Binance Japan has entered into a capital and business agreement with PayPay, a mobile payment service operated by the major Japanese investment holding company, SoftBank Group. SoftBank’s PayPay has acquired a 40% equity stake in the Japanese subsidiary of global crypto exchange Binance, with Binance Japan becoming an equity-method affiliate of PayPay as of September…
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Key points: Bitcoin is due for a breakout after record Bollinger Bands “tightness,” but the direction remains unknown. According to history, the scenario typically resolves within around three months. BTC price action is teasing the start of a new “price discovery uptrend.” Bitcoin (BTC) may flip “parabolic” or end its bull market within the next…
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Asset manager Bitwise’s decision to set a 0.20% fee on its amended US-based Solana ETF application, which now includes staking, may be a sign of how competitive the product could get among ETF issuers, according to ETF analyst Eric Balchunas. “Thought we’d see higher first, need war to get this low,” Balchunas said in an…
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Nearly all of Bitcoin’s supply is now in profit after a recent rally, but rising leverage and “crowded call positioning” could suggest growing short-term fragility, according to onchain analytics. As of Wednesday, 97% of Bitcoin (BTC) supply is in profit, reported blockchain analytics provider Glassnode. “Building on the accumulation trend, Bitcoin’s rally to a new…
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BitMEX co-founder Arthur Hayes has agreed that the four-year crypto cycle is dead, but not for the reasons most people believe. “As the four-year anniversary of this fourth cycle is upon us, traders wish to apply the historical pattern and forecast an end to this bull run,” said Hayes in a blog post on Thursday.…
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Bitcoin is poised for unprecedented price discovery as long as it doesn’t peak within the next few days, according to veteran trader Peter Brandt. “It is reasonable to expect a bull market high any day now,” Brandt told Cointelegraph on Wednesday, citing Bitcoin’s (BTC) historical cycle pattern, which has played out in the three previous…
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Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts. Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday. …
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The UK government has finally lifted its ban on crypto exchange-traded notes, citing a maturation of the industry and a greater understanding of digital asset products. In an announcement on Wednesday, the Financial Conduct Authority (FCA) outlined that retail investors can now access crypto ETNs via FCA-approved exchanges based in the UK A crypto exchange-traded…
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Wisconsin Representative Bryan Steil, one of the original cosponsors of the House of Representatives’ crypto market structure bill, the CLARITY Act, said Republicans’ timeline of passing the legislation before 2026 was still the plan, despite the ongoing government shutdown. In a Wednesday CNBC interview, Steil said Republicans’ plan for passing legislation to establish what they…
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A majority of lawmakers in the US Senate voted to confirm Jonathan McKernan as Under Secretary for Domestic Finance at the Department of the Treasury. In a Tuesday vote of 51 to 47, the Senate confirmed McKernan to the US Treasury, serving under Secretary Scott Bessent. Though the US government has been shut down since…
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