Day: November 4, 2025

Peter Schiff Doubts Trump’s Crypto Plans, Labels Bitcoin a Ponzi Scheme

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The Bitcoin critic argues the United States is chasing speculation while China is focusing on real industries. Economist Peter Schiff has once again sparked controversy by criticizing U.S. President Donald Trump’s recent endorsement of digital assets. The renowned gold bug alleged that the administration is prioritizing speculative schemes over genuine economic innovation. Schiff Slams Trump’s “Crypto Capital” Vision Schiff’s remarks came after Trump reiterated his “100% support” for the digital asset industry in a recent interview, vowing to make the United States the world’s “Crypto Capital.” The president stressed…

Bankman-Fried lawyers to argue before court today, seeking retrial over FTX fraud conviction

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Key Takeaways Sam Bankman-Fried, FTX co-founder, has appealed his 25-year prison sentence for fraud involving the exchange’s collapse. The appeal argues trial bias, specifically accusations against Judge Lewis Kaplan for being unfair and mocking. Share this article Lawyers for Sam Bankman-Fried, the co-founder of FTX, will appear before the US Court of Appeals for the Second Circuit on Tuesday, seeking a new trial to overturn his 25-year prison sentence for fraud. The appeal centers on claims of trial bias, with Bankman-Fried’s legal team demanding a retrial with a new judge.…

Is the $5 Price Target Still in Play?

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Key points: XRP (XRP) is flashing a familiar technical pattern that has historically preceded sharp short-term price rebounds. XRP bulls still focus on $5 despite latest dip XRP’s three-day chart shows a “hidden bullish divergence,” where the price forms higher lows while the relative strength index (RSI) posts lower lows. In technical analysis, most analysts perceive this pattern as a sign of weakening downside momentum. Two such divergences appeared in XRP’s recent history. The first formed in early 2022, leading to a 69% bounce before prices resumed their broader decline.…

Ripple’s Stablecoin RLUSD Crosses $1B In Market Cap

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Ripple USD, a stablecoin created by XRP issuer Ripple, has surpassed $1 billion market capitalization, marking a significant milestone less than a year after its launch. Officially launched in December 2024, the Ripple USD (RLUSD) stablecoin has achieved a remarkable 1,278% year-to-date growth in market capitalization. The stablecoin first broke through the $1 billion mark on Monday, just a few days after reaching $900 million on Oct. 24, according to CoinGecko data. “With Ripple Prime, GTreasury, and Rail now joining the effort, RLUSD and XRP will drive faster, efficient and…

CZ’s Giggle Academy Distances From GIGGLE Amid Price Swings

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Giggle Academy, a crypto educational project founded by Binance co-founder and former CEO Changpeng “CZ” Zhao, has renewed efforts to distance itself from the Giggle Fund token amid heightened volatility and mounting community skepticism. In a Tuesday X post, Giggle Academy clarified that GIGGLE — a newly launched token linked to the project — is not issued by the organization and is a community-initiated memecoin. “The Giggle memecoin is not an official coin launched by Giggle Academy,” CZ wrote on X on Monday, adding: “I don’t know who launched it.”…

Binance CEO denies boosting Trump crypto venture ahead of pardon

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Key Takeaways Binance CEO has refuted claims that the exchange supported Donald Trump-linked crypto initiatives in return for a presidential pardon for Binance founder Changpeng Zhao (CZ). CZ, who pleaded guilty to money laundering charges, was recently pardoned by Trump, who framed the move as combating political persecution of the crypto industry. Share this article Binance CEO Richard Teng denied allegations that the crypto exchange promoted a President Trump-backed crypto venture in exchange for a presidential pardon for company founder Changpeng Zhao. The denial comes after Trump pardoned CZ, who…

Which Could Offer Better 2025 Returns?

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Bitcoin remains the benchmark of digital assets, and according to global asset manager VanEck, its evolution into “digital gold” is nearly complete. In an interview on The Paul Barron Show, Matthew Sigel, VanEck’s Head of Digital Assets Research, reaffirmed that the four-year Bitcoin cycle still defines the asset’s long-term rhythm. Each halving — a programmed 50% reduction in block rewards — strengthens Bitcoin’s scarcity narrative while reducing new supply. The firm pointed to Bitcoin’s capped supply of 21 million coins and its growing adoption by ETFs, corporations, and even sovereign…

ESMA crypto supervision plan creates concerns for MICA, EU crypto firms

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The European Commission’s plan to expand the authority of the European Securities and Markets Authority (ESMA) over cryptocurrency and capital markets has sparked debate across Europe, with critics warning it could stifle innovation and slow down decision-making. The European Union is reportedly exploring giving the ESMA direct supervisory powers over stock exchanges and crypto service providers, potentially creating a centralized regulatory framework more similar to the US Securities and Exchange Commission (SEC). The European Commission is expected to publish a draft of the plan in December. Under the existing Markets…

Tradeweb partners with Chainlink to publish US Treasury benchmark data on-chain

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Key Takeaways Tradeweb is bringing US Treasury benchmark prices on-chain with Chainlink. Institutions will be able to leverage high-quality Treasury data for tokenized financial products, risk management, and analytics. Share this article Tradeweb, a leader in electronic marketplaces, has partnered with Chainlink to make Tradeweb FTSE US Treasury Benchmark Closing Prices available on-chain through DataLink. The initiative enhances transparency and accessibility in the US Treasury market by offering reliable, real-time benchmark pricing to institutional clients. Chris Bruner, Tradeweb’s Chief Product Officer, described the collaboration with Chainlink as a pivotal move…

$284M In DeFi Loans And Stablecoin Risk Traced To Stream Finance

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Decentralized finance (DeFi) researchers mapped out more than $284 million in stablecoin exposure and outstanding loans linked to Stream Finance, following the protocol’s collapse.  On Tuesday, a detailed post by DeFi group Yields and More (YAM) flagged dozens of lending markets and vaults, including platforms Euler, Silo, Morpho and Gearbox, that held positions connected to Stream’s synthetic assets, which include xUSD, xBTC and xETH.  The data highlighted the extent of the fallout. Exposure loops involving Elixir’s deUSD, Treeve’s scUSD and other assets suggested that at least $284.9 million in overall…