Bitcoin Risk: Grows as Yen Hits 40-Year Low Against the Dollar
The yen's 40-year low raises carry-trade risks as traders watch USD/JPY, Bank of Japan policy and possible pressure on Bitcoin.
Market narrative
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The yen's 40-year low raises carry-trade risks as traders watch USD/JPY, Bank of Japan policy and possible pressure on Bitcoin.
Crypto
U.S. spot ether ETFs attracted $9.23 million on Monday, while bitcoin funds recorded a third consecutive day of withdrawals. Solana and XRP products also posted modest gains, but HYPE ETFs continued to lose capital. Ether ETFs Add $9.
bStocks' rapid growth highlights the potential for tokenized equities to transform trading, though regulatory challenges could impact future adoption. BNB Chain's bStocks hits $7B in trading volume weeks after launch.
Ethereum (ETH) price has gained 19.6% over the past month. That beat the 5.2% rise in Bitcoin (BTC) and led the 20 largest cryptocurrencies.
Strategy's pause in Bitcoin purchases highlights liquidity management challenges, impacting investor confidence and Bitcoin market dynamics. Strategy pauses Bitcoin buys to shore up cash and rescue its STRC preferred stock.
ERC-8161's introduction could enhance liquidity and flexibility in tokenized asset markets, fostering more dynamic financial ecosystems. Centrifuge co-authors ERC-8161 to make pending vault redemptions transferable.
Solana's DEX dominance signals a shift towards decentralized finance, potentially boosting market confidence and influencing future crypto trends. Solana DEXs surpass major CEXs in weekly spot volume, second only to Binance.
PayPal highlighted growth of stablecoins and AI-driven payment tools in Q2 while reporting $8.68 billion in revenue and an $81 million crypto-related earnings adjustment.
Bitcoin briefly fell below $63,000, driven by a sharp correction in global technology stocks. The rout of chipmakers in Asia, doubts about AI financing, and the threat of a US rate hike triggered a widespread risk-reduction movement.
XRP's 2024-style rally still remains in question despite multiple aligning signals.
Every year, one crypto analyst revisits the same question with updated numbers: how much XRP would someone actually need to hit a specific retirement goal, and how does that number change as price targets shift? Why the Targets Keep Changing The exercise isn't meant to predict exactly where XRP's price will land.
A lawsuit alleges Apple kept a fake bitcoin wallet app on its store after one user reported an $875,000 theft, leading to another user having roughly $840,000 stolen.
"A big move could be just around the corner," Ali Martinez stated.
ADA trades at $0.1566, down 95% from ATH, with Hoskinson calling for strategic change. Here's what the chart says about key support, resistance, and the upcoming hard fork catalyst.
Plus crypto broadly falls following memory stock slide, Coinbase leans into memes with new feature, and the Fomo app sets a new ATH.
Cardano (CRYPTO: ADA) founder Charles Hoskinson on Monday called President Donald Trump “disgusting” but said a Harris administration would have been worse for crypto because Gary Gensler would still be running the SEC. What Hoskinson Actually Said About Trump?
Storj Labs, the company operating a decentralized cloud storage network, has initiated a voluntary Chapter 11 bankruptcy proceeding as part of a planned financial restructuring.
BitMine Immersion Technologies (NYSE: BMNR), a publicly traded firm focused on accumulating cryptocurrency assets for long-term investment, has disclosed that its Ethereum (ETH) position has grown to approximately 5.79 million tokens.
The shared liquidity layer opens to all users on 13 chains, letting one wallet balance stand behind several positions at once.
Fraud Losses: Three customers say a fake Bitcoin wallet app on Apple's App Store stole more than $1.8 million after they entered seed phrases. Safety Claims: The lawsuit argues the fraud succeeded because the company promoted the App Store as a trusted environment while failing to remove fake Sparrow Wallet apps.