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Yahoo
7 hours ago
- Business
- Yahoo
Ether Races 6% Against Bitcoin as GENIUS Act Puts Spotlight on Yield-Bearing Stablecoins: Analyst
Ethereum's native token ether (ETH), is gaining ground against bitcoin (BTC), as the impending GENIUS Act is likely to ban yield-bearing stablecoins that promise interest-like returns, according to Markus Thielen, founder of 10x Research. The Binance-listed ether-bitcoin ratio, representing ether's BTC-denominated price, rose over 5.96% to 0.02670 on Tuesday, registering its best performance since May 13, according to data source TradingView. The upswing marked a bullish resolution to the multi-week range play and suggests continued ether outperformance ahead. Ether's dollar-denominated price rose over 4%, topping $3,100 for the first time since February. According to Markus Thielen, founder of 10x Research, the key driver for ether's price surge is seemingly the growing anticipation that the GENIUS Act, or the U.S. stablecoin bill, will pass, restricting U.S. stablecoin issuers from paying interest. "That would potentially reinforce Ethereum's importance within the digital asset ecosystem," Thielen said in a client note shared with CoinDesk. Thielen added that the GENIUS Act has put the spotlight on Ethena's $5 billion synthetic dollar USDe, which achieves delta-hedging or cash and carry arbitrage by shorting perpetual futures equivalent to the amount of ETH received from users as collateral. That's how it generates yield on USDe. The long-prevailing theory is that the shorting operation adds to bearish pressures in the futures market and caps basis, the gap between futures and spot prices. "Ethena currently represents about 4% of Ethereum's $26 billion open interest, and by consistently selling futures, it has exerted downward pressure on ETH prices," Thielen said. Ethena has already reached out to the U.S. Securities and Exchange Commission (SEC) to seek clarity on synthetic dollars, such as the USDe. The team reportedly argued that the synthetic dollar functions as a payment instrument rather than a security and falls outside the scope of the GENIUS Act and the STABLE Act, which regulate payment stablecoin issuers. Ethena is headquartered in Lisbon, Portugal, with new dollar inflows primarily coming from outside the U.S. So, it remains to be seen how it fits the evolving regulatory picture in the U.S. "If Ethena were to comply with the U.S. stablecoin bill, it could be forced to stop buying Ethereum altogether. However, the market may be interpreting this dynamic differently—ENA-USDT continues to rally, supported by rising Ethereum funding rates," Thielen said, adding that the USDe is not offered in the U.S. and so Ethena is not at risk. Ethena has earned a total revenue of nearly $300 million over the past 12 months, trailing behind Tether, Ethereum, Circle and Solana, according to data source TokenTerminal. The protcol has also earned a fee revenue of $15 million in one month. "Ethena is performing exceptionally well with the rise in funding rates, which is encouraging numerous hedge funds to set up funding arbitrage strategies. We anticipate this will translate into increased inflows for Ethereum ETFs," Thielen told CoinDesk. The GENIUS Act, which got the Senate approval in June with bipartisan support, is expected to head for a floor vote in the House by Thursday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
The Weird Reason Bitcoin Has Avoided a Major Crash, According to Andrei Jikh
Whether you've invested in cryptocurrency or you're simply interested in what happens to it, you've probably been following Bitcoin in the news. Chances are you've even seen predictions about a major crash on the horizon. Discover More: Find Out: Despite these predictions, Bitcoin has thus far avoided a crash. In fact, it continues to go up. Why is this? Here's what Andrei Jikh, a finance YouTuber and investing educator, said could be the reason in a recent video. For many, alternative investments like cryptocurrency are riskier than traditional asset classes. However, Bitcoin has skyrocketed in value since its inception back in January 2009. In just the last year, its value has increased by roughly 76.7%, according to TradingView. Its all-time value has increased 1.01 million times over. Not only that but Bitcoin has performed surprisingly well compared to more traditional options, like gold or stocks. To illustrate this point, consider how Bitcoin has performed over time in comparison to gold and the stock market. Try This: At the start of January 2011, Bitcoin had a $0 value while gold was valued at $1,423 and the S&P 500 was at 1,272. By Jul. 2, 2025, Bitcoin was trading at $108,955, gold was trading at $3,349 and the S&P 500 was sitting at 6,227. All three assets have risen, but Bitcoin in particular has surged. So, why has Bitcoin done so well, even amidst economic turbulence? Bitcoin has long been considered a 'correlated asset,' meaning it moves in the same direction as something else. In this case, it tends to move with the stock market and tech stocks. But back in April 2025, the S&P 500 took a sharp nosedive — a result of President Donald Trump's tariff policies and their impact on the world at large. Many stocks, including those in the tech industry, fell. Despite this, the value of bitcoin rose from $85,162 on Apr. 1 to $94,208 on Apr. 30. So, what does this all mean? According to Andrei Jikh, Bitcoin could be breaking free from the stock market for the first time in history. If it continues to move independently of stocks, Bitcoin could become a real uncorrelated asset. For investors, this means that including Bitcoin in their portfolio could help reduce volatility and boost diversification. Portfolio diversification has long been a key strategy in protecting one's investments. The last thing investors want is for all their assets to move together. If one thing falls, then so would everything else. Ideally, something will still be making money even if other things aren't. According to Andrei Jikh, several other factors could be buoying Bitcoin's performance. These are liquidity, recent changes to the Fed's regulatory policies and the fact that Bitcoin is still a highly speculative investment. But Jikh isn't alone in this belief. 'The reason Bitcoin hasn't seen a major crash yet lies primarily in the surge of global liquidity,' said Utkarsh Ahuja, founder and managing partner of Moon Pursuit Capital. 'Global M2 money supply continues to expand rapidly, reaching new all-time highs–and historically, Bitcoin has shown a strong correlation (80% to 85%) with this growth, albeit with [an approximate three]-month lag.' As for regulation, the Federal Reserve (Fed) used to make it difficult for banks and other institutions to work with crypto. As a result, many simply didn't offer crypto services. But in April, the Fed lifted its guidance on crypto for banks, meaning these institutions no longer need pre-approval to offer crypto services. As Bitcoin becomes more accessible, it could continue to skyrocket in value over the coming years. 'Bitcoin hasn't crashed because it's no longer just a bet — it's becoming the benchmark. Between institutional adoption, ETF inflows and global uncertainty, BTC has matured into a macro asset with staying power,' said Ryan Grace, head of Tastycrypto, a self custody wallet. 'It's not just surviving cycles — it's defining them.' For now, only time will tell whether a major crash will — or will not — occur on Bitcoin's horizon. As an investor — or a potential investor — it's important to be aware that no investment is without risk. Do your due diligence and, if you're considering where to put your money, take any advice or predictions with a grain of salt. More From GOBankingRates How Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on The Weird Reason Bitcoin Has Avoided a Major Crash, According to Andrei Jikh
Time of India
a day ago
- Business
- Time of India
XRP warning: Price drops 3.2% today—can surging ETF demand still push it to $4.50? Here's the full price projection
XRP price drops below $2.91—can bullish ETF momentum still drive it to $4.50 soon? XRP price prediction : Can XRP reach $4.50 as Teucrium ETF crosses $284M? XRP is back under the microscope as the price flirts with the $3 mark once again. After briefly surging above $3 on July 14—for the first time since March—the token has since corrected and is trading at $2.91 as of 1:17 p.m. UTC on July 15, down 1.60% on the day. Even with the dip, momentum remains in favor of the bulls, thanks to strong institutional demand, a bullish crossover on key moving averages, and a breakout in the XRP/ETH ratio. Investors are now watching closely to see if XRP can push to $4.50, a level supported by recent technical signals and ETF inflows. Why did XRP price drop 3.2% today below $2.91? XRP price slipped by 3.2% today, falling below the key $2.91 level and currently hovering around $2.87. This drop comes after XRP briefly crossed $3 for the first time since March, following a strong seven-day rally from $2.24. The pullback is largely attributed to broader market weakness and short-term profit-taking. Despite the dip, technical indicators like the 50-day and 150-day SMA convergence suggest the bullish trend isn't over yet. Analysts believe this drop could be temporary, especially with institutional demand rising through the XXRP ETF, which has now crossed $284 million in assets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo What is supporting the XRP price prediction of $4.50? Despite today's minor pullback, XRP still holds a bullish outlook on multiple fronts. The most important technical signal comes from the bullish convergence between the 50-day and 150-day simple moving averages (SMAs)—a classic sign that an uptrend could soon resume. This trend is supported by the Directional Movement Index (DMI), which shows the positive DI rising while the negative DI drops, meaning buyers are still in control. The Average Directional Index (ADX) is also sloping upward, confirming the strength of the trend that recently pushed XRP from $2.24 to $3 in just seven days. Live Events For the bullish case to hold, however, XRP must break through the resistance zone between $3.05 and $3.16. Without a close above that area, buying pressure could stall in the short term. Why is the XRP/ETH ratio breakout important? Another key factor behind XRP's current momentum is the XRP/ETH ratio, which recently broke out of a two-month consolidation range, according to chart data from TradingView. When this ratio climbs, it shows XRP is outperforming Ethereum—an important signal for market strength. This move comes alongside increasing interest from institutional investors. The Teucrium XXRP ETF, launched just four months ago, has now amassed over $284 million in assets under management. That kind of capital flow is significant, as it reflects large-scale investor confidence. Additionally, XRP futures trading on the CME saw a $1.3 million increase in volume last week, showing continued appetite for exposure from professional traders and institutions. These developments suggest that the market may be entering a new phase where institutional inflows and outperforming ratios could keep XRP bullish longer than previously expected. What is the short-term outlook for XRP price? In the short term, XRP remains bullish , but only if it can hold key support levels and break past resistance. Short-term bullish scenario: Support holds above $2.75, and XRP breaks above $3.16, triggering technical buying. Momentum continues as ETF demand drives interest. Price pushes toward $4.50, the 161.8% Fibonacci extension. Short-term bearish scenario: XRP fails to close above $3.16 and falls back below $2.75. Institutional buying slows, and broader crypto market remains uncertain. Price revisits $2.50 or even lower to $2.24 support zone. At the moment, the bullish technicals outweigh bearish risks, but caution remains if volume dries up or Bitcoin faces more downward pressure. How does the long-term XRP forecast look? Long-term bullish outlook: The seven-year breakout pattern, first highlighted by CoinGape, remains intact. If historical trends play out, XRP could climb toward $10 or even $38, though that would require sustained institutional inflows, favorable regulation, and broader crypto adoption. ETF growth like Teucrium's $284M milestone, and CME volume surges, indicate long-term interest is forming. Long-term bearish risks: Legal or regulatory challenges, particularly around Ripple's ongoing SEC issues, could dampen investor sentiment. Failure to sustain above key macro resistance levels may keep XRP in a long-term range. If Ethereum or Bitcoin regain dominance and outpace XRP, relative underperformance could return. Can XRP hit $4.50 soon? Right now, XRP's price sits just under a key breakout level, and the charts are flashing bullish signals—SMA convergence, ADX strength, and a rising XRP/ETH ratio. The Teucrium ETF's $284M AUM and increased CME volumes show institutional players are clearly interested. The next major test is whether XRP can close above $3.16. If that happens, the path to $4.50 becomes much more realistic. But like all crypto assets, XRP's journey will depend on both internal strength and the broader market conditions. Traders and long-term holders alike will be watching closely. FAQs: Q1: Why did XRP price drop by 3.2% today? XRP dropped due to profit-taking and broader market weakness after briefly crossing $3. Q2: What is the current XRP price today? As of now, XRP is trading around $2.87 after falling below the $2.91 mark.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Alchemy Markets Limited, a Wholly Owned Subsidiary of FDCTech, Inc., Launches TradingView Integration
Seamless Charting and Real-Time Execution—Now Trade Directly from TradingView on the Alchemy Platform Irvine, CA:, July 14, 2025 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," PINK: FDCT), a fintech-driven firm specializing in acquiring and scaling small to mid-size legacy financial services companies, today announced that its wholly owned subsidiary, Alchemy Markets Limited ("Alchemy"), has launched full TradingView integration into its multi-asset trading platform. This seamless integration empowers Alchemy clients to trade directly from TradingView charts, the world's most popular charting and analytics platform, used by over 50 million traders and investors in more than 190 countries. TradingView processes over one billion charts monthly and supports real-time data across global markets, making it the go-to solution for traders ranging from beginners to hedge fund professionals. The integration with TradingView marks a major leap in platform functionality and client experience – whether trading forex, crypto, or other instruments, users now have access to institutional-grade tools right from their Alchemy account. What Users Can Expect: Execute trades directly from TradingView charts Analyze markets with 100+ built-in indicators and drawing tools Access real-time data across forex, crypto, and other asset classes Create and deploy custom indicators with Pine Script Enjoy a responsive and intuitive interface optimized for all devices By August 2025, the Company anticipates being listed as a Gold Broker on TradingView's broker directory in the 10 largest European countries where Alchemy Markets is regulated. This elevated designation is expected to increase visibility among TradingView's vast user base and drive client acquisition across key markets. Being a Gold Broker provides a competitive edge by showcasing regulatory credibility, technology integration, and execution quality—critical factors for traders seeking trusted platforms within the TradingView ecosystem. Alchemy Markets, regulated by the Malta Financial Services Authority (MFSA) under MiFID II, has been enhancing its trading infrastructure and user experience as part of the Company's broader growth and uplisting strategy. The TradingView integration reinforces Alchemy's commitment to providing an elite trading environment with next-generation tools, security, and compliance. This development aligns with the Company's mission to deliver robust, regulated, and technologically advanced financial services across multiple jurisdictions, thereby accelerating value creation for both clients and shareholders. For more information on the Company's results and strategic plans, please visit our SEC filings or the Company's website. Alchemy Markets Limited Alchemy Markets Limited is a licensed investment firm regulated by the Malta Financial Services Authority under MiFID II. Offering multi-asset execution, custody, and institutional-grade trading infrastructure, Alchemy serves clients across Europe and other regulated jurisdictions. As a core part of the Company's international expansion, Alchemy plays a pivotal role in delivering regulated and scalable trading solutions globally. FDCTech, Inc. FDCTech, Inc. ("FDC") is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Our clients include regulated and OTC brokerages, as well as prop and algo trading firms of all sizes, across various asset classes, including forex, stocks, commodities, indices, ETFs, precious metals, and other financial instruments. Our growth strategy involves acquiring and integrating small to mid-size legacy financial services companies, leveraging our proprietary trading technology and liquidity solutions to deliver exceptional value to our clients. Press Release Disclaimer This press release's statements may be forward-looking statements or future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Media Relations
Crypto Insight
4 days ago
- Business
- Crypto Insight
Altcoins are rocketing, Bitcoin dominance hasn't ‘even sneezed': Analyst
A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin. 'BTC dominance hasn't even sneezed and Alts are ripping,' crypto analyst Matthew Hyland said in an X post on Friday. Bitcoin reaches new highs on three consecutive days TradingView shows Bitcoin Dominance is 64.46% at the time of publication, down just 1.53% over the past week, while altcoins saw significant price spikes amid Bitcoin reaching new all-time highs on Wednesday, Thursday, and reaching $118,760 on Friday. Hyland said, 'What do you think happens if it drops from 65 to 45.' Analysts have traditionally used Bitcoin Dominance to gauge the timing of altcoin season, with a decline typically seen as a signal that altcoins are gaining market share. However, while BTC Dominance stayed relatively steady, the recent altcoin surge could signal that fresh capital is flowing into the wider market. MemeCore (M) leads the top 100 crypto gainers over the past seven days with a 1,263% surge, followed by Mog Coin up 75.01%, and Stellar up 67.43%, according to CoinMarketCap data. Ether, the second largest crypto by market cap, is up 17.68% over the past seven days, which is often another indicator traders use to determine when the focus is turning from Bitcoin to the broader market. Trader says this will be the 'final easy' Altcoin season The ETH/BTC ratio, which measures Ether's relative strength against Bitcoin, is up 8.39% over the past seven days. However, CoinMarketCap's Altcoin Season Index suggests the market is still heavily favoring Bitcoin, with the Index reading a 'Bitcoin Season' score of 29 out of 100. In an X post on Friday, MN Trading Capital founder Michael van de Poppe said, 'I assume that we're about to witness the final easy and biggest bull ever on Altcoins.' Meanwhile, Santiment recently said that their metrics indicate that the altcoin season has begun. 'The data confirms that, for now, it has,' Santiment said. 'As long as Bitcoin can maintain its position above the crucial psychological support level of around $110k, traders will likely feel comfortable redistributing profits into altcoins,' they added. Source:
