Crypto

Institutional investors and crypto whales viewed the ETH price drop below $3,000 as a buying opportunity, but data still hints at a deeper sell-off to $2,700. Ether (ETH) price saw a daily candle close below $3,000 on Tuesday, but a positive is that data showed large holders were buying throughout the dip. While ETH whale accumulation signals growing confidence, conflicting indicators suggest rising market risk for the altcoin. Key takeaways: ETH whales and institutional investors bought over $130 million in Ether as the price closed below $3,000 on Tuesday. Read more

Restaurant chain Steak 'n Shake is expanding its Bitcoin operations, this time with a pay bump for hourly employees paid out in BTC.

The committee released a draft bill in November proposing a regulatory framework, but some lawmakers still have concerns about provisions on DeFi, ethics and stablecoins. The US Senate Agriculture Committee, one of two committees in the chamber considering legislation to establish digital asset market structure, is expected to release its text of the bill by the close of business on Wednesday. Chair John Boozman said last week that the committee would release its version of the Digital Asset Markets Clarity (CLARITY) Act on Wednesday, with a markup hearing scheduled for the following Tuesday. However, the committee had not announced any updates since Coinbase effectively derailed a scheduled markup in the Senate Banking Committee last week by pulling its support for the bill.  Some Senate Democrats have reportedly been pushing for additional restrictions on decentralized finance within the market structure bill. Coupled with Coinbase pulling its support for the banking committee’s bill and concerns over the w...

Connecticut tribes said in an amicus brief supporting the state's crackdown on prediction market operators that Kalshi siphons away casino revenue.

The Shark Tank investor is preparing shovel-ready sites for bitcoin miners and data centers, betting that infrastructure — not tokens — will drive the next wave of value.

XRP has traded near $1.90 as Ripple CEO Brad Garlinghouse has predicted from Davos that the crypto market will reach new highs this year. Analysts have pointed to institutional demand and a falling-wedge breakout that could reopen $2.50 and $5, while $2 remains support. RLUSD has debuted on Binance. The post XRP Price Prediction: Ripple CEO at Davos Predicts Crypto ATHs This Year – $5 XRP Next? appeared first on Cryptonews.

Donald Trump called off Feb 1st tariffs, teasing progress being made on the Greenland deal.

In an interview from the WEF in Davos, David Sacks addressed disputes over stablecoin yield and the crypto market structure legislation that's stalled in the US Senate. White House crypto czar David Sacks said banks and crypto companies will ultimately merge into “one digital asset industry” once Congress passes the long-delayed market structure bill. The comments came during an interview on CNBC’s Squawk Box on Wednesday at the World Economic Forum (WEF) in Davos, Switzerland, where Sacks was asked about the negotiations around the proposed CLARITY Act, a market structure bill that has stalled amid debate over whether stablecoin issuers should be permitted to offer yield. Sacks said the yield debate has become the primary obstacle to advancing the legislation, but noted that lawmakers, banks and crypto companies must compromise to get a market structure bill to US President Donald Trump to sign into law. Read more

President Trump said Wednesday that he won't impose tariffs related to his quest for Greenland, boosting Bitcoin and stocks in the process.

Bank of Italy Governor Fabio Panetta has warned commercial banks to tokenise deposits to stay competitive as dollar stablecoins expand. He has said Europe risks dependence on U.S. payment firms, while the ECB has kept plans for a digital euro by 2029 and DLT settlement in 2026, as EU talks continue. The post Bank of Italy Chief Warns Banks Must Tokenize Money to Compete with Stablecoins appeared first on Cryptonews.

The Central Bank of Iran reportedly stockpiled more than half a billion dollars worth of USDt amid escalating protests and crypto usage in the country. Blockchain analytics platform Elliptic reported that the Central Bank of Iran (CBI) acquired more than half a billion dollars worth of Tether’s USDt, with indications that the stablecoins were used to prop up the country’s fiat currency. In a Wednesday report, Elliptic said Iran’s central bank had about $507 million in USDt (USDT), the US dollar-pegged stablecoin issued by Tether. According to the platform, it was likely that the bank used the digital assets to address the collapse of Iran’s rial or settle international trade. “The CBI's accumulation of USDT began in earnest during a period of extreme economic volatility,” said Elliptic. “The value of the rial had halved in just eight months, to a record low against the dollar (at the time). Iran's central bank may have attempted to stem this decline by buying rials with USDT on Nobitex, effectively using cryp...

Trump’s tariff threats tied to Greenland have driven a risk-off move: gold has hit record highs as Bitcoin has slid to the low-$90Ks, and about $1B in crypto longs has been liquidated. Options traders have priced in downside, though ETF inflows and exchange outflows have offered a floor in late Jan. The post Greenland Gambit Sparks Crypto Chaos: Tariff Threats Send Bitcoin Sliding – Analysts Eye $75K appeared first on Cryptonews.

Stablecoins, tokenized assets, and custody are set to replace pilot programs as crypto moves into core operations.

A bearish signal from XRP’s cost-basis metric projected a major price drop, fueled by a weakening technical structure and spot ETF outflows. Will bulls defend critical price support? XRP’s (XRP) onchain market structure resembles a setup that led to significant losses in 2022 after the price lost a key support level. Key takeaways: XRP's onchain structure mirrors the February 2022 setup that led to a 68% price drop.  Read more

Maple Finance CEO Sidney Powell said blockchain’s biggest opportunity isn’t tokenized Treasury bills or funds — instead, it’s bringing opaque, illiquid private credit markets onchain.

"The solution, if consummated, will be a great one for the U.S. and all NATO nations," said President Trump in a Truth Social post.

The first-of-its-kind FIA, according to the companies, offers crypto exposure with principal protection, aiming to attract cautious investors near retirement.

Younger Americans may find it increasingly difficult to afford a home, but Newrez thinks Bitcoin and Ethereum could help change that.

At first glance, this looks like a story that lives on the back pages of a newspaper, Japanese government bonds with maturities that run so long they sound like a joke, 20 years, 30 years, 40 years. If you own Bitcoin, you still end up in the blast radius. Because when Japan’s long-dated bonds start […] The post Bitcoin is in the blast radius after Japan’s bond market hit a terrifying 30-year breaking point appeared first on CryptoSlate.

Ethereum falls below $3K after $3.4K rejection, with rising sell pressure, ETF outflows, and exchange reserves hitting 8-year lows.