News – Coinedict

Bitcoin and Altcoins Slide Amid Global Uncertainty: Key Takeaways

Casey11 hours ago11 hours ago03 mins

The cryptocurrency market is experiencing a broad pullback, with Bitcoin retreating from its recent high of 107,000 to 107,000 tov 104,900 (-0.49%) and major altcoins like Ethereum (-3.87%) and Solana (-6.24%) facing steeper losses. Here’s what’s driving the downturn and what to expect next. Why the Market Is Tumbling Altcoin Performance Snapshot Token Price 24h Change Bitcoin $104,900 -0.49% Ethereum $2,469 -3.87% Solana $164.57 -6.24% XRP $2.34 -3.61% Other notable declines: Dogecoin (-6.09%), Cardano (-4.50%) 1. Long-Term Outlook: Reasons for Optimism Key Support Levels to Watch: What’s Next? Bottom Line: While volatility persists, the crypto market’s fundamentals remain robust—making this dip a potential buying opportunity for long-term investors.

ROSE Token Slumps 9% Amid Market-Wide Bearish Pressure

Casey11 hours ago11 hours ago02 mins

The Oasis Network’s native token ROSE fell sharply today, losing 9% of its value to trade at $0.0314 amid broader market weakness. This decline marks ROSE’s lowest price point in several months as cryptocurrency investors retreat from riskier assets. Market Performance Highlights Driving Factors Behind the Drop The selloff comes as the entire cryptocurrency market faces pressure following Moody’s downgrade of the U.S. credit rating. Bitcoin’s pullback from $107,000 has created ripple effects across altcoins, with ROSE being particularly affected. While ROSE had shown strong performance in recent weeks – up 68% from its April low of $0.019 – the current downturn suggests traders are taking profits and reducing exposure to smaller-cap tokens. Technical Outlook Chart analysis shows: The Oasis Network continues developing its confidential Ethereum Virtual Machine technology and recently announced AI-powered trading tools. These innovations could help ROSE recover when market sentiment improves. What Comes Next? Investors will be watching: While the short-term picture appears challenging, Oasis’s strong technology foundation may position ROSE for recovery when conditions stabilize.

Russian Crypto Exec Arrested in $15M Fraud Case: What We Know

Casey11 hours ago11 hours ago02 mins

A Moscow court has ordered the detention of Vladimir Smerkis, co-founder of crypto gaming project Blum, on charges of “large-scale fraud” – just one day after he officially stepped down from the company. The Arrest Details Smerkis’ Controversial Past The former Binance CIS head has been linked to two questionable projects:The Token Fond (2017): Raised 8Mbeforesuddenlyshuttingdown Tokenbox :Collected8Mbeforesuddenlyshuttingdown Tokenbox Collected7M in investments before its TBX token crashed and vanished What This Means for Blum The gaming platform claims Smerkis had already exited operations, but:Timing Raises Questions: Resignation coincided with law enforcement movesCommunity Concerns: Investors now scrutinizing Blum’s leadership and finances Bigger Picture Russia has recently tightened crypto regulations, and this high-profile case could signal: Key Question: Were Smerkis’ past ventures truly fraudulent, or is this part of Russia’s broader crypto suppression?

Thumzup Jumps on Crypto Wave: Now Accepts Stablecoin Payments via Stripe

Casey12 hours ago12 hours ago02 mins

Los Angeles-based Thumzup Media (NASDAQ: TZUP) is making bold moves in the crypto space. The social media marketing firm just announced it’s integrating Stripe’s “Pay with Crypto” feature, allowing businesses to purchase ads using stablecoins like USDC. Why This Matters “We’re building bridges between traditional advertising and Web3,” said CEO Robert Steele. The move comes as the White House pushes to make the U.S. a crypto innovation hub. How It Works Advertisers can now pay for Thumzup’s services using cryptocurrency through Stripe’s seamless integration. Meanwhile, everyday users still get paid via PayPal for promoting brands on social media through Thumzup’s app. Bigger Picture Thumzup isn’t just dipping toes in crypto – it’s diving in:✔️ Filed to raise $200M to fund Bitcoin acquisitions✔️ On track to onboard 1,000 advertisers by mid-2025✔️ Developing AI tools and a Lifestyle AI Agent Marketplace With Coinbase safeguarding its crypto holdings and Stripe processing payments, Thumzup is positioning itself at the intersection of marketing and blockchain technology. The Bottom LineAs more companies explore crypto payments, Thumzup’s early adoption could give it an edge in the competitive digital marketing space. Investors will be watching to see if this crypto gamble pays off long-term.

Moody’s Downgrades US Credit Rating – Bitcoin Holds Steady Near $103K

Casey2 days ago2 days ago02 mins

Bitcoin (BTC) showed remarkable resilience after Moody’s downgraded the U.S. credit rating from Aaa to Aa1, citing soaring debt and unsustainable fiscal policies. Despite the macro shock, BTC traded at 103,000∗∗,just∗∗2.8103,000∗∗,just∗∗2.82.045 trillion. Key Takeaways U.S. Credit Downgrade: Moody’s joined S&P (2011) and Fitch (2022) in stripping America’s AAA rating, citing: Bitcoin’s Stability: BTC barely reacted, reinforcing its safe-haven narrative. Technical Outlook: Why Bitcoin Didn’t Flinch Institutional Demand: Spot ETFs and corporate buyers (e.g., Strategy, Twenty One) offset macro fears.Scarcity: Exchange reserves at multi-year lows as long-term holders accumulate.Policy Hedge: Investors view BTC as protection against dollar debasement and debt crises. What’s Next? Bottom Line: While traditional markets fret over U.S. credit, Bitcoin’s decoupling strengthens its case as digital gold.

Stablecoin Market Surges to $243B as Tether Dominates

Casey2 days ago2 days ago02 mins

The stablecoin market has reached a **record 243.8billion∗∗inmarketcap,with∗∗Tether(USDT)∗∗tighteningitsgripastheundisputedleader,nowcommanding∗∗62243.8billion∗∗inmarketcap,with∗∗Tether(USDT)∗∗tighteningitsgripastheundisputedleader,nowcommanding∗∗62151B). Key Market Trends Tether’s Dominance: USDT’s market cap surged to **151B∗∗,upfrom151B∗∗,upfrom91B in early 2024.USDC Holds Second Place: Circle’s USDC remains the runner-up with $60.4B.Rising Contenders: Why Stablecoins Are Booming Cheaper Than Traditional Payments Mass Adoption in Transactions Institutional & Retail Demand What’s Next? Bottom Line: Stablecoins are now a $243B pillar of crypto—and Tether remains king

Bitstamp Secures Coveted EU License Under MiCA Regulations

Casey2 days ago2 days ago03 mins

In a major regulatory milestone, Bitstamp has become one of the first cryptocurrency exchanges to receive a Crypto Asset Service Provider (CASP) license under the EU’s Markets in Crypto-Assets (MiCA) framework. Approved by Luxembourg’s financial regulator (CSSF), this license grants Bitstamp a European Passport, allowing it to operate across the European Economic Area (EEA) with expanded services. What This Means for Bitstamp & EU Crypto Users Full Compliance: Bitstamp can now legally offer crypto trading, order execution, and custody services under MiCA’s strict standards.European Expansion: The “passporting” feature enables seamless operations in 30+ EEA countries without additional approvals.Investor Protection: MiCA’s rules prioritize consumer safeguards, including transparency and reserve requirements. CEO Statement:“This license reinforces our commitment to secure, compliant crypto services for European customers. MiCA’s clarity helps build trust in the industry.” Why MiCA Approval Matters The Bigger Picture Bitstamp’s approval sets a precedent for other exchanges (Coinbase, Kraken) seeking MiCA licenses. As the 2025 MiCA deadline approaches, more crypto firms will need to comply—or risk exiting the EU market. What’s Next? Expect Bitstamp to leverage this license for new EU-focused offerings, potentially influencing crypto adoption across Europe.

Leveraged XRP ETF Shatters Inflow Records Despite Price Volatility

Casey2 days ago2 days ago02 mins

XRP’s price struggles, Wall Street is betting big on its future. The Teucrium 2x Long Daily XRP ETF (XXRP), launched in April, has surpassed 106millioninassets∗∗—with∗∗106millioninassets∗∗—with∗∗30.4 million added last week alone, its strongest inflow yet. Key Takeaways Record Demand: XXRP’s inflows outpace Ethereum spot ETFs (2.5BsinceSept.)and∗∗2XSolanaETF(SOLT)∗∗(2.5BsinceSept.)and∗∗2XSolanaETF(SOLT)∗∗(30M).JPMorgan’s Bullish Outlook: Predicts XRP & Solana ETFs could draw $15B in first year, with XRP leading.June Catalyst: The SEC’s decision on Franklin Templeton’s XRP ETF—likely delayed, but 83% approval odds in 2024 (per Polymarket). Why Is XXRP Gaining Traction? XRP Price vs. ETF Performance What’s Next? SEC’s XRP ETF Decision: A spot ETF approval (expected by Oct. 15) could supercharge momentum.Market Watch: If XXRP inflows continue, it may pressure regulators to fast-track more crypto ETFs.

France Ramps Up Protection for Crypto Executives After String of Violent Attacks

Casey3 days ago3 days ago03 mins

In response to a surge in kidnappings targeting cryptocurrency industry leaders, France is stepping up security measures to protect executives and their families. The move comes after multiple high-profile abduction attempts, including a recent attack in central Paris. Why Is France Taking Action? French Interior Minister Bruno Retailleau called the trend unacceptable, vowing to deploy “specific tools” to deter future attacks. What’s Being Done? Éric Larchevêque, Ledger’s co-founder, praised the government’s response, noting France has become “ground zero for crypto kidnappings.” Broader Implications What’s Next? France’s plan is a first step, but long-term solutions—like better privacy safeguards for crypto executives—may be needed. For now, the industry watches to see if these measures curb the violent trend. Stay Updated: Further developments expected after government-crypto sector talks.

Pi Network Price Dips Below Key Support – Can Upcoming Catalysts Spark a Rebound?

Casey4 days ago4 days ago03 mins

Pi Network’s native token, PI, has taken a sharp downturn, falling to $0.86 amid mixed market sentiment. Despite recent negative price action, several potential rebound catalysts loom on the horizon. What’s Driving the Decline? The breach of the $0.89 support level suggests further downside risk—unless upcoming developments shift momentum. Potential Rebound Catalysts Technical Outlook: Neutral with Glimmers of Hope Key Levels to Watch: Final Thoughts Pi Network’s price is at a critical juncture. While the recent drop is concerning, upcoming events could reignite interest. If the team delivers on decentralization updates or exchange listings, a rebound is possible. Otherwise, further declines may follow. What’s Next? Keep an eye on Consensus 2025 and any official exchange listing news—these could be the make-or-break moments for PI’s price.

Solv Protocol Launches RWA-Backed Bitcoin Token on Avalanche with BlackRock Support

Casey4 days ago4 days ago02 mins

Bitcoin holders now have a new way to earn passive income—with real-world assets (RWAs) backing their yields. Solv Protocol, a Bitcoin staking platform, has unveiled SolvBTC.AVAX, a yield-generating Bitcoin token built on Avalanche’s blockchain. Key Highlights of SolvBTC.AVAX How It Works Ryan Chow, Solv Protocol’s founder, calls this “a bridge between Bitcoin and traditional finance”—not just another yield product. Why This Matters With BlackRock’s BUIDL fund already entering DeFi (via Euler Labs), institutional-grade RWAs are becoming a major force in crypto. SolvBTC.AVAX could attract more Bitcoin holders into DeFi, combining security, yield, and institutional trust. Coming Soon: Expect more integrations as Solv and Avalanche push Bitcoin-based financial products further into mainstream adoption.

Coinbase Partners with Webull Pay to Supercharge Crypto Trading

Casey4 days ago4 days ago03 mins

In a major move for crypto enthusiasts, Webull Pay has teamed up with Coinbase to bring a smoother, more powerful trading experience to its users. Starting June 2025, Webull Pay will integrate Coinbase’s Crypto-as-a-Service (CaaS), giving customers access to secure trading, staking, and even USDC transactions—all backed by Coinbase’s trusted infrastructure. What This Means for Traders For Webull Pay users, this partnership means:More crypto options – A wider selection of coins to trade.Better security – Institutional-grade protection for digital assets.Earn while you hold – Staking rewards for supported cryptocurrencies.Seamless USDC transactions – Fast, stablecoin-based payments. Stephen Yip, CEO of Webull Pay, shared his excitement: “By partnering with Coinbase, we’re unlocking next-level crypto features for our users. This isn’t just about trading—it’s about giving people more control, flexibility, and opportunities in the fast-changing crypto market.” A Step Toward Global Crypto Adoption Both companies are also exploring ways to expand their services worldwide, potentially bringing Webull Pay-branded crypto solutions to new markets. With Coinbase’s robust technology and Webull Pay’s user-friendly platform, this collaboration could set a new standard for accessible and secure crypto trading. Why This Matters As crypto adoption grows, partnerships like this make it easier for everyday investors to trade safely and efficiently. Whether you’re a seasoned trader or just getting started, the Webull Pay and Coinbase integration could be a game-changer. Stay tuned for the official launch in June 2025—this could be your ticket to a smarter crypto experience!