Skip to main content

Posts

Bitwise: Bitcoin Signals Broad Risk-Off Amid Market Pressure

Bitcoin’s latest price action may illuminate something bigger than a routine risk-off move: it underscores how liquidity conditions and macro forces influence the crypto market ahead of traditional assets. According to Bitwise, BTC often serves as a “canary in the macro coal mine,” reacting to shifts in liquidity and financial conditions before equities do. With stock indices under pressure and rate expectations shifting, Bitcoin’s slide fits a broader narrative about how crypto assets are pricing in the evolving liquidity backdrop. The latest market snapshot shows BTC and Ether at the low end of their cycles, with BTC at around the $58,000 mark and Ether near $1,507, as global risk assets came under renewed strain. The Nasdaq endured its sharpest daily decline in months, while South Korea’s KOSPI triggered a temporary trading halt after a semiconductor-led sell-off. In the background, stronger-than-expected US labor data dampened expectations for rapid Federal Reserve easing, keeping ...
Recent posts

BBB Ad Watchdog Refers Kalshi to Regulators Over Influencer Inquiry

The BBB’s National Advertising Division (NAD) has escalated its scrutiny of Kalshi, the centralized event-prediction platform, by referring the matter to regulatory authorities after Kalshi declined to participate in NAD’s voluntary review of its social media advertising practices. The referral, which names applicable state Attorneys General for potential enforcement action, underscores growing regulatory focus on how prediction-market platforms market themselves to retail users and disclose paid promotions in influencer-driven campaigns. In its statement, NAD explained that the inquiry assessed whether influencers and affiliates clearly disclosed paid relationships in social media promotions and whether Kalshi adhered to Federal Trade Commission endorsement guidelines. The division noted that Kalshi chose not to participate in the voluntary review, and as a result, NAD will inform the social media platforms where Kalshi ads appeared. The central issue, according to NAD, was whether ma...

RLUSD Surges With $275M Liquidity Boost as XRP Ledger Activity Jumps

RLUSD Records Strong Minting Activity on XRP Ledger Ripple USD (RLUSD) recorded a strong liquidity increase during the past week as activity expanded across the XRP Ledger. Fresh minting transactions significantly exceeded token redemptions during the period. Consequently, the stablecoin added more than $275 million in net liquidity while its market capitalization continued to grow. RLUSD experienced a notable rise in network activity over the last seven days. Several large minting and redemption transactions took place on the XRP Ledger. As a result, the stablecoin supply expanded during the reporting period. Data from XRP Ledger activity showed substantial token creation across multiple days. On May 22, RLUSD Treasury minted more than 10 million RLUSD. Meanwhile, additional minting and burning transactions occurred on May 21 and May 20. The largest transaction involved the creation of 230 million RLUSD on the XRP Ledger. At the same time, Ripple removed smaller amounts of RLUSD from ...

Bitcoin slips toward $62K as bear-market history echoes past cycles

Bitcoin (BTC) slipped to week-to-date lows as markets opened on Tuesday, with traders eyeing the $65,000 region as the threshold bulls must clear to regain momentum. The early session underscored a cautious mood ahead of the key US inflation print, as BTC hovered near notable support levels. Data from TradingView showed BTC down about 1.2% on the day, after a double rejection near $64,200 set the stage for another test of the $60,000 area. The persistent struggle at the $65,000 mark has kept bulls on the back foot even as the broader market awaits new cues. Key takeaways 65k hurdle remains critical for bulls: A break above $65,000 could trigger a renewed rally toward the $72,000–$74,000 zone, according to well-known market analyst Michaël van de Poppe. Bear-market patterns resurface: Analysts note BTC has already fallen through or near several classic bear-market markers, including the 50-month exponential moving average and a triangle support pattern, echoing characteristics seen in...

Paradigm Presses FDIC Over Stablecoin Yield Ban as CLARITY Looms

Paradigm has challenged the FDIC’s proposed stablecoin rules, warning against a broader yield ban. The firm says the GENIUS Act limits issuers, not independent third-party platforms. The letter adds pressure as Congress weighs the CLARITY Act and wider crypto market rules. Paradigm Challenges FDIC Stablecoin Yield Plan Paradigm told the U.S. Federal Deposit Insurance Corporation that its proposal exceeds the GENIUS Act. The firm said the law does not allow the agency to restrict third-party stablecoin rewards. It also argued that Congress rejected similar restrictions during earlier legislative talks. The GENIUS Act bars stablecoin issuers from paying yield directly to holders. However, Paradigm said that the rule does not apply to exchanges or other outside firms. Therefore, the FDIC should not treat third-party rewards as automatic violations. The firm urged the FDIC to remove language that expands the act beyond its text. It also asked the agency to match limits proposed by the OCC...

HTX sanctions risk blurring crypto risk signals, researchers warn

The United Kingdom has sanctioned Huobi Global S.A., the Panama-based company behind the HTX exchange, amid allegations of providing financial support to Russia-linked networks. The move has sparked a lively debate among blockchain researchers and industry observers, who warn that broad sanctions could ripple across the crypto compliance fabric and disrupt established practices for curbing illicit activity in DeFi and beyond. Regulators asserted there were reasonable grounds to suspect HTX had supported Russia’s government through financial services and funds routed via sanctioned entities A7 Limited Liability Company and Garantex. HTX has rejected the characterization, insisting that the sanctioned entity is not the exchange itself. Amid the sanctions discourse, researchers highlighted potential collateral damage to the industry’s risk governance. Galaxy Digital’s Alex Thorn suggested that the scope of the sanctions—covering “all of HTX”—could affect legitimate users and complicate st...

Altcoins With Potential to Make Big Waves As Momentum Builds

Key Insights Chainlink gains more traction due to CCIP and institution blockchain adoption Litecoin is gaining strength due to high liquidity and fast transaction speeds Ondo Finance has been making headlines due to growing interest in tokenization and financial products on the blockchain Increasing market optimism is pushing investors into altcoins with proven use cases All three altcoins function within different industries Altcoins Become Favored in Market Upturn Over Bitcoin and Ethereum Now that the cryptocurrency market is experiencing better sentiment than before, traders are eyeing altcoins rather than sticking to Bitcoin and Ethereum because the latter two are perceived to be safer but have less upside potential. However, there are several cryptocurrencies that are becoming increasingly popular owing to their solid foundations, thriving ecosystems, and practical applications. Chainlink (LINK), Litecoin (LTC), and Ondo Finance (ONDO) are some of the altcoins making a ...