Day: August 29, 2025

Chinese Gangs Moved $312B Through US Banks Over Five Years

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US banks were responsible for laundering $312 billion for Chinese money launderers between 2020 and 2024, according to a new report. In a US Financial Crimes Enforcement Network (FinCEN) advisory on Thursday, the watchdog analyzed over 137,000 Bank Secrecy Act reports from 2020 to 2024.ย  It found that over $62 billion per year on average has gone through the US banking system from Chinese money launderers. Chinese money laundering networks have formed a symbiotic relationship with Mexico-based drug cartels. The cartels need to launder US dollar drug proceeds, while Chinese…

Solana (SOL) Price Explodes Higher โ€“ How Long Can Bulls Hold?

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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…

Crypto Applicants Often Fail In The Interview Process โ€” This Is Why

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Getting a job in crypto may be the hardest itโ€™s ever been. The rise of AI has lured away once plentiful venture capital funding, and with a maturing industry, crypto companies are now more choosy than ever. A recent Coinbase summer internship program had room for just 0.3% of applicants, according to Coinbase CEO Brian Armstrong, showing the sheer level of interest compared to available space. Meanwhile, CryptoJobsList founder Raman Shalupau and researcher Stefi Kiemeney told Cointelegraph that theyโ€™re still often seeing job postings with over 200 applicants vying for…

Why Is Pyth Network (PYTH) Price Surging 70% Today?

Key Notes The Bureau of Economic Analysis will distribute GDP and other macroeconomic indicators across nine major blockchains including Bitcoin and Ethereum. PYTH dramatically outperformed Chainlink’s 4% gain, reaching $1 billion market cap for the first time since May 2025. Technical analysis shows golden cross formation with RSI at 70.91, suggesting potential for further gains toward $0.21 resistance level. After opening trading near $0.11, Pyth Network PYTH $0.22 24h volatility: 83.8% Market cap: $1.22 B Vol. 24h: $1.97 B price surged almost 70% intraday on Thursday, Aug. 28, breaching the…

XRP Price Warning: Larger Correction Looms After Recent Weakness

XRP price is struggling to clear the $3.080 resistance zone. The price is now declining and might extend losses if it drops below $2.920. XRP price is correcting gains from the $3.080 resistance. The price is now trading near $2.9650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline if it stays below the $3.050 zone. XRP Price Faces Hurdles XRP price started…

US Bitcoin Mining Company Backed by Trump Sons Eyes Nasdaq Listing Following Merger

Key Notes Trump sons and Hut 8 Mining will control 98% of the merged entity after the all-stock transaction completes. Gryphon shareholders saw 23% gains over five days as the merger announcement boosted investor confidence significantly. The public listing enables global expansion plans including potential acquisitions across Asian cryptocurrency markets. The US Bitcoin BTC $111 765 24h volatility: 0.1% Market cap: $2.23 T Vol. 24h: $33.25 B mining company American Bitcoin, backed by Donald Trump Jr. and Eric Trump, is set to go public on the Nasdaq in early September…

Bitcoin Mining Explained! ๐Ÿ’ฐ How to Start Earning Crypto

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Ethereum Price Bulls Losing Steam โ€“ What Happens If $4,400 Breaks?

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Ethereum price started a fresh decline from the $4,700 zone. ETH is now showing bearish signs and might gain bearish momentum if it declines below $4,400. Ethereum is still struggling to settle above the $4,630 zone. The price is trading below $4,550 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses and dive if there is a close below $4,400 in the near term. Ethereum…

Warning Signs? On-Chain Data Shows Bitcoin Momentum Slipping

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Bitcoinโ€™s price remains under pressure after retreating from its record high above $124,000 earlier this month. At the time of writing, BTC is trading at $113,146, reflecting a decline of 8.7% from its recent peak, though it has recorded a modest 1.8% daily increase. The movement highlights ongoing volatility, as investors weigh both on-chain metrics and broader market sentiment to determine whether the bull cycle can regain strength. Analysts have pointed to a shift in behavior among large traders, particularly on Binance, the worldโ€™s largest exchange by volume. According to…