Author: driver789
Key senators and the White House have reached a tentative agreement on cryptocurrency legislation aimed at resolving a dispute between banks and digital asset firms over stablecoin yields, according to Politico reporting. The move could clear the way for a landmark crypto regulatory bill stalled in the Senate Banking Committee since January. Sen. Thom Tillis (R-N.C.) and Sen. Angela Alsobrooks (D-Md.) said Friday they have an “agreement in principle” on language intended to balance innovation with financial stability. The legislation seeks to prevent stablecoin rewards programs from triggering widespread deposit withdrawals from traditional banks, a concern raised by Wall Street…
Strategy CEO Phong Le suggested that a potential asset allocation by Morgan Stanley to Bitcoin could trigger a massive buying wave in the cryptocurrency market. In a post on social media, Le noted that Morgan Stanley’s asset management arm manages a portfolio of approximately $8 trillion. According to Le, if a 2% allocation—the midpoint of the 0% to 4% allocation range the company proposes for Bitcoin—is chosen, this could translate to approximately $160 billion in new demand for the market. This magnitude is said to be roughly three times the size of BlackRock’s IBIT fund, currently one of the largest…
Bitcoin searches for equilibrium at $70,000 while rising crude oil prices and tanking stock markets have investors worried over the future of inflation in the US.Bitcoin’s (BTC) swift rejection from its $76,000 range high on Tuesday, and the subsequent sell-off below $70,000, raised concerns among traders that the bottom is not in for BTC.Chartered market technician Aksel Kibar suggested that a bearish wedge pattern similar to the one seen from December 2025 to early January 2026 may be forming again. Kibar said, “Breakdown of the lower boundary will be the signal for a possible move towards $52.5K.”BTC/USD: Source: X / Aksel KibarKibar…
Ethereum investor Stanley Druckenmiller has added his voice to the growing conversation around the future of digital finance, predicting that stablecoins could become the dominant force in global payment systems within the next few years. The veteran investor’s outlook reflects a broader shift among institutions and market participants toward viewing blockchain-based money as a critical financial infrastructure. Why Stablecoins Could Replace Traditional Payment Rails Stanley Druckenmiller, a prominent investor with exposure to Ethereum, is increasingly aligning his investment positioning with his outlook on the future of payments; one dominated by stablecoins and blockchain infrastructure. According to the Etherealize post on…
A political action committee with ties to major tech and crypto donors is raising the specter of disgraced ex-FTX CEO Sam Bankman-Fried to target New York congressional candidate Alex Bores as the state legislator faces a crowded Democratic field.A sharply worded mailer distributed by Think Big PAC told voters that the Democratic primary candidate for New York’s 12th Congressional District once got more than $100,000 in support from the former head of the failed global exchange, and alleges that “Bankman-Fried’s buddies are bankrolling Bores for Congress.” It also criticizes Bores’ campaign financing and positions him as out of step with…
XRP is consolidating after several days of volatility and sharp price swings around the $1.50 level, as the market attempts to stabilize following recent directional uncertainty. While price action has slowed, traders remain cautious, watching for confirmation of either a continuation move or a deeper retrace. Related Reading Beneath the surface, on-chain data points to a notable shift in market behavior. According to a CryptoQuant report, high-value XRP withdrawals are becoming increasingly dominant across multiple exchanges, with Binance emerging as the primary hub for these movements. The Multi-Exchange Daily Outflow (>1M XRP) metric, which filters for large transactions, highlights a…
Google just disclosed a vulnerability that targets iPhone crypto wallets and could have affected an estimated 270 million Apple devices. The DarkSword exploit, which strings together multiple zero-day vulnerabilities, is still live today and affects iPhones running iOS 18.4 through 18.7, updates that were released between April and September last year. Up-to-date Apple devices use iOS 26.3.1. However, because many people don’t automatically upgrade, 24% of all iPhones still use iOS 18 according to Apple’s own data. DarkSword allows hackers to orchestrate six vulnerabilities together to silently compromise devices, dump their Keychain databases, and vacuum up crypto wallet data. Frequently…
Phong Le, President and CEO of Strategy, the world’s first and largest Bitcoin treasury firm, said Morgan Stanley’s proposed bitcoin ETF could unlock as much as $160 billion in demand under a modest portfolio allocation scenario. “Morgan Stanley Wealth Management oversees about $8 trillion in AUM and recommends 0–4% bitcoin allocation,” Le wrote on X. “A 2% allocation would represent $160 billion, about three times the size of IBIT. MSBT: Monster Bitcoin.” In other words, Le is saying that even a modest 2% bitcoin allocation across Morgan Stanley’s $8 trillion wealth platform could drive about $160 billion into bitcoin, far…
In the latest Cointelegraph interview, professional trader Alessio Rastani warns that Bitcoin could fall below $60,000 before a meaningful bottom forms.Professional trader Alessio Rastani is back with a fresh market update, and the key question remains: has Bitcoin (BTC) already found its bottom — or is the real move still ahead?In this latest interview, Rastani revisits his previous outlook and explains why his view has shifted as price action unfolded. While Bitcoin managed a short-term recovery earlier this year, he argues that the structure of the recent bounce is not yet convincing enough to signal a sustained uptrend.In fact, he…
Only weeks ago, the interest rate debate in the U.S. centered on just how many Federal Reserve rate cuts there would be in 2026. But as the economy shows only faint signs of slowing, inflation remains above the central bank’s 2% target, and oil prices are up 50% in three weeks, rate traders are beginning to contemplate a rate hike as soon as April.According to CME FedWatch, the chances of the Fed tightening policy at its next meeting in April have risen to 12%. That’s up from 0% one week ago and an even sharper reversal from two months ago,…