A bipartisan majority in the Senate has just passed the GENIUS Act to provide a regulatory framework for stablecoins. A similar bill, the STABLE Act, is working its way through the House. President Trump wants to sign a stablecoin bill into law this year, so it looks like we are well on our way to…
SUI SUI experienced a turbulent 24-hour trading window marked by sharp intraday swings and heavier-than-usual trading activity. After initially plunging to $2.71, the token mounted a brief rally toward $2.92 before encountering strong resistance near $2.82. That zone capped the recovery, triggering a swift reversal that dragged prices back toward the $2.78–$2.79 area. What made…
The Ethereum price action is showing remarkable similarities to its 2017 market cycle, with analysts pointing to a near-identical technical setup and market behaviour. Crypto analyst Merlijn the Trader, who shared a side-by-side weekly chart comparison of 2025 and 2017 on X (formerly Twitter), suggests that Ethereum is now following the same breakout pattern that…
Uniswap’s governance token continues its impressive comeback, trading above $7.46 Tuesday after rallying 70% from its yearly low of $4.551 on April 7. The token has logged seven weekly gains in the past eight weeks—its longest positive stretch since early 2023—and is now firmly trading above key resistance levels that capped earlier recovery attempts. The…
As it was near-universally expected, the U.S. Federal Reserve left benchmark interest rates steady at 4.25%-4.50% on Wednesday at the June meeting. “Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace,” the press release said. “The unemployment rate remains low, and…
BNB finds itself at a pivotal moment as price action tightens between two critical technical zones. After a period of consolidation, the cryptocurrency is testing resistance near the 200-period moving average, hovering around the $653 mark. Meanwhile, support around the $640 level continues to hold firm, acting as a safety net for bulls trying to…
The Bank of England plans to introduce new proposals on banks’ exposure to crypto by 2026 to protect financial stability, a key official said Wednesday. The U.K. is looking to formulate rules that are more on the restrictive side, said David Bailey, the executive director of prudential policy at the Bank of England, in a…
Crypto exchange Coinbase (COIN) is venturing further into the global payments business with the launch of Coinbase Payments, the company said in a Wednesday blog post. The service, built on Coinbase’s Ethereum layer-2 network Base, is already live with ecommerce platform Shopify and was designed to bring stablecoin payments to merchants, supporting around-the-clock USDC transactions…
BNB is stumbling beneath a stiff resistance level of $654, according to CoinDesk Research’s technical analysis model, with price swings driven by a surge of global unease following the ongoing war between Israel and Iran. The token fell back after briefly breaking above $650, showing signs of stress, while the broader market gauge. CoinDesk 20…
Litecoin clawed back early losses Tuesday to notch a 1.6% daily gain, trading above $84.6 after dipping to $82.69. The rebound came despite choppy markets reacting to heightened tensions surrounding the war between Israel and Iran, which has kept markets on edge, with the odds of a U.S. military action in the region before the…
