| Mobile Web

All articles List

Crypto

Ethereum downside risk grows as bears warn of another 20 percent drop

Ethereum could fall further to the $1,700 range as exchange inflows rise and demand for spot exchange-traded funds (ETFs) slows, an analysis said. Market analysts cited the possibility of an additional 20 percent decline from current levels. Ethereum rebounded about 40 percent from multi-month lows below $1,800 but failed to break $2,400 resistance. Analysts also pointed to record net position changes across exchanges and continued outflows from U.S. spot Ethereum ETFs.

Crypto

Japan corporate-led blockchain to issue yen stablecoin for B2B payments

The Japan Blockchain Foundation plans to issue EJPY, a yen-pegged stablecoin, on Japan Open Chain and Ethereum. The token is designed as a trust-based stablecoin for uses including business-to-business payments, digital asset payments, remittances and payments for Web3 services. The foundation will act as consignor and is in talks with trustee candidates. Detailed issuance conditions have not been set, but it is targeting a launch within the year.

Crypto

Bitcoin bullish bets grow on Clarity bill hopes, but market could move against crowd

Optimism on bitcoin is rising quickly as the United States moves to advance the digital asset market clarity bill known as the Clarity bill, but warnings have emerged that crowd sentiment may be overheating. Santiment said markets generally move against public expectations, citing a post-vote surge in bullish social media reactions. Others said the bill could be a catalyst, while officials noted the legislative process is not finished and support is still needed.