Author: John Smith
The value of tokenized gold has exploded over the past few months, driven by both adoption and rising macroeconomic risks. Summary Tokenized gold reached an all-time high at $3.6 billion Tether’s XAUT and PAX Gold dominate the tokenized gold market Gold on the blockchain rose 50x in value since 2021 Macroeconomic uncertainty is driving the appeal of tokenized gold With economic uncertainty driving the price of gold higher, the interest in tokenized gold is growing. On Wednesday, November 12, the value of tokenized gold reached an all-time high of $3.6 billion, according to data from Token Terminal. What is more,…
World Liberty Financial has reclaimed the crucial $0.13 high-timeframe support, sparking renewed optimism of a trend reversal. The move — confirmed by an impulsive bullish candle and rising open interest — marks a potential turning point for the Trump family’s crypto venture. Summary WLF reclaims $0.13 support with bullish momentum returning. Open interest increases, signaling renewed investor confidence. A break above $0.18 could trigger a new bullish phase. World Liberty Financial (WLF) price has made an impressive technical move by reclaiming the $0.13 high-timeframe support, a level that previously acted as a major pivot point for the token. This reclaim was…
Astar Network has released a new roadmap as it moves to add more utility and features to its native token. Summary Astar Network, a parachain within the Polkadot ecosystem, has released a fresh roadmap to enhance its native token. The project plans to introduce a fixed supply cap of 10.5 billion ASTR, replacing the inflationary model. Starting next year, the network will shift from its current governance system to a community-led approach. Shared in a November 12 X post, the roadmap outlines Astar Network’s plan to improve its native ASTR token with features that reduce supply, increase cross-chain use, and…
Meteora price is surging 28%, testing $0.50 on elevated volume, with potential to test $0.60, though pullback risk remains high due to overbought conditions and maxed out volatility. Summary Meteora price broke out from a rounded bottom between $0.33–$0.40, now testing $0.50, with potential to retest $0.55–$0.60 if momentum holds. The surge is likely driven by recent listings on Crypto.com and Coinbase Perpetuals. Community discussions are noting that Meteora is generating nearly the same trading fees as Uniswap despite having a market cap just a tenth of its size. Meteora price technical analysis Meteora (MET) price has surged 28% in…
BNB price shaped a falling wedge pattern as it remained in a downtrend since mid-October. Will a breakout from the bearish reversal pattern help it claw back all the losses it racked up since hitting its October high? Summary BNB price is down 30% from its October high this year. A bearish reversal pattern has appeared on the 1-day chart. According to data from crypto.news, BNB (BNB) price was trading at $957.5 at last check on Nov. 12, down 2% in the past 24 hours and 30% below its highest point in October when it hit $1369.85. BNB’s price fell…
Kraken co-CEO Arjun Sethi argues that the U.K’s rules on the promotion of virtual assets is hurting the consumer experience and may deter potential users from investing in crypto. Summary Kraken co-CEO Arjun Sethi criticized the U.K financial regulators’ strict rules on crypto promotion, warning that excessive disclosure could deter user interest from investing in crypto entirely. The exchange ruled out offering tokenized private company shares, with Sethi calling the idea “terrible” and declining to comment on potential IPO plans. According to a report by the Financial Times, Kraken co-CEO Arjun Sethi warned that the U.K financial regulators’ cautious approach…
The crypto market is on a downtrend, weighed down by macroeconomic uncertainty and cautious investor sentiment. The total cryptocurrency market value fell by 2.6% to $3.55 trillion. Bitcoin dropped 2.3% to $103,167, Ethereum slid 4.3% to $3,442, XRP declined 4.9%… Source link
A major crypto merger that could have reshaped the stablecoin market has quietly fallen apart, marking a shift in strategy for one of the industry’s biggest players. Summary Coinbase and BVNK drop $2B acquisition after due diligence. The deal would have boosted Coinbase’s stablecoin strategy. COIN shares dip as investors reassess growth prospects. Coinbase has called off its planned $2 billion acquisition of U.K.-based stablecoin startup BVNK, ending one of the most anticipated deals in the digital payments space. The decision, reported by a Fortune on Nov. 11, comes after weeks of exclusivity discussions and due diligence. Both firms reportedly…
Tether poached two senior executives from a bank that oversees one of the world’s most extensive gold vaults. Summary Tether is doubling down on its gold bet by hiring two of HSBC’s top gold traders HSBC operates one of the largest private gold vaults in the world The stablecoin issuer currently holds more than $12 billion in physical gold As macro uncertainty fuels renewed interest in precious metals, the world’s largest stablecoin issuer is doubling down on its gold bet. On Tuesday, November 11, Tether announced the hiring of two top gold traders from London-based HSBC. HSBC’s global head of…
Bitdeer Technology Group’s week got worse. After the Bitcoin mining company announced a $266 million net loss, its cornerstone investor, Tether, decided to downsize its stake. Summary Bitdeer stock fell sharply Tuesday after Tether trimmed its stake by 7.7 million shares. The sell-off coincided with Bitdeer’s Q3 net loss of $266.7 million, a 422% jump from last year. Tether’s holdings dropped from 38 million to 30.36 million shares, representing an 18% stake. According to a recent filing, Tether has unloaded approximately 7.7 million shares since September, grossing around $166 million and reducing its stake from roughly 23% to 18%. This…