Author: driver789
Key takeaways:Professional traders are paying a 13% premium for downside protection as Bitcoin struggles to maintain support above $66,000.While stocks and gold remain strong, $910 million in Bitcoin ETF outflows suggest that institutional investor caution is rising.Bitcoin (BTC) price entered a downward spiral after rejecting near $71,000 on Sunday. Despite successfully defending the $66,000 level throughout the week, options markets reflect growing fear as professional traders avoid downside price exposure. Even with relative strength in the stock market and gold prices, traders seem to be effectively betting on a $60,000 retest rather than overreacting to Bitcoin price dips. BTC two-month options…
Limited stablecoin rewards are favored by the White House, and if bankers sign off, they’ll be in the next draft of the crypto market structure bill, according to two people familiar with the negotiation.At a Thursday working session meant to secure common ground on stablecoin rewards between banks and the crypto industry, the White House made it clear that certain rewards programs were going to stay in the next draft of the crypto market structure bill, the people said. Representatives of Wall Street banks that attended the meeting actively worked on that language, and the White House will put together…
Crypto expert Remi has raised the possibility that XRP could have a base price of $10,000. This came as the expert noted that the XRP Ledger (XRPL) could become the go-to network for tokenization, boosting XRP’s utility. How XRP Can Achieve A Base Price of $10,000 In an X post, Remi predicted that XRP could have a base price of $10,000. He suggested that this could happen if the altcoin has a “United States Crypto price Floor System.” Notably, he made this comment in reference to a report on the U.S. developing a critical minerals price floor system. Related Reading…
Blockchain transaction data tied to cryptocurrency payments may provide an early signal of emerging drug crises, according to a new report from blockchain analytics firm Chainalysis.The study, which examined illicit market activity across darknet drug and fraud ecosystems, found that crypto flows connected to darknet markets reached nearly $2.6 billion in 2025, showing that online drug markets continue to operate at scale despite repeated law-enforcement takedowns. Vendors typically receive payments from personal wallets and centralized exchanges.Beyond measuring criminal activity, Chainalysis argued that the data can track real-world health outcomes. Crypto payments to suppliers of fentanyl precursor chemicals declined sharply beginning…
Federal Reserve Bank of Minneapolis President Neel Kashkari delivered another pointed criticism of crypto while defending the Federal Reserve’s independence during remarks in Fargo, North Dakota, today. Speaking at the 2026 Midwest Economic Outlook Summit, Kashkari questioned the practical value of digital assets, stating that “crypto has been around for more than a decade and it’s utterly useless,” according to Bloomberg. He contrasted crypto with artificial intelligence tools, which he said have demonstrated clear, everyday utility for consumers and businesses. Kashkari also dismissed the promise of stablecoins, arguing they offer little improvement over existing payment systems. “I can send any…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
US-based exchange-traded funds issuer ProShares has launched a money market ETF designed to qualify as an eligible reserve asset under the GENIUS Act, positioning it for potential use by stablecoin issuers.The ProShares GENIUS Money Market ETF, trading under the ticker IQMM, invests exclusively in short-term US Treasurys. Unlike conventional government money market funds, it uses a floating net asset value (NAV) based on market pricing and trades intraday on an exchange.According to an announcement on Wednesday, the structure includes same-day settlement and dual NAV features designed for institutional reserve management.The prospectus adds that because the portfolio is limited to reserve-eligible…
The latest Federal Open Market Committee minutes struck a hawkish tone, pressuring risk assets including cryptocurrencies. Summary Policymakers warned inflation progress may be “slower and more uneven,” signaling rate cuts are not imminent and that hikes have not been fully ruled out. With Treasury yields rising and easing deemed potentially premature, high-beta assets like Bitcoin, Ethereum and XRP faced renewed selling pressure. BTC holds near $66.8K but remains below its 50-day SMA; ETH consolidates near $1,960 with weak inflows; XRP trades under key Bollinger resistance near $1.46. Policymakers acknowledged that while inflation has cooled from its highs, progress toward the…
More progress was made but no compromise deal has yet emerged after a meeting hosted by the White House on Thursday to bring crypto insiders and bankers to the table again on U.S. digital assets legislation, according to a post on social media site X from participant Paul Grewal, the chief legal officer at Coinbase.”The dialogue was constructive and the tone cooperative,” Grewal wrote, saying the sides made “more progress.”This was the third in a series of meetings meant to pierce the impasse that’s locked up the crypto market structure bill on a point that has nothing to do with…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum Foundation’s protocol track leads published a new “Protocol Priorities Update for 2026” on Feb. 18, outlining how core R&D will be organized this year and what the next upgrade cycle is expected to emphasize. Ethereum’s Priorities In 2026 The update looks back at 2025 as a high-throughput year for mainnet changes, anchored by two network upgrades. Pectra shipped in May, Fusaka followed in December with PeerDAS on mainnet. Alongside those upgrades, the community increased the mainnet gas limit from 30 million to 60 million, calling…