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The latest crypto coverage from the TrustFinance editorial desk.
The Swiss digital asset bank is introducing a new lending product, MultiSYG, that allows clients to retain partial control over their Bitcoin collateral. The move comes as Bitcoin now constitutes over 80% of the collateral for the bank's Lombard loans.
On-chain data reveals significant Bitcoin withdrawals by large holders and transfers to institutional wallets, fueling speculation as the cryptocurrency maintains support above the $80,000 level.
Bitcoin's price remained flat, trading within a tight range as significant inflows into spot ETFs were offset by broader market risk aversion stemming from a technology stock rout and rising oil prices.
Bitcoin recovered to the $80,400 level after a sharp weekend decline triggered over $800 million in liquidations, as investors turn their attention to the Federal Reserve's upcoming monetary policy meeting.
Bitcoin is facing significant technical pressure as its price tests the crucial $80,000 psychological support level. A bearish descending triangle pattern is nearing completion, suggesting a potential for increased volatility and a breakdown to lower price targets.
The price of Bitcoin remained subdued early Monday following a weekend sell-off, as investors brace for potentially hawkish signals from major central banks and monitor the impact of elevated energy prices on inflation.
Crypto payment provider CoinPayments has appointed its founder, Alex Alexandrov, as Group CEO and announced several senior hires from traditional finance to spearhead a new growth phase.
Umia, an on-chain project launch platform, has announced its first external project, Slop Cash, a protocol designed to fund open-source software development. The project, from elizaOS creator Shaw Walters, will launch its token via an auction with no private sale.
The stablecoin-powered financial platform aims to transform into a bank within three years, building an 'intelligence layer' to serve both customers and the AI agents acting on their behalf, according to its CEO.
