ETF demand remains strong, but inflation data could determine where Bitcoin goes next. Bitcoin dipped below $80,000 as strong US jobs data raises the chances of another interest rate hike. Markets now put the odds of a Federal Reserve rate hike on September 16 at about 60%. According to the recent Bitfinex Alpha report,…
Circle has added upfront fee payments to CCTP Fast Transfer, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients. Summary CCTP developers can collect Fast Transfer and Forwarding Service fees before a USDC transfer. Fees can be paid in USDC or the source blockchain’s…
What it used to take up to two business days was settled for minutes during the weekend. DBS and Citi settled a US dollar cross-border payment between Singapore and New York on September 5 using tokenized deposits on SWIFT’s shared ledger, clearing the transfer in minutes over a weekend when a conventional payment can…
Kalshi has lost an emergency injunction request at the 10th Circuit, leaving Utah free to enforce its gambling laws while the prediction market operator pursues its appeal. Summary The 10th Circuit denied Kalshi’s request for an injunction pending appeal. Utah may now bring civil or criminal enforcement action against the prediction market operator. States have…
Declining Chainlink whale transactions and rising exchange balances create fresh selling concerns. Chainlink has staged a strong rally after the mid-August breakout. But its momentum may be cooling down. A new analysis suggests that LINK’s latest price move is facing several signs of caution after it surged 95% from around $7 to a recent…
The Sejm fell 25 votes short of overriding President Nawrocki’s veto, leaving Poland as the only EU member state without a domestic crypto licensing framework and forcing roughly 2,000 firms into regulatory exile. Summary Poland’s lower house voted 241 to 198 to override President Karol Nawrocki’s veto, falling 25 votes short of the 266 needed…
BitMine now holds 5.93 million ETH, worth roughly $14.8 billion, representing 4.9% of total supply and bringing it close to its 5% target. BitMine Immersion Technologies (BMNR) reported an Ethereum (ETH) treasury of 5,929,198 tokens and combined crypto, cash, and moonshot holdings of $15.7 billion as of September 7, in an 8-K filed September…
Robinhood has signed a multi-year deal to route selected event contracts through OG.com while taking equity stakes priced against $20 billion and $5 billion valuations for Crypto.com and OG.com, respectively. Summary Robinhood will route selected retail event contracts through OG.com’s federally regulated derivatives platform. Robinhood will receive initial equity stakes in both Crypto.com and the…
Ethereum has entered a consolidation phase after a sharp recovery from the $1.5K area. The cryptocurrency is now trading slightly below $2.5K, holding relatively firm despite repeated tests of the upper end of its recent range. Meanwhile, exchange reserves continue to decline, pointing to a potentially constructive supply-side backdrop. Ethereum Price Analysis: The Daily Chart…
Zcash price traded near $1,150 on Sep. 8 after a sharp six-day rally carried ZEC from about $814 to a multi-year high of $1,249, with derivatives liquidations and a major technical breakout supporting the move. Summary Zcash price gained more than 53% between its Sep. 3 level and the Sep. 6 peak. ZEC remains above…
