Bitcoin & Crypto News Today | 2 Min News | The Daily News Now!

Todays market update reveals a broad downward trend across digital assets, with major cryptocurrencies dropping by up to four percent. Despite a few smaller coins showing slight gains, the overall sentiment is one of consolidation following recent fluctuations. Analysts attribute this to a general market correction, influenced by various factors. Notably, one coin has plummeted over forty percent, while a few others have managed to climb. Investors will closely monitor the market for signs of recovery or further decline in the coming days.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Coinbase Dives into Solana Ecosystem, Streamlining Access to Solana Tokens: A New Era for Decentralized FinanceDNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

New blockchain data reveals that a single entity held nearly one-third of Pepes initial supply, contributing to significant selling pressure and casting doubt on the coins community-driven narrative. The projects website stated a fair distribution, but recent data suggests otherwise. Pepes price has plummeted, and the website was exploited in December. However, some traders have still made millions from the memecoin.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Cryptocurrency market sees mixed results, with top digital assets experiencing declines of over three percent in the last twenty-four hours. Major coins like Bitcoin and Ethereum are down by two percent and three point six four percent, respectively. Investors are cautious as the market remains volatile, with only a few coins showing slight gains.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Revolut and Trust Wallet Partner for Seamless Crypto Access: A New Era of User Control and SecurityDNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Cryptocurrency market dips after Fed rate cut, Bitcoin holds key support, altcoins struggle; Bitcoins volatility expectations decrease, Ethereum gains focus; altcoin season index remains low, investors favor Bitcoin and Ethereum.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Satsuma Technology, a UK-based Bitcoin firm, sold 579 of its 1199 Bitcoin holdings, netting £40 million. The sale aims to cover a £78 million loan repayment due December 31st. Despite the sale, Satsuma continues to pursue an LSE listing, with share prices slightly up but still down 30% over the past month.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Polish lawmakers push forward with crypto regulations, despite Presidents veto, highlighting tensions within the ruling coalition. The new bill, Bill two thousand fifty, is presented as an improved version of the previously vetoed Bill one thousand four hundred twenty-four, but critics argue its overly complex and overregulated. The President might not veto this new proposal following a classified security briefing, and theres speculation about an alternative draft aligning with the EU-wide MiCA framework. This ongoing debate in Poland sets a precedent for EU-wide MiCA implementation.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

The United Arab Emirates telecom giant, e&, is partnering with Al Maryah Community Bank to explore the use of a dirham-backed stablecoin, AE Coin, for everyday consumer payments. This collaboration is part of the UAEs push towards regulated digital finance, aiming to integrate stablecoin payments into real-world transactions. The stablecoin, designed for instant, transparent, and regulated digital payments, could be used for mobile and home services, top-ups, and managing recharges, as well as interacting with e&s digital platforms. If successful, this pilot program could pave the way for regulated digital tokens to power routine financial activities, making transactions smoother and more efficient.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Oracles lackluster earnings report, coupled with the Federal Reserves cautious outlook, is causing a downturn in financial markets, including cryptocurrencies and tech stocks. Bitcoin is trading near $90,000, down by 2.8% in the past 24 hours, while Nasdaq futures are down by 0.80%. Oracles revenue missed expectations, with weakness in new license sales and a decline in older software revenue. The companys long-term debt grew by 25% to nearly $100 billion, and cloud infrastructure revenue was below expectations. Oracles shares dropped over 10% in after-hours trading, dragging down other AI-related stocks and renewing discussions about the companys credit default swaps, which have reached their highest level since 2022.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

XRP faces potential 15% price drop, driven by falling transaction fees, waning speculator interest, and weakening market structure. Total daily transaction fees on XRP Ledger plummeted 89% since February, coinciding with a 59% drop in futures open interest and a fear zone social sentiment. Technical charts suggest a risk of further decline, with a potential drop to $1.73 if the price breaks below key support at $2. Investors advised to conduct own research.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

President Trumps push against debanking practices has led to a new report from the OCC, confirming past debanking activities and warning of potential penalties. The OCC examined nine major banks, finding policies that restricted certain industries from accessing banking services. The report linked to past public policies, particularly those concerning environmental issues, and suggested referrals to the attorney general. However, the report did not specify which laws might have been violated. The OCC had previously attempted to implement a rule allowing banks to assess risk factors individually, but this was set aside at the beginning of Bidens administration. Critics argue the report didnt go far enough, as it failed to mention regulators own reputation assessments.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

The Commodity Futures Trading Commission (CFTC) has established a new CEO Innovation Council, led by Acting Chairman Caroline Pham, to explore the future of derivatives markets, including tokenization, crypto assets, and blockchain technology. The council, featuring executives from crypto firms like Gemini and Kraken, alongside traditional financial powerhouses, aims to prepare the CFTC for upcoming changes in the financial landscape. This initiative is part of a series of rapid crypto-related developments under Phams leadership, positioning the US as a leader in digital asset policy.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

State Street and Galaxy Asset Management unveil plans for a tokenized liquidity fund, set to launch in early 2026, utilizing stablecoins for 24/7 investor transactions. The fund, named SWEEP, will initially operate on Solana, with later support for Stellar and Ethereum. Galaxy will employ Chainlink tools for seamless data and asset transfers across networks. This fund aims to provide institutions with blockchain-based cash-like assets, maintaining liquidity expectations from traditional sweep products. The project signifies a shift in bank-crypto firm dynamics, fostering a more integrated financial ecosystem.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Bhutan Launches Gold-Backed Digital Token, TER, on Solana Blockchain: A New Era for Global FinanceBhutan introduces its gold-backed digital token, TER, on the Solana blockchain, managed by DK Bank. This initiative, part of the Gelephu Mindfulness City, aims to attract global investment and build a strong digital economy. TER offers international investors a modern way to own gold digitally, with advantages of digital storage and global transferability. This move follows Kyrgyzstans gold-backed digital currency, USDKG, signaling a growing trend among smaller nations to combine traditional assets with regulated digital finance.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

XRPs price dropped by 4.3% as traders cashed in on Bitcoin profits, despite strong ETF inflows. Institutional selling caused a decisive rejection at a key resistance level, leading to a failed breakout. The decline in XRP on exchanges, coupled with a narrowing multi-month triangle pattern, creates a critical situation. The two-dollar mark is under pressure, and a break below could rapidly push the price towards one dollar and ninety-five cents.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Bitcoin experienced a significant drop this week, falling towards the ninety-thousand-dollar mark, as the broader crypto market gave back recent gains. The Federal Reserves interest rate cut failed to boost riskier investments, leading to a weakening desire for them. This downturn resulted in major cryptocurrencies extending their weekly losses, with over five hundred and fourteen million dollars in leveraged positions wiped out in one day. Bitcoin traded around ninety thousand, two hundred and fifty dollars, down about two point four percent in twenty-four hours. Other big tokens also felt the pinch, with Ether, Solana, and Dogecoin all showing negative returns over the past seven days. This recent pullback followed a brief spike above ninety-four thousand, five hundred dollars earlier in the week, but failed to break through resistance. Traders are now watching to see if Bitcoin can hold its ground near the ninety-thousand to ninety-one-thousand-dollar area, as a clear break below this point could expose the lower end of its current trading range.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Bitcoin maintains stability above $91,000 post-Fed rate cut, hinting at waning seller momentum. Large investors withdraw from exchanges. Japans rate hike anticipation and golds surge add market intrigue. CryptoQuant data suggests large investors incurred significant losses, potentially signaling selling pressures end.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Crypto Market Wipes Out $514M in Trading Positions in 24 Hours: A Massive Liquidation EventThe crypto market experienced a significant shake-up this week, with over $514 million in trading positions wiped out in just 24 hours. This massive liquidation event was triggered by a sudden price swing, forcing many traders to close their positions across major platforms. A large majority of these, about $376 million, were long positions, indicating that many traders were heavily positioned for continued growth before the market took an unexpected turn. Only $138 million in short positions were liquidated, highlighting the confidence many had in an upward trend. Over 155,000 individual traders were affected, with one of the largest single losses being a Bitcoin position worth over $23 million on the Hyperliquid platform. Major exchanges like Binance, Hyperliquid, and Bybit bore the brunt of these liquidations, with Binance alone seeing $144.6 million in liquidations, 76% of which were long positions. While these large-scale liquidations can cause short-term volatility, some analysts view them as a necessary clearing event that helps remove excessive leverage from the market and potentially set the stage for healthier growth in the future.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserves recent interest rate cut and Treasury bill purchases aimed at managing liquidity didnt prevent a cryptocurrency market downturn. Bitcoin and Ether both dropped, and the CoinDesk Twenty Index fell over four percent. This reaction could be due to Fed disagreements on inflation and employment, and hints of only one more rate cut in 2026. The market is uncertain about future rate paths, with some experts suggesting a market downturn might be needed for more decisive rate cuts. The Feds current purchases are for liquidity management, not quantitative easing.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.