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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP is trading below the $1.40 level as selling pressure continues to weigh on the market, reflecting a broader environment of uncertainty and weakening momentum. After failing to sustain recent recovery attempts, price action has turned more defensive, with traders increasingly cautious amid persistent downside risk. Beyond price, derivatives data is highlighting a deeper structural shift. According to CryptoQuant analyst Arab Chain, the Open Interest indicator on Binance shows a sharp contraction in the volume of active contracts, aligning with XRP’s subdued price performance. This suggests that…
Brazil’s new finance minister, Dario Durigan, is expected to delay a public consultation on applying a tax on financial operations, locally known as Imposto sobre Operações Financeiras (IOF) to some cryptocurrency transactions, Reuters reported, citing sources familiar with the matter.Durigan took office on March 20 after Fernando Haddad stepped down to run for governor of São Paulo. Reuters said the new minister wants to focus on microeconomic measures and avoid proposals that could trigger conflict with Congress during an election year.The postponed consultation centered on a draft decree that could classify some crypto transactions as foreign exchange operations.That matters because…
Bitcoin BTC$68,549.32 is trading near $68,250, returning to a price range that dates back to early February after multiple failed attempts to convincingly surpass $75,000.The most recent selloff occurred on Saturday, after U.S. President Donald Trump threatened to “obliterate” Iran’s power plants unless the country opened the Strait of Hormuz within 48 hours.The weekend price action led to a CME gap — the difference between the price of bitcoin when futures on the exchange end the week on Friday and when they resume trading on Sunday evening. That gap would be filled if bitcoin recovers to $70,000 on Monday.Gold and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Data shows the Bitcoin Fear & Greed Index has dropped back deep into the extreme fear zone, signaling an effective reset of the market mood. Bitcoin Fear & Greed Index Is Again Pointing To ‘Extreme Fear’ The “Fear & Greed Index” refers to an indicator created by Alternative that tracks the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. The metric determines the investor mentality using the data of five factors: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends.…
As the war with Iran enters its fourth week, crypto markets will be dominated by macro events.Off the global stage, however, traders will be navigating a number of supply events while Aave prepares for the deployment of its v4 platform and hard forks loom for both the Akash and Casper networks.A number of Fed speakers also make an appearance, with Governor Stephen Miran’s scheduled appearance at the Digital Asset Summit in New York being a highlight.On the earnings front, Wall Street will get a fresh look at not-so-meme stock firm GameStop (GME), which has a bitcoin treasury of 4,710 BTC,…
The U.S. Department of Justice (DOJ) will return approximately $470,735 to two victims of a cryptocurrency investment scam after federal authorities successfully traced and seized stolen digital assets. According to the U.S. Attorney’s Office for the District of Maine, the victims lost more than $800,000 in 2022 after transferring funds to cryptocurrency wallets controlled by fraudsters. Following an investigation, the FBI recovered 470,773 USDT – also known as Tether – a dollar-pegged stablecoin widely used in digital asset transactions. Authorities identified the seized funds as proceeds of wire fraud and money laundering. A federal court later approved the forfeiture of…
Federal prosecutors told a judge that a letter purportedly sent by Sam Bankman-Fried from prison was actually shipped via FedEx from somewhere else entirely, suggesting someone outside impersonated him.The filing adds an unusual wrinkle to Bankman-Fried’s post-conviction fight. The FTX founder, sentenced to 25 years for fraud and conspiracy, has been pursuing a new trial from Federal Correctional Institution Terminal Island in San Pedro, California.Prosecutors say the suspect letter was docketed March 16 but shipped from Palo Alto or Menlo Park, mislabeled the prison as a state facility, and carried a typed “/s/” instead of an actual signature.Bureau of Prisons…
The Bitcoin price broke below $70,000 over the weekend, effectively erasing the gains from the previous week. This move puts the cryptocurrency in a perilous position as the bulls are now hard-pressed to find another major support or risk the decline going deeper from here. According to one analyst, Bitcoin bulls will have to reclaim and hold $69,000 with momentum in order to trigger another recovery trend. Why Bitcoin Bulls Must Hold $69,000 According to crypto analyst Tealstreet, the bulls will need to defend $69,000 to prevent the Bitcoin price from falling lower. The reason for this is the fact…
Leveraged traders on decentralized exchange Hyperliquid are favoring traditional commodities like oil and silver, trading them more aggressively than crypto tokens such as XRP (XRP) and solana (SOL). Perpetual futures contracts tied to crude oil benchmarks WTI and Brent have recorded a combined trading volume of over $500 million in the past 24 hours. The silver contract alone accounted for more than $412 million in trades.By trading activity, oil and silver contracts now far outpace SOL and XRP perps, which posted $176 million and $31 million in volume, respectively. For context, both XRP and SOL have multibillion-dollar market caps and…
The U.S. Department of the Treasury is sanctioning a North Korean criminal organization for allegedly stealing hundreds of millions of dollars from businesses in data extortion schemes. The Treasury Department’s Office of Foreign Assets Control (OFAC) says it’s sanctioning six individuals and two firms for aiding North Korea (DPRK) defraud businesses out of $800,000,000 in 2024 to fund the nation’s weapons of mass destruction program. Authorities say that North Korean-affiliated individuals would infiltrate US and allied nations’ businesses with fraudulent documents and fabricated personas, working for them in IT departments and earning income while the North Korean government reaped the…