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A group of 21 banks and financial firms including Bank of America, Wells Fargo, Citigroup and Goldman Sachs are preparing to launch a dollar stablecoin for business payments across borders. The firms say they will form a new company in the second half of 2026 and aim to have the token live in the first half of 2027, reports the Wall Street Journal. Stablecoin are digital tokens meant to stay pegged to a currency, in this case the U.S. dollar. The first customers are meant to be companies sending money overseas. Some regions may later offer it to regular customers. After the dollar version, the group wants tokens tied to other Group of Seven currencies, with the euro first. Deutsche Bank, Santander, UBS and Fidelity are also in the group, along with banks in Canada, Japan, the Middle East and Africa. Banks are treating this as a defense against independent stablecoins that could pull deposits and payment fees away from them. JPMorgan Chase has looked at launching its own...

Less than 24 hours after joining Pump Fun, the two memecoins tied most closely to Martin Shkreli are down 94%. On Monday, Shkreli drew over 700,000 views on his announcement that he would join the Solana memecoin launchpad and start livestreaming his trades.  Elated, PumpFun’s official account welcomed him, claiming he already had a 6,263% gain and $1.6 million in his wallet within one day. At time of writing, CITRINI, which he created, and MARTIN, a namesake coin that topped Shkreli’s trading history before his CITRINI transactions, have each crashed at least 94% since their highs yesterday. Traders have been paying particular attention to Shkreli recently after he made headlines talking about a short-sale of Moderna earlier this month. Unfortunately, the pharmaceutical maker skyrocketed higher on positive FDA Phase 3 results shortly after he “was playing around shorting this thing at 80 bucks.” Moderna currently trades precisely 100% higher than Shk...

The XRP price forecast is gaining renewed momentum as Evernorth, a new Ripple-focused treasury firm, is eyeing a public listing, a development that could further constrain liquid supply. Additionally, Canary Capital’s XRP ETF is slated to launch around November 13–14, followed by a Bitwise one on November 19–20.  Moreover, Ripple Prime launched its digital asset spot prime brokerage in the U.S. on Monday, November 3, offering over-the-counter trading (OTC) for major tokens. As the momentum remains constructive, OpenAI’s most advanced algorithm, ChatGPT-5, suggests the cryptocurrency could see solid gains in the following weeks, potentially even reclaiming the $3 level. At press time, XRP was trading at $2.40, down nearly 20% in the past thirty days following a weak “Uptober” season. XRP thirty-day price chart. Source: Finbold XRP price prediction Regarding the price outlook, ChatGPT notes the digital asset is stuck below resistance levels and that a...

The Ethereum price climbed 3% in the last 24 hours to trade at $3,857.27 as of 1 a.m. EST on an 8% drop in trading volume to $35.91 billion. The ETH price rise comes as sentiment in the crypto market recovers a tad, with the Crypto Fear & Greed Index ticking up to a ”fear” reading of 33 from 29 a day earlier. Daily trading volume remains strong, and key technical indicators are beginning to tilt positive.​ The market feels bad right now. Bitcoin is dumping, liquidity is thin, and there are literally no buyers. But under the surface, something important is happening on Ethereum. On chain activity across seventy six major Ethereum based tokens just hit a new all time high with… pic.twitter.com/rr056Ob6MI — BitBull (@AkaBull_) October 31, 2025 Industry watchers note that Ethereum is outperforming some peers as buyers step in around critical support levels, with ETH showing signs it could sustain its rebound Coin Price Resilience: ETH Price Hold...

Over the past month, XRP has emerged as one of the best-performing cryptocurrencies, gaining by double digits with a long-term target of reaching the $1 mark. In this line, crypto analyst Dark Defender, in an X post on August 3, suggested that XRP has recently shown signs of a significant impending breakout, indicating a thrilling end to 2024 might be on the horizon. Dark Defender highlighted that XRP closed July with a powerful bullish candle, signaling strong momentum. A key element of this analysis is the importance of maintaining above the $0.5286 level, identified as the critical last Fibonacci support line. Holding this level is essential for XRP to sustain its upward momentum. Picks for you Ethereum selling spree 'almost over' with 80% ETH outflow drop 1 hour ago ...

Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and 256,775 ETH, worth about $838 million, to various addresses. This substantial transfer of assets is seen as part of the company’s efforts to manage creditor repayments under its ongoing financial restructuring plan. Genesis Trading has transfer red 32,256 $BTC($2.12B) and 256,775 $ETH($838M) to multiple addresses in the past 3 days and may be undergoing bankruptcy proceedings to repay debts. And #GenesisTrading transfer red 13,291 $BTC($830.7M) to #Coinbase between Jun 12 and Jul 15, during… pic.twitter.com/EpLdn5PUJn — Lookonchain (@lookonchain) August 2, 2024 Genesis Trading s...

A widely followed cryptocurrency analyst is issuing a warning on a leading memecoin while outlining the path forward for Ethereum (ETH) and XRP. The analyst pseudonymously known as Credible Crypto tells his 405,000 followers on the social media platform X that the memecoin Pepe (PEPE) has held up “quite well” amid a wider market downturn. The pseudonymous analyst, however, says he is bearish on Pepe over the long term. “I would not be surprised if we see another leg up to take some untapped liquidity before the larger move down continues.” Based on Credible Crypto’s chart on the four-hour time frame, it appears that the pseudonymous analyst is suggesting that Pepe could appreciate by about 38% from the current price to around $0.0000145 before plunging to under $0.000005. Source: Credible Crypto/X Pepe is trading at $0.0000104 at time of writing. Turning to Ethereum, the widely followed analyst says that he is bearish on the second-largest crypto a...

Ripple (XRP) is one of the most controversial yet intriguing cryptocurrencies in the crypto realm. With Ripple forging new milestones with each passing second, the XRP token is also inching towards breaking its current price juncture of $0.60. At the same time, Ripple ’s former global head of infrastructure innovation, Dilip Rao, was recently seen making comments on how XRP is not meant for retail, explaining another use case for the token to explore. Also Read: Ripple (XRP) And Binance Coin (BNB) Price Prediction For August 2024 Former Ripple Global Head of Infrastructure: XRP Designed for Institutional Investors Source – Crypto Adventure At a recent Global Islamic Economy Summit, Dilip Rao, former Global Head of Infrastructure Innovation at Ripple, made exclusive comments about Ripple’s adoption. When asked about investors’ recent purchase of XRP for short-term gains, Rao reiterated that this is not the token’s real use. The token is meant for nuanced institution...

According to statistics from IntoTheBlock, 5.9 trillion Shiba Inu (SHIB) tokens are presently for sale, with an average price of $0.000017. The sale would liquidate about $100 million worth of SHIB tokens. The platform also shows that traders have placed buy orders for 3.4 trillion SHIB tokens, leaving 2.5 trillion tokens in excess in the market. Also Read: Shiba Inu: You Can Now Be A SHIB Millionaire For Just $16 Shiba Inu (SHIB) Market Overview Potential Price Dip Source: IntoTheBlock The increase in supply could potentially lead to a price dip for the popular meme coin. SHIB is currently down by: 3.6% in the daily charts 2.4% in the weekly charts 15.3% in the 14-day charts 7.5% over the previous month The asset has struggled to gain momentum since March when it hit a two-year peak of $0.000036. Source: CoinGecko Market Slump Reasons The current market slump is likely because Bitcoin (BTC) falls below $65,000. On the other hand, BTC’s dip could be due to fears around the Mt. Gox...

PEPE bulls have encountered challenges in their attempts to push up the meme cryptocurrency’s price over the past week. Notably, PEPE has experienced a decline of approximately 4% in the last 24 hours alone, with a more substantial drop of 6.5% over the course of the past seven days. The selling sentiment surrounding PEPE has increased significantly since the middle of July. Throughout this period, the meme coin has struggled to break above resistance at $0.0000126, facing repeated failures each time it approached this critical price point.  A deeper Analysis of market behavior reveals that this prevailing selling sentiment c an be largely attributed to a notable shift in the composition of PEPE investors. There has been a strong increase in the number of short-term holders, accompanied by a corresponding decrease in long-term holders.  ...

Although some assets in the cryptocurrency market are slowing down, things seem to looking optimistic for Solana (SOL), which has been recording gains across multiple time frames, and might continue to push higher in the following weeks, perhaps even to the price of $600. Specifically, Solana has broken out from the re-accumulation structure and looks ripe to push higher, upon which it “likely soon enters a mania- like stage” and scales out aggressively, according to the Analysis shared by pseudonymous crypto trading expert Jelle in an X post on July 31. Solana price prediction 2024: How high can Solana go? As the crypto analyst further explained, Solana’s final target, once it breaks above its all-time highs (ATHs) and proceeds “scaling out aggressively,” will be around $600, which, according to his chart pattern Analysis , could happen sometime in the next couple of months. Picks for you ...

The United States Securities and Exchange Commission (SEC) has stepped back on the accusation that some cryptocurrencies are illegal securities. In a recently filed amendment in Binance‘s case, the SEC dismissed the ruling over the legality of these tokens, including Solana (SOL). Previously, the U.S. regulator listed ten cryptocurrencies as securities in a lawsuit against Binance, the largest crypto exchange. According to the enforcement action, the SEC classified Solana as an unregistered security, accusing Binance of illegally supporting SOL. This regulation-by-enforcement strategy has become the SEC’s standard against the cryptocurrency market, creating regulatory uncertainty and raising concerns. Now, the Securities and Exchange Commission’s pivot on Binance’s case suggests the agency is changing its modus operandi, sparking optimism. Picks for you ...