Author: boss

Ethereum Meets Wall Street: JPMorgan Rolls Out Tokenized Fund

boss

JPMorgan Asset Management has introduced a tokenized money-market fund built on the Ethereum blockchain, according to company filings and industry reports. The fund, called My OnChain Net Yield Fund (MONY), issues shares as digital tokens that live on the public Ethereum network and are aimed at qualified investors through the bank’s Morgan Money platform. JPMorgan Issues Tokenized Fund On Ethereum Based on reports, MONY holds familiar, low-risk instruments such as US Treasury securities and repurchase agreements fully backed by Treasuries. The bank says the token shares represent direct ownership of…

Bitcoin Outperforms Altcoins Despite Market-Wide Decline

boss

Despite a decline from all-time highs, Bitcoin has still performed better than most other cryptocurrency sectors in recent months, indicating that capital and investment continue to favor Bitcoin, according to Glassnode. Over the past three months, “the average return across nearly all crypto sectors has underperformed Bitcoin,” reported onchain analytics platform Glassnode on Tuesday. “This persistent relative weakness highlights a market environment where capital concentration favours BTC.” The comments came in response to a post from institutional-grade reporting platform Bitcoin Vector stating that the first half of the year was…

Bitcoin OG faces $54M unrealized loss on BTC, ETH, SOL longs

boss

A well-known early Bitcoin holder is sitting on a steep paper loss as crypto prices slide and leverage begins to work in reverse. Summary An early Bitcoin holder is facing about $54M in unrealized losses on large BTC, ETH and SOL long positions. The drawdown comes as crypto markets weaken, liquidations rise, and fear levels deepen. Analysts continue to warn that high leverage remains risky during periods of macro and policy uncertainty. The data was shared on Dec. 16 by on-chain analytics platform Onchain Lens. According to the analysis, the…

Dogecoin (DOGE) Under Heavy Pressure—Is a Bottom in Sight?

boss

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…

MetaMask Now Officially Supports Bitcoin

boss

Crypto wallet giant MetaMask has announced it has added support for Bitcoin, hinting that more blockchain integrations will be rolled out next year.  MetaMask announced the rollout to social media on Monday, ten months after it first teased it in February, revealing that Bitcoin (BTC) has now joined the ranks of supported assets from the Ethereum, Solana, Monad and Sei blockchains.  “Any Bitcoin transactions you make will appear in your asset list once confirmed. Remember: Bitcoin transactions are typically slower than those on EVM or Solana networks,” MetaMask said.  The…

Cardano Targets $10.40 As ‘2020 Blastoff’ Pattern Returns: Analyst

boss

Cardano (ADA) is getting the “2020 blastoff” treatment again — at least if you ask Quantum Ascend, a technical analyst on X who says the chart is starting to rhyme with the setup that preceded ADA’s last major run. In a Dec. 13 video shared on X, Quantum Ascend (@quantum_ascend) told followers he’s been working through a longer-term weekly count and thinks the market may be grinding toward the end of a drawn-out corrective structure. The punchline: a “conservative” target zone around $4.88–$5.50, and a “primary” bull-run target of $10.40.…

Ethereum Price Sinks Under $3K—Is Volatility About to Explode?

boss

Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave above $2,980. Ethereum started a fresh decline from the $3,175 zone. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,920 zone. Ethereum Price Dips 5% Ethereum price failed to stay above…

Senate Delays Crypto Market Structure Bill Until 2026

boss

The US Senate Banking Committee has postponed markup hearings on crypto market structure legislation until 2026, despite earlier hopes for a hearing this week.  In a statement on Monday, a spokesperson for Senate Banking Committee chair Tim Scott confirmed that the committee will not hold a market structure markup this year. “Chairman Scott and the Senate Banking Committee have made strong progress with Democratic counterparts on bipartisan digital asset market structure legislation,” the spokesperson said. They added that Chairman Scott had been clear that the effort should be bipartisan.  “He…

Trump Says He’ll Examine Case of Samourai Wallet Developer

boss

US President Donald Trump says he will review the case of convicted Samourai Wallet developer Keonne Rodriguez, hinting he will explore the possibility of a pardon. Samourai Wallet co-founders Rodriguez and William Lonergan Hill were sentenced on Nov. 19 to five and four years in prison on charges stemming from their involvement in the crypto mixing protocol. “I’ve heard about it, I’ll look at it,” Trump said when asked about the case at a press conference about the Mexican border at the White House on Monday. “Okay, let’s take a…

Cardano SuperTrend Turns Bearish—Last Signal Preceded 80% ADA Drop

boss

A cryptocurrency analyst has pointed out how Cardano has formed a technical analysis (TA) signal on its weekly chart that last led into a major price drawdown. Cardano SuperTrend Has Flipped Bearish In a new post on X, analyst Ali Martinez has talked about a signal that has appeared in the SuperTrend of Cardano. The “SuperTrend” refers to a TA indicator that’s generally used for determining whether a given asset is following a bearish or bullish trend. It’s built using the Average True Range (ATR), another TA indicator that measures…