Trading Signals News & Guides

The Federal Reserve aligns with other US banking regulators in removing previous crypto guidelines, allowing banks greater autonomy in cryptocurrency activities. This significant policy shift, which awaits further clarification from Congress, aids in supporting banking innovation within evolving risks, while the Fed monitors banks’ crypto dealings through routine supervision.

The Swiss National Bank’s Chairman, Martin Schlegel, rejects calls to add Bitcoin to the bank’s reserves amidst increasing macroeconomic turmoil. This decision comes in response to the local crypto industry’s pressure, with crypto brokers arguing that holding Bitcoin makes more sense as global dynamics shift. Despite the ongoing campaign to constitutionally mandate the bank to hold Bitcoin, Schlegel cites concerns such as lack of stability, liquidity issues, and security risks as reasons for not adopting the cryptocurrency.

Bitcoin trading hits recent high, currently near $95,000. An upbeat week for stocks has raised investors’ risk appetite. ARK Invest expects Bitcoin to rise to around $300,000 to $1.5 million by 2030. Crypto stocks are also on the rise, with MSTR and COIN leading gains. The week also saw eased regulatory burdens for banks with crypto offerings.

MagicBlock, a tech firm developing real-time applications on Solana, recently raised $7.5 million in a seed funding round. This follows a $3 million pre-seed round, taking their total to $10.5 million. The firm plans to use the capital to expand its engineering team and infrastructure. MagicBlock’s Ephemeral Rollups technology offers apps fast speeds and flexibility without leaving Solana. The startup works with various projects to enable real-time trading, gaming, and communication directly on Solana.

Japanese investment giant SoftBank announces its support for a new bitcoin investment venture, Twenty One Capital, alongside well-known crypto stakeholders Tether, Bitfinex, and Cantor Fitzgerald. The investment represents SoftBank’s renewed interest in the crypto sector and is seen as a positive sign of increased institutional crypto adoption. However, the past experiences of SoftBank’s founder, Masayoshi Son, who incurred substantial losses in a previous bitcoin investment, raise questions about the potential success of this new venture.

Polygon Labs CEO, Marc Boiron, calls for a shift in decentralized finance (DeFi) practices, suggesting sustainable treasury management, owned liquidity and transparent models as solutions to the ongoing liquidity crisis. He urges protocols to prioritize economic sustainability over quick returns, predicting a more stable DeFi environment with institutional involvement by 2023. Find out more about Polygon’s approach to sustainable DeFi and its potential impact on the ecosystem.

Pi Coin faces downward trends with investors shifting to Yeti Ouro, a prominent rising contender showing strong presale returns and a promising gaming platform. Yeti Ouro’s offering, Yeti Go, is a game-changing PVP game rewarding winners with YETIO tokens, creating buzzing conversations across social media platforms as it enters stage 4 of its presale.

Digital bank Revolut records a colossal profit of over £1 billion in 2024, majorly fueled by the surge in cryptocurrency trading. The fintech firm’s wealth revenue, which includes crypto, commodities, and savings products, noted an impressive 298% increase. With a customer base exceeding 50 million for the first time in 2024, and Bitcoin’s remarkable 120% price hike, Revolut has typified the lucrative potential of the crypto boom.

Bitcoin’s value took a significant leap, nearing the $100,000 mark after a 4-month falling wedge. The article discusses potential market impact and key price levels, examining the possibility of a rise to $107,000 and support levels at $85,000 and $76,000. It also touches on global economic factors impacting Bitcoin’s performance.

Bitcoin miner Riot Platforms secures a $100 million credit agreement with Coinbase, using bitcoin as collateral for expansion plans. The agreement provides Riot, holding over $1.8 billion in BTC, a credit line that enables operations and growth without issuing new shares. The loan will carry a variable yearly interest of at least 7.75% with a term of 364 days. The loaned funds will be used for strategic initiatives and corporate purposes, secured by Riot’s bitcoin reserves.

Riot Platforms secures a $100 million Bitcoin-backed credit facility from Coinbase, marking its first Bitcoin-backed loan. This arrangement is slated to support the company’s growth initiatives and general corporate operations. Riot owns the third-largest corporate Bitcoin treasury with roughly $1.8 billion in Bitcoin holdings. The credit line carries an annual interest rate of 9% and is scheduled for maturity in a year’s time, with a possibility of extending for another year.

Explore how the traditional balanced investment portfolio is being disrupted by current global market conditions, including geopolitical tensions and inflation. Learn about the declining performances of U.S. stocks and bonds and how alternative assets like gold and Bitcoin take center stage, serving as potential safe havens amidst the volatility.