Ripple (XRP), the fourth-biggest player in he crypto industry, dropped to $2.0340, its lowest level since Nov. 23. It has now plunged by 45% from its highest level this year. Summary XRP price dropped by over 5% on Monday as the crypto market dived. The coin also dropped as bull liquidations soared to over $16…
Crypto prices are crashing today, Dec. 1, as last week’s recovery fades and as investors react to numerous negative headlines from the U.S. Summary The crypto market is crashing today amid key negative headlines. Liquidations soared by 440% on Monday to $781 million. Some potential catalysts may boost prices in the near term. Crypto crashing…
Sony Bank plans a USD-pegged stablecoin for U.S. users via a proposed OCC-chartered crypto trust, drawing ICBA pushback and fresh scrutiny of stablecoins’ impact on banks. Summary Sony Bank aims to issue a 1:1 USD stablecoin for payments in its gaming and anime ecosystems from fiscal 2026, cutting card fees on subscriptions. Its Connectia Trust…
WhiteBIT has launched WhiteBIT US, a licensed New York–based exchange offering spot trading and ramps, with plans to expand services and hiring across all 50 states. Summary WhiteBIT US starts with spot, instant exchange, and on/off-ramps, and plans fiat integration, institutional KYB onboarding, custody, and liquidity products. The U.S. launch aligns with WhiteBIT’s seventh anniversary…
Pi Network price weakens as fading bullish volume puts pressure on key support levels, raising the risk of a correction toward the $0.20 value area low. Summary Bullish volume is fading at the $0.22 point of control. Liquidity under support suggests a sweep toward $0.20. A bounce from $0.20 could trigger a rotation back to…
A BlackRock-linked wallet moved 2,156 BTC (~$2186) to Coinbase Prime, with analysts viewing it as routine ETF liquidity and settlement flow rather than sell pressure. Summary On-chain data shows 2,156 BTC sent from a wallet tied to BlackRock to Coinbase Prime, worth about $200M at current prices. Analysts say such transfers usually support ETF share…
Israel plans stricter stablecoin oversight and pushes ahead with a digital shekel roadmap to secure payments infrastructure while adapting to fast-growing private crypto use. Summary Bank of Israel flags $300B+ stablecoin market and $2T monthly volumes, warning that reliance on Tether and Circle creates systemic risks. Officials want 1:1, highly liquid reserves and stronger regulation…
Japan plans a 20% flat tax on crypto gains in 2026, aligning with stock taxes and aiming to revive trading and attract institutional products. Summary Japan plans to shift crypto from progressive rates up to 55% to a flat 20% levy, split 15% to the central government and 5% to local authorities. Lawmakers expect lower…
Ethereum tests key Fibonacci support within a broader downtrend as RSI and Stochastic RSI flash oversold signals, leaving both rebound and further downside in play. Summary ETH is rejecting a descending trendline and retesting the 0.786 Fibonacci retracement, with lower horizontal supports if this level fails. Sideways action since early 2024 means a break of…
Crypto users can trim tax bills by deducting eligible fees, tools, and operating costs, strategically harvesting losses, and using long-term holds and donations to reduce taxable gains, subject to jurisdiction rules and documentation requirements. Summary Individual traders may deduct trading, gas, and transfer fees plus costs for tax and portfolio software, professional advice, and security…
