Elon Musk introduced X Money, a new financial service offering savings accounts, instant payments, and Visa debit cards with no foreign transaction fees. The platform aims to compete with fintech services like Venmo and Cash App, providing FDIC insurance up to $10 million. However, despite Musk's previous hints about integrating cryptocurrencies, X Money currently supports only fiat currency, excluding Dogecoin due to regulatory and compliance challenges. The crypto community is debating if Bitcoin or Dogecoin support will come later, but for now, Dogecoin has been left out, causing its price to decline amid bearish sentiment.
U.S.-listed altcoin ETFs experienced mostly flat net flows on June 25, with notable outflows concentrated in Solana and Hyperliquid ETFs. Solana's outflows were driven by redemptions in Bitwise’s BSOL fund, while Hyperliquid saw declines in two of it...
Bitcoin slipped below $60,000, trading around $59,586 after a US inflation report showed higher-than-expected Personal Consumption Expenditures, signaling prolonged Fed interest rate hikes. This triggered a $1.48 billion crypto liquidation, dragging ...
Strategy (MSTR) faces over $13 billion in unrealized losses on its bitcoin holdings, exceeding the market value of many well-known cryptocurrencies like dogecoin, Monero, Cardano, and Chainlink. This massive paper loss highlights the risks of concent...
XRP, Shiba Inu (SHIB), Bitcoin (BTC), and Dogecoin (DOGE) are currently experiencing bearish trends with sellers dominating the market. XRP remains below key support levels near $1.00, showing no strong signs of sustained buying despite high volume d...
The crypto market is experiencing strong volatility with nearly $1 billion in liquidations, mostly from long positions, amid an extended downward trend lasting over eight months. Dogecoin's price dropped 3.14% in 24 hours and 10% over the week, hitti...
