Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
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Major Thai bank’s venture arm sets up $50M fund to invest in blockchain, DeFi
Siam Commercial Bank, over a century old, doesn't fail to keep up with the times. 898 Total views 16 Total shares Siam Commercial Bank — Thailand's oldest bank, established by royal charter back in 1907 — is cementing its reputation as a strong backer of innovative financial technologies. The institution's venture arm, SCB 10X, has…

S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest
The producer of the S&P 500 assessed eight stablecoins. Tether received the second-lowest rating. S&P Global has launched a stablecoin stability assessment. In its initial ratings of the eight stablecoins, none were given the top mark, but two received the lowest, based on their ability to maintain their fiat pegs.According to a statement, to establish

I Would Not Long or Short Bitcoin, Says Billionaire Stablecoin Investor Druckenmiller
American billionaire Stanley Druckenmiller has doubled down on his distrust of bitcoin (BTC), Bloomberg reported on June 4, quoting a recent interview.Speaking to Scott Bessent, founder of Key Square Capital Management at The Economic Club of New York, Druckenmiller said he would still not be interested in placing any of his $4.4 billion worth into…

Binance CEO says task force is working ‘across the clock’ to free exec in Nigeria
Binance CEO Richard Teng said the company has continued to explore every legal and political avenue to bring Gambaryan home as his health deteriorates by the day.

Facebook Sued for Trademark Infringement Over Libra Logo Design
Finco Services of Delaware has initiated a lawsuit against Facebook in a New York court, Oct.10, over the swirly tilde logo Facebook uses for its Libra token. The plaintiff is also suing its former designer, who did the logo work for Facebook, for reusing the design.Looking for a logoFinco Services alleges trademark infringement, unfair competition,…

21Shares Ether ETF to waive fees for up to 6 months
21Shares joins other Ethereum exchange-traded fund issuers that are slashing fees to woo investors.

Bitcoin needs weekly close above $81K to avoid downside ahead of FOMC
Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025. Bitcoin (BTC) price fell over 3% during the past week, to trade above $83,748 as of

Ferrari’s new deal with blockchain firm Velas hints at NFTs
Ferrari will be issuing exclusive digital content for its fans in collaboration with Swiss blockchain startup Velas. 1794 Total views 35 Total shares Italian luxury sports car manufacturer Ferrari is moving into the blockchain industry by inking a partnership with Swiss blockchain startup Velas Network.Ferrari officially announced Monday that it had signed a multi-year agreement…