Category: Other Crypto News

Galaxy Wins New York BitLicense for Institutional Crypto Services

boss

Galaxy Digital, a crypto-focused financial services company led by Mike Novogratz, has received a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS), allowing it to expand regulated digital asset services to institutional clients in the state. The company said Monday that the approvals were granted to its subsidiary, GalaxyOne Prime NY, which provides trading and financing services to institutional investors. The licenses extend Galaxy’s regulatory reach into New York, one of the most tightly regulated jurisdictions for cryptocurrency businesses in the United States.…

3 Factors May Send Bitcoin Price Back To $80K

boss

Key takeaways: Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations. Rising bond yields and a heavy US government debt burden are driving investors toward scarce assets. A potential deal between the US and Iran could quickly restore traders’ risk appetite. Bitcoin (BTC) faced a rejection following a failed attempt to break above $82,000 on Thursday. A subsequent retest of the $76,000 level on Monday triggered $400 million in liquidations for bullish Bitcoin positions over a four-day period. While traders’ confidence took a hit from the…

Curious About What The CLARITY Act Says About XRP? Here Are The Parts To Focus ON

boss

With the US Digital Asset CLARITY Act inching closer to becoming law, many investors and supporters are eager to know how it could shake things up for XRP. A crypto analyst has broken down the specific sections of the bill that could directly impact XRP, Ripple, and its stablecoin RLUSD. These key parts touch on XRP’s status as a commodity, its role in banking infrastructure, and potential yield opportunities for investors.  What The CLARITY Act Means For XRP In a recent X post, pseudonymous crypto analyst @Whiplash437 outlined the exact…

Soluna Q1 Revenue Rises 58% as Data Center Hosting Surpasses Crypto Mining

boss

Digital infrastructure company Soluna Holdings reported strong first-quarter revenue growth as expanding data center operations helped offset weaker returns from cryptocurrency mining. Revenue rose 58% from a year earlier to $9.4 million and increased 2% from the previous quarter, according to the company’s earnings report released Monday. It was Soluna’s fourth-consecutive quarter of sequential revenue growth. The gains were driven by additional capacity coming online at the company’s Dorothy and Kati sites in Texas. Data center hosting generated $6.7 million in revenue, while cryptocurrency mining contributed roughly $2.2 million, down…

Georgia Primary to Test Crypto PAC’s Support for Democratic Candidate

boss

The Protect Progress, a political action committee (PAC) affiliated with the cryptocurrency company-backed Fairshake PAC, has spent more than $4 million attempting to help secure a win for a Georgia state representative running for the US House of Representatives. On Tuesday, Georgia voters will decide on their candidate in the primary for the state’s 13th Congressional district, where state representative Jasmine Clark faces competition among Democrats. According to data from the Federal Election Commission, Clark has been the beneficiary of more than $4.2 million in spending on media by the…

Dogecoin Could Be Setting Up For High-Beta Rally After Final Shakeout

boss

Dogecoin continues to attract attention as market analysts suggest the meme coin could be entering the final stage of its consolidation phase before a stronger breakout attempt emerges. While short-term volatility and liquidity sweeps still threaten downside pressure, the broader setup is beginning to resemble the kind of high-beta structure that has historically fueled explosive DOGE rallies during periods of renewed market optimism.  Historical Breakout Behavior In Dogecoin Cycles Crypto analyst APCL explained that Dogecoin may be entering a critical cleanup phase following the fill of the $0.08904 wick formed…

Bitcoin Traders Monitor $74K Support As Sell Pressure Increases

boss

Bitcoin (BTC) lost its hold on the $80,000 level over the weekend, and data suggest that the cryptocurrency needs to trade above the $74,000-$75,000 range, as it has repeatedly served as key support over the last two years.  Crypto analyst Ardi said the next retest of the $74,000-$75,000 range could become the most important support test of the current bear market. The analyst pointed to the role that the price range played during the last two years. In 2024, Bitcoin struggled to break above the range during a seven-month-long consolidation.…

Trump’s Iran Warning Sends Bitcoin Tumbling Below $77K

boss

Bitcoin’s bearish momentum hit hardest on the technical charts, with the cryptocurrency breaking below all major exponential moving averages by early Monday. Trading around $76,750, it sat well beneath the 20-hour EMA at $77,580, the 50-hour at $78,120, the 100-hour at $78,767, and the 200-hour at $79,350. MACD indicators reinforced the downside pressure, with the line at negative 359, the signal at negative 243, and the histogram at negative 116. Related Reading Geopolitical Shock Hits An Already Weakened Market The slide began Sunday night after US President Donald Trump posted…

Bitcoin, Altcoins Turn Bearish As Inflation Worries Pressure Markets

boss

Key points: Bitcoin has pulled back to the $76,000 level, a crucial near-term support level to watch. Several major altcoins have broken below their near-term support levels, indicating that the bulls have given up. Bitcoin (BTC) came under pressure on Monday after US President Donald Trump warned Iran that the “clock is ticking” and they better get moving fast. Analyst CryptoRover said in a post on X that a potential US military operation against Iran “is extremely dangerous for $BTC.” Institutional investors also seem to be turning cautious in the…

Minnesota Legalizes Crypto Custody Services for Banks, Credit Unions

boss

Minnesota-based banking institutions and credit unions are set to offer some crypto custody services beginning in August. On Friday, Governor Tim Walz signed House File (HF) 3709 into law, permitting “certain virtual-currency custody services to be offered and performed” by financial institutions in the US state. One of the original sponsors in the Minnesota House of Representatives, Bernie Perryman, said in March that the bill was intended to ensure that “Minnesota-based financial institutions are allowed to evolve alongside their customers and members rather than forcing Minnesotans to rely on unregulated,…