Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin pegged 1:1 to the USD, with an initial issuance of $50 million, according to PR shared with crypto.news. Summary USDKG is pegged 1:1 to the U.S. dollar and fully backed by gold reserves. State-owned issuer aims to expand reserves to $500 million and later $2 billion. The
Story Highlights Cathie Wood remains confident Bitcoin will hit $1.5 million, even after massive market losses. ARK Invest expects major liquidity returning soon, boosting Bitcoin’s chances for a strong rally. Federal Reserve ending quantitative tightening December 1 may spark renewed financial market momentum. Cathie Wood, the Founder and CEO of ARK Invest, has shocked the
Bitcoin has recently recovered an important psychological level, but analysts insist that the market remains in a delicate position. Bitcoin (BTC) regained momentum on Nov. 26 after it closed the day with a 3.6% jump, its strongest intraday climb in more than a month. Importantly, this push allowed the crypto firstborn to reclaim the $90,000
Bitcoin traders are tracking three long-term signals as price sits between a reclaimed support line and a crucial resistance zone. A four-year trendline flip, a key barrier near 91,000 dollars, and a weekly hidden bullish divergence together suggest the current cycle may still have room to run. BTC Reclaims 4-Year Trendline as Support Bitcoin has
ZKsync founder Alex Gluchowski has proposed a new utility token model for the innovative Ethereum-based protocol. In his latest post on X, the renowned innovator highlighted various aspects of digital finance that he believes need to be improved upon, while outlining a proposed solution to those needs. Gluchowski noted a coordination problem in the financial
Odds of a December quarter-point rate cut have marched sharply higher this Thanksgiving, with prediction markets and rate-tracking tools showing traders are almost fully convinced the Federal Reserve will trim its benchmark. December 25bps Cut Now Dominant Market Bet Ahead of Fed Meeting Prediction platforms are now lighting up with overwhelming confidence in a 25-basis-point
The U.S. markets have shown signs of recovery after a steep decline following the six-week government shutdown, according to Ark Invest analysis. Liquidity in the U.S. financial system reached a multi-year low of $5.56 trillion on Oct. 30, according to the Federal Reserve and the U.S. Treasury. The sustained six-week period of government shutdown blocked
Bitcoin is flirting with fresh highs, trading between $90,658 to $91,394 after brushing up against a $91,849 peak in the past 24 hours. With a market capitalization of $1.823 trillion and a roaring 24-hour trading volume of $77.09 billion, the asset is straddling a narrow range between $86,448 and its latest high, suggesting momentum is
Unichain’s total value locked (TVL) has fallen by 86% from its all-time high (ATH), with observers attributing the decline to the end of its incentive program and a lack of a moat to mitigate the impact of ending such program. Tom Wan, head of data at Entropy Advisors, who shared the Defillama chart showing the