From Calm to Chaos and Back Again. A Lighthearted Look at Daily Financial News and Events Moving Global Markets
The crypto markets have entered one of their most turbulent phases since the 2022 downturn, and the shockwaves are rippling far beyond digital‑asset circles. What’s unfolding right now is not just another correction but a full‑scale confidence crisis, fuelled by regulatory pressure, liquidity stress, and a sharp reversal in investor sentiment. Collapse At the centre …
Bitcoin has officially entered a bear market, having fallen more than 25% from its October peak of $126,000. This downturn is rippling across the wider crypto sector, dragging Ethereum, Solana, and other altcoins into steep declines as investor sentiment turns risk-off. Bitcoin’s recent plunge below $95,000 marks a decisive shift into bear market territory. After …
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Changpeng Zhao, better known as CZ, has been released from prison following a high-profile pardon by President Donald Trump. The Binance founder had served a four-month sentence after pleading guilty to violating U.S. anti-money laundering laws—a conviction that formed part of a $4.3 billion settlement with the Department of Justice. CZ’s release marks a dramatic …
Continue reading “Changpeng Zhao Walks Free: Crypto’s Controversial King Returns”
In a surreal twist that briefly defied economic logic, Paxos—the blockchain infrastructure firm behind PayPal’s PYUSD stablecoin—accidentally minted $300 trillion worth of digital dollars in a technical mishap. The error, reportedly spotted on Ethereum’s public ledger Etherscan, triggered a wave of astonishment across crypto circles before Paxos swiftly burned the excess tokens and issued a …
Trump Media & Technology Group (TMTG) has made headlines with its latest announcement of a partnership with Crypto.com to launch a series of exchange-traded funds (ETFs) and related products. This news has sparked a surge in TMTG’s stock, which rose by approximately 9% in after-hours trading, despite a challenging year that saw the stock down …
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President Donald Trump has announced the creation of a ‘strategic crypto reserve’ that will include Bitcoin, Ethereum, XRP, Solana, and Cardano. This move aims to position the United States as the ‘crypto capital of the world’ and has already led to significant price increases for these cryptocurrencies. The announcement was made on Truth Social, where …
As we progress through 2025, it’s evident that the initial excitement surrounding Donald Trump’s election win, artificial intelligence (AI), and cryptocurrency has begun to wane – but for how long? Investors and the general public seem to be growing more cautious, reflecting a shift in sentiment towards these once highly anticipated topics. Trump’s tariffs In …
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On 21st January 2025, the U.S. Securities and Exchange Commission (SEC) announced the formation of a new cryptocurrency task force under the leadership of President Donald Trump. This initiative marks a significant shift in the regulatory landscape for digital assets, aiming to provide a comprehensive and clear framework for the industry. Task force The task …
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Melania Trump has launched a meme coin called ‘Melania’ The meme coin was announced on the eve of Donald Trump’s inauguration as president of the United States. It comes days after President-elect Donald Trump launched his own meme coin, ‘Official Trump.’ In a disclaimer on the meme coin’s official website, potential buyers are told that Melania …
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The advent of quantum computing presents both opportunities and challenges for the field of cryptography, especially in relation to cryptocurrencies. Quantum computers, leveraging the principles of quantum mechanics, have the potential to revolutionise computing by solving certain problems significantly faster than classical computers. One of the primary concerns is the impact of quantum computing on …
In a significant turn of events, the 2024 U.S. elections have ushered in what many are calling the most pro-crypto Congress in history. The significant shift in political dynamics is largely due to the substantial financial support from the cryptocurrency industry, which has strategically funded political campaigns to foster a legislative environment favourable to digital …
Continue reading “Has BIG tech just bought the most pro-crypto U.S. Congress ever?”
Bitcoin reaches a new record high, nearing the $100,000 mark as the cryptocurrency rally marches on. Other altcoins are rallying too, basking in the aftermath of the SEC resignation news. Gary Gensler, Chair of the Securities and Exchange Commission, will step down on 20th January 2025 (Trumps inauguration day), an announcement made by the SEC …
Gold prices have fallen to near a two-month low as the dollar strengthens in the wake of Donald Trump’s election victory last week. This downturn has halted the bullion’s rally, which had achieved a series of record highs over the past year. Gold has seen a decline in six of the seven most recent trading …
Continue reading “Trump U.S. election win drives gold price down and Crypto up!”
Ripple has announced the launch of a range of features designed to assist banks and fintech’s with the storage of digital tokens, marking a significant expansion into the realm of crypto custody. Crypto custody services, which support clients in managing their crypto assets, represent a new venture for Ripple, now unified under the brand Ripple …
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Creditors of the disgraced cryptocurrency exchange FTX are set to receive up to $16.5 billion (£12.6 billion) following a bankruptcy plan sanctioned in the U.S. on Monday This settlement concludes a tumultuous period that began with the company’s bankruptcy in November 2022, which left millions of customers without access to their funds. Last year, the …
Continue reading “Failed crypto firm FTX set to pay customer refunds”
The retail investment platform Robinhood has announced the introduction of cryptocurrency transfers in and out of its app for European customers As part of its international expansion efforts, the company aims to enhance its product offerings in the region. According to a blog post-dated Tuesday 1st October 2024, Robinhood will enable customers within the European …
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The cryptocurrency market experienced a significant plunge on Sunday/Monday, 5th August 2024, losing approximately $270 billion in value within a 24-hours. Both Bitcoin and Ether underwent substantial declines as investors moved away from high-risk assets. This downturn followed the Nasdaq’s worst three-week performance in two years and occurred as the Nikkei 225 reached a low …
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The Dow Jones Industrial Average closed at a record high Tuesday 16th July 2024, rallying 743 points for its biggest one-day increase in more than a year, as the bull run appeared to broaden. The small cap-focused Russell 2000 also rose for the fifth straight day, rising 3.5% fast closing in on a new record high as …
Digital assets have soared recently to unprecedented heights and then plummet just as quickly. It’s an extremely volatile financial environment. Amid this volatility, the European Union’s securities watchdog, the European Securities and Markets Authority (ESMA), has sounded a cautionary note. The Concentration Conundrum ESMA’s latest report highlights a considerable concern: the high level of concentration in …
Continue reading “Crypto trading ‘concentration’ apparently raises alarm for EU watchdog”
Ripple CEO Brad Garlinghouse anticipates the total value of the cryptocurrency market will double this year. He references the launch of the first U.S. Bitcoin exchange-traded fund (ETF) and the forthcoming Bitcoin halving event as key factors. “The overall market capitalization of the cryptocurrency industry is expected to double by the end of this year, …
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New rules and risk assessments for UK Crypto traders Coinbase and Gemini, for example, are among cryptocurrency exchanges that now require U.K. users to fill out risk assessments. These questionnaires are designed to test their financial knowledge. The measures are a response to new rules in the UK. The rules require crypto companies to clearly …
Crypto related stocks climbed Monday 8th January 2024 as the price of Bitcoin increased again to its highest level since April 2022. Crypto exchange Coinbase rose 3%, while Block and Robinhood, which also offer Bitcoin trading services, added 3% and 5%, respectively. Mining stocks enjoyed gains too: Marathon Digital and Riot Platforms advanced some 8% each. CleanSpark and Iris Energy both added 6%. ETF decision closer Bitcoin rallied above $47,000 …
Bitcoin surged Monday and Tuesday 1st and 2nd January 2024, climbing above $45,000 to hit its highest level in nearly 21 months, as the rally in cryptocurrencies continues. Other cryptocurrencies have joined in the rally, with Ether and Solana both rising. Traders are anticipating the potential approval of a bitcoin exchange-traded fund (ETF) in the …
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For true cryptocurrency bulls, the most lucrative investments in 2023 were in the stock market. While Bitcoin rallied over 150% for the year, shares of Coinbase, Marathon Digital, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared some 688%. Outperform Not only have …
Singapore is planning to introduce stricter regulations for cryptocurrency service providers in order to protect retail customers from the higher financial risks associated with digital assets. Some of the proposed measures Requiring crypto service providers to disclose the fees and charges for their services, as well as the risks and volatility of the crypto assets …
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Sam Bankman-Fried, founder of the world’s biggest cryptocurrency exchange, has been found guilty of fraud and money laundering at the end of a month-long trial in New York. He was accused of lying to investors and customers and stealing billions of dollars from FTX, which went bankrupt in November 2022. He now faces up to 115 …
Continue reading “Sam Bankman-Fried, the Crypto King found guilty of FTX fraud”