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In 2022, the Federal Reserve released a comprehensive report on stablecoins, focusing on their potential impact on the banking system and credit intermediation in the document.
James Wynn’s massive BTC longs and liquidation drama spark debate, but Bitcoin’s price drop runs deeper than one whale’s high-risk bets.
The crypto ambitions of U.S. President Donald Trump may soon deepen with a new move toward Wall Street.
While Hedera's HBAR token has posted slight gains since June, technical signals and growing short interest indicate potential bearish pressure ahead.
Currently, we are in a state of "Demand Rebalancing and Expectation Game Period under Strong Supply Constraints."
- 03:22Ark Invest further reduces its holdings by $44.8 million in Circle stockAccording to Jinse Finance, Ark Invest, led by Cathie Wood, sold another $44.76 million worth of Circle Internet Group Inc. (CRCL) shares the day after offloading $51.7 million of the same stock. As a stablecoin issuer, Circle’s share price remains above its recent IPO level. According to the latest filings, three of Ark Invest’s exchange-traded funds (ETFs) sold related shares on Tuesday. The ARK Innovation ETF (ARKK) reduced its holdings by 208,654 shares of Circle, the ARK Next Generation Internet ETF (ARKW) sold 65,320 shares, and the ARK Fintech Innovation ETF (ARKF) also trimmed 26,134 shares of the stablecoin issuer. Yahoo Finance data shows that CRCL closed down 1.26% at $149.15 on Tuesday, but rose 2.84% in after-hours trading. Its share price remains significantly above the IPO price of $31.
- 03:20Whale purchases 3,000 ETH worth approximately $7.48 million nine hours ago, accumulating 11,500 ETH over four consecutive daysOdaily Planet Daily reported, according to monitoring by Lookonchain, the whale at address "0xf680" has accumulated a total purchase of 11,500 ETH over the past four days, worth approximately $29 million. Just nine hours ago, this address bought another 3,000 ETH, valued at about $7.48 million.
- 03:19Arthur Hayes: The U.S. Treasury Is the Key Driver of Bitcoin’s Future, Not the Federal ReserveAccording to a report by CoinDesk, Arthur Hayes stated that the U.S. Treasury Department, rather than the Federal Reserve, is the key institution driving global liquidity and the future of Bitcoin. Federal Reserve Chair Jerome Powell is merely a supporting actor, while the real protagonist is the Treasury Department.