In a bold and alarming statement, on-chain analyst OxChain raised the possibility of a catastrophic collapse involving Strategy (formerly MicroStrategy), the Bitcoin proxy firm co-founded by Michael Saylor. According to OxChain, this potential downfall could surpass the infamous collapse of FTX. ‘Strategy’s Bitcoin Tactics Resemble Ponzi Scheme’ In a recent post on X (formerly Twitter),…
Chainlink price is slightly up in early trading on Thursday. This comes as Trump asks the House to “get GENIUS” on his desk ASAP. Chainlink’s technology could be massive for stablecoin adoption. Chainlink’s LINK token is among the few across the crypto market to trade green on Thursday morning as it rides optimism around the…
Key takeaways SOL has failed to push above the 20-day EMA and could now test the $140 support level. If the bulls fail to defend the $140 support, SOL could dip further towards $123 in the short term. SOL dips 1% amid broader bearish performance This has been a net negative week for the cryptocurrency…
After falling below the key $3.00 mark, SUI now retests a make-or-break level that could ignite or stall the cryptocurrency’s rally. However, some market watchers believe that the altcoin is preparing for new highs despite the recent pullback. SUI Eyes Breakout To $5 This week, SUI fell below the $3.00 mark amid the Israel-Iran news-fueled…
A COVID-era feature that characterized the bull run in all corners of financial markets, including bitcoin BTC, has made a comeback in Switzerland, one of the most financial powerhouses of the world. The Swiss National Bank (SNB) cut its interest rate to zero on Thursday, to counter falling inflation, appreciating Swiss franc (CHF) and economic…
Circle (NYSE: CRCL) soared 34% on Wednesday, adding another 6% after-hours, as the U.S. Senate passed a landmark bill laying the groundwork for regulated, dollar-backed stablecoins. The move pushed Circle’s stock to $199.59 on Wednesday’s closing, with a high of $211.87 in after-hours trading. The stock is now up over 540% since its June 5…
Key takeaways BTC continues to trade above the $104k level despite the ongoing Middle East crisis. The U.S. Federal Reserve left interest rates unchanged but expects inflation to decline in the coming months. Federal Reserve leaves interest rates unchanged The major financial news of the week took place on Wednesday, with the FOMC confirming what…
Solana has declined by around 13% in the past week, which has brought the asset back to a major on-chain support cluster. Could this be where the bleed ends? Solana Has Strong On-Chain Support Between $145 & $147 In a new post on X, the on-chain analytics firm Glassnode has talked about where support and…
Dogecoin (DOGE) recovered from an intraday low of $0.164 to close near $0.171, posting a 4.7% bounce in line with broader market weakness. The move suggests institutional buyers may be quietly accumulating at lower levels as market participants brace for continued volatility. News Background Dogecoin’s rebound comes in the wake of intense selling pressure sparked…
Crypto exchange KuCoin is now allowing institutional clients to trade without having to pre-fund wallets, recreating a trading experience that they would recognize from the traditional finance (TradFi) world. The Seychelles-based exchange teamed up with BitGo Singapore and will use the crypto custodian’s Go Network for off-exchange settlement (OES), KuCoin said. “KuCoin’s full suite of…
