News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.
The latest price moves in crypto markets in context for July 14, 2023.
The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.
XRP's market capitalisation surged by more than 60% to $41.44 billion in the past 24 hours.
XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.
Several Layer 1 tokens are soaring as SEC cases are called into question after a favorable XRP ruling.
Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
- 12:55The US Stablecoin GENIUS Act Sparks Intense Bipartisan StruggleThe upcoming Senate vote on the GENIUS stablecoin bill has sparked intense bipartisan contention. The legislative controversy disclosed on June 6 indicates that the bill could reshape the $250 billion stablecoin market landscape, but it faces strong opposition from figures like Missouri Republican Senator Josh Hawley, who argues that it would grant tech giants excessive financial control. Hawley accuses the bill of effectively giving the green light for tech companies like Meta to issue stablecoins, and his proposed amendment requires non-financial public companies to obtain approval from a newly established "Stablecoin Certification Review Committee." Although some provisions were adopted, he criticized the final version for weakening key regulatory constraints. On the Democratic side, there are concerns that the bill might provide regulatory arbitrage opportunities for private enterprises like Musk's X Money, with plans to propose an amendment prohibiting tech companies from issuing stablecoins. (The New York Times)
- 12:55James Wynn withdraws the last $700,000 from HyperliquidAccording to on-chain analyst Ember's monitoring, James Wynn withdrew the last $700,000 from Hyperliquid and then transferred 250,000 USDC into a CEX. In fact, he has transferred a total of 1,050,000 USDC to the CEX in recent days.
- 12:54Analyst: The Federal Reserve is Almost Certain to Opt Against Cutting Interest Rates AgainAnalysts from The New York Times stated that the employment report reinforced the Federal Reserve's wait-and-see attitude towards further interest rate cuts. The Federal Reserve is almost certain to choose not to cut rates again at its meeting later this month (June 18).