Author: CoinNewsJunction.com

The crypto crash accelerated this week, with Bitcoin tumbling to the key support at $80,000 and the market capitalization of all tokens falling to $2.90 trillion. Summary The crypto crash accelerated this week, with most coins being in the red. There are signs that a new bull run is around the corner, including the falling Fear and Greed Index. Bitcoin and most altcoins have moved into their oversold territories. Most altcoins have fallen by double digits in the last seven days, with Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), and Cardano (ADA) falling by over 12%. Still, amid the ongoing…

TLDR: Senate committee advances Selig as CFTC and crypto debate accelerates across trading circles. Market demand for onchain derivatives increases pressure on CFTC rulemaking choices. Posts from Pedersen and Chervinsky frame the vote as a key policy inflection point. Retail access concerns sharpen industry focus on upcoming Senate floor action. The Senate Agriculture Committee advanced Mike Selig’s nomination for CFTC Chair on a tight 12–11 vote. No Democrats supported the move, according to reporter Brendan Pedersen.  The nomination now heads to the Senate floor for a broader decision. The shift comes as the debate over CFTC and crypto gains new…

America’s crypto momentum is erupting as urgent federal action to unlock digital asset innovation barrels toward center stage, promising transformative clarity across taxation, regulation and decentralized development. Push for Federal Crypto Clarity Intensifies A strong push for American crypto leadership is accelerating as industry groups outline swift federal actions to expand digital asset innovation. Solana […] Source link

TLDR: Coinify enables USDC payments on Algorand, streamlining merchant settlements globally. Merchants can now receive instant USDC settlements from all supported cryptocurrencies. Algorand’s low-cost, secure network underpins faster and cheaper stablecoin transactions. Integration advances adoption of USDC for commercial payments across Coinify’s merchant network. Consumers can now pay using USDC on Algorand via Coinify’s payment gateway, marking a notable crypto adoption step. Merchants can settle payments in USDC on Algorand after customers pay with any supported cryptocurrency.  The integration offers Algorand users a secure, low-cost method for stablecoin transactions across Coinify merchants. This move aligns with Algorand Foundation’s goal to…

XRP has been hit by one of its most aggressive sell waves this year, with on-chain data revealing that major whale wallets offloaded nearly 200 million XRP, roughly $400 million, within just 48 hours. Related Reading: Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target? According to Santiment analytics, wallets holding between one million and ten million tokens were the primary contributors, adding significant sell-side liquidity to an already fragile market. This sudden influx of supply arrived at a time when XRP was already battling bearish sentiment across the broader crypto space. The asset slipped 10.32%…

Binance CEO Richard Teng says crypto’s recent volatility mirrors broader market conditions amid global deleveraging. Summary Binance CEO Richard Teng says crypto is not uniquely affected in the recent crash Investors in all markets are changing their risk assessments over macro uncertainty While volumes across the crypto market dipped, there are no structural shifts or liquidity issues Bitcoin’s sharp 21% decline over the past month may have spooked retail traders, but Binance’s CEO Richard Teng says there’s no need for panic. On Friday, November 21, Teng spoke at a media roundtable in Sydney, where he highlighted that the decline is…

TLDR: $41B liquidated in crypto since October 1, with $20B lost in one day. Daily liquidations now reach $100M–$1B, even on stable global market days. Open interest collapsed, thinning liquidity and amplifying price volatility. Digital Asset Market Clarity Act targets wash-trading, spoofing, and transparency gaps. Crypto markets have experienced unprecedented sell-offs since early October, with $41 billion liquidated across major assets.  On October 10 alone, nearly $20 billion vanished in less than 24 hours. This surge occurred despite stable global equities, strong corporate earnings, and no major macro shocks.  Traders and liquidity providers continue facing pressure as the market reacts…

Key takeaways VeChain price projection suggests a peak price of $0.0321 by 2025. Traders can expect a minimum price of $0.0566 and a maximum price of $0.0675 by 2028. By 2031, VeChain’s price could potentially surge to $0.15. Despite occasional market volatility and significant regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, which is vital for the vechain ecosystem positioning itself as a leader in blockchain-based solutions for global supply chain, transparency, product authentication, and data management. Overall, the prevailing sentiment within the VeChain community regarding the current market cap and the demand is one of optimism and…

TLDR: Hedera integrates Axelar, connecting its network with 60+ major blockchains for asset transfers. SaucerSwap becomes first DEX on Hedera to integrate Axelar for user-friendly cross-chain transfers. Axelar enables programmable cross-chain communication, allowing developers to build multi-chain applications. Hedera’s interoperability strategy grows with CORAL and SquidRouter expanding ecosystem connectivity. Hedera has officially integrated Axelar, a cross-chain protocol linking more than 60 major blockchains, including Solana, Arbitrum, and XRPL. The integration allows users to transfer assets directly to Hedera through Axelar’s infrastructure.  Developers can now build applications that operate across multiple networks using Hedera’s ecosystem. This expansion marks a significant step…

TLDR: Bill proposes letting Americans pay federal taxes in Bitcoin through a structured reserve plan. Strategic Bitcoin Reserve would store all Bitcoin tax payments as long-term federal assets. Proposal cites Bitcoin’s scarcity and inflation resistance as core reasons for the reserve. The bill aims to keep the United States competitive as major nations accumulate Bitcoin. A new proposal in Washington aims to let Americans pay federal taxes using Bitcoin. The Bitcoin for America Act was introduced this week by Rep. Warren Davidson.  The measure directs all Bitcoin tax payments into a Strategic Bitcoin Reserve. The proposal seeks to strengthen financial…