Author: John Smith

U.S. regulators are increasing oversight on digital asset custodians to curb systemic risks, with Fortress Trust being the latest victim. Summary Nevada ordered Fortress Trust to cease operations over solvency risks. The case mirrors the 2023 Prime Trust collapse involving the same founder. Regulators tighten crypto custody rules, raising pressure on small firms. Nevada regulators have ordered crypto custodian Fortress Trust to stop operating after uncovering signs of insolvency and unsafe business practices.  The action was disclosed in an Oct. 24 report by Bloomberg Law, citing a cease-and-desist order issued by the state’s Financial Institutions Division. Regulator flags asset-liability mismatch…

ENDRA has closed a private placement to fund its foray into digital assets, immediately deploying capital into a HYPE token position that forms the cornerstone of its active treasury management. Summary ENDRA Life Sciences launched a digital-asset treasury, acquiring $3M in HYPE tokens. The move followed a $4.9m private placement led by institutional and crypto investors. HYPE token traded near $39.30 at the time of writing, up nearly 10% amid rising institutional interest. According to a press release dated October 23, the Ann Arbor-based medical technology firm finalized a PIPE financing round raising $4.9 million, with institutional and crypto investors…

Zepz, a digital remittances provider behind WorldRemit and Sendwave, has unveiled a new crypto wallet on Solana. Summary WorldRemit and Sendwave operator Zepz launches new digital wallet on Solana. The Sendwave Wallet allows users across the globe access a peer-to-peer money solution with USDC. Zepz plans to expand the solution with support for payment cards and QR codes. Sendwave Wallet will offer access to cross-border payments via stablecoins and target -users across over 100 countries, Zepz said in a press release. According to details, Sendwave will allow users to send, store and spend USDC (USDC) on the Solana (SOL) network.…

In a speech during a Turning Point USA event commemorating Charlie Kirk, political commentator Tucker Carlson claimed he believes the Central Intelligence Agency created Bitcoin. Thus, he reinforced an unpopular theory that has long been circulating in the crypto space. On top of that, Carlson claimed digital currencies are “totalitarian control.” Understandably, the crypto space booed these remarks. Summary During his speech, Tucker Carlson expressed his concerns, claiming that digital assets lack privacy. He thinks the younger generation likes Bitcoin just because they were excluded from other financial opportunities. Carlson said he doesn’t understand Bitcoin and thinks that the lack…

Spark is deploying $100 million into Superstate’s crypto carry fund to capture basis trade yields as returns from its traditional Treasury holdings begin to soften across the market. Summary Spark allocated $100 million from its stablecoin reserves to Superstate’s Crypto Carry Fund. The move comes as U.S. Treasury yields fall to six-month lows. USCC claims to offer a 9.26% 30-day yield through crypto basis trading. According to an announcement on Oct. 23, the DeFi lending protocol Spark has allocated $100 million from its reserves to the Superstate Crypto Carry Fund, or USCC. USCC generates returns through a market-neutral arbitrage strategy,…

After a powerful multi-month rally, gold crashed on Oct. 21. It was the biggest gold price drop in more than a decade, falling from $4,330 to $4,030 in just a few hours. Gold’s market cap dropped by $2.1 trillion in a single day. As this amount is over half of the total crypto market cap, it raises the question of whether digital gold is a more reliable long-term investment than physical gold. Summary On Tuesday, the spot gold price fell 6.3% after reaching an all-time high at $4,381 the previous day. Other precious metals, like silver and platinum, saw a…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. WPA Hash releases a mobile app that lets users manage cloud mining and earn passive crypto income. Summary WPA Hash launches a mobile app that simplifies cloud mining, letting users earn passive crypto income. The new app enables users to manage mining, view earnings, and withdraw assets anytime, anywhere from their phones. With smart algorithms, WPA Hash’s app automates cloud mining, offering potential massive returns without technical expertise. WPA Hash has launched a new app, providing users with the…

Bitcoin price has pulled back from its highest point this year as traders booked profits and trade-related risks persist. Summary Bitcoin price has formed a rising wedge pattern on the weekly chart.  It has also formed a bearish divergence pattern. A mean reversion could push it below $60,000 in the near term. Bitcoin (BTC) was trading at $109,500 today, Oct. 23, down from the year-to-date high of $126,200, erasing billions of dollars in value. A closer look at the weekly chart shows that the coin has formed numerous bearish patterns that may drive it to levels below $60,000. Bitcoin price…

Bonk price shows fading momentum as low-volume trading signals weakening demand, with the price likely to retest lower support near $0.00001054 before any potential recovery. Summary Bonk trades mid-range between $0.00001054 support and $0.0000187 resistance. Declining volume indicates weak demand and bearish pressure. A retest of $0.00001054 could precede a range rebound if demand returns. Bonk’s (BONK) price action has weakened notably over recent sessions, with fading volume and a lack of bullish follow-through suggesting the market is losing momentum. Despite previous attempts to recover, the price action has failed to establish a strong bounce, remaining mid-range between key support…

Summary The forecast for XRP price is still cautiously optimistic as increased demand is fueled by ETF speculation. XRP price prediction is currently a range one, with resistance at $2.50 and $3.00 and solid support around $2.20 and $2.30. The path to $5.00–$5.50 may become accessible with a breakout above $3.50, particularly if institutional demand improves. Ripple’s network expansion, treasury accumulation, and ETF approvals might all be significant positive drivers. Uncertainty in regulations, poor ETF execution, and macro-driven changes in liquidity are examples of downside risks. In the short term, XRP is expected to consolidate between $2.20 and $3.00 prior…