Senator Cynthia Lummis (R-WY) supports U.S. Treasury Secretary Scott Bessent’s Fox News interview this week, in which he revealed that the U.S. will not be buying Bitcoin for its Strategic Bitcoin Reserve (SBR). Sen. Cynthia Lummis Applauds Budget-Neutral Bitcoin Plan Speaking with reporter Maria Bartiromo on Thursday, Bessent revealed that the U.S. will not purchase…
The U.S. Federal Reserve has announced that it will dismantle its “Novel Activities Supervision Program,” a regulatory initiative launched in 2023 to more closely oversee banks’ involvement in cryptocurrencies, stablecoins, and other emerging financial technologies. The move comes amid political pressure and growing criticism from pro-crypto lawmakers, with some framing the program as part of…
Bitcoin (BTC) staged a mild rebound from yesterday’s inflation-driven drop to $117,180, climbing back toward $119,000 at the time of writing. A declining leverage ratio suggests the top cryptocurrency’s bullish momentum could persist, keeping it in the running for a new all-time high (ATH) in the near term. Bitcoin Leverage Ratio Falls, Bulls Rejoice According…
Solana (SOL) trading activity contracted sharply in the second quarter while the network’s core infrastructure metrics strengthened across multiple dimensions. According to an Aug. 15 report by Messari, the total application revenue generated on the network fell 44.2% quarter-over-quarter to $576.4 million from $1.0 billion. Furthermore, average daily spot decentralized exchange (DEX) volume dropped 45.4%…
Bitcoin surged to a fresh all-time high of $124,500 yesterday, marking another milestone in its historic 2025 run. However, the celebration was short-lived as the world’s largest cryptocurrency faced immediate selling pressure, pulling prices back and signaling the start of a new phase in market dynamics. The rally, fueled by weeks of strong buying momentum,…
OpenAI founder Sam Altman warned of an AI bubble that might have profound implications for crypto. Many leading AI tokens might be overvalued, deriving their market presence from generalized hype. Despite decentralized AI developers’ ambitious goals, massive LLM builders and VC funds are steering this market. Problems at the highest levels could cause nasty fallout…
Altcoin market capitalization (TOTAL3 – excluding BTC and ETH) surpassed $1.1 trillion in the second week of August. It now needs less than a 10% increase to set a new all-time high. In this context, several altcoins have seen a sharp drop in exchange reserves, reflecting accumulation and long-term holding activity. Most reports and analyses…
DeFi Development Corp. (Nasdaq: DFDV) has expanded its Solana holdings in a major new purchase, adding 110,000 SOL at an average price of $201.68, worth about $22 million. The acquisition lifts the company’s total balance to 1,420,173 SOL and SOL equivalents, valued at approximately $273 million. The move has pushed the company’s key performance metric,…
$FLOKI has slipped 5% on August 15, pulling back to key support as sellers keep the upper hand. Yet under the surface, fresh partnerships, listings, and product rollouts hint that the memecoin’s next chapter may be bigger than its pullback. Despite the pullback to $0.00001039, Floki is stacking bullish catalysts, including a major exchange debut,…
A leading market analyst is warning XRP holders that dreams of a $1,000 price tag are far from reality. The expert, Tony The Bull, says the numbers simply do not add up, and reaching that level would require an economy-shaking leap in value. According to him, the market cap at such a price would not…