XRP Notches Best Week Since 2024 Election Pump on Bitcoin Short Squeeze

In briefXRP gained 10.40% on Wednesday alone, its biggest daily jump since February 6, then extended the rally Thursday, up roughly 30% for the week.The move traces back to Bitcoins break above $72,000, fueled by a record short squeeze and a U.S. Treasury plan to double long-bond buybacks starting September 9.XRPs own ETF inflows fell during the spike even as the token outperformed Bitcoin, and futures open interest has already dropped more than 11% off its rally-day peak.  XRP, the cryptocurrency created by the co-founders of Ripple, is trading near $1.29, up a whopping 30% since last weekends close under $1.  The move represents the coins strongest week in months, and one that started from a level it hadnt touched since right before its 2024 election pump. The token bottomed at $0.9862 last week, the same zone it sat in just before November 2024s post-election rally carried it toward an all-time high near $3.65.  Myriad: XRP price next move? Click to make your prediction.  Wednesdays session did the heavy lifting. XRP gained 10.40% that day, its sharpest single-day move since February 6, when the token also jumped more than 20%. Thursday brought a second leg higher, pushing the weekly candle toward $1.32, the closest

2 دن پہلےانڈسٹری

Bitcoin Hits $72,850 as Traders Lose $650M in Shorts

Bitcoin surged past $72,000 to a session high of $72,850, gaining approximately 14% over four days and raising its market capitalization to $1.45 trillion.  Key TakeawaysBitcoin surged 14% over four days to a session high of $72,850, lifting its market cap to $1.45 trillion.Pro-crypto White House meetings and Treasury policy shifts sparked $1.59 billion in short bets liquidated.Market strategists expect Scott Bessents expanded Treasury bond buybacks to spur further crypto momentum.  Intraday Price Action and Breakout  Bitcoins unrelenting surge showed no signs of abating Thursday afternoon as the top cryptocurrency capitalized on pro-crypto sentiment from a White House meeting. Market data shows that after facing resistance at $72,000 earlier in the day, bitcoin easily breached the mark around 6:20 a.m. EST, climbing to $72,330.  Although bitcoin briefly slipped back below $72,000 for five hours, persistent buying pressure kept it near the threshold. Around 11 a.m., a second wave of buying propelled the cryptocurrency to a session high of $72,850. The surge lifted bitcoins 24-hour gain to 5.6% and boosted its market capitalization from $1.44 trillion to $1.45 trillion.  Since Monday, Aug. 17, when it traded around $63,500, bitcoin has added approximately $9,000 to its value—a 14% gain in just four days. The increase narrowed its

2 دن پہلےانڈسٹری

Iranian Hackers Tied to $6 Million Bitcoin Extortion Charged in Massive Cyber Campaign

In briefU.S. prosecutors charged 17 alleged members of Iran-based Mabna Institute in a years-long hacking campaign.Six defendants were allegedly involved in the HBO hack, which included an attempt to extort the company for roughly $6 million in Bitcoin.The group allegedly stole at least 31.5 terabytes of academic data and intellectual property.  U.S. prosecutors charged 17 alleged Iranian hackers involved in a years-long cyber campaign that included the 2017 HBO breach and an attempt to extort the company for roughly $6 million in Bitcoin.  On Tuesday, the Justice Department said the defendants were members of Iran-based Mabna Institute, which allegedly carried out hacks for Irans Islamic Revolutionary Guard Corps and other Iranian government and university clients. The group targeted hundreds of universities, companies, government agencies, and other organizations worldwide, prosecutors said.  Myriad: Will the Clarity Act be signed into law in 2026? Click to make your prediction.  Behzad Mesri was previously charged with hacking entertainment giant HBO, stealing proprietary data. Prosecutors said five other defendants—Saeid Houshyar, Manouchehr Hashemloo, Keyvan Fayaz, Saber Shahbazi Ballojeh, and Arman Kahzadian—were directly involved in the hack.  “The superseding indictment alleges that, at the behest of entities including the IRGC, these defendants hacked into universities and other research institutions worldwide, including the

2 دن پہلےانڈسٹری

Why Bitcoin-backed loans need qualified custody and no rehypothecation, according to Arch Lending CTO

Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending.  Himanshu Sahay, co-founder and chief technology officer of Bitcoin-backed lending platform Arch Lending, told crypto.news that wealthy Bitcoin holders are increasingly using loans to meet cash needs while keeping their exposure to the asset.  “For long-term Bitcoin holders, borrowing can provide liquidity without requiring them to sell their position,” Sahay said.  Individuals may use the proceeds for another investment or personal expenses, while family offices and businesses can borrow for working capital, according to Sahay. The arrangement allows the borrower to retain ownership of their Bitcoin unless the loan terms trigger a collateral sale.  A recent report on lending found that demand for Bitcoin-backed credit has recovered as investors look for liquidity without selling their holdings. The report said lending platforms have responded to the failures of 2022 by adopting clearer custody arrangements, plainer disclosures and more conservative risk controls.  Bitcoin-backed loans provide cash without an immediate sale  For US investors, selling appreciated Bitcoin generally requires the holder to calculate a capital gain or loss. The Internal Revenue Service treats digital assets held for investment as capital assets and requires taxpayers

2 دن پہلےانڈسٹری

The Bitcoin Bull Run Continues: BTC Reached the $73,000 Mark in the Latest Rally—Here‘s Why It’s Rising and the Latest Data

Bitcoin surged a second time today, surpassing $72,000 and reaching its highest level since June, following yesterdays sharp rise. According to Binance data, $BTC climbed as high as $72,830 during the day, and is currently trading around $72,500 at the time of writing.  A chart showing the increase in $BTC price.  The rise in the cryptocurrency market is believed to be driven by two significant developments from the US. The first catalyst was the US Treasury Departments announcement that it will at least double the size of its repurchase operations for long-term government bonds.  Under the new plan, the maximum size of buyback operations for 10-20 year and 20-30 year bonds is planned to be increased from $2 billion per transaction to at least $4 billion.  Following the decision, the US 30-year Treasury yield, which had previously climbed to 5.337%, its highest level since 2007, fell sharply. The decline in long-term bond yields increased the relative attractiveness of alternative assets like Bitcoin, which does not provide yield, and $BTC was one of the first assets to react strongly to the news.  Crypto Meeting at the White House Boosts Bitcoin Once Again  The second wave of Bitcoins rise occurred following new news from Washington.  US President Donald Trump

2 دن پہلے

5 Reasons Why Moderna Stock Jumped 170% and How Far It Can Go

Moderna (MRNA) jumped 177% on Wednesday, and the strangest part is how little news it took. A $200 million estimate change moved $30 billion on the stock market.   Moderna became famous for its COVID vaccine five years ago, and its stock price is now at its highest since mid-2024. So, investors wasted no time taking profits after such a massive rally.  But can the stock price climb further? Or will the rally stop here?  Sponsored  Sponsored  What Actually Made Moderna Jump 130%?  The drug did not do it alone. Leerinks revised estimate raised its 2032 sales estimate by roughly $200 million. Yet, the stock moved 150 times that amount in a market already at record highs.  The 150x Gap: BeInCrypto  Five loaded conditions did the rest. Moderna had collapsed 95% from $484 to $22. The recovery was already running, up 357% in 2026 on a flu approval before the cancer news.  Modernas Collapse Came First: BeInCrypto  The price sat above all six moving averages while analysts refused to believe with a $52.95 average target under the current price.  Bearish MRNA Analysts: TipRanks  And short sellers, traders who borrow shares and sell them betting on a fall, held 13.37% short interest in the freely traded shares, losing $4.8 billion when the readout

2 دن پہلےانڈسٹری

French couple kidnapped in alleged Bitcoin extortion plot

A French couple has been kidnapped from their home in Rion-des-Landes in an alleged crypto extortion attack that left the man injured and led to two arrests.  SummaryTwo residents were allegedly taken from their home during the night of Aug. 10–11.The attackers reportedly sought access to a large amount of Bitcoin and other cryptocurrencies.The man was found naked and injured, while the woman was recovered in another department.Two men were arrested as the Bordeaux specialized jurisdiction took charge of the investigation.  Actu Landes reported on Aug. 20 that several people entered the couples home at around 4 a.m. and allegedly threatened them while seeking access to their Bitcoin and other crypto holdings.  The Bitcoin kidnapping began with an early-morning home invasion  According to the local news outlet, the attackers initially held the two residents inside their home in Rion-des-Landes, a town in the Landes department of southwestern France. The group allegedly tried to force the victims to hand over what the report described as a large amount of Bitcoin and other digital assets.  After the confrontation inside the property, the assailants allegedly removed both victims from the house and transported them to separate locations. Actu Landes did not report whether any cryptocurrency was transferred, how

2 دن پہلےانڈسٹری

Nearly 2,000 Hacked WordPress Sites Turned Into Criminal Infrastructure

In briefCheck Point Research identified nearly 2,000 compromised WordPress sites used by the StopAndProtect malware operation.More than 6,000 unique IP addresses had been compromised as of July 24, including 1,852 in the United States.Researchers believe the attackers accidentally infected themselves, exposing internal files and tools used to manage compromised sites.  Nearly 2,000 hacked WordPress websites were used to distribute malware, steal data, monitor victims, and deploy ransomware, according to cybersecurity firm Check Point Research.  In the report published on Tuesday, researchers said the StopAndProtect ransomware family was first discovered in mid-May before tracing it to a broader operation. The hacked websites hosted malware, sent commands to infected computers, and stored stolen documents, screenshots, and activity logs.  Myriad: Who wins BLAST Open Porto 2026? Click to make your prediction.  “The operation doesnt rely on a single piece of malware, but on a whole toolkit of criminal software working together,” Check Point researcher Jaromír Horejsi wrote. “Some components encrypt files, others silently steal documents or lock the screen, and another acts as a live chat between the attackers and their victims.”  According to Check Point, the malware targets Windows users and begins with a fake CAPTCHA on a compromised website. The ClickFix prompt instructs victims to run

2 دن پہلےانڈسٹری

CLARITY Act stalls as Scott criticizes Warrens team

The CLARITY Act has stalled ahead of a Sept. 15 procedural vote requiring 60 senators, as Senate Banking Committee Chairman Tim Scott accused Elizabeth Warrens team of trying to drive crypto activity from the United States.  SALT Conference footage from the Wyoming Blockchain Symposium showed Scott blaming Warren and her allies for holding up the Digital Asset Market Clarity Act during his Aug. 18 appearance.  “Elizabeth Warrens team wants to run Bitcoin and crypto out of the country,” Scott said.  The future of finance should be built in America.  Addressing the remaining negotiations, the South Carolina Republican also accused Democrats of repeatedly moving the “goalposts” for political reasons. Scott argued that the bill would not advance unless Republican lawmakers applied direct pressure and forced a Senate vote.  His remarks place Warren, the Banking Committees ranking Democrat, at the center of the dispute over the most extensive digital asset market structure proposal considered by Congress. Warren and other Democrats have sought stronger investor safeguards, financial-crime controls and restrictions covering crypto businesses tied to elected officials.  Scott‘s criticism came one day before Democratic Sen. Ruben Gallego warned that taking the bill to the floor too quickly could damage bipartisan negotiations. Gallego, one of two Democrats who supported the

2 دن پہلےانڈسٹری

OCC head promises final GENIUS rules by November

US Comptroller of the Currency Jonathan Gould said that his agency would have final rules related to the implementation of a payment stablecoin law out by November.  Speaking at the Wyoming Blockchain Symposium on Wednesday, the regulator said that following the Office of the Comptroller of the Currency‘s (OCC’s) proposal to implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, OCC would release finalized rules ahead of the laws scheduled January 2027 enactment.  Gould said that the OCC “will have a final rule out by November” as the agency considered feedback from the crypto industry following the release of its proposed rules in February. He added that he expects the regulator could begin processing applications related to stablecoin issuers starting in 2027.  The GENIUS Act, signed into law in July 2025, aims to create a regulatory framework for payment stablecoins in the US, requiring rules from the government agencies overseeing the products, including the OCC, Treasury Department, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board.  Although the OCC moved forward with a 376‑page proposal to implement GENIUS in February, government agencies have only until Jan. 18 to finalize regulations as the law goes into effect. Several regulators have already

2 دن پہلےانڈسٹری
1
...
1012
...
1000