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Donald Trump aide's crypto-friendly bank gets US approval to operate — Can Indians open accounts at Erebor Bank?
MINT· 2025-10-17 06:19
Core Insights - Erebor Bank has received conditional approval from US regulators to operate, marking a significant development for tech and crypto-friendly banking in the country [1][3] - The bank is founded by notable tech billionaires, including Palmer Luckey and Joe Lonsdale, who have connections to the Trump administration [2] - Erebor Bank aims to serve tech companies focused on cryptocurrencies and other innovative sectors, targeting the US "innovation economy" [4] Company Overview - Erebor Bank is based in Columbus, Ohio, and was established in 2023 by a group of tech entrepreneurs [2] - The bank's primary focus will be on businesses involved in cryptocurrencies, artificial intelligence, defense, and manufacturing [4] - Other investors in Erebor Bank include Peter Thiel's Founders Fund and Haun Ventures [3] Regulatory Context - The Office of the Comptroller of the Currency (OCC) has indicated a willingness to allow banks to engage in digital asset activities, provided they are conducted safely [3] - Erebor Bank is part of a growing trend of firms seeking banking licenses to operate in the digital asset space, alongside companies like Stripe and Coinbase [5]
Solana Rapidly Approaching in Ethereum's Rearview Mirror
Etftrends· 2025-10-16 21:23
Core Insights - The article discusses the growing adoption of cryptocurrencies, particularly focusing on Bitcoin, Ethereum, and Solana, highlighting Solana's potential to compete with Ethereum in the blockchain space [1][5]. Group 1: Bitcoin and Ethereum - Bitcoin has reached record levels, exceeding $100,000, while Ethereum has also seen significant gains, reaching over $4,000, marking its highest point in almost four years [2][4]. - The investment case for Ethereum is based on its role in the development of decentralized applications and digital assets, representing a share of the Ethereum network akin to owning stock in a company [3][4]. Group 2: Solana's Position - Solana is compared to a "bullet train," suggesting it has the potential to operate more efficiently and cost-effectively than Ethereum, which is likened to a congested freeway [5]. - Solana's revenue for the period from October 2024 to September 2025 was reported at $2.85 billion, comparable to the annual revenues of companies like Palantir ($2.8 billion) and Robinhood ($2.95 billion) [6]. Group 3: Market Sentiment - Experts indicate that Solana has transitioned from being an experimental project to a functioning digital economy with real staying power, suggesting confidence in its long-term viability [7].
Lite Strategy Celebrates 14th Anniversary of Litecoin, Taps Institutional Signals Ahead of 2026
Globenewswire· 2025-10-16 20:06
Marking 14 years of continuous operation, millions of transactions, and demonstrated reliability across the global blockchain ecosystem, Litecoin sets the benchmark for longevity and performance as digital assets evolve into institutional-grade hard money.SAN DIEGO, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Lite Strategy, Inc. (NASDAQ: LITS) (“Lite Strategy” or “LITS”), the first U.S.-listed public company to adopt Litecoin as its primary reserve asset, joins the digital asset community in celebrating the 14th anni ...
Crypto for Advisors: Litecoin Explained
Yahoo Finance· 2025-10-16 15:00
Core Insights - Litecoin (LTC) is recognized as a resilient cryptocurrency with a strong track record, often referred to as "the silver to Bitcoin's gold" due to its faster transaction times and lower costs [5][12][13] Security and Network Health - Litecoin has enhanced security through a merged-mining arrangement with Dogecoin since 2014, which strengthens protection against 51% attacks [1] - The network has maintained uninterrupted uptime since its inception, a rarity in the blockchain sector, and has low transaction fees averaging under 10 cents [3] - The hash rate has increased in recent years, supported by improved Scrypt ASIC efficiency and combined mining rewards with Dogecoin, leading to higher overall network security [9] Technological Innovations - Litecoin was the first major network to activate Segregated Witness (SegWit) in 2017, optimizing block space and resolving transaction malleability [2] - It also played a key role in pioneering the Lightning Network (LN), enabling instant, low-cost payments [2] Supply Dynamics - Litecoin's issuance schedule mirrors Bitcoin's, with over 90% of the total 84 million LTC supply already mined and annual inflation under 2% [7] - The next halving is expected in July 2027, which will reduce inflation below 1%, making it comparable to traditional safe-haven assets [7] Market Valuation - Litecoin's NVT ratio, which measures market capitalization relative to on-chain activity, is below that of Bitcoin and Dogecoin, suggesting it may be more fairly valued relative to its utility [10] - The MVRV ratio remains below long-term bull market levels, indicating subdued speculative excess [10] External Sentiment - Google Trends data shows a steady decline in searches for "Litecoin" since its 2021 peak, reflecting reduced retail enthusiasm, which has historically aligned with undervalued entry points in previous market cycles [11] Investment Considerations - For financial advisors, Litecoin represents a durable asset that has survived multiple market downturns and consistently delivered on its value proposition of fast, low-cost, reliable transactions [12] - It can be viewed as a diversification tool within crypto allocations, offering exposure to a network distinct from Bitcoin while maintaining a proven security model [18]
Inside Japan’s Plan To Take Down Insider Trading: Is This The End of Crypto Manipulation?
Yahoo Finance· 2025-10-15 09:47
Core Points - Japan's top financial watchdog is set to implement new rules to ban insider trading in cryptocurrencies, granting the Securities and Exchange Surveillance Commission (SESC) the authority to investigate suspicious trades and recommend penalties or criminal charges based on undisclosed information [1][2] Regulatory Framework - Current insider trading laws in Japan do not cover crypto assets, which are regulated under the Financial Instruments and Exchange Act (FIEA) [2] - The Financial Services Agency (FSA) plans to finalize the new regulatory framework by the end of this year and submit amendments to the FIEA in the next parliamentary session [2] Oversight and Transparency - Japan has previously relied on self-regulation by crypto exchanges and the Japan Virtual and Crypto Assets Exchange Association (JVCEA), but this has proven insufficient for tracking trading activities [3] - The SESC's oversight aims to create a more transparent and fair trading environment, enhancing the attractiveness of crypto investments in Japan [3] Definition of Insider Trading - The initial step involves clearly stating that trading crypto based on non-public information is illegal, with the FSA expected to issue guidelines on specific behaviors to be covered [4] - Potentially banned activities include trading based on knowledge of upcoming exchange listings or undisclosed security flaws [4] Market Growth - Japan's crypto market is experiencing significant growth, with 7.88 million active crypto accounts in August 2025, representing a fourfold increase over the past five years [6] - The regulatory approach is shifting from treating crypto as a payment tool under the Payment Services Act to a focus on investor protection and market transparency under the FIEA [6] Global Context - Insider trading and fraud in the global crypto market are on the rise, prompting calls for stronger regulations from organizations like the International Organization of Securities Commissions (IOSCO) [7]
[LIVE] Crypto News Today, October 15 – Powell’s QT Comment Fails To Lift Bitcoin Price As ZORA, COAI And USELESS Show Strength: Best Altcoins To Buy
Yahoo Finance· 2025-10-15 09:33
Group 1: Federal Reserve's Actions - The Federal Reserve may soon conclude its balance sheet reduction program, which has decreased the balance sheet from $9 trillion to $6.6 trillion since 2022, reducing holdings by $2.4 trillion [2][3] - Chairman Jerome Powell indicated that the Fed could reach a point to stop the balance sheet runoff in the coming months, contingent on monitoring liquidity conditions and short-term funding rates [3][2] Group 2: Cryptocurrency Market Dynamics - Bitcoin is trading lower at around $112,600, marking a weekly decline of over 7%, prompting traders to seek alternative cryptocurrencies (altcoins) [1] - The global crypto market cap is currently at $3.79 trillion, with the Fear and Greed Index in the "fear" zone at 37, and an average crypto RSI of 48.1 indicating the market is nearing oversold territory [5] Group 3: Altcoin Performance - Several altcoins are showing relative strength despite Bitcoin's weakness, with Solana rising 6.4% to around $207 and Dogecoin gaining over 4% [4] - Notable altcoins like ZORA and USELESS have gained about 20% in the past day, with USELESS reaching a new all-time high of $0.41 [6] - COAI, an AI-linked token, exhibited extreme volatility, recently jumping from $7.46 to $44 before correcting to around $15.96, indicating potential for altcoin outperformance [7] Group 4: Future Outlook - If the Fed confirms the end of quantitative tightening later this year, it could improve liquidity conditions, favoring altcoins such as SOL, XRP, and meme tokens like ZORA, COAI, and USELESS as potential investment opportunities for Q4 2025 [8]
Whales Short the Market as Bulls and Bears Battle for Control
Yahoo Finance· 2025-10-14 10:32
Core Insights - A significant number of traders, particularly whales, are betting on further losses in the crypto market following a major crash on October 10, with three Hyperliquid whales holding short positions worth over $130 million as of Tuesday morning [1] Group 1: Whale Activity - The address known as "BitcoinOG" opened $110 million in short positions on Bitcoin and Ether just hours before the market selloff, leading to a profit of $142 million [2] - BitcoinOG has since increased its short positions, adding another $66 million in BTC-USD shorts early Tuesday [2] - Other Hyperliquid whales are also shorting the market, with one address holding unrealized short positions on DOGE, ETH, XRP, and Aster worth over $94 million, and another trader with a $41 million short position on SOL [5] Group 2: Market Sentiment - Traders are divided on the future direction of the crypto market, with significant fluctuations in the ratio of long to short positions across major cryptocurrencies [6] - Some traders point to a mild recovery over the weekend and the largest recorded wave of liquidations as signs that Bitcoin remains within a long-term bullish channel, suggesting potential for market resilience [8]
Crypto Market Sheds $150 Billion as China Hits Back at the US
Yahoo Finance· 2025-10-14 09:55
Cryptocurrencies continued to lose ground after a historic round of liquidations that triggered a sharp selloff over the weekend, as trade tensions weighed on risk assets. Bitcoin, the largest digital asset, slumped as much as 4% to about $111,200 on Tuesday morning in London, while Ether fell 7.8% to below $4,000. Smaller, more volatile tokens sank further still, dragging the combined market value of all cryptocurrencies down by more than $150 billion over a 24-hour period, according to CoinGecko data. ...
Tariff tensions separate gold from crypto
Yahoo Finance· 2025-10-14 09:53
Core Insights - The White House has managed to ease tensions with China, but gold remains a strong asset amid ongoing market volatility [1][4] - Political instability, currency debasement, and rising debt levels have contributed to gold's significant rally this year, reinforcing its status as a safe haven [2][5] - The recent market dynamics have shown a divergence between gold and cryptocurrencies, with gold acting as a refuge during market sell-offs [5][6] Market Dynamics - The stock market experienced a sudden rebound after a sell-off, which was influenced by the easing of trade tensions with China [4] - Bitcoin experienced a sharp decline of approximately 10%, dropping from $122,000 to as low as $109,000, leading to a significant reduction in the overall cryptocurrency market cap [7][9] - The volatility in the cryptocurrency market contrasts with gold's stability, highlighting the differences in investor behavior during market downturns [5][6] Economic Indicators - Prior to the recent tensions, Bitcoin had reached a new high, while the US dollar index had decreased by nearly 9% for the year, indicating a potential shift in perceptions of value [9] - Long-dated Treasury yields remain high, suggesting ongoing interest in alternative stores of value, including digital currencies [9]
1 Brilliant Cryptocurrency to Buy Before It Soars 2,000%, According to Cathie Wood's Ark Invest
Yahoo Finance· 2025-10-14 08:51
Group 1 - Ark Investment Management is highly optimistic about the cryptocurrency industry, having been one of the first firms to receive SEC approval for a Bitcoin ETF [1][5] - Bitcoin's market capitalization is currently $2.3 trillion, and Ark forecasts it could reach $2.4 million per coin by 2030, indicating a potential upside of 2,000% from its current price of approximately $115,000 [2] - Bitcoin has outperformed all other asset classes over the past decade, achieving a remarkable gain of 46,040% [7] Group 2 - Bitcoin is viewed as a store of value and is often compared to digital gold due to its unique features and decentralized nature [3][4] - The decentralized structure of Bitcoin is a key reason for the SEC's approval of ETFs, as it does not fit the legal definition of a financial security [5] - The introduction of ETFs has made Bitcoin more accessible to financial advisors and institutional investors, who previously avoided it due to the risks associated with digital wallets [6]