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The Genius Act is a US law aimed at establishing federal oversight for stablecoin issuers, setting rules for reserves, redemption rights, and licensing requirements. Source: cointelegraph.com (Read Full Article)
FBI ends probe of Kraken co-founder, returns confiscated devices — Report
The investigation was reportedly not connected to Jesse Powell’s activities within the crypto industry. Source: cointelegraph.com (Read Full Article)
US Senate Republicans release draft bill for crypto market structure
Republican leaders on the Senate Banking Committee said the legislation “built on” the CLARITY Act passed in the House of Representatives last week. Source: cointelegraph.com (Read Full Article)
Remittance giant Western Union looks to integrate stablecoins into its digital wallet offerings
Western Union’s stablecoin integration could revolutionize global payments, enhancing speed and accessibility while challenging traditional remittance models. The post Remittance giant Western Union looks to integrate stablecoins into its digital wallet offerings appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
Cathie Wood’s ARK Invest buys 4.4 million shares of Peter Thiel-backed Ethereum treasury firm
Cathie Wood’s strategic investment in Ethereum-focused firms signals a growing institutional interest in blockchain technologies and digital assets. The post Cathie Wood’s ARK Invest buys 4.4 million shares of Peter Thiel-backed Ethereum treasury firm appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
Jim Cramer does a 180 on meme stocks. What's that about?
Wall Street’s Jim Cramer just flipped the script after years of bashing meme stocks like GameStop and AMC, by suddenly telling everyone on Tuesday night to stop shorting Kohl’s. Yeah, Kohl’s. The same department store chain that most people forgot even existed. “The shorts have clearly overstepped their boundaries with Kohl’s. They’ve run into a […] Source: cryptopolitan.com (Read Full Article)
Crypto prediction platform Polymarket is considering issuing its own stablecoin
Polymarket, the crypto-powered prediction market, is considering entering the stablecoin market with two options on the table. The first one is to introduce its own customized stablecoin, or accept a revenue-sharing deal with Circle based on the amount of USDC held on the platform. According to reports, Polymarket’s main drive for launching its stablecoin is […] Source: cryptopolitan.com (Read Full Article)
Analyst Predicts Explosive 126% Shiba Inu Rally After SHIB Surpasses Litecoin Market Cap
Crypto analyst Maddox has provided a bullish outlook for Shiba Inu, predicting an explosive rally. His prediction comes as SHIB surpasses Litecoin to climb into the 18th spot on the list of largest cryptocurrencies by market capitalization. Shiba Inu Eyes Explosive 126% Rally In a TradingView post, Maddox predicted that Shiba Inu could record a 126% rally to $0.0003579 from its current price level. The analyst noted that SHIB has printed confirmed weekly bullish divergence in the Relative Strength Index (RSI). The top meme coin is now attempting to overcome the weekly 200EMA resistance. Related Reading: Shiba Inu Breakout Programmed: Diamond Hands Are Up 783%, SHIB Burn Rate Explodes 1,784% The analyst further revealed that a High Volume Node lies just above, and a close above this level will signal a bullish trend. Based on this bullish trend, Shiba Inu could move to the initial target of the weekly pivot at $0.00001774 before it then moves to the $0.0000579 High Volume Node. Meanwhile, Maddox noted that the Shiba Inu price has completed its retracement to the ‘alt-coin’ golden pocket 0.786 Fibonacci retracement. He added that a bearish divergence is currently growing on the weekly RSI but that this will be diverted with a thrust high. The analyst is confident in SHIB’s potential, suggesting that this is a MEME season. He noted that the Dogecoin price looks ready to go. As such, Shiba Inu is also expected to follow suit, given the correlation between these meme coins, which are the largest ones by market cap. DOGE is up over 38% in the last seven days. Shiba Inu has followed and is up over 16% during this period. Thanks to the current uptrend, SHIB has surpassed LTC to become the 18th largest crypto by market cap. The meme coin currently boasts a market cap of $8.89 billion. SHIB Ready To Run To The $0.000032 Levels Crypto analyst Javon Marks had earlier shared a similar prediction to Maddox’s. In an X post, he declared that in the nearer term and by confirmed data, the $0.000032s are levels to come for Shiba Inu in response to a bullish divergence. He added that this 135% move could only be the start of a larger bullish reversal for the foremost meme coin. Related Reading: Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence Crypto analyst Friedrich suggested that Shiba Inu could reach its all-time high (ATH) as part of this larger bullish reversal. In an X post, the analyst declared that SHIB is about to blast. He added that with Ethereum ripping, the meme coin will go for a retest of its ATH of $0.00008845 for sure. His accompanying chart showed that SHIB could at least reach $0.00008032. At the time of writing, the Shiba Inu price is trading at around $0.0000151, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images chart from Tradingview.com Source: newsbtc.com (Read Full Article)
BTC Leads the Way: Join COME Mining’s New Era of Smart Cloud Mining
As BTC continues to consolidate in a narrow range in 2025, ETH has soared to a new volatility high. The three major crypto bills passed by the U.S. House of The post BTC Leads the Way: Join COME Mining’s New Era of Smart Cloud Mining appeared first on NFT Evening. Source: nftevening.com (Read Full Article)
Charles Hoskinson says audit report ‘shaping up’ for August release
Cardano founder Charles Hoskinson says he will read the full audit report over a livestream when it is released next month. Source: cointelegraph.com (Read Full Article)