Author: admin

In brief A panel of federal appeals judges appeared doubtful Tuesday that Sam Bankman-Fried’s conviction should be overturned. The judges pressed his Bankman-Fried’s attorney, Alexandra Shapiro, on claims that the FTX founder was barred from fully explaining legal advice he received, and that jurors were misled about FTX customers’ losses, during his trial. The panel, which emphasized that later repayment of victims is not a valid defense for financial crimes, will issue a final ruling at a later date. A panel of federal appeals judges appeared highly skeptical Tuesday of an attempt by Sam Bankman-Fried’s attorneys to see the onetime…

NEW YORK — The XRP Ledger’s ability to support both value transfer and real-world payments from a single platform could give it a structural advantage in the growing crypto ETF market, according to derivatives exchange Bitnomial founder and CEO Luke Hoersten.“What I think is unique about XRP and RLUSD is you have a single ledger that is driving a two-prong strategy, one of wealth storage and transfer in XRP, and the other is in RLUSD, which is payments,” Hoersten said at Ripple’s Swell conference in New York on Tuesday. “Having that both on a single ledger with a single strategy,…

Bitcoin price descended to levels below $100,000 on the Coinbase exchange, during the afternoon hours of the US session on Tuesday. It followed Ethereum’s move to turn negative for 2025, amidst the altcoin’s steepest daily drop in months. Bitcoin Brief Breaks Below $100,000While the US was busy with the New York mayoral elections on Tuesday, the Bitcoin price briefly slipped below the $100,000 mark on the Coinbase exchange. Sponsored SponsoredIt lasted only for a moment before a quick pullback, with BTC trading for $100,977 as of this writing. As of this writing, the intra-day low for the pioneer crypto was…

Ripple, the blockchain tech firm closely associated with the XRP Ledger (XRP) network, said on Monday it has acquired crypto wallet provider Palisade to expand its institutional custody and payments offering.Palisade’s wallet-as-a-service platform will be integrated into Ripple Custody, a product designed for banks and corporates handling digital assets, stablecoins and tokenized real-world assets.Ripple said Palisade brings tools for high-speed, high-frequency use cases — like on- and off-ramps or enterprise payment flows — where users need secure wallets that can be created and deployed quickly. The tech also supports multiple blockchains and can interact with decentralized finance (DeFi) protocols.Ripple’s broader…

Bitcoin weakness triggers top calls. But an analyst says if $125K was the peak, $107K support would have collapsed months ago. Bitcoin kicked off November with fresh weakness as it slipped toward $107,000, as the market remained on edge about deeper downside tests. Because the market still hasn’t shown any real strength, a growing number of traders now believe that $125,000 marked the official cycle top. But crypto analyst Mr Wall Street is now directly opposing the popular narrative. He argues the exact opposite and explained that the current price behaviour proves that this level is nowhere near a…

Biotech company Tharimmune has raised $540 million in private funding to launch a crypto treasury strategy and acquire Canton Coin (CC), the native token of the Canton Network.The private offering, among the largest digital asset financings to date, was led by DRW and Liberty City Ventures, with participation from ARK Invest, Polychain Capital, Kraken, and other institutional investors. The round values Tharimmune’s shares at $3.075 each.Tharimmune said the funds will be used to purchase CC tokens, support general operations, and expand its role within the Canton ecosystem. The company also plans to become a Super Validator, operating additional nodes to…

Falling exchange reserves from 180 million LINK to 146 million LINK indicate a collapse in structural sell pressure. Chainlink (LINK) has lost almost 30% over the past month, including a fresh 8% drop in the last 24 hours alone. The latest data, however, suggests that the token might be quietly entering one of its strongest accumulation phases in recent memory. Strong Accumulation Signal Over just the past 30 days, CryptoQuant found that more than 15 million LINK have left centralized exchanges, and when zooming out to the start of the year, the pattern becomes way more meaningful. Interestingly, the…

SUI, the native token of the Sui network, plunged 9% to $2.10 over the past 24 hours, sharply underperforming the broader crypto market during a sector-wide selloff.The token’s 4.89% lag behind the crypto market suggests the move wasn’t just about market weakness but that it was SUI-specific.The selloff carried the hallmarks of institutional liquidation. Prices dropped from $2.32 to test critical support, with trading volume surging 53% above the 7-day average. The spike in activity points to large-block repositioning, not a retail-driven panic.At the core of the move was a decisive breakdown at $2.16. SUI dropped through that level on…

Brazilian digital bank Banco Inter has completed a blockchain-based international trade finance pilot with Chainlink, the Central Bank of Brazil and the Hong Kong Monetary Authority (HKMA), showcasing how distributed ledger technology can simplify cross-border settlement.The experiment took place under Phase 2 of Brazil’s Drex central bank digital currency (CBDC) project and simulated the settlement of export transactions between Brazil’s Drex network and Hong Kong’s Ensemble platform, a blockchain system developed under the HKMA’s Project Ensemble initiative. Chainlink provided the interoperability infrastructure connecting the two networks, according to Banco Inter.Banco Inter has previously worked with Chainlink, including in an earlier Phase…

A painful decline or a renewed rally: what’s next for HYPE? HYPE – the native cryptocurrency of the decentralized exchange Hyperliquid – was among the crypto sensations this summer, reaching an all-time high price of almost $60 in mid-September. However, its valuation has retraced substantially since that peak, and one popular analyst believes the downfall might be just starting. Major Crash on the Horizon? The popular X user, Ali Martinez, analyzed the price performance of HYPE and argued that its chart could be forming a classic head-and-shoulders pattern. He said a drop to $36 will confirm that scenario, which…