Kraken Becomes Official Crypto Partner of Tottenham Hotspur

Leading crypto exchange Kraken has inked a partnership with one of England’s most iconic football clubs, Tottenham Hotspur. According to the official announcement, the alliance has made Kraken the crypto, web3, and the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams ahead of the 2024/2025 football season. Kraken Partners With Tottenham Hotspur Kraken said it shares a vision with Tottenham Hotspur on how to leverage cutting-edge technologies like the blockchain to enhance clients’ and fans’ experiences. Both entities will channel their resources toward advancing football fans’ understanding of…

Australian stablecoin startup Stables expands to Europe and UK

Australian stablecoin payments startup Stables has announced its expansion to Europe and the United Kingdom in partnership with Mastercard, which co-founder Bernado Billota says indicates a wider trend of the dollar-pegged assets breaking into the mainstream.  Speaking to Cointelegraph, Bilotta said the expansion marked an important step for his firm, noting an increase in the size of the total addressable market of new customers in Europe, which he said was roughly twenty times the size of Australia. The new partnership will allow Stables users to make purchases with Circle’s USD…

6 Reasons XRP Price Could Hit $1 This Summer (Opinion)

This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull run sometime in Q3? Very Bullish XRP Price Prediction XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near future if Ripple bulls beat key resistance at $1…

US Bitcoin ETFs see record $17B in net inflows

In a landmark achievement, US Bitcoin spot exchange-traded funds (ETFs) have cumulatively netted over $17 billion in inflows, setting a new record. According to data monitored by Farside Investors, the net inflows were driven primarily by BlackRock’s IBIT, which alone accumulated $18.968 billion. Fidelity’s FBTC also contributed significantly, with net inflows of $9.962 billion. Record-breaking net inflows Conversely, Grayscale’s GBTC experienced a substantial net outflow of $18.694 billion, highlighting a shifting preference among investors. On July 17, the 11 US spot Bitcoin (BTC) ETFs recorded a total daily net inflow…

Here Are This Week’s Best Performing Cryptocurrencies: Weekend Watch

As yet another week passes, we will examine some of the best-performing cryptocurrencies over the past seven days. It’s safe to say that the week has treated the markets well, with the total capitalization growing to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances on all fronts, so let’s first start with Bitcoin. Bitcoin Soars 11% in Impressive Recovery Despite not being the top performer, Bitcoin surely made waves in the past seven days, surging by a whopping 11% in the process. As you…

DOGE open interest up 19% amid price ‘breaking out’ to monthly high

Traders are ramping up their positions on Dogecoin as its price “breaks out,” reaching its highest monthly level on July 20. However, not all are convinced that the bullish pattern is confirmed just yet. “DOGE is breaking out and looks primed for an aggressive up move,” pseudonymous crypto trader Shelby wrote in a July 20 X post. They reiterated that Doge’s price breaking out has previously been “a catalyst” for other altcoins to follow, including Floki (FLOKI) and Shiba Inu (SHIB), which have increased 37% and 3.89% respectively, according to…

State Street Is Exploring a Stablecoin and Tokenized Deposits Launch: Report

State Street Corp., a Boston-based major player in traditional finance, is exploring the launch of its own stablecoin and tokenized deposits to improve payment settlement using blockchain technology. According to a Bloomberg report on Wednesday, the bank has been actively making efforts to integrate into the crypto space. State Street Is Pushing for Digital Expansion In addition to the ongoing stablecoin efforts, State Street wants to participate in digital-cash consortium development and explore settlement options through Fnality International, a fintech company in which it has invested. Fnality focuses on blockchain-based…

TSMC becomes first Asian company to reach $1T as AI demand surges

Taiwan Semiconductor Manufacturing Company Limited, more commonly known as TSMC, became the first Asian firm to reach a market capitalization of more than a trillion dollars as it briefly surpassed Berkshire Hathaway on June 20 to become the eight most valuable company in the world.  The company’s quiet rise comes on the wings of its massive portfolio of tech and manufacturing giants who source its semiconductors. Apple and the gang TSMC is the world’s largest semiconductor manufacturer. Its top customers include Apple, AMD, Intel, Nvidia, Intel, and Qualcomm. However, Apple…

Bitcoin’s Price May Have Bottomed Out, But There’s a Catch: CryptoQuant

Since last weekend, the price of bitcoin (BTC) has rallied significantly, signaling that the crypto asset may have bottomed out. Bitcoin has recovered to a high of $67,000, although it was hovering around $64,000 at the time of writing. This comes after holders realized their largest losses so far in 2024. CryptoQuant analysts said on-chain metrics suggest positive momentum in the near term; however, it may not be sustainable as stablecoin liquidity and Bitcoin demand have recorded little to no growth. Bitcoin May Have Bottomed Out CryptoQuant found that BTC…

Ether price may dip after ETF ‘novelty’ wears off due to surging supply

Ethereum’s price might decline after the initial buzz surrounding spot Ethereum exchange-traded funds (ETF) wears off if its supply continues to increase at the current rate, according to an analyst. “If the supply of ETH keeps increasing by ~60k/month like it has been since April, then by Dec the supply will be back to what it was at the merge,” crypto trader and Into The Cryptoverse founder Benjamin Cowen wrote in a July 19 X post, referring to when the much-anticipated Merge transitioned Ethereum (ETH) to its current proof-of-stake consensus model in…