Real-world asset (RWA) protocols have become increasingly popular in decentralized finance (DeFi) circles. These protocols allow entities to tokenize and trade a variety of real-world assets, including stocks, government bonds, real estate, and commodities. Referred to as asset tokenization protocols, they offer certain advantages over traditional finance (TradFi) by making smart contracts transparent and enabling
Analysis
According to the latest market update from trading firm QCP Capital, crypto investors should brace themselves for macro-fueled price action involving Bitcoin (BTC) and Ether (ETH), but not due to toothless US regulators. Even if the US Securities and Exchange Commission (SEC) continues to go after crypto, it will not cause the mass price depreciation
On June 10, Bitcoin (BTC) reached its lowest point in three months, with BTC/USD hitting $25,483, down over $1,200 from the previous day’s high. This occurred as altcoins were hit particularly hard by United States regulatory pressure. The delisting of several cryptocurrencies that accompanied U.S. legal action against major exchanges caused major altcoins to react
According to a recent report from on-chain analytics firm Glassnode, investors are increasingly directing their capital towards low-risk assets such as stablecoins and Bitcoin. The report suggests that technicals indicate altcoins are currently at a critical turning point, poised to experience either a positive or negative breakout. Glassnode’s analysis of Uniswap and futures trading volumes
Bitcoin’s price has lost steam due to the failed retest of the $27,400 resistance on June 6, indicating that investors are less confident after the regulatory actions against Binance and Coinbase by the United States Securities and Exchange Commission (SEC). Both exchanges are being sued on multiple counts, including failure to register as licensed brokers
Bitcoin (BTC) managed to recover some of its lost ground after the June 6 Wall Street opening despite new legal action from United States regulators. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD has been rebounding and reached $26,250 on Bitstamp. It had earlier dipped to almost three-month lows of $25,350 after news
The United States Securities and Exchange Commission (SEC) has sued cryptocurrency exchanges Binance and Coinbase, leading to a retest of Ether’s price at $1,780. However, Ether bulls should be relieved that the cryptocurrency did not break below the 67-day support. The SEC’s move is a double-edged sword for Ethereum (ETH), as indicated by analysts on
On June 5, Bitcoin (BTC) experienced a decline to multi-day lows as trading on exchanges intensified. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD wicking fell to $26,640 on Bitstamp. The pair looked weak, down almost 3% from the weekend’s highs, as key support lines moved closer. Among these was the 200-week moving
On June 5, Bitcoin’s price fell by 5% in just one hour after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance for allegedly violating federal securities laws. Even though Bitcoin’s $25,500 support held up, investors are still processing the potential effects of the regulatory action, which also involves Binance CEO Changpeng
On June 2, the price of Arbitrum (ARB) experienced a 9% increase to reach an intraday high of $1.25. The rise in price was higher than the overall gains of 1.5% in the crypto market. This increase in price was attributed to the US Senate’s decision to raise the debt limit. Andrew Kang’s Crypto Investments