Author: Kryptonews
The Moscow Exchange has launched bitcoin -linked futures contracts on Wednesday, yet the product is only available for qualified investors.The futures, seemingly tied to the value of the U.S.-listed iShares Bitcoin Trust ETF (IBIT), will be quoted in U.S. dollars per lot, though settlement will be handled in Russian rubles.The exchange said it would offer quarterly futures with the first expiration in September 2025, TASS reports.The launch builds on momentum from other Russian financial players exploring crypto exposure without direct asset ownership. The Saint Petersburg Stock Exchange, TASS adds, has been testing similar cash-settled futures.The country’s largest bank Sberbank is…
In brief California Assembly unanimously passed AB 1180 allowing state agencies to accept crypto payments, now heading to Senate. If enacted, the bill would take effect July 2026 as a pilot program through 2031 before full implementation. California would join Florida, Colorado, and Louisiana in accepting cryptocurrency for state obligations. A new bill has been passed by the California State Assembly which will mean state agencies are able to accept crypto payments if it comes into law.The vote was a unanimous 68-0 and now moves to the Senate where it can be taken further.Assembly Bill 1180 (AB 1180), passed on…
Key takeaways:Ether’s price is up 46% in 30 days.ETH/BTC is up 30% in the past month, signaling stronger demand for Ether.Spot Ethereum ETFs see 12 consecutive days of inflows.Ether’s price is up by 7% over the last three days, leading to optimism among traders that the biggest altcoin is ready for a breakout. Interestingly, the ETH/BTC trading pair has also increased, boosting Ether’s recovery prospects in the coming days.Traders expect ETH price recovery to continueData from Cointelegraph Markets Pro and TradingView showed Ether’s (ETH) price trading at $2,630, up 46% over the last 30 days.“ETH appears poised for a significant…
The Bitcoin network is currently grappling with slower-than-usual transaction speeds, leading to frustration among users and raising familiar concerns about its scalability. Reports indicate a significant backlog of unconfirmed transactions, resulting in longer wait times and potentially higher fees for those trying to move their Bitcoin. Understanding the Bitcoin Bottleneck The crux of the issue lies in the inherent design of the Bitcoin blockchain. Each block, which contains batches of confirmed transactions, has a limited size of approximately 1MB. This constraint, while designed to promote decentralization and security, can become a bottleneck when transaction volume surges. When the number of…
The Hidden Cost of NFTs: Understanding Their Environmental Toll NFTs (Non-Fungible Tokens) have exploded in popularity over the past year, with artists, celebrities, and investors diving headfirst into the digital collectibles market. The hype around NFTs has been undeniable—pieces selling for millions, virtual artwork becoming mainstream, and brands jumping in on the trend. But beneath the sleek digital exterior lies a shocking truth: NFTs come with a massive carbon footprint, and the scale of their environmental impact is staggering. The Energy Problem Behind the Blockchain The majority of NFTs are built on the Ethereum blockchain, which currently operates on a…
An analyst who has earned the Master Trader rank on the crypto exchange Bybit thinks Solana (SOL) looks good after recovering a key support level. Pseudonymous analyst Bluntz tells his 319,800 followers on the social media platform X that Solana is flashing a swing failure pattern (SFP) on the four-hour chart after losing support at $160 at the end of May, only to recover the price level days later. An SFP is typically viewed as a reversal pattern, and in Solana’s case, the inability of bears to push prices lower indicates a failure to sustain downward momentum, potentially triggering a…
The California State Assembly has unanimously passed AB 1180, a bill that allows state agencies to begin accepting Bitcoin and other digital assets as payment for certain regulatory fees.Authored by Assemblymember Avelino Valencia (D-Anaheim), the legislation cleared the Assembly floor on June 3 with a decisive 78–0 vote (2 NV) and is now under review by the Senate Rules Committee.If enacted, the bill would require California’s Department of Financial Protection and Innovation to develop rules allowing businesses regulated under the state’s Digital Financial Assets Law to pay licensing and examination fees using digital assets. The pilot program would launch on…
Bitcoin has been displaying a period of consolidation against the US Dollar (BTC/USD), leaving many traders and analysts wondering if a significant breakout is on the horizon. Factors influencing this potential move range from macroeconomic indicators to on-chain activity and technical analysis. Recent price action has been characterized by sideways movement, creating a sense of anticipation within the crypto community. Will Bitcoin finally escape its current range, and if so, in which direction?## Technical Indicators and Price PatternsAnalyzing the BTC/USD chart reveals several key technical indicators providing clues about potential future price movements. The Relative Strength Index (RSI) is hovering…
Cudis is set to launch its Token Generation Event (TGE) via Binance Wallet, in parallel with PancakeSwap. Built on the BNB Chain, the event will offer early participants access to Cudis’ native governance and utility token.Event DetailsBlockchain: BNB ChainSubscription Window: June 5, 2025, from 08:00 to 10:00 UTCEligibility Criteria: Based on users’ Binance Alpha PointsToken Launch: Trading for CUDIS will go live at 10:00 UTC on June 5, 2025, via Binance Wallet DEX and PancakeSwap.What is Cudis?Cudis is the world’s first longevity protocol that integrates blockchain technology, wearable devices, and artificial intelligence to empower individuals with full ownership of their…
Ethereum appears to be gaining momentum again, supported by growing institutional interest and a potential shift in market sentiment. At press time, Ethereum (ETH) is trading at $2,634, up 1.2% in the past 24 hours. This comes after a minor pullback from its local high of $2,771 set on May 29, which saw ETH drop to $2,482 before recovering. Notably, ETH is still up 44% over the past 30 days, making a solid comeback after a 45% drop in Q1 2025. New on-chain data from Lookonchain, shared on June 3, shows that BlackRock recently reduced its Bitcoin (BTC) holdings in…
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