24/7 Blockchain industry dynamics and breaking crypto news
ETF Store President Nate Geraci questions the bipartisan promise behind the CLARITY Act pushed by seven Democratic senators. He recalls the previous administration's anti-crypto stance and warns the industry to remain cautious, emphasizing that policy promises require concrete action, not just rhetoric.
Read MoreBitwise CIO Matt Hougan argues the crypto bull run starting July is independent of the Clarity Act's progress. Wall Street institutions, reassured by a friendly SEC and CFTC stance, are already launching blockchain services and ETFs. The regulatory landscape offers a "heads you win, tails you don't lose" advantage for investors.
Read MoreOn-chain analysis reveals a crypto whale, linked to a "BTC OG insider," has incurred over $25 million in unrealized losses shorting ZEC. Starting around $400, ZEC's surge to nearly $1,400 has turned the strategy sour. The whale recently added more shorts, bringing total exposure to ~$50.99M, with liquidation at $2,631.
Read MoreLeading South Korean crypto exchange Upbit announced on September 17th the addition of trading markets for PayPal USD (PYUSD) and JPY Coin (JPYC). Users can now trade these fiat-backed stablecoins directly with Korean Won, Bitcoin, and USDT, enhancing accessibility to major currency-pegged digital assets for both domestic and international traders.
Read MoreThe latest US Treasury TIC report reveals a $83.7 billion net inflow of foreign capital in July, driven largely by private investors. Increased holdings of US Treasuries and dollar-denominated assets highlight ongoing global demand for US dollar-based investments.
Read MoreOn-chain analysts detected a major transfer of 32.99 million WLD tokens (worth $12.11 million) from institutional platform FalconX to Binance exchange two hours ago. Large exchange deposits often signal potential selling pressure, putting WLD's short-term price action in focus.
Read MoreThe offshore RMB showed a pattern of rising first before falling back against the US dollar, closing slightly lower by 3 basis points at 6.7125. Trading remained within a narrow range between 6.7037 and 6.7142, indicating relatively stable market conditions.
Read MoreThe Fed's September meeting struck a hawkish tone, yet inflation may ease early next year. Analysis suggests oil prices dictate future moves, with one more 25bps hike likely in 2023 before a potential pause. Investors should focus on fundamentally sound assets.
Read MoreCuba's central bank announced on September 16 the issuance of new 10,000 and 20,000 peso banknotes, with the latter becoming the highest denomination in circulation. This move aims to address practical economic needs and streamline cash transactions within the country's financial system.
Read MorePresident Trump will meet with Gulf leaders next week for critical talks on Iran, Axios reports. The high-level meeting signals urgent diplomatic efforts to address escalating tensions that could reshape Middle East security dynamics.
Read MoreZEC surged 19.2% in 24 hours, peaking at $1,385.65 and currently trading around $1,337.85. This article analyzes the market drivers behind the rally and provides objective risk assessment for investors.
Read MoreOvernight markets focused on Fed policy and a major crypto lawsuit. The Fed hiked rates 25bps, with dot plots hinting at future increases while downplaying forward guidance. Celsius filed a $495M claim against BitMEX days before its shutdown. The SEC chair reaffirmed regulatory moves under existing authority, adding to market uncertainty.
Read MoreTrump warned that EU moves to bring Canada closer as an associate member could be seen as a "hostile act," threatening heavy tariffs and potential trade cuts. He called Canada a "terrible trading partner" and dismissed the prospect as ridiculous, escalating transatlantic trade tensions.
Read MoreThe U.S. House passed its first bill addressing the economic impact of data centers, aiming to protect households from rising electricity costs. The legislation requires regulators to assess if large users like data centers should bear incremental infrastructure costs, highlighting political tensions over industry growth and energy demand.
Read MoreCitigroup has closed its short USD/CAD position after admitting a misjudgment on the Fed's policy stance. The bank's strategists cited the Fed's unexpectedly hawkish tone, which boosted the dollar and triggered their stop-loss. This highlights the critical impact of central bank policy shifts on currency markets.
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