THORChain, a crosschain swap protocol, is experiencing a surge in activity following the $1.4 billion exploit of cryptocurrency exchange Bybit. On Feb. 26, the protocol processed $859.61 million in swaps, marking its highest-ever daily volume, according to data from THORChain Explorer. The momentum continued on Feb. 27, adding $210 million (and counting), pushing total swap
XRP (XRP) price has dropped 17% over the last seven days and 27% in the past month, losing several key support levels along the way. This has left market participants wondering whether XRP’s price could drop further in the coming days. XRP/USD daily chart. Source: Cointelegraph/TradingView XRP price levels to watch under $2.40 XRP’s latest
The US Congress is reportedly set to consider legislation that would ban the issuance of memecoins like President Donald Trump’s Official Trump (TRUMP) token. House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit public officials from profiting from digital assets, California Representative Sam Liccardo told ABC News
Bitcoin’s sell-off continued for a third consecutive day as the price dropped to lows not seen since Nov. 11, 2024. At the peak of the correction, BTC (BTC) briefly traded at $82,256 before finding buyers but data suggests that further downside could occur before the market stabilizes. Independent market analyst Scott Melker posted the following
Bitcoin’s Market-Value-to-Realized-Value (MVRV), an indicator that measures whether the asset is overvalued or not, shows that the cryptocurrency still has room to peak this cycle, according to a crypto analyst. “I predict a peak MVRV this cycle around 3.2, meaning we have another bullish year in 2025 ahead before we reach the pico top this
A key Bitcoin and crypto sentiment tracker, the Crypto Fear & Greed Index, has fallen to its lowest score in more than two years as Bitcoin plummeted below $90,000. On Feb. 26, the Crypto Fear & Greed Index slipped deeper into “Extreme Fear,” reaching a score of 10. Bitcoin falls under $85,000 That’s its lowest level
Investors in BlackRock iShares Bitcoin Trust pulled out a record $420 million from the fund in a day as Bitcoin sunk to yearly lows. BlackRock’s spot Bitcoin (BTC) ETF (IBIT) shed 5,000 BTC on Feb. 26, its largest outflow to date, eclipsing the $332 million it lost on Jan. 2. The massive outflow follows a
Bitcoin mining company Core Scientific unveiled plans for a $1.2 billion data center expansion in partnership with artificial intelligence startup CoreWeave. The announcement followed the company’s fourth-quarter 2024 earnings report, which showed a net loss of $265 million. On Feb. 26, the Bitcoin (BTC) mining company published its fourth quarter and full-year results for 2024.
Bitcoin may finally reach a key downside target from last year as BTC/USD edges ever closer to old all-time highs. In fresh X analysis on Feb. 27, trader and analyst Rekt Capital flagged an incoming “gap” in CME Group’s Bitcoin futures markets. Battle of the Bitcoin futures gaps begins Bitcoin (BTC) hit new multimonth lows
Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently suffering a $1.4 billion hack. Bybit received in-principle approval to set up a virtual asset platform operator in the UAE from the Securities and Commodities Authority (SCA), the exchange announced on Thursday, Feb. 27. The
Japanese Bitcoin treasury firm Metaplanet issued 2 billion Japanese yen ($13.35 million) in bonds to continue expanding its BTC reserves, marking the latest move in a series of purchases that began in May 2024. On Feb. 27, Metaplanet announced the fresh issuance of 0% ordinary bonds worth 2 billion yen to purchase Bitcoin (BTC). According
Oscar Wong | Moment | Getty Images Renters looking for a better deal may need to rethink the kind of properties they’re focused on in their search. As of January, median single-family home rent prices are up about 41% since before the pandemic, according to a recent report by Zillow. Meanwhile, multi-family rents are up
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The problem with the future is that it hasn’t happened yet. Betting on companies whose value largely resides in educated guesswork is therefore not for the weak of stomach. Nvidia, Palantir, AppLovin and MicroStrategy —
<img src=”https://public.flourish.studio/visualisation/21835112/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were a touch firmer in spots Wednesday as U.S. Treasury yields fell further and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 64%, the 10-year at 68% and the 30-year at 87%, according to Municipal Market Data’s 3 p.m. EST
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A bill to extend the sunset of a Kansas sales tax and revenue bond program until July 1, 2028, and allow its use for mall redevelopment projects is pending in the House after passing the Senate last week. Adobe Stock A Kansas bill would continue an economic development bond program that has fallen short of
Traders work on the New York Stock Exchange floor on Feb. 20, 2025. Spencer Platt | Getty Images An expensive stock market did not prevent traders from getting more bullish as investors increasingly bet that the bull run could keep chugging along, according to Charles Schwab’s new quarterly client survey. The bulls continue to outnumber
The home for sale at 377 Capron Ash Loop in Casselberry is pictured on Wednesday, Aug. 14, 2024. Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty Images Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume
<img src=”https://public.flourish.studio/visualisation/21816220/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Tuesday, underperforming a U.S. Treasury rally. Equities ended mixed. Muni yields fell three to eight basis points, while UST yields fell eight to 11 basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 64%, the 10-year at 67% and the
Southwest municipal bond issuance climbed 23% last year led again by Texas, where debt sales accounted for nearly 70.4% of the region’s volume. The increase to $103.3 billion of bonds marks a big jump from 2023’s $84 billion, which was just 0.6% higher than in 2022, according to LSEG data. Bond volume in Texas set