Author: Digicoinvision
A blistering Senate crypto bill sparks alarm over regulatory confusion, as Ripple’s legal chief warns it could subject XRP and similar tokens to endless SEC control. Ripple Legal Chief Warns Senate Crypto Draft May Destroy Market Clarity Ripple’s chief legal officer, Stuart Alderoty, submitted a formal response to the U.S. Senate Committee on Banking, Housing, […]
After months of underperformance, Ethereum is starting to turn around on institutional interest. Summary Ethereum outperformed Bitcoin in the last 90 days Institutional interest was the main driver of Ethereum’s rise BitMine recently became the largest ETH holder Institutions are no longer just looking at Bitcoin (BTC) when it comes to crypto treasuries. Ethereum (ETH) rose 64.38% in the past 90 days, from $1,808 to $3,684. During the same period, Bitcoin rose just 10.72%, from $94,748 to $115,375. Ethereum and Bitcoin price performance in the past 90 days | Source: Token Terminal Rising institutional interest was behind Ethereum’s surge, Shawn…
Crypto asset management giant VanEck says that one altcoin project is flashing major signs of institutional adoption. In a new report, VanEck highlights the growth of the Hedera (HBAR) ecosystem, which the firm notes in July, saw a price increase of over 70% due to a “wave of partnerships, network growth, and broadening institutional legitimization.” VanEck named several examples of notable adoption of the Hedera network in July, including the Reserve Bank of Australia’s Project Acacia, which aims to explore the development of Australian wholesale tokenized asset markets. Archax, the first regulated global digital asset exchange in the UK, also announced it…
Shares of Galaxy Digital faced a significant decline on Tuesday following the release of disappointing quarterly earnings and revenue figures. The crypto-investment and data-center company reported earnings per share of $0.8 for the second quarter, falling short of Wall Street’s consensus estimate of $0.18. Galaxy Digital Shares Plunge 10% Revenue for the period totaled $9.1 billion, markedly below analysts’ expectations of $13.9 billion. Consequently, Galaxy’s stock, GLXY, plummeted by 10%, settling at $27.68. According to Barron’s, the downturn can be attributed to a broader trend affecting the cryptocurrency sector, where trading volumes have waned significantly since spring, pushing digital assets…
On-chain data shows Dogecoin whales have expanded their holdings recently, a sign that big-money investors are buying the dip. Dogecoin Whales Have Increased Holdings By 1 Billion DOGE In a new post on X, analyst Ali Martinez has talked about the latest trend in the Supply Distribution of the Dogecoin whales. The “Supply Distribution” here refers to an indicator from on-chain analytics firm Santiment that tells us about the total amount of the asset that a given wallet group is holding right now. Addresses or investors are divided into these cohorts based on the number of tokens that they are…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is experiencing heightened volatility after surging to a local high of $3,940 before retracing to a local low near $3,360. The price has struggled to reclaim key resistance levels, amplifying concerns among traders that a deeper correction could be on the horizon. Market sentiment remains cautious as bullish momentum fades and Ethereum consolidates in a tightening range. Analysts warn that failure to regain critical levels soon could trigger further downside pressure in the short term. However, despite the current price weakness, whale activity remains robust. According…
Key Takeaways China cautions against crypto projects that scan for biometric data, citing a threat to national security. The Ministry of State Security urged the public to report such suspicious activities. China has issued a warning against iris-scanning and other personal data collection projects as a threat to national security. In a statement on WeChat, the Chinese Ministry of State Security (MSS) made a veiled threat to Worldcoin [WLD]-like iris scanning operations. Part of the translated message read, “A certain overseas company used the pretext of issuing cryptocurrency tokens to scan and collect users’ iris information worldwide, then transferred the…
Bitcoin doesn’t scale. That shouldn’t be read to mean that Bitcoin, the asset, or different ways to use it don’t scale. But Bitcoin’s blockchain does not scale. This is a fundamental and undeniable reality of its architecture. We’ve known this definitively since the Blocksize Wars (well, Bitcoiners have known this). Some people, such as James A. Donald — an anonymous cryptographer who was the first person to reply to Satoshi on the cryptography mailing list — and Hal Finney himself, knew this from the very beginning. It is not possible for every person on Earth to have to receive, verify…
The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys.“The Department of Justice (DOJ) will decide in the coming days if it wants to retry those charges in a new trial,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund, wrote on X.Storm was convicted on one felony count for his involvement with Tornado Cash on Wednesday. The jury found him guilty of conspiracy to operate an unlicensed money transmitting business. However, jury members did not reach a unanimous verdict on…
The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys.“The Department of Justice (DOJ) will decide in the coming days if it wants to retry those charges in a new trial,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund, wrote on X.Storm was convicted on one felony count for his involvement with Tornado Cash on Wednesday. The jury found him guilty of conspiracy to operate an unlicensed money transmitting business. However, jury members did not reach a unanimous verdict on…