Crypto

A recent analysis shed light on another correlation between the world’s largest cryptocurrency and stablecoin by market capitalization. Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin’s and USDt’s activity over the last two years. In a Wednesday X post, Glassnode shared a comparison between Bitcoin’s (BTC) price and net flows of USDt (USDT) to exchanges starting in December 2023. According to the analysis, net outflows of USDT from exchanges coincided with increases in the price of BTC. “During euphoric phases, USDT typically flows out at –$100M to –$200M/day as investors lock in profits,” said Glassnode. “At the $126K peak [in October], net outflows reached >$220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again.” Read more

On-chain money market funds have grown nearly tenfold since 2023, but the Bank for International Settlements warns their adoption brings new liquidity and contagion risks. Tokenized money market funds are emerging as one of the most important yield-bearing assets on public blockchains, offering money-market returns and securities-level protections that stablecoins can’t provide, according to a new report from the Bank for International Settlements (BIS). According to the bulletin, tokenized money market funds now hold nearly $9 billion in assets, up from about $770 million at the end of 2023. The BIS warned that as these tokenized Treasury portfolios become a key source of collateral in the crypto ecosystem, they also bring new operational and liquidity risks. Tokenized money market funds are blockchain-based representations of traditional money market portfolios, providing investors with onchain access to short-term, interest-bearing assets, such as US Treasurys. Read more

Grayscale has moved to convert its long-running Zcash Trust into a U.S.-listed ETF, seeking regulated access to the privacy coin as its price surge, sharp volatility, self-custody debates, and allegations of paid promotion have drawn fresh scrutiny from traders and regulators. The post Grayscale Targets First U.S. Zcash ETF as Privacy Coin Explodes 1,000% – What’s Next? appeared first on Cryptonews.

UAE’s new financial law brings crypto and blockchain into traditional finance and under Central Bank’s supervision.

Binance’s latest move targets demand from traditional wealth clients and asset managers taking their first steps into the crypto space. Binance has launched a concierge-style service designed for family offices, asset managers, and private funds taking their first steps into the crypto space. According to the exchange on Wednesday, the new service offers personalized onboarding with dedicated managers, support for over 100 fiat currencies, and access to tailored structured products.  The service also includes credit lines, institutional-grade custody through partnered custodians, and real-time analytics and reporting tools designed to give professional investors clear visibility into their portfolios. Read more

Bitcoin’s momentum is restrained by uncertainty in interest rate policy, inflation expectations, the pending MSCI decision on crypto-focused firms, and stress in BTC derivatives. Key takeaways: Bitcoin derivatives and cautious interest rate expectations keep sentiment restrained, yet improving liquidity conditions bolster upside potential. Regulatory easing and MSCI’s review of BTC-heavy firms could lift risk appetite, supporting a more constructive medium-term outlook for Bitcoin. Read more

Dogecoin breaks out of inverse H&S, targeting a major move. ETF launch and whale activity show mixed signals as short-term trend shifts bullish.

S&P Global Ratings has downgraded Tether's USDT, warning that the industry-leading stablecoin could suffer if Bitcoin's price crashes. Tether disagrees.

The token has support around the $2.16 level and resistance at $2.31.

S&P Global Ratings downgraded Tether’s USDt to its lowest stability rating, raising concerns over its dollar peg. Tether classified the report as “misleading.” S&P Global Ratings has downgraded Tether’s USDt to the lowest score on its stablecoin stability scale, questioning the token’s ability to maintain its dollar peg. The “weak” assessment was due to several factors, including Tether backing USDt (USDT) with “higher-risk” assets such as Bitcoin (BTC), gold, loans, and corporate bonds that are subject to higher volatility, according to S&P Global. The report read: Tether is headquartered in El Salvador and is regulated according to the National Commission of Digital Assets (CNAD), which has looser requirements for reserve assets backing stablecoins, S&P said. Read more

Bitcoin’s recent slide below $80,000 has triggered a wave of sleep disruption across the retail trading community, according to a new report from CEX.io. The flagship digital asset has since rebounded to about $88,000, but the roughly 31% drawdown from its recent peak left many investors monitoring prices through the night. This behavior has moved […] The post Struggling to sleep? You’re not alone – How Bitcoin’s recent price crash is affecting other traders IRL appeared first on CryptoSlate.

Bitcoin and select altcoins have started a recovery, but higher levels are likely to attract solid selling by the bears. Is $100,000 BTC's next stop? Key points: Bitcoin has been facing selling near $89,000, but the bulls have not given up much ground, suggesting a rally to $93,500. Several major altcoins have started a recovery, but they are likely to face selling at higher levels. Read more

The firm’s “BTC Rating” puts coverage at 5.9x with BTC at $74,000 and still about 2.0x even in a severe crash to $25,000.

XRP Price Prediction has strengthened as 21Shares gains SEC approval for its XRP ETF, spot products from Bitwise and others have attracted steady inflows, and analysts now expect XRP to test $2.60 before a possible breakout above the key $3 psychological level. The post XRP Price Prediction: 21Shares XRP ETF (TOXR) Launches Friday – Can XRP Finally Break $3? appeared first on Cryptonews.

Monad has launched mainnet and MON has seen price gains near 60% alongside a surge in social activity, with LunarCrush metrics showing AltRank in the top ten, tens of thousands of mentions, millions of engagements and early integrations from Telegram swaps, Polymarket and new trading venues. The post From Zero to Hero: LunarCrush Reveals How Monad’s Launch Drove a 550× Engagement Rate and a Top‑Ten AltRank appeared first on Cryptonews.

The fund, which could be listed on NYSE Arca, would the first ETF tied to a privacy coin, following several other listings from Grayscale and asset managers. Grayscale is aiming to convert its Zcash Trust into a spot exchange-traded fund in a move that could mark one of the first investment vehicles linked to a privacy coin. In a Wednesday filing with the US Securities and Exchange Commission, Grayscale submitted a Form S-3 registration statement, signaling its intention to convert its fund tied to Zcash (ZEC) into a spot ETF. The move followed Grayscale’s launch of other spot ETFs linked to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE), and XRP (XRP). The simplified form with the regulator could allow Grayscale to list the Zcash ETF on the NYSE Arca. According to data from Nansen, the price of ZEC increased by more than 50% in the past 30 days and by 1,050% in the past 12 months, reaching $519.62 at the time of publication. Read more

Ethereum holds above $2,620 support as analysts eye $10K. MVRV Z-Score nears buy zone, while $3K remains key resistance level for bulls.

Gemini has welcomed the UK budget keeping crypto tax rates steady as wider reforms have moved the country toward stricter TradFi-style oversight, with CARF reporting and HMRC enforcement expanding transparency while competitive rates support long-term digital-asset investment. The post Gemini Exec Says UK Budget Brings Tougher Crypto Oversight but No Tax Hike appeared first on Cryptonews.

Bitcoin has broken above $90,000 per coin again, nearly a week after it dipped to a seven-month low of about $81,000.

With Bitcoin below its average buy price and stock at a discount to net BTC, Metaplanet is challenging how listed firms hold crypto.