Vaibhavv Ali
Following the demise of Tether’s EURt, a wave of banks are entering the euro-backed stablecoin market. Driven by growing demand for blockchain-based financial solutions and the recent regulatory clarity provided by Europe’s MiCA regulations, institutions like Société Générale, Standard Chartered, and Revolut are seeking to capitalize on this opportunity. Société Générale-Forge has taken the lead … Read more
A Hong Kong lawmaker, Wu Jie, has advocated for the city-state to consider integrating Bitcoin into its fiscal reserves. Wu proposed that the Hong Kong Special Administrative Region (SAR) explore incorporating cryptocurrencies, particularly Bitcoin, into its foreign exchange funds for long-term holdings. Wu highlighted the potential global implications of major economies adopting Bitcoin, suggesting that … Read more
XRP, which surged to nearly $3 during the recent Trump-fueled rally, has seen its momentum fade. After a brief spike following the launch of its stablecoin in mid-December, XRP has declined by 25%, currently struggling to stay above $2. A 6% drop in the past 24 hours has heightened concerns, with analysts highlighting the $1.96 … Read more
Cardano (ADA), a prominent layer-1 blockchain, has seen a surge in bullish sentiment in recent months. However, technical indicators suggest potential headwinds in the near term. Technical Analysis: Head and Shoulders Pattern: ADA price may be forming a head and shoulders pattern, a bearish reversal signal, on the daily chart. Bearish Divergence: The RSI is … Read more
Australia has emerged as a global leader in cryptocurrency accessibility, boasting the third-largest Bitcoin ATM network worldwide with 1,359 machines as of December 2024. This represents a significant increase over the past 29 months, solidifying the country’s position in the crypto landscape. A Global Surge: Australia’s Rise: With 3.5% of all global Bitcoin ATMs, Australia … Read more
The Pudgy Penguins NFT collection, with its adorable aesthetic, has gained significant traction. Led by entrepreneur Luca Netz, the project aims to become a multi-billion dollar IP brand, with plans for movies, TV shows, and games. To fuel this ambition, the $PENGU token was launched and recently listed on Binance, causing a significant price surge. … Read more
The ONDO/USDT pair has displayed a classic Head & Shoulders pattern on its 4-hour chart, raising concerns about potential bearish momentum. The pattern, characterized by a left shoulder peaking near $2.00, a head forming around $2.30, and a right shoulder forming below $1.90, suggests a weakening trend. The critical neckline at $1.48 has so far … Read more
Data from IntoTheBlock reveals a significant shift in holding patterns for Ethereum (ETH) and Bitcoin (BTC) in 2024. While the number of long-term Ethereum holders steadily increased, Bitcoin witnessed a decline, suggesting growing confidence in ETH’s long-term prospects. IntoTheBlock, citing its platform data, reported that the percentage of Ethereum holders holding their tokens for over … Read more
MicroStrategy, the world’s largest corporate Bitcoin holder, has once again sparked speculation about an impending BTC purchase. Founder Michael Saylor has reposted the company’s Bitcoin tracker chart on X (formerly Twitter), a move that has consistently preceded major acquisitions in recent months. Industry observers are closely watching, given MicroStrategy’s aggressive buying spree in recent … Read more
The Hong Kong Convention and Exhibition Centre reached maximum capacity, with nearly 10,000 in-person attendees from over 100 countries, solidifying the conference’s position as a marquee event of the region. The conference, and its 350+ side events held over the week, are estimated to have contributed HK$275m to the economy. Sold-out event highlights the conference’s … Read more