U.S. stock indices were mixed, treasury yields spiked, as Moody’s downgraded the U.S. credit rating. Major U.S. stocks were mixed after a credit agency dealt a blow to U.S. public finances. On Monday, May 19, the Dow Jones was trading at 42,676 points, up 21.91 points or 0.05% from the market open. The S&P 500 … Read more
The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange. According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto … Read more
Bitcoin (BTC) surged to $107,000 before a fast 4% drop, wiping out $673 million in positions. Mixed signals from macro factors and resistance levels leave traders cautious. Bitcoin (BTC) price action is back in focus. The cryptocurrency briefly touched $107,000 before reversing sharply. This move has left traders questioning whether the largest digital asset is … Read more
Brad Garlinghouse, chief executive officer of Ripple Labs, has hailed the decision by CME Group to launch the first regulated XRP futures. In a statement, Garlinghouse said that the launch of Ripple (XRP) and Micro XRP futures was a ‘key milestone’ for his company. He also revealed that Hidden Road, the prime brokerage recently acquired … Read more
XRP just hit the big leagues as CME Group launches regulated futures, unlocking a powerful gateway for institutional capital to flood into the XRP ecosystem. XRP Futures Go Live—Is This the Institutional On-Ramp Bulls Waited for? Chicago-based CME Group officially introduced XRP and Micro XRP futures to its crypto derivatives lineup on May 19, confirming … Read more
Digital asset investment products saw $785 million in inflows last week, fully reversing losses from early 2024. Ethereum led the charge with $205 million in fresh capital, buoyed by technical upgrades and leadership momentum. Ethereum Leads $785 Million Inflows As Digital Asset Sentiment Rebounds Crypto investment products recorded $785 million in inflows last week, marking … Read more
Key takeaways: Bitcoin’s Sharpe ratio converges with gold’s, indicating similar risk-adjusted returns, supporting its store-of-value role. Gold outperformed Bitcoin in Q1 2025 with a 30.33% price gain versus Bitcoin’s 3.84%, driven by economic uncertainty. Bitcoin ETF inflows are recovering, and analysts predict BTC could reach $110,000–$444,000 in 2025. Bitcoin’s (BTC) price is holding above $100,000, … Read more
Key Points: William C. Dudley purported remarks on economic health spark debate. Market uncertainty grows amid unverifiable claims. Cryptocurrency communities react to economic projections. Federal Reserve’s Dudley Comments Raise Unverified Economic Concerns William C. Dudley’s reported statement on economic conditions on May 19 has spurred discussions. The former Federal Reserve Bank of New York president’s … Read more
XRP has slipped 4% over the past week amid a broader market pullback. As of this writing, the fourth-largest cryptocurrency by market capitalization trades at $2.31. Amid strengthening bearish bias across the general market, on-chain data hints at a near-term rebound. XRP Gears Up for Potential Rally According to Coinglass, XRP’s liquidation heatmap shows a … Read more
Today, BitMine Immersion Technologies, Inc. (OTCQX: BMNRD) announced the launch of its Bitcoin Treasury Advisory Practice and a $4 million deal with a U.S. exchange-listed company. The deal saw Bitmine surpass its last year’s total revenue in that single transaction alone, according to the announcement. BitMine will provide “Mining as a Service” (MaaS) by leasing … Read more