XRP pushed higher after breaking a months-long descending trendline, with a surge in trading volume confirming renewed momentum above the $1.39 resistance zone. News Background XRP has struggled to sustain rallies through early 2026 as sellers repeatedly defended a descending resistance line formed by lower highs since January. The latest move marks the first decisive…
Pi Network’s PI token led the market higher on Friday, according to CoinGecko data, rising 30% during Asia’s morning hours, after crypto exchange Kraken said it would list the asset. Pi Network is a mobile-first cryptocurrency project that replaces traditional proof-of-work mining with a phone-based trust graph, where users tap a mobile app daily to…
JPMorgan Chase has been sued by investors in Goliath Ventures, with a proposed class action lawsuit alleging the bank ignored “red flags” that the allegedly fraudulent crypto pool raised and helped enable what the complaint describes as a $328 million crypto Ponzi scheme that affected over 2,000 people. Filed in federal court in the Northern…
A committee that advises the U.S. Securities and Exchange Commission recommended the agency move forward on a tokenized-securities policy that would allow traders to cut out the kind of go-between settlement that Wall Street investment firms have relied on for decades. The SEC’s Investor Advisory Committee voted Thursday to recommend narrow exemptions for the blockchain-based innovation…
With fears growing over the economic impact of surging oil costs, U.S. Treasury Secretary Scott Bessent said Thursday evening that the Trump administration is taking steps to promote stability and lower energy prices. “To increase the global reach of existing supply, the U.S. Treasury is providing a temporary authorization to permit countries to purchase Russian…
The European Union’s recently-adopted Markets in Crypto Assets (MiCA) regulations is beginning to reshape the region’s digital-asset industry, creating new opportunities and barriers for firms seeking to operate across the bloc, a Swiss-based crypto wealth platform said. Swissborg, which boasts one million registered users and $1.3 billion in assets under management (AUM), is among the…
A crypto user lost roughly $50 million in a single transaction on Thursday after executing a large token swap that triggered massive slippage. Blockchain data shows that the wallet attempted to swap $50,432,688 aEthUSDT – an interest-bearing token representing Tether’s USDT stablecoin deposited into the Aave decentralized lending protocol on the Ethereum network – for…
Holders of the $TRUMP token will have another opportunity to dine with the U.S. President after the company behind the token announced a “gala luncheon” with Donald Trump set for late next month. The luncheon, scheduled for April 25, comes just under a year after token holders were invited to a previous dinner with Trump….
OP Labs, the main developer firm supporting the Optimism ecosystem, has laid off 20 employees as part of an internal restructuring aimed at sharpening the organization’s strategic focus, according to a message shared by the group’s leadership. In a post on X, CEO of OP Labs Jing Wang said the decision followed internal discussions with…
An initiative to ban the U.S. Federal Reserve from issuing a government-run digital dollar has been approved in an overwhelmingly bipartisan 89-10 vote in the Senate, but it’s tucked inside a housing bill that may run into headwinds in the U.S. House of Representatives. The effort to outlaw a central bank digital currency (CBDC) has…
