Author: Oscar
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BNB Chain Burns $900M in Tokens, Price Stays Flat
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BNB Chain recently conducted its 31st quarterly token burn, destroying 1.57 million BNB tokens worth $916 million. However, the massive burn failed to significantly impact BNB’s price, reflecting the broader bearish sentiment in the crypto market. 31st Token Burn: $916 Million Destroyed On 16 April, BNB Chain completed its latest token burn as part of…
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Crypto Slips as Nvidia’s $5.5B Blow Sparks Market Jitters
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A sharp decline in Nvidia shares sent shockwaves through global markets late Tuesday, dragging down both equities and cryptocurrencies. A fresh $5.5 billion write-down—linked to a U.S. ban on Nvidia’s H20 chip sales to China—has sparked renewed fears over trade tensions and recession risks, souring investor sentiment across risk assets. Bitcoin Drops After Hitting Two-Week…
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Crypto’s Debanking Dilemma: Regulation Rises, Barriers Remain
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Despite recent policy wins across the US and Australia, the crypto industry continues to grapple with restricted access to traditional banking services. “Debanking” — where banks refuse to serve crypto firms — persists as a major roadblock to growth and legitimacy, raising concerns across major jurisdictions. Progress in the US, But Problems Persist In the…
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XRP Defies Market Crash with $3.5M Inflows Amid Bitcoin Rout
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While the broader crypto market faced a harsh $795 million outflow last week, Ripple’s XRP stood resilient, attracting $3.5 million in inflows. As Bitcoin and Ethereum suffered heavy losses, XRP’s performance signals growing investor confidence, possibly linked to legal optimism and solid fundamentals. Ripple Stands Out Amid $795M Market Outflow The latest CoinShares report shows…
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Solana Surges Past XRP as Market Turns on Short Sellers
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The cryptocurrency market is witnessing a notable shift, with Solana (SOL) outperforming XRP amid a broader recovery. The surge has left short sellers reeling, with Solana leading the charge in liquidations over the past 24 hours. Solana Dominates Liquidations Short traders betting against Solana faced severe losses as the asset rebounded sharply. According to CoinGlass,…
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Bitcoin’s Path to $1.8M by 2035: Analyst’s Bold Prediction
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Despite recent price fluctuations and global trade tensions, Bitcoin remains on track for a monumental rise to $1.8 million by 2035, according to market analyst Joe Burnett. The long-term outlook for the cryptocurrency giant continues to inspire confidence among industry leaders and investors. The $1.8M Forecast: Models and Momentum Joe Burnett, director of market research…
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Japan’s FSA Proposes Two-Tier Crypto Framework
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Japan’s Financial Services Agency (FSA) has unveiled a discussion paper outlining a new regulatory framework for cryptocurrencies. This approach classifies digital assets into two categories, aiming to enhance transparency and better address market complexities. Dual Categorisation of Crypto Assets The FSA’s proposed framework, detailed in the paper titled “Verification of the state of the system…
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Trump Strikes Down IRS Crypto Rule: A Win for DeFi Innovation
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In a landmark moment for the crypto industry, U.S. President Donald Trump has signed a resolution overturning an IRS regulation that targeted decentralized finance (DeFi) platforms. This marks the first successful pro-crypto legislation to clear Congress, signalling a potential shift in U.S. policy towards digital assets. IRS Rule Revoked: What It Means for DeFi The…
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Bitcoin Faces $500M Liquidation: Market Chaos Unfolds
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The cryptocurrency market experienced a turbulent week as Bitcoin’s price plummeted from $83,000 to $74,000. This sharp drop triggered the largest Bitcoin liquidation event of the ongoing bull market, with over 7,500 BTC worth more than $500 million liquidated across major exchanges. Investors are left questioning the market’s stability as analysts urge caution during these…
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Bitcoin 2025: A Powerhouse of Crypto Visionaries in Las Vegas
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Bitcoin 2025, the much-anticipated global crypto event, is set to electrify Las Vegas from May 27-29, bringing together some of the most influential voices in the industry. This year’s event promises to deliver powerful discussions on Bitcoin’s future, featuring high-profile speakers and game-changing insights. David Sacks Joins the Spotlight The inclusion of Crypto Czar David…