As geopolitical tensions in the Middle East continue to impact cryptocurrency prices, with Bitcoin (BTC) recently dipping below the $105,000 mark, market analyst VirtualBacon has shared insights suggesting that altcoins are gearing up for a potentially robust summer. Emerging AI Memecoins In a recent update on social media platform X (formerly Twitter), he highlighted several…
The cryptocurrency market faces renewed pressure as conflict between Iran and Israel intensify, with NEAR Protocol showing notable price sensitivity to these geopolitical developments. The digital asset has established key support around $2.09-2.10, where increased trading volume suggests potential accumulation despite the overall bearish trend. Technical analysis NEAR-USD exhibited a 6.1% trading range ($2.219 high…
Compute Labs, a startup that turns the industrial-grade GPUs that power AI data centres into fractionalized yield-bearing tokens, and enterprise AI cloud firm NexGen Cloud, have joined forces to begin distributing ownership of a $1 million “public vault,” the companies said on Wednesday. The power and profitability of AI infrastructure are largely centralized and generally…
Ethereum’s price action has formed a consolidation pattern between $2,500-$2,540 with decreasing volume suggesting accumulation rather than distribution. The cryptocurrency remains trapped below the critical $2,800 resistance level that has acted as a barrier several times in recent weeks, with traders closely watching for a breakout that could trigger renewed momentum toward $3,000. Meanwhile, staking…
The wider promise of stablecoins, cryptocurrencies whose value is tied to another asset, has remained elusive until now due to regulatory uncertainty, broker Canaccord said in a research report Wednesday. The passage of the GENIUS Act in the U.S. Senate changes everything, it said. The legislation, whose full name is Guiding and Establishing National Innovation…
The largest tokenized U.S. Treasury fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), can now be used as collateral on two of the most active crypto trading platforms, Crypto.com and Deribit, issuer Securitize said in a Wednesday press release. The listings allow institutional traders to post BUIDL tokens as margin for leveraged trades on…
SUI has broken below a key support as bearish sentiment intensifies. Derivatives data shows declining interest and rising short positions. Network activity has dropped sharply, signalling weak fundamental support. The price of Sui (SUI) has come under intense pressure in recent days, stirring concerns among traders and investors about the possibility of a deeper correction…
Since late 2024, BBVA’s private‑banking arm in Switzerland has been quietly advising clients to add Bitcoin and Ether to their holdings. According to Philippe Meyer, who leads digital and blockchain solutions at BBVA Switzerland, wealthy customers should allocate between 3% and 7% of their portfolios to crypto. Based on reports, this advice aims to boost returns…
After days of rumors around the identity of the mysterious ‘JPMD’ token filed by JPMorgan, widely supposed to be a stablecoin, the truth has finally emerged. JPMD isn’t a stablecoin after all – it’s a deposit token on the Base blockchain (Coinbase’s own blockchain). With JPMD, institutions have a round-the-clock method of making deposits, incorporating…
After days of rumors around the identity of the mysterious ‘JPMD’ token filed by JPMorgan, widely supposed to be a stablecoin, the truth has finally emerged. JPMD isn’t a stablecoin after all – it’s a deposit token on the Base blockchain (Coinbase’s own blockchain). With JPMD, institutions have a round-the-clock method of making deposits, incorporating…
