Author: driver789
Ethereum price rose 7% to a three-week high on Wednesday, fueled by a broader market rebound and strengthening stablecoin supply on the network. Summary Ethereum rose to a three-week high of $2,257 as a US-Iran ceasefire eased tensions and boosted risk appetite. Stablecoin supply on Ethereum hit a record $180 billion, reinforcing liquidity and network activity. Bullish technical signals remain intact, with $2,384 as the next resistance and $2,500 in focus. According to data from crypto.news, Ethereum (ETH) price rose 9% to a multi-week high of $2,257 on Wednesday, fueled by a recovery in the entire crypto market following news that…
The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal.Ethereum holds 60% of the stablecoin supply at $180 billion, which is up 150% over the past three years, the firm reported Tuesday.The company projected that around $1.7 trillion is expected to come onchain across all networks over the next four years and that Ethereum could see $850 billion in “new flows” by 2030, if it grows 470% in that time. Standard Chartered predicted in late 2025 that more than $1 trillion may exit banks and flow into…
More than two years after the first 11 spot bitcoin ETFs began trading in the U.S., a 12th, issued by a top-10 Wall Street bank with $1.9 trillion in assets under management, could debut Wednesday. The Morgan Stanley Bitcoin Trust could start trading NYSE Arca under the ticker MSBT, Bloomberg’s ETF Analyst Eric Balchunas said on X, an NYSE listing notice that points to an April 8 launch.The ETF hold actual bitcoin and tracks the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate. It does not use leverage, derivatives, or active trading to beat bitcoin’s price swings. BNY and Coinbase…
On-chain data shows the Cardano network has witnessed a surge in large wallets over the last couple of months, a sign that big-money hands have flowed in. Cardano Wallets With More Than 10 Million Tokens Have Grown In Count As highlighted by on-chain analytics firm Santiment in an X post, Cardano whales have hit a 4-month high count. The indicator of interest here is the “Supply Distribution,” which measures the total number of addresses that belong to a particular coin group. Investors are divided into these cohorts based on the number of tokens that they are carrying in their balance.…
Two giants of the financial world, Galaxy Digital CEO Michael Novogratz and SkyBridge Capital founder Anthony Scaramucci, discussed the future of Bitcoin (BTC ($71,820.00 · Live)) amidst global economic uncertainties in their recent broadcast. Despite the general pessimism in the markets, both speakers emphasized Bitcoin’s resilience and long-term potential. “If Bitcoin’s Business Model Were Over, Its Price Would Drop Much More” Commenting on Bitcoin’s decline from the $100,000 mark in January to the $60,000 range, Michael Novogratz described this process as a “liquidity drain.” Novogratz stated that forced sellers were withdrawing from the market, adding the following: “I have absolutely…
A growing share of workers are open to receiving part of their paycheck in crypto, even as most employers have yet to offer it. New survey data from Oobit shows a gap between employee demand and workplace adoption, pointing to a shift in how compensation could evolve. The study, based on responses from 1,004 full-time employees, found that 43% of workers are interested in receiving some portion of their pay in digital assets. Among those who already own digital assets, interest rises to 57%, suggesting familiarity plays a central role in adoption. Still, crypto payroll remains rare. Only 7% of…
Some past enforcement actions against cryptocurrency companies lacked clear investor benefit and misinterpreted federal securities laws, the US Securities and Exchange Commission (SEC) said on Tuesday. Since the 2022 fiscal year, the SEC brought 95 actions and $2.3 billion in penalties for “book-and-record violations,” it said in a statement about its enforcement results for 2025. “Together with seven crypto firm registration-related and six ‘definition of a dealer’ cases, these cases identified no direct investor harm from those violations, produced no investor benefit or protection.” It also reflected a “bias for volume of cases brought versus matters of investor protection,” a misallocation of resources…
Binance founder Changpeng Zhao (CZ) says Sam Bankman-Fried asked him for “a couple of billion dollars nonchalantly, as if he were asking for a bologna sandwich” during the phone call that preceded Binance’s attempt to acquire FTX in November 2022, and that he never had any intention of going through with it.”I didn’t have any interest in owning FTX. I also wasn’t that interested in helping SBF,” Zhao writes in his memoir Freedom of Money, released Tuesday. “But we may have to step in to protect the users and the industry.” He signed the non-binding Letter of Intent, he says,…
Africa’s crypto regulation is accelerating as Ripple highlights eight nations advancing formal oversight, driving adoption and investment while positioning the region for deeper integration into global digital asset markets. Key Takeaways: Ripple highlights 8 African nations advancing crypto regulation, led by South Africa licensing rules. Nigeria, Kenya, and Mauritius frameworks boost adoption, with stablecoins rising […]
Bitcoin price started a strong increase above the $70,000 zone. BTC is consolidating gains and might aim for more gains above the $71,500 zone. Bitcoin gained pace for a move above the $69,500 and $70,500 levels. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a key declining channel with resistance at $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $70,250 and $69,500 levels. Bitcoin Price Rallies 5% Bitcoin price managed to climb higher above the…