Coinbase and Circle shares surged Wednesday after US lawmakers signaled support for clearer stablecoin regulation by pushing through the GENIUS Act for House approval. On Wednesday, Coinbase (COIN), listed on the Nasdaq, closed the trading day up 16.32% to $295.29, while Circle (CRCL), listed on the NYSE, rose 33.82% to close at $199.59, according to … Read more
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1729 as compared to the previous day’s fix of 7.1761 and 7.1916 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate … Read more
Altcoin Analysis Ethereum (ETH) continues to consolidate within a narrow trading band, with analysts pointing to mounting pressure that could soon trigger a decisive breakout. According to DaanCrypto, the current price action is marked by strong absorption of wicks on both sides—a classic sign of market compression. “Generally this kind of compression ends up in … Read more
GBP/USD remains stuck near 1.3400 following an early-week decline. The Fed held interest rates steady, as markets broadly expected, with the requisite warnings about labor and inflation. The BoE is up next with its own interest rate decision; no change in UK rates is expected. GBP/USD spun a circle on Wednesday, rising and falling through … Read more
Ripple urges Judge Torres to approve its joint SEC motion, securing reduced penalties, preserving prior rulings, and accelerating long-awaited resolution that could redefine XRP’s regulatory landscape. Ripple and SEC Urge Judge Torres to Acknowledge Settlement and End XRP Case Ripple’s legal team formally petitioned Judge Analisa Torres of the Southern District of New York on … Read more
BTC remained range-bound within $100K-$110K amid geopolitical tensions. QCP Capital warned that the war could lead to inflation and affect risk-on markets. The Israel-Iran war has entered its sixth day, but Bitcoin [BTC] has stayed above $100K. However, the market direction remains uncertain amid the U.S. threats to join the war. Besides, market experts have … Read more
In brief Bitcoin’s price fell on Wednesday, while altcoins were hit harder. Trump called Powell “stupid,” as the Fed is expected to hold interest rates steady. Iran’s supreme leader said the U.S. would face “irreparable damage” if it joins a growing conflict in the Middle East alongside Israel. The price of Bitcoin fell on Wednesday … Read more
Czech Prime Minister Petr Fiala’s Civic Democratic Party withstood a fourth attempt to topple their government in three years — this time with opposition parties uniting against them over a $45 million Bitcoin scandal. The scandal centers around a 1 billion Czech koruna ($45 million) Bitcoin (BTC) donation made to the Ministry of Justice on … Read more
US President Donald Trump has urged the House to pass the Guiding and Establishing National Innovation for US Stablecoins Act as soon as possible so he can officially sign it into law. ”The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets,” Trump said before calling … Read more
The Senate passed a landmark bill to regulate stablecoins, with U.S. President Donald Trump hailing it as “pure GENIUS” and urging the House to send it to his desk without delay. ‘NO DELAYS’: Trump Pushes House to Pass GENIUS Act After Senate Approval The GENIUS Act, a first-of-its-kind federal framework for stablecoins, cleared the Senate … Read more