The divergence between on-chain supply trends and market sentiment highlights how multiple factors are influencing XRP’s price. Binance’s XRP reserves have fallen to about 2.61 billion tokens, their lowest level since February, and the balance has held there since the start of July. And even though the Ripple token had been sliding toward $1.06…
Japan has enacted sweeping amendments to its financial laws that classify cryptocurrencies as financial products, opening the door to lower crypto taxes, domestic exchange-traded funds and stricter market oversight. Summary Japan has passed a law classifying cryptocurrencies as financial products under the Financial Instruments and Exchange Act. The legislation creates a path for a 20%…
In crypto news today (July 15), Bitcoin has surged back to $65,000, with an impressive +3.5% move over the past 24 hours. At this time of writing, BTC USD is sitting just under $65K, but if it can close above on a 4-hour candle, a push toward $70,000 could be on the cards. This move…
A sharp drop in WBTC held on exchanges could be a positive sign for Bitcoin. 326 Wrapped Bitcoin (WBTC) tokens on Ethereum were withdrawn from exchanges in a single day. According to fresh data shared by Santiment, this is the largest net exchange outflow since early June. This transfer of coins has reduced the…
Ark Invest has expanded its exposure to Circle and Block while cutting its Robinhood position, adding nearly $15.4 million worth of shares across the three companies. Summary Ark Invest bought nearly $13.9 million worth of Circle shares and added to its Block position. The investment firm sold about $3.15 million worth of Robinhood shares as…
Three Democratic senators have opposed the Digital Asset Market Clarity Act unless lawmakers add stronger ethics rules covering senior officials and their families. Summary Murphy, Merkley and Van Hollen oppose the CLARITY Act unless lawmakers add strict ethics safeguards. John Thune pledged a Senate vote before recess, but timing and Democratic support remain uncertain. The…
A plunge below $0.90 or the start of a new bull run: what is next for XRP? Ripple’s cross-border token remains one of the most talked-about topics in the crypto space, but analysts have recently split into two distinct camps. On one side, we have people calling for the end of the bear market…
The most important legal test in crypto was written in 1946 to settle a dispute about orange groves. That single sentence explains most of the past decade of American crypto regulation: the confusion, the lawsuits, the exodus of projects to friendlier jurisdictions, and the legislative fight now playing out in the United States Senate. \Every…
In crypto news today (July 14), Bitcoin has dropped a further -0.5% overnight and has failed to reclaim $63,000, trading at $62,500 as of this morning’s trading session. The longer BTC spends under $63,000, the more likely a drop toward $60,000 will be tested. Yesterday saw a whopping -$424M exit the various Bitcoin ETF products,…
July’s positive seasonality may drive Bitcoin’s recovery, but macro factors like the June CPI and geopolitical tensions could constitute a hindrance. This week’s Bitfinex Alpha report has revealed that bitcoin usually has a five-to-six-month bear market window where it trades below the Short-term Holder Realized Price. The fifth and sixth months mark the final…
