Western Union CEO Devin McGranahan stated in a recent interview that stablecoins should be viewed as an opportunity rather than a threat to the companyโs business model. He emphasized that stablecoins can facilitate faster and cheaper cross-border transactions, benefiting both the company and its customers. McGranahan told Bloomberg that while stablecoins cannot be directly spent [โฆ] Source CryptoX Portal
Dogecoin (DOGE) has retraced alongside the rest of the market to retest a crucial level as support. Some analysts suggest that holding its current price range would set the stage for reclaiming the next key area. Dogecoin Retests Breakout Levels On Wednesday, Dogecoin momentum saw a momentary pause as Bitcoin and most of the marketโs rally slowed down. The leading memecoin has recorded a massive run over the past week, increasing over 25% in the last seven days. At the start of the month, DOGE recovered from the June pullback…
A wallet tied to Ripple co-founder Chris Larsen moved 50 million XRP, worth around $175 million, between July 17 and Wednesday, sparking backlash from the crypto community amid a pullback in XRPโs price. Blockchain sleuth ZachXBT flagged the transactions in a Thursday post on X, noting that roughly $140 million of the XRP (XRP) was sent to centralized exchanges or services. The transfers to exchanges are usually interpreted as an intent to cash out. โWallets linked to Chris Larsen still hold over 2.81 billion XRP (worth $8.4 billion),โ ZachXBT noted,…
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Key Notes Solana proposes a further 66% increase in block capacity to improve throughput. The network already raised block limits by 20% this week. Whales continue to stack SOL, signaling long-term bullish confidence. Solana SOL $186.0 24h volatility: 6.2% Market cap: $100.10 B Vol. 24h: $24.94 B is gearing up for a transformative upgrade aimed at increasing its network performance and scalability. A recent proposal, Solana Improvement Document 0286 (SIMD-0286), plans to expand the blockchainโs capacity, potentially improving how transactions and smart contracts operate on the network. The proposal outlines…
Exchange-traded funds (ETFs) tracking Bitcoin have slipped again, continuing their losing streak as investor sentiment cools. U.S.-listed spot Bitcoin ETFs saw $86 million in net outflows on July 23, according to SoSoValue data. Itโs the third consecutive day of losses… Original
A new report from Glassnode has revealed a historically significant Ethereum level that could mark the start of an overheated phase if breached. Ethereum Is Moving Towards Active Realized Price In its latest weekly report, the on-chain analytics firm Glassnode has talked about some valuation models for Ethereum. The models in question are the Realized Price, True Market Mean, and Active Realized Price. Related Reading The first of these, the Realized Price, refers to the average cost basis or acquisition price of all tokens of the cryptocurrency that are currently…
Key points: Bitcoin market participants bet on a fresh short squeeze as liquidity piles into exchange order books around price. Late shorts are on the radar after a trip to punish longs the day prior. Bitcoin is regaining its command of the total crypto market cap. Bitcoin (BTC) bounced from a trip toward $117,000 on Thursday amid hope for a โmassiveโ squeeze of BTC short positions. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin sets the stage for upward price spike Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to…
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Former U.S. President Barack Obama was recently accused of colluding with members of his administration to fabricate what has been termed Russiagate, following a report alleging that Russia was involved in meddling with the 2016 presidential election. Prediction markets are already wagering on the possibility of his indictment. Polymarket Degens Believe Obama Wonโt Be Indicted [โฆ] Source CryptoX Portal