A consortium of crypto industry heavyweights, law enforcement agencies, security researchers, and fintech firms has come together to form the Beacon Network — a real-time crypto crime response system that can help freeze illicit funds before they can be laundered or withdrawn. Summary TRM Labs launched Beacon Network with support from crypto industry heavyweights. The…
Rapper Kanye West, now officially known as Ye, has entered the cryptocurrency market with the launch of YZY, a token built on the Solana blockchain. Summary Kanye West launched YZY, a new token on Solana, with an ecosystem including Ye Pay and YZY Card. The token briefly reached a $3.2B market cap before retracing. Analysts…
XRP has retraced into the $2.80 support zone, a level reinforced by the 50-day moving average and value area high. Strong bullish volume suggests the current retest could pave the way for another push toward record highs. Summary $2.80 support aligns with 50-day MA and value area high. Current bounce indicates a bullish retest of…
Brian Quintenz has the backing of nearly every major digital asset trade group in Washington. Their coordinated push for his confirmation as the next CFTC chair is a direct response to whispered opposition and twice-cancelled committee votes. Summary Seven major crypto lobbying groups urged President Trump to push Brian Quintenz’s stalled CFTC chair nomination. The…
Dogecoin price continued to tumble in line with the broader crypto market. Summary Dogecoin price may not surge to $1 as some market participants predict. It has formed the highly bearish rising wedge chart pattern on the daily chart. It has been forming a big head-and-shoulders pattern since 2023 Dogecoin (DOGE), the biggest meme coin,…
One of the top reasons why stocks and the crypto market have plunged this week is the anticipation of the upcoming speech by Jerome Powell at the Jackson Hole Symposium in Wyoming. Summary Jerome Powell will deliver his Jackson Hole Symposium speech on Friday. The speech comes as recent data shows that the US is…
OKB price surged by 15% today, August 20, resuming an uptrend that started last week when OKX announced a massive token burn. Summary OKB price resumed its upward trend and neared its monthly high. It could be at risk of a plunge as the funding rate turns negative. Wyckoff analysis hints that it may move…
Chainlink price has confirmed a bullish weekly structure after reclaiming the 50-day moving average and closing above the value area high. Strong demand signals suggest price may consolidate before a push toward $33.75. Summary Trend: Reclaim of 50-day MA and weekly close above VAH confirm bullish structure (higher highs/higher lows). Support: Retest of $19.28 (VAH…
China is reportedly exploring a yuan-backed stablecoin for the first time, signaling a major pivot in its digital asset approach. Sources say the move aims to strengthen the yuan’s global influence as U.S. dollar-linked stablecoins dominate cross-border trade. Summary China is reportedly considering a yuan-backed stablecoin to challenge U.S. dollar dominance. The move aims to…
VVV price rose for six consecutive days, reaching its highest level since May 12, as whales and smart money buy ahead of the tokenized DIEM launch. Summary Venice Token price jumped to its highest point since May. Whale and smart money accumulation accelerated this week. The developers are launching the tokenized DIEM on Aug. 20….
