Vice President Kamala Harris‘ team has been reaching out to key players in the crypto industry as part of an effort to mend the strained relationship with the rapidly growing sector, according to Coinbase’s Chief Policy Officer, Faryar Shirzad. In an Aug. 21 post on social media platform X, Shirzad…
The DEA’s paper is expected to be a watershed moment for India’s crypto regulation, potentially setting the stage for comprehensive legislation. Source link
Crypto exchange Coinbase said it would support the Ethereum layer-2 network Polygon planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). On Aug. 21, the exchange announced that it would begin migrating the Polygon ticker from MATIC to POL starting Aug. 26. It stated: “In the…
Bitcoin closed a daily candle above the 200-day EMA for the first time since Aug. 13, but resistance at $60-$62K will be hard to overcome. Source link
Quick Take Juan Leon, Senior Investment Strategist at Bitwise Invest, highlights the growing influence of stablecoins in the US Treasury bill market. Currently, stablecoins hold approximately 1% of US Treasury bills, but Leon projects this could surge to 15%, potentially making them one of the top three holders of these…
In Part 2 of The Agenda’s one-year later episode, CryptoHarlem, OriginTrail and The Blockchain Socialist share their thoughts and plans for 2025. Source link
Quick Take In economic analysis, monthly data scrutiny is a cornerstone for understanding macroeconomic trends. Both analysts and the Federal Reserve rely heavily on these indicators to gauge financial health and inform policy decisions. The Federal Reserve and Jerome Powell have repeatedly stated they are data dependent. As interest rates…
The New York Stock Exchange mandates all listed securities to maintain an average closing price of $1 or more. Source link
Bankrupt crypto exchange FTX announced on Aug. 21 that its reorganization plan has garnered strong preliminary support from creditors. According to FTX, over 95% of creditors have endorsed the plan, representing 99% of the claims by value. This broad backing indicates widespread consensus among FTX creditors. FTX CEO John J.…
Ethereum ETFs in the US face significant outflows, contrasting Bitcoin ETFs, which continue to attract investments. Source link