SKN | Crypto Markets Trail Wall Street Rally as Bitcoin ETF Demand Loses Momentum
Bitcoin, Ethereum, XRP, and Dogecoin have underperformed global equities despite a powerful nine-week rally across major stock markets. While investors have embraced risk...
SKN | Is Bitcoin Approaching a Final Capitulation Zone as BTC Slides Toward $72,000?
Highlights: • Bitcoin fell to a six-week low of $72,395 as selling pressure intensified despite record highs in U.S. stock markets. • Analysts...
SKN | CFTC Opens Door to Regulated Crypto Perpetual Futures as Kalshi and Coinbase Secure Landmark Approvals
The U.S. Commodity Futures Trading Commission (CFTC) has taken a significant step toward integrating cryptocurrency derivatives into regulated financial markets, allowing the first...
SKN | Paxos Secures SEC Approval for Blockchain-Based U.S. Stock Clearing, Marking Major Shift in Market Infrastructure
Paxos has become the first blockchain-native company authorized by the U.S. Securities and Exchange Commission (SEC) to provide clearing and settlement services for...
SKN | Ethereum Falls Below $2,000 as ETF Outflows and Market Uncertainty Weigh on Sentiment
Ethereum slipped below the critical $2,000 threshold for the first time in months, intensifying concerns about weakening institutional demand and broader risk-off sentiment...
SKN | Tether’s U.S.-Focused Stablecoin Surges 540% in One Month as Institutional Demand Accelerates
Tether’s U.S.-focused stablecoin, USAT, recorded explosive growth in April, highlighting the accelerating adoption of regulated dollar-backed digital assets in the United States. The...
SKN | XRP Climbs Back Above $1.30 on Heavy Trading Volume, but Broader Downtrend Remains Intact
XRP recovered above the $1.30 level after a sharp increase in trading activity triggered renewed buying interest across major cryptocurrency exchanges. Despite the...
SKN | SEC Approves Paxos as First Blockchain-Native Clearing Agency, Accelerating Wall Street’s Digital Asset Transition
The US Securities and Exchange Commission has approved Paxos as the first blockchain-native firm authorized to operate as a registered clearing agency, marking...
SKN | Bitcoin ETF Outflows Hit Record Nine-Day Streak as Investors Withdraw $2.8 Billion
U.S. spot Bitcoin ETFs have recorded their longest stretch of net outflows since launch, with investors withdrawing approximately $2.8 billion over nine consecutive...
SKN | OKX Ventures and Korea Investment & Securities to Inject $53M Each Into Coinone, Signaling Renewed Institutional Push in Korean Crypto Market
Key Takeaways OKX Ventures and Korea Investment & Securities are reportedly committing $53 million each to acquire stakes in South Korea’s Coinone exchange....
Don't Miss
SKN | Moscow Exchange to Introduce Bitcoin, Ether and USDT Trading in December
Key Points: December Launch Planned: Moscow Exchange intends to begin trading Bitcoin, Ether and Tether’s USDT on December 1, establishing an organized digital...
SKN | Australia Raises Interest Rates to 18-Year High as AI Investment and Energy Costs Drive Inflation
Key Points: Interest Rate Reaches 4.85%: The Reserve Bank of Australia increased its benchmark interest rate by 25 basis points to 4.85%, its...
