Crypto News
South Korea Flags Upbit and Bithumb’s Crypto Lending, Margin Trading Services
Tighter rules may push users offshore, weakening oversight and exposing them to higher risks, Decrypt was told.Source link
XTZ Price Struggles at $0.83 Despite Strong Bullish Trend Classification
Tezos trades at $0.83 with mixed signals as XTZ RSI sits neutral at 56.75 while technical indicators show conflicting momentum despite overall bullish classification. (Read More)Source link
Bitcoin Rebounds From Crash Following Fed Decision; $431 Million Liquidated
Bitcoin rebounded from a “flash crash” on July 30, trading above $118,900 before dropping to below $118,700. The crash followed the U.S. Federal Reserve’s decision to maintain interest rates, causing BTC to plummet from around $118,600 to a low of $115,784. Flash Crash Triggers Significant Liquidations Bitcoin ( BTC) recovered from a late July 30Source link
LayerZero (ZRO) Price Struggles Despite Multiple Protocol Integrations
ZRO price trades at $1.87 (+2.13%) while technical indicators show mixed signals. Recent partnerships fail to lift token above key resistance levels. (Read More)Source link
The Ether Machine Kicks Off $463M ETH Treasury Strategy With $57M Purchase
The Ether Machine, a crypto infrastructure firm preparing to go public via a merger with SPAC sponsor Dynamix, said it executed its first major ether (ETH) purchase, acquiring nearly 15,000 ETH for $56.9 million.The transaction, at an average price of $3,809.97, marks the start of the company’s treasury deployment strategy, which includes plans to accumulate over 334,000 ETH. The Ether Machine has some $407 million remaining for ETH purchases, bringing its total committed and acquired exposure to the second-largest cryptocurrency to roughly $463 million.The timing of the announcement coincides with the 10th anniversary of Ethereum’s launch — a symbolic alignment with the project’s core mission to build institutional-grade, yield-generating ETH infrastructure.The purchase was executed through The Ether Reserve LLC, a...