The Hong Kong Monetary Authority (HKMA) CEO advised against excessive speculation amid the growing interest in the stablecoins sector. The warning comes ahead of the enactment of key related legislation and the imminent issuance of licenses. HKMA Concerned Over Stablecoins Hype On Wednesday, Hong Kong Monetary Authority CEO Eddie Yue shared a blogpost on the…
Bitcoin continues to hover below its all-time high, with current trading levels near $118,000 reflecting a 0.6% daily drop and a 3.8% pullback from the peak above $123,000 recorded earlier this month. While the broader trend remains uncertain, analysts have assessed on-chain activity for signs of the next major move. Recent data from CryptoQuant analysts…
The growing intersection between traditional finance and digital asset infrastructure has taken another step forward, as Goldman Sachs and BNY Mellon announced a joint initiative aimed at integrating blockchain technology into the money market fund (MMF) ecosystem. The collaboration will see BNY Mellon leverage Goldman Sachs’ GS DAP® (also known as its private blockchain) to…
US crypto watchers are on edge. A new policy report is set to land before the month ends – and it could reshape how digital assets fit into the US government’s plans. Working Group Sets Release Date According to an X post by Bo Hines, the President’s Digital Asset Working Group wrapped up its 180‑day…
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish…
Bitcoin (BTC) may be on the edge of a significant market move, as a crypto analyst warns that failure to reach an all-time high in the coming weeks could trigger a sharp correction. While long-term bullish sentiment remains strong, the immediate outlook hinges on whether BTC can maintain an upward momentum and avoid a damaging…
PENGU is finally getting serious consideration this week, with indications of strength straight out of the derivatives market. Open interest has spiked to $591 million, while overall derivatives volume detonated to more than $4.43 billion. That’s a 35% jump in open interest and a massive 291% spike in volume, based on data from Coinglass. This…
As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a…
Litecoin (LTC) is picking up speed. The coin is now trading at $116 after rising 20% over the last seven days. Trade volume has also jumped by 1.30%, hitting $1.27 billion. That’s a clear sign of growing activity. Over the past week, LTC has surged by 24%, reaching a high of $119.21. For many traders…
Bitcoin price continues to demonstrate remarkable resilience, which has earned it recognition from prominent analyst Tom Lee, who labelled it the ‘Digital Gold’ while forecasting a potential $1 million valuation in the coming years. In a recent CNBC Squawk Box appearance, Lee, serving as Chief Investment Officer at Fundstrat Capital and Chairman of Bitmine, emphasized…