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Cardano (CRYPTO: ADA) founder Charles Hoskinson mocked Ripple Labs (CRYPTO: XRP) CEO Brad Garlinghouse on Sunday for not challenging the current draft of the cryptocurrency market structure bill.
Hoskinson Furious With Garlinghouse
In a live stream from his official X account, Hoskinson slammed Garlinghouse for not firmly opposing the latest version, which many in the industry see as favoring banks and financial incumbents at the expense of decentralized finance.
Garlinghouse praised the Senate Banking Committee for providing “workable frameworks” for crypto, stating that “clarity beats chaos.” He expressed optimism that issues will be resolved through the markup process.
Benzinga
Leading cryptocurrencies failed to rally on Monday as geopolitical tensions over Greenland dampened investors’ risk appetite.
CryptocurrencyGains +/-Price (Recorded at 8:20 p.m. ET)Bitcoin (CRYPTO: BTC)-0.12%$92,635.81Ethereum (CRYPTO: ETH) -1.06%$3,182.04XRP (CRYPTO: XRP) +1.33%$1.97Solana (CRYPTO: SOL) -0.38%$133.58Dogecoin (CRYPTO: DOGE) +1.01%$0.1283Bitcoin Enters Consolidation Amid ‘Fear’ Sentiment
Bitcoin consolidated between $92,000 to $93,300 overnight, while trading volume rose nearly 10% over the last 24 hours.
Ethereum dived to…
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Bitcoin is holding above the $92,000 level despite a roughly 3% single day drop as renewed U.S. tariff threats weighed on risk assets.
Notable Statistics:
Coinglass data shows 246,661 traders were liquidated in the past 24 hours for $852.08 million.
SoSoValue data shows net outflows of $394.7 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $4.64 million.
In the past 24 hours, top losers include ether.fi, Aptos and Celestia.
Notable Developments:
Trader Notes: Crypto trader Popeye pointed out that since 2019, Bitcoin has never printed more than three consecutive red monthly candles, and January has closed green in five of the past six…
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Bitcoin Price Weekly Outlook
Well, the bitcoin price action was looking quite bearish after last week’s close, but the bulls managed to maintain the bullish structure around the $90,000 level and made that push up to $98,000 resistance. The price retreated from there and closed the week out at $93,638. Expect the bulls to take another run at the $98,000 resistance level this week and aim for the upper end of this resistance zone at $103,500 if they can sustain price action above $98,000. Early in the week, support at $91,400 may be tested and must hold for the bulls to continue their charge.
Key Support and Resistance Levels Now
The bulls have finally made some progress,…
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Coinbase (NASDAQ:COIN) CEO Brian Armstrong has withdrawn support for the proposed Crypto Clarity Act, citing fundamental flaws in the legislation. Some market participants see the development as a net positive for cryptocurrencies.
What Happened: The Clarity Act has drawn heavy criticism across the crypto industry, with opponents arguing it attempts to centralize and control digital assets under the banner of consumer protection. Critics say the bill favours banks and financial incumbents at the expense of decentralized finance.
Key concerns include a proposed ban on tokenized equities, strict limitations on DeFi that could undermine financial privacy, a shift in regulatory power away from…
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Ripple’s role is evolving alongside the United States’ shift from regulation by enforcement to regulation by legislation, a transition that could keep XRP (CRYPTO: XRP) relevant even as market structure changes.
What Happened: Trader Cryptoinsightuk said the U.S. has moved from a hostile stance toward crypto to a framework designed to support innovation and domestic development.
Recent measures such as the GENIUS Act on stablecoins, the CLARITY Act clarifying securities versus commodities, and Executive Order 14178, which bans retail CBDCs while backing public blockchains, have provided long-sought regulatory clarity. Together, they lower barriers for institutional participation and…
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Blockspace Media has acquired Bitcoin Layers, an independent data platform tracking metrics across Bitcoin’s layer-2 and scaling ecosystem, as the company expands beyond journalism into data and intelligence products.
The acquisition brings Bitcoin Layers’ research and on-chain analytics directly into Blockspace’s content and product suite, including a forthcoming data dashboard designed to track adoption, total value locked (TVL), and activity across Bitcoin L2s and other scaling platforms, the company wrote to Bitcoin Magazine.
Bitcoin Layers will serve as Blockspace’s first proprietary data product, with plans to expand coverage to bitcoin-related equities, ETFs,…
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Bitcoin fell early Monday after peaking near $95,000 over the weekend, triggering heavy deleveraging across the crypto market; liquidations stand at $874.01 million over the past 24 hours.
Bitcoin ETFs saw $394.7 million in net outflows on Friday, while Ethereum ETFs reported $4.64 million in net inflows.
No Clean, Quick, Substantial Moves Though!
PostyXBT said Bitcoin is stalling near the weekly open, noting the earlier downside sweep was expected. As long as BTC holds above $90,000, a push toward $100,000 later this week remains possible. Overall price action, however, remains choppy with no decisive moves—typical for crypto markets.
CyrilXBT said Ethereum is slowly recovering from…
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