News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.
VIPLeading projects on Optimism
The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
- 00:26Former SafeMoon CEO Asserts Innocence, Blames FounderMay 8 news, according to Cointelegraph, former SafeMoon CEO John Karony stated on social media on the first day of the trial in New York that he "did not commit fraud," insisting on his innocence and accusing platform founder Kyle Nagy of being the mastermind behind the embezzlement incident. Nagy fled to Russia after being charged. Karony is charged with securities fraud, money laundering, and two other counts. The case is expected to be heard until May 26, and he is currently out on $3 million bail.
- 00:09Powell: Tariffs "Far Exceed Expectations," Fed's Goal Achievement Process May Be Delayed Until Next YearMay 8 news, Federal Reserve Chairman Powell stated at a press conference that the tariffs implemented by U.S. President Trump on April 2 local time "far exceeded expectations." The current tariff levels may lead to a slowdown in economic growth and could prompt a rise in long-term inflation. "If the announced significant tariff increases are sustained, inflation and unemployment rates may rise, and economic growth may slow down. The impact on inflation may be temporary, reflected in a one-time change in price levels, but it could also be more persistent," Powell said. Powell indicated that given the scope and scale of the tariffs, the risks of rising inflation and unemployment rates will certainly increase. If tariffs ultimately remain at current levels, the Federal Reserve's process of achieving its goals may be delayed until next year.
- 00:09The U.S. Treasury Department to Hold Multiple Crypto Industry Roundtables Next WeekOn May 8, former Tech Crunch journalist Jacquelyn Melinek posted on social media that the U.S. Treasury will hold a series of private roundtable meetings with members of the cryptocurrency industry next week to discuss ecosystem issues covering different areas such as DeFi, banking, and cybersecurity.