Category: Other Crypto News

Bitcoin Price Recovery Could be Capped at $78K: Here’s Why

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Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend. Key takeaways: Bitcoin price is up 17% from sub-$60,000 lows as onchain data shows signs of returning demand. BTC price resistance around $78,000 must be broken to end the downtrend. Bitcoin buyers are returning Bitcoin’s net taker volume suggests buyers are stepping in as demand for BTC derivatives returned, data from CryptoQuant shows.  Net taker volume, a metric that measures…

XRP Negative Funding Continues, Crashes To Levels Not Seen Since 2022

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The XRP funding rate has been on the decline after the price hit its 2025 peak above 2025, and this trend has continued into the new year. Between February and March 2026, the XRP funding rate spent most of the time in the negative, and this speaks to how investors are currently viewing the cryptocurrency. Analyst Cryptoinsightuk points this out in a recent X post, alluding to what this could mean for the digital asset going forward. XRP Funding Rate Hasn’t Been This Low Since 2022 Cryptoinsightuk’s post highlights the interesting XRP…

Utah Set to Block Prediction Markets Like Kalshi and Polymarket

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The US state of Utah is set to block prediction market platforms such as Kalshi and Polymarket, escalating a growing dispute between state regulators and federal authorities over how the industry should be regulated. On Wednesday, Utah’s HB243 (Gambling Revisions) bill was sent to the governor’s desk after passing the Utah House on Feb. 10 and clearing the Senate on Feb. 27. The bill defines “proposition betting” as gambling. Proposition bets are wagers on individual events within a game, such as how a specific athlete performs or whether a team…

XRP Bollinger Bands Are Squeezing—Volatility Incoming?

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A cryptocurrency analyst has highlighted how the Bollinger Bands are squeezing on the daily XRP price, a potential sign that volatility could be coming. XRP Bollinger Bands Have Tightened Recently In a new post on X, analyst Ali Martinez has talked about the latest trend in the Bollinger Bands for XRP. The “Bollinger Bands” refer to a tool from technical analysis (TA) that help provide a gauge for an asset’s volatility. The indicator involves three bands: a 20-day moving average (MA) middle line and two standard deviations above and below…

US Prosecutors Oppose Sam Bankman-Fried’s New Trial Bid: Report

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Bloomberg reported Thursday that US prosecutors urged a federal judge to reject Sam Bankman-Fried’s request for a new criminal trial, arguing that the former FTX chief failed to meet the legal standard for a retrial. According to the report citing court documents, prosecutors said Bankman-Fried’s claim that new witnesses could undermine the government’s case does not meet the legal standard required to grant a retrial.  Prosecutors reportedly argued that testimony cited by Bankman-Fried from former FTX executives Ryan Salame and Daniel Chapsky did not amount to newly discovered evidence because…

Bitcoin Enters ‘Most Frustrating Phase,’ CryptoQuant Says: A Look At What’s To Come

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Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as “the most frustrating phase in the cycle.”  According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction. Bear Market Signals Three key on-chain metrics point to a psychologically challenging phase for market participants, specifically Apparent Demand, the CryptoQuant Bull Market Cycle Indicator, and the Long-Term Holder SOPR. After the most recent sell-off, Apparent…

Bonk.fun Domain Hijacked to Push Crypto Wallet Drainer

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Bonk.fun warned users not to use its site after attackers hijacked the domain and pushed a fake wallet-draining prompt. The domain of Solana-based platform memecoin launchpad Bonk.fun has been hijacked after attackers gained access to a team account and deployed a wallet-draining scheme through the site. The Bonk.fun account on X warned users early Thursday not to interact with the website while the team worked to secure the domain. “A malicious actor has compromised the BONKfun domain, do not interact with the website until we have secured everything,” the project…

New Zealand Rules NZDD Stablecoin Not a Financial Product

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New Zealand’s financial regulator has ruled that a local currency-tied stablecoin, NZDD, isn’t a financial product, a move a local law firm says is an important step toward regulatory clarity. The Financial Markets Authority (FMA) said on Wednesday that the new designation for the stablecoin pegged to the New Zealand dollar resulted directly from a financial technology sandbox pilot the regulator is running. “The economic substance of the NZDD stablecoin is that it is not a debt security, as the NZDD stablecoin is not an investment, and no income, interest…

White House Crypto Advisor Denounces Attempts To Sabotage CLARITY Act’s Goals

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Stablecoin Yields will Bring Fresh Money to US Banks: Patrick Witt

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Stablecoin yield providers will inject more capital into the US banking system, argues White House Council of Advisors for Digital Assets executive director Patrick Witt, amid debate over whether stablecoin yields will draw deposits away.  “Foreigners exchange local currency for stablecoins from a US-based issuer,” Witt said in an X post on Wednesday, adding that “global demand for USD is massive.” “That is net new capital entering the American banking system,” Witt said. Most US stablecoin issuers hold US dollars or US Treasuries to back each token issued. Banking and…