Category: crypto

The Chinese-language guarantee marketplace Xinbi has processed $17.9 billion in total transactions since mid-2025. Despite crackdowns on illicit crypto infrastructure, Xinbi’s activity has grown as rival platforms falter. The marketplace adapted by migrating across messaging platforms and launching a wallet service, allowing illicit flows to persist.

Bitcoin skeptics are questioning the cryptocurrency’s long-term value, suggesting it may ultimately be worth nothing. Critics argue that Bitcoin has no fundamental floor, failed as money or a hedge, and relies on belief rather than cash flows. The debate intensifies as Bitcoin trades near $70k, reflecting crypto’s sensitivity to macro risks.

WLFI, linked to Trump, makes billions for the Trump family with UAE cash and Binance deals. A token structure benefits insiders while leaving investors at a loss. The token is valued at $0.11 on Binance, with a market cap of $2.94B. Geo-political concerns arise from foreign investments in the project.

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XRP price increased by 2% in the past 24 hours after a sharp sell-off, but indicators show little follow-through. Resistance is seen between $2.05 and $2.30, with RSI below neutral and volume indicators favoring sellers. The bounce may be temporary relief rather than a sustained recovery, caution is advised.

South Korean crypto exchange Bithumb has recovered almost all of the Bitcoin mistakenly distributed during a promotional error that disrupted prices on its platform. Bithumb used its own funds to reconcile the remaining amount after some BTC was sold. The incident was due to an internal mistake during a reward event.

A Dubai-based crypto investor sold all her XRP holdings to buy more Shiba Inu, sparking debate between utility-driven tokens and meme coins. She previously predicted SHIB reaching $1 in 2026, showing confidence in the meme token. The move drew criticism, with XRP supporters questioning the decision to exit amid contrasting price performance.

South Korea’s Financial Supervisory Service will investigate high-risk areas of the virtual asset market, including whale-driven manipulation and API-based spoofing. The FSS plans to use AI tools to detect abnormal trading patterns and voice phishing scams. They will also introduce fines for IT-related incidents and tighten on-site inspections.

United States Treasury Secretary Scott Bessent is urging the Senate Banking Committee to proceed with confirmation hearings for Kevin Warsh as the Federal Reserve chair nominee. Republican Senator Thom Tillis is threatening to block all nominations until an investigation into current Fed chair Jerome Powell is resolved. Bitcoin has dropped over 20% since Warsh’s nomination.

Last week, digital asset investment products showed signs of stabilization as crypto outflows slowed to $187 million. While Bitcoin saw outflows, altcoins like XRP, Solana, and Ethereum attracted fresh inflows. There were selective regional inflows in Europe. Despite a decline in assets under management, trading activity surged, indicating possible market stabilization.