Author: John Smith
A senior Kremlin adviser wants Russia’s crypto mining classified as an export, arguing tens of thousands of Bitcoins and import payments must be reflected in trade data. Summary Kremlin aide Maxim Oreshkin says mined crypto effectively flows abroad and should be recorded as an export impacting Russia’s balance of payments and FX market. Industry leaders estimate Russian miners produced about 55,000 BTC in 2023 and roughly 35,000 BTC in 2024, with daily income near 1 billion rubles. Russia’s legal mining regime includes registration, tax rates up to 25% for firms, but widespread illegal operations and power theft are costing the…
Brad Garlinghouse says Bitcoin could reach $180,000 by end-2026, citing U.S. regulatory clarity, institutional capital from giants like BlackRock, and real-world crypto adoption. Summary Garlinghouse links a potential $180,000 Bitcoin to U.S. regulatory reform over the next 12–18 months, which he says will unlock sidelined institutional capital. He cites BlackRock, Vanguard, and Fidelity entering Bitcoin as “structural” participation, alongside growth in tokenization, payments, and Web3 infrastructure. Other executives at Binance Blockchain Week voiced bullish views but warned that macro liquidity, adoption, and recent volatility could still cap near-term upside. Ripple CEO Brad Garlinghouse predicted Bitcoin (BTC) could reach $180,000 by…
XRP price is edging towards a key support level as short positioning grows and on-chain activity rises. Summary XRP is under pressure amid negative funding rates and growing short interest. On-chain velocity reaches its highest level this year, indicating active token movement. Technical indicators show weak momentum with resistance near $2.25 to $2.35. XRP traded at $2.13 at press time after slipping 1.3% in the past day, extending a week of steady weakness that pushed it about 3.5% lower. The token is now about 40% below its July high of $3.65. Market activity appears to be cooling, with daily XRP (XRP)…
Binance is once again at the center of a legal dispute following a 2022 incident that led to the loss of significant user funds. Summary Florida’s appeal court has reinstated a lawsuit claiming Binance failed to freeze and recover roughly 1,000 BTC stolen in 2022. The ruling found Binance maintained sufficient U.S. and Florida contacts through affiliates and infrastructure, overturning a lower court’s dismissal. The case returns to trial court, adding pressure on offshore exchanges facing similar negligence and stolen-asset lawsuits. A Florida appeals court has reopened a long-running dispute involving Binance after finding the case deserves another look. According…
Solana Mobile is preparing to launch its SKR token in January, marking the start of a new phase for its open mobile ecosystem. Summary New SKR token launches in January with a model built around staking, rewards, and community security. Seeker phone adoption is rising, with strong activity from builders and early users. The Guardians network aims to decentralize device verification and app review starting in 2026. In a Nov. 3 announcement on X, Solana Mobile introduced SKR as a tool to help users support builders, secure devices, and take part in shaping the mobile platform. At launch, SKR will…
Coinbase Institutional released its monthly outlook report on Wednesday, indicating that conditions may favor a market reversal in December following Bitcoin’s underperformance in November. Summary Bitcoin underperformed in November, falling more than three standard deviations below its 90-day average, while U.S. equities saw milder declines. Market conditions may favor a December reversal, as the end of quantitative tightening and potential Fed rate cuts could unlock sidelined cash into Bitcoin and crypto vehicles. “I am bearish on the Fed and what they continue to do to the value of the dollar,” James Lavish says. “Bitcoin captures this.” The cryptocurrency exchange’s institutional…
Ethereum has officially implemented its Fusaka upgrade, designed to increase the network’s transaction processing capacity while maintaining security and decentralization standards, according to network documentation. ETH co-founder Vitalik Buterin tipped his hat to the developers behind the initiative. Summary Ethereum rolls out Fusaka upgrade to boost transaction processing while keeping security and decentralization intact. Key innovation is EIP-7594 (PeerDAS), allowing nodes to verify block data without downloading everything, improving efficiency. Upgrade supports scaling and DeFi growth, helping Ethereum handle millions of daily transactions and maintain its leading smart contract ecosystem. “Big congrats to the Ethereum researchers and core devs who…
Strategy CEO Fong Lee has a message for anyone still wondering whether the company might one day dump its Bitcoin: relax. That’s basically the last page of the playbook. Summary Strategy CEO Fong Lee reaffirmed the company’s Bitcoin-maximalist playbook. BTC sales would only happen in a worst-case, multi-year meltdown, he says Lee touted the firm’s new perpetual preferred shares as a long-term capital engine, arguing they make Strategy more resilient than spot ETFs. Months after musing on a podcast that Strategy could sell Bitcoin (BTC) to fund dividends if its market value ever fell to parity, the company pulled the…
Solana got a midweek boost after SkyBridge founder Anthony Scaramucci took to CNBC to declare the blockchain a top contender in the race to become the industry standard for tokenized assets. Summary Anthony Scaramucci says Solana is primed to become a global standard for tokenized assets as blockchain rails replace legacy financial plumbing. SkyBridge holds Solana as a core position, with Scaramucci comparing today’s landscape to the early days of cloud computing—where multiple big winners emerged. SOL’s price rebound shows strong support near $120–$125, but bulls still need a breakout above $158 to flip the trend. In classic Scaramucci fashion,…
Aster token price fails to reclaim the $1.10 point of control, triggering a rejection that raises concerns the recent rally was a dead-cat bounce lacking meaningful bullish volume. Summary Failure to reclaim $1.10 confirms strong resistance and bearish momentum. Weak bullish volume undermines the sustainability of the latest rally. Downside continuation toward the $0.92 high-time-frame support appears likely. Aster (ASTER) token price is entering a fragile phase after failing to reclaim the $1.10 point of control, a major resistance zone within its current trading range. The rejection from this level has shifted momentum back in favor of sellers and cast…