The Federal Reserve’s Reverse Repo Facility (RRP) dropped to its lowest level in 1,596 days, suggesting a crack in the liquidity backbone of global markets. This turnout, which points to tightening financial conditions, raises alarm bells across Wall Street and crypto circles. Experts Warn as Federal Reserve Reverse Repo Drops to a 5-Year Low Malone…
In a current deal with, pro-crypto Senator Cynthia Lummis revealed her efforts to expedite the passage of a vital piece of laws generally known as the Market Construction Invoice. This initiative follows the current enactment of a number of vital legal guidelines, together with the GENIUS Act, the CLARITY Act, and the Anti-CBDC payments, all…
Yesterday, a federal decide in New York ordered Eddy Alexandre, founding father of the now-defunct cryptocurrency platform EminiFX, to pay $228 million in restitution for orchestrating a Ponzi scheme that defrauded tens of 1000’s of traders. EminiFX CEO To Pay $228 Million In Restitution In line with a court docket submitting revealed on August 19,…
Talking on the Wyoming Blockchain Symposium on Wednesday, central financial institution Governor Christopher Waller mentioned, “the cost system is experiencing what I’ve referred to as a ‘technology-driven revolution’.” He added that this consists of on the spot funds, digital wallets, cell cost apps, stablecoins, and different digital belongings, and AI. He particularly cited stablecoins, or…
Ye (Kanye West), an American rapper and entrepreneur, has formally launched his cryptocurrency, the YZY meme coin, on the Solana (SOL) blockchain. Notably, the token’s market cap briefly surged as excessive as $3 billion after launch. Nevertheless, amid this extremely anticipated launch, consultants are elevating considerations about insider buying and selling and potential market manipulation….
Hong Kong-based Ming Shing Group Holdings has agreed to acquire 4,250 bitcoins worth nearly $483 million, adding digital assets to its corporate treasury. Ming Shing Group Holdings Limited, a leading Hong Kong construction company listed on NASDAQ as MSW, signed a purchase agreement with Winning Mission Group Limited. Ming Shing Enters Bitcoin Treasury Strategy The…
Windtree Therapeutics noticed its shares collapse on Wednesday after Nasdaq mentioned it could delist the biotech for failing to adjust to itemizing requirements. Key Takeaways: Windtree Therapeutics’ inventory collapsed 77% after Nasdaq moved to delist the biotech for failing to fulfill the $1 minimal bid value rule. The corporate had just lately launched a BNB…
Kanye West unveiled a Solana-based meme coin called “YZY” on Thursday, immediately sparking volatile trading that saw its market cap soar and tumble in hours. The token surged nearly 1,000% within minutes of its debut, briefly hitting a market capitalization of around $3b before slipping to about $137m, according to CoinGecko. “The official Yeezy token…
Data shows the Bitcoin Fear & Greed Index has seen a bearish flip following the plunge in the cryptocurrency’s price to $113,000. Bitcoin Has Continued Its Recent Drawdown Since setting a new all-time high (ATH) above $124,000 one week ago, Bitcoin has been facing a downtrend. The bearish momentum has only furthered during the past…
Solana started a fresh increase from the $175 zone. SOL price is now recovering higher and might aim for a move above the $188 resistance zone. SOL price started a recovery wave after it tested the $175 zone against the US Dollar. The price is now trading above $182 and the 100-hourly simple moving average….