Author: driver789

Wall Street broker Bernstein says crypto-linked equities are approaching a cyclical bottom following a steep ~60% drawdown from 2025 highs, framing the pullback as a potential “big discount” opportunity ahead of first-quarter earnings. In a Monday note led by analyst Gautam Chhugani, the firm said the combination of macro uncertainty, geopolitical tension, and weak crypto sentiment has pressured valuations across the sector, but argued that fundamentals tied to long-term growth themes remain intact, according to Investing.com. Despite the bullish longer-term view, Bernstein lowered price targets across major names: it cut its target on Coinbase to $330 from $440, Robinhood to…

Bitmine Immersion Technologies has extended its Ether buying streak into its fifth week, scooping up 71,179 Ether in its largest weekly purchase of 2026 so far. The roughly $147 million Ether (ETH) buy represents a jump from Bitmine’s previous weekly average of $93 million to $103 million, the company said in a statement on Monday.Last week, Lee said Ether is in the final stages of the mini-crypto winter and said this was a key reason the company has been maintaining its aggressive Ether buying over the past few weeks. Across its previous four purchases in March, Bitmine bought up a total…

KuCoin operator Peken Global Limited has been barred from allowing U.S. users onto its platform after a federal court approved a Commodity Futures Trading Commission consent order, closing out the exchange’s U.S. enforcement saga.The order, entered in the Southern District of New York, requires Peken to pay a $500,000 civil penalty and prohibits it from offering trading access to U.S. participants unless it registers as a foreign board of trade. More importantly, it removes the time limit from KuCoin’s earlier U.S. exit, converting what had been a minimum two-year withdrawal into an indefinite ban.The action follows KuCoin’s January 2025 guilty…

Oil prices moved higher this week, with both Brent Crude and WTI surging past $106 per barrel as the market continues responding to developments tied to the war between the US and Iran. The latest price action is reflective of growing concerns over supply disruptions, as well as broader geopolitical uncertainty, especially when it comes to key energy transit routes. Brent crude oil has gained roughly 50% since late February. This move has been driven entirely by fears of disruption in the Strait of Hormuz – a critical passage for global oil shipments. Source: TradingView While the strait has repeatedly…

A crypto analyst has pointed out how Dogecoin has remained stuck in a Descending Triangle recently, decompression from which could potentially trigger a notable move. Dogecoin Has Continued To Coil Inside A Descending Triangle In a new post on X, analyst Ali Martinez has shared a Descending Triangle pattern that has recently been forming in the 4-hour price chart of Dogecoin. The Descending Triangle is a triangular consolidation channel from technical analysis (TA) that forms when an asset travels between two converging trendlines to a net downside. A key feature of the pattern is that the lower trendline is parallel…

Republican Senators Bill Cassidy and Cynthia Lummis introduced legislation Monday aimed at reshaping the U.S. digital asset mining sector, tightening supply chains, and embedding bitcoin into federal reserve strategy. The proposal, titled the “Mined in America Act,” would establish a federal certification program for domestic crypto mining operations while phasing out reliance on foreign-manufactured hardware. It also seeks to codify Donald Trump’s executive order creating a Strategic Bitcoin Reserve, placing the policy on statutory footing, according to a release on the matter. “Digital asset mining is a big part of our economy. We should be doing it here in America,”…

Historical data shows Bitcoin bear markets deepening when oil prices rally to record highs. Will Monday’s $105 WTI price lead to a BTC crash?Key takeaways:$105 WTI crude often triggers Bitcoin price corrections, with history showing a 14% to 27% sell-off within weeks.The BTC to oil correlation remains uncertain as events like Mt. Gox and the Terra-Luna collapse likely deepened previous crypto bear markets.Oil prices surged to $105 on Monday, reaching their highest level in nearly four years. Historically, this specific threshold has aligned with major Bitcoin (BTC) price corrections. However, since these occurrences only took place once in 2014 and…

The U.S. Department of Labor has proposed a rule that would make it easier for 401(k) plans to include alternative assets such as cryptocurrencies, private equity and real estate.The proposal is in response to President Donald Trump’s executive order, released in August, which directed the Labor Department and the Securities and Exchange Commission to facilitate expanded access to alternative assets in 401(k)s.“This proposed rule will show how plans can consider products that better reflect the investment landscape as it exists today,” Labor Secretary Lori Chavez-DeRemer said in a statement.If adopted, the rule would mark a shift in how retirement plans…

Ethereum is trading just above the important $2,000 psychological level, but the apparent stabilization may be deceptive. According to a technical analysis published on TradingView by crypto analyst RLinda, what looks like a recovery attempt is, in fact, a counter-trend correction, a bear market bounce that could be setting bulls up for a painful flush lower. Crypto Winter Tightens Its Grip RLinda’s analysis opens with a direct assessment of how the crypto winter is still in play and support might break down around $2,000.  Technical analysis of the 2-hour timeframe chart shows that Ethereum has already printed a series of…

The U.S. Department of Labor has unveiled a sweeping proposed rule that could significantly expand the range of investment options available in 401(k) retirement plans, marking a potential turning point for alternative assets — including crypto — within tax-advantaged retirement accounts. Released Monday by the department’s Employee Benefits Security Administration, the proposal aims to reduce regulatory uncertainty and litigation risk for fiduciaries considering alternative investments.  The move follows an executive order from Donald Trump directing agencies to “democratize access” to non-traditional assets in retirement portfolios. At its core, the rule reinforces that fiduciary responsibility under the Employee Retirement Income Security…