Crypto markets fell Monday as traders locked in profits and looked for new catalysts to determine positioning while the U.S. observed President’s Day. Solana (SOL) and XRP slipped 4% to lead losses among major cryptocurrencies, with bitcoin (BTC) dropping 1.1% and BNB Chain’s bnb down 0.5% in the past 24 hours. Dogecoin (DOGE) lost 3%. … Read more
The U.S. crypto task force will focus on starting up a national bitcoin (BTC) reserve, a move that is likely to spur similar efforts worldwide, broker Bernstein said in a research report Monday. “A creation of a U.S. bitcoin reserve could lead to a global race amongst sovereigns to buy bitcoin as one of the … Read more
Bitcoin (BTC) has been relatively listless this month, hunching below $100,000. However, this hasn’t deterred traders from continuing to bet bullishly on the leading cryptocurrency. This month’s most preferred options play has been buying the $110,000 call expiring on March 28, with buyers paying a cumulative net premium of over $6 million for the bullish … Read more
Lawyers in Argentina are pressing charges against the country’s president, Javier Milei, over this weekend’s ‘rug pull’ of the Libra token, the Associated Press reports. The AP says that the plaintiffs are accusing Milei of committing fraud as they claim when Milei withdrew messages supporting the token it lost its value, and this move ‘rug … Read more
Argentina’s President Javier Milei is facing impeachment threats after endorsing a cryptocurrency called LIBRA, purportedly intended to support small businesses, which instead crashed and lost billions of dollars in value within hours, according to Reuters. In a now-deleted late Friday post on X, Milei promoted LIBRA as a privately run project designed to raise money … Read more
Wrapped AVAX (WAVAX) has seen a surge in wallet accumulation on the Avalanche blockchain, even as its price dropped more than 4% over the past 24 hours, data from TheTie shows. A total of 3,898 wallets added to their WAVAX holdings today—nearly twice the recent average of 1,600, the data shows. A wrapped token is … Read more
Cryptocurrencies backed by gold have underperformed over the week as the price of the precious metal saw a significant drop after moving up more than 10% so far this year. The decline came as speculation surrounding Trump’s tariffs being a negotiating tool. Gold-backed tokens, including Paxos gold (PAXG) and Tether gold (XAUT), have declined roughly … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) could be on track for potential S&P 500 inclusion by June 20. Currently, the company meets all eligibility requirements except one: achieving positive GAAP net income over the trailing 12 months (the most recent four quarters combined). To qualify, Q1 2025 … Read more
Memecoin generator Pump.fun has launched a mobile app for both iOS and Android devices, making its platform more accessible to users and effectively doubling down on the ongoing memecoin craze. Pump.fun’s new mobile app has features similar to its web interface. It allows users to create their own Solana-based memecoins for free and trade existing … Read more
The cryptocurrency exchange and wallet provider Blockchain.com has taken new steps toward a potential initial public offering (IPO) by appointing two seasoned executives with financial and operational expertise. Blockchain.com hired Justin Evans, who previously worked at Goldman Sachs, as its new chief financial officer, Bloomberg reported. It also appointed Mike Wilcox, previously CFO of Velocity … Read more