Bitcoin has been trending on social media over the last few days as US politicians have been working toward an end to the disruptive US government shutdown, culminating in the Senate’s passage of the highly contested funding bill on Monday. It reportedly took around 10 hours for Republicans to get the job done on Monday…
Video-sharing platform Rumble announced a business combination agreement with AI infrastructure company Northern Data, following its deepening financial ties with stablecoin issuer Tether. In a Monday notice, Rumble said it would acquire Northern Data following its August announcement with Tether as part of a joint venture to purchase the AI infrastructure company. Reuters reported that…
Key takeaways: Bitcoin price rebounded as traders expected the US government shutdown to end this week. Bitcoin market analysis sees a squeeze toward $112,000 after a bullish weekly close. Bitcoin (BTC) rebounded overnight, rising as much as 5% to trade above $106,000 during the Asian trading session on Monday as bulls targeted sell liquidity. Traders…
Gas fees on the Ethereum layer-1 blockchain dropped to just 0.067 Gwei on Sunday, amid a lull in the crypto markets sparked by October’s historic market crash. The average price for executing a swap on Ethereum is just $0.11, non-fungible token (NFT) sales carry a fee of $0.19, bridging a digital asset to another blockchain…
Key points: Bitcoin faces an important weekly close with several key price levels on the line. The bull market’s future is still at stake, a trader says, amid ongoing whale selling. Risk assets should gain from a reduction in US trade tariffs or the end of the government shutdown. Bitcoin (BTC) wedged itself in a…
The recent volatility in Bitcoin’s dominance could be a signal that altcoin season is approaching sooner than many traders expect, according to a crypto analyst. “The reason why you should have confidence in the altcoin price action is because the BTC Dominance chart looks bearish and has looked bearish for many weeks,” crypto analyst Matthew…
Key takeaways: Ethereum ETF outflows and cautious traders show limited confidence in ETH price going higher for now. Low derivatives premiums suggest a muted outlook for Ether’s price. Ether (ETH) fell 11% over the past week, even after reaching the $3,400 mark on Saturday. The drop came alongside a 4% correction in the Nasdaq index,…
A New York jury was unable to reach a verdict in the case of Anton and James Peraire-Bueno, the MIT-educated brothers accused of fraud and money laundering related to a 2023 exploit of the Ethereum blockchain that resulted in the removal of $25 million in digital assets. In a Friday ruling, US District Judge Jessica…
Bitcoin exchange-traded funds (ETFs) saw less than $1 billion in outflows following the historic crypto market crash in October that caused a 20% decline in BTC’s price, according to senior Bloomberg ETF analyst Eric Balchunas. The ETFs broke a six-day outflow streak on Thursday, recording about $240 million in capital inflows, Balchunas said, sharing a…
Japan’s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country’s largest financial institutions to jointly issue yen-backed stablecoins. In a Friday statement, the FSA announced the launch of its “Payment Innovation Project” as a response to progress in “the use of blockchain technology to enhance payments.” The initiative involves Mizuho Bank,…
