Author: driver789

Citibank has cut its 12‑month Bitcoin target to 112,000 dollars and Ethereum to 3,175 dollars, warning that stalled U.S. legislation and fading ETF enthusiasm are capping upside. Summary In a new note cited by ChainCatcher, Citibank cut its 12‑month Bitcoin target from 143,000 dollars to 112,000 dollars and lowered its Ethereum target from 4,304 dollars to 3,175 dollars, even as both trade near record levels.​ Citi blames stalled comprehensive U.S. crypto legislation, softer expectations for spot ETF inflows and underwhelming on‑chain usage, now projecting 10 billion dollars of net Bitcoin fund inflows and 2.5 billion dollars into Ethereum products over…

Arizona Attorney General Kris Mayes filed criminal charges against Kalshi Tuesday, charging the prediction markets platform with operating an unlicensed gambling business and offering election wagering in the state, actions she said violated the state’s laws.Mayes charged KalshiEx LLC and Kalshi Trading LLC with 20 counts, alleging the platform accepted bets from Arizona on a wide range of events in violation of Arizona law, including sports and elections, like contracts betting on the outcomes of the 2028 presidential race and 2026 state gubernatorial race.“Arizona law prohibits operating an unlicensed wagering business, and separately bans betting on elections outright,” the attorney…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has reclaimed the $2,300 level as renewed buying activity begins to push the market higher after months of persistent downward pressure. The move marks a notable shift in short-term sentiment, with traders increasingly pointing to growing bullish momentum across the broader cryptocurrency sector. Over the past seven days, Bitcoin has climbed approximately 8.6%, reinforcing the perception that the market may be transitioning out of the corrective phase that dominated recent months. Ethereum, which often behaves as a higher-beta asset within the crypto ecosystem, has responded even…

XRP has reclaimed the $1.50 level after several months of volatile and largely subdued price action, signaling renewed bullish activity in the market. The move marks one of the strongest short-term recoveries for the asset in recent weeks, as buyers return and traders begin reassessing XRP’s market structure after an extended consolidation phase. Related Reading While price momentum has improved, new on-chain data suggests that important shifts are also occurring in the supply dynamics on major exchanges. Recent data tracking XRP reserves on Binance, the largest cryptocurrency exchange by trading liquidity, indicates a notable increase in the amount of XRP…

Strategy (MSTR) is closing in on BlackRock’s iShares Bitcoin Trust (IBIT), with the gap in Bitcoin holdings shrinking to a level that could be erased within the next couple of weeks. Recent data shows IBIT holding roughly 781,000 BTC, while Strategy holds about 761,000 BTC. The difference, now around 40,000 BTC, has tightened as Strategy accelerates its accumulation pace, according to investor Mark Harvey. The shift reflects diverging models. IBIT holdings rise and fall based on investor inflows and outflows into its spot ETF, while Strategy raises capital through equity and preferred share issuance to fund direct Bitcoin purchases.  This…

Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments.The deal includes up to $300 million in contingent payments and is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions, the company said on Tuesday.“We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits,” Jorn Lambert, chief product officer at Mastercard, said.BVNK, founded in 2021, provides infrastructure that allows businesses to send and receive payments across major blockchain networks in more…

Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments.The deal includes up to $300 million in contingent payments and is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions, the company said on Tuesday.“We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits,” Jorn Lambert, chief product officer at Mastercard, said.BVNK, founded in 2021, provides infrastructure that allows businesses to send and receive payments across major blockchain networks in more…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2148.63, down 0.9% (-20.59) since 4 p.m. ET on Monday.One of 20 assets are trading higher.Leaders: NEAR (+0.4%) and CRO (+0.0%).Laggards: UNI (-4.1%) and SUI (-4.0%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Michael Nadeau, founder of The DeFi Report, says he remains bullish on Hyperliquid over the long run, but argues the latest move in HYPE looks mistimed. In a post on X, he said the market is leaning too hard into the bullish narrative just as on-chain activity and positioning data begin to soften. Nadeau’s central point is not that Hyperliquid is broken. It is that the recent strength in HYPE may have outrun what the underlying data currently supports. “I’m a fan of both @Globalflows and HYPE, but think he’s early here,” Nadeau wrote. He added that HYPE had “been…

Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders. Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move tokenized deposits around the clock while keeping them on the balance sheet as bank liabilities, according to a Tuesday release shared with Cointelegraph.The move comes as lawmakers debate frameworks such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act and as stablecoin issuers…