...
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SEC considers dropping controversial rule affecting crypto firms
A controversial rule that expanded the definition of exchanges to include crypto firms may be abandoned as U.S. Securities and Exchange Commission Acting Chairman Mark Uyeda calls for a reassessment. The regulation in question is a 2020 rule originally designed…...
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