Last month, Cardano’s ADA collapsed below $0.14, the lowest level since the end of 2020. Meanwhile, its market capitalization briefly plummeted to roughly $5 billion, leaving the asset temporarily out of crypto’s top 20 club. The bulls, though, managed to halt the free fall and even stage an impressive comeback. Here’s what happened and the…
The world’s largest crypto exchange has run into serious trouble with EU financial regulators, and the uncertainty has triggered concern among its user base. Despite its issues in Europe, however, Binance has strengthened its global presence after officially entering the Philippines. The Push in Asia Several hours ago, Binance’s co-founder and chief customer service officer,…
A7A5 claims crypto data providers understate its trading activity, while blockchain analytics firms say the ruble-backed token’s volumes have fallen sharply this year.
Several major South Korean companies have said they have not formally joined the newly announced Open USD (OUSD) consortium, despite being listed among its participating organizations. Open Standard, the independent entity behind the stablecoin, previously said it had assembled over 140 businesses to launch OUSD, a dollar-pegged stablecoin, later this year. Korean Companies Push Back…
Michael Saylor’s Strategy has calmed the immediate panic around its preferred-stock complex, but the company’s latest overhaul points to a more complicated phase for one of Bitcoin’s most visible corporate buyers. Strategy, formerly known as MicroStrategy, announced a new capital-management framework this week after STRC, its flagship preferred stock, fell to a low of $71.25…
Although July has only just begun, the past seven days brought some much-needed and long-awaited relief to the cryptocurrency market, even if the overall sentiment remains nothing but fragile. Last week at this time, Bitcoin was still struggling around the $60,000 mark after the painful correction that was charted in June. The cryptocurrency spent the…
A request for the UK standards watchdog to examine Nigel Farage’s reported interactions with the Bank of England has turned the UK’s digital-pound fight into an access fight: who gets to shape public payment infrastructure while donations from a major crypto-linked backer face fresh scrutiny. A July 2 Guardian report said Labour MP Phil Brickell…
Bitcoin is attempting to build a short-term recovery after weeks of sustained selling pressure. Although buyers have defended a key support zone, the broader trend remains fragile as price continues to trade beneath major technical resistance levels that must be cleared first to expect a genuine recovery. Bitcoin Price Analysis: The Daily Chart The daily…
US spot Bitcoin exchange-traded funds (ETFs) drew their largest daily inflow since May after a weaker-than-expected jobs report eased rate-hike concerns and helped the digital asset recover from a fresh bear-market low earlier in the week. The funds recorded $223 million in net inflows on Thursday, ending a 10-day stretch of withdrawals that had drained…
Tokenized stocks are gaining attention as one of the few areas still attracting capital, with financial services provider BIT arguing in a July 3 report on X that the sector is becoming a rare bright spot as traditional altcoin narratives continue to weaken. The view reflects a wider change across crypto markets, where investors are…