Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
US
Kwon and Done: Montenegro Rules For South Korea Extradition Over U.S.
The Appellate Court of Montenegro has decided to extradite Terraform Labs founder Do Kwon to South Korea, rejecting a competing request from the United States. However, an extradition date has not been set. Court Rulings and Legal Proceedings The Do Kwon tug-of-war continues between the U.S. and South Korea. The latest development in this battle of extradition has seen the scales tip towards the latter, as a Montenegran court has decided to extradite the Terraform Labs founder to his native…
10 months ago
Senator Cynthia Lummis’s Bitcoin Bombshell: Could Crypto Replace Gold in the US Treasury? What To Expect?
The post Senator Cynthia Lummis’s Bitcoin Bombshell: Could Crypto Replace Gold in the US Treasury? What To Expect? appeared first on Coinpedia Fintech News In a recent video analysis, Aaron Arnold of Altcoin Daily highlights how the Bitcoin under the Bitcoin Strategic Reserve bill, led by Senator Cynthia Lummis could become a crucial asset for the US Treasury, boosting the economy and global standing. The next few months could be crucial—Read on why Lummis’ bold initiative matters! Bitcoin as a…
10 months ago
XRP Ledger To Offer Tokenized US Treasury Bills In Partnership With OpenEden
The post XRP Ledger To Offer Tokenized US Treasury Bills In Partnership With OpenEden appeared first on Coinpedia Fintech News In a groundbreaking move, the XRP Ledger will now offer tokenized US Treasury bills (T-bills) to investors with a new OpenEden partnership. T-bills, short-term US government debt obligations backed by the Department of the Treasury, will be available as TBILL tokens on the XRPL. Ripple is committing $10 million to OpenEden’s TBILL tokens. This investment is part of a larger…
10 months ago
Anthony Pompliano Predicts Bitcoin Will Be on U.S. Balance Sheet in the Next 10,15 Years
The post Anthony Pompliano Predicts Bitcoin Will Be on U.S. Balance Sheet in the Next 10,15 Years appeared first on Coinpedia Fintech News Anthony Pompliano, CEO of Professional Capital, predicts that the United States will include Bitcoin in its balance sheet or strategic reserves in the next 10 to 15 years, but the key lies in how active the United States is. He pointed out that Bitcoin could serve as a strategic asset for the country. Pompliano also highlighted opportunities…
10 months ago
Is A Major Bitcoin Dip Coming? What the Coinbase Index Tells Us
An analyst from the CryptoQuant QuickTake platform has now drawn attention to a particular trend tied to the Coinbase Premium Index (CPI) which currently suggests a grim move brewing for Bitcoin. This indicator, when placed with its Simple Moving Average over 14 days (SMA14), has often shown a significant correlation with Bitcoin’s selling pressure, shedding light on how crucial its impact is on the market. Bull or Bear: What the Coinbase Index Tells Us Before diving into what the Coinbase…
10 months ago
US Moves $2 Billion Bitcoin Seized from Silk Road Amid Donald Trump’s HODL Plan
On July 29 at 16:18 UTC, Arkham Intelligence’s on-chain data revealed the movement of approximately 28,000 Bitcoin (BTC) from the Silk Road DOJ Confiscated Funds to new addresses. This US government transfer, worth roughly $2 billion, has caused a stir among the crypto community. The US Government’s $2 Billion Bitcoin Transfer Sparks Debate According to Arkham, initially, the US government transferred those Bitcoins to address ‘bc1qs.’ Around one hour after this transaction, these assets were split between two addresses. The…
10 months ago
Justin Sun Presses China for Bitcoin Policy Reforms Amid US Emerging Crypto Strategy
Justin Sun, founder of the Tron blockchain, has urged China to adopt a more forward-thinking approach to cryptocurrency policy. Sun’s advice comes as former US President Donald Trump’s plans to position Bitcoin as a key player in the global economic landscape if he is re-elected. China Advised to ‘Step Up’ Bitcoin Policies On July 18, Sun used social media to call for China to advance its Bitcoin policies. He argued that increased competition between China and the US in Bitcoin…
10 months ago
Bitcoin (BTC) dips as US government moves $2 billion in $BTC to unknown wallet
Only two days after presidential hopeful Donald Trump said at the Bitcoin 2024 conference that he would not move the US Silk Road $BTC, the government did just that, transferring $2 billion worth to a previously unknown wallet. Bitcoin lost 4% in value on the news. Large $BTC movement sends traders into a panic It seems that the crypto market has still not lost the jitters. Large amounts of $BTC being moved from one address to another is still able…
10 months ago
How Bitcoin Price Could Benefit from the U.S. Government’s $35 Trillion Debt and Reach New Highs of $100K
The post How Bitcoin Price Could Benefit from the U.S. Government’s $35 Trillion Debt and Reach New Highs of $100K appeared first on Coinpedia Fintech News Bitcoin’s long-term trajectory remains bullish, especially in light of the increasing U.S. government debt and resulting inflationary pressures. However, analyst Josh of Crypto brought to attention a new warning signal on the Bitcoin chart. Bitcoin just confirmed a bearish signal, while Ethereum is facing rejection from a crucial resistance level. The US government debt…
10 months ago