Everything web3, crypto, defi, degen
In brief XRP last week broke a new record of $3.65. It dropped 15% from that high. But XRP could still move higher as it’s a favorite with retail investors, one analyst told Decrypt. After a wild run, XRP has retreated, erasing its gains of last week. The coin was recently trading for $3.09, according to…
In brief Analysts noted Galaxy Digital and other large Bitcoin holders moved $3.7 billion worth of BTC to exchanges Friday morning, with 26,100 BTC sold at a loss by short-term holders. Bitcoin dropped 1.8% to $116,365 amid mounting selling pressure, while trading volume surged 37% to $131.6 billion in 24 hours. Over $531 million in…
Here’s some more information about the tokens: Virtuals Protocol (VIRTUALS) is a digital asset based on blockchain technology.which enables decentralized peer-to-peer transactions . Trading with Virtuals Protocol can offer portfolio diversification opportunities, potential profits from market movements, and exposure to one of the most active areas of global finance. Fetch.ai (FET) is building a decentralized…
In brief U.S. M2 money supply hit a record $22.02 trillion, but crypto markets continued to slide. Analysts say liquidity remains sidelined in money markets, not flowing into risk assets like crypto. High leverage, especially in altcoins, is driving forced selling and amplifying short-term volatility. The U.S. money supply has climbed to a record high,…
In brief Agama, a longtime SEC official appointed Director-General in 2024, has pushed for more proactive engagement with digital asset firms. His latest remarks follow the onboarding of stablecoin firms into the SEC’s regulatory sandbox and renewed public outreach. Analysts say rebuilding trust will depend on whether the government follows through with consistent, transparent enforcement.…
In brief Ripple co-founder Chris Larsen has moved 50 million XRP since July 17. Larsen has moved most of that amount to exchanges. The third biggest cryptocurrency by market value hit a new all-time high last week. Ripple co-founder and Executive Chairman Chris Larsen moved more than 50 million in XRP over the past week…
In brief India’s CBDT Chairman Ravi Agrawal said the country is stepping up its use of AI and international data-sharing to identify crypto tax evaders. Minister of State Pankaj Chaudhary confirmed the department is using data analytics to match crypto TDS filings with income tax returns and issue automated notices. India is actively participating in…
In brief PayPal will launch a platform this fall linking domestic wallets like UPI and WeChat Pay to its global merchant network. The service mirrors stablecoin functionality but runs on traditional fiat rails, without blockchain infrastructure. It comes as PayPal continues to support and integrate its stablecoin, PYUSD, into its broader product suite. U.S. payments…
In brief BNY Mellon and Goldman Sachs are working together on a tokenized money market fund (MMF) product. The product will allow fund managers to subscribe to MMF shares that earn a tokenized representative. The goal is to unlock utility and transferability of MMF shares. Publicly traded financial giants BNY Mellon Corporation and Goldman Sachs…
In brief A new survey by Reown found that stablecoin owners outnumber Solana holders. Crypto payments and stablecoins have become the “real breakout use case,” for crypto, Reown CEO Jess Houlgrave said. Barriers to adoption include user experience, though solutions such as the WalletConnect Network are addressing the fragmentation of networks and chains. Owners of…
