US political turmoil tests ‘institutional confidence’ as crypto ETFs bleed

Kraken, the cryptocurrency exchange, has reported a remarkable doubling of its revenue, signaling strong growth as it prepares for a potential IPO in the US by 2026. This development is significant as it highlights the increasing interest and investment in the cryptocurrency market, positioning Kraken as a key player in the industry. The anticipated IPO could further enhance its visibility and credibility, attracting more users and investors.

Propy, a firm specializing in real estate tokenization, is set to expand its operations in the U.S. with a goal of raising $100 million. This move aims to modernize the title industry, making transactions more efficient and accessible. By leveraging blockchain technology, Propy seeks to streamline the buying and selling process, which could significantly benefit both buyers and sellers in the real estate market.

A recent analysis suggests that Bitcoin could reach a price of $175,000 as the regulatory environment in the U.S. becomes more favorable. This potential surge is significant for investors and the cryptocurrency market, indicating a shift towards acceptance and stability. As regulations improve, confidence in Bitcoin may grow, attracting more investors and potentially leading to a new era for digital currencies.

The Federal Reserve is considering a new payment account that could integrate cryptocurrency into mainstream US finance. This initiative is significant as it may bridge the gap between traditional banking and digital currencies, potentially enhancing the efficiency of transactions and expanding access to financial services. As the world increasingly embraces digital assets, this move could position the US at the forefront of financial innovation.

Bitcoin has surged to $113,000 following a significant $8.5 billion deal between the US and Australia focused on rare earths. This climb reflects growing investor confidence and the increasing importance of rare earth materials in technology and energy sectors. The deal not only boosts the cryptocurrency market but also highlights the strategic partnership between the two nations, which could lead to further economic collaboration and innovation.

Coinbase is optimistic about the growing interest from traditional finance institutions in the crypto derivatives market. The exchange anticipates a shift away from Asia's dominance, with more U.S. and Europe-based institutions getting involved. This is significant as it could lead to increased legitimacy and investment in the crypto space, fostering innovation and stability.

A recent report by TRM Labs highlights a significant surge in cryptocurrency activity in the U.S., with a remarkable 50% increase over just six months. This growth, while still behind India's impressive boom, reinforces the U.S.'s position as the leading global marketplace for digital assets. This trend is important as it reflects the increasing acceptance and integration of cryptocurrencies into the mainstream economy, potentially paving the way for further innovations and investments in the sector.

CryptoUK emphasizes the importance of aligning UK cryptocurrency regulations with those in the US to foster a revival in the sector. The Bank of England is initiating a consultation on new stablecoin rules that reflect the US's approach to fiat-pegged crypto assets. This move is significant as it could enhance the UK's competitiveness in the global crypto market and provide clearer guidelines for businesses operating in this space.

OneBullEx has just launched an exciting million-dollar trading carnival featuring five unique campaigns packed with countless rewards. This initiative not only aims to engage traders but also enhances the overall trading experience, making it a significant event in the cryptocurrency space. With the potential for substantial earnings and incentives, this carnival is set to attract both seasoned traders and newcomers alike, highlighting OneBullEx's commitment to innovation and community engagement.

North Korea's reliance on state-backed hacking groups like Lazarus to fund its military ambitions has raised significant concerns. With a staggering $2.8 billion stolen in cryptocurrency, nearly a third of the country's foreign currency earnings now comes from these illicit activities. This not only highlights the growing sophistication of cybercrime but also underscores the challenges faced by international sanctions, as North Korea finds ways to maintain a steady cash flow despite global efforts to curb its military advancements.

Bitcoin continues to dominate the crypto market, attracting billions with spot ETFs and institutional investments. However, it faces structural issues like slow transactions and high fees that hinder daily use. The recent presale of Bitcoin Hyper, which raised $24.4 million, aims to address these challenges by introducing a layer-2 solution that promises to make Bitcoin as fast as Solana. This development is significant as it could enhance Bitcoin's usability and competitiveness in the rapidly evolving crypto landscape.

The NHL has partnered with Polymarket and Kalshi to become its official prediction market partners, marking a significant step in integrating sports betting into the league. This collaboration not only enhances fan engagement by allowing them to make predictions on game outcomes but also positions the NHL at the forefront of the evolving sports betting landscape. As more leagues embrace similar partnerships, this move could set a precedent for how sports organizations interact with betting markets, ultimately benefiting both the league and its fans.

Standard Chartered has suggested that Bitcoin's price may dip below $100,000, which could present a final opportunity for investors to buy at that level. This prediction is significant as it highlights the volatility of cryptocurrency markets and the potential for strategic buying during downturns. Investors should consider this insight carefully, as it could influence their trading decisions in the ever-changing landscape of digital currencies.

Dogecoin is facing a significant downturn, having dropped over 38% from its peak in September, signaling a potential bear market. The emergence of a 'death cross' pattern raises concerns about further declines in its value. This situation is crucial for investors as it highlights the volatility and risks associated with cryptocurrency investments, particularly for those who may have been optimistic about Dogecoin's future.