Author: Kryptonews

Artificial intelligence-focused stocks are coming under pressure on Friday, dragging tech-related equities and bitcoin BTC$92,441.66 lower during the early U.S. session.Chipmaker Broadcom (AVGO), the ninth largest asset by market cap, tumbled 10% despite strong earnings as its outlook disappointed investors’ lofty expectations.The Nasdaq index was down over 1% in the first hour of the session. Adding that to Oracle’s 10% slump on Thursday and a further 3% decline on Friday, as investor concerns are mounting that the red-hot AI theme that fueled much of this year’s stock market gains might be fizzling out.Bitcoin, trading around $92,500 overnight, plunged 2% following…

In brief A total of 315 victim letters were submitted to the court ahead of Terraform Labs founder Do Kwon’s sentencing on Thursday. The U.S. judge said the letters were “impactful” and cited them ahead of sentencing Kwon to 15 years in prison. The letters detail the real-life impact the Terra collapse had on victims, including suicide, bankruptcy, and declining health. There were potentially millions of victims of the $40 billion collapse of Terra’s UST and LUNA, a U.S. judge said during Terraform Labs founder Do Kwon’s sentencing on Thursday. And 315 of those victims submitted letters that detailed suicide,…

Ethereum is trading above the $3,200 level as bulls attempt to push the price back toward higher resistance zones, but market sentiment remains fragile. Fear and uncertainty continue to dominate as several analysts warn that the broader trend may still point toward a potential bear market. Yet, beneath the volatile price action, key on-chain data is revealing a development that could shape Ethereum’s next major phase. Related Reading According to a new report from CryptoQuant, a historic signal tied to the realized price of whales holding more than 100,000 ETH has emerged once again. This metric, which tracks the average…

Key takeaways:SOL funding rates signal low bullish conviction after a 46% price drop, despite Firedancer’s launch and rising Solana network transactions.Solana DApp revenues and DEX activity have weakened sharply, suggesting broader market fatigue even as Solana’s ecosystem grows.Solana’s native token, SOL (SOL), has failed to sustain prices above $145 for the past four weeks. A decline in network activity amid reduced demand for decentralized applications has negatively impacted SOL’s outlook. With Solana’s TVL now down more than $10 billion from its September peak, onchain metrics are flashing signs that user participation is cooling faster than expected. Solana TVL (left) vs. 7-day…

Bitcoin (BTC) battled stubborn horizontal resistance Friday with $94,000 next on bulls’ radar.Key points:Bitcoin keeps up pressure on familiar resistance levels as optimism over market strength increases.The recent pullback was the result of “manipulative” forces, analysis says.Gold on the way to new all-time highs is an “extremely bearish” macro headwind for Bitcoin.BTC price: Days or weeks until “upwards breakout”Data from Cointelegraph Markets Pro and TradingView showed wavering BTC price action after a trip to $95,500 the day prior. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUp against several resistance features on the daily chart, BTC/USD coiled for what some said should be a…

The Depository Trust Company, the U.S. financial market infrastructure provider that clears and settles securities trades, said the SEC has given it informal approval to move ahead with a tokenization service for some assets it already holds in custody, without facing enforcement action.The letter sets conditions for a time-limited rollout and ongoing reporting while keeping the underlying securities on DTC’s existing custody rails.It would allow DTC to offer DTCC Tokenization Services in a controlled production environment under federal securities laws and regulations. DTC anticipates a rollout in the second half of 2026.SEC grants conditional green light for DTC’s tokenization pilotAccording…

Europe’s crypto regulatory framework is entering a new phase of scrutiny as policymakers weigh whether enforcement of the Markets in Crypto-Assets (MiCA) regulation should remain with national authorities or be centralized under the European Securities and Markets Authority (ESMA).MiCA, which came largely into force at the beginning of 2025, was designed to create a unified rulebook for crypto-asset service providers across the European Union.But as implementation progresses, disparities between member states are becoming harder to ignore. Some regulators have approved dozens of licenses, while others have issued only a handful, prompting concerns about inconsistent supervision and regulatory arbitrage.In this week’s…

Five digital asset firms have received conditional approvals Friday to become federally chartered trust banks by the Office of the Comptroller of Currency (OCC) in a major step to bring U.S. dollar stablecoin issuers under federal regulatory oversight.Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank are on the list, which also includes BitGo, Fidelity Digital Assets and Paxos, each having previously operated under state charters that will be converted to conditional federal status.The OCC is the only federal agency that charters banks and trusts, and this surge in approvals potentially marks a major turning point in crypto…

The CEO of a Canadian national stepped down on Thursday following a special commissioner’s determination that she had mistreated staff throughout her decade-long tenure, using slurs and misogynistic language to refer to senior leadership. “In early December as the board was gaining a better understanding of the report—its timing, content and the expectations of government—the board confirmed CEO Marie Chapman’s decision to retire, and effective today, she has stepped away from her role,” Cynthia Price Verreault, chair of the Museum of Immigration at Pier 21’s board of trustees, wrote in a letter to stakeholders and staff on Thursday. Related Articles…

A growing rift has emerged in Washington, D.C., between the cryptocurrency industry and labor unions as lawmakers debate whether to ease rules allowing cryptocurrencies in 401(k) retirement accounts.The dispute centers on proposed market structure legislation that would allow retirement accounts to gain exposure to crypto, a move labor groups say could expose workers to speculative risk. In a letter sent on Wednesday to the US Senate Banking Committee, the American Federation of Teachers argued that cryptocurrencies are too volatile for pension and retirement savings, warning that workers could face significant losses.The letter drew immediate pushback from crypto investors and industry…