Several big-name investment firms just resubmitted their applications for a spot XRP ETF in the US. This suggests they’re trying hard to get the SEC’s approval. What’s New in the Applications? On August 22nd, companies like Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree all updated their applications (called S-1 filings). Experts think this…
Hackers Target Music Stars Big news! Hackers hijacked the Instagram accounts of some major music artists – Michael Jackson (RIP), Adele, Tyla, and Future – to push a dodgy Solana-based memecoin called FREEBANDZ. They used a picture of Future holding a giant FREEBANDZ coin to make it look legit. The posts were quickly taken down,…
Ripple’s new stablecoin, RLUSD, is poised to make a big splash in the rapidly growing stablecoin market, predicted to reach trillions of dollars in value. With SBI Holdings bringing RLUSD to Japan, it could become a major player in global payments, working alongside Ripple’s existing XRP cryptocurrency. RLUSD: Boosting Ripple’s Global Presence Recent social media…
Jerome Powell, the head of the Federal Reserve, recently dropped a hint about a possible interest rate cut in September. This sent shockwaves through the stock and crypto markets, causing prices to jump. What’s Behind the Potential Rate Cut? Powell acknowledged that while inflation is still a concern (slightly above the Fed’s target), the slowing…
Bitcoin recently had a quick surge, but experts are worried. This rise, along with increases in stocks, Treasury yields, and gold, has some analysts concerned. A Risky Rally? Bloomberg Intelligence strategist Mike McGlone thinks this simultaneous rise in multiple assets is shaky. He’s worried that continued growth could fuel inflation. This could push the Federal…
The Winklevoss twins, famous for founding the Gemini crypto exchange, just made a huge splash in the political world. They donated a whopping $21 million in Bitcoin to Donald Trump’s new political action committee (PAC), the Digital Freedom Fund. A Big Bet on Trump’s Crypto Agenda The twins explained their massive donation by saying they…
Anthony Pompliano, a well-known entrepreneur, believes Bitcoin will remain the top cryptocurrency for the foreseeable future. He recently doubled down on this prediction during a CNBC interview, dismissing the old idea that blockchain technology itself is more important than Bitcoin. Bitcoin’s Proven Track Record Pompliano argued that the belief that blockchain would overshadow Bitcoin has…
A savvy Bitcoin investor, holding Bitcoin for seven years, recently made a massive shift, selling off a significant chunk of their BTC holdings to buy Ethereum. Let’s dive into the details. $76 Million BTC Trade for ETH This long-time Bitcoin holder, owning a whopping 14,837 BTC (worth about $1.69 billion!), decided to sell 670.1 BTC…
Taiwanese authorities recently cracked a massive crypto scam, charging 14 people connected to the BitShine exchange. This group allegedly swindled over $41 million from more than 1,500 victims. How the Scam Worked BitShine pretended to be a legitimate exchange, even passing some compliance checks. But secretly, it was working with another company, Biying Technology (which…
The Commodity Futures Trading Commission (CFTC) is moving forward with its “Crypto Sprint” initiative, aiming to put the White House’s crypto vision into action. Phase Two: Public Input Needed Acting CFTC Chair Caroline Pham announced the next phase of the Crypto Sprint. This involves gathering public feedback on recommendations from a White House report on…
