Crypto Turnaround at Fed With Kraken Decision and Possible New Chair

Recent events at the US Federal Reserve signal acceptance of digital assets at the highest levels of the country’s monetary system.  Kraken recently became the first crypto exchange to receive a master account at the Federal Reserve. The Fed could also see a new crypto-friendly chair. US President Donald Trump on Wednesday submitted a pro-Bitcoin…

$74K Bitcoin Local Peak? Traders Divided on Bear Market Continuation

Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price.  Key takeaways: Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible.  Others say the bottom is in and expect…

Solana ETFs Hold Strong Despite 70% Token Price Decline

Exchange-traded funds tied to Solana have held on to their early inflows, despite the token having more than halved in price since the funds were launched, which analysts say indicates institutional resilience. Solana (SOL) is down 57% since Solana ETFs launched in the US in July, but the funds have managed to accumulate $1.5 billion…

Kazakhstan central bank to invest up to $350 million in crypto and digital asset markets

Kazakhstan’s central bank revealed plans to allocate up to $350 million from its gold and foreign exchange reserves to investments linked to cryptocurrencies and digital assets. The bank’s governor, Timur Suleimanov, said the institution is developing a list of acceptable investments, which will extend beyond direct cryptocurrency holdings, according to a Reuters report on Friday….

$74K Bitcoin Local Peak? Traders Divided on Bear Market Continuation

Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price.  Key takeaways: Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible.  Others say the bottom is in and expect…

Dubai Regulator Warns KuCoin Over Unlicensed Crypto Services

Dubai’s digital asset regulator has instructed entities behind crypto exchange KuCoin to halt unlicensed virtual asset activities in the emirate, warning investors that the platform is not authorized to serve Dubai residents. ​In a Thursday investor and marketplace alert, the Virtual Assets Regulatory Authority (VARA) said that Phoenixfin Pte Ltd, MEK Global Limited, Peken Global…

Ethereum Taps $2.2K as Traders Brace for a Potential Trend Change

Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800. Key takeaways: Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand. ETH price support around $2,100 remains key for the bulls to hold. Ether sellers are “losing control” Ether’s…

Altcoin Season ‘Game Is Over’: Matt Hougan

The euphoric altcoin seasons where almost every cryptocurrency rises across the market are probably not coming back, says Bitwise investment chief Matt Hougan. “I think that game is over. I think we’ll see a non-traditional altcoin season,” Hougan said in an interview on Wednesday. “An altcoin season that rewards assets with real-world traction and real-world…

Bitcoin Relief Rally Fades as Bear Market Signals Hold

Bitcoin staged a brief relief rally above $74,000 on Thursday, but it has already petered out as analysts predict a persistent bear market will keep momentum subdued.  “Bitcoin is still in a bear market despite the recent rally,” on-chain analytics company CryptoQuant said on Thursday. The platform’s Bull Score Index, a composite indicator that measures…

OKX is building a social network directly into its trading app after a massive $25 billion valuation

Crypto exchange OKX, which was just valued at $25 billion after a strategic investment from New York Stock Exchange (NYSE) parent Intercontinental Exchange (ICE), is launching a social network built directly into its trading app, the latest example of social media and digital asset platforms converging as traders increasingly rely on online communities for market…