Gold price struggles to capitalize on Friday’s breakout momentum amid a positive risk tone. Fed rate cut bets, along with geopolitical risks, might continue to lend support to the metal. Traders look to FOMC minutes and Fed Chair Powell’s speech this … [Continue reading]
Fed’s Goolsbee: US credit conditions are tight and are getting tighter
Federal Reserve Bank of Chicago President Austan Goolsbee said on Sunday that central bank officials should be wary of keeping the restrictive policy in place longer than necessary. Key quotes Credit conditions seem tight and are getting … [Continue reading]
What Bitcoin did this week and what to expect from BTC
Bitcoin noted sustained demand from institutional investors with nearly $13 million inflows in a week, per IntoTheBlock data. The US government moved $600 million in Bitcoin, not for intent to sell, but for custody through a partnership with … [Continue reading]
Indian authorities crackdown on $145 million crypto extortion case involving Bitcoin and Litecoin
India’s Enforcement Directorate detained an individual linked to a crypto extortion case involving 2,091 BTC, 11,000 LTC and cash. The authorities conducted a money-laundering investigation based on complaints registered in relation to … [Continue reading]
Dogecoin whales surge by 50% in 30 days, here’s what this means for DOGE
Dogecoin wallet addresses with greater than 10 billion DOGE climbed by 50% in the last 30 days, per IntoTheBlock data. Nearly 48% of the wallet addresses holding Dogecoin are currently sitting on unrealized losses. DOGE could extend gains … [Continue reading]
Shiba Inu gears for 12% rally as ShibTorch burn portal goes live
Shiba Inu’s Layer 2 Shibarium announced the launch of ShibTorch, a burn portal on Friday. Every transaction on Shibarium now contributes to token burn, per the announcement. SHIB eyes 12% gains, trades at $0.00001334 at the time of … [Continue reading]
XRP update: Ripple USD, CLO comments on likelihood of SEC appeal, partnership with SBI Digital Asset Holdings
Ripple CLO Stuart Alderoty believes the SEC is less likely to appeal the final ruling in the lawsuit. Ripple’s SVP of stablecoins recently spoke on the definition of the asset as the firm continues to test RippleUSD in private beta. The … [Continue reading]
Solana hovers under $140 as its unclear whether SOL ETF filings are withdrawn
Solana ETF 19b-4 forms for VanEck and 21Shares are no longer visible on the CBOE website, leading to questions on whether applications were withdrawn. Solana ETF applications were filed on July 8, exchange operator CBOE had addressed the rising … [Continue reading]
AVAX set for $196 million supply shock amid heavy crypto unlocks next week
AVAX will add $196 million to its circulating supply, the largest among next week's crypto token unlocks. AVAX holders have experienced nearly a 50% loss year-to-date following consecutive price dips. Token Unlocks data for next week reveals … [Continue reading]
AAVE could see a massive rally if it completes key bullish move
AAVE's price is showing strength again after potentially washing away weak hands following price dips in mid-July and August 2. On-chain metrics show long-term holders are unwilling to sell despite recent price rally. AAVE could rally above its … [Continue reading]