$2.17B in XRP Hot Capital Signals Sharp Increase in Trading

Still below its highest levels Regulatory delays and market sentiment XRP, the cryptocurrency closely associated with Ripple Labs, is witnessing a notable spike in trading activity, according to new data from blockchain analytics platform Glassnode.  The platform’s latest figures reveal that XRP’s “hot capital” — short-term investment inflows — surged from $0.92 billion on April … Read more

Sofi Plans Major Crypto Comeback After Regulatory Breakthrough

Sofi is storming back into crypto with full force, leveraging a pivotal regulatory shift to embed digital assets across its financial ecosystem. Regulatory Update Sparks Sofi’s Crypto Reentry Anthony Noto, chief executive officer of fintech company Sofi, confirmed in an interview with CNBC on Monday that the digital finance platform intends to reintroduce cryptocurrency services … Read more

Market expects more interest rate cuts after inflation figures

The post Market expects more interest rate cuts after inflation figures appeared on BitcoinEthereumNews.com. Australian Treasurer Jim Chalmers said on Wednesday that “the market expects more interest rate cuts after inflation figures.” He added: “(I) don’t see anything in these numbers that would substantially alter market expectations.” Information on these pages contains forward-looking statements that … Read more

Australia’s finance watchdog to crack down on dormant crypto exchanges

Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams. There are currently 427 crypto exchanges registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), but the agency said on April 29 that it … Read more

NEAR Targets $2.80, Aave Commits $50M to Buybacks, Cold Wallet Draws Investors as Highest ROI Crypto

Crypto News The cryptocurrency market is once again showing signs of tactical reshuffling. While major assets like Bitcoin and Ethereum remain range-bound, high-potential altcoins are stepping into the spotlight with meaningful updates and price movements. NEAR is attempting to confirm a bullish reversal above key technical levels, and Aave has initiated a bold $50 million … Read more

China’s Caixin Manufacturing PMI drops to 50.4 in April vs. 49.9 expected

China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) fell to 50.4 in April from 51.2 in March, according to the latest data released on Wednesday. Data outpaced the market forecast of 49.9. AUD/USD reaction to China’s PMI data The upbeat Chinese Manufacturing PMI helped the Aussie Dollar maintain its gain, as AUD/USD holds near 0.6400 at … Read more