The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward shift in momentum, implying a bullish resolution to bitcoin’s prolonged back and forth trading between $50,000 and $70,000. Source
Last week, the Department of Justice announced charges against over a dozen individuals and entities, arguing these market makers were actually wash trading funds and defrauding people. Source
The Fed’s Rate Cut Trajectory Remains Intact, Boosting the Crypto Outlook Source
Additional applications extend far beyond methane detection. The system can be adapted to monitor air quality in urban areas, water quality in rivers and lakes, and identify deforestation hotspots. By incorporating a more horizontal protocol approach to standardized data formats and interoperability, the system can seamlessly integrate data streams from various monitoring applications for a breadth of use cases. This view allows for a more comprehensive understanding of the interconnectedness of environmental systems and challenges, empowering the development of integrated and effective environmental policies. It provides policymakers, researchers, and the…
State Street sees significant potential in tokenized collateral asset in traditional finance, too. Donna Milrod, the bank’s chief product officer, said in an interview this month that collateral tokens could help mitigate liquidity stress during financial crises, for example allowing pension funds to post money market tokens for margin calls without selling underlying assets to raise cash. Source
And so, somehow, Crypto.com has reached the precipice. If it wins the first “ripeness” issue and is allowed to bring its case, little stands in its way. Its arguments on the merits are strong, and there are few courts more sympathetic to those arguments than E.D.Tex. From there it would go to the Fifth Circuit, the court the SEC fears the most. And then, just maybe, the Supreme Court, where it would have a sympathetic panel and one of the most experienced appellate attorneys in the country to make its…
Scroll was selected by Donald Trump-affiliated project World Liberty Financial to be the layer-2 blockchain of choice, with a planned deployment along with its debut on Ethereum. (Although as chronicled by CoinDesk this week, initial demand for the project’s new tokens has proven to be minimal relative to the overall amount allocated to a public sale, and at $13 million so far has not even come close to meeting a $30 million reserve needed to cover expenses.) Source
Only two assets were trading lower, including Aptos and Litecoin. Source
The Singaporean banking giant wants to help clients optimize liquidity management and streamline operational workflows. Source
Bitcoin made another attempt to establish a foothold above $68,000 early in the European morning before pulling back and trading around $67,800. BTC has gained about 1.35% in the last 24 hours, outperforming the broader digital asset market, as measured by the CoinDesk 20 Index, which is just under 0.8% higher. Bitcoin has also risen nearly 9% this week, according to CoinDesk Indices, amidst strong uptake for spot BTC ETFs. The U.S.-listed funds have seen inflows of $1.86 billion since Monday, which, even with one day remaining, is their highest…