Author: CryptoHoppers
TLDR French lawmakers are set to review a proposal that could ban the digital euro and promote the use of Bitcoin. The motion, led by Éric Ciotti, calls for increased investment in euro stablecoins and crypto-assets. The proposal aims to deviate from the 2022 Basel framework on crypto-exposure regulations. Reports suggest that France could hold 2% of Bitcoin’s total supply, valued at $48 billion. Rassemblement National has proposed using surplus nuclear energy to mine Bitcoin in France. The French government is preparing to review a proposal that could impact the country’s stance on Bitcoin (BTC) and other digital currencies. A…
Summary XRP price is trading around $2.64, consolidating between $2.40 and $2.70 as retail attention favors meme and AI tokens, while larger holders quietly accumulate. A breakout above $2.70 could push XRP toward $3.20–$3.50, supported by institutional interest and declining exchange reserves. If liquidity continues favoring speculative tokens, a drop below $2.30 could lead XRP back to $2.00–$2.10. XRP’s next move depends on market liquidity and investor sentiment, with upside potential if capital rotates back to large-cap utility coins. XRP has been catching its breath lately. While everyone is piling into meme and AI coins, some traders think it’s only…
Coinbase stock remains in a technical bear market after falling by over 20% from the year-to-date high. Will this change after its earnings on Oct. 30? Summary Coinbase stock price has dropped by 20% from its highest point this year. The company will publish its third-quarter results on Thursday. Technical analysis points to a bullish breakout in the near term. Coinbase earnings preview Coinbase, the biggest cryptocurrency exchange in the United States, has remained under intense pressure after publishing its second-quarter results in July. These results showed that its revenue came in at $1.5 billion in Q2, down by 26%…
Key Takeaways $107 million in long positions liquidated within four hours ahead of the FOMC policy announcement. Leverage traders, who use borrowed funds to amplify gains, were heavily impacted by forced closures. Share this article Over $107 million in long positions was wiped out of the crypto markets within four hours as leveraged traders faced forced closures amid turbulent market conditions ahead of the Federal Reserve’s upcoming policy meeting.Uncertainty ahead of the FOMC announcement sent markets swinging, with bullish positions betting on asset gains becoming the primary targets for forced sales during the volatile downturn.Recent market drops have been viewed…
TLDR: Beijing court sentences five for using USDT to transfer over $166M across borders illegally. Illegal foreign exchange using crypto totaled more than RMB 1.182 billion, court documents show. Defendants pleaded guilty and accepted sentences of two to four years and fines. Procuratorate used cross-border data tracing and crypto transaction analysis to secure evidence. Beijing authorities have sentenced five individuals to prison terms ranging from two to four years for using virtual currencies to transfer funds illegally across borders. The defendants converted client-transferred RMB into USDT and moved it overseas, violating China’s foreign exchange laws. The case involved more than…
The digital asset briefly reclaimed $116K early Tuesday morning, after falling as low as $113K overnight. BTC Briefly Rebounds as Equities Hit New Peaks Stock markets were awash in green as several companies blew past analysts’ expectations on Tuesday. The S&P 500 notched another fresh intraday high after companies such as Paypal and UPS posted […] Source link
TLDR: Prenetics closed a $48M oversubscribed funding round led by Dominari Securities to scale IM8’s global growth. Investors include Kraken, Exodus, GPTX by Jihan Wu, and DL Holdings, aligning IM8 with Bitcoin strategy. IM8 reached $100M annual recurring revenue in under a year, projecting $200M by 2026. Prenetics plans to reach $1B revenue and $1B in Bitcoin holdings within five years. A major funding move has reshaped Prenetics’ roadmap. The company secured $48 million through an oversubscribed equity offering, signaling confidence from crypto and institutional investors. Backers include Kraken, Exodus, GPTX by Jihan Wu, and others tied to digital assets…
Key Takeaways Polymarket, a blockchain-based prediction market, is planning a US return focused on sports betting. The firm cleared past probes and secured CFTC-licensed infrastructure through its QCX acquisition. Share this article Polymarket, the blockchain-based prediction market platform, is preparing to reenter the US with a focus on sports betting, Bloomberg reported. Initial trading could start by late November, with limited access during the rollout. The relaunch marks a major comeback for the firm, which paid a $1.4 million CFTC fine in 2022 and moved offshore. Polymarket has since acquired QCX, a company holding CFTC exchange and clearinghouse licenses, after…
TLDR Coinbase has asked the U.S. Treasury to modernize anti-money-laundering rules for digital assets. The company argues that innovation is more effective than stricter enforcement in stopping financial crimes. Coinbase recommends regulatory safe harbors for firms using AI and advanced monitoring tools. The exchange supports the use of decentralized IDs and zero-knowledge proofs for secure customer verification. Coinbase urges the creation of regulatory sandboxes to test new compliance models with government collaboration. Coinbase has urged the U.S. Treasury to revise outdated anti-money-laundering rules. The company submitted a 30-page response recommending technology-driven methods. It believes innovation, not stricter enforcement, is key…
TLDR: SharpLink will allocate $200M in ETH to Linea via EtherFi and EigenCloud to enhance its DeFi-based yield strategy. The ETH deployment uses Anchorage Digital’s custody services for compliance and institutional-grade security. Linea’s zkEVM network offers scalable, Ethereum-aligned infrastructure for SharpLink’s multi-year ETH commitment. The move marks SharpLink’s expansion of its Ethereum treasury into staking, restaking, and institutional DeFi yield. SharpLink is putting serious weight behind Ethereum. The Nasdaq-listed firm plans to deploy $200 million worth of ETH on Linea, a Layer 2 network built by Consensys. The move ties SharpLink’s corporate treasury to a growing institutional DeFi ecosystem that…