New York City has taken a major step toward embracing digital assets and blockchain technology with the creation of a dedicated office focused on fostering innovation in the financial sector. This marks the first time a US mayor’s office has launched an initiative exclusively devoted to digital assets, underscoring the city’s commitment to preparing its … Read more
A significant shift is unfolding in the cryptocurrency market as Bitcoin’s reserves have dropped to their lowest level in ten years. From around 3.5 million BTC in 2020, holdings have now declined to 2.4 million BTC, signaling that both institutional investors and long-term holders are entering a phase of substantial accumulation. Experts suggest this tightening … Read more
A new report from the blockchain analytics platform LookOnChain reveals a growing trend among major cryptocurrency investors, known as whales, who are increasingly using aggressive short-selling strategies focused on altcoins rather than Bitcoin, currently trading near $113,088. This shift has drawn attention to heavy short positions in XRP and Ethereum (ETH), priced around $4,103, fueling … Read more
Elon Musk, CEO of Tesla and SpaceX, has once again stirred the cryptocurrency community after a long silence with just one word “True.” His response on X (formerly Twitter) to a post suggesting that Bitcoin’s rise is tied to “energy-based value creation” reignited speculation about Musk’s evolving stance on the world’s largest cryptocurrency. Back in … Read more
XRP faced renewed downside momentum on October 14, dropping around 2–3% and falling below the crucial $2.60 support. The decline followed a massive transfer of $63 million worth of XRP to Binance, which heightened selling pressure across the altcoin market. Despite attempts to stabilize between $2.55 and $2.56, profit-taking near the $2.65–$2.66 zone capped any … Read more
Bitcoin spot ETFs in the United States recorded significant outflows of around $327 million on October 13, following a weekend of sharp market turbulence. After a rapid sell-off, price recoveries prompted profit-taking among institutional investors. The largest inflow came from BlackRock’s IBIT, while Grayscale’s GBTC led withdrawals, reflecting shifting investor preferences between competing products. As … Read more