Author: John Smith
Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin pegged 1:1 to the USD, with an initial issuance of $50 million, according to PR shared with crypto.news. Summary USDKG is pegged 1:1 to the U.S. dollar and fully backed by gold reserves. State-owned issuer aims to expand reserves to $500 million and later $2 billion. The project marks Central Asia’s first state-supervised, gold-backed digital currency. USDKG is built on the Tron blockchain and audited by ConsenSys Diligence, with future support planned for Ethereum. Tokens are issued by a state-owned company under the Ministry of Finance, OJSC Virtual Asset Issuer. However, it’s…
Bitcoin reclaimed the $91,000 zone after a 30% drawdown, with analysts divided over whether current consolidation signals recovery or a deeper bear phase. Summary Bitcoin bounced back above $91,000 after an eight‑month low, reclaiming a zone that flipped from support to resistance during Trump’s recent tariff talks. Bullish analysts highlight consolidation above key ranges and improving 4h momentum signals, while warning that a drop below nearby support risks new lows. Bearish views argue this post‑ATH drawdown marks the start of a multi‑year bear market, especially threatening overleveraged investors despite short‑term relief. Bitcoin recaptured the $91,000 level following a decline of…
Kaspa price is showing signs of a full bullish reversal from its long downtrend after it broke out of a key descending trendline that has kept its price in check for months. Summary Kaspa price has climbed 40% in the past week. Whales have bought the recent dip in KAS token. Multiple bullish reversal patterns have been confirmed on the daily chart. Kaspa (KAS) has rallied over 40% in the past seven days to an intraday high of $0.061 on Thursday, Nov. 27, its highest level since mid‑October. Trading at $0.059 at press time, the PoW cryptocurrency still sits 48%…
Solana price is holding a key multi-month support zone around $143 after weeks of decline, with neutral momentum and analysts watching for either a relief bounce or a breakdown toward lower supports. Summary Solana price rebounded from a multi-year demand band where buyers have repeatedly defended price, but it still trades below key moving averages and a major volume node. Analyst DaanCrypto argues the downtrend may be nearing exhaustion, highlighting current support as a major high-timeframe level and mapping nearby resistance and liquidity pockets as first upside targets. Technical analysts say holding $143 opens a path toward higher resistance zones,…
Singapore-based trading firm QCP has boosted headcount by 50% to 157, opened offices in five cities, and secured key licenses in Singapore and Abu Dhabi to scale regulated 24/7 institutional crypto trading. QCP has grown its workforce by 50% year-over-year to 157 employees and expanded its Singapore HQ at Prudential Tower. The firm opened new offices in New York, Abu Dhabi, Kuala Lumpur, Ho Chi Minh City, and broadened coverage in London. QCP secured a Major Payment Institution license from MAS and a Financial Services Permission from ADGM, enabling regulated spot, derivatives, and structured products for institutional clients like Nasdaq…
Crypto prices today saw modest gains in what the market views as the start of a recovery from November’s sharp pullback. Summary The crypto market is showing recovery, with Bitcoin above $90,000 and major altcoins gaining. Fed rate cut expectations, a technical reset, and global trade optimism lifted investor confidence. On-chain metrics indicate potential stabilization, with whales accumulating and leverage declining. The total crypto market capitalization rose 3.6% to $3.2 trillion, supported by gains across major assets. At press time, Bitcoin traded at $91,404, up 4.6% in the past 24 hours. BNB reached $895, up 3.6%, XRP traded at $2.20,…
Securitize has received full approval from the European Union to operate a regulated tokenized trading and settlement system. Summary Securitize received EU-wide approval on Nov. 26 to operate a tokenized trading and settlement system under the DLT Pilot Regime. The licensed platform will run on Avalanche and connect directly with Securitize’s U.S. infrastructure. First regulated tokenized issuances are planned for early 2026 as institutional activity on Avalanche accelerates. The company is now among the first firms permitted to operate a blockchain-based market infrastructure under the EU’s DLT Pilot Regime. The authorization, issued by Spain’s CNMV on Nov. 26, gives the…
Ethereum tried to break through a key resistance level this week, only to be politely shown the door once more. Summary ETH has fallen by over 26% in November. Large holders increased positions while smaller traders trimmed theirs, showing diverging strategies amid market uncertainty. Whether the Fusaka network upgrade on December 3 propels the asset upward remains to be seen. At last check, the asset is down over 26% for the month. See below. Source: CoinGecko The cryptocurrency flirted with its upper trading band, buoyed by fresh flows into Ethereum ETFs and some whale wallet shuffling, but the price couldn’t…
Strategy is reassuring investors that its towering Bitcoin stash still dwarfs its debt—even as its stock price keeps falling faster than a hardware wallet dropped off a balcony. Summary Strategy says its Bitcoin holdings far exceed its debt, claiming a 5.9x asset-to-liability ratio at its average purchase price and a 2.0x ratio even in a severe crash. The firm’s stock has slumped, leading to its removal from the S&P 500. IStrategy’s market valuation is below the value of its own BTC holdings for the first time in five years. Michael Saylor’s company said its Bitcoin holdings would be worth nearly…
Ready for altcoin season? Don’t hold your breath, analysts warn. Summary Bitcoin and major altcoins are gaining ground, suggesting a potential recovery Still, the market sentiment is likely still too weak for a real altcoin season As investors look for signs of a renewed risk-on phase in crypto, market structure continues to favor caution over speculation. However, according to several analysts, the worst has passed, although markets are not yet ready for a full rebound and an altcoin season. Gabe Selby, Head of Research at CF Benchmarks, highlighted nearly $4 billion in ETF outflows since October 10. The outflows have…