New York-based stablecoin developer Paxos Trust Company, has announced its intention to apply for a national trust bank charter in the United States, as reported by Reuters on Monday. Paxos Joins Ripple And Circle In Pursuit If granted by the US Office of the Comptroller of the Currency (OCC), the charter would empower Paxos to…
Ethena (ENA) has experienced notable growth in the cryptocurrency market, recording a 150% increase over the past 30 days and rising by 40% during the previous week. The explosive growth coincides with the protocol’s Total Value Locked (TVL) surpassing $10 billion for the first time, driven by surging adoption of its synthetic dollar, USDe, which…
Crypto asset investment products recorded net inflows last week, reversing two consecutive weeks of outflows, according to the latest data from CoinShares. The report showed that total inflows reached $572 million, with activity influenced by both macroeconomic data and regulatory developments. James Butterfill, head of research at CoinShares, noted that investor sentiment shifted significantly during…
Crypto-related exchange-traded funds (ETFs) now make up 10 of the top 20 ETFs in the overall market, launched since the beginning of 2024. This has come against a backdrop of good performance for these investment products so far in 2025. ETF Leaderboard According to an August 10 X post by wealth manager Nate Geraci, more…
BitMine Immersion Technologies Inc. shares jumped this week after a steep rally on Friday, and traders kept the momentum into Monday. According to company disclosures, BitMine reported holding 1.15 million ETH as of August 10, with that stash valued at $4.96 billion, up from roughly 833,137 ETH and nearly $3 billion just a week earlier….
Binance’s exchange token continues to thrive and post notable results. With strong backing from investors and institutions, coupled with social media engagement, it seems poised for new, uncharted territories. Surpassing Retail Giants BNB, the native token of the Binance ecosystem, has achieved an impressive feat by surpassing the market capitalizations of sports retailer Nike and…
Senator Elizabeth Warren is stepping up her call for strict cryptocurrency regulation, worried that industry-backed legislation can undermine consumer protections and weaken oversight. She is calling for measures that exclude corporate influence from policy-making and keep public servants from holding financial interests that could sway their decisions. Warren Rejects Industry-Written Rules In her recent remarks,…
About $653 million worth of crypto tokens are set to be released into circulation this week. Investors will be keeping an eye out for potential price swings for several major assets, with data from the Tokenomist website showing large one-time and daily unlocks between August 11 and August 18. Heavy Supply Wave Fasttoken (FTN) boasts…
The pace of profit-taking by veteran Bitcoin (BTC) holders has cooled off in August as they resist selling, signaling a shift in market dynamics after a record-breaking July. Data shared by on-chain analytics platform Glassnode shows realized profits by long-term holders, measured over a seven-day moving average, have dipped sharply from July’s $1 billion per…
The crypto market is heating up, with Bitcoin testing a critical resistance zone just below its all-time high and Ethereum surging past the $4,300 mark to reach multi-year highs. This renewed strength is fueling optimism across the sector, with some analysts calling for the long-awaited altseason as bullish structures take shape in many altcoins. The…