US Regulator Grants Polymarket Relief on Event Contract Reporting Rules

The US Commodity Futures Trading Commission (CFTC) said it will not pursue enforcement against two entities tied to prediction platform Polymarket. In a Wednesday notice, the CFTC said it had issued a no-action letter “regarding swap data reporting and recordkeeping regulations for event contracts” with QCX LLC and QC Clearing LLC. “The divisions will not…

Solana Open Interest Hits $13B All-time High: Will SOL Price Follow?

Key takeaways: Bullish technicals suggest that SOL price can reach $1,000 if the resistance between $210-$250 is broken. Solana’s open interest has rallied to a record high of $13 billion, signaling high speculative interest.  After dropping to $155 on Aug. 3, Solana’s (SOL) price has recovered over 36% to an intraday high of $210 on…

Bitcoin Reclaims $112K, Altcoins Prepare To Follow

Key points: Bitcoin made a strong comeback, confirming that dip buyers were present at lower levels; higher levels could continue to attract sellers. Select altcoins have bounced off their respective support levels, indicating a positive sentiment. Bitcoin (BTC) rallied to $112,500 on Wednesday, indicating that the bulls are trying to extend the recovery. The relief…

Bitcoin Reclaims $112K, Altcoins Prepare To Follow

Key points: Bitcoin made a strong comeback, confirming that dip buyers were present at lower levels; higher levels could continue to attract sellers. Select altcoins have bounced off their respective support levels, indicating a positive sentiment. Bitcoin (BTC) rallied to $112,500 on Wednesday, indicating that the bulls are trying to extend the recovery. The relief…

Avalanche activity driven by DEXs, trading bots, whale memecoin speculation

Smart contract blockchain Avalanche recorded a consistent surge in blockchain activity, as analysts pointed to growing decentralized trading activities and returning crypto whale speculation on the next emerging memecoin. Avalanche’s transaction growth surpassed all other blockchains the past week, rising 66% to 11.9 million transactions across more than 181,000 active addresses, signaling growing investor mindshare…

Trust Wallet Adds RWA Support On Ethereum

Update (Sept. 3, 1:15 pm UTC): This article has been updated to clarify that Trust Wallet is owned by former Binance CEO Changpeng Zhao, and is no longer owned by Binance following its share sale in 2023.. Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, has integrated tokenized stocks and…

US Second In Crypto Adoption On ETFs, Regulatory Clarity: Chainalysis

Regulatory momentum in Washington and crypto exchange-traded funds have pushed the US up two spots into second place for crypto adoption, according to Chainalysis. The US trailed only India, which maintained the top spot for the third year in a row, and contributed to the Asia Pacific region being crowned the fastest-growing between July 2024…

XRP Price Eyes 77% Rise to $5 Next: Here’s Why

Key takeaways: XRP (XRP) price printed a bull flag pattern on the daily chart, a technical pattern associated with strong bullish momentum following an upward breakout. Is this the start of XRP’s rally to $5? XRP price bull flag targets $5 The daily chart shows XRP trading within a bull flag, with the price facing…

BTC Treads Water, Gold Extends Gain as U.S. Jobs Data Looms: Crypto Daybook Americas

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$108,783.53 rose just 0.6% in the last 24 hours, while the wider market as measured by the CoinDesk 20 (CD20) Index added 0.4%. The gain is overshadowed by gold’s increase and a major government bond sell-off. The precious metal broke through $3,500 per ounce for…

XRP Price Eyes 77% Rise to $5 Next: Here’s Why

Key takeaways: XRP (XRP) price printed a bull flag pattern on the daily chart, a technical pattern associated with strong bullish momentum following an upward breakout. Is this the start of XRP’s rally to $5? XRP price bull flag targets $5 The daily chart shows XRP trading within a bull flag, with the price facing…