Bitcoin Capped At $116K As Traders Cut Risk Ahead of FOMC, China Deal

Key points:  Bitcoin traders’ ability to overcome price resistance at $116,000 could hinge on Wednesday’s Fed decision on interest rates and this week’s US-China trade summit.  Pro traders are distributing into BTC price rallies while retail-sized investors are buying the dips in spot, and also being liquidated in futures.  Bitcoin (BTC) price continues to show…

Western Union Chooses Solana Blockchain for Stablecoin

Financial services company Western Union has said its forthcoming stablecoin settlement system will use the Solana blockchain. Announced during the company’s third-quarter earnings call last week, the stablecoin system will consist of the US Dollar Payment Token (USDPT) and the Digital Asset Network, which will be built in partnership with Anchorage Digital Bank, Western Union…

SUI Slides 3.4% as $2.60 Support Snaps on 180% Volume Surge

SUI slipped 3.4% over the past 24 hours, dropping from $2.62 to $2.53 after a late-day breakdown accelerated on sharp volume spikes, signaling likely institutional selling. The drop shattered the $2.60 support level, a key threshold traders had been watching throughout the session, CoinDesk Analytics found. The breakdown kicked off when volume surged past 25.4…

Bitcoin Capped At $116K As Traders Cut Risk Ahead of FOMC, China Deal

Key points:  Bitcoin traders’ ability to overcome price resistance at $116,000 could hinge on Wednesday’s Fed decision on interest rates and this week’s US-China trade summit.  Pro traders are distributing into BTC price rallies while retail-sized investors are buying the dips in spot, and also being liquidated in futures.  Bitcoin (BTC) price continues to show…

‘No BlackRock, No Party’ For Bitcoin, Altcoin ETF Investments

The long-awaited approval of altcoin exchange-traded funds (ETFs) may not bring the massive inflows investors expect without participation from asset management giant BlackRock, according to market data. BlackRock’s iShares Bitcoin Trust ETF received $28.1 billion in investments in 2025, as the only fund with positive year-to-date (YTD) inflows, pushing total spot Bitcoin ETF inflows to…

SharpLink to deploy $200M in ETH on Consensys’ Linea for onchain yield

SharpLink Gaming has announced plans to deploy $200 million worth of Ether (ETH) from its corporate treasury onto Consensys’ Linea network. The company said the multi-year initiative will use Linea’s zkEVM layer-2 infrastructure to generate onchain yield and increase the efficiency of its ETH holdings. According to Tuesday’s press release, the strategy aims to capture…

30% YoY Increase in Crypto Reporting

The Norwegian Tax Administration said that more people declared cryptocurrency holdings in 2024 compared to the previous year, following efforts to increase reporting.  In a Tuesday notice, Norway’s tax authority said more than 73,000 people in the country reported owning some form of cryptocurrency in their 2024 returns. The numbers marked about a 30% increase…

Bitcoin Gives Traders a Wild Ride Into FOMC

Key points: Bitcoin reaches $116,000 again as volatility ramps up into the US trading session. Traders diverge on short-term BTC price action, with targets including $117,000 before Wednesday’s Federal Reserve interest-rates decision. The latest CME futures gap gains popularity as a downside target. Bitcoin (BTC) passed $116,000 after Tuesday’s Wall Street open as crypto refused…

Bitwise Solana Staking ETF Launches with $223M Inflows

Investor appetite for staking-focused exchange-traded funds (ETFs) in the United States appears strong, with Bitwise’s new Solana product seeing substantial inflows on its first day of trading. The Bitwise Solana Staking ETF (BSOL), which began trading on Tuesday, has already attracted roughly $222.8 million in assets, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas….

French Gov’t Set to Review Motion to ‘Embrace Bitcoin and Cryptocurrencies’

Lawmakers in France are set to review a proposal that could have significant implications for the country’s adoption of digital currencies, from stablecoins to Bitcoin (BTC). In a motion for a resolution introduced on Wednesday, Éric Ciotti of the Union of the Right for the Republic led a proposal for France’s national assembly to ban…