Movement Labs, the development firm of the Movement network, has officially cut ties with co-founder Rushi Manche following controversy surrounding undisclosed MOVE token deals. The announcement came via the company’s X account early Tuesday, stating that “Movement Labs has terminated Rushi Manche’s employment and all affiliations with the company effective immediately.” It has yet to…
TL;DR Ripple’s cross-border token notched an impressive 30% surge from the crash this time last month, but an important technical indicator suggests that there might be a correction on its way. For now, XRP remains within a tight range between a key resistance and a critical support line. Recall the developments that took place a…
Bhutan has introduced an initiative that allows tourists to pay for nearly every aspect of their visit using cryptocurrency. The country has partnered with Binance Pay and DK Bank to create the world’s first national-level crypto tourism payment system, according to a Wednesday announcement. This new system enables travelers with Binance accounts to use digital…
Bitcoin prices reached an intraday and five-day high of $97,650 during early trading in Asia on Wednesday, May 7. The move has returned the asset to the same level it reached on May 2, where it hit resistance and retreated back below $94,000. Today’s jump added almost $4,000 to BTC prices in around 12 hours, but…
It’s the Fed day again, and traders are seeking cues on how much volatility this key event might spark. According to Volmex’s implied volatility indices, major tokens could see price swings, but nothing out of the ordinary is anticipated. According to data source TradingView, Volmex’s annualized one-day bitcoin implied volatility index (BVIV) stood at 49%…
A US Senate investigative panel is preparing to investigate potential conflicts of interest linked to President Donald Trump’s growing involvement in cryptocurrency, a recent letter shows. This inquiry focuses on Trump’s financial ties to the $TRUMP meme coin and his family’s World Liberty Financial (WLF), both of which have raised concerns about foreign influence and…
TRUMP Coin (TRUMP) price predictions are mixed in the short-term, but a major event on May 22 could trigger a massive rally in the meme coin’s price. Last around $11 per token, the TRUMP coin price has stabilized just above its 50DMA at $10.50 following a volatile few weeks. Towards the end of April, the…
Bitwise Asset Management has taken a bold step by submitting an application to the US SEC for a spot NEAR exchange-traded fund, marking a major milestone for the altcoin market. The filing, announced on May 6, positions NEAR, a layer-1 blockchain known for its scalability, among a wave of cryptocurrencies seeking ETF approval. This move…
With Bitcoin attempting to break the crucial $95,000 to $96,000 threshold, it faces significant headwinds rooted in an increasingly dormant on-chain environment. Although the price has hovered optimistically close to the critical $100,000 barrier, stagnant blockchain activity metrics show certain vulnerabilities that could hinder further upside. According to data from Checkonchain, daily on-chain transfer volume…
A thawing in the trade stance from both the U.S. and China has sent risk assets higher in the hours since the U.S. stock market closed on Wednesday. “The current tariffs and trade barriers are unsustainable, but we don’t want to decouple,” said U.S. Treasury Secretary Scott Bessent, disclosing plans to travel to Switzerland to…