The Wormhole (W) Foundation plans to submit a “significantly higher bid” than LayerZero’s $110 million ZRO bid to acquire Stargate (STG), citing its low valuation. It is requesting that Snapshot be suspended for 5 days to finalize its bid for a more competitive process. *This is not investment advice. Continue Reading: BREAKING: Chaos Ensues in Token Set to Be Completely Acquired by Another Altcoin – Now There’s a Higher Bidder
Bitcoin remains steady at $113,400, while investor confidence wanes. The Fed's crypto comments indicate potential shifts in financial strategy. Continue Reading: The Fed Talks Crypto: Innovative Highlights and Upcoming Challenges The post The Fed Talks Crypto: Innovative Highlights and Upcoming Challenges appeared first on COINTURK NEWS .
Wormhole Foundation intends to submit a meaningfully higher bid for Stargate (STG) than LayerZero’s $110M ZRO offer, citing undervaluation. Requests 5-day Snapshot suspension to finalize its proposal for a more
Banking associations have urged the Senate to repeal parts of the new stablecoin law, seeking restrictions on interest-bearing stablecoins and nationwide operation by uninsured state-chartered issuers; crypto lobbyists are pushing
On August 21, U.S. Securities and Exchange Commission Chairman Paul Atkins confirmed that the SEC has established an official account on Truth Social, the platform launched by the Trump Media
Bitcoin price is consolidating midweek near $114,189 after a 0.38% 24‑hour rise, according to CoinStats. Expect rangebound trading between $113,000 and $116,000; a daily close above $114,157 would increase the
Delphi Digital reported in its report that the US Treasury Department will begin refilling the General Account (TGA) in the coming weeks and in the process will withdraw $500-600 billion in cash from the market in about two months. The research firm explained that although this step may seem like a routine transaction for the market, it coincides with one of the most fragile liquidity environments of the last decade. It was noted that the $550 billion NPL rollover in 2023 was absorbed by the Fed's over $2 trillion reverse repo facility, strong bank reserves, and high foreign demand for Treasury bonds. However, according to Delphi Digital, none of these buffers exist today. Related News: Analytics Firm Warns: If Bitcoin Falls Below This Level, Fear and Pessimism Could Be Triggered in the Market The Fed's continued quantitative tightening (QT), the near-exhaustion of reverse repos, banks constrained by capital rules and losses, and the withdrawal of many foreign investors from China to Japan are all increasing market pressure. Therefore, every dollar the Treasury borrows this fall will be directly withdrawn from active market liquidity. The report also highlights risks for cryptocurrency markets. It notes that during periods of liquidity shortages, high-beta assets (e.g., ETH and similar altcoins) tend to experience sharper losses compared to BTC. It also notes that if the supply of stablecoins in particular shrinks, ETH and risky assets could be further pressured during the TGA rollover period. However, it also notes that structural inflows from ETFs or corporate treasuries could offset these risks. Delphi Digital argued that if the stablecoin supply expands, the NPL increase can be better absorbed compared to previous cycles, but if the supply contracts, the liquidity withdrawal will be reflected in the markets more quickly and strongly. *This is not investment advice. Continue Reading: Analysis Company Warns: This Anticipated Economic Event in the US May Affect Altcoins
Top banking associations have pushed the Senate to repeal key elements of the stablecoin law which threaten their business, via another crypto bill currently under debate.
XRP price fell about 4% after whales sold roughly 470 million tokens, creating liquidation clusters below $2.60 and elevating downside risk. Institutional sentiment has turned negative while derivatives and high‑leverage
Bitcoin is in a week‑6 correction of its price discovery cycle: this Bitcoin correction is consistent with past cycles where mid‑cycle pullbacks test liquidity, remove leverage, and often precede resumed