Japan’s first yen-backed stablecoin, JPYC, will officially launch on Monday, Oct. 27. Summary JPYC becomes the first stablecoin fully backed by the Japanese yen and government bonds. Japan’s megabanks plan to issue their own yen-based tokens to drive institutional use. Adoption challenges remain as Japan’s population continues to prefer cash transactions. This marks a major milestone in the…
After the biggest crypto deleveraging event in five years, Tom Lee, chairman of Bitmine Immersion Technologies, says the worst may be over — and a year-end rally could be in sight. The Oct. 10 liquidation, triggered in part by rising U.S.-China trade tensions, erased billions in leveraged positions across digital assets. “That was the biggest…
XRP price continued its strong comeback this weekend as institutional demand for the token and its futures contracts jumped. Summary XRP price has jumped by over 88% from its lowest level this month. The recently launched XRP ETF has gained $100 million in assets. CME XRP futures open interest has continued its strong uptrend this…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Not to sound the doomsday alarm prematurely, but the so-called ‘jobpocalypse’ isn’t a distant threat; the early signs are here right now. It’s no longer just lean startups trimming headcount or ‘restructuring’….
Dogecoin’s price is stuck in a bear market after plunging by over 36% from its year-to-date high, and two emerging patterns point to a strong breakdown as demand wanes. Summary Dogecoin price could be on the verge of a strong bearish breakout. The coin has formed a bearish pennant pattern on the daily chart. It…
Global crypto markets saw a flurry of political and corporate developments last week, underscoring how digital assets continue to intertwine with state policy, finance, and tech. Peruse this week’s edition of the weekly recap for crypto.news’ coverage of who President Trump picked to be the next Commodity Futures Trading Commission’s chair; Kyrgyzstan’s unveiling of a…
HBAR price remains in a deep bear market after plunging by over 42% from its year-to-date high. This crash could continue after Hedera formed a death cross pattern and as a key metric plunged. Summary HBAR price has formed a death cross pattern on the daily chart. The total value locked in Hedera has nosedived…
Mid-tier Bitcoin miners are closing the gap on industry leaders in realized hashrate following the 2024 halving. Summary Mid-tier miners rapidly expanded after the 2024 halving, closing in on top players. Public miners doubled their realized hashrate to 326 EH/s, a one-year record increase. Mining sector debt surged to $12.7B amid heavy investment in rigs…
The crypto market is on the uptrend, with Bitcoin and most altcoins hovering at their highest point in over a week. Bitcoin (BTC) was at $112,866—up 5.3% from $107,088 a week ago—while total market capitalization climbed 14% to $3.73 trillion from this month’s low of $3.24 trillion. Source: CoinGecko Summary Bitcoin and the crypto market…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The crypto industry has failed Bitcoin (BTC). Over $1 trillion sits idle in digital vaults worldwide, which is truly one of the greatest misallocations of capital in modern finance. The industry created…
