China

XRP zooms above $1.40 on rising volume, putting focus on further breakout

XRP has surged above $1.40, driven by increasing trading volume, which suggests a potential breakout. The rise follows positive market sentiment and renewed interest in the cryptocurrency. Analysts are closely watching XRP's price movements, as a sustained increase could lead to further gains. The recent uptick in volume indicates strong buying pressure, which may support continued upward momentum. Investors are optimistic about XRP's performance in the coming days.

Read the full article: CoinDesk

Stablecoin firms have a $112B opportunity in LATAM remittance outside of US-Mexico: Bybit

Stablecoin companies have a significant opportunity in the Latin American remittance market, estimated at $112 billion, particularly outside the US-Mexico corridor. Bybit highlights that the region's growing demand for efficient and cost-effective cross-border transactions positions stablecoins as a viable solution. The report emphasizes the potential for stablecoins to

‘Stablecoins’ are an outdated term from crypto’s early years: a16z Crypto

A16z Crypto argues that the term "stablecoins" is outdated and no longer accurately reflects the evolving nature of these digital assets. The firm suggests that the original concept of stablecoins, which aimed to maintain a fixed value against traditional currencies, has expanded to include various innovative financial instruments.

CFTC sees mixed responses to prediction market rulemaking

The Commodity Futures Trading Commission (CFTC) is receiving varied feedback on its proposed rulemaking for prediction markets, which allow users to bet on the outcomes of future events. While some stakeholders support the initiative for fostering innovation and providing regulatory clarity, others express concerns about potential risks and the implications

Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year

Veteran trader Peter Brandt predicts that Bitcoin could reach $250,000, but he believes this will only happen after the cryptocurrency hits a bottom later this year. Brandt suggests that the current market conditions indicate a potential decline before a significant rally. He emphasizes the importance of patience for investors,

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Stablecoin firms have a $112B opportunity in LATAM remittance outside of US-Mexico: Bybit

‘Stablecoins’ are an outdated term from crypto’s early years: a16z Crypto

CFTC sees mixed responses to prediction market rulemaking

Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year