Ark Invest Sells $3.9M in Coinbase Shares
Ark Invest, led by Cathie Wood, has sold 13,780 shares of Coinbase Global Inc. (COIN), netting approximately $3.9 million. The move came in response to Federal Reserve Chair Jerome Powell’s hawkish speech, signaling a cautious outlook on future interest rate cuts. Powell’s remarks rattled financial markets, leading to a 10% drop in COIN’s price, which […]
CBDC vs Crypto: The Fight for Financial Freedom
The battle between Central Bank Digital Currencies (CBDCs) and cryptocurrencies is more than a debate – it’s a fight for financial freedom and control over money. With over 130 countries exploring CBDCs, this shift could fundamentally change how we spend, save, and manage finances in the digital age. As Pippa Malmgren, member of the Council […]
Solana Faces Bearish Pressure Amid Descending Channel
Solana (SOL) continues to struggle as it remains trapped in a descending channel, reflecting persistent bearish momentum. After failing to hold its recent highs of $280, SOL is now trading near $210, signaling short-term weakness. The 50 EMA is acting as a critical resistance level. Recent price action shows SOL testing this level, but the […]
WazirX Token Crashes 50% Amid Binance Delisting
Indian crypto exchange WazirX has encountered a double blow today. The Delhi High Court has ordered a fresh probe into the exchange’s alleged hack, rejecting the previous Delhi Police status report that concluded no criminal case could be made. Justice Sanjeev Narula issued the directive after Advocate Jaivir Bains filed a petition seeking a thorough […]
Bitcoin Drops $4K After Hitting New All-Time High
After several days of impressive gains and new record highs, Bitcoin (BTC) has retraced significantly, falling by over $4,000 in the past 12 hours. The leading cryptocurrency began its recent rally last weekend, bouncing off a low of $94,400 before breaking through the $100,000 mark on Thursday. Following a relatively quiet weekend around $101,500, BTC […]
Stablecoins in 2025: Key Trends and Predictions
The stablecoin market in 2024 continued its steady expansion, setting records despite challenges. Leading issuers Tether (USDT) and Circle (USDC) maintained dominance, while experiments with non-USD stablecoins, such as euro-backed options, remained niche with minimal adoption. Notable developments in 2024: However, lingering distrust from past collapses, such as the TerraUSD (UST) failure in 2022, has […]
Hedera Partners with Chainlink for DeFi and RWA
Hedera has announced a strategic partnership with Chainlink, aiming to integrate decentralized oracle solutions to bolster its DeFi applications and drive real-world asset (RWA) tokenization. This collaboration will see Chainlink’s Data Feeds and Proof of Reserve (PoR) integrated into the Hedera ecosystem, enabling developers to access accurate, tamper-proof market data. The partnership comes as part […]
Kraken Fined $5.1M in Australia for Unauthorized Margin Lending
Australian financial regulators have fined cryptocurrency exchange Kraken $5.1 million AUD for operating an unauthorized margin lending service that affected over 1,100 Australian customers. The penalty, imposed by the Australian Federal Court, follows findings that Kraken’s operator, Bit Trade, violated financial regulations by offering its “margin extension” product without proper regulatory approval since October 2021. […]
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