Author: admin

Michael Selig’s nomination to chair the US Commodity Futures Trading Commission is headed for a vote on the Senate floor after clearing a committee hurdle. In a Thursday notice, Republican leaders with the Senate Agriculture Committee said they had advanced Selig’s nomination following a Wednesday hearing. The vote was reportedly along party lines, with no Democrats supporting Selig as US President Donald Trump’s pick to replace acting Chair Caroline Pham. Source: Senate Agriculture Committee RepublicansThe prospective CFTC chair answered questions from senators on Wednesday regarding potential conflicts of interest, his policy positions on DeFi and digital assets and the dearth of…

Yesterday’s (November 18) Cloudflare outage caused billions of dollars in losses as the internet seemingly came to a standstill. The disruption affected many users trying to access  X, Truth Social, Reddit, ChatGPT, Coinbase, Ledger, BitMEX, DefiLlama, and many more. Ironically, many of the affected platforms and websites were crypto-related, a sector that promotes decentralization. However, a single cloud hosting protocol going down in Cloudflare subsequently brought the internet to a standstill, highlighting just how centralized much of the World Wide Web still is. The Cloudflare (NET) share price tumbled -1.09% on the day as investors began selling off the stock…

NEW YORK — William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced to four years in prison on Wednesday for his role in creating the privacy tool prosecutors say was used to launder at least $237 million in criminal proceeds.District Judge Denise Cote of the Southern District of New York (SDNY), who recently sentenced Hill’s fellow Samourai Wallet developer Keonne Rodriguez to the statutory maximum of five years in prison for the same crime — conspiracy to operate an unlicensed money transmitting business, which both men pleaded guilty to in July — said she was “varying” Hill’s…

Bitcoin is quietly walking its way down the liquidity staircase, and the next solid step sits around $85,000.That number is not coming from a Fibonacci retracement, a moving average crossover, or any other technical analysis ‘gold standard.’It comes from my simple grid of horizontal bands, grounded in factors that actually move markets: order-book depth, leverage positioning, psychological interest points, and historical price movements over an 18-month window.Basically, these are the prices at which traders place their stop-loss and take-profit markers.On a 30-minute chart, those bands form thick channels, and over the past year, Bitcoin has treated them like rungs on a…

XRP is under renewed pressure as the broader market downturn drags its profitability metrics back to levels last seen during Donald Trump’s November 2024 re-election.Glassnode data shows that only 58.5% of XRP’s circulating supply is now in profit. That is the weakest reading since late November 2024, when the token hovered around $0.53.Even at today’s price of roughly $2.15, about 41.5% of all circulating XRP, equating to nearly 26.5 billion tokens, sits at a realized loss.XRP’s Supply in Profit (Source: Glassnode)According to the firm, the imbalance reflects how much of this year’s trading volume clustered near elevated price zones. That…

Michael Selig, who serves as chief counsel for the crypto task force at the US Securities and Exchange Commission, faced questions from lawmakers on the Senate Agriculture Committee for his nomination to be the next chair of the Commodity Futures Trading Commission.On Wednesday, Selig appeared before the committee and addressed questions and concerns from lawmakers on both sides of the aisle regarding his potential conflicts of interest, policy views and experience as the next CFTC chair, succeeding Caroline Pham. Michael Selig addressing lawmakers on Wednesday’s confirmation hearing. Source: US Senate Agriculture CommitteeIn his opening statement, Selig said he had advised…

The privacy coin has seen a significant rally, and Ran Neuner of Crypto Banter says he has a pretty good idea about who’s behind it. Summary Zcash almost tripled in value in less than a month According to Ran Neuner, there has been a coordinated push by key influencers Tyler and Cameron Winklevoss, and Arthur Hayes recently spoke about Zcash Long overlooked, Zcash has exploded back into the spotlight with a price rally that caught many off guard. In the span of just one month, the token more than tripled in price from $227.79 to a multi-year high of $736.51.…

Markets are further dialing back expectations for another interest rate cut this year after the Bureau of Labor Statistics said it won’t release jobs data for October and the November report will be delayed until after the Federal Reserve’s December.Traders on the Chicago Mercantile Exchange (CME) now see just a 33% chance that the Federal Reserve cuts rates at its final policy meeting of 2025, down from 50% just a day earlier. Recall that less than one month ago, the chances of a December rate cut were more or less 100%. Following the Fed’s late October meeting though, Chairman Jerome…

Analysts have questioned whether November deserves its reputation as Bitcoin’s historically “strongest month” after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000.“Historical averages suggest strength, but those numbers are skewed and the current backdrop is anything but normal,” James Harris, the CEO of crypto yield provider Tesseract, told Cointelegraph.Harris said that while the break below the long-term average is noteworthy, it is “not the full picture.”Bitcoin (BTC) is down 15.37% since the start of the month and is on track for its worst November since 2019, when it closed the month down 17.27%, according…

Disclaimer: The following blog is a proposal from the Account Abstraction team. Content may not imply consensus views, and the EF is a broad organization that includes a healthy diversity of opinion across Protocol and beyond that together strengthen Ethereum. Since the early days of Ethereum, the promise has always been bold: a global, permissionless, censorship-resistant computing platform. Today, that promise is more alive than ever. Ethereum has scaled through rollups, where blockspace is abundant and transactions are cheap. The challenge now is not just throughput, but seamless user experience across that multichain horizon. What if all the L2s felt…