Fed Sets Out Stablecoin Rules Under GENIUS Act
The Federal Reserve has proposed capital, redemption and other regulatory requirements for stablecoin issuers under its supervision as it moves to implement the GENIUS Act.The GENIUS Act already requires stablecoin issuers to maintain…
Schiff, Ackman, Hayes Can’t Agree Why
Key TakeawaysThe 10-year Treasury closed at 5.18% on Sept. 24, its highest close since July 2007.The MOVE index jumped from 76.2 to 104.6 in a week after the Fed’s Sept. 16 rate hike.Arthur Hayes says a MOVE reading above 130 would force a…
ETH Pulls Back to $2,670 After $2,786 Rejection
TLDR
Ethereum is trading near $2,670 after stalling at about $2,786 below the $2,800 resistance.
About $109 million in ETH positions were liquidated in 24 hours, mostly longs.
BlackRock’s ETH funds bought $1.01 billion in…
Russia’s Largest Exchange Lists XRP Perpetuals, but There Is a Caveat
Key TakeawaysMoex listed XRPUSDF and four sister contracts on Sept. 22, quoted in dollars and cash-settled in rubles.Over 72,000 qualified investors have traded Moex crypto futures, with turnover above $7.17B (RUB 600 billion).Russia’s…
Bitcoin’s $57K bottom – Is the crypto market calling it too early?
Is the market too optimistic when it says Bitcoin may have bottomed?
Technically speaking, BTC is set to close September with its highest wick at a level representing an eight-month high of $87k, rebounding from the July low of $57k.…
Trump Administration Weighs Overseas Stablecoin Push
The Trump administration is reportedly considering an initiative to promote the use of dollar-backed stablecoins overseas as part of an effort to reinforce the US dollar’s position as the world’s reserve currency. Citing people familiar…
Winners And Losers Of SEC’s New Tokenized Stocks Rules
“Tokenization is coming to America,” said Robinhood chief executive Vlad Tenev after the SEC announced its Innovation Exemption last week — and it seems the markets looked kindly on the development.BTC and ETH soared over 10%, and Uniswap’s…
Malicious iOS App FomoPeek Linked to $580K Crypto Theft
A malicious iOS app distributed through Apple’s App Store has been linked to nearly $580,000 in stolen crypto after researchers found it contained multiple kernel exploits capable of escaping Apple’s sandbox and accessing sensitive wallet…
ETH Moves Toward $3,400 as Bitmine Nears 5% of Supply
TLDR
Ethereum rose from a July low near $1,510 to a late-September peak of about $2,777.
Analyst Michael van de Poppe says a break higher could send ETH toward $3,400.
Bitmine now holds 5,983,940 ETH, about 4.9% of Ethereum’s…
The Breakout to $1 Has Begun?
"The DOGE breakout to $1 has begun. It will happen much faster than you think," one popular analyst claimed.
The OG meme coin has been on a tear lately, with its price…