The US Justice Department transferred 54.89 billion Shiba Inu (SHIB) tokens seized from FTX, but their value dropped 85% from $1.55 million to about $235,500 during legal proceedings, meaning the government retained only 15% of the original dollar value. Binance founder Changpeng Zhao emphasized Bitcoin's fixed supply as a true inflation hedge, unlike AI which boosts productivity but can't protect purchasing power. Meanwhile, large investors accumulated 70 million XRP tokens worth around $77 million, defending support near $1.08 as XRP price stabilized. The crypto market shows signs of recovery with Bitcoin holding above $65,000 amid easing US inflation and renewed interest in Bitcoin ETFs.
Bitcoin's Coinbase Bitcoin Premium Index has remained negative for 90 days, indicating that Bitcoin trades at a lower price on Coinbase compared to Binance. This sustained negative premium reflects ongoing selling pressure in the US market, despite B...
Solana's network added $378.2 million in tokenized U.S. Treasury bills over the past month, exceeding Ethereum's $272.2 million increase by about $106 million. Despite this strong growth in tokenized assets, Solana's price has weakened, trading near ...
This week is crucial for Bitcoin and XRP as four major events could influence their prices. President Trump will meet crypto leaders and US regulators, including SEC and CFTC heads, to discuss crypto regulation, particularly the stalled Digital Asset...
Investment advisor Ross Gerber criticized Bitcoin's practical use, arguing that gold remains easier to use in daily transactions despite Bitcoin's promises as a global payment system. He also highlighted a shift in Bitcoin mining, with miners focusin...
Bitcoin dropped from over $65,000 to just above $63,200 last week, influenced by Strategy's sale of 1,690 BTC. This decline led to a broader market pullback, with major altcoins like ADA and XRP also falling significantly. However, some tokens like C...
