Traders cashed out nearly $1.2 billion worth of Bitcoin in a single day last week — a sign that the recent recovery may be running out of steam. Related Reading On May 4, investors sold 14,600 Bitcoin, pushing daily realized profits to their highest point since early December. According to CryptoQuant, that kind of selling…
A DeFi advocacy group has warned about a list of proposed amendments to the long-awaited crypto market structure bill that threaten the sector’s developers and hinder innovation in the US. Related Reading CLARITY Act Amendments Could Harm The DeFi Sector On Wednesday, the DeFi Education Fund (DEF) shared a list of 16 “anti-DeFi amendments” to…
XRP investment products witnessed a notable spike in inflows last week. CoinShares data shows that XRP products attracted $39.6 million last week, a 1,220% jump from the modest $3 million recorded in the previous week. The move came as digital asset investment products posted their sixth straight week of inflows, bringing in $857.9 million across…
The Senate Banking Committee will mark up the Digital Asset Market Clarity Act on Thursday, but the legislation arrives at the dais carrying more than 100 amendments — the bulk of them from Democrats who want to gut, rewrite, or weaponize portions of the bill that Republican negotiators believed were already settled. According to a…
As the Senate Banking Committee prepares to mark up the long-anticipated CLARITY Act on Thursday, Coinbase CEO Brian Armstrong has argued that the newest version of the bill represents a workable “compromise” and could meaningfully improve the US financial system. Speaking to FOX Business, Armstrong said the updated draft reflects concessions on both sides—what he…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
A major piece of US crypto legislation is now in the spotlight with XRP at the center: the CLARITY Act draft text was released Monday night, totaling 309 pages and arriving ahead of a key Senate markup scheduled for Thursday. The bill has been delayed since January, but the appearance of the full draft has…
Strategy Inc. is back in the market. After a two-week pause that left some shareholders questioning whether Michael Saylor's accumulation machine had finally found a ceiling, the world's largest corporate bitcoin holder disclosed Monday that it bought 535 BTC for $43 million between May 4 and May 10, paying an average of $80,340 per coin.…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…
Crypto analyst Tom has declared that a projected XRP rally to $21.5 isn’t a gamble and will definitely happen. This came as he revealed that a measured move is coming for the altcoin, which will send its price to this $21 target. XRP Eyes Measured Move To New ATH Of $21.5 In an X post,…