News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
The Federal Reserve held its first payment innovation conference, discussing stablecoins, tokenization, and AI payments. The concept of a streamlined master account was proposed, and the legitimacy of the crypto industry was acknowledged, promoting the integration of traditional finance with digital assets. Summary generated by Mars AI.
The global adoption of cryptocurrencies is accelerating, with positive developments in regulation and institutional usage. However, prices are declining. This is why fundamentals and charts do not always align.
Quick Take Summary is AI generated, newsroom reviewed. RoyalTrading posts chart urging traders to monitor XRP closely. XRP trades at $2.39 with 1.10% daily dip on Binance. Support lies near $2.30–$2.40; resistance at $2.45–$2.50. Market cap $144B, 24-hour volume $4.6B.References X Post Reference
From repeated execution to rapid verification, a computational revolution hidden behind graphics cards is transforming the very foundation of blockchain.
- 00:52Trump's wife involved in fraud lawsuit for alleged "pump and dump" over endorsement of meme coin MELANIABlockBeats News, October 23, according to Forbes, a Meme coin called MELANIA, claiming to be "official" and promoted by U.S. First Lady Melania Trump, was launched this January, around the time President Donald Trump took office. In April, a group of cryptocurrency traders filed a lawsuit, alleging that the developer alliance behind several Meme coins, including M3M3, LIBRA, ENRON, and TRUST, carried out a suspected "pump and dump" fraud scheme, manipulating the issuance of the coins for personal gain while causing losses to investors. On Tuesday, the plaintiffs updated the lawsuit, stating that MELANIA is also involved in this fraudulent scheme. The lawsuit does not accuse Melania herself of participating in the fraud, but claims she inadvertently endorsed the project, serving as a "figurehead." The plaintiffs emphasized that if the First Lady's team had known the project was involved in criminal activity, they would have immediately withdrawn any authorization. The White House and the defendants' lawyers have not yet responded to requests for comment.
- 00:52A "buy high, sell low" whale once again sells off 3,200 ETH at a lossBlockBeats News, on October 23, according to Ember monitoring, a "buy high, sell low" whale has started to cut losses by selling 3,200 ETH (approximately $12.2 million) that were bought two days ago at an average price of $4,036 per ETH, with the selling price averaging $3,815 per ETH. This whale bought a total of 7,221 ETH two days ago during the price surge and has not yet fully liquidated all holdings.
- 00:52Kalshi is in talks with potential investors at a valuation of over $10 billions.BlockBeats News, October 23, according to Bloomberg citing sources familiar with the matter, prediction market platform Kalshi is receiving financing offers from venture capital firms, with a valuation exceeding 10 billions USD. This investment boom comes just weeks after Kalshi announced the completion of a 300 million USD financing round at a 5 billions USD valuation. According to sources, investors are showing strong interest in this rapidly growing startup, with the discussed valuation range between 10 billions and 12 billions USD, or even higher. Due to the sensitivity of the information, these individuals requested anonymity.