Author: CryptoHoppers
Cryptocurrency analyst Benjamin Cowen is warning that altcoins may collapse in their Bitcoin (BTC) pairs any moment now. In a new strategy session, Cowen tells his 900,000 YouTube subscribers that the TOTAL 3 chart, which tracks the market cap of all digital assets excluding Bitcoin, Ethereum (ETH) and stablecoins, remains in a downtrend against the flagship crypto asset and has yet to find a market bottom. “I don’t care how great you think your altcoin community is. I don’t care if your developers that you follow have not yet rugged you. Altcoins, in my opinion, are oscillators at best against…
Mintable is set to launch NFT collectibles as part of its interactive Eco Trail Treasure Hunt ahead of the country’s annual Youth4Climate Festival 2025, as part of the Singapore Sustainability Festival. The Singaporean NFT marketplace is preparing to launch five unique NFTs that visitors can collect by participating in a blockchain-based card game held at City Square Mall on Kitchener Road, Singapore. The Eco Adventure card game will run alongside the Singapore Sustainability Festival, scheduled from June 6 to June 8. During the festival’s run, participants will be able to collect digital badges that they can obtain by scanning eco-friendly…
Key Takeaways Ripple’s RLUSD stablecoin was approved by the DFSA for use in the DIFC. Stablecoin adoption in the UAE is rapidly increasing, with strong interest from businesses for cross-border payments and digital asset solutions. Share this article The Dubai Financial Services Authority, which oversees financial services within the Dubai International Financial Centre (DIFC), has officially accepted Ripple USD (RLUSD), Ripple’s flagship stablecoin, for use within the global financial hub.With this recognition, RLUSD joins a select group of stablecoins that got regulatory legitimacy in both New York, under the New York Department of Financial Services (NYDFS) charter, and Dubai, the…
The total stablecoin market capitalization recently surpassed $250 billion for the first time, signifying their burgeoning trust and adoption.”Crossing $250 billion marks a turning point,” said Hank Huang, CEO at Kronos Research. “Stablecoins are no longer experimental, they’re essential.”According to CoinGecko data, the figure currently stands at $250.3 billion, where $245.5 billion is owned by U.S. dollar-backed stablecoins. Among stablecoins, Tether’s USDT dominated with a market capitalization exceeding $153 billion, ahead of runner-up Circle USDC’s $60.9 billion.Key drivers of the stablecoin market cap are regulatory clarity and DeFi adoption, LVRG Research Director Nick Ruck told The Block. Endorsed by President Donald…
[…] The former CEO of Binance pointed out that current decentralized exchanges have a significant flaw. CZ argued that the transparency of order books exposes traders to front-running and liquidation […] Source link
Key Takeaways Satoshi Nakamoto could become the world’s second wealthiest person if Bitcoin grows by 50% annually. Elon Musk is likely to remain the world’s richest individual even if Satoshi surpasses Buffett and Zuckerberg. Share this article Satoshi Nakamoto, the pseudonymous creator of Bitcoin, could become the world’s second-wealthiest individual if Bitcoin maintains its annual growth rate of 50%, Bloomberg ETF analyst Eric Balchunas has suggested.In a post on X on Monday, the analyst said that Satoshi’s estimated holdings of around 1.1 million BTC, which is worth more than $114 billion at current market prices, could surpass the net worth…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Michael Saylor, co-founder of Strategy, the Bank of England may soon add Bitcoin to its reserves. He made the comment during Bitcoin 2025 in Las Vegas, where Reform UK’s leader, Nigel Farage, spoke about his party’s new plan. Farage said Reform UK wants the Bank of England to hold a “Bitcoin digital reserve.” He also introduced a bill that would cut capital gains tax on crypto from 24% to 10%. Saylor’s View On Bitcoin Reserves Saylor described Bitcoin as the “ultimate form of capital.” He…
Cardano price has slipped in the past few weeks, and the sell-off may continue after it dropped below key support levels and as whales started to capitulate. Cardano (ADA) price dropped for five consecutive days, reaching a low of $0.65, its lowest level since May 8. It has dropped by over 21% from its highest point in May and by 50% from its November 2024 high. On-chain data shows that Cardano’s investors have started to capitulate. According to Santiment, the number of ADA holders has dropped to 4.49 million, down from 4.55 million at the highest point in May. More…
Key Takeaways Meta shareholders cast nearly 5 billion votes against adding Bitcoin to the company’s reserves. The rejected proposal means Meta will not evaluate Bitcoin acquisition policies. Share this article Shareholders of Mark Zuckerberg’s Meta voted down a proposal to assess adding Bitcoin to the company’s treasury during its annual meeting this week.The results, shared by PhoenixNews on Friday, also showed that about 8.9 million shares were abstentions, and nearly 205 million shares were broker non-votes. Meta Platforms Shareholders Vote Against Bitcoin Treasury Assessment Proposal pic.twitter.com/ZeIrUHq2OK — Phoenix » PhoenixNews.io (@PhoenixNewsIO) May 30, 2025The proposal, submitted by investor Ethan Peck,…
Key Takeaways BlackRock’s iShares Bitcoin Trust faced its largest single-day outflow of over $430 million. US-listed spot Bitcoin ETFs collectively experienced $616 million in outflows amid Bitcoin’s price decline. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) saw over $430 million in outflows after markets closed Friday, snapping a week-long inflow streak that had lasted since April 10. It was the ETF’s largest single-day net outflow since launch, according to Farside Investors.IBIT continues to dominate the global Bitcoin ETF market, despite its recent pullback. The fund has brought in around $48 billion in new capital since launch, with assets under…