Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in the dollar wanes. Dollar Decline Aids Yuan China is intensifying efforts to elevate the yuan’s international standing and challenge the U.S. dollar’s global dominance, seizing an opportune moment as international […] Source CryptoX Portal
Key takeaways: Ether drops 4% drop despite ETF inflows, and this shows traders are skeptical about a move back to $3,000. Negative funding and options metrics signal low confidence in ETH’s short-term price strength. Ether (ETH) price lost 4% in the past seven days while the broader cryptocurrency market capitalization gained 1%, calling into question the odds of a rally to $4,000. Ether derivatives point to reduced demand for leveraged bullish bets even as Bitcoin (BTC) trades a mere 4% below its all-time high. Total crypto capitalization, USD (green) vs.…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Sina—co-founder of the hedge fund 21st Capital—publicly dismantled a popular Bitcoin price model promoted by Real Vision CEO Raoul Pal, calling it a textbook case of data illiteracy and overfitting. The model in question draws a…
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Key Notes Dogecoin’s weekly rally stems from reduced geopolitical tensions and Federal Reserve’s maturing crypto stance. Technical analysis reveals critical resistance at $0.168 that could trigger a 25% surge toward $0.20 target level. Market positioning shows DOGE poised to overtake Tron’s $25.9 billion valuation in cryptocurrency rankings. Dogecoin DOGE $0.17 24h volatility: 0.4% Market cap: $24.78 B Vol. 24h: $929.54 M price settles at $0.16 on Wednesday, June 25 and market momentum cools after a 16% run in 5 days. Technical indicators show that DOGE looks set to overtake Tron…
Kalshi, a prediction market and competitor to Polymarket, has reportedly closed a $185 million funding round that values the company at $2 billion, indicating growing investor appetite for the emerging sector. The round was led by crypto investment company Paradigm, with participation from venture capital companies Sequoia Capital, Multicoin Capital and other investors, The Wall Street Journal reported on Wednesday. CEO and co-founder Tarek Mansour said the funding will be used to expand Kalshi’s technology team and integrate its prediction contracts into more brokerage platforms. Currently, Kalshi contracts are available…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana gains 2.36% as Fiserv launches FIUSD stablecoin, signaling rising trust and enterprise adoption. Solana’s 2.36% price gain over the last 24 hours is more than just a market bounce; it signals renewed institutional confidence. According to Binance and CoinMarketCap, the blockchain is seeing rising interest due to enterprise-level adoption and bullish activity in futures markets. Fiserv, a $172 billion payments company, has officially announced the launch of its…
Cryptocurrency exchange Kraken announced that it can now expand its offerings and across European Union’s member states after securing a license under the Markets in Crypto-Assets (MiCA) framework. In a Wednesday notice, Kraken said it had received the MiCA license from the Central Bank of Ireland, allowing the exchange to offer regulated services to residents in the 30 European Economic Area member states. The approval followed Kraken securing a Markets in Financial Instruments Directive (MiFID) license in February and an Electronic Money Institution (EMI) license in 2023. “We believe trust…
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Chainlink (LINK) is up 21% from its Sunday lows, gaining momentum in an otherwise uncertain macro and geopolitical environment. While global tensions continue to spark volatility across markets, Chainlink has stood out for its resilience, supported…