In Brief China explores stablecoin options with Hong Kong as a testing ground, eyeing blockchain infrastructure like Conflux and Chainmaker. Conflux, as a regulated public blockchain, is seen as the leading candidate for powering China’s stablecoin ambitions. Beijing’s concerns over capital outflows and dollar dominance are central to China’s cautious stablecoin strategy. China is closely…
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In Brief FTX seeks to recover $1.76 billion from Binance, claiming it was transferred under unclear circumstances. CZ argues Delaware bankruptcy court lacks jurisdiction, citing his residence in the UAE. The lawsuit is part of a broader legal battle following FTX’s collapse, with tensions between Binance and FTX dating back to 2022. Changpeng “CZ” Zhao,…
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In Brief Galaxy Digital CEO Mike Novogratz signals the peak of crypto treasury firms, with future success hinging on strategic positioning. Ethereum’s treasury holders like BitMine and SharpLink are expected to grow, while new entrants face challenges. Galaxy Digital’s Q2 net income hit $30.7 million, despite missing earnings estimates and a 7% drop in share…
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In Brief The total crypto market cap fell by $83 billion, sitting at $3.65 trillion, as uncertainty over upcoming tariffs weighs on the market. Bitcoin is struggling under resistance at $115,000, with a possible drop to $111,187 if bearish sentiment continues. Fartcoin has dropped nearly 11%, struggling below $1; further declines could push it to…
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In Brief Ethereum forms a bullish triangle pattern while whales and retail quietly load up. IntoTheBlock’s Bull-Bear indicator shows large buyers outweighing sellers. A confirmed daily close above $3,785 could trigger a a move beyond $4,000. There’s a lot of chatter around Ethereum price; will it break $4,000, or is another collapse brewing? The bears…
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As traditional finance warms to blockchain, a new report by Ripple highlights growing bank investments in digital assets. From early-stage funding to quantum-secure tokenization, global banks are reshaping their role in the evolving financial landscape. The shift signals blockchain’s transition from experimental tech to strategic infrastructure. Banks Are Going Beyond Pilots and Proofs Between 2020 and…
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In Brief Memecore, trading at $0.557, is targeting its ATH of $1.01. A drop below $0.440 could halt its momentum. Rekt, up 221% in July, is positioned for gains with a potential rise to $0.0000013. A fall below $0.000000933 would negate the bullish trend. Pudgy Penguins (PENGU) at $0.035 could surge to $0.046 if it…
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In Brief Ripple ranks as the 23rd most valuable private firm globally, with a $15 billion valuation, boosting investor sentiment for XRP’s rebound. XRP shows bullish signals with strong RSI momentum and key support at $2.7346, targeting resistance near the $3.65 zone. A break above $3.5527 could confirm upside continuation, but loss of $2.6168 support…
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In Brief Bitcoin fell 4% amid Fed resistance to rate cuts and a shocking NFP miss, with revised data showing a 5-year low in job creation. Spot ETF inflows reversed sharply, with Ethereum-related equities and crypto prices tumbling despite bullish corporate accumulation. Market sentiment hinges on US stock recovery; further declines may force a policy…
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In Brief Justin Sun became the youngest Chinese astronaut, completing Blue Origin’s NS-34 mission after a $28M bid won in 2021. His spaceflight triggered the “Overview Effect,” leading Sun to call for stronger global efforts to protect Earth. The Tron founder donated to Club for the Future, aiming to inspire youth in STEM and promote…
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