Crypto News

Crypto traders bought the dip in several Ethereum staking tokens on Friday, lifting the likes of lido (LDO) and ethena (ENA) up by 14% and 15%, respectively.The gains follows a week-long decline that took place alongside a rapid shift in sentiment, which is typically a signal to buy.Lido and ethena are returning to last week's highs after an early August rally spurred by the U.S. Securities and Exchange Commission's statement that liquid staking protocols aren't securities.The SEC's statement was viewed as bullish for the decentralized finance (DeFi) ecosystem, in particular for Ethereum-based protocols that depend on staking mechanisms to generate a yield.The clarity also opened the floodgates for institutions, with Figment's dominance over other liquid-staking protocols suggesting that institutional inflows...

Crypto-related stocks, like Bitcoin treasuries and exchanges, rose Friday following dovish talk from Federal Reserve Chair Jerome Powell.Source link

Bitcoin (BTC) bounced off the $111,800 support level on Friday, sharply rising by 2.6% to $114,800 after Federal Reserve chairman Jerome Powell hinted at potential rate cuts during a speech at Jackson Hole.The swift move, preceded by a sell-off leading up to the speech, resulted in the liquidation of more than $375 million worth of crypto derivatives positions, according to CoinGlass. The majority of those losses are attributed to traders holding short positions.Ether (ETH) positions were the hardest hit, with $150 million liquidated over the past four hours as the price rose from $4,200 to $4,650, marking a 10% gain.Bitcoin's level of support was critical as it was a record high set in May. The bounce indicates a bullish reversal...

BTC slips on hawkish fed, Jackson Hole today. BTC ETFs hit 5-day losing streak. ETH poised for meteoric growth: JP Morgan. Hayes predicts $20k ETH this cycle. 27% of DATs now trade with mNAV below 1. CFTC launches ‘Crypto Sprint Initiative’. Eric Trump to visit Japan for crypto push. Wont target non-criminal intent crypto devs: DoJ. MetaMask launches mUSD stablecoin. EU accelerates plans for Euro stablecoins. China family offices allocating 5% to crypto: UBS. Japan’s SBI expands into tokenised stock trading. Ripple, SBI to launch RLUSD in Japan. India mulls crypto tax changes. Australia orders Binance audit.Source link

As the crypto market evolves, communication challenges grow sharper. In 2022, the industry was still recovering from the collapse of Terra and FTX, the market sank into a bear cycle, and companies’ main task was survival and preserving community trust. By 2025, the reality has shifted: Bitcoin is once again in the spotlight of globalSource link