Crypto News
Ether Likely Building Energy To Smash Through $3K
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Ether ETH appears poised to surpass the $3,000 mark as it forms an "ascending triangle" pattern on the price chart.The ascending triangle is characterized by horizontal upper-bound resistance or supply point that repeatedly caps gains and an upward-sloping support line.Ether has faced resistance at $2,735 multiple times over the past two weeks, while subsequent reaction lows have been rising. The price action represents an ascending triangle.The higher lows indicate that buying pressure is rising, which is what gives the ascending triangle its bullish nature. In other words, the pattern represents accumulation that usually sets the stage for the next leg of higher prices.An expected breakout from...
Vietnamese Police Arrest Gang Accused of $394M Matrix Chain Scam
The operation to dismantle Matrix Chain saw "many elite officers and soldiers" working around the clock for 200 days.Source link
Jack Dorsey’s Block to Roll out Bitcoin Lightning Payments on Square
Block, Inc. (NYSE: XYZ) announced that it will launch bitcoin payments on its Square platform. By utilizing the Lightning Network, Square’s Point of Sale app will enable merchants to accept bitcoin payments directly through their hardware, facilitating near-instantaneous and low-cost transactions. The rollout is expected to begin in the second half of 2025 and reachSource link
XRP Spot ETF in the U.S. Moves Closer to Reality
The U.S. Securities and Exchange Commission (SEC) has formally initiated a review of the WisdomTree XRP Trust, a proposed spot exchange-traded fund (ETF) that would provide investors with exposure to XRP XRP.Filed by the Cboe BZX Exchange, the application marks the first formal SEC review of a U.S.-based spot XRP ETF. If approved, it would be the first spot XRP ETF in the U.S. — a milestone that could open the door for similar products across other crypto assets.The product would track XRP’s market price via the CME CF Ripple-Dollar Reference Rate, allowing investors to gain XRP exposure through traditional brokerage accounts, bypassing the need for private keys or self-custody.The SEC published its notice under Release No. 34-103124, initiating a...
HTX Research: A Fresh Look at Bitcoin Amidst Macro Changes, Featuring HTX’s New Compliant Stablecoin Offerings
This content is provided by a sponsor. PRESS RELEASE. Singapore, May 28, 2025 – HTX Research, the research arm of HTX, has just released a crucial new report: “The New Macroeconomic Landscape and Bitcoin Outlook: An Analysis of Liquidity, Risk Appetite, Policy Dynamics, and Investment Strategy.“ This comprehensive analysis comes at a pivotal time, asSource link