Cryptocurrency Analysis and News Portal
Several cryptocurrency and blockchain associations advocating for the industry are pushing for a “prompt confirmation” of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC).In a Wednesday letter to US President Donald Trump, representatives from several crypto organizations reiterated their support for Quintenz’s confirmation in the Senate
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Key takeaways:XRP confirms a bearish descending triangle on the daily chart, risking an 18% drop to $2.40.Declining daily active addresses signal reduced transaction activity and cooling demand for XRP.Spot taker CVD remains negative, suggesting waning investor demand.XRP (XRP) traded 23% below its multi-year peak of $3.66, and a convergence of
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Bitcoin is trading almost $11,000 below its Aug. 14 record, according to CoinDesk data, but FalconX’s head of research says the market’s internal structure still looks “extremely bullish.”In a post on X on Wednesday, analyst David Lawant pointed to what happens in bitcoin’s order book — the live record of
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Key points:Bitcoin’s drop has resulted in net outflows from BTC ETFs on Tuesday, but buyers are likely to step in and arrest the decline near $110,530.Ether bulls are trying to flip the $4,094 level into support, indicating a positive sentiment.Bitcoin (BTC) is attempting to bounce off the immediate support near
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Wyoming Senator Cynthia Lummis, one of the Republicans leading the charge in support of legislation for digital asset market structure, has said a bill will end up on US President Donald Trump’s desk “before the end of the year.”Speaking at the Wyoming Blockchain Symposium in Jackson Hole on Wednesday, Lummis
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A growing share of the United Kingdom’s cryptocurrency investors are struggling to fund their accounts, highlighting the regulatory and banking hurdles facing the digital asset sector.An IG Group survey of 500 UK crypto investors and a broader sample of 2,000 adults found that 40% of users said their bank had
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JACKSON HOLE, Wyo. — U.S. Senator Cynthia Lummis (R-Wyo.) said that a final draft of crypto market structure legislation will be presented to U.S. President Donald Trump before Thanksgiving — notably, some time after Sen. Tim Scott's previous Sept. 30 deadline.“We will have it on the President’s desk before Thanksgiving,”
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After President Donald Trump's administration stepped in to delay the confirmation of his own pick to run the Commodity Futures Trading Commission, a mostly united crypto industry is now stepping out to cheer on the nominee, Brian Quintenz, sending the president a letter urging a quick approval.The confirmation of the
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Crypto exchange-traded funds (ETFs) saw nearly $1 billion in redemptions on Tuesday as bitcoin funds lost $523 million and ether ETFs shed $430 million. Fidelity’s funds led the exits, with no ETF managing an inflow. Market Shakeout Sees $523 Million Leave Bitcoin ETFs and $430 Million Pulled From Ether ETFs
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Key points:Bitcoin heads back below $113,000 at the Wall Street open as bulls fail to clinch support.BTC price manipulation is one explanation for the downside, with exchange order-book bid liquidity in focus.More crypto market volatility is expected from the Federal Reserve’s Jackson Hole event.Bitcoin (BTC) sought new local lows at
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