Author: James Wilson
The LUNC price has dived by over 45% from its highest point this week, a move that has erased millions of dollars in market value. Terra Luna Classic (LUNC) token dropped to a low of $0.00004587, its lowest level since… Source link
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Financial institutions and big banks have had a decade to experiment with crypto rails for cross-border and interbank settlement. They could’ve run pilots, built internal expertise, and designed compliant models ready for real-world deployment once regulators gave the nod. They didn’t. Summary Banks had a decade to build blockchain-based settlement rails but largely failed to act, leaving the world stuck with slow, costly legacy systems that impose unnecessary economic friction. Blockchain collapses settlement times, rewrites liquidity dynamics,…
The recent crypto crash resumed today, Dec. 13, with Bitcoin and most altcoins being in the red and the market capitalization falling by over 2% in the last 24 hours. Summary The crypto market is crashing today as a risk-off sentiment prevails. Bitcoin has also formed numerous risky patterns on the daily chart. The futures open interest and volume dropped in the last 24 hours. Bitcoin (BTC) price dropped from this week’s high of $94,000 to $90,000. Some of the top laggards in the crypto market were tokens like The Graph, Story, Algorand, and Ethena, which fell by over 5%.…
Polygon price continued its steady downtrend this week, even as the network’s activity surged after the Madhugiri hard fork. Summary Polygon price has slumped to the lowest point this year. The network activated the Madhugiri hard fork this week. The number of transactions in the network has soared. Polygon (POL) token slumped to a new fresh low after it transitioned to POL from MATIC last year. It was trading at $0.1200, down by double-digits from the September high of $0.2970. The ongoing Polygon price crash is happening despite the network having some of the best fundamentals. For example, the number…
According to CryptoSlam data, NFT sales volume has plunged by 15.72% to $64.95 million, down from last week’s $77.10 million. Summary Bitcoin recovered to $90K and ETH held $3K, but NFTs continued to underperform. NFT sales plunged 16% to $64.95M as buyer and seller participation collapsed. NFT buyers fell 68% and sellers dropped 71%. Market participation has crashed, with NFT buyers plummeting by 68.41% to 154,955 and sellers dropping by 71.48% to 115,051. NFT transactions fell by 13.25% to 940,713. At the same time, Bitcoin’s (BTC) price has recovered to the $90,000 level following recent volatility. Ethereum (ETH) has maintained…
Carl Erik Rinsch, known for directing the movie “47 Ronin,” was convicted of wire fraud and money laundering for misappropriating funds provided by Netflix for a science-fiction series, the U.S. Attorney’s Office in New York announced. Summary Hollywood director Carl Erik Rinsch was convicted of wire fraud and money laundering for misusing Netflix funds. Prosecutors said Rinsch diverted the money into personal accounts and speculative trades—including Dogecoin—and luxury items. Rinsch faces up to 20 years per fraud and laundering count. Rinsch was found guilty of one count of wire fraud and one count of money laundering, each carrying a maximum…
Jill Gunter, co-founder of Espresso, reported Thursday that her crypto wallet was drained due to a vulnerability in a Thirdweb contract, according to statements posted on social media. Summary Crypto veteran Jill Gunter reported the theft of over $30,000 in USDC from her wallet, which was drained on Dec. 9 and routed through Railgun. The vulnerability stemmed from a legacy Thirdweb contract that allowed access to funds with unlimited token approvals. The incident followed a separate 2023 open-source library flaw that affected more than 500 token contracts and was exploited at least 25 times, according to ScamSniffer. Gunter, described as…
Chinese artificial intelligence platform DeepSeek has released price projections for three major cryptocurrencies through the end of 2025, forecasting heightened volatility for Ripple’s XRP token, Solana, and Dogecoin. Summary DeepSeek has released end-2025 price projections. For XRP, the model outlines a bearish collapse scenario versus a bullish case tied to a final SEC lawsuit resolution in August. Solana’s outlook hinges on ecosystem growth and potential ETF-driven institutional adoption, while failure to break resistance could trigger a pullback. Dogecoin faces declining memecoin dominance, with upside dependent on broader payment adoption, while weaker sentiment could lead to further retracement despite holding key…
The Office of the Comptroller of the Currency (OCC) granted conditional approval for national trust bank charters to five digital asset firms on Friday, including Ripple, Circle, and Fidelity Digital Assets, according to an official release. Summary The OCC granted conditional national trust bank charters to five major digital-asset firms—including Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets—integrating them directly into the federal banking system and Fed payment rails. The approvals, enabled by the new GENIUS Act and paired with Interpretive Letter 1188, give these firms expanded authority to settle stablecoins like USDC through the Federal Reserve and conduct riskless-principal…
Summary Silver hit record highs while U.S. Treasury yields surged. Crypto skeptic Peter Schiff says this reflects mounting stress following the Fed’s recent rate cut and renewed quantitative easing. Chart data shows silver’s rally has been steady and technically strong, with higher highs, higher lows, and no speculative volume spikes—supporting the view that investors are repositioning amid declining confidence in current monetary policy. Silver prices reached record levels as U.S. bond yields continued climbing, prompting economist Peter Schiff to question the Federal Reserve’s recent monetary policy decisions. Schiff stated that silver is trading at an all-time high, while gold has…