Author: Digicoinvision
The SEC is charging into the digital future, launching a full-scale push to regulate crypto, streamline IPOs, and lock in U.S. dominance in digital asset markets. SEC Follows Clear Crypto Mandate—Future-Proofing Begins Now U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins outlined his crypto regulatory priorities Tuesday at the SALT Conference’s Wyoming Blockchain Symposium […]
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s price action has taken a quick downturn after reaching a multi-year high of $4,776 and smashing against its “Active Realized Price” level on August 14. The second-largest cryptocurrency has suffered a sell-off in the past six days, with its price falling to as low as $4,074 in the last 24 hours. The decline is occurring alongside institutional investors beginning to pull money from Spot Ethereum ETFs at a record pace, a trend that casts doubt on the sustainability of Ethereum’s price surge above $4,800 and into…
A US judge has unfrozen $57.6 million in USDC (USDC) stablecoins tied to the Libra token scandal in February, giving memecoin promoter Hayden Davis and former CEO of the Meteora decentralized exchange Ben Chow access to the funds.US judge Jennifer L. Rochon froze the funds in May as part of a hearing in a class-action lawsuit against Davis, Chow, blockchain infrastructure company KIP Protocol and KIP’s co-founder, Julian Peh.The Judge said the defendants did not demonstrate “irreparable” harm because the funds to reimburse victims are still available, and the defendants have made no effort to move the frozen funds, according…
Kenneth Rogoff spoke, and the Bitcoin hornet’s nest awoke. When the celebrated Harvard economist and former chief economist at the IMF yesterday publicly confessed that he was wrong on Bitcoin, he didn’t do so gracefully; instead, he doubled down. You see, it wasn’t that his prediction in 2018 of Bitcoin’s imminent doom and the bitcoin price to quickly collapse was wrong; it was Trump crypto regulation was beneficial instead of the needed crackdown Bitcoin was embraced and (shockingly) used by criminals, and Trump “brazenly hold hundreds of millions … of dollars in cryptocurrencies seemingly without consequence.” I mean, talk about…
Panelists at the Wyoming Blockchain Symposium said it is not too late for the United States to catch up to the crypto regulatory frameworks in other regions, but warned that inaction might lead to stagnation and the US falling behind other countries.“I don’t think it’s too late, even with the Markets in Crypto Assets (MiCA) in the European Union (EU),” Sylvia Favretto, general counsel and corporate secretary at Mysten Labs, the developer behind the Sui network, said. However, she added that the window of opportunity is “small” and urged immediate action. Stuart Alderoty, chief legal officer at Ripple, said:“If we seize…
After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, Bitcoin open interest across all exchanges has surged past $40 billion, nearing ATH territory. This rise shows both whales and short-term traders are piling into leveraged positions. Related Reading The chart below highlights the recent spike in BTC open…
Ethereum (ETH) is struggling to hold above $4,200 after a sharp sell-off triggered widespread liquidations across the crypto market. It has dropped nearly 9% over the past week, with traders bracing for a potential retest of the $4,100 level. Related Reading Data from CoinGlass shows that more than $178 million in positions were liquidated in the past 24 hours, with ETH long traders suffering the biggest blow, over $127 million wiped out. A notable case saw one Hyperliquid trader lose nearly $6.2 million after re-entering ETH longs too aggressively, turning months of gains into heavy losses within just two days.…
Key Takeaways Whales exited Ethereum, swapping $16 million for WBTC, while institutions withdrew $38 million in ETH. Retail holdings dropped, but ETH/BTC held 0.037 support. As the market underwent intense selling pressure, the largest capped cryptocurrency is emerging as the go-to safe haven. Whales and retail traders who panicked swapped Ethereum [ETH] for Bitcoin [BTC], while others closed leveraged trades at losses. Ethereum had outperformed BTC over the last three months. But was this the end of ETH’s relative strength? Profits crumble under pressure Some participants seemed to be accepting this as the end of ETH’s outperformance of BTC from their…
Ripple is spotlighting custody as the backbone of digital finance, driving stablecoin adoption, tokenized asset growth, regulatory confidence and next-generation programmable infrastructure set to transform global markets. Ripple Maps the Future Where Custody Powers Stablecoins, Tokenized Assets, and Compliance Ripple published insights on Aug. 18 emphasizing the strategic importance of digital asset custody for institutions […]
Join Our Telegram channel to stay up to date on breaking news coverage CyberKongz, the digital asset company behind the blue-chip CyberKongz non-fungible token collection, has announced plans to launch its utility token dubbed “$KONG.” The now highly anticipated non-fungible token coin will represent the CyberKongz and the non-fungible token culture. In this article, we shall discuss this now much-anticipated non-fungible token in detail. CyberKongz Introduces $KONG NFT Coin In an August 19 blog post, the CyberKongz NFT team confirmed that it has introduced its utility token called $KONG. This newly launched non-fungible token coin will represent the CyberKongz and…