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Huge Outflow on Blackrock’s IBIT Pulls Bitcoin ETFs Into Red Zone

Coins Legend June 7, 2025 0

Bitcoin exchange-traded funds (ETFs) saw a second consecutive day of net outflows, shedding $48 million despite inflows across five funds, dragged down by a large exit from Blackrock’s IBIT. Meanwhile, ether ETFs celebrated a milestone 15th straight day of net inflows. Bitcoin ETFs Post Second

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Trump Prepares to Oust Fed Boss Powell, Says New Chair Decision ‘Very Soon’

Coins Legend June 7, 2025 0

U.S. President Donald Trump is expressing growing dissatisfaction with Federal Reserve Chair Jerome Powell, and just ahead of the weekend, he informed reporters aboard Air Force One that a decision regarding the next Fed chair will be “coming out very soon.” Rate Cut Demanded: Trump Slams Powell, Signals Fed Leadership Overhaul Since assuming office in […]

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XRP Price Watch: Momentum Stalls, But Breakout Potential Builds

Coins Legend June 7, 2025 0

XRP traded at $2.19 on June 7, 2025, with a market capitalization of $128 billion and a 24-hour trading volume of $1.33 billion. The cryptocurrency moved within a tight intraday range of $2.16 to $2.19, suggesting subdued volatility ahead of a potential breakout. XRP On the 1-hour chart, XRP displayed a tightly consolidated price action […]

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Report: Deutsche Bank Assesses Leveraging Stablecoin Tech or Consortium Role

Coins Legend June 7, 2025 0

Deutsche Bank AG is exploring stablecoins and tokenized deposits as large financial institutions increase digital asset investments. German Financial Giant Ponders Stablecoin Use and Token Deposits Bloomberg reports that Germany’s largest lender is evaluating stablecoin options, which could involve issuing its own token or joining an industry initiative, according to Sabih

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Bitcoin Price Watch: Cup and Handle Pattern Signals Potential Surge

Coins Legend June 7, 2025 0

At 8 a.m. Eastern time, bitcoin is trading at $104,881 to $105,266 over the past hour, with a market capitalization of $2.08 trillion and a 24-hour trading volume of $24.93 billion. The 24-hour intraday price range spanned from $103,655 to $105,213, reflecting a tightly wound consolidation phase ahead of a potential breakout. Bitcoin The daily […]

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Crypto ATM Use by Seniors Raises Red Flags—AUSTRAC Tightens Rules

Coins Legend June 7, 2025 0

Australia’s financial intelligence agency, AUSTRAC, is tightening regulations on crypto ATMs due to concerns over scams and fraud. New restrictions include cash deposit and withdrawal limits as well as mandatory scam warnings. ATM Scammers Target Senior Citizens Australia’s financial intelligence agency, AUSTRAC, is implementing stringent new measures for cryptocurrency

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Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire

Coins Legend June 7, 2025 0

Singapore’s looming licensing mandate forces offshore-only crypto providers into urgent compliance mode, threatening to cut off unregulated access to tokenized finance and digital asset markets. June 30 Sparks Compliance Race for Offshore-Only Crypto Providers in Singapore The Monetary Authority of Singapore (MAS) issued clarifications on June 6 regarding the scope and

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US Seizes Crypto and 145 Domains From Identity Theft Marketplace

Coins Legend June 7, 2025 0

The U.S. Department of Justice (DOJ) has seized 145 domains and cryptocurrency funds tied to the BidenCash identity theft marketplace, a dark web platform that trafficked in stolen payment card data and personal information. Operational since March 2022, BidenCash facilitated the sale of more than 15 million compromised records, serving over 117,000 users and generating

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Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade

Coins Legend June 7, 2025 0

Brazil is boldly leading a national trade overhaul, defying U.S. pressure as it champions local currency use and strengthens BRICS’ push for financial independence and resilience. Brazil Pushes BRICS Trade Shift Despite Trump Tariff Threat Brazilian President Luiz Inácio Lula da Silva said in a June 3 interview with Le Monde that Brazil and its […]

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Central Banks Accelerate Gold Buying as De-Dollarization Heats up

Coins Legend June 7, 2025 0

Central banks are turbocharging their gold reserves in 2025 as global distrust in U.S. fiscal stability and dollar assets explodes. De-Dollarization Fuels Fourth Year of Massive Gold Buying by Central Banks Amid escalating global tensions and a concerted move away from U.S. dollar reliance, central banks are increasingly turning to gold as a strategic reserve […]