ETH Corporate Treasury Building Boosts Ether Price

Key point: BitMine Immersion Technologies and Bit Digital recently announced plans to make Ether (ETH) a part of their treasury strategy. Additionally, sports betting company SharpLink Gaming boosted its Ether holdings to 188,000 Ether after the latest purchase of 12,207 Ether in the week ending June 20. The stock prices of all three firms rose…

XRP Bullish Pattern And Bank License Trigger Rally

Key point: Ripple Labs CEO Brad Garlinghouse said in a post on X that the company “is applying for a national bank charter” from the Office of the Comptroller of the Currency (OCC).  Garlinghouse added that the firm would come under federal and state oversight if the license is approved. That would create a “new…

What Happened In Crypto Today

Today in crypto, a new US Senate bill aims to overhaul crypto taxation. Over 40 fake Firefox extensions mimicking popular wallets are being used in an ongoing credential-theft campaign, and Ripple is seeking a national bank charter in the United States. US Senator Cynthia Lummis drafts standalone crypto tax bill US Senator Cynthia Lummis submitted…

Bitcoin Faces Resistance as Bearish Divergences Emerge

Key takeaways: Bitcoin shows bearish divergences on multiple time frames, signaling weak bullish momentum and a potential pullback. Some traders anticipate a rally above $112,000, but increasing sell pressure and liquidity sweeps suggest the breakouts are traps. Bitcoin (BTC) price rallied to $110,500 on Thursday, but the cryptocurrency is encountering a ceiling as multiple bearish…

Amber International Raises $25.5M to Expand $100M Crypto Reserve Strategy

Amber International Holding (AMBR), a crypto trading firm Amber Group subsidiary, said it raised $25.5 million in a private placement to expand its $100 million Crypto Ecosystem Reserve, a fund designed to support strategic growth across blockchain networks. The raise, announced Thursday, was priced at $10.45 per share, which is a 5% discount to the…

Bitcoin Faces Resistance as Bearish Divergences Emerge

Key takeaways: Bitcoin shows bearish divergences on multiple time frames, signaling weak bullish momentum and a potential pullback. Some traders anticipate a rally above $112,000, but increasing sell pressure and liquidity sweeps suggest the breakouts are traps. Bitcoin (BTC) price rallied to $110,500 on Thursday, but the cryptocurrency is encountering a ceiling as multiple bearish…

US GENIUS Act May Undermine Dollar, Disrupt Global Payments

European asset manager Amundi believes that the US GENIUS Act could trigger a surge in dollar-backed stablecoins, potentially causing unintended consequences for the global payment system, and even threatening the long-term dominance of the greenback itself. “It could be genius, or it could be evil, said Vincent Mortier, Amundi’s chief investment officer, in a recent…

ETH Rally to $3.2K Unlikely Based On Data

Key takeaways: ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders.  Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees. The Solana ETF launch undermined ETH’s altcoin leadership and reduced the odds of a rally above $3,200. Ether (ETH) gained 9% between…

XRP Bullish Pattern And Bank License Trigger Rally

Key point: Ripple Labs CEO Brad Garlinghouse said in a post on X that the company “is applying for a national bank charter” from the Office of the Comptroller of the Currency (OCC).  Garlinghouse added that the firm would come under federal and state oversight if the license is approved. That would create a “new…

Tornado Cash Co-Founder Keeps Testimony Plans Unclear Ahead of Trial

Roman Storm, one of the co-founders and developers behind the cryptocurrency mixing service Tornado Cash, appeared in a video interview as his US criminal trial is expected to begin in less than two weeks. In an interview released Wednesday by Crypto In America, Storm said his legal team intended to address at trial the allegations…