Author: Digicoinvision
The Trump family’s crypto project, World Liberty Financial, has begun burning its namesake token in a bid to boost its price, which has been in decline since launching to the public on Monday.Onchain data first reported by Lookonchain showed the platform burned 47 million World Liberty Financial (WLFI) tokens on Wednesday, permanently removing them from the supply.The token began trading on secondary markets for the first time on Monday, with its early investors allowed to sell their holdings to the public. The token briefly hit a peak of $0.331, but it has continued to decline, dropping 3.8% in the past…
India is set to enforce sweeping oversight of offshore crypto assets, adopting a global framework that enables automatic data sharing, tighter compliance, and greater regulatory transparency. India Adopts Global Framework to Expose Hidden Offshore Crypto Assets Global tax surveillance of digital assets is tightening, with India preparing to expand oversight of offshore cryptocurrency holdings. A […]
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Glassnode data could imply Ethereum price dynamics are more influenced by derivatives and other off-chain markets compared to Bitcoin. CBD Data Shows Divergence In Spot Activity For Bitcoin & Ethereum In a new post on X, on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution (CBD) has diverged between Bitcoin and Ethereum recently. The CBD refers to an indicator that tells us about the amount of a given asset that addresses or investors on the network last purchased at each of the price levels…
A tenth of the global post-trade market turnover is expected to be handled through stablecoins and tokenized securities in less than five years, according to a survey by Citi.The investment bank said in a Securities Services Evolution report released on Tuesday that bank-issued stablecoins were seen as the main method to support collateral efficiency, fund tokenization and private market securities.The report polled 537 custodians, banks, broker-dealers, asset managers and institutional investors in the Americas, Europe, Asia Pacific and the Middle East between June and July, where over half reporting their firms are also piloting generative artificial intelligence (GenAI) for post-trades.The…
Digital health and sales development firm CIMG Inc. has raised $55 million in a share sale to expand its crypto treasury, adding to the list of firms raising money for crypto so far this week.CIMG said on Tuesday that it issued 220 million common shares in exchange for 500 Bitcoin (BTC) to expand its reserve holdings as part of its “financial management strategy.” It comes after another major Bitcoin purchase by Michael Saylor’s Strategy, and Japan’s Metaplanet signalled further acquisitions after amending its capital structure.Long-term Bitcoin holding strategy is the goalCIMG said it sold off its shares for 25 cents each…
Join Our Telegram channel to stay up to date on breaking news coverage The XRP price has dropped more than 1% in the last 24 hours to trade at $2.81 as of 4 a.m. EST on a 13% increase in the daily trading volume to $6.56 billion. The drop in the Ripple token comes as crypto analyst Pumpius accused Binance of dumping XRP to stop its price from rising. In a viral post that has received more than 196k views, Pumpius said the exchange used sudden liquidity drains and large sell orders to block rallies, even after Ripple received positive…
Strategy, the largest Bitcoin (BTC) treasury company formerly known as MicroStrategy, has reinforced its vision to accumulate Bitcoin by acquiring nearly $450 million worth of the market’s leading cryptocurrency. This move comes as the firm’s co-founder, Michael Saylor, remains optimistic about the digital asset’s long-term potential, even in the face of recent price corrections that have seen Bitcoin dip over 10% below its all-time highs. Strategy Continues Bitcoin Buying Spree In a recent update shared on X (formerly Twitter), Saylor revealed that Strategy acquired 6,048 Bitcoin for a total price of $449.3 million between August 26 and September 1, 2025. …
Donald Trump’s crypto initiative, World Liberty Financial, went live on Sept. 1 with a market valuation above $7.4 billion, sparking heavy trading in its opening hours.According to CoinMarketCap data, WLFI climbed 13% to $0.2525 shortly after launch, while its trading volume has already surpassed $1.8 billion across centralized and decentralized exchanges.Notably, this rush of activity spilled over into the broader market.According to Milk Road data, Ethereum gas fees, which hovered near zero before the token’s debut, surged to more than 60 gwei as traders competed to settle WLFI transactions on the chain.Ethereum Gas Fees (Source: Milk Road)This spike highlighted how…
Journalist Posted: September 3, 2025 Key takeaways Ethereum has seen large outflows from Binance and steady inflows into U.S. spot ETFs in the last week. ETH remains technically strong as it consolidates above key support. Ethereum [ETH] whales have been busy! In just eight days, 630K ETH left Binance, while U.S. spot ETFs absorbed another 286K ETH; a double punch proving big players are positioning for the long game. Is ETH primed for a breakout, or simply biding its time before the next leg higher? Growing institutional appetite for ETH Last week, Ethereum’s U.S. spot ETFs posted net inflows of…
Cardano price started a fresh recovery from the $0.780 zone. ADA is now rising and might attempt a clear move above the $0.840 zone. ADA price started a decent upward move from the $0.780 support zone. The price is trading above $0.8120 and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.8250 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend gains if it clears the $0.840 resistance zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.780…