While institutional interest in XRP continues to increase day by day, the latest news came from a company called Evernorth Holdings. As you may recall, Evernorth, a new cryptocurrency startup backed by Ripple, recently announced that it plans to raise over $1 billion to create the largest publicly traded XRP treasury. With the support of
The financial world is buzzing with discussions around digital currencies, and the Bank of Korea (BOK) has just weighed in with a significant recommendation concerning won stablecoins. Imagine a digital currency pegged to the Korean Won, offering stability in an often-volatile crypto market. The BOK suggests a dual approach: traditional banks should take the lead
High-risk, high-leverage trader James Wynn has initiated a 40x leveraged short on Bitcoin (BTC), betting against the current market surge. Wynn’s bold short trade comes at a time when optimism is rising among market players. Crypto whales are stacking substantial long positions in BTC, Ethereum (ETH), and more, suggesting widespread bullish confidence in the market’s
In a remarkable move that’s capturing attention across crypto markets, a trader with a 100% win rate has once again gone big. Known for his strategic entries and precise timing, this trading giant has now expanded his crypto leveraged long to a staggering $360 million. With 1,683 BTC ($194 million) at 13x leverage and 40,305
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors surge 3-5% on trade deal hopes; BTC at $115,500 Rumble partners with Tether to accept crypto tips for
Cornered by harsh economic sanctions imposed by the Trump administration, President Nicolas Maduro’s Venezuelan government is now reportedly leveraging cryptocurrency as a critical financial lifeline. The strategy centers on accepting crypto payments, primarily from China, in exchange for Venezuelan oil, allowing the regime to bypass the US-controlled traditional financial system and mitigate the sanctions’ crippling
All eyes are on the Fed’s October interest rate decision this week. While the market is certain that the Fed will cut interest rates by 25 basis points, there’s also speculation about whether a surprise decision will be made. While the FED decision is eagerly awaited in all markets, including cryptocurrency markets, US President Donald
Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in cash against $8 million owed in fiat and $4 million in crypto. The cease-and-desist order marked the second major Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023. Both firms