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BITCOIN TO HIT $250K THIS YEAR, SAYS ARTHUR HAYES, MARKS $80.6K AS FLOOR
BitMEX co-founder Arthur Hayes reaffirmed his $250,000 Bitcoin price target by year-end, describing the recent dip to $80,600 as the market bottom. Speaking on the Milk Road podcast, Hayes said dollar liquidity has bottomed, setting the stage for higher prices in risk assets. Hayes explained that Bitcoin fell from $125,000 to $80,000 due to a…
Kazakhstan’s debut of the Yuan stable-coin reflects China’s block-chain strategy
China has introduced the world’s first regulated offshore yuan-linked stablecoin in Kazakhstan this month as part of its plan to use blockchain technology for cross-border trade. According to Yang Guang, the chief technology officer of Shanghai-based Conflux, which helped with the launch, the event may have seemed modest but could create a “butterfly effect” with…
COINSHARES BACKS OUT OF $600M XRP AND SOL ETF COMPETITION
CoinShares, one of the leading cryptocurrency-focused firms, announced on Friday that it has withdrawn all of its applications to launch spot crypto ETFs in the United States, including those for XRP and SOL. Despite the withdrawal, demand for these major altcoins on Wall Street remains strong, with cumulative inflows for both XRP and SOL surpassing…
MORGAN STANLEY’S SPOT CRYPTO ETF PUSH HIGHLIGHTS SOLSTAKING’S 3,000+ XRP DAILY INCOME MODEL
Crypto ETFs are playing an important role in bringing digital assets closer to the mainstream, offering investors a more structured way to gain exposure without relying solely on price swings. Morgan Stanley has recently taken a notable step in this direction by filing several S-1 registration statements with the U.S. Securities and Exchange Commission (SEC)….
White House Withdraws Brian Quintenz Nomination as CFTC Chair
Key Points: The White House has officially withdrawn the nomination of Brian Quintenz to serve as chairman of the Commodity Futures Trading Commission (CFTC). The decision comes at a critical moment for U.S. financial regulation, particularly as debates over cryptocurrency oversight grow stronger. Quintenz, a former CFTC commissioner, was considered a strong candidate because of…
