Elon Musk’s net worth has exploded, hovering around $1.4 trillion on June 17 and exceeding the market cap of Bitcoin (BTC), the flagship cryptocurrency, worth around $1.3 trillion. The increase in wealth comes as SpaceX (NASDAQ: SPCX) shares have surged around 50% from their initial $135 price on June 12, when Musk became the world’s […]
The recent price uptick in the cryptocurrency market has given some traders, including Andrew Tate, wings. Despite his rather unsuccessful history with futures trading, the British-American social media personality and businessman has opened another major long, according to data shared by Lookonchain. The analysts at the monitoring resource have counted 107 times in which Tate […]
On-chain data in the Bitcoin market has begun to generate signals similar to the lows seen in past cycles. The Sharpe ratio, a key indicator measuring Bitcoin’s risk-return performance, has historically fallen to levels consistent with the end of bear markets. Sharpe ratio According to data from the crypto analytics platform CryptoQuant, the Bitcoin Sharpe […]
India is likely to move toward a more balanced cryptocurrency regulatory framework in the coming years, according to GetBit Founder Abhay Agarwal, who believes the current tax structure was introduced during a period when policymakers were still trying to understand a rapidly evolving industry. Speaking in an interview with Coinpedia, Abhay said the existing 30% […]
$XRP‘s push above $1.25 lasted only a few hours. Sellers showed up near the highs and drove the token back through $1.23 on some of the session’s heaviest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb supply left behind by the recent selloff. News Background […]
The Bittensor token records a daily decline of 7% and is positioned at an approximate price of $268. Capital outflows from centralized trading platforms to self-custody solutions have outperformed inflows in recent weeks. Digital asset management firm Grayscale publicly noted that decentralized projects offer an alternative to centralized firms. This Tuesday, the crypto market gave […]
Saudi Arabia-based Al Arabiya television has published the terms of a 14-point memorandum of understanding reportedly prepared between Iran and the United States. The text reported by Al Arabiya contains more detailed provisions compared to the version shared by the Iran-based Mehr News Agency. According to the first article of the agreement, Iran, the United […]
Summary States need to be given a fair chance to demonstrate that their stablecoin regulatory approach is at the same level as federal supervision, according to a letter from several senators that suggests the Treasury Department didn’t provide a clear enough process for states in its most recent proposals. The $GENIUS Act leaves room for […]
