BitMEX co-founder Arthur Hayes recently stated that the Japanese banking system is on the brink of a significant crisis, which could lead to another surge in Bitcoin (BTC) and the cryptocurrency market. Hayes believes that Japanese banks, burdened with substantial amounts of underwater U.S. government bonds, will soon require large-scale...

According to Bloomberg, global banking giant Standard Chartered is set to make a significant move into the cryptocurrency market by launching a Bitcoin and Ethereum spot trading desk. This initiative positions Standard Chartered among the first major global banks to directly engage in trading basic crypto assets. The newly established...

Despite a series of favorable developments, Ethereum’s price has continued its downward trend recently. Since losing the $3,800 support level on June 7, Ether has remained under pressure, with its price currently below $3,600. On June 18, Ethereum ecosystem developer Consensys announced that the U.S. Securities and Exchange Commission (SEC)...

For a long time, Binance, the world’s largest cryptocurrency exchange, has faced numerous legal challenges. Following the recent Binance France incident, the company has again come under legal scrutiny, this time in India. According to reports, the Indian Financial Intelligence Unit (FIU) has imposed a $2.25 million fine on Binance...

Cryptocurrency advocate John E. Deaton has highlighted the potential benefits for Bitcoin (BTC) in light of the growing US debt and shrinking GDP. According to a media article in The Washington Post, Deaton outlined projections from the Congressional Budget Office (CBO), which forecast that national debt will surge to $50.7...

Tether, primarily known as the provider of the USDT stablecoin, a cornerstone of the cryptocurrency market, has recently introduced a novel type of stablecoin: aUSD₮. This stablecoin tracks the value of the US dollar while being backed by Tether Gold (XAU₮) tokens. This unique structure aims to combine the stability...

Major cryptocurrencies experienced a significant downturn during the Asian trading session on Tuesday. This decline is attributed to continuous profit-taking and net outflows from Bitcoin exchange-traded funds (ETFs) listed in the U.S. on Monday, which have dampened bullish sentiments. Bitcoin (BTC) has fallen below $66,000, erasing all gains from Monday,...

Just before the anticipated approval of the Ethereum ETF, the U.S. Securities and Exchange Commission (SEC) has brought exciting news to the Ethereum community. According to recent reports, the SEC has informed ConsenSys that it is willing to end its investigation into Ethereum’s status as a security. Following this development,...

After surging past $70,000 in early June, Bitcoin has experienced a sharp correction, now struggling to hold around the $65,000 mark. Many anticipated that the recent rally would break through $73,000 and head towards $85,000, given the strong trading volume and technical indicators suggesting a critical breakout. However, Bitcoin fell...

The cryptocurrency market has experienced significant turmoil over the past day, with most altcoins seeing a sharp decline of more than 5%. This crash in altcoins has led to substantial liquidations in the cryptocurrency derivatives market. Data from CoinGlass reveals that nearly $429 million worth of contracts were liquidated in...