News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
- Senate Agriculture Committee confirmed Trump's CFTC nominee Michael Selig along party lines, advancing his nomination for final Senate approval. - Selig, an SEC crypto advisor, would expand CFTC's oversight of crypto spot markets under the CLARITY Act, positioning it as a key digital asset regulator. - Democrats raised concerns about CFTC's limited resources (543 staff vs. SEC's 4,200) and potential single-party control after current chair's expected resignation. - Selig emphasized "clear rules" for cryp
- Bitcoin fell to a seven-month low near $87,300, testing key support levels amid heavy selling pressure and extreme bearish sentiment. - Analysts highlight a "max pain" zone between $84,000-$73,000, with historical patterns suggesting rebounds after fear indices hit annual lows. - The Crypto Fear & Greed Index at 15—a level preceding past rebounds—aligns with historical 10-33% post-dip recovery trends. - A 26.7% correction triggered $914M in liquidations, but a 2% rebound to $92,621 shows resilience amid
- Ripple explores XRP Ledger staking to boost DeFi integration and institutional use. - CTO David Schwartz outlines two staking models, but implementation is distant due to architectural complexity. - Staking aims to enhance security and incentivize token holders, aligning with crypto trends while addressing bank needs for cost efficiency and compliance. - Ripple also seeks Fed account access to improve RLUSD stability, leveraging direct Treasury conversions for faster settlements.
- NYC Mayor-elect Mamdani, a democratic socialist, will meet Trump on Nov. 21 to address affordability crises despite prior hostility. - Mamdani seeks federal support for housing costs and inflation relief, citing Trump's past promises and SNAP program cuts. - Trump softened rhetoric but labeled Mamdani a "communist," while New York contributed $320B in 2023 federal taxes. - The meeting highlights tensions between progressive policies and Trump's economic agenda amid national cost-of-living debates.
- Over 65 crypto groups urge Trump to dismiss charges against Tornado Cash developer Roman Storm, arguing "code is not a crime." - Advocates demand regulatory clarity on DeFi, tax rules for staking, and protections for decentralized projects via executive action. - Storm's retrial highlights DOJ's inconsistent stance on code-as-speech, with prosecutors clashing over constitutional protections. - Outcome could set a precedent for U.S. crypto innovation, balancing enforcement with First Amendment rights. - T