The move would give digital asset firms access to tax breaks and state funding. Dunamu paid ₩24 billion in taxes after losing venture status in 2018. Policy is part of President Lee’s pro-crypto economic strategy. South Korea is moving to formally recognise crypto businesses as venture companies, a decision that could give the industry access to tax relief, government-backed loans, and startup funding for the first time. The Ministry of SMEs and Startups has introduced a proposal to reclassify virtual […]
Exchange net flows remain negative, pointing to continued accumulation. Golden Crossover signal is forming between the 50 and 200-day EMAs. Elder Ray’s Index flips positive, suggesting buyer control. BONK, the meme coin built on the Solana blockchain, has jumped nearly 60% over the past seven days, driven largely by market sentiment and speculation surrounding potential ETF-related demand. With BONK breaking out of a long-term technical pattern and momentum indicators flipping bullish, traders are now watching closely to see whether the […]
Ripple partners with BNY Mellon to custody RLUSD reserves, aiming to enhance regulatory compliance and institutional trust. The move comes amid a surge of corporate and institutional interest in stablecoins, dubbed “stablecoin summer.” Ripple has also applied for a US banking charter and Federal Reserve master account to deepen its role in the US financial system. Ripple has appointed the Bank of New York Mellon (BNY Mellon) as the primary custodian for reserves backing its US dollar-pegged stablecoin, RLUSD. The […]
Key takeaways LINK is up 4% in the last 24 hours and now trades at $14. The coin can rally towards $17 soon, following weeks of accumulation around the $13 region. The cryptocurrency market has resumed its upward rally following a poor start to the week. Bitcoin is trading above $109k once again, while Ether has crossed the $2,600 resistance level. Chainlink’s LINK is one of the top performers among the leading 20 cryptocurrencies by market cap and looks set […]
Ripple applies for US banking licence, deepening regulatory alignment. CEO Garlinghouse is involved in shaping the Senate CLARITY Act on crypto. Traders are closely watching for a breakout above $2.3531 to confirm bullish continuation. XRP is gaining momentum, holding firm around $2.33 after rising nearly 3% over the past 24 hours. Source: CoinMarketCap The renewed optimism comes amid broader crypto market recovery, but XRP appears to be outperforming as regulatory clarity aligns with growing institutional interest. Ripple’s move to […]
Key takeaways Altcoins have performed excellently over the last 24 hours, with Ether, XRP, and Aave leading the way. Cronos’s CRO token is the best performer in the top 50, up 18% and eyeing the $0.1099 resistance level Cronos rallies on Truth Social’s Crypto Blue-Chip ETF Altcoins have had a positive 24 hours, with Ether, Solana, XRP, and Cardano all adding 3% to their values. Aave and Cronos (CRO) are other coins that have performed excellently, backed by strong fundamentals. […]
DigitalX secures A$20.7M in strategic funding to expand its Bitcoin treasury. Majority of funds (A$19.7M) allocated to direct Bitcoin purchases. High-profile investors include Animoca Brands, ParaFi Capital, and Metaplanet’s CEO. Australian digital asset manager DigitalX has raised A$20.7 million (US$13.5 million) in a fresh round of strategic funding, deepening its commitment to a “Bitcoin-first” approach. The ASX-listed firm plans to use the funds to grow its Bitcoin treasury, with backing from heavyweight crypto investors like Animoca Brands, UTXO Management, and […]
Solana’s network activity hit a record 15.39 million addresses. SEC fast-tracks SOL ETF filings after SSK ETF launch. SOL nears key $160 resistance amid strong technical setup. Solana (SOL) has seen an impressive 45.6% surge over the past three months, driven by record-breaking network activity and growing optimism around a potential exchange-traded fund (ETF) approval in the United States. Notably, the price hike has brought SOL closer to the key resistance zone around $160, raising hopes of a breakout as […]
Floki Inu’s metaverse game has hit over 100,000 Veras minted since the June 30 launch. Valhalla has announced a $10,000 giveaway for early players. FLOKI’s weekly chart signals an explosive rally after prolonged declines. Meme coins are stealing the show as Bitcoin tests $109,000, trading at $108,955. Meanwhile, FLOKI appears poised to lead the potential bull run as its metaverse game, Valhalla, sees explosive growth following the mainnet launch. The game has seen over 100,000 Veras minted since the June […]
Bit Digital shifts treasury from Bitcoin (BTC) to over 100K ETH. Dormant Ethereum wallets move millions after 10 years. ETH/BTC bull flag hints at a 35% breakout by August. Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalisation, is stepping into what many believe could be a transformative phase, marked by growing institutional alignment and renewed on-chain activity from long-dormant whales. Momentum around the asset has intensified in recent weeks, with fresh technical setups, corporate accumulation, and protocol-level proposals all […]