An ARK Invest analyst says the cryptocurrency industry is entering what he describes as its biggest consolidation phase yet, with revenue increasingly concentrated among a handful of dominant protocols. In a Wednesday post on X, Lorenzo Valente, a research associate at ARK Invest, said investors have become increasingly selective, making it harder for crypto projects…
Today’s meeting was described as the most unpredictable in at least six years. Although there was some uncertainty about the monetary direction the United States Federal Reserve will take following the July FOMC meeting, the central bank approved with a 9-3 vote to maintain the interest rates at 3.50% to 3.75%. All eyes have turned…
MoonPay has launched PayBox, a payment vault that lets ChatGPT and Claude users authorize AI to buy crypto, swap tokens and bridge assets from within a conversation while keeping control of their funds. Users connect a crypto wallet and payment methods to ChatGPT or Claude, which prepare transactions such as token swaps, crosschain transfers and…
BNY, one of the world’s largest custodian banks, is taking a major step towards blockchain-based financial infrastructure by moving fund ownership records onchain. The New York-based institution will launch a blockchain-based version of its transfer agency business, which manages fund ownership records and investor transactions, the Financial Times reported Wednesday. “We think of BNY as…
Here are new details about Pi Network’s Launchpad after the SLICE token distribution. The Core Team behind the popular project revealed more details about how its platform can support future ecosystem tokens. They explained that, unlike other token launches in which projects typically keep the funds raised, their model sends the committed Pi coins directly…
BEAT has rocketed by over 30% in the past 24 hours after yesterday’s crash. Bitcoin’s price dipped below $62,800 yesterday in a de-risking move from investors ahead of the FOMC meeting, but it has rebounded swiftly to over $64,000 now. Most larger-cap alts have turned green as well, with XRP aiming at $1.10 once again….
Gabriel Perez, who was accused of benefiting from Kalshi bets tied to President Donald Trump’s speeches, is now not employed by the federal authorities. Source link
This is why right now’s assembly is kind of historic and the way it can impression crypto markets. The US Federal Reserve will announce its interest-rate choice later right now, however, in contrast to basically each assembly prior to now six years, markets stay divided over what comes subsequent. Bitcoin traders seemingly de-risked yesterday in…
Morgan Stanley has launched Ethereum and Solana ETFs with a 0.14% price, making them the most affordable ETH and SOL funds within the US. The funding banking large has begun buying and selling for the Morgan Stanley Ethereum Belief (MSSE) and the Morgan Stanley Solana Belief (MSOL) on NYSE Arca on July 28. Each funds…
South Korea’s Financial Services Commission (FSC) reportedly plans to draft a consolidated Digital Asset Basic Act with the ruling Democratic Party, giving lawmakers a government-backed proposal covering stablecoins and the broader cryptocurrency market after months of delays. According to an Edaily report published Wednesday, the FSC told the National Assembly ahead of a policy briefing…
