Tag: eyes

Animoca eyes New York listing, cites Trump’s crypto-friendly stance

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Hong Kong-based Animoca Brands is preparing for a listing in New York, citing US President Donald Trump’s relaxed regulatory stance on digital assets as a window of opportunity to enter the world’s biggest capital market. Animoca executive chair Yat Siu told the Financial Times that an announcement may be made soon, with the company currently evaluating various shareholding structures. Siu said the decision to pursue a US listing would not hinge on market conditions but rather on timing and strategic positioning. Animoca, which was delisted from the Australian Securities Exchange…

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Frax Finance Eyes Blackrock’s BUIDL Token as Next-Gen Reserve Asset

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Frax Finance, the issuer of the stablecoin frax usd (FRAX), which currently holds the ninth spot among fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will decide the proposal’s fate. FIP-418: Frax Finance Weighs […] Source link

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Bitcoin analyst eyes ‘V-shape’ BTC price bounce as RSI hits 5-year low

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Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action. BTC/USD 1-hour chart. Source: TradingView BTC price “death chop” returns Data from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance for BTC/USD. Despite being heavily oversold, according to relative strength index (RSI) readings, Bitcoin refused to offer any form of recovery bounce from levels last seen two months prior. Market participants were restless, with popular trader Jelle referring to intraday movements as the “death chop.” “At this stage…

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Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low

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Ethereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging.  Ether’s (ETH) technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above the resistance between $1,900 and $2,000. ETH held on exchanges hits an all-time low Exchange balances for ETH reached a new low of 12.6%, dropping sharply in the last 30 days, according to Glassnode data. Reduced supply on exchanges is usually a bullish sign, as it means fewer tokens are…

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