Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Analysis
Analysis
Almost two years after Sam Bankman-Fried was sentenced to 25 years in prison for his role in the downfall of crypto exchange FTX, the former CEO’s lawyers will return to court.
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ETH price and spot ETF flows have perked up, but a rally to $5,000 depends on how investors feel about the US and global economy.
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Bitcoin’s short-term path hinges on a $4.3 billion options expiry. Bulls are favored, but weak jobs data and doubts over AI profitability could add uncertainty.
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Ether price is pinned below $5,000, but heavy accumulation and record institutional flows set the stage for a potential $6,800 target in Q4.
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Chinese regulators are reportedly preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong.
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Dollar stablecoins control crypto’s financial rails, but regulated euro, yen and yuan alternatives are emerging to challenge the USD’s onchain monopoly.
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The petition, made in July, reached more than half of the required signatures for a government response after Coinbase sent out a push notification to its users.
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Bitcoin’s inverse head-and-shoulders pattern signalled the continuation of the uptrend toward $360,000, driven by institutional demand via spot BTC ETFs.
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From harsh 55% taxes to a flat 20%, Japan’s crypto overhaul promises relief for investors in a bid to boost Web3 innovation.