Author: boss

Why is Stellar’s XLM up by Over 50% This Week?

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Stellar’s native token, XLM, has rallied more than 50% this week, outperforming the broader crypto market, which has declined by nearly 5% in the same period. Key takeaways: US financial giant DTCC announced it would integrate its tokenized securities platform with the Stellar Network. XLM rallied by over 50% after the announcement, but risks a sharp downside in the coming weeks. DTCC partnership fuels XLM rally XLM’s price surged after a major institutional partnership announcement by the Depository Trust & Clearing Corporation (DTCC), a US financial giant that clears and…

NYSE Parent ICE Seeks ‘Level Playing Field’ for 24/7 Onchain Perps

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Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is urging regulators to allow regulated exchanges to offer 24/7 onchain perpetual futures trading, according to ICE CEO Jeffrey Sprecher. Speaking at a Bernstein conference on Wednesday, Sprecher said that he was urging regulators to create a “level playing field” for launching 24/7 onchain perps contracts, arguing that regulators are “prohibiting us from doing this when it’s already happening.”  The CEO said that ICE had multiple exploratory discussions with decentralized exchange Hyperliquid about the synergies between the crypto…

Trump vows to push pro-Bitcoin policies; SHRMiner cloud mining’s $7,000 passive income opportunity draws attention

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump’s crypto support boosts interest in Bitcoin and cloud mining platforms like SHRMiner among retail investors. Summary Donald Trump’s recent pro-crypto remarks have increased optimism around a potentially friendlier U.S. regulatory environment for digital assets. Platforms such as SHRMiner are gaining attention by offering cloud mining access that removes the need for expensive hardware or technical mining expertise. SHRMiner provides multiple cloud mining contract options designed for users seeking…

The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst

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Crypto analyst The Short Bear has addressed investors who are currently capitulating on Ethereum and offloading their coins. He cited a mistake these investors are currently making that could cost them money when the bull thesis for ETH eventually plays out.  Analyst Reveals Misconception Investors Have About Ethereum In an X post, the Short Bear said that many people are mistaken in treating Ethereum like an end-stage Amazon as if the main question is already about mature margins, fees, and cash flows. He explained that, in reality, the layer-1 network…

Bitcoin Loses Global Top 10 Asset Spot as Market Cap Falls to $1.48T

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Bitcoin’s (BTC) latest drawdown to $72,000 has coincided with a sharp drop in its market capitalization, pushing it out of the global top 10 assets by market cap. Key takeaways: Bitcoin fell to 13th place among global assets after its market cap dropped below $1.5 trillion. Gold, silver and AI stocks outperformed Bitcoin after investors rotated. Bitcoin’s pending realized price death cross could signal further downside risk for BTC price. Bitcoin’s market cap drops below $1.5 trillion Bitcoin’s price has dropped sharply from around $83,000 in early May to as…

Strategy Preferred Stock Risk ‘Out Of Hand,’ Arca CIO Says

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Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some of its Bitcoin. The Strategy situation has “gotten out of hand,” Arca chief investment officer Jeff Dorman said in an X post on Thursday, referring to its roughly $15 billion in preferred stocks carrying around $1.5 billion in annual dividend obligations. Dorman warned that the structure may become increasingly difficult to manage if market conditions remain volatile, with Bitcoin (BTC) trading about 16% lower year-to-date…

Texas Bitcoin Reserve to Shift From ETF to BTC Custody

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Texas is seeking a custody and liquidity provider to help move its Strategic Bitcoin Reserve from BlackRock’s iShares Bitcoin Trust (IBIT) spot Bitcoin exchange-traded fund (ETF) into directly held coins, according to a state procurement document. The move, posted May 7 and announced in a Thursday release from the Texas Comptroller’s office, would move Texas closer to directly held Bitcoin through a third-party custody arrangement rather than relying solely on ETF exposure, marking a shift from ETF exposure to direct onchain ownership. Texas has allocated $10 million to the Strategic…

Texas Bitcoin reserve plans $10M shift from IBIT to BTC custody

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Texas is moving closer to holding Bitcoin directly, after opening a search for a custody and liquidity provider for its Strategic Bitcoin Reserve. Summary Texas seeks custody services to move its $10M reserve from IBIT into direct Bitcoin holdings. The RFP asks providers to acquire, hold, manage and report Texas Bitcoin and crypto holdings. Hancock named four advisors to guide custody, risk controls and public reporting for the reserve. Meanwhile, the state wants to shift its reserve from BlackRock’s iShares Bitcoin Trust into directly held Bitcoin through a third-party custody…

Dogecoin Bulls Face A Whale Problem As Capitulation Deepens

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Dogecoin is showing classic signs of valuation stress, but Alphractal AI’s breakdown suggests DOGE bulls are still missing one crucial ingredient: stronger whale support. The analysis shows DOGE trading below holder cost basis while several market structure and participation metrics remain weak. DOGE was recently priced at $0.099, with a market capitalization of $15.48 billion and $1.06 billion in 24-hour trading volume. The asset ranked ninth by market cap, but its broader performance profile remained under pressure. DOGE was up 2% over 24 hours, yet still down 5.96% over seven…

Memecoin Platform DxSale Drained for $7.3M Across 1,400 LPs

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Memecoin launch platform DxSale was drained of $7.3 million in funds in a cyberattack that affected around 1,400 liquidity providers (LPs) on the BNB Chain.  The attacker’s address “0xC457” transferred $1.87 million worth of BNB (BNB) tokens into two main wallets and subsequently deposited them into multiple Binance deposit addresses, according to blockchain data platform PeckShield in a Friday X post. Back in 2021, DxSale was used to lock in liquidity for tokens launched on the BNB Chain. Blockchain analyst Tahax estimated that the locker still holds liquidity from projects…