Bitcoin (BTC) has fallen to its 200-week moving average near $62,000, touching the long-term support level for the first time this cycle. The famous Rainbow Chart has slid into its fire-sale band at the same moment. The two signals have historically marked deep accumulation zones. However, both indicators also failed to act as clean floors…
Days after a federal jury convicted short seller Andrew Left of moving stock prices through public commentary for personal profit, CFTC Chairman Mike Selig said the same logic applies to prediction markets. “If somebody is engaging in behavior to drive up the price artificially, of course, we’re gonna consider a manipulation action,” Selig said Tuesday…
Crypto markets are in shambles again, with bitcoin dipping to $61,000 earlier this morning for the first time in four months. Although some alts managed to withstand the calamity at first, they have joined the ride with even more profound losses. Ripple’s XRP is no exception. The asset stood above $1.55 just a few weeks…
Cash App’s first NFC-enabled payment device, the $25 Magic Wand, sold out shortly after going live on June 4, marking the debut of Block’s new “Cash App Tags” hardware lineup. The quick sellout signals strong consumer appetite for accessory-format payment tools, particularly among younger users. These users already anchor their financial lives around the platform….
The Federal Open Market Committee (FOMC) meeting is held eight times a year, and just like with any financial market, the outcome of each meeting has implications for the likes of Bitcoin. The announcement that follows the FOMC meeting reveals whether interest rates have been changed or if they’re staying the same. Now, another FOMC…
Apyx’s apxUSD fell beneath its dollar reference on June 4 as Bitcoin traded close to $63,000, putting DeFi dollar peg risk again in focus. A Bitget report mentioned the token briefly touched $0.93 throughout the selloff. The report framed Apyx’s response as a design level: apxUSD’s reserve risk is essentially borne by Strategy’s STRC most…
New Mexico Attorney General Raúl Torrez introduced his workplace’s lawsuit in state court docket towards Kalshi on Thursday, searching for to dam entry to sporting event-related contract buying and selling on the corporate’s alternate for folks throughout the state’s borders. With the motion, Torrez joins many different state attorneys basic who’ve taken or are at…
Grayscale Head of Research Zach Pandl mentioned that Strategy’s sale of 32 BTC has heightened scrutiny of the corporate’s leveraged accumulation strategy. In a latest report, he argued that weaker costs for the corporate’s most well-liked fairness may carry dividend commitments and, in flip, improve the chance of extra Bitcoin gross sales. According to Grayscale,…
In Web2, discovering an app is sort of computerized. You open an app retailer, you search, you put in, carried out. In Web3, it’s not actually like that. There are 1000’s of apps, however no single place the place all of them dwell in a clear, apparent manner. Most customers find yourself discovering issues by…
This Friday, we look at Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in larger element. Ethereum (ETH) This week was one of many worst of this bear market as most cryptocurrencies fell by double digits. Ethereum was no totally different, crashing 17%. Unfortunately, the $1,800 assist couldn’t maintain the bears again and rapidly was resistance….