XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.Source
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Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.Source
PoliFi Tokens Down Double Digits on Claims DJT Token Has Trump’s Backing
The former president’s son Barron is spearheading the project, Pirate Wires reported on X, without naming its sources.Source
Trump and Biden Likely Won’t Shake Hands at Debate, Prediction Market Says
Meanwhile, there’s a prediction market on whether the U.K. newspaper The Guardian will correct an article about prediction markets.Source
ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $800M
The layer-2 blockchain ZKsync, has kicked off its highly anticipated airdrop of its ZK token, with 45% of the tokens already claimed.Source
Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins
As bitcoin’s volatility is nearing historically low levels, the crypto market is in need of news or catalysts to bring traders to action, one market participant noted.Source
Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin
The company revealed that its also running Bitcoin and Lightning network nodes.Source
Crypto Trading Firm Cumberland Acquires New York’s BitLicense
The firm said it’s one of the only principal trading firms to hold the state’s crypto license.Source
Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck
The Australian Securities Exchange (ASX), which accounts for 90% of Australia’s equity market, has approved its first spot-bitcoin {BTC} exchange-traded fund (ETF), according to a blog from the issuer VanEck.Source
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.Source