ETH Downtrend Not Over? Why Ether’s Next Stop Could be $1,500

Ether (ETH) dipped below $1,900 during Asian trading hours on Tuesday, extending 30-day losses to 38% as President Donald Trump’s tariffs soured investor sentiment. Several market and technical indicators show that the ETH price may fall further before any recovery attempts by the bulls. Key takeaways: Ether trades below its realized price, which has historically…

Fed proposes rule to deal with crypto debanking by scrapping ‘reputation risk’

Days after JPMorgan Chase & Co. admitted to debanking President Donald Trump after the Jan. 6, 2021 attack on the Capitol, the Federal Reserve seeks comments on its proposal that would stop government supervisors from pushing banks to sever ties with lawful customers based on their activities, including crypto companies. “We have heard troubling cases…

Bitcoin Drops Closer to $60,000 as AI Tensions Weigh on Macro Assets

BTC price targets stayed bearish with a zone of interest below $50,000 as macro assets saw increasing downside pressure at the Wall Street open. Bitcoin (BTC) fell toward $60,000 around Tuesday’s Wall Street open as traders issued fresh macro low targets. Key points: Bitcoin sees further pressure with traders lining up for $60,000 and lower….

Tether-Backed Oobit Adds Crypto-to-Bank Transfers

Crypto payment provider Oobit has launched crypto-to-bank transfers that settle into bank accounts via local payment rails, expanding its app beyond in-store spending and peer-to-peer (P2P) transfers.  In an announcement shared with Cointelegraph, Oobit said users could send supported digital assets from self-custody wallets and have funds deposited into bank accounts through networks including the…

Ethereum Foundation Starts Staking ETH, Spotlights Client Diversity

The Ethereum Foundation has begun staking part of its treasury, turning one of Ethereum’s most influential entities into a direct economic participant in network consensus. According to a Tuesday post on X, the foundation deposited 2,016 Ether (ETH) and plans to stake about 70,000 in total, with all rewards flowing back into its treasury to…

Russia Reportedly Investigates Telegram CEO Over Facilitating Terror

Russian authorities have initiated a criminal investigation into Telegram co-founder and CEO Pavel Durov, according to state media reports. Durov is being investigated in Russia as part of a criminal case involving allegations of facilitation of terrorist activities, official state publication Rossiyskaya Gazeta reported on Tuesday, citing the Federal Security Service (FSB). Kremlin spokesman Dmitry…

Bitcoin Dips Under $63K as Market Enters Full Capitulation Phase

Panic selling by short-term holders, combined with the RSI near record lows, suggests that BTC could be transitioning into a full capitulation regime. Bitcoin (BTC) sellers resumed their activity on Tuesday as the BTC price dropped 4% in 24 hours to an intraday low of $62,700. Analysts said that Bitcoin has entered an “excess loss-realization”…

Bitcoin Dips Under $63K as Market Enters Full Capitulation Phase

Panic selling by short-term holders, combined with the RSI near record lows, suggests that BTC could be transitioning into a full capitulation regime. Bitcoin (BTC) sellers resumed their activity on Tuesday as the BTC price dropped 4% in 24 hours to an intraday low of $62,700. Analysts said that Bitcoin has entered an “excess loss-realization”…

RedotPay stablecoin payments firm said to consider $1 billion IPO in New York: Bloomberg

RedotPay, a Hong Kong-based stablecoin payments upstart, plans to raise more than $1 billion in a U.S. initial public offering (IPO) that could value it at over $4 billion. Sources close to the matter told Bloomberg that the company, which achieved unicorn status in September last year, has tapped banking heavyweights such as JPMorgan, Goldman…

Fed is Seeking Feedback on Proposal to Remove Reputation Risk from Banking

The US Federal Reserve is seeking to codify a rule removing “reputation risk” from banking supervision, which some have blamed for a wave of crypto debanking in recent years. The Fed initially began making changes in June last year, announcing that it had directed its supervisors to stop pressuring banks to shut down client accounts…