U.S. banking giant JPMorgan has announced the pilot of a permissioned USD deposit token called JPMD on Base, the layer 2 Ethereum network built by listed exchange Coinbase (COIN). Earlier this week, the bank filed a trademark application for a crypto-focused platform named JPMD, designed to to offer services such as trading, exchange, transfer, and…
Tether’s USDT is the world’s leading stablecoin. Its digital emulation of the U.S. dollar — 155 billion of them at last count — is unmatched. But as things stand, Tether almost certainly doesn’t fulfill the compliance demands of U.S. lawmakers as they’re expected to push legislation nearer to law on Tuesday afternoon. Tether may end…
Crypto Sat recently took to X to share a technical insight on Dogecoin, revealing that the asset is showing signs of accumulation following a sharp correction. According to the analyst, the 2-hour chart is beginning to shape a potential double bottom pattern. Should this structure be confirmed, it might signal a renewed upward push for…
Valuing blockchain networks today feels like déjà vu for anyone who lived through the early internet era. In the 1990s, analysts, investors, and founders struggled to apply familiar financial models to a radically unfamiliar technology. Companies with little more than a website and a pitch deck were valued in the hundreds of millions, sometimes billions,…
Crypto analyst Daan Crypto has provided an analysis of the rising Bitcoin dominance, explaining why this will likely continue to surge. Based on his analysis, the altcoin season is unlikely to come anytime soon, with many alts suffering significant selling pressure while BTC accumulation increases. Bitcoin Dominance Surge Dashes Hopes Of Altcoin Season In an…
The U.S. may soon go to war against Iran, and crypto markets aren’t liking the prospect. Bitcoin BTC is down 3.8% in the last 24 hours, trading under $104,000 yet again. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, exchange coins and memecoins — lost 6.1% in…
The price of Pi coin has dropped 60% amid a weak response to the .pi domain update. Exchange inflows and token unlocks signal bearish pressure. Users have raised concerns over security and stalled ecosystem growth. The Pi Network ecosystem is facing growing uncertainty as concerns over its .pi domain auction weigh heavily on the price…
Bitcoin Magazine BBVA Tells Wealthy Clients to Invest Up to 7% in Bitcoin Spanish bank BBVA is now advising its wealthy clients to invest up to 7% of their portfolios in crypto and Bitcoin, showing how traditional banks are starting to see the potential of Bitcoin. JUST IN: Spain’s second largest bank BBVA is telling…
Escalating tension in the Middle East between Iran and Israel continues to ripple through the cryptocurrency market, prompting significant downside for a number of altcoins. Despite NEAR Protocol’s impressive milestone of reaching 46 million monthly users, the token has struggled to maintain price stability in the current geopolitical climate. It currently trades at $2.11 after…
Ethereum ETF holdings hit an ATH as institutional inflows surge. SPX6900 cools after 230% rally, holds key $1.30 support level. XRP remains bullish despite the US SEC case delay to August 15. Ethereum, XRP, and SPX6900 are moving in different but equally significant directions this week, revealing major developments across the crypto market. The market…
