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By Ben Glickman and Vicky Ge HuangCantor Fitzgerald, the former firm of Commerce Secretary Howard Lutnick, has long been an afterthought on Wall Street. Now it is having its best year ever.The investment bank and financial-services firm chugged along for years without much notice, specializing in bo…
The SEC has just issued its second “no-action letter” toward a decentralized physical infrastructure network (DePIN) crypto project in recent months, giving its native token “regulatory cover” from enforcement.The no-action letter was sent to the Solana DePIN project Fuse, which issues a network tok…
Bitcoin (BTC) held above $86,000 on Monday after recovering steadily over the weekend from Friday’s flush to $80,600, its lowest price since April. The rebound came as traditional markets opened the week on a cautious footing, with the US Dollar Index (DXY) steady above 100, hovering near a six-mont…
By Adriano MarcheseSoulpower Acquisition has agreed to merge with SWB to launch Soul World Bank, a new global bank that also issues digital currency.Soulpower, a financials-focused special-purpose acquisition company, said Monday that it entered into a definitive business-combination agreement for a…
By Joseph AdinolfiThe pioneering crypto has been a leading indicator for the stock market lately. Does that mean the selloff has legs?Is bitcoin a leading indicator for the stock market?U.S. stocks staged a furious comeback rally on Friday as investors once again swooped in to buy the dip ahead of t…
Alternative crypto markets faced one of their sharpest downturns of the year on Friday as meme coins and NFTs collectively erased billions in value, extending a multi-week decline across the broader digital asset sector. According to data from CoinMarketCap and CoinGecko, speculative assets have fal…
Key takeaways:XRP’s megaphone pattern on the weekly chart targets $0.88.Mounting selling pressure is prompting many investors to sell their XRP holdings at a loss. XRP extended its downtrend on Friday, dropping 3% over the last 24 hours to trade at $1.93. The inability to hold above $2 now puts the…
By Barbara Kollmeyer and Joy WiltermuthBitcoin heads for its worst month in three yearsSelling of bitcoin and other cryptocurrencies kept pace early Friday.A selloff for bitcoin and other cryptocurrencies showed no signs of letting up on Friday, and investors were watching closely as a rout in those…
Core Foundation announced Wednesday that the Grand Court of the Cayman Islands has granted its injunction against crypto lending platform Maple Finance over alleged breaches of their commercial agreement.This injunction blocks Maple from launching a competing bitcoin yield product and restricts its …
Analysts at Samosa Capital Investment Fund have warned that Michael Saylor’s BTC strategy is “hurting Bitcoin’s price action”, which is a net-negative for the Bitcoin community.According to , Saylor’s Bitcoin digital asset treasury company, Strategy (formerly MicroStrategy), is “a highly leveraged h…
Circle is expanding into the foreign-exchange market, positioning stablecoins as a tool to modernize one of traditional finance’s most entrenched systems.The issuer of USDC (USDC) on Thursday unveiled Circle StableFX, an institutional onchain FX platform built on Arc1, the company’s forthcoming laye…
Bitcoin saw a sharp drop on Tuesday, reaching a low of $102,422, having earlier traded at $107,482.At press time, Bitcoin was down 0.23% in the last 24 hours to $104,880, but up 2.80% weekly.Bitcoin's recent price action follows a lull in the market amid October's flash crash, with a bearish death c…