Digital assets Financial News

economic uncertainty. Gold, a classic safe-haven asset, has seen a decline of nearly 5%, while Bitcoin, the world's largest cryptocurrency in value terms, has surged approximately 30%. According to a research note by Gavekal Research, this divergence can be attributed to market perceptions of the policy implications of the Republican Party’s electoral victory. The report notes, “Clearly market participants have concluded that the Republican Party’s victory is negative for gold and positive for Bitcoin and other cryptocurrencies.”

crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump administration looks to overhaul cryptocurrency regulations. Among the participants of the roundtable were John Reed Stark, former chief of the SEC's Office of Internet Enforcement, Miles Jennings, the general counsel for Andreessen Horowitz's crypto arm, a16z, and former SEC Commissioner Troy Paredes. Republican SEC Commissioner Hester Peirce is leading the task force, which is charged with developing rules and guidance for crypto.

financial awareness and growing interest in digital assets among younger demographics. Women aged 25-30 accounted for 53% of Mudrex’s female investor base, followed by those aged 31-35 at 36%, according to a survey conducted ahead of International Women’s Day. Maharashtra led in female crypto participation, contributing 15% of the total, with Karnataka contributing 11%, Delhi NCR accounting for 9%, and Uttar Pradesh contributing 8%.

Trump said Sunday on Truth Social that the XRP, SOL and ADA tokens will be included in the reserve, along with Bitcoin and Ether. The news ignited an immediate crypto rally, offering relief to an asset class fresh off its worst month since 2022.

Bitcoin, Ethereum, Solana, and Ripple have remained strong in the market, various sector-specific coins occasionally make big waves in the market. In the 2021 bull run, NFTs gained massive popularity, meme coins have consistently attracted attention, and now AI tokens are the latest trend.

Franklin Templeton Investments is seeking regulatory approval to launch a new crypto index exchange-traded fund, the firm said on Thursday, as asset managers hope to cash in on the crypto wave amid Donald Trump's victory in U.S. presidential elections. Trump embraced digital assets during his campaign, promising to make the U.S. the «crypto capital of the planet» and to accumulate a national stockpile of bitcoin.

cryptocurrency was a niche technological experiment, but today, it has dramatically advanced into a dominant financial force worldwide and influences US politics. With each election cycle, the influence of crypto continues to grow. It shapes legislation, public opinion, and campaign strategies. The political events of 2024 exemplified this hot trend in which digital currencies and political agendas intersected in transformative ways.

cryptocurrencies, once viewed with skepticism, are increasingly embraced by institutions. This shift signifies a paradigm change in investment strategies and financial services, reflecting a broader recognition of the potential of digital assets to reshape the global economy. In a recent ETMarkets live stream, Manav Varanasi from Sales & Trading at Mudrex discussed this remarkable transition and the factors driving institutional acceptance of cryptocurrencies.

Rexas Finance (RXS), emerged in 2024 and generated much interest and activity from investors. Rexas finance presale has exceeded all expectations both in its performance and presale against competing projects. So, we ask: Could it be that Rexas Finance is the best crypto presale for the year 2024? The Rise of Rexas Finance (RXS) Rexas Finance (RXS) is shortly rising to prominence in the decentralized finance (DeFi) domain. This platform is determined to take dominance in the field, promising to disrupt the investment management of digital assets. The mission of Rexas Finance is focused on creating a safe, fast, and efficient exchange for the trading of virtual currency assets, utilization of yield plans, and provision of hassle-free token-raising opportunities. Its well-rounded functionalities are oriented towards the needs of both the entry-level and advanced users of cryptocurrency, which is the reason why it has emerged as one of the leaders in the space of crypto presale.

Independence Day Airdrop Campaign. As part of this initiative, Mudrex will airdrop up to Rs 10 crore worth of Bitcoin (BTC) to its users and participants, marking the largest Bitcoin airdrop campaign ever conducted in India. The campaign will run from August 1 to August 13. As a leader in the crypto investment space, Mudrex aims to promote financial awareness through this airdrop. The campaign is designed to reward existing users and attract new participants, encouraging them to explore the benefits of investing in digital assets.

Pankaj Balani, co-founder of Delta Exchange, in a recent live stream session on ETMarkets, revealed how cryptocurrency derivatives are opening new avenues for Indian traders. With insights that blend market expertise and forward-thinking strategies, Balani's perspective offers a glimpse into a future where digital assets and advanced trading instruments drive significant financial opportunities.

Ethereum ETFs by the US Securities and Exchange Commission (SEC) marks a monumental stride in the crypto sphere. This endorsement carries profound implications, particularly for investors, given Ethereum's robust market presence. Moreover, Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.

Securities and Exchange Board of India (SEBI) has recommended several regulators oversee crypto trade nationwide. This move has sparked considerable interest within India's crypto community, given the RBI's historically strict control over digital assets. It's important to highlight that since 2018, the RBI has maintained strict control over cryptocurrencies, forbidding banks and other regulated entities from facilitating crypto transactions. However, SEBI's recent proposal for a multi-regulator approach to oversee crypto trading has injected a sense of anticipation into the market.

Institutional interest in digital assets is gaining traction. As of the end of Q1, more than 900 institutions based in the United States had disclosed spot Bitcoin exchange-traded fund (ETF) shareholdings exceeding $100 million, equating to $10.7 billion combined.

Bitcoin and other major cryptocurrencies were trading higher in Thursday's trade after a milder U.S. inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year. U.S. data on Wednesday showed the consumer price index (CPI) rose by 0.3% in April, below an expected 0.4% gain, raising hopes the Fed can cut rates by 50 basis points this year, with the first quarter-point reduction fully priced for September.

Larry Fink is the most powerful man in the world of finance. He is the founder, CEO, and chairman of BlackRock, the leading global investment management firm and one of the world's most significant asset managers. So when he talks, the world listens. Of late Fink has experienced a remarkable transformation in his view of crypto. From expressing scepticism to becoming a fervent advocate, Fink's journey mirrors the broader shift in perception towards digital assets within the traditional financial sector.

Bitcoin experienced a surge, reaching the $53,000 mark, but is currently undergoing consolidation around the $50,000 level, primarily due to an uptick in profit booking. Despite facing bearish pressure, Bitcoin remains resilient above the crucial $50,000 threshold, indicating a prevailing optimism among most investors regarding its long-term prospects. Meanwhile, Ethereum achieved a milestone by reaching the $3,000 level for the first time since April 2022. The speculation surrounding the potential approval of Ether exchange-traded funds (ETFs) in May played one of factors driving the recent surge in Ethereum's price.

A White House policy group highlighted critical emerging technologies for US national security in an updated report on Monday.

Digital asset funds have recorded a minor $21 million in outflows while trading volumes surged past $11 billion as crypto prices plummeted in the past seven days.

Binance Thailand has opened its cryptocurrency exchange in Thailand for trading, the company said on Tuesday.

Last week, digital asset investment products witnessed a significant surge in inflows, totaling an impressive $1.18 billion, albeit subject to a T+2 settlement.