Author: John Smith

The crypto market continued its recovery as Bitcoin approached an 8-year resistance level, potentially triggering a strong surge and fear of missing out among investors.  Bitcoin (BTC) rose above the important resistance level at $110,000 for the first time in days. Other top-performing altcoins were Axelar (AXL), AAVE (AAVE), Uniswap (UNI), and Pepe (PEPE).  Axelar’s price jumped to a high of $0.6317, its highest point since January and 110% above its lowest level this year. Similarly, AAVE surged to $315, up 178% from its April low, while Uniswap and Pepe gained more than 10%. Bitcoin price to break 8-year resistance…

Mortgage-backed securities massively contributed to the 2008 financial crisis. According to some observers, Bitcoin, created as a response to this crisis, started to resemble MBS as a large part of the Bitcoin market is now represented by “paper” Bitcoin or sophisticated Bitcoin derivatives. How accurate is that? Should we get ready for another fundamental shakeout? Crisis of 2008 The 2008 financial crisis was a product of several simultaneous misfortunes and disproportions. One of the factors that made it possible was the development of extremely complex trading instruments. Securitization is the term that describes the contractual debt-based pools of money related…

Communications platform VERA is leveraging blockchain technologies to bring verified identities to B2B messaging. Business communication is facing significant security challenges, with impersonators running rampant. For this reason, on Tuesday, June 10, South Africa-based B2B communications platform VERA announced plans for a secure messaging platform powered by blockchain technology. The platform, initially focused on South Africa, will allow business users to verify their identities, helping companies avoid scammers, who send an estimated 3.4 billion fraudulent emails daily. Identity verification will be handled by the credentials service cheqd. “At VERA, we believe secure communication should also be verifiable. cheqd’s infrastructure allows…

Circle’s explosive IPO has set a new benchmark for crypto equity listings, but the real story may lie in what comes next.  According to the latest Bybit Crypto Insights Report shared with crypto.news, Wall Street not only misjudged Circle’s value, but may now be playing catch-up as more crypto firms prepare to go public. The report dissects the details behind Circle’s debut on the NYSE under ticker CRCL, which saw its stock surge from $31 to $107 in the first week. Bybit analysts argue that this breakout was more than investor enthusiasm—it was a sign that traditional valuation models are…

The UK’s Financial Conduct Authority has appointed Sarah Pritchard as its new deputy chief executive, a move that reflects the regulator’s expanding responsibilities across digital finance and international policy. The announcement marks the formal establishment of the deputy CEO role as the FCA assumes a broader mandate, encompassing oversight of stablecoins, crypto firms, and Buy Now Pay Later products. Pritchard, who joined the FCA in 2021, will retain her existing duties, including leadership on consumer protection and competition, while stepping up to support Chief Executive Nikhil Rathi in managing the FCA’s day-to-day operations, according to a release on the matter.…

Sigil Fund is betting on stablecoins and says Circle is the only investment on the market that enables it to do so. Stablecoins are becoming mainstream, according to Sigil Fund, an early backer of Circle. On Tuesday, June 10, Sigil Fund shared details of its investment in the USDC stablecoin issuer. The financial firm told investors it had already achieved a 4x return on its $5 billion pre-initial public offering investment. “Sigil Core invested in Circle in July 2024, well before its public debut. On IPO day alone, this position delivered a +9% gain to the fund’s NAV — and…

Ethereum remains trapped in a month-long high time frame range. As volume declines and volatility builds, traders are watching closely for a confirmed breakout that could define ETH’s next big move. Ethereum (ETH) continues to consolidate between two major high time frame levels, with support holding at $2,400 and resistance capping price near $2,800. Since mid-May, price action has remained stuck within this range, creating a critical zone where accumulation or distribution may be taking place. With volume drying up, the market awaits a decisive breakout to determine Ethereum’s next direction. Key technical points High Time Frame Range: ETH is…

Bitcoin price could be on the cusp of a strong bullish breakout, potentially reaching $143,000 after forming a cup-and-handle pattern, as market participants anticipate a supply squeeze. Bitcoin (BTC) was trading at $109,860 on Tuesday, up nearly 10% from its lowest point this month and 50% above its April low. Santiment data indicates that Bitcoin could face a supply squeeze as demand rises. The supply of Bitcoin on exchanges has dropped to 1.18 million, its lowest level since December 2017. This supply peaked at 3.25 million in March 2020 and has been in freefall since. The decline has accelerated this…

Forex trading in the United States is subject to strict oversight by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), ensuring transparency and protecting traders. Regulations include a $20 million capital requirement for brokers, leverage caps at 50:1 for major currency pairs and 20:1 for non-major pairs, and mandatory non-dealing desk execution to prevent price manipulation. Traders must choose platforms that balance regulatory compliance, robust tools, and cost-effectiveness to suit their strategies, whether scalping, swing trading, or long-term investing. In this article, we will discuss the best forex trading platforms in the United States, with all…

As scrutiny mounts over the role of crypto foundations, a16z crypto says it’s time to move on and build with better tools. Crypto venture giant a16z crypto thinks it’s time to move on from big, centralized crypto foundations and let communities take the lead instead, as they roll out a new framework aimed at helping protocols govern themselves from day one. In a new blog post, a16z crypto head of policy & general counsel Miles Jennings said it’s “time for the crypto industry to move on” from the non-profit structures that have long underpinned blockchain development. While these foundations once…