Author: driver789

Earlier today, as bitcoin recovered from a rocky weekend, the U.S. manufacturing sector delivered a starkly bullish surprise to markets, with the Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) jumping to 52.6 in January, nearly 4 points above the 48.5 consensus estimate and marking its return to expansion territory for the first time in over a year.  A PMI above 50 signals net expansion in factory activity — a concrete metric of business confidence and forward‑looking demand — and this marked the highest reading since mid‑2022. This means businesses are seeing some post-holiday demand. The breadth of…

Fidelity announced the launch of a stablecoin on the Ethereum mainnet, positioning the token as a compliance-wrapped settlement dollar distributed through the firm’s brokerage, custody, and wealth management channels.The move lands amid what looks like a stablecoin sprawl, as estimates suggest 59 new major stablecoins launched in 2025 alone, per third-party tracker Stablewatch.This looks like overcrowding, but it’s segmentation. Stablecoins that all say “$1” aren’t interchangeable once distribution, compliance perimeter, redemption rails, permitted users, chain portability, and treasury strategy are priced in.Fidelity’s FIDD digital dollarFidelity’s token, the Fidelity Digital Dollar (FIDD), is issued by Fidelity Digital Assets, National Association, a…

US President Donald Trump has denied knowledge of a reported multimillion-dollar deal between his family and an Abu Dhabi royal for a significant stake in the World Liberty Financial crypto platform. “I don’t know about it,” Trump told reporters on Monday when asked about his involvement in the deal.“My sons are handling that — my family is handling it,” Trump added. “I guess they get investments from different people.”JUST IN: 🇺🇸🇦🇪 President Trump says he did not know Abu Dhabi invested $500 million in his World Liberty crypto project. “I don’t know about it. My sons are handling that, I…

A historical signal for Ethereum. On July 16th, the Enterprise Ethereum Alliance (EEA), joined a delegation led by ERC-3643 Association and with The Linux Foundation and Chainlink Labs, Etherealize to present to the U.S. Securities and Exchange Commission’s (SEC) crypto asset task force. For the first time, Ethereum’s standards and infrastructure were formally showcased inside the halls of the SEC. (read the official SEC meeting statement) At the same time, the SEC issued a no-action letter clarifying that tokenized securities can be issued on Ethereum under existing laws, without requiring a new legal framework. For enterprises building onchain, this is…

The crypto market may be closing in on the bottom of its current downturn, but analysts at Compass Point say it will take a broader risk-off event to push bitcoin BTC$78,858.30 significantly lower.“While near-term risk remains skewed to the downside, we believe we’re approaching the final innings of the crypto bear market,” analysts Ed Engel and Michael Donovan wrote in a report Monday. “Further downside would likely require a U.S. equity bear market.”Their base case calls for bitcoin to bottom between $60,000 and $68,000, a zone where long-term holders have shown buying conviction in past cycles. “We see very strong…

Unclaimed Ether (ETH) from the infamous 2016 hack on The DAO will be redirected into a new security fund aimed at strengthening the network, says Ethereum advocate Griff Green.“There’s a lot of money just sitting in random contracts that were supposed to be returned to people who were affected by the hack,” Green said in an interview on Thursday with Unchained podcast host Laura Shin, reiterating plans to launch the security fund. The DAO was a decentralized autonomous organization that an anonymous hacker exploited in June 2016 to siphon more than $50 million worth of Ether at the time.The incident led…

Bitcoin.com has added support for Zano, the most advanced privacy blockchain. This marks another major step toward making privacy-first finance accessible to millions worldwide.👉 Get ZANO in the Bitcoin.com Wallet App now 👈Why This MattersIn today’s world, financial privacy isn’t just a luxury — it’s a necessity. Every transaction leaves a trace, and without privacy, individuals are vulnerable to surveillance, exploitation, and censorship. That’s why Bitcoin.com is dedicated to integrating tools that put financial control back into users’ hands. And Zano? It’s built for exactly that purpose.https://medium.com/media/8cfbeae8cb679013dd3e3c191454257e/hrefBitcoin.com CEO Corbin Fraser put it best: “Financial transactions are deeply personal. Privacy should not be optional — it should be…

Newly released Epstein files show that Jeffrey Epstein received an email in March 2019 highlighting what was described as a “massive controversy” surrounding Coinbase and its acquisition of blockchain analytics firm Neutrino. The email, dated March 12, 2019, was sent by Richard Kahn, a New York–based finance consultant who appears repeatedly in the files as a source of forwarded news and analysis.  The subject line references claims attributed to the CEO of Kraken and mentions Ripple’s XRP ($1.63) alongside Neutrino. Email Sent to Epstein About the Coinbase and Neutrino Controversy. Source: DOJ How a 2019 Crypto Crisis Landed in Epstein’s…

Raoul Pal is pushing back on the idea that crypto’s current drawdown signals a broken market cycle, arguing instead that bitcoin and high-beta risk are being hit by a temporary US liquidity air pocket tied to Treasury cash management and government shutdown dynamics. In a weekend post on X framed as a takedown of “false narratives,” the Global Macro Investor founder said the prevailing story—“that BTC and crypto are broken. The cycle is over”—has become an “alluring narrative trap,” especially as “prices [are] puking each and every fucking day.” But Pal said a separate question from a GMI hedge fund…

The Dow Jones Index and the crypto market slipped as investors reacted to Donald Trump’s decision on Kevin Warsh to be the next Federal Reserve Chairman. Summary The Dow Jones Index dropped by over 0.40% on Friday. The crypto market also dropped, with Bitcoin and most altcoins being in the red. These assets dropped after Donald Trump nominated Kevin Warsh for the Fed Chair. The Dow Jones, S&P 500, and Nasdaq 100 indices dropped by over 40 basis points, while the crypto market crash gained steam. Bitcoin (BTC) moved below $82,000 for the first time in weeks. Ethereum (ETH) dropped…