Stablecoin issuer firm Paxos has applied for a national bank trust charter with the Office of the Comptroller of the Currency (OCC), making it the latest U.S. stablecoin company to seek federal regulatory oversight. According to a Monday press release, Paxos aims to convert its New York Department of Financial Services (NYDFS) trust charter into
Cryptocurrency research firm QCP reported that Bitcoin (BTC) surpassed $122,000, recouping last week’s losses. Ethereum (ETH) surged 21% in the last seven days, surpassing $4,300 for the first time since 2021. According to the report, BTC is currently highly correlated with US stock markets, with investors’ eyes on the Consumer Price Index (CPI) data to
Bitcoin exchange-traded funds staged a solid recovery last week with $260 million in inflows after two consecutive weeks of outflows, but still fell short of Ethereum fund’s $268 million performance as digital asset products posted $572 million in combined weekly flows. The inflows came in after weathering significant early-week turbulence that saw $1 billion flow
Simon Gerovich, CEO of Metaplanet, said that Bitcoin is a critical tool for preserving wealth in both high-inflation and low-inflation environments. The head of Metaplanet, a publicly traded company based in Japan, stated that individuals, especially in countries experiencing high inflation, need Bitcoin to protect their savings in the face of the collapse of local
Crypto exchange Bullish has raised the size of its initial public offering to $990 million from $629 million, as the company looks to take advantage of a hot market for crypto firms. CoinDesk is a subsidiary of Bullish. According to a filing with the Securities and Exchange Commission on Monday, Bullish is aiming to sell
Bitcoin price staged a strong bullish breakout on Sunday and into Monday, flirting with its all-time high. Momentum may continue as the fear and greed index climbs and Citi analysts boost their stock forecast. Summary Bitcoin price is targeting $125,000 as Citi boosts its S&P 500 Index forecast. The analyst cited the strong quarterly earnings
Bitcoin’s climb past the $121,000 this week has put it back in the headlines, but not everyone is impressed. On Monday morning, the largest cryptocurrency reached $122,335 before settling at around $121,186, marking another week of growth and keeping it within reach of record territory. For many on the market, that is a milestone worth
ALT5 Sigma Corporation, a Nasdaq-listed fintech that operates crypto trading and payment platforms, plans to raise about $1.5 billion through a stock offering and a WLFI token-funded private placement. The move would place a large portion of World Liberty Financial’s WLFI tokens on ALT5’s balance sheet and bring several of the stablecoin issuer’s executives, including
Bitcoin’s price is trading at $120,677, with a market capitalization of $2.40 trillion and a 24-hour trading volume of $50.93 billion. Over the past day, the intraday range has spanned from $118,020 to $122,312, as traders navigate a technically bullish environment supported by recent breakouts and favorable momentum readings. Bitcoin On the daily chart, bitcoin
A leading cryptocurrency analyst has identified a clear pathway for Bitcoin (BTC) to reach $137,000 within the next 1-2 months. According to TradingView analyst MasterAnanda in an August 11 post, Bitcoin’s 3-day chart reveals compelling bullish momentum that positions the asset for its next major price milestone at $137,000. “Bitcoin is now trading at is