What Happened In Crypto Today

Today in crypto, the NFT market cap dropped 12% to $8.1 billion as Ether’s price took a tumble, Thailand will allow tourists to use crypto for payments, and the Qubic community voted to target Dogecoin after a recent 51% attack on Monero. NFT market cap drops by $1.2 billion as Ether rally loses steam The…

Circle (CRCL) Acquires Malachite to Power Its Upcoming Blockchain Arc

Stablecoin issuer Circle (CRCL) has acquired Malachite, the consensus engine that is set to underpin payments-focused blockchain Arc, from software development firm Informal Systems, according to a Monday press release. Several people from Informal Systems will join Circle as part of the acquisition. The firms didn’t reveal details about pricing. The deal comes as Circle,…

Bitcoin Market Rebound May Spark Altcoin Rally

Key points: Bitcoin is showing a negative divergence on the charts, signaling a weakening in bullish momentum. Buyers need to maintain Ether above $4,094 to retain the upper hand. Bitcoin (BTC) extended its pullback on Monday, suggesting profit booking by short-term traders. Analyst Captain Faibik said in a post on X that BTC could drop…

Ether Sets Key $4,475 Weekly Close as Analysts Are Watching These Price Levels

Key takeaways: ETH price hit a 4-year high weekly close at $4,475, driven by ETF inflows and high network activity. A key support zone for Ether sits between support at $4,000 and $4,150.  Ether (ETH) price hit another milestone this cycle after the ETH/USD trading pair achieved its highest weekly close since November 2021.  ETH/USD…

Solo Bitcoin Miner Wins $371K Reward After Mining Block 910,440

A solo miner successfully mined a Bitcoin block on Sunday, collecting a 3.137 BTC payout, worth about $371,000 at the time. The miner operated through the Solo CK pool, a service for solo miners. They mined block 910,440 and collected the standard 3.125 BTC and about 0.012 BTC in transaction fees. The block included 4,913…

The Real Tokenization Revolution Is In Private Markets, Not Public Stocks

Opinion by: Alex Svanevik, CEO of Nansen Since tokenization first gained mainstream attention during the 2017 initial coin offering boom and early blockchain projects aimed at digitizing assets such as equities and commodities, it has been crypto’s go-to pitch for modernizing finance.  For many, however, the conversation stops at tokenizing public equities, putting existing stocks…

ETH Trader turns $125K into $43M, locks in $7M after market downturn

A cryptocurrency investor turned a $125,000 stake into a multimillion-dollar profit trading Ether on a decentralized exchange, even as whales began locking in gains after the recent rally. The savvy trader turned an initial investment of $125,000 into over $43 million at its peak in just four months before the latest market downturn hit his…

South Korea to Unveil Won Stablecoin Bill in October

South Korea is reportedly preparing to introduce a regulatory framework for a won-backed stablecoin, with its financial regulator set to introduce a government bill in October. On Monday, South Korean news portal MoneyToday reported that the Financial Services Commission (FSC) will unveil the bill as part of a second phase of the nation’s Virtual Asset…

XRP Price Bears Target $2.24 After Key Trendline Snaps

Key takeaways XRP price must reclaim $3 support to avoid a deeper correction to $2.24. Spot taker CVD remains negative, suggesting waning demand. XRP (XRP) showed weakness on Monday, down 5% over the last 24 hours, and trading at $2.97. Multiple technical and onchain indicators suggested that the second-biggest altcoin must reclaim $3 support to…

Bitcoin price rising wedge breakdown: How low can BTC go?

Multiple technical indicators and recent whale activity raise Bitcoin’s odds of declining below $100,00 in coming weeks. Source link