A Federal Reserve Bank of Cleveland working paper found that showing U.S. households information about Bitcoin's past returns significantly increased their desire to own crypto, raising desired allocations by about two percentage points, a 47% increase from those not shown the data. Crypto owners expected much higher returns than nonowners, with expectations dropping but the gap remaining by 2025. The study also found that actual crypto purchases rose by about 2.5 percentage points after exposure to Bitcoin performance data, especially among nonowners who previously avoided crypto due to lack of understanding. Researchers suggest this feedback loop of rising prices and expectations could contribute to price bubbles. The paper is preliminary and does not represent official Fed policy.
Claims that XRP could be used with the Federal Reserve's FedNow payment system through Volante Technologies have sparked excitement in the XRP community. Volante connects financial institutions to multiple payment rails including FedNow and has a lon...
Dogecoin (DOGE) is trading at $0.09272 with a 2.74% gain and a $15.8 billion market cap, showing signs of a potential bullish reversal through a weekly double-bottom chart pattern. Traders watch the key $0.40 neckline level, which if broken, could si...
Bitcoin jumped from around $64,330 to $74,440 last week, marking a 23.23% weekly gain after months of decline and stagnation. This surge, predicted by analysts in early August, signals a potential new bull market similar to past recoveries in 2019 an...
X Financial reported a 56.3% year-over-year revenue decline to RMB993.6 million in Q2 2026, driven by a 70.2% drop in loan origination to RMB11.63 billion. Net income fell 91.1% YoY to RMB47.0 million, despite a 23.8% quarter-over-quarter increase, r...
Ethereum's price increased by 1.34% to $2,443.79 after reclaiming a key support level, with analyst Javon Mark noting a 55% gain from this support. The next major resistance to watch is $4,811.71, which if broken, could lead to a surge toward $8,500....
