Russia's largest bank, Sber, is set to accept USDT and Ether as collateral for loans, expanding beyond Bitcoin, following Russia's new crypto law effective September 1. This move signals growing institutional acceptance of major cryptocurrencies while highlighting weak demand for Russia's digital ruble, the central bank's digital currency. Sber's stance reflects a broader trend where banks favor established crypto assets over state-backed digital currencies. The success of this initiative depends on regulatory approval and actual loan volumes, with potential implications for Russia's crypto market and the digital ruble's future.
Solana's price recently dropped from $110 to $102 but has since stabilized around $105, supported by strong buying from high net worth investors and whales. A notable whale returned after eight months, purchasing $8 million worth of SOL, signaling re...
US equity markets showed mixed results following Fed Chair Kevin Warsh's modestly hawkish remarks at Jackson Hole, which pushed short-term Treasury yields higher and increased expectations for a September rate hike to nearly 60%. Warsh emphasized the...
The Defiance Space and Connective Tech ETF (UFOX) received a Hold rating because its portfolio is heavily weighted in high-growth, high-beta, and expensive tech stocks, increasing risk. Its focus on space and connective technology themes results in a...
Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $2...
Shiba Inu (SHIB) has seen a 42% decline in exchange outflows, indicating fewer tokens are being withdrawn from trading platforms. Despite this, exchange inflows remain higher than outflows, suggesting more SHIB tokens are entering exchanges, which co...
