Blockchain-based Lender Figure Files For US IPO

Blockchain-based lending company Figure Technology Solutions has filed publicly for an initial public offering in the US, joining a slate of crypto companies that have entered the market. The New York-based firm plans to list on the Nasdaq under the symbol “FIGR” with Goldman Sachs, Bank of America and Jefferies Financial Group leading the IPO. Some of its existing shareholders will sell shares in the offering, Figure said in a filing on Monday with the Securities and Exchange Commission. Figure said earlier this month that it had confidentially filed to…

Bitcoin Yet To Be ‘Priced In’ Until Trump Fed Chair Announcement

Bitcoin investors have yet to factor in a potentially more dovish Federal Reserve, which will depend on who US President Donald Trump nominates to replace Jerome Powell, says economist Alex Krüger. Bitcoin (BTC) traders see the Fed’s first potential rate cut this year, expected in September, as creating a more bullish environment for Bitcoin. The right Fed chair nominee could push the price even further.  Markets eye September rate cuts “I have a high degree of confidence this cycle is not over because I am expecting changes in the Fed…

Key Factors Behind The Recent Drop

The cryptocurrency market is experiencing significant price declines, particularly among the three largest digital assets: Bitcoin (BTC), Ethereum (ETH), and XRP.  Following record-breaking rallies in the previous week, these cryptocurrencies have seen notable losses, with Ethereum down 5.2%, XRP dropping 3.8%, and Solana (SOL) slipping 6%. Even memecoin Dogecoin (DOGE) has not been spared, losing 5.2% of its value. Crypto Market Faces New Downturn According to a recent report by Barron’s, the recent downturn can be attributed to a combination of macroeconomic factors that have dampened investor optimism.  Wholesale price…

Understanding Coinbase: A Beginner’s Guide

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Solana (SOL) Falls Below Support, Will Bears Extend the Decline?

Solana started a fresh decline from the $210 zone. SOL price is now showing bearish signs and might decline below the $172 support zone. SOL price started a fresh decline after it failed to clear $210 against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $188 resistance…

Navigating CFTC Regulations for Crypto Funds 

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. A Guide to CFTC Rules for Crypto Investment Funds With U.S. regulators increasingly classifying […] Source CryptoX Portal

XRP: This ALWAYS Happens Before A MAJOR Move!!! Don’t Get Trapped!!!

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Bitcoiner Chamath Palihapitiya files for $250M SPAC Focused on DeFi, AI

Early Bitcoin investor and billionaire Chamath Palihapitiya has filed to raise $250 million in blank-check company “American Exceptionalism Acquisition Corp A,” targeting the decentralized finance, AI, energy and defense sectors. The special purpose acquisition company (SPAC) would be led by Social Capital managing partner Steven Trieu as CEO and Palihapitiya as chairman, according to the registration statement filed with the US Securities and Exchange Commission on Monday.  The $250 million raise seeks to offer 25 million shares at $10 each under the ticker AEXA on the New York Stock Exchange.…

XRP Price Holding Weak Below $3.10, Bears Maintain Their Edge

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

VERY BAD NEWS FOR BITCOIN !!!!!!

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