Author: AltCoinDrops.com
XRP is trading in a quiet range between $1.38 and $1.40, but new derivatives data indicates the calm may be masking a more unstable setup beneath the surface. A CryptoQuant analysis by Pelinay shows that XRP’s leverage structure is low and moving sideways, while its price action has been relatively higher than the leverage, and this has created a divergence that history has shown to resolve through a forceful explosive move. Related Reading XRP Holds Strong Despite Sharp Decline In Leverage Ratio The CryptoQuant chart shared by Pelinay focuses on Binance’s estimated leverage ratio for XRP. The most important signal…
The crypto market recap for May 3 centered on U.S. regulation, tokenized securities, venture funding and Bitcoin-focused corporate activity. Summary Coinbase said Senate negotiators reached a stablecoin rewards deal, easing delays around the CLARITY Act. NYSE filed to trade tokenized securities under DTC’s pilot while preserving traditional share rights rules. Founders Fund raised $6 billion as Tether backed a Bitcoin merger involving Strike and Elektron. Coinbase reported progress on a key crypto bill, while the NYSE moved closer to tokenized stock trading under a DTC pilot. Coinbase says CLARITY Act deal clears key hurdle Coinbase said Senate negotiators reached a…
Entering 2026, the global cryptocurrency market remains highly active. Strategy’s $2.57 billion Bitcoin purchase once again highlights institutional investors’ continued interest in the long-term value of Bitcoin. It has also brought greater attention to Bitcoin Cloud Mining and Cryptocurrency Mining among global users. As Bitcoin and crypto assets become more widely adopted, more users are looking for ways to participate in cryptocurrency mining. However, traditional mining usually requires purchasing mining machines, covering electricity costs, and having the technical ability to maintain equipment. For ordinary users, the entry barrier can be relatively high. Against this background, Cloud Mining has become a…
In brief Beyond the high-profile $290 million Kelp DAO hack, Wall Street firms are concerned about their fiduciary responsibility to prevent state-sponsored bad actors from interacting with their systems. Digital Asset’s Yuval Rooz highlighted the Canton network’s “guardrail” design as a solution to infiltration, a feature that remains a point of contention for crypto purists. Rooz believes that Arbitrum’s 12-member security council didn’t do “a bad thing” by effectively freezing funds that Kelp DAO attackers had left exposed. North Korean-linked hacking groups have sent a shiver down the cryptosphere’s spine amid mounting losses for decentralized finance projects, but those fears…
Crypto onramping solution Fun has raised a $72 million Series A funding round co-led by Multicoin Capital and SignalFire, according to an announcement on Friday. The funding will help support the “deliberately small, engineering-led team,” including a push into the Asia-Pacific region with a new Singapore office, and through potential acquisitions. Founded in 2022, Fun provides background infrastructure to move value across blockchain rails, and powers the deposits, withdrawals, and settlement flows of some of crypto’s leading apps, including prediction market Polymarket, decentralized perps DEX Lighter, and lending protocol Aave. “Fun is focused on a simple but foundational problem: removing…
Crypto trade groups called for a markup of key market structure legislation within hours of U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) releasing a compromise text Friday on stablecoin yield in the Digital Asset Market Clarity Act, the final major sticking point in the bill.The text bars crypto firms from paying interest or yield on stablecoin balances in a manner economically or functionally equivalent to a bank deposit.It carves out rewards programs tied to “bona fide activities or bona fide transactions,” and directs Treasury and the CFTC to write rules within a year of enactment.Blockchain Association CEO Summer…
TLDR: Polymarket April fees hit $43.36M, driven by higher trading activity across global prediction markets Polymarket Global contributed $37.81M while the US added $5.55M, covering over 97% of total fees Annualized revenue nears $520M as prediction market usage expands across macro and event contracts Smaller rivals like Limitless and BNB Chain grow but remain far behind Polymarket’s liquidity dominance Polymarket April fees data signals a sharp expansion in on-chain prediction market activity, driven by record trading volumes and rising participation across global and US venues, as fee generation scales toward new highs and reshapes market behavior in the 2026 cycle.…
A crypto analyst has outlined a specific period he believes could be the right time to sell Bitcoin (BTC) for the most returns. Supporting his prediction, the analyst highlighted a recurring historical pattern that has marked major bullish turning points in BTC’s market cycles. He suggested that these past patterns could be used to determine the best exit points for traders in the ongoing cycle. Analyst Reveals Best Time To Sell Bitcoin Crypto market analyst Merlijn The Trader has cautioned that Bitcoin could be approaching a major turning point, urging traders to consider selling their coins to maximize returns. In…
Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances.BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule takes effect October 1, with adaptation deadlines running into 2027.Payments between an eFX provider and its foreign counterparty must move through a foreign exchange transaction or a non-resident real-denominated account in Brazil, with cryptocurrencies barred as an option.A remittance firm cannot take reais from a customer, convert the funds into USDT, USDC or bitcoin and settle…
A breakthrough agreement involving Coinbase Global Inc. has revived momentum for long-delayed US crypto legislation. This comes after lawmakers reached a compromise on one of the most contentious issues in the debate, stablecoin yield rewards. Coinbase Chief Legal Officer Paul Grewal had initially framed the CLARITY Act as critical unfinished business following the passage of the GENIUS Act last year. He called it a “watershed” moment for the crypto industry. The GENIUS Act established a regulatory framework for stablecoins. Still, it left a gap in the market structure. The CLARITY Act is expected to fill that by drawing clear jurisdictional lines…