Crypto News Today
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Binance offers to buy FTX's non-U.S. operations to fix 'liquidity crunch'
Binance has reached a deal with Sam Bankman-Fried’s FTX to buy the crypto exchange.
Swiss City of Lugano to make Bitcoin and Tether 'De Facto' legal tender
The municipality wants businesses to accept crypto in everyday transactions.
FTX Sees Rise in Withdrawals as Binance Plans to Sell FTT Coin
FTT, Solana among tokens falling after Binance announcement.
Polygon's MATIC Closes In on $1 Level After Recent Breakout
MATIC has cleared daily cloud resistance and the 200- day MA in a short-term bullish development, one observer said.
Bitcoin Becoming Less Volatile Than Stocks Raises Warning Flag
Low volatility, low volume is not a good mix, ARK analyst says. Crypto's not a retail asset class anymore, says Galaxy's Grant.
America's Oldest Bank, BNY Mellon, Will Hold That Crypto Now
Founded by Alexander Hamilton, BNY Mellon is the first large U.S. bank to safeguard digital assets alongside traditional investments.
Opimas CEO 'Not surprised' About Bitcoin's Correlation to Gold
Bitcoin's correlation with gold hits its highest level in over a year. Opimas CEO Octavio Marenzi says he's "not surprised" by this correlation, because "the arguments of buying either one are very similar" in this market. But, he adds that this correlation won't be permanent.
It's Lonely in the Metaverse: DappRadar Data Suggests Decentraland Has 38 'Daily Active' Users in $1.3B Ecosystem
Data from DappRadar suggests metaverse platforms Decentraland and The Sandbox each have fewer than 1,000 "daily active" users, despite $1 billion valuations. The platforms say these numbers don’t tell the full story.
Ethereum Finishes Long-Awaited Energy-Saving 'Merge' Upgrade
Software revision seen cutting network electricity use by 99%. Danger of bugs and other hiccups remain as the chain forks.
Bitcoin Is on a Bumpy Ride. Where the Latest Crypto Rally Could Top Out
Optimism over the macro picture and a falling U.S. dollar have buoyed Bitcoin. Also, an upgrade to the second-largest crypto network is injecting volatility.
Russia Intends Using Stablecoins to Bypass Western Penalties
Russia is progressing with its plan of bypassing penalties. Vice Finance Minister Alexy Mioseyev revealed today that the nation is trying to experiment with stablecoins as a means of payment ally nations.
Investors Continue Buying Bitcoin Dip as Price Drops Below $19,000
The number of BTC wallets holding between one and ten BTC has risen to an all-time high as bitcoin drops below $19K.
Crypto Exchange Binance to Stop Supporting Larger Rival USD Coin (USDC)
The action effectively removes the world's second-biggest stablecoin, USD coin, as a tradable asset on Binance's giant platform.
Playing the Merge: How to Get Free Money From Ethereum's PoS Upgrade
A planned Ethereum Proof-of-Work fork will credit ETH holders with an equal amount of ETHW on the newly forked chain after the Merge.
No, Terra Classic Isn’t Going to $1. Here’s Why
Excitement over a Luna Classic burn mechanism has many calling for it to hit a dollar. But Terra fans should temper their expectations.
Ethereum to $3,000? Analyst Envisions 80% Surge For ETH In September
ETH remains the people's favourite amidst this persistent bear market, mainly due to its recent feats in network activity and the upcoming merge.
Ethereum’s long-awaited proof-of-stake transition set to start on September 6th
The Ethereum Foundation says it will begin the much anticipated Merge process on September 6th, with an estimated completion date of September 15th-16th.
Ethereum Overhaul Risks Creating a New Class of Kingpins
A handful of 'builders' may hold lots of power after upgrade. Builders may make money via market making, other services.
Sudden crypto drop sends Bitcoin to 3-week low
Cryptocurrencies fell sharply on Friday, with sudden selling dragging Bitcoin to a three-week low.
Bitcoin Falls for a Fifth Straight Day
Fairlead Strategies Founder and Managing Partner Katie Stockton discusses her crypto markets analysis and outlook as the price of bitcoin (BTC) dips lower for a fifth consecutive day.
Ethereum Founder Forecasts Blockchain Merge on Sept. 15
Final test known as Goerli was completed earlier this week. Developers are expected to set a definite date next week.
Tether also confirms its throwing weight behind the post-Merge Ethereum
Tether's announcement comes after USD Coin (USD) issuer Circle confirmed it was also supporting Ethereum’s upcoming Merge upgrade and switch to a proof-of-stake (PoS) consensus mechanism.
BlackRock, Fresh off Coinbase Tie-Up, Offers Direct Bitcoin Exposure
The institutional-investor-focused spot bitcoin private trust will track the price of the cryptocurrency.
Iran makes $10M import with crypto, plans ‘widespread’ use by end of Sept
By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries.
Morgan Stanley’s New PAVA Indicator Divides ETH Users Into 'Believers' and 'Speculators'
The indicator monitors the extent ETH’s pricing is driven by blockchain network usage versus speculative activity.