XRP is trading at $2.13 with a market capitalization of $124 billion and a global 24-hour trade volume of $3.65 billion. During the last 24 hours, its price ranged between $2.01 and $2.16, reflecting moderate volatility as technical indicators point toward a cautious but constructive outlook. XRP On the 1-hour chart, XRP is displaying a…
Main Takeaways:- The U.S. Consumer Inflation Index was at 2.4%, opposite to the expectation of 2.6%. A smaller increase in prices was needed for the Fed to lower interest rates at the May 6-7 meeting. The U.S. Federal Reserve is expected to choose, at minimum, a 0.25% interest rate reduction. Bitcoin may rebound above $100k,…
Amid the market chaos triggered by U.S. President Donald Trump’s on-again, off-again tariff measures, the probability of a federal funds rate cut has been steadily climbing. Trump’s Tariff Whiplash Fuels Rate Speculation Across Futures and Prediction Markets Trump’s tariff policies have captivated global attention, with every move scrutinized by investors and policymakers alike. Global markets…
Thanks to Bitcoin’s volatile price and speculative nature, those unfamiliar with Bitcoin typically view it as an investment vehicle rather than a currency. In fact, out of the nearly 359 million businesses worldwide, only 15,000 accept bitcoin as payment and it is estimated that only about 2-3% of adults worldwide have used bitcoin in a…
Main Takeaways:- The legal hold might be extended for another 60 days. SEC’s Crypto working unit concentrating on compliance classification. Market volatility impacts investor trust. SEC and Binance’s legal advisors have appealed for an extended stop on their legal hold for 60 days, under the present hold set to end on April 14, 2025. This…
The co-founder of COTI believes the controversy surrounding central bank digital currencies will subside as major financial players adopt the technology and optimal designs are established. The co-founder however downplayed the possibility that central bank digital currencies will be built to interface with decentralized finance protocols or Web3 ecosystems. Privacy Crucial for CBDC Implementation Shahaf…
Two more U.S. states are joining the trend of holding bitcoin as part of their state reserves. On April 10, bitcoin reserve bills in both New Hampshire and Florida advanced, helping state-owned bitcoin reserves become a reality. Governments holding bitcoin is a growing theme across the U.S., with several states proposing to invest a portion…
Offering blockchain-based assets to traditional investors, crypto exchange OKX and multinational bank Standard Chartered launched a joint collateral mirroring program, which allows their clients to utilize crypto and tokenized money market funds as off-exchange collateral for trading. The program is currently in a pilot test under Dubai Virtual Asset Regulatory Authority (VARA)’s regulatory framework and…
On-chain data shows that the big Bitcoin wallets have been growing rapidly lately, which could indicate that people are starting to trust Bitcoin more again. Bitcoin Wallets Holding 10+ BTC on the Rise The latest post on X from the on-chain analytics firm Santiment talks about how Bitcoin’s biggest holders have been changing their amounts…
Meanwhile, a crypto-focused life insurance startup that collects payments and pays life insurance policies in bitcoin has raised $40 million in its Series A funding round. Led by Framework Ventures and Fulgur Ventures, with the participation from Xapo founder Wences Casares, the round gives Meanwhile a valuation of $190 million. Zac Townsend, co-founder and CEO…
