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Join Our Telegram channel to stay up to date on breaking news coverage The Solana price has rise over 1% in the last 24 hours to trade at $139 as of 4:00 a.m. EST on a 38% decrease in the daily trading volume to $5.7 billion. That slight jump in the SOL price comes as 21Shares, one of the top asset managers in cryptocurrency, officially filed its prospectus for a new spot Solana ETF in the United States. Additionally, the Chicago Board Options Exchange (Cboe) has already approved the registration and listing of this fund as well. 🚨JUST IN: The…

XRP is under renewed pressure as the broader market downturn drags its profitability metrics back to levels last seen during Donald Trump’s November 2024 re-election.Glassnode data shows that only 58.5% of XRP’s circulating supply is now in profit. That is the weakest reading since late November 2024, when the token hovered around $0.53.Even at today’s price of roughly $2.15, about 41.5% of all circulating XRP, equating to nearly 26.5 billion tokens, sits at a realized loss.XRP’s Supply in Profit (Source: Glassnode)According to the firm, the imbalance reflects how much of this year’s trading volume clustered near elevated price zones. That…

U.S. President Donald Trump’s nominee to run the Commodity Futures Trading Commission, Mike Selig, told senators in his Wednesday confirmation hearing that he’ll champion the president’s intention to set a U.S. path for crypto regulation.The Senate Agriculture Committee, which oversees the CFTC that will be a leading U.S. regulator for crypto, weighed Selig’s nomination, and Chairman John Boozman asked about digital asset oversight in his first question.”The CFTC has a critical mission to protect these markets,” Selig said. He told the lawmakers, “This is a real opportunity to develop a framework that can allow for software developers to thrive, for…

Bitcoin’s price has recently plummeted below $89,000, continuing a downward trajectory that has seen the cryptocurrency fall approximately 5% since the start of 2025. This decline comes as the Federal Reserve released minutes from its latest meeting, highlighting a careful approach to interest rate adjustments due to the economic risks on both sides. Analysts suggest that market dynamics could push Bitcoin lower in the coming months, as investor sentiment remains cautious amidst financial policy uncertainties. The Federal Reserve’s minutes indicate that while the U.S. economy displays signs of resilience, potential challenges lie ahead, necessitating a careful balance in monetary policy.…

In brief The U.S. Treasury has placed sanctions on “drug kingpin” Ryan James Wedding, nine of his associates, and nine entities linked to him. Wedding is a former Canadian Olympic snowboarder who FBI Director Kash Patel says is now “the modern-day iteration of Pablo Escobar.” The ex-Olympian’s crime gang is believed to be a transnational cocaine empire, with Wedding allegedly ordering “dozens” of murders. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday placed sanctions on “drug kingpin” Ryan James Wedding, nine of his associates, and nine entities linked to him.The Federal Bureau of Investigation…

Bitcoin’s recent decline is being driven by mid-cycle holders, not long-term whales, according to new on-chain research from VanEck analysts. The firm noted in a recent report that long-term holders continue to accumulate while short-term futures markets show deeply oversold conditions following tariff-driven liquidations. Despite widespread speculation that early Bitcoin whales triggered the selloff, on-chain data shows that coins held for five years or more continue to rise.  These older cohorts increased their holdings by roughly 278,000 BTC over the past two years, signaling limited turnover among wallets with the longest histories. In contrast, supply among wallets that last moved…

In brief Zcash treasury firm Cypherpunk Technologies bought another $18 million worth of ZEC. The privacy coin has recently surged in value by 15x since the start of September. Cypherpunk’s stock is up 469% over the last month, following the Zcash pivot. Long-running privacy coin Zcash (ZEC) has continued its recent surge, rising 31% over the last week even as Bitcoin, Ethereum, and other major coins are deep in the red—and now a publicly traded treasury firm said it has amassed even more of the rising cryptocurrency.Cypherpunk Technologies (Nasdaq: CYPH) announced Wednesday that it has purchased an additional 29,869.29 ZEC…

Key Takeaways A viral prediction claims Bitcoin will hit $220,000 within 45 days. Market analysts warn of a potential new bear market. The prediction has received massive pushback from the community. A social media personality, self-proclaimed the “World’s Highest IQ Record Holder,” has predicted that Bitcoin’s price will surge to $220,000 within the next 45 days. The bullish comments have drawn significant skepticism and criticism from the community, as market analysts warn that key technical indicators point to the start of a new downturn. Try Our Recommended Crypto Exchanges Sponsored Disclosure We sometimes use affiliate links in our content, when…

The Republic of the Marshall Islands announced that it would allow citizens to access funds through a government-issued digital asset as part of the nation’s Universal Basic Income (UBI) program.In a Wednesday announcement shared with Cointelegraph, the government of the island nation said it had launched a digital wallet called Lomalo, which will utilize the US dollar-pegged stablecoin USDM1 to enable citizens to access the UBI program. According to the government, the first disbursement of funds will occur in late November, allowing citizens to access them through their wallet, by physical check, or via direct deposit.“By introducing a secure digital…

For more than a decade, the DeFi sector has operated on a fractured promise. The theoretical pitch of a fairer, more accessible global financial system has consistently crashed against the rocks of practical reality.In practice, DeFi has delivered a user experience defined by hostility of confusing interfaces, punitive gas fees, risky workflows, and the terrified clutching of seed phrases. It created a system where only the technically literate or those willing to take risks dared to tread, leaving the vast majority of the world’s savers on the sidelines.But the launch of Aave’s new mobile savings application marks a distinct departure…