Coindesk

Optimism for dogecoin (DOGE) and XRP based exchange-traded funds (ETFs) is rising sharply with crowd sentiment shifting in favor of both tokens, social data from Santiment in a Thursday update shows.Monitoring social commentary can be used alongside technical tools in a trading strategy, as positive chatter tends to support price rises, while negative chatter can fuel bearish trades.Online discussions around XRP are skewed toward bulls with few bearish outlooks, despite an overall drop in social discussions for XRP compared to other majors. The perceived likelihood of a spot XRP ETF approval by the end of 2025 has risen to 85%, up from 65% just two months ago, per Polymarket.Such a boost in confidence comes despite the SEC’s recent decision to...

Bitcoin (BTC) is trading above $97K in Asian morning hours as the market breathes a sigh of relief that the U.S. and China are said to be working on a trade deal, even if the market is also skeptical that a deal will be reached this month."The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue," China state media posted on social media.Dogecoin (DOGE) led gains among majors with a 4% rise in the past 24 hours. Cardano's ADA, xrp (XRP), ether (ETH) and BNB rose between 1-3%, with the broad-based CoinDesk 20 (CD20) rising 2.2%.Movement's MOVE extended losses to 21% as the company confirmed founder Rushi Manche had been suspended...

Movement Labs announced today on X that it had suspended co-founder Rushi Manche.The move to suspend Manche comes as Coinbase delisted the MOVE token, after CoinDesk reported that Movement Labs is investigating how a market maker tied to Web3Port acquired and dumped over 5% of the token’s supply, triggering a price crash.Binance had previously banned the market maker at the center of this, Web3Port, from its platform.The MOVE token is down about 20% on the day, according to CoinDesk market data.Source link

The U.S. Senate may soon vote on legislation that would establish U.S. regulations for the issuers of stablecoins, also marking the first time the chamber has considered a major crypto bill.Senate Majority Leader John Thune, a South Dakota Republican, started the ball rolling to fast-track the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which is the Senate's version of two similar bills rolling through both chambers of Congress. The House of Representatives is expected to follow closely behind on its own voting. Thune's move to expedite the bill is meant to limit delays and floor action in order to get it done more quickly. It's so far unclear precisely when the Senate vote will happen, but an...

The U.S. Treasury Department proposed cutting off the Cambodia-based Huione Group from the U.S. financial system, citing the cyber-crime help the illicit marketplace gives to North Korean hackers and other criminal groups.The Telegram-based operation has been a "critical node for laundering proceeds of cyber heists" and aiding in so-called "pig butchering" scams that typically use fraudulent romantic ties to tap people for crypto assets, according to the Treasury's Financial Crimes Enforcement Network (FinCEN) that proposed severing it from the financial system on Thursday.Huione, which offers personal data and money laundering services, has been said to handle as much as $24 billion of such transactions, according to analytical firm Elliptic. The Cambodian marketplace also launched its own stablecoin earlier this year.“Huione...