Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
Chainlink is partnering with over ten South Korean lenders to implement real-time settlement technology and reduce foreign exchange transaction delays.
Aave’s price saw a 34.86% bounce but is now showing signs of further decline, dropping 5.74% in 24 hours with increasing volume.
The CFTC sued Kentucky over prediction markets, asserting exclusive federal jurisdiction and challenging the state’s alleged overreach into regulated activities.
The U.S. Senate has passed legislation prohibiting the Federal Reserve from developing a central bank digital currency or similar assets until the year 2030.
Bitcoin’s price confirmed a bearish head-and-shoulders pattern, with significant liquidations and ETF outflows increasing selling pressure, risking a drop below $60,000.
US factory job cuts in June reached their highest level since 2009, excluding the COVID-19 pandemic period, according to S&P Global data.
The Ethereum Foundation restructured, reducing its workforce by roughly 20% (54 employees) across five core departments, offering severance packages.
The Ethereum Foundation has reduced its budget by 40% this year as it shifts to an endowment model, aiming for long-term sustainability.
XRP’s price remains relatively quiet, contrasting with significant growth in its development and community participation metrics, suggesting underlying positive activity.
Analysts warn of a potential Bitcoin liquidity trap. Thin upside gains are possible before a significant move towards $60,000, suggesting caution.