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Michael Selig’s nomination to chair the US Commodity Futures Trading Commission is headed for a vote on the Senate floor after clearing a committee hurdle. In a Thursday notice, Republican leaders with the Senate Agriculture Committee said they had advanced Selig’s nomination following a Wednesday hearing. The vote was reportedly along party lines, with no Democrats supporting Selig as US President Donald Trump’s pick to replace acting Chair Caroline Pham. Source: Senate Agriculture Committee RepublicansThe prospective CFTC chair answered questions from senators on Wednesday regarding potential conflicts of interest, his policy positions on DeFi and digital assets and the dearth of…

Quick Take • BCH trading at $497.60 (up 0.02% in 24h) • No significant catalysts driving price action in past 48 hours • Testing support near $493.83 pivot point with neutral RSI • Following broader crypto market’s sideways trend Market Events Driving Bitcoin Cash Price Movement Trading on technical factors in absence of major catalysts, Bitcoin Cash has maintained a relatively narrow range over the past 24 hours. No significant news events have emerged in the past 48 hours to drive directional moves in the BCH price, leaving technical analysis as the primary driver for near-term price action. The lack…

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market remains choppy, with the CoinDesk 20 Index (CD20) little changed on a 24-hour basis and the bitcoin BTC$91 705,60 price consolidating above $90,000. Sounds boring, right?But this price action actually validates the oversold conditions signaled by the relative strength index (RSI) on Tuesday, when BTC first explored lows under $90,000. On the same day, CoinDesk flagged that the RSI reading needs validation from those signature doji candles — the ones with lower wicks — that tell you sellers might be losing their grip.Guess what? Those clues showed up in the…

A growing coalition of decentralized finance advocates is pushing a new proposal they say could help ease the financial burdens faced by low-income households worldwide. The initiative, backed by the DeFi Education Fund (DEF) and several influential crypto policy groups, argues that decentralized financial tools could save people up to $30 billion a year in fees, money that is currently lost to what researchers describe as the “poverty premium.” 💡NEW BLOG: Why is the cost of U.S. financial services for lower-income families continuing to rise despite technological advances? DEF’s @jenn_rosenthal revisits a phrase coined in the early 2000s — “the…

Bitcoin’s (BTC) drawdown on Monday pushed the asset into a 26.7% loss, narrowly overtaking the 26.5% slide seen in April, and marking the steepest correction of the current bull market. The move red-lined multiple market structure indicators, suggesting the current correction could be a final leverage washout phase. Bitcoin bull market correction levels. Source: CryptoQuantKey takeaways:Bitcoin’s 26.7% correction is now the largest of the cycle.The Crypto Fear & Greed index shows ‘Extreme Fear’ among investors, but as a counterindicator, it could be a sign that Bitcoin is trading at a discount.“Extreme fear” is usually followed by profitable Bitcoin price actionBitcoin…

Harvey has unveiled significant enhancements to its Word Add-In, aimed at providing a more intuitive and reliable experience for legal professionals. These updates are designed to streamline complex document processing tasks, according to Harvey.ai. Intuitive Editing, From Start to Finish The updated Word Add-In now features an optimized homepage that enhances clarity, personalization, and responsiveness. Users are presented with prompt suggestions based on document types, facilitating immediate action and improving workflow efficiency. Greater Control for Playbook Reviews Harvey has refined its playbook review capabilities to offer more granular controls and insights, crucial for contract review processes. Legal teams can now…

The average spot bitcoin ETF buyer sits near a $90,000 cost basis, leaving most investors roughly flat.

Mastercard is expanding its Crypto Credential program to self-custody wallets, allowing users to send and receive cryptocurrencies using verified, username-style aliases instead of long wallet addresses. Polygon will be the first blockchain to support the rollout, while payments firm Mercuryo will handle identity verification and issue the aliases to users, according to a Tuesday press release shared with Cointelegraph.“By streamlining wallet addresses and adding meaningful verification, Mastercard Crypto Credential is building trust in digital token transfers,” said Raj Dhamodharan, executive vice president of blockchain and digital assets at Mastercard.Once verified by Mercuryo, users can link a human-readable alias to their…

Algorand (ALGO) sits at a critical technical juncture at $0.15, testing its 52-week low support while showing mixed signals that could determine the next major price move. This comprehensive ALGO price prediction analyzes current market dynamics and provides specific price targets for the coming weeks. ALGO Price Prediction Summary • ALGO short-term target (1 week): $0.16-$0.17 (+7-13%) • Algorand medium-term forecast (1 month): $0.17-$0.21 range (+13-40%) • Key level to break for bullish continuation: $0.19 (upper Bollinger Band) • Critical support if bearish: $0.14, with $0.10 as ultimate downside target Recent Algorand Price Predictions from Analysts The latest analyst predictions…

The long-defunct Mt. Gox exchange initiated a significant bitcoin move on-chain Monday, transferring approximately 10,608 BTC, worth $950 million, to new wallet address, according to data from blockchain analytics firm Arkham Intelligence. The transfer unfolded at approximately 11:40 p.m. ET, with around 10,422 BTC sent to an unidentified address labeled “1ANkD…ojwyt,” while a smaller portion of roughly 185.5 BTC was routed back to Mt. Gox’s own hot wallet. Historically, such sizeable BTC movements by Mt. Gox have typically presaged repayments to creditors who lost funds during the exchange’s collapse in 2014. Although it is not yet clear if the recent…