Latest Crypto News & Market Updates

Gold price in Philippines: Rates on July 28

Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet.　　The price for Gold stood at 8,010.13 Philippine Pesos (PHP) per gram, down compared with the PHP 8,077.87 it cost on Monday.　　The price for Gold decreased to PHP 93,435.17 per tola from PHP 94,218.74 per tola a day earlier.Unit measureGold Price in PHP1 Gram8,010.1310 Grams80,101.70Tola93,435.17Troy Ounce249,146.50　　FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

07-28Industry

Prediction Market Traders Brace for Surprise Fed Rate Hike

In briefThe odds that the Fed pushes for “no change” on interest rates has fallen sharply on prediction markets in the last 24 hours.The odds of a quarter-point Fed rate hike have jumped: up almost 10% on Polymarket, and around 8% on Myriad.Fed-funds futures put the probability of an increase at 38.8% as of Monday afternoon.　　The odds that the Federal Reserve does the unexpected tomorrow just went up.　　Prediction-market traders today sharply raised the implied odds of a Federal Reserve rate hike, one day before the central banks two-day July meeting begins.　　On Polymarket—a prediction market where contract prices behave like crowd-implied probabilities—the “no change” outcome fell 8.9 percentage points to 73.25% in the last 24 hours. A 25-basis-point increase jumped 9.7 points to 26.65%, with $100.83 million traded overall and $5.78 million in the past 24 hours.　　Myriad, a prediction market operated by Decrypts parent company Dastan, showed almost the same split, displaying 74% for “no change” and 27% for an increase. On Myriad, the odds of “no change” dropped by 9% in the past day while the odds of a rate hike jumped by 8%.　　Professional rate traders were seemingly more nervous about the Feds next move. Fed-funds futures—contracts used to price

07-28Industry

Bitcoin (BTC) price news: Price drops 2% after U.S. close while Koreas Kospi plunges 10%

Bitcoin BTC　　$63,189.65 has come under pressure since the U.S. stock market closed Monday, with South Koreas Kospi leading Asian equities lower and providing risk-off cues to the cryptocurrency market.　　BTC has fallen to $63,200 from nearly $65,000, a 2.7% decline that has spilled over into the broader crypto market and dragged down the likes of ether (ETH), XRP (XRP), solana (SOL), and others. The drop ends the brief resilience the market showed earlier Monday as shares in NVDA tanked on Wall Street.　　The Senate has shelved the CLARITY Act to prioritize a Russia sanctions bill, making a vote on the much-awaited legislation, touted to deliver regulatory clarity and unlock massive institutional buying for digital assets, unlikely before next week. This leaves only the final days before the Aug. 8 recess.　　Asian stocks cracked sharply, with South Korea‘s Kospi index falling 10% to its lowest level since mid-April. The index has now dropped 25% from its mid-June peak. The latest decline featured steep losses in heavyweights such as Samsung and SK Hynix. “The market is falling out of love with chipmakers at the moment and that’s been a big driver of the bull market in South Korea,” InvestingLive wrote.

07-28Industry

$700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC

Roughly $80 billion left the space during the Tuesday morning crash.　　Bitcoins Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low.　　Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million.　　BTCUSD July 28. Source: TradingView　　The chart above paints a clear and painful picture. BTC had maintained $64,000 over the weekend before it jumped to a multi-day peak of $65,600 on Monday. It tried to take down that resistance twice, but it was stopped each time.　　The second rejection was quite violent as it drove the asset south by nearly $3,000 in hours. Thus, BTC plummeted to $63,000 for the first time since July 17.　　Popular analyst CRYPTOWZRD weighed in on the latest move south, indicating that the largest digital asset had closed bearish. They believe its essential for BTC to remain above the currently tested support at $63,000; otherwise, it could slump to new local lows.　　ETH was yesterdays top gainer, surging to a two-month peak of $1,980. However, it has lost $100 since then and now sits well below $1,900. XRP has dumped

07-28Industry

NY Attorney General Letitia James warns Clarity Act would 'dilute' states' ability to go after fraud as pressure mounts

Quick TakeThe Clarity Act would undermine New York, which has been a leader in regulating crypto for over a decade, as well as other states, said NYAG Letitia James in written testimony on Monday to the Senate Homeland and Governmental Affairs permanent subcommittee.James testimony comes as lawmakers in Washington are working to get a floor vote in the Senate for sweeping legislation that would regulate the crypto industry for the first time at the federal level.　　New York Attorney General Letitia James urged Congress to tighten proposed cryptocurrency legislation, warning that it would weaken states ability to police the industry, and urged lawmakers to add stronger anti-money-laundering and ethics safeguards.　　The Clarity Act would undermine New York, which has been a leader in regulating crypto for over a decade, as well as other states, James said in written testimony on Monday to the Senate Homeland and Governmental Affairs permanent subcommittee.　　“The Digital Asset Market Clarity Act (CLARITY) seeks to interfere with and preempt states‘ investor protection laws as well as dilute our ability to prosecute fraud,” James said. “This is a mistake. State and local law agencies do the lion’s share of law enforcement work in this country.”　　James testimony comes as lawmakers in

07-28Industry

Securitize Capital becomes SEC-registered investment adviser

Securitize Capital, a subsidiary of tokenized asset platform Securitize, has registered with the US Securities and Exchange Commission (SEC) as an investment adviser, allowing the company to expand its regulated investment advisory business for institutional clients, Securitize said Monday.　　The registration adds investment advisory capabilities to Securitizes existing regulated businesses, which include an SEC-registered broker-dealer, alternative trading system, transfer agent and fund administration services.　　CEO Carlos Domingo said the registration strengthens Securitizes ability to help institutions develop and manage investment strategies for onchain capital markets. Securitize Capital previously operated as an exempt reporting adviser and is now subject to additional disclosure, compliance, recordkeeping and examination requirements under the Investment Advisers Act.　　Securitize is the largest tokenization platform by onchain asset value, with around $4.8 billion in tokenized assets across funds from BlackRock, Apollo, KKR, VanEck, Hamilton Lane and other asset managers.　　The company began trading on the New York Stock Exchange under the ticker SECZ on July 2 after completing a merger with Cantor Equity Partners II. Shares have since fallen about 46% from their first-day closing price.Top RWA tokenization platforms. Source: RWA.xyz　　Magazine: CLARITY hopes fade, BitMEX shuts as lawsuit looms: Hodlers Digest, July 26

07-28Industry

Fed rate hike bets ease: Why the Silver is falling？

Silver price (XAG/USD) declines after registering nearly 0.5% gains in the previous day, trading around $57.50 per troy ounce during the Asian hours on Tuesday. The non-yielding white metal may regain ground as the prospect of de-escalation sends oil prices lower, easing market concerns over rising inflation and further interest rate hikes.　　US President Donald Trump indicated that the US is engaged in “good talks” with Iran to resolve the conflict in the Middle East. However, Trump also cautioned that the US is prepared to resume military strikes if negotiations collapse. The statement comes after the US suspended attacks late Friday following nearly two weeks of hostilities, with Tehran simultaneously halting retaliatory strikes against US bases in neighboring countries.　　Washington suspended its 13-night strike campaign over the weekend, leading to three consecutive days without attacks. Tehrans foreign ministry countered that no direct negotiations with the US are taking place, noting its only active dialogue is with Oman regarding the future of the Strait.　　Traders are turning their attention to the Federal Reserves upcoming policy decision this week, where central bank officials are widely expected to keep interest rates on hold. While lingering inflationary pressures have led a minority of traders to speculate on

07-28Industry

Tether Gold gains Shariah certification for XAU₮

Tether Gold has secured Shariah certification for XAU₮, widening the gold-backed tokens potential use among Islamic banks, institutions, and individual investors.　　XAU₮ receives Shariah approval from Amanah Advisors　　Tether announced on July 27 that XAU₮ had received Shariah compliance certification from Amanah Advisors, a global Islamic finance advisory firm led by Mufti Faraz Adam.　　The review covered the tokens ownership model, reserve transparency, physical backing, and compliance with Islamic rules governing gold transactions. Amanah Advisors also assessed whether the product involved interest, leverage, or speculative derivatives.　　According to Tethers announcement, the certification found that XAU₮ meets the main requirements of Islamic finance. These include clear ownership of a real asset and the absence of riba, the Islamic term for interest.　　TG Commodities, S.A. de C.V. issues XAU₮. Each full token represents ownership of one troy fine ounce of gold on a London Good Delivery bar stored in a Swiss vault.　　Certification opens access to Islamic finance markets　　Shariah approval could make XAU₮ available for a broader range of Islamic financial products, including halal savings (savings permitted under Islamic law), institutional gold allocations, takaful services (Islamic insurance), trade finance, and collateralized lending.　　Islamic finance generally requires transactions to involve identifiable assets while avoiding interest, excessive uncertainty, and gambling-like speculation.

07-28Industry

XRP and XLM outlook: Slide as bearish pressure grows

Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins.　　Weakening derivatives metrics support downside risk　　Derivatives data shows a slight bearish tilt. CoinGlass‘ long-to-short ratio for both XRP and XLM read 0.83 and 0.98, respectively, on Tuesday, nearing their lowest levels in over a month. The ratio being below one, indicates bearish sentiment, as traders are betting the assets’ prices will fall.　　XRP long-to-short ratio chart. Source: Coinglass　　XLM long-to-short ratio chart. Source: Coinglass　　In addition, the funding rates also show a bearish outlook. XRP funding rates flipped negative on Monday, reading -0.0058% on Tuesday. Similarly, for XLM, the funding rate flipped negative on Monday, reading -0.0210%, indicating that shorts are paying longs and signaling bearish sentiment.　　XRP funding rates chart. Source: Coinglass　　XLM funding rates chart. Source: CoinglassXLM technical outlook: Bears in control of the momentum　　XRP price trades at $1.05 on Tuesday after losing over 4% the previous day. XRP is maintaining a bearish near-term bias as price remains below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs) at $1.13,

07-28Industry

Strategy Opens the Door to Bitcoin Sales—Michael Saylor Explains Why It Makes Sense

Key TakeawaysMichael Saylor explained that Strategy may fund STRC repurchases through MSTR stock sales or bitcoin sales.The company plans to adjust STRC repurchases according to market price and liquidity.Saylors objective centers on stronger liquidity, lower volatility, and sustainable independent demand for STRC.　　Why Saylor Anticipates More Bitcoin Sales　　Michael Saylor, Executive Chairman of Strategy Inc. (Nasdaq: MSTR), revealed on July 27 in an X post that future STRC repurchases may be funded through either bitcoin sales or MSTR stock sales, depending on market conditions. STRC is Strategys Variable Rate Series A Perpetual Stretch Preferred Stock, carrying a $100 stated amount and a dividend rate that management evaluates monthly.　　Bitcoin sales could become an attractive financing option when STRC trades sufficiently below $100, allowing the company to retire preferred shares at a discount.　　Saylor said the company aims to keep STRC trading near its $100 stated amount with high liquidity, low volatility, and sustainable independent demand. Under Strategys digital credit capital framework, it does not intend to issue additional STRC below $100.　　Discounted Buybacks Guide the Purchase Pace　　During the week ending July 26, the company repurchased 288,930 STRC shares for approximately $25 million at an average price of $86.52 per share, the company announced on July

07-28Industry

...

9395

...

1000