Altcoin Season Index Holds Steady at 51: What It Means for the Crypto Market
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House Democrats Probe Trump-Linked Crypto Firm Over $500M UAE Investment
US House Democrats, led by Californian Representative Ro Khanna, have launched an investigation into a UAE royal family-linked entity’s US$500 million investment into Trump-owned DeFi project, World Liberty Financial (WLFI). Khanna wrote to WLFI CEO, Zach Witkoff, seeking information about the deal including what exactly the UAE received, how profits are distributed, and how conflicts…
Ethereum Futures Open Interest Soars to Record $23 Billion as Analyst Predicts ‘Heavy Fireworks’
Data shows that open interest on Ethereum derivatives contracts has recently exploded upward to a new all-time high of $23 billion, up from around $7 billion at the beginning of the year, in an upward move that one analyst suggest is “guaranteed for heavy fireworks.” According to data from CoinGlass, there are now $23 billion…
Bitcoin Gets a Bounce to Start the Week – Brave New Coin
On Monday night, Bitcoin staged a minor recovery, jumping 5% to reclaim $57,000. Bitcoin (BTC) experienced a sharp 7% decline in early September dropping slow as $52,878. On Monday night, Bitcoin staged a minor recovery, jumping 5% to reclaim $57,000. This trend followed global stock market movements, influenced by expected U.S. inflation data and challenges…
Ripple Partners With Kyobo Life to Bring Tokenised Bonds to Korea’s Financial System
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Australia ‘Risks’ Falling Behind as RBA Governor Rejects Crypto’s Financial Role – Decrypt
Reserve Bank of Australia (RBA) Governor Michele Bullock recently delivered a blunt critique of crypto, stating digital assets like Bitcoin hold no role in Australia’s economy. “Don’t call it an alternative currency,” Bullock said at the Australian Securities and Investments Commission (ASIC) annual forum on Thursday. “It’s not a currency, it’s not money; it’s being…
Altcoins: Shiba Inu, Cardano, & DOGE To Outrun Bitcoin, ETH, XRP, Here’s Why
Shiba Inu, Cardano, and Dogecoin are positioned to outperform Bitcoin, Ethereum, and XRP, according to a recent report by on-chain analytics firm Santiment. The firm’s analysis reveals a favorable outlook for these altcoins, based on their 30-day Market Value to Realized Value (MVRV) metrics. This indicator suggests a higher potential for a short-term rally for…
