Grayscale has secured approval to move forward with the first spot Chainlink (LINK) exchange-traded fund, marking the asset managers third crypto ETF launch in just two weeks. According to ETF analyst Nate Geraci, the SEC has granted uplisting clearance, allowing the existing Grayscale Chainlink Trust to convert into a fully tradable ETF on NYSE Arca. This shift gives traditional investors a regulated and familiar way to gain exposure to LINK, a token increasingly recognized for its role in powering real-world blockchain utility. Grayscale filed its S-1 registration in late September to...

Ripple, the San Francisco-based enterprise blockchain company, has gained an expanded Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a major milestone in its Asia-Pacific strategy. The update, announced Monday, positions Ripple to broaden its operations in one of the worlds most influential crypto hubs and deepen its long-term commitment to regulated digital asset services. Singapore has long been recognized as a leading financial and fintech center with one of the most progressive digital asset regulatory frameworks. MAS clear standards have...

Crypto markets were slammed early Monday after a sharp wave of forced liquidations erased nearly $646 million in leveraged positions across major exchanges. The sudden flush-out pressured bitcoin, ether and top altcoins, dragging prices back toward the lower end of their recent trading ranges and adding to an already bruising month for digital assets. According to data from Coinglass, long positions accounted for almost 90% of the total liquidations, signaling that bullish traders bore the brunt of the selloff. The largest single liquidation involved a $14.48 million ETH-USDC position on...

Dogecoin plunged nearly 8% after losing its most important support level, triggering a cascade of liquidations and pushing the memecoin toward new monthly lows. The breakdown comes at a time when market sentiment is broadly risk-off, Bitcoin is hovering near multi-month lows, and liquidity across crypto markets continues to deteriorate. Despite anticipation surrounding new DOGE exchange-traded funds, institutional demand remains far weaker than expected. Grayscale and Bitwises Dogecoin ETFs attracted only $2.16 million in inflows during their first week a figure that has done little to...

A key momentum gauge closely followed by crypto traders has turned negative, signaling a potential shift into a deeper bitcoin downturn. The monthly Moving Average Convergence Divergence (MACD) histograman indicator that tracks trend strengthprinted its first red bar below the zero line in November after bitcoin slid more than 17%. This bearish crossover suggests the powerful rally that began near $20,000 last year may have run its course, with sellers now taking control. Historically, similar MACD shifts have preceded significant declines in every major bitcoin cycle since 2012. After BTC...

XRP tumbled 7% to $2.05 after a sudden surge of institutional selling shattered key support levels and dragged the token back into its earlier November correction zone. The decline came despite strong signs of long-term accumulation and continued demand from newly launched XRP exchange-traded products. Recent data shows XRP spot ETFs saw more than $666 million in inflows this month, driven in part by 21Shares TOXR listing. At the same time, exchange balances fell 45% over the last 60 days, signaling continued accumulation by large holders. Whale wallets added another 150 million XRP since...

Mainland China has once again reinforced its strict anti-crypto stance, pledging to intensify its crackdown on virtual currency speculation amid growing concerns over financial risks. According to a recent report from China Daily, top officials from the Peoples Bank of China (PBOC), the Ministry of Public Security, the Central Cyberspace Affairs Commission, and other regulatory bodies emphasized that virtual currencies do not possess the legal status of fiat money and are banned from use as currency in the domestic market. Authorities reiterated that all crypto-related activitiesincluding...

White House economic advisor Kevin Hassett has indicated he is willing to serve as the next Federal Reserve chair if appointed by President Donald Trump, a statement that arrives as financial markets increasingly price in faster monetary easing in 2025. Hassett made the remarks on Fox Friends, telling viewers he would be happy to serve, reinforcing rising speculation that he is the leading contender to replace Jerome Powell when his term ends next year. His comments underscore expectations that the central bank will move swiftly if economic conditions weaken further. Market sentiment has...

Elon Musk has reignited the long-running debate over Bitcoins intrinsic value, describing the cryptocurrency as a true energy-backed asset. In a newly surfaced interview clip with entrepreneur Nikhil Kamath, Musk emphasized that Bitcoins strength comes from the fact that it is built on energysomething governments cannot print or fabricate. According to him, energy remains the real currency, and Bitcoin reflects that principle because creating and using energy efficiently is inherently difficult. This limitation, he argued, creates a natural barrier that supports Bitcoins value and could shape...

The metric known as multiple of net asset value, or mNAV, has quickly become a popular way to value publicly traded bitcoin treasury companies firms whose primary strategy is holding bitcoin on their balance sheets. As companies like Strategy (MSTR) continue accumulating BTC, investors rely on mNAV to understand whether these stocks trade at a premium, at parity, or at a discount relative to the underlying bitcoin they hold. But as its use grows, so does criticism that the metric oversimplifies complex capital structures and risks. mNAV is typically calculated by dividing a companys...