Category: Bitcoin News

How Low Can The Price Go Next?

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Key takeaways: XRP (XRP) has repeatedly broken above the $3 level since its November 2024 boom, but each attempt has ended in a fakeout followed by deeper corrections. XRP/USD four-hour price chart. Source: TradingView On Saturday, its price once again slipped below its $3 support, coinciding with its 200-4H exponential moving average (EMA; green wave). Can the XRP price decline even further in the coming days? Let’s examine. XRP chart fractal puts 15% correction in play XRP is mirroring a bearish fractal that may trigger a 15% drop toward $2.60…

Confidential Lending Will Unlock Trillions for DeFi Markets

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Opinion by: Jason Delabays, blockchain ecosystem lead at Zama Despite decentralized finance’s (DeFi) recent resurgence, most capital in traditional finance remains out of reach. Most will blame scalability, regulation or poor UX. The real blocker is far more fundamental: a lack of confidentiality. Solve that, and trillions will be unlocked.  At its December 2021 peak, DeFi’s total value locked (TVL) hit an incredible $260 billion. Zoom out, however, and that figure starts to feel small, especially when the global financial system moves trillions every day. Foreign exchange alone sees over…

JPMorgan Analysts Predict $165K BTC Price

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Key takeaways: Wall Street’s year-end Bitcoin forecasts range from $133,000 to as high as $200,000. Most agree that persistent Bitcoin ETF inflows and gold correlation may shoot BTC to new record highs. Bitcoin (BTC) has bounced by over 13% in the past seven days and is inching toward its record high of $124,500. BTC/USD daily price chart. Source: TradingView Bitcoin is poised to reach new record levels by the end of 2025, according to top Wall Street and UK financial institutions. Citigroup sees BTC reaching $133,000 Citigroup expects Bitcoin to…

Crypto VCs Are Becoming More Conservative: Exec

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Crypto venture capitalists are dialing back their risk appetite, avoiding the hot flavor of the month and applying a more critical lens to investments, according to Bullish Capital Management director Sylvia To. “VCs are a lot more careful now. It’s not just a narrative play. Before you could throw a check and say, Oh, there’s another L1 but it’s going to be an Ethereum killer,” To told Cointelegraph during a sit-down interview at Token2049 in Singapore. “Then subsequently, you saw all these new chains forming,” she said, explaining that the…

Companies Weigh in as UK Prepares to Reverse Crypto ETN Ban

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The UK’s Financial Conduct Authority (FCA) is set to soon reverse a ban on crypto exchange-traded notes (ETNs) for retail investors enacted in 2019. According to an Aug. 1 notice, the UK watchdog will lift a ban on retail access to crypto ETNs starting on Wednesday, provided they are traded on an “FCA-approved, UK-based investment exchange.” Unlike exchange-traded funds (ETFs), which are still banned in the UK for retail investors, ETNs represented debt securities tied to crypto and not backed by any underlying assets. With the lifting of the ban…

CleanSpark Sells $48.7M in Bitcoin, Treasury Tops 13K BTC in September

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Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury after reporting year-over-year gains in efficiency and output. The company said monthly production rose 27% from September 2024, with 629 Bitcoin (BTC) mined, and sold 445 BTC for roughly $48.7 million at an average price of $109,568. In its Friday update, CleanSpark said that fleet efficiency improved 26% year over year, while its average operating hashrate for the month was 45.6 EH/s. CleanSpark has been selling part of its monthly Bitcoin production since April as part of a push…

Judge Tosses 2022 Investor Lawsuit, Says Yuga NFTs Are Not Securities

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A US judge has dismissed an investor lawsuit against Web3 company Yuga Labs, ruling that the case failed to show non-fungible tokens (NFTs) meet the legal definition of securities. Judge Fernando M. Olguin ruled the plaintiffs did not demonstrate how Bored Ape Yacht Club (BAYC), ApeCoin (APE) or other NFTs sold by Yuga satisfied the three conditions of the Howey test, a standard used by the Securities and Exchange Commission (SEC) to determine whether a transaction qualifies as an investment contract. The lawsuit was originally filed in 2022. Yuba Labs…

Vietnam Central Bank Expects Credit Growth. Crypto to Benefit?

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The State Bank of Vietnam, the country’s central bank, anticipates credit growth of about 20% in 2025, a move that could see liquidity flow into global crypto markets amid rising adoption in the region. Pham Thanh Ha, deputy governor of the central bank, said Friday that interest rates need to be slashed further to encourage economic growth and mitigate the uncertainty from US-imposed tariffs, according to Reuters. Vietnam’s government legalized cryptocurrencies in June as part of broader technology regulation, which categorized cryptocurrencies as either virtual assets representing real-world tokenized products…

Ethereum Foundation Converts $4.5M ETH to Stablecoins

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The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives.  The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary. Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH. Source: Ethereum Foundation…

FDIC Set to Discuss Rule That May Shape Banks’ Crypto Relationships

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The Federal Deposit Insurance Corporation’s board of directors is set to discuss proposed rules that could impact crypto firms amid allegations of debanking. In a Thursday notice, the FDIC said its board would consider a notice of proposed rulemaking “regarding prohibition on use of reputation risk by regulators.” Though the agenda did not explicitly mention debanking concerns tied to digital assets, acting FDIC chair Travis Hill has previously criticized regulators for using “reputation risk” as justification to prevent some banks from engaging in crypto activities, such as allowing clients to…