Cryptocurrency News & Live Updates
Synopsis
European stock markets experienced a temporary downturn, with major indices like the German DAX and Italy’s FTSE MIB dropping over 1%.
In recent market developments, European stocks have faced a short-term decline, highlighted by significant drops in key indices such as the German DAX and Italy’s FTSE MIB, both falling over 1%. Meanwhile, in the cryptocurrency space, SkyBridge Capital’s founder Anthony Scaramucci predicts that Solana (SOL) will eventually surpass Ethereum (ETH) in market capitalization, reflecting his confidence in Solana’s potential. Additionally, OKB, the utility token of the OKX exchange, has surged by 13%, breaking above the $54 mark, driven by whale accumulation and the exchange’s U.S. expansion. This rally indicates strong institutional interest and a potential trend reversal. In another notable development, Elon Musk is working on transforming X into a comprehensive super app that may include investment and trading features. Lastly, Donald Trump’s company has reduced its stake in WLFI, potentially earning significant profits, as the project’s valuation is estimated to reach $1.7 billion. These updates illustrate a dynamic landscape in both traditional and digital markets.
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European Indices Face Short-Term Decline
European stock markets experienced a temporary downturn, with major indices like the German DAX and Italy’s FTSE MIB dropping over 1%.
SkyBridge’s Scaramucci Foresees Solana Overtaking Ethereum
Anthony Scaramucci, founder of SkyBridge Capital, predicts that Solana (SOL) will eventually surpass Ethereum (ETH) in market capitalization, although he did not specify a timeline.
OKB Surges Past $54: Is It a Trend Shift?
OKB’s price skyrocketed 13% to over $54, driven by whale accumulation, OKX’s U.S. expansion, and a significant technical breakout, prompting traders to consider whether this marks a true trend reversal or a temporary rally.
Elon Musk’s Ambitious Super App Plans for X
Elon Musk aims to evolve X into a comprehensive ‘super app’ featuring investment and trading options, alongside potential credit and debit card integrations, as reported by Financial Times.
Trump’s Firm Cuts WLFI Stake, Eyes Major Profits
DT Marks DEFI LLC, Donald Trump’s company, has reduced its stake in WLFI from 60% to 40%, potentially earning around $190 million in profits.
Mexican Billionaire Sees Bitcoin Surpassing Gold
Mexican billionaire Ricardo Salinas believes Bitcoin could exceed gold’s $16 trillion market value, projecting an eightfold growth in its market capitalization.
European Indices Face Short-Term Market Decline
European stock markets have experienced a temporary downturn, with major indices like the German DAX and Italy’s FTSE MIB dropping over 1%.
SkyBridge’s Scaramucci Forecasts Solana’s Growth Over Ethereum
Anthony Scaramucci, founder of SkyBridge Capital, predicts that Solana (SOL) will eventually outpace Ethereum (ETH) in market capitalization, although he did not specify a timeline for this shift.
Bitcoin Remains Stable Amid Middle East Tensions
Despite rising geopolitical tensions, Bitcoin’s price has remained stable, with NoOnes CEO Ray Youssef suggesting it now behaves more like a tech stock than a hedge asset.
Wyoming Chooses Sei Network for WYST Stablecoin
Sei’s price surged over 13% after Wyoming’s Stable Token Commission selected it as a candidate blockchain for the upcoming WYST stablecoin.
Ethereum Reserves Reach 1% Amid Corporate Growth
Institutional Ethereum reserves have surpassed 1% of total supply, led by major holders like the Ethereum Foundation and SharpLink, as corporate interest in ETH rises.
OpenAI Cuts Ties with Scale AI After Meta Deal
OpenAI is reducing its contracts with Scale AI following Meta’s acquisition of the data labeling startup, which will now focus on more specialized data sources for its AI models.
HBAR Faces Decline as Key Metric Plummets
Hedera Hashgraph’s HBAR token has dropped to $0.1450, marking a significant decline amid an 82% fall in stablecoin supply on the network, despite the launch of AUDD, the first Australian dollar stablecoin.
Momentum, Wormhole & OKX Enhance Sui Network Liquidity
Momentum partners with Wormhole and OKX Wallet to enhance cross-chain liquidity on the Sui network, enabling seamless asset transfers and attracting billions in liquidity.
Visa Partners with Yellow Card to Boost Stablecoin Use in Africa
Visa is collaborating with Yellow Card Financial to implement stablecoin settlements in 20 African markets, starting with a pilot program, aiming to enhance transaction speed and reduce costs amid local currency volatility.