Category: crypto

Short-selling firm Culper Research has taken a bearish position against Ethereum’s native token and related companies, citing a deterioration in the blockchain’s economic model due to recent network changes. Culper argues that Ethereum’s fee revenue has collapsed, weakening the network’s economic incentives, and questions the validity of some network activity metrics.

Large XRP holders have increased their positions by accumulating billions of tokens after the market downturn that began on October 10. Wallets holding 10M–100M XRP now control about 10.87B tokens. XRP is consolidating near $1.40 with support at $1.35. Major investors have been quietly accumulating during the market pullback.

Dubai’s virtual assets regulator has warned about companies associated with KuCoin that may have been offering crypto services without proper authorization. The companies named include Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and KuCoin Exchange EU GmbH. The regulator advised residents to verify companies on VARA’s official registry before using their services to…

U.S. banking regulators have clarified that tokenized securities will generally be treated the same as traditional securities under existing capital rules. The guidance emphasizes that bank capital rules are technology neutral and that blockchain-based securities should receive the same regulatory treatment as their conventional counterparts.

OKX introduces Orbit, a social trading platform for crypto users to share strategies and market insights. The platform combines social media-style interaction with trading tools to facilitate collaboration and learning among traders. OKX aims to expand its product ecosystem and increase user engagement, following a surge in the OKB token after an ICE investment.

A federal judge has frozen 70 Bitcoin assets linked to Blockfills amid a legal dispute with Dominion Capital. Dominion claims Blockfills used customer funds to cover losses, resulting in a $77M deficit. The court order prevents Blockfills from moving the Bitcoin while the case is ongoing, following withdrawals halt and lending losses.

Arthur Hayes believes that an Iran-driven oil shock could lead to the Fed printing more money, boosting Bitcoin to six-figure territory. Despite war risk headlines, Bitcoin remains below its peak, trading in the high-$60,000s. Hayes maintains his targets of $250,000 in 2026 and up to $750,000 by 2027.

Solana price hovers around $88–$89, down from $149 a year ago. Forecasts for 2026 range from $90 to $180, with some predicting SOL could reach above $200. With BTC stagnant at around $70,000, SOL is seen as a leveraged bet on the next market move. Macro factors could push SOL higher or lower.

US-listed spot crypto ETFs, including Bitcoin, Ethereum, and Solana products, experienced significant inflows. Bitcoin ETFs added 5,187 BTC ($376m), Ethereum ETFs added 43,282 ETH ($9.18m), and a Solana ETF added 205,711 SOL ($18.72m). This indicates growing institutional interest and usage of regulated ETFs for exposure to cryptocurrencies.

Western Union is deepening its involvement in blockchain payments by partnering with Crossmint to support the USDPT stablecoin on the Solana network. The stablecoin will connect on-chain transfers with Western Union’s global cash pickup points across 200+ countries. Anchorage Digital Bank will issue USDPT for compliance and institutional access.