Author: James Wilson
Kaspa price appears to be on the verge of a breakout from a bullish reversal pattern ahead of its upcoming listing on crypto exchange HTX. Can it recover from its recent monthly losses? Summary Kaspa price rose nearly 10% over the past day. KAS is set to be listed on HTX, while the community is also hyped over a rumoured Crypto.com listing. A falling wedge pattern formed on the weekly chart hints at a potential breakout in the upcoming trading sessions. According to data from crypto.news, Kaspa (KAS) rose 9.5% over the past day to $0.047 last check on Monday…
A user lost nearly $50m in a stablecoin address poisoning scam after copying a fake address, as U.S. senators push the SAFE Crypto Act to tackle rising crypto fraud. Summary A stablecoin user sent 49,999,950 tokens to a poisoned address copied from transaction history after an initial test transfer to the correct recipient. Address poisoning scams plant near‑identical wallet addresses in history, exploiting copy‑paste habits rather than protocol bugs or smart contract exploits. The bipartisan SAFE Crypto Act would create a federal task force linking agencies, law enforcement and industry to detect and disrupt crypto fraud schemes. A cryptocurrency user…
Bitcoin ally Sen. Cynthia Lummis won’t seek reelection in 2026, saying she lacks the stamina for another term but will use her remaining time to advance key crypto bills. Summary Lummis announced on X that she will not run again, saying Wyoming has been her priority but she no longer has the energy for another six‑year term. The “Bitcoin senator” stresses that her pro‑crypto stance is unchanged and that she will focus on moving major digital asset legislation to Trump’s desk by 2026. Crypto figures including White House AI and crypto czar David Sacks and entrepreneur Mario Nawfal praised her…
Trump pledges 1,600 new power plants to cut AI-driven energy costs as ERCOT warns that large-load requests, 73% from data centers, have surged to 226 GW. Summary Trump claims 1,600 new generating plants will come online within 12 months, arguing that electricity and consumer prices will fall under his economic agenda. The address highlights surging AI-related power demand, with ERCOT’s large-load queue swelling from 63 GW to roughly 226 GW, dominated by data center projects. Trump frames expanded generation and faster approvals as key to sustaining U.S. economic growth, wage gains and competitiveness in emerging AI infrastructure. President Donald Trump…
XRP rebounds from a multi‑week low into key support as TD Sequential flags a potential local top, while spot XRP ETFs log ongoing inflows despite mixed price action. Summary XRP has bounced off a multi‑week low and is holding above a critical support zone that traders say will decide whether the recovery continues or breaks down. The TD Sequential indicator, previously accurate on XRP, now signals a possible local top after the bounce, mirroring broader indecisive price action seen in Bitcoin. Spot XRP ETFs continue to post steady positive inflows and growing assets under management, underscoring institutional interest even as…
Bitcoin trades in a ‘bullish neutrality’ regime as composite indicators improve and short liquidations dominate, creating controlled upside pressure with limited froth. Summary Composite regime indicator sits at +16.3 in the upper neutral band, a zone that historically delivered positive 30‑day returns in 2025 backtests. Short liquidations dominate, with long liquidation share below 50%, signaling forced short covering as the main driver of current upside pressure. A drop of the regime score below 0 plus a flip of liquidation dominance positive would mark exhaustion of the current move and renewed downside risk. Bitcoin is trading around $88,100 with 24‑hour volume near $34.3 billion,…
Midnight, Cardano’s privacy-focused token, hits a record high as major exchange listings boost volume, liquidity and trader interest despite ADA’s muted DeFi activity. Summary Midnight’s price and volume surged to a record high after new listings on Binance, Bybit and Kraken drove liquidity and narrowed spreads across order books. Technicals show a clean breakout above the four-hour trendline with support forming in a lower range, while leverage remains moderate and liquidation risk contained. On-chain data suggests capital rotating from Cardano DeFi into Midnight as investors bet on zero-knowledge privacy infrastructure tied to Charles Hoskinson’s ecosystem. Midnight Token Reaches Record High…
18 bipartisan U.S. House lawmakers have urged the Internal Revenue Service to reexamine the country’s taxation laws on cryptocurrency staking. Summary A group of U.S. lawmakers has urged the IRS to review its 2023 guidance on staking rewards before the 2026 tax year. The letter recommends taxing staking rewards only at the time of sale to avoid double taxation. Separately, lawmakers have introduced the PARITY Act, which suggests allowing deferral of staking and mining tax liabilities. Led by Republican Representative Mike Carey, the group has sent a letter to IRS acting Commissioner Scott Bessent, requesting a review of existing tax…
Gold and silver have reached record highs, but Bitcoin’s history shows crypto often reacts weeks later rather than immediately. Summary Gold and silver have surged to new all-time highs, while Bitcoin remains under pressure near the $86,000–$88,000 range. Past cycles show crypto market often lags gold rallies by several weeks before making stronger moves. If rate cuts effects and liquidity easing continue, crypto could follow metals higher once risk appetite returns. Gold and silver surged to fresh record highs on Monday, Dec. 22, raising questions about how cryptocurrencies may respond as investors shift toward traditional safe-haven assets. According to market…
Ethereum price appears to be consolidating after months of leverage exited the market, easing pressure without yet pointing to a clear direction. Summary Ethereum open interest has fallen about 50% since August, showing widespread position closures by large traders. Binance taker sell volume has dropped to its lowest level since May, pointing to softer sell-side urgency. The chart shows sideways movement below key resistance, with buyers cautious and sellers less aggressive. Ethereum is trading in a calmer market environment after a sharp reduction in leverage, with data showing that open interest across major exchanges has fallen since August. According to…