Quick Breakdown Veteran futures trader Peter Brandt warned that Bitcoin ($BTC) could be poised for a significant 35% price drop, potentially sending it to a $58,000 target. Brandt’s analysis, shared on social media, highlighted a “massive broadening top” chart pattern He also cautioned traders against planning to “buy heavily at ...
Read moreDetailsQuick Breakdown White House National Economic Council Director Kevin Hassett has emerged as the frontrunner to replace Jerome Powell Prediction markets Kalshi and Polymarket show the probability of Hassett’s nomination rising, aggregating over $9 million in wagers across the platforms. Hassett, who has a disclosed stake in Coinbase, is seen ...
Read moreDetailsQuick Breakdown Merchants lose ~3% per card transaction to interchange, scheme, acquirer, and processor fees. Stablecoins reduce costs to under 1% while enabling near-instant, cross-border settlements. Blockchain-based payments improve transparency, traceability, and programmable compliance. Merchants continue to lose roughly 3% of each card transaction to hidden fees embedded in ...
Read moreDetailsQuick Breakdown Sony Bank to launch a USD-pegged stablecoin in 2026 for PlayStation, subscriptions, and anime purchases. Partnership with Bastion and Coinbase Ventures ensures regulatory compliance and ready-to-use stablecoin infrastructure. Sony also unveils Soneium, a layer-2 blockchain targeting developers across gaming, entertainment, and finance sectors. Sony Bank, the online ...
Read moreDetailsQuick Breakdown White House AI and Crypto Czar David Sacks denounced a New York Times report regarding his financial ties as a “willful misunderstanding” of his government role. Sacks’ team defended his unpaid Special Government Employee status, arguing he divested millions in assets, costing him personally. The NYT report implied ...
Read moreDetailsQuick Breakdown South Korean lawmakers have agreed on a new consortium model for issuing won-based stablecoins. The government must submit its proposal by December 10 or lawmakers will advance their own version. Additional reforms will tighten security rules and update capital-market regulations. South Korea is accelerating efforts to complete ...
Read moreDetailsQuick Breakdown Nexus Mutual paid $95K in claims after Stream Finance halted withdrawals following a $93M loss. On-chain insurance covered liquidation failures across Beefy, Harvest Finance, Euler, and Treevee vaults. The incident highlights the importance of DeFi coverage and rapid payouts for managing systemic crypto risks. Nexus Mutual, a ...
Read moreDetailsQuick Breakdown Animoca Brands and Rayls partner to advance tokenization of real-world assets (RWAs). NUVA marketplace to distribute Rayls-tokenized assets, enhancing yields, liquidity, and investor access. The partnership aims to drive institutional DeFi adoption using Rayls’ settlement and privacy infrastructure. Animoca Brands has announced a strategic partnership with blockchain ...
Read moreDetailsQuick Breakdown HashKey passes HKEX hearing, moving closer to Hong Kong’s first public crypto listing. The platform supports 80 digital assets and operates HashKey Chain, a Layer 2 infrastructure. IPO proceeds to fund tech upgrades, market expansion, and risk management; major shareholders confirmed. HashKey Holdings Limited has successfully passed ...
Read moreDetailsQuick Breakdown Digital asset ETPs saw US$1.07B in inflows after four weeks of heavy outflows totalling US$5.7B. Bitcoin, Ethereum, and XRP led inflows, with XRP posting a record weekly gain of US$289M. US investors drove nearly US$994M of inflows, reflecting renewed confidence ahead of potential interest rate cuts. Digital ...
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