Search results for Gracy Chen
Crypto
Bitcoin loss zone exceeds 8 million BTC as crypto selloff spreads to Ethereum, XRP
More than 8 million bitcoin are now held at a loss, while profitability indicators for Ethereum and XRP have also deteriorated, adding to a broader market slide. On-chain data cited in the report show a sharp drop in the share of tokens in strong profit. XRP metrics weakened further, with realised profit lagging losses and network fees falling sharply from 2025 levels. Market sentiment remains bearish, with bitcoin down over the past day.
Finance
Bitget launches Scan to Pay in emerging markets to expand stablecoin payments
Cryptocurrency exchange Bitget has launched a USDT-based QR payment feature, Scan to Pay, targeting emerging markets. The service will be offered first in some markets in Southeast Asia and Latin America and can process payments by linking to existing local payment networks without changing merchant systems. Users set a payment password and scan a merchant QR code. Bitget says the feature reflects a shift toward real-world crypto payments and highlights demand for accessible financial tools.
Crypto
RAVE token slumps 90 percent in a day as exchanges expand probe
RAVE token fell 90 percent in a day as exchanges broadened reviews of its trading activity, jolting the crypto market. Binance and Bitget began checks, drawing attention to possible market manipulation. RAVE DAO denied involvement in recent price moves but did not address specific on-chain suspicions. Focus has turned to token concentration in three multisignature wallets and large transfers to exchanges before the spike, alongside heavy liquidations.
