Michael Selig, ex‑SEC Crypto Task Force counsel, becomes the 16th CFTC chair as Caroline Pham departs for MoonPay, inheriting crypto pilots and looming DA legislation. Summary Selig, a former SEC Crypto Task Force and PWG advisor, is sworn in as 16th CFTC chair just as Congress prepares digital asset market structure legislation. Pham’s tenure brought…
Bitcoin price has traded below its two-year bull market channel for six weeks, with a 2021-style rounded top and VanEck’s hashrate drop data framing a pivotal retest of resistance. Summary BTC broke below a long-running ascending channel and has since logged three failed reclaims, turning the channel’s lower boundary into stiff resistance. Current price action…
BNB price is eyeing a retest of a key support trendline as it continues to remain in a downtrend. A break below the said pattern could trigger a 15% drop in BNB price ahead. Summary BNB price fell 11% below its December high. Declining transactions and futures activity on the network continue to weigh on…
Monero price slid on heavy selling into nearby support after multiple failed rebounds, with weak bounce volume and neutral RSI leaving room for further volatility in the short term. Summary Intraday selling accelerated from a prior rebound zone, carving lower highs and large red candles as Monero price slipped back toward a nearby support area.…
BlackRock names its spot Bitcoin ETF a top 2025 theme alongside cash-like Treasuries and U.S. blue chips after $25b of inflows, signaling BTC’s place in core portfolios. Summary BlackRock grouped the iShares Bitcoin Trust with a 0–3 month Treasury ETF and a top 20 U.S. stocks ETF as one of three flagship themes for 2025.…
XRP, the cross-border payment token, fell below a key support level after failing to break through resistance at the start of the week, according to market data. Summary XRP price failed to clear resistance and broke below a key support zone, extending its drawdown from July’s all-time high and souring trader sentiment. Santiment data show…
Hong Kong’s insurance regulator drafts first Asian framework letting insurers hold crypto under a 100% risk charge while stablecoins track fiat-based capital rules. Summary Draft rules let Hong Kong insurers invest in crypto with a 100% capital charge, forcing them to reserve full exposure against volatile assets. Stablecoins get separate treatment, with risk charges tied…
The world’s largest corporate holder of Ethereum, Bitmine Immersion Technologies, now holds over 4 million ETH after its latest buy. Summary Bitmine now holds 4,066,062 ETH worth over $12 billion, acquired at an average price of $2,991. Recent acquisitions included a 13,412 ETH purchase on Dec. 22. Bitmine’s ETH holdings represent about 3.37% of the…
Chainlink price has been in a strong downtrend since late August and is now close to confirming a bearish double top pattern. In the meantime, whales have started offloading significant amounts of LINK, which could trigger further downside ahead. Summary Chainlink price has dropped 16% over the past month. Whale selling and a rise in…
El Salvador and the International Monetary Fund have made notable progress in their ongoing negotiations over Bitcoin policy and economic reforms, as the country looks to access a $1.4 billion loan package. Summary El Salvador and the IMF say negotiations over the sale of the state-run Chivo wallet have advanced. The talks are tied to…
