Wyoming Senator Cynthia Lummis has introduced a law that could codify an order from a US housing regulatory agency for mortgage purchasers to consider digital assets in applications. In a Tuesday notice, Lummis said her proposed bill, the 21st Century Mortgage Act, would take congressional action following a June order from the US Federal Housing…
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The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), allowing investors to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the regulator stated that approved Bitcoin (BTC) and Ether (ETH) funds will be permitted to create and redeem shares…
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Key takeaways: Bitcoin targets $122,000, where $2 billion in short liquidations are clustered but Q3 seasonal data hints at downside. A falling RSI, spot BTC ETF outflows, and low trading volumes point to weakening bullish momentum. FOMC minutes and positive news from the White House could trigger a rally on Wednesday. Bitcoin (BTC) briefly dipped…
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Before Roman Storm’s defense attorneys rested their case on Tuesday, one matter that seemed to provoke some controversy in the courtroom was a T-shirt the Tornado Cash co-founder and developer wore at a crypto event in 2019. During opening statements in the US District Court for the Southern District of New York, both prosecutors and…
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Key takeaways: The dominance of Ether’s futures volume surpassed Bitcoin for the first time since 2022. Tron-ecosystem stablecoin activity rose, pointing to capital inflows into the altcoin ecosystem. Ether (ETH) has gained everyone’s attention over the past few weeks, with new data showing a clear shift away from Bitcoin (BTC) as the biggest altcoin by…
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Key takeaways: The Bitcoin Implied Volatility Index has fallen to its lowest level since September 2023, hinting at a potential breakout. The short-term holder realized cap drawdown is at -8%, which is historically a bullish accumulation zone. Bitcoin’s (BTC) recent price action points to a phase of quiet accumulation, but data shows that these low-volatility…
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The Senate Agriculture Committee has pulled a planned hearing on Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission (CFTC), following a request from the White House just days before lawmakers leave for August recess. In an update to the committee’s schedule on Monday, chair John Boozman and ranking member Amy Klobuchar said lawmakers…
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Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Bitcoin (BTC) has failed to break above $120,000, but a positive sign is that the bulls have not ceded much ground to…
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Cantor Fitzgerald-backed Twenty One Capital has significantly increased its Bitcoin (BTC) holdings, expanding its treasury beyond the amount announced at launch, highlighting the accelerating race to accumulate the digital asset. The Bitcoin treasury firm, which launched in April with a mission to amass the digital asset, has added approximately 5,800 BTC from stablecoin issuer Tether,…
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Key points: Failure to reclaim $120,00 could spell trouble for Bitcoin bulls. Whales appear to be offloading at local highs, creating further hurdles to price upside. Short-term holder cost bases feature as local support lines of interest. Bitcoin (BTC) gave up attempts to crack $120,000 at Tuesday’s Wall Street open as traders stayed split on…
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