Ether treasury companies are holding millions of dollars in unrealized losses, and the falling mNAV valuations and ETH’s potential to fall below $2,500 may further complicate matters. Read More at https://cointelegraph.com/news/eth-dats-have-a-problem-ether-s-crash-below-dollar3k-vaporized-a-year-s-worth-of-gains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author Archives: pdgweb
AI hedge fund Numerai wins backing from top university endowments, token soars
Numerai’s NMR token jumped over 40% after it announced a new funding round led by major university endowments, pushing the hedge fund to a $500M valuation. Read More at https://cointelegraph.com/news/numeraire-token-university-endowment-backing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Prospective CFTC chair’s nomination advances through committee
Acting CFTC Chair Caroline Pham may be one step closer to leaving the agency after the Senate Agriculture Committee advanced US President Donald Trump’s pick to replace her. Read More at https://cointelegraph.com/news/michael-selig-cftc-chair-nomination-committee-vote?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana ETF inflows soar: When will SOL price follow the trend?
Solana’s newly launched ETFs continued to attract heavy inflows, but a weakening market structure threatens a deeper correction to $120 for SOL price. Read More at https://cointelegraph.com/news/solana-etf-inflows-soar-when-will-sol-price-follow-the-trend?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin for taxes? Proposed bill would let Americans pay the IRS in BTC
Tax revenue denominated in Bitcoin would be funneled into the US strategic BTC reserve and would not trigger a taxable event for the payer. Read More at https://cointelegraph.com/news/us-lawmaker-bill-federal-taxes-pay-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Advocacy groups urge Trump to intervene in the Roman Storm retrial
Already convicted of one felony charge and facing a possible retrial on two others, the Tornado Cash co-founder’s future is uncertain. Read More at https://cointelegraph.com/news/crypto-advocacy-groups-donald-trump-roman-storm-retrial?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut
Bitcoin weakness persists as the BTC price drops to $86,000, alongside a US stock market sell-off and diminishing odds of a 50-basis-point Fed interest rate cut at the next FOMC. Read More at https://cointelegraph.com/news/bitcoin-stocks-crumble-after-nvidia-earnings-and-fed-uncertainty-over-next-rate-cut?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase launches ETH-backed loans as onchain lending tops $1.25B
Users can borrow up to $1 million in USDC against their Ether as Coinbase expands its Base-powered network, which has processed $1.25 billion in loans. Read More at https://cointelegraph.com/news/coinbase-ether-backed-loans-us?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin slump to $86K brings BTC closer to ‘max pain’ but great ‘discount’ zone
Analysts say Bitcoin is nearly in its “max pain” zone as the cost basis of BlackRock’s IBIT and Strategy’s massive BTC treasury draws near. Read More at https://cointelegraph.com/news/bitcoin-slump-to-dollar86k-brings-btc-closer-to-max-pain-but-great-discount-zone?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India’s government may consider stablecoin framework, diverging from RBI
India’s government is considering adopting a stablecoin regulatory framework while the Reserve Bank of India urges a “cautious” approach. Read More at https://cointelegraph.com/news/india-government-consider-stablecoin-framework-diverge-rbi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound