Latest from Will Canny
Filecoin Tumbles 5% After Breaking Below Key Support Level at $2.54
Momentum indicators point to continued weakness with further downside potential toward the $2.48-$2.45 range.
APT Slips 4% After Breaking $4.77 Technical Support Level
The price has now stabilized around $4.771, suggesting potential consolidation after a sharp decline.
Rails Raises $14M From Backers Including Kraken to Launch Crypto Exchange
Backed by Kraken, Slow Ventures, and CMCC Global, the trading platform offers on-chain custody combined with high speed execution.
Today's Corporate Bitcoin Holders Could be Tomorrow's Forced Sellers: StanChart
Sixty-one corporate treasuries now hold a combined 3.2% of the total bitcoin supply.
BCB Strikes Deal with SocGen–FORGE to Distribute Euro-Pegged Stablecoin EURCV
EURCoinVertible (EURCV) is one of the first stablecoins to comply with the EU’s Markets in Crypto Assets (MiCA) framework, which came into effect earlier this year.
Bitcoin Mining Profitability Improved in May, JPMorgan Says
The total market cap of the 13 U.S.-listed miners that the bank tracks rose 19% from the month previous, according to the report.
Ethereum Upgrades Have Failed to Boost Network Activity in Meaningful Way: JPMorgan
Neither the number of transactions nor active addresses has increased significantly following recent network upgrades, the report said.
Stablecoins Boost Treasury Bill Demand, Reflect Dollar Dominance, Citi Says
As stablecoin usage grows, so does the demand for short-term U.S. Treasuries, the report said.
U.S. Spot Crypto ETFs Saw Strong Inflows on Wednesday, JPMorgan Says
Both ether and bitcoin products saw net inflows despite a drop in underlying asset prices, the report said.
