U.S. Treasury Secretary Scott Bessent told lawmakers this week that the federal government lacks the legal authority to bail out Bitcoin or direct banks to purchase cryptocurrencies. Summary U.S. Treasury Secretary Scott Bessent said the federal government has no legal authority to bail out Bitcoin or compel banks to buy cryptocurrencies, ruling out taxpayer-funded intervention…
Payy has announced a privacy-enabled Ethereum layer 2 that it claims will make on-chain financial activity effectively “invisible” to the public eye. Summary Payy has launched a privacy-enabled Ethereum layer 2 that makes ERC-20 transfers from wallets like MetaMask private by default. The network functions by routing transactions through private ERC-20 pools. Payy, which operates…
A senior Democratic lawmaker has launched a formal investigation into World Liberty Financial Inc (WLF), demanding information and documents over reported foreign investments and potential links between the crypto company, national security policy, and U.S. competition with China. Summary Democratic lawmakers have asked World Liberty Financial to provide documents and explanations over reported foreign investments,…
Zcash price fell to a three-month low on Thursday as key metrics that supported the token declined. The privacy token now risks a drop towards $200 as it approaches a breakdown from a key ascending trendline that had been serving as critical support. Summary Zcash price fell nearly 40% over the past week. Souring investor…
Bitcoin price has confirmed a bearish inverse cup and handle pattern as institutional demand for the asset waned amidst market uncertainty, and it fell near $70,000. Summary Bitcoin price is down nearly 20% over the past week. Bitcoin ETFs shed $2.9 billion over the past 12 trading days. A bearish inverse cup and handle pattern…
XRP price is testing a critical demand zone near $1.45 as rising on-chain velocity and falling open interest hint at a decisive move ahead. Summary XRP trades near $1.44 after sharp weekly losses, with sellers still dictating short-term direction. On-chain velocity has surged to yearly highs, suggesting heavy re-positioning as price weakens. A firm hold…
Crypto prices today are in the red as forced liquidations and weak demand pushed major tokens lower. Summary Extreme fear dominated sentiment, with the Fear & Greed Index at 12. Analysts see $70,000 as the next key level for Bitcoin. Short-term recovery possible if BTC holds $72,000–$74,000 and spot inflows resume. At press time, total…
Hyperliquid price is rallying against the market tide as institutional adoption and improving chart structure attract fresh buyers. Summary HYPE gained 6% even as Bitcoin dipped below $72,000 and most majors fell. Institutional integrations and token utility developments lifted sentiment. Technical structure shows a confirmed trend shift with momentum favoring buyers. Hyperliquid was trading around…
Crypto wasn’t spared from the tech risk-off mood. Bitcoin slid 2.5% to around $73,000 — its lowest level since early November 2024 — officially giving back the entire post-Trump election rally, no receipt required. Strategy Inc. sank 8% to its weakest level since September, while Solana (SOL) and Ethereum (ETH) joined the selloff, falling about…
XRP price remains in a bear market this week despite some important network news and progress on its permissioned decentralized exchange vote. Summary XRP price has crashed by 57% from its highest level in 2025. The vote for the Permissioned DEX is moving on smoothly and is likely to pass. Technical analysis suggests that it…
