Category: crypto

Dogecoin whale activity has dropped to a 60-day low, with large transactions decreasing from 38 to four. The meme coin is testing key support levels and trading below its 200-day EMA. Momentum has weakened since a previous rally, with RSI showing negative readings. This decline in whale activity is a significant change from previous months.

The Federal Reserve injected $13.5 billion into banks through a large overnight repo, raising concerns about funding stress and liquidity conditions in asset markets. This injection was one of the biggest since 2020, indicating rising demand for short-term dollar liquidity among financial institutions. Markets are watching for potential ripple effects.

NYSE Arca approved the Grayscale Chainlink Trust to convert into a U.S. Chainlink ETF, following recent approvals for other crypto funds. The move reflects a shift in SEC policy towards faster approvals for crypto products, with Chainlink joining other converted crypto ETFs like Dogecoin and Solana in Grayscale’s offerings.

XRP dropped 9.5% as a weekly buy signal was indicated by the TD Sequential indicator, suggesting a potential reversal in the bearish trend. Ethereum’s 12-hour chart showed a bearish setup, triggering a similar signal. Traders are now waiting to see if these signals will lead to reversals or further declines.

BitMine Immersion Technologies has purchased 7,080 ETH for about $19 million, increasing its total stash to over 3.7 million ETH, representing more than 3% of Ethereum’s total supply. The company has been on a buying spree, acquiring a total of 23,773 ETH worth roughly $70 million in the past three days. They are aiming to…

The FDIC will propose a new application framework for stablecoin issuers later this month, as confirmed by Chairman Travis Hill. Prudential rules for capital and liquidity standards are expected early next year. The FDIC is also preparing guidance on tokenized deposits and bank asset tokenization following the GENIUS Act.

Canaan and SynVista are collaborating on an AI-driven platform to match Bitcoin mining with surplus renewable power. The platform will tokenize energy, carbon savings, and mining yields on-chain, aiming to reduce Bitcoin’s energy footprint and improve transparency in renewable energy investment. The system uses AI to align mining activity with real-time renewable energy availability and…

Blockchain forensics, exchange cooperation, and major seizures are increasing the recovery rates for crypto fraud victims. Recovery firms report success rates of 58-72% when cases are reported within 90 days. Professional recovery firms avoid upfront fees and never request seed phrases, working with law enforcement to freeze and seize assets.

BlackRock’s U.S. Bitcoin ETF has grown to $70 billion in assets, generating $245 million in annual fees and contributing to the firm’s total bitcoin allocations nearing $100 billion. Institutional confidence remains strong despite normal volatility-driven outflows. The ETF has become BlackRock’s most profitable product line, with significant inflows and adoption exceeding expectations.

Vanguard Group will now allow ETFs and mutual funds holding Bitcoin, Ethereum, XRP, and Solana to trade on its platform, a significant shift from its previous anti-crypto stance. The decision reflects a compromise to give investors regulated exposure to digital assets as demand in the financial industry rises. Vanguard will not offer direct crypto trading.