Crypto News
Bitcoin Is Like Coiled Spring Nearing Burst of Price Volatility, Key Indicator Suggests
Volatility traders looking to capitalize on significant price swings may soon find opportunities. A key indicator suggests that bitcoin (BTC), currently above $100,000, resembles a coiled spring poised to release energy in either direction.The indicator is the rolling 60-day price range, representing the variation in maximum and minimum price ticks in percentage terms. A tighter range implies stable market conditions characterized by range play and demand-supply equilibrium.Analysis by Glassnode shows that bitcoin's 60-day range is now tighter than the current trading range. Historically, such patterns have presaged volatility explosions."All of these instances have occurred prior to a significant burst of volatility, with the majority being in early bull markets or prior to late-stage capitulations in bear cycles," Glassnode said in...
Dogecoin ETF Registered as Elon Musk’s D.O.G.E Gains Traction
Bitwise has officially submitted a registration filing for a dogecoin exchange-traded fund (ETF) as memecoin demand grows within the market.A "Bitwise Dogecoin ETF" was submitted late Wednesday and appeared on the Department of State's Division of Corporations in the U.S. state of Delaware. Such filings may often be a spoof, but Bitwise confirmed the registration in a message to The Block.https://x.com/EricBalchunas/status/1882202309293433217That came on the back of investment managers Rex Shares and Osprey Funds filing paperwork for several crypto exchange-traded funds (ETFs), including one for dogecoin.An ETF approval by regulatory bodies like the SEC would provide dogecoin with institutional validation, potentially attracting more conservative investors to the memecoin. Increased demand could drive up DOGE prices if the product captures even a...
Russia to Launch Unified Facial Payment System
Russia will have a unified facial payment system by the second half of 2025, aiming to onboard millions as non-card payment systems gain preference. Sber and NSPK, which operates the Mir card payment system, will join forces to establish standards and achieve interoperability. Sber and NPSK Join Forces to Launch Facial Payment System in RussiaSource link
Better Markets Urges Appeals Court to Back SEC in Ripple Case
The non-profit has backed the SEC's appeal against Ripple, seeking to overturn a key district court ruling.Source link
Ethereum Taps Wall Street Veteran Vivek Raman to Drive Institutional Push
Etherealize, backed by Vitalik Buterin and the Ethereum Foundation, aims to make Ethereum the top blockchain for Wall Street.Source link