Market analysis, price movements, and trading insights
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The price of World Liberty Financial's token dipped about 7% early on Monday, later reported to be the result of a social media and short-seller attack.
The Board of Peace is exploring the creation of a stablecoin for Gaza, according to reporting from the Financial Times.
The initiative targets institutional demand across Asia-Pacific, offering DeFi tools, liquid staking, and execution services designed for traditional finance firms entering the crypto space.
A spokesperson for Laurore said the $436 million IBIT stake “reflects personal investment conviction,” as records link it to a mainland China passport holder.
Ethereum founder Vitalik Buterin has been selling ETH in the last few days as the second-largest crypto asset continues its fall.
Another prominent crypto firm has secured a bank charter from the OCC, with Crypto.com joining Circle, Ripple, and others.
IQMM's historic first-day launch underscores how traditional cash funds are adapting to compete in a stablecoin-driven landscape following the passage of the GENIUS Act.
Crypto has been nearly perfectly correlated with a key software sector ETF, and that gauge has tumbled another 5% Monday to a new 52-week low.
USD1 briefly fell to about $0.99707 on Monday morning, a drop that typically would not be considered a stablecoin depeg.
The company’s native token, WLFI, also fell 7% around the same time that its stablecoin, USD1, briefly fell below a dollar peg.
XRP has formed a classic bearish pattern on its two-day chart, and if confirmed, a price drop to $0.80 could be in the cards over the next few weeks.
