Category: crypto

Bitcoin fell below $90,000, its lowest level in seven months, leading to a market slump for most major cryptocurrencies. Despite this, ICP, HYPE, and ASTER made gains against the broader decline. The total crypto market capitalization decreased sharply, but weekend trading was calmer with select altcoins showing resilience.

Analysts are revising their 2025 outlook for XRP based on liquidity, compliance, and infrastructure maturity, rather than brand recognition. XRP Tundra is implementing DAMM V2 to stabilize the market, introducing features like NFT-based liquidity positions and permanent liquidity locks. The project roadmap includes GlacierChain for enhanced governance and a dual-token system for cross-chain innovations.

Arnie’s Birdies, a golf mini-game launching on the SCOR platform in December, celebrates Arnold Palmer’s legacy with unique gameplay and real-world partner power-ups. Developed by Sweet, the game aims to connect fans with Palmer’s IP in an interactive, onchain experience. Interested players can join the whitelist for early access.

Coinbase’s stock price dropped by 7.06% on Monday, closing at $263.95 per share and continued to decline in pre-market trading on Tuesday. The company’s revenue is heavily tied to cryptocurrency prices and trading volumes, making it vulnerable to market fluctuations. Despite strong earnings in Q3, setbacks like scrapping a $2 billion acquisition have impacted Coinbase.

The White House is considering a proposal that would allow the IRS to access data on U.S. taxpayers’ digital asset activity on foreign platforms. This follows a report recommending alignment with global reporting standards to improve tax compliance, with a focus on avoiding additional reporting burdens for decentralized finance transactions.

Bitcoin is currently trading 70% below its estimated fair value based on mining energy cost models, raising concerns among analysts. Technical data shows bearish momentum and recent declines, with historic signals suggesting possible accumulation periods. Miners are facing rising energy expenses and squeezed profit margins, making the next few weeks crucial for market direction.

VanEck and Grayscale have launched Solana ETFs, providing institutional access to the cryptocurrency. VanEck’s ETF on Nasdaq offers waived fees and staking rewards for investors. Grayscale’s spot Solana fund quickly accumulated assets and reduced fees, sharing staking yield with investors. Solana’s price has recently declined, with ETF inflows dependent on market direction.

Switzerland’s AMINA Bank AG has received regulatory approval to offer crypto trading and custodial services to institutional clients in Hong Kong. The bank will offer 13 cryptocurrencies to professional investors, aiming to address a gap in the market. AMINA has also expanded its services in Europe, including securing a MiCA license.

KuCoin has opened a new office in Sydney, Australia, appointing James Pinch as managing director to lead operations. The exchange plans to hire locally and engage with the community through events like the Australian Crypto Convention. KuCoin’s expansion into Australia follows its entry into Thailand earlier this year and comes as the country considers new…

Ethereum is trading near key support levels amid market volatility, with long-term holders accumulating coins despite selling pressure. Technical analysis shows mixed signals, with the 200-week moving average acting as support and the 50-week moving average as resistance. Current price levels indicate interest from long-term investors and institutions.