Author: John Smith
XRP traded near $1.11 on June 10 after losing about 4% in 24 hours and more than 10% across seven days. Summary XRP trades near $1.11 as oversold momentum clashes with a broader bearish price structure. Glassnode shows realized losses dominate profits while XRP Ledger fees have fallen more than 91%. Binance reserves fell to 2.69 billion XRP, reducing immediate supply but not confirming recovery alone. The token moved between $1.10 and $1.16 as the wider crypto market remained weak. The price sits about 70% below its July 2025 record of $3.65. Momentum is oversold, but on-chain data shows holders…
Ant International has weighed a $1 billion fundraising round at a valuation of at least $10 billion as the Singapore-based fintech unit posts eight straight quarters of profitability and expands its cross-border payments business. Summary Ant International is considering a $1 billion fundraising round that could value the business at more than $10 billion. The Singapore-based unit generated an estimated $3.7 billion in 2025 revenue and has remained profitable for eight consecutive quarters. Blockchain infrastructure, stablecoin payments, and global payment services have become central to Ant International’s international expansion plans. According to Bloomberg, Ant Group’s overseas arm is in early…
Kalshi has introduced mandatory employer disclosures for certain traders and expanded its market surveillance program after reporting more than 150 investigations, over 100 blocked insider-trading attempts, and 20 law-enforcement referrals during the first quarter of 2026. Summary Kalshi now requires employer disclosures for traders in higher-risk markets and has introduced a new risk scoring system for proposed contracts. The platform said it blocked more than 100 potential insider trades, conducted over 150 investigations, and made 20 law enforcement referrals in Q1 2026. New compliance measures arrive as prediction markets face growing scrutiny from regulators, lawmakers, and federal investigators. According to…
BitGo has opened access to Aave, Spark and Tesseract for eligible institutional clients through its integration with Narval. Summary BitGo lets eligible institutions access Aave, Spark and Tesseract while assets remain in qualified custody. Narval checks transaction details, approved contracts and policy rules before BitGo authorizes wallet signing requests. The launch expands regulated DeFi access as financial firms seek controlled routes into onchain markets. The service connects approved decentralized finance protocols to wallets held within BitGo Bank & Trust’s qualified custody environment. The setup allows institutions to use onchain markets without transferring assets to wallets. BitGo said more protocols will…
A House tax package for digital assets has drawn questions from lawmakers during an early committee hearing. The Ways and Means Committee reviewed bills meant to reduce crypto tax filing burdens. Summary House lawmakers reviewed crypto tax bills meant to reduce filing burdens for digital asset users, investors, and brokers. Democrats raised concerns that proposed mining and staking deferrals could create loopholes or new tax subsidies. The bills remain at the committee hearing stage and would need approval from both chambers before becoming law. Democrats raised concerns about proposed treatment for mining, staking, and small digital asset transactions. Lawmakers question…
Bitcoin’s recent selloff has yet to establish a durable market bottom as institutional demand remains absent and capital continues to leave spot Bitcoin ETFs, according to a new market note from Wintermute. Summary Wintermute says Bitcoin’s recent decline reflects a lack of institutional demand rather than isolated market events. Spot Bitcoin ETFs extended a 13-session outflow streak, shedding roughly $4.37 billion since mid-May. CryptoQuant data suggests capitulation may be approaching, with 50% of Bitcoin supply now sitting at a loss. According to data from crypto.news, Bitcoin (BTC) traded near $61,828 on Tuesday, down 3.18% over the past 24 hours and…
Bitcoin price extended its decline on Tuesday after U.S. President Donald Trump announced a military response against Iran, triggering a broader risk-off move across global markets and adding fresh pressure to an already fragile crypto sector. Summary Bitcoin price fell to an intraday low of $60,892 after Trump ordered a military response against Iran. More than $664 million in crypto positions were liquidated as traders reduced risk exposure. Glassnode says over 8 million BTC are now underwater while ETF outflows and extreme fear continue to weigh on sentiment. According to data from crypto.news, Bitcoin (BTC) price fell to an intraday…
Wirex has joined Visa’s Agentic Ready programme to help test how artificial intelligence agents can initiate and complete payments using stablecoins. Summary Wirex has joined Visa’s Agentic Ready programme to test AI agents making payments using stablecoins. Initial trials will focus on SaaS subscriptions, marketing spend management, and procurement automation. The initiative expands Visa’s ongoing work in stablecoin payments and blockchain-based settlement systems. According to an announcement from Wirex, the company will participate as an issuer in Visa’s new initiative, which is focused on developing payment systems that allow software agents to carry out financial transactions on behalf of users…
Ethereum price has fallen to around $1,630 after losing roughly 4% in the past 24 hours, while fresh technical signals and market-wide liquidations have kept traders focused on the risk of another move toward key support levels. Summary Ethereum price fell about 4% to near $1,630 as crypto liquidations reached $468 million, and Bitcoin dropped below $62,000. Analyst Ted Pillows warned that failure to reclaim $1,700 could trigger a move toward the $1,540 support zone. Technical indicators remain bearish, with ETH trading below Supertrend resistance near $1,850 and testing long-term support around $1,530. According to data from crypto.news, Ethereum (ETH)…
Crypto investment firm Paradigm has urged the U.S. Federal Deposit Insurance Corporation to remove provisions from its proposed stablecoin framework that could restrict third-party firms from offering rewards tied to stablecoins. Summary Paradigm urged the FDIC not to extend the GENIUS Act’s stablecoin yield ban to third-party firms such as exchanges and wallet providers. The firm argued Congress previously rejected proposals that would have broadened restrictions on stablecoin rewards. Paradigm also challenged proposed rules on white-label stablecoins, reporting requirements, tokenized reserves, and resolution procedures. According to a comment letter submitted to the FDIC, Paradigm argued that the agency’s interpretation of…