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After Bitcoin (BTC), Ethereum (ETH) has emerged as the next institutional favorite. According to Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, corporate treasuries have purchased 1% of all ETH in circulation since the beginning of June.
This highlights the growing appetite among firms to increase their ETH exposure. Kendrick also shared with BeInCrypto that these...
The foreign exchange (FX) market processes over $7.5 trillion in daily volume, yet remains constrained by legacy infrastructure that is slow, fragmented, and unavailable around the clock. Traditional FX markets are closed on weekends, rely on third-parties, and transactions can take days to settle, making them inefficient.
To address this, Mento is expanding its decentralized onchain FX...
GameSquare Holdings, Inc. has drawn attention by acquiring CryptoPunk #5577, a well-known NFT, for $5.15 million through preferred shares. Following the deal, CryptoPunk #5577 officially became a strategic treasury asset of GameSquare.
While NFTs have long been speculative digital collectibles, a new wave of companies treating them as treasury assets may redefine their role in corporate...
Despite a sharp 10% correction from its five-month high, Hedera (HBAR) price is starting to show signs of internal strength that could set the stage for a surprise bounce.
While retail traders continue to short the asset, data reveals whales have been quietly adding to their stacks, hinting that the recent dip might be more of a shakeout than a breakdown.
Whales Accumulate, Netflows...
Top meme coin Shiba Inu is showing signs of an extended bearish trend as large investors ramp up profit-taking activities.
This wave of selling pressure has triggered a decline in the meme coin’s value, pushing it below its ascending parallel channel—a key structure that had supported its price action from June 22 through July 27.
SHIB Bulls Lose Grip as Large Holders Trigger Breakdown...
The dark side of crypto surfaces occasionally, this time in the form of two disturbing kidnap-for-crypto schemes on opposite sides of the Atlantic.
In South Florida, a man allegedly plotted the abduction and mutilation of an entire family over a $3 million debt. Meanwhile, in London, a Belgian barber was held hostage by a gang who mistakenly believed he was a crypto billionaire.
Crypto...
In their latest presentation, BitMine Immersion Technologies suggested an implied value of $60,000 for Ethereum (ETH), citing consultations with unnamed research firms.
The valuation comes amid ETH’s notable bullish rally. The price has surged 57% over the past month, even outpacing Bitcoin’s (BTC) 10% monthly gains.
BitMine’s $60,000 Ethereum Valuation
On Monday, BitMine, the largest...
As July comes to an end, several significant developments in the Bitcoin (BTC) market have emerged. Notably, profit-taking pressure has resurfaced in the final week of the month, raising concerns about a potential turning point in August.
Based on analysis from market experts and on-chain data, four main sources of selling pressure could soon shape Bitcoin’s trajectory. Let’s explore each...
CFX, the native coin of Conflux Network, which claims to be China’s only regulatory-compliant public blockchain, has surged by 12% today, making it the top-performing token across the crypto market.
This rally comes despite a broader market pullback. It appears to be fueled by mounting optimism ahead of the highly anticipated Conflux 3.0 upgrade, set for launch in August.
Conflux Gains...
PayPal announced the expansion of its “Pay with Crypto” platform, allowing US merchants to accept over 100 cryptocurrencies, settle transactions instantly, and reduce international fees by up to 90%.
While PayPal’s stablecoin PYUSD is the clearest winner, the ripple effect across altcoins could be significant.
PYUSD Sees Immediate Surge, Unlocks 4% Yield on Holdings
At the heart of...