Chainlink price held up well against Bitcoin’s drop on October 10 following higher-than-expected CPI inflation data. The crypto market slid by 1.2%, but the LINK price remained steady against USDT and gained 0.2% against BTC. Chainlink whale activity surged, signaling large holders could be accumulating the token. Is it time to buy LINK before the…

As of today, the entire crypto market is following a downtrend, and all the crypto trading opportunities are surrounded by losses. In this poor market, a crypto trader has made $3.37M in profits, defying the odds. It all happened after one of the popular meme coins, Popcat’s price, rose to new highs, making hefty profits…

Ethereum price today is hovering around $2,388 after decreasing by nearly 7% since the October 7 swing high. This downtrend aligns with Bitcoin’s 2% drop in the last 24 hours. Although Ethereum (ETH) ended its lackluster performance last week with a 9% rally, the short-term outlook remains questionable. The mid-to-longer-term forecast, however, remains unchanged as…

Fidelity Investments, an asset management giant, is reportedly preparing to launch a blockchain-based money market fund. This move comes in the wake of other big financial institutions such as BlackRock integrating blockchain technology in an effort to enhance their financial services. Fidelity has made this decision to adopt blockchain at a time when the company…

The Uniswap price surged 17% on Thursday on the back of Uniswap Labs’ recent announcement of its new Ethereum layer-2 network. This development is set to increase the decentralized exchange’s native token UNI’s utility. Uniswap mentioned that the network will go live on the testnet today, with the mainnet expected to come sometime later this…

XRP price has been trending sideways for the past week, which is worrying for investors as this consolidation is part of a bearish continuation pattern. Despite the drop, XRP is still up 3.8% over the last 7 days, a small recovery from the steep fall the asset experienced at the start of October. Since November…

The Chamber of Digital Commerce praised Sen. Hagerty for leading the Senate version of the Clarity for Payment Stablecoins Act. This Act will provide the necessary clarity so innovative, USD-backed tokens can thrive in security and predictability, benefiting innovators and consumers. Chamber Applauds Hagerty for Stablecoin Bill – Stablecoin Market Reaches $173B The Chamber of…

The US Internal Revenue Service (IRS) is again under legal pressure in relation to taxation of cryptocurrency staking rewards. On October 10, 2024, Josh Jarrett filed a new lawsuit with support of Coin Center and against the agency’s approach of taxing block rewards as income at the time of receipt. US IRS Faces New Lawsuit…

The U.S. Securities and Exchange Commission (SEC) has charged Chicago-based Cumberland DRW LLC with operating as an unregistered dealer in the crypto asset market. According to the SEC, the company conducted over $2 billion in crypto asset transactions, which were offered and sold as securities, without the required registration. The agency claims that Cumberland violated…

Solana (SOL) price remains locked in a consolidation phase, mirroring the broader cryptocurrency market’s stagnant performance. The coin has shown little movement, with no clear signs of an impending upward trend.  This sideways action has affected market sentiment, as many within the community had been anticipating significant gains in October. Solana Price Faces Uncertain Breakout…