Category: Other Crypto News

Ethereum Drops Nearly 5% As Familiar Leverage Setup Plays Out

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Data shows the Ethereum Open Interest observed a sharp jump before the cryptocurrency’s price saw a decline of almost 5% over the past day. Ethereum Has Seen Bearish Price Action Over The Last 24 Hours This week saw some recovery for Ethereum and the wider digital asset sector during its first three days, but Thursday has brought with it a shift as the market as a whole has retraced. Ethereum had managed to recover above $2,150, but following this decline, its price is back near $2,000. In terms of the…

Bitcoin Supply in Profit and Loss Closer to 2022 Bear Market Levels

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The amount of Bitcoin supply in profit and loss is now getting closer to levels typical of a bear market, according to a CryptoQuant analyst. There are currently about 11.2 million Bitcoin (BTC) in profit. The previous bear market recorded 9 million BTC in profit at its lowest point, CryptoQuant analyst “Darkfost” said Thursday.  CryptoQuant data also shows there are about 8.2 million Bitcoin at a loss, with Glassnode data confirming it’s at levels not seen since late 2022.  “This is quite significant, considering that during the last bear market…

Dogecoin (DOGE) Breakdown Risk Grows, Is a Sharp Decline Next?

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Dogecoin started a fresh decline below the $0.0920 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.0910 and $0.0920. DOGE price started a fresh decline below the $0.0920 level. The price is trading below the $0.0910 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.0910 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.0910 and $0.0920. Dogecoin Price At Risk of…

Effect of Tokenization on Financial Stability Not Clear

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The International Monetary Fund said tokenization has the potential to remove friction and boost transparency in finance, but warned that the technology could also create challenges that affect financial stability. “The net effect of tokenization on financial stability is uncertain,” the IMF said in a 23-page report on Thursday, stating that “atomic settlement and enhanced transparency reduce some traditional risks, but speed and automation introduce new ones.” Source: IMF More than $27.6 billion worth of real-world assets, minus stablecoins, is currently tokenized onchain, data from RWA.xyz shows. Boston Consulting Group…

Monthly Stablecoin Volume Surpassed US ACH in February

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Stablecoin transaction volume surpassed the US Automated Clearing House network for the first time in February, a significant milestone for an asset class that has existed for less than 12 years. According to data from blockchain analytics platform Artemis, the total 30-day adjusted rolling stablecoin volume hit $7.2 trillion in February, beating the Automated Clearing House network at $6.8 trillion. The data is based on 30-day rolling adjusted volume of stablecoin transactions in US dollars, excluding MEV activity and intra-centralized exchange transactions, comparing this to the daily average volume of…

Ethereum Compression Deepens Near $2,000 — Volatility About To Explode?

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Ethereum is tightening into a critical zone near the $2,000 level as price action continues to compress without clear direction. With volatility steadily declining and pressure building on both sides, the current structure suggests that a decisive move, either a breakout or breakdown, could be just around the corner. Momentum Fails To Build On Ethereum Ethereum is currently in a very different position compared to the broader market, as it has never experienced a strong, sustained rally. CyrilXBT noted that ETH briefly spiked to $2,400 in mid-March but has been…

Riot Platforms Sells 3,778 Bitcoin as Miners Eye Profitability Pressures

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Bitcoin miner Riot Platforms sold 3,778 Bitcoin in the first quarter, adding to a recent wave of sales by crypto firms amid tough market conditions. The Bitcoin (BTC) was sold at an average price of $76,626, netting Riot $289.5 million, according to the miner’s operational update released on Thursday. Bitcoin was trading at $66,867 as of Friday. The miner produced 1,473 Bitcoin for the quarter and had 15,680 coins on its books at the end of Q1. Blockchain intelligence platform Arkham also flagged a 500 Bitcoin outflow from a wallet…

Bitcoin Price Teeters on Edge, Will Support Finally Snap?

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Bitcoin price started a fresh decline from the $69,250 zone. BTC is now struggling to stay above $66,000 and might extend losses in the near term. Bitcoin failed to settle above $68,000 and started a fresh decline. The price is trading below $67,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $67,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $67,500 and $67,800 levels. Bitcoin Price…

Big Tech Companies Form New x402 Foundation For Agentic AI

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Google, Microsoft and Amazon Web Services are among the Big Tech firms named as founding members of the newly launched x402 Foundation, established to govern and standardize the x402 protocol for agentic AI payments on crypto and fiat rails.  The x402 Foundation was launched on Thursday by the open-source software development non-profit Linux Foundation with the help of Coinbase, the creators of the x402 protocol. Other founding members of the x402 Foundation include American Express, Mastercard, Visa, Cloudflare, Shopify, Stripe, Circle, Base, Polygon Labs, Solana Foundation, Thirdweb and KakaoPay. “The…

Ripple Introduces New System To Merge Corporate Finance And Digital Assets

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Ripple is taking a major step toward bridging traditional finance and blockchain technology with the introduction of a new system designed specifically for corporate finance teams. The move signals a growing push to integrate digital assets into everyday business operations, allowing companies to manage payments, liquidity, and treasury functions within a unified framework. How Ripple Stacks Up Against Traditional Financial Systems Ripple has just launched a major innovation in transforming how corporate finance teams operate. An analyst known as Bird noted on X that the company has introduced the first…