Solana (SOL) and Ethereum (ETH) may see substantial price increases driven by an unexpected factor. This article delves into a crucial element that could be pivotal for these cryptocurrencies. Readers will discover which digital assets are poised for potential growth, sparking curiosity about the mid-term price predictions. Solana Price Analysis: Recent Trends and Key Levels Solana has shown a blend of slight recovery and a significant drop in recent periods. Over the last week, the coin registered a modest gain of 1.56%, hinting at some short-term strength. However, in the past month, it declined by approximately 10.36%, and looking back…
Author: cryphedge
Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11.However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank “has to be ready” even though demand remains uncertain. He added that US lawmakers are discussing legislation that “will allow us to figure out whether there’s really a business proposition,” referring to a bill that would create uniform requirements for reserve quality, redemptions, and disclosures. The remarks signal…
Guggenheim and Ripple have teamed up to bring a US Treasury-backed fixed-income asset to the XRP Ledger (XRPL). Guggenheim is reported to have issued and redeemed $10.3 trillion of Asset-Backed Commercial Paper (ABCP) in the last 27 years. Guggenheim, a reputable investment manager in the US, has announced a strategic partnership with Ripple to expand its digital commercial paper offering effectively. According to the press statement, this development highlights the growing relationship and the relentless commitment to bridge the crypto native enterprise and traditional finance. Meanwhile, this collaboration occurs between the blockchain company and Guggenheim Treasury Services, a subsidiary of…
Bitcoin (BTC) price has faced a mild resistance of around $110,300 in the past three days. The flagship coin has formed a short-term bearish sentiment, coinciding with the trade deal between the United States and China.After experiencing significant hype in the last few weeks, the closure of the U.S.-China tariff negotiations have triggered a short term sell-the-news narrative on Bitcoin. Moreover, BTC price dropped more than 1 percent in the past 24 hours to trade about $108,728 on Wednesday, June 11, during the mid-North American session.Key Bitcoin Fundamental Aspects to Consider Before the End of this WeekU.S PPI Data on…
The Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, ending the filibuster option and moving the bill toward a final floor vote that will require a simple majority.Majority Leader John Thune, who controls the chamber’s schedule, started the 30-hour post-cloture clock immediately after the tally. Hagerty amendment eases partisan objectionsLawmakers can now debate a substitute amendment negotiated by Senator Bill Hagerty before voting to adopt that language and then the entire measure. This sequence can conclude on either June 16 or June 17, according to Alex Thorn, Galaxy’s…
Author Hongji Feng Author Hongji Feng About Author Hongji is a crypto and tech reporter. He graduated from Northwestern University’s Medill School of Journalism with a Bachelor’s and a Master’s. He has previously interned at HTX (Huobi Global),… Share Last updated: June 11, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects…
A well-known trader has taken a short position of $60.8 million on Ethereum amid its recent profits. Ethereum is finding it hard to surpass the resistance area at $2,750, which caused past price rejections. Whales continue to buy ETH in huge quantities, as analysts indicate the potential for consolidation or decline. Ethereum’s price has edged above $2,700, triggering cautious optimism among traders. However, a mix of whale accumulation and renewed short interest from a high-profile trader is keeping sentiment balanced. With resistance forming at $2,750, Ethereum’s next move could set the tone for the broader altcoin market. According to on-chain…
Uniswap, a rising DeFi token in the crypto market is the top performer in the last 24 hours. The fuel – Paul Atkins, the chairman of the US Securities and Exchange Commissions (SEC) supporting self-custody and American spirit of DeFi. Paul Atkins Speec Triggers DeFi Rally In the Fifth and Last SEC Crypto Roundtable, themed “DeFi and the American Spirit,” gave fuel to the Uniswap price rally. In the afternoon session on June 9, Chair Paul Atkins stated that the Commission may be looking at an “innovation exemption” for DeFi projects like Uniswap, which rekindled some demand for the token.…
The post $25 Today, Lambo Tomorrow? $KOPS ICO Is Where Degens Win Big appeared first on Coinpedia Fintech News An exciting announcement has arrived from the KOPS ecosystem. The KOPS has commenced its ICO on May 17, allowing early participants to gain big. Along with the ICO, the KOPS team has initiated a referral program through which investors can multiply their profits as well as contribute to the growth of the KOPS ecosystem. Referral Program: A Win-Win for Early Investors The referral program is launched wth a motto to incentivize and reward early buyers. In order to participate in the…
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has… Share Last updated: June 11, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from…
