Bitcoin faces a potential correction. It must quickly reclaim $110,800. Failure to do so could trigger a further downturn. Glassnode identified a key metric. $110,800 is the average cost for new investors, based on May through July buyers. During this period, Bitcoin hit new all-time highs. Bitcoin Should Defend $110,800 Glassnode explains that the average…
South Korea is racing against time to regulate stablecoins. The regulators are finalizing stablecoin legislation while industry players urge faster regulatory clarity to compete globally. A seminar held on Monday at the National Assembly in Seoul gave a glimpse of the state of the industry. Regulators Push Legislation Since RedoPay, a Hong Kong company’s crypto…
The Abu Dhabi royal family has strategically built a $700M (₩970B) Bitcoin reserve. They are among the world’s wealthiest families. Arkham Intelligence revealed this in its latest report. The findings reveal that the United Arab Emirates (UAE) holds 6,333 BTC. The state generated these through sophisticated mining operations, not market purchases or seizures. $700M in BTC Mined…
Fidelity Digital Assets’ latest report on Ethereum outlines three distinct development trajectories for the market’s largest smart contract platform. It also positions Ethereum’s decentralization approach as a middle ground between Bitcoin’s extreme security and Solana’s speed-centric model. Three Scenarios for Ethereum from Fidelity In the bull scenario, smart contract platforms could reshape how people collaborate…
Stader (SD) defied the broader market slump, emerging as one of today’s top crypto gainers. The token’s sharp rise came after Bithumb, one of South Korea’s leading exchanges, announced the altcoin’s official listing on its spot trading platform. Bithumb Announces Stader (SD) Listing For context, Stader is a multi-chain staking platform offering non-custodial and liquid…
Chainlink (LINK) is retesting a crucial support zone amid the market pullback, leading some analysts to suggest that another significant drop may be coming if the current levels don’t hold. Chainlink Loses $25 Support On Monday, Chainlink followed the rest of the market, dropping 10% to the local range lows. The cryptocurrency hit an eight-month…
American venture capital and hedge fund firm, Pantera Capital, is reportedly pursuing a $1.25 billion fundraising effort to convert a Nasdaq-listed company into a dedicated Solana (SOL) treasury vehicle. The move comes as institutional investors continue to increase their crypto exposure. While Bitcoin (BTC) and Ethereum (ETH) remain top choices, Solana is also gaining traction,…
The U.S. Securities and Exchange Commission has delayed decisions on the Canary spot PENGU ETF and the Grayscale spot Cardano ETF. This marks another pause in the approval process for U.S. exchange-traded funds that provide direct exposure to cryptocurrency prices. The applications aim to expand mainstream participation in crypto investing. However, regulators have chosen to…
The cryptocurrency market skilled important turbulence previously 24 hours, with the full market capitalization dropping 3.83%. The downturn triggered practically $1 billion in crypto liquidations, largely from lengthy positions. Regardless of the sharp decline, buyers proceed to purchase the dip, suggesting resilient confidence available in the market’s long-term trajectory. Crypto Market Slides, However Whale Shopping…
B Technique, a digital asset agency based by former Bitmain executives, mentioned in a Monday press release that it’s going to launch a Nasdaq-listed BNB treasury firm focusing on a $1 billion increase.‹ Backed by YZi Labs—the household workplace of Binance co-founder Changpeng Zhao—the initiative seeks to create a regulated automobile for institutional publicity to…