Bearish expectations for leading cryptocurrencies Bitcoin and Ethereum are beginning to fade. At this point, according to the latest options market data, fears of a decline in Bitcoin and Ethereum have significantly weakened. Options market data suggests a recovery in call/put curves. Analysts say that the FED’s critical interest rate decision, which will be announced
United States President Donald Trump has filed an appeal in the case involving Federal Reserve Governor Lisa Cook ahead of a key interest rate decision by the central bank this week. Lawyers representing the Department of Justice on behalf of the President have appealed against a preliminary injunction issued by the district court on Sept.
Innocent people and businesses have reportedly been caught in the crossfire as Thai banks froze millions of accounts suspected to be “mules” for scammers over the weekend. The nationwide crackdown began in August, and weekend reports suggest that banks have frozen three million accounts and imposed daily transfer limits on all bank customers in the
Crypto markets ended last week on a high note with total capitalization topping $4 trillion again, but momentum waned over the weekend. Stock markets in the US reached record highs last week as markets fully priced in a 0.25% rate cut this week. However, the job market continued to signal weakness with a sharp jump
Tokyo-based mobile game developer gumi posted a sharp turnaround in quarterly profits as cryptocurrency holdings significantly boosted earnings. Despite a steep drop in core gaming revenue caused by restructuring and asset sales, the company leveraged Bitcoin gains and a planned XRP purchase to deliver strong overall financial results. Crypto Windfall Offsets Weak Game Revenue Gumi
Calling crypto “Web 3.0”, the third layer of the internet that enables permissionless asset ownership on the Web, “undermines” crypto’s true significance, which is a complete overhaul of the capitalist system, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius. Mumtaz said that crypto supercharges all the necessary ingredients for capitalism
The cryptocurrency market has left behind a week in the green for Bitcoin and altcoins in general. However, the new week will play host to one of the most critical weeks of the year. The interest rate decision, to be announced on Wednesday, will be particularly closely watched. Here is the cryptocurrency calendar we have
An investor recently shared a letter from Cherokee Acquisition, a firm that buys bankruptcy and distressed claims. The letter revealed Cherokee’s interest in acquiring claims tied to Linqto Texas, LLC (Case No. 25-90186) at discounted prices. Cherokee’s Proposal Cherokee laid out two ranges for its bid: claims above $100,000 were priced between 70% and 75%,
According to a recent report by the Financial Times, the Coinbase exchange is at risk of losing its dominance due to the White House’s enthusiasm for crypto, which has enabled “mounting competition.” Bitwise’s Ryan Rasmussen has told the FT that the US exchange giant might be losing its head start. Coinbase’s stock stumbles You would
Crypto taxation has long been a source of confusion, and with the IRS placing digital assets front and center on tax forms, clarity has never been more important. From the introduction of Form 1099-DA to new requirements for brokers, ETFs, and eventually DeFi platforms, the coming changes will redefine how individuals and institutions navigate their