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XRP Stumbles at $2.28: Is the Party Over or Just Getting Started?

Coins Legend November 8, 2025 0

XRP opened Nov. 8, 2025, with more fizzle than sizzle. Now sitting at $2.28, it’s dragging its heels after a 2.1% drop today and a weekly slide of 9.2%. With a $136 billion market cap, $3.33 billion in trading volume, and an intraday stretch between $2.25 and $2.36, this digital diva is now

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Wintermute Report Flags Deceleration in Crypto’s 3 Key Liquidity Channels

Coins Legend November 8, 2025 0

Despite supportive global liquidity and easing central banks, Wintermute’s Jasper De Maere says crypto has entered a self-funded phase—where money now circulates internally instead of expanding the market. ETF and DAT Growth Slow, Wintermute Warns of Internal Market Rotation According to Wintermute, the algorithmic trading firm and crypto market maker, inflows through

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Renowned Short-Seller James Chanos Closes Short Against Strategy as Bitcoin Premium Narrows

Coins Legend November 8, 2025 0

Short-seller James Chanos has closed his short position against Strategy after the firm’s premium over its bitcoin holdings shrank, validating his bearish thesis. James Chanos Takes Profit on Strategy Short After Price Compression James Chanos, founder of Kynikos Associates and one of Wall Street’s most recognizable skeptics, has long criticized Strategy for what he calls

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Cryptoquant Warns Bitcoin’s 365-Day Average Break Could Spark Deeper Correction

Coins Legend November 8, 2025 0

Bitcoin has fallen below the $100,000 threshold for the first time in months, and data published by Cryptoquant researchers suggest the move may echo signals that preceded the 2022 bear market. Bitcoin’s Price Action Mirrors 2022 Bear Market Setup, Cryptoquant Cautions According to Cryptoquant’s report this week, the firm’s Bull Score Index dropped to zero […]

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Stablecoin Shake-Up: $1.9B Drop Hits Market as XUSD and USDX Break Peg

Coins Legend November 8, 2025 0

The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure, wobbling off their $1 targets like rookies at a balancing act. Stablecoin Watch: […]

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Bitcoin Price Watch: $101K Holds Steady as Bulls and Bears Wrestle for Control

Coins Legend November 8, 2025 0

Bitcoin traded at $101,987 on Nov. 8, 2025, with a market capitalization of $2.03 trillion and a 24-hour trading volume of $77.43 billion. The price fluctuated within a daily range of $99,376.95 to $103,956, indicating a narrow consolidation phase following a recent downward move. Bitcoin Chart Outlook The daily chart reveals bitcoin in a persistent […]

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Banks Are Pushing Back Against Crypto Regulation: Here’s How

Coins Legend November 8, 2025 0

Banks are using their proxies, organizations like the Bank Policy Institute and Better Markets, to promote the approval or modification of current regulation to affect the level of involvement of crypto and stablecoins in U.S. retail and institutional markets. Banks Are Taking Action Against Existing and Upcoming Crypto Regulation The Facts Banks are now taking […]

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Judge Orders Detention of ‘Cryptospain’ in $300M Pyramid Scheme Case

Coins Legend November 8, 2025 0

A Spanish High Court judge has ordered cryptocurrency entrepreneur Álvaro Romillo Castillo into provisional detention without bail over allegations that he orchestrated a $300 million pyramid scheme. Political Connections and Arrest A Spanish High Court judge has ordered Álvaro Romillo Castillo, the cryptocurrency entrepreneur known as “Cryptospain” and “Luis Crypto,” into

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Canada Quietly Funds New Stablecoin Legislation in New Federal Budget

Coins Legend November 8, 2025 0

The budget introduces a massive deficit and still requires a vote of confidence from Parliament; otherwise, another federal election will be triggered. Canada’s New Budget Channels Resources into Developing Stablecoin Governance It’s hard to believe, but for much of 2025, Canada operated without a budget after its new Prime Minister, Mark Carney, narrowly won a […]

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Kazakhstan to Form $1B Crypto Reserve by 2026: Report

Coins Legend November 8, 2025 0

Kazakhstan plans to create a crypto reserve fund worth up to $1 billion by early 2026, funded by seized, repatriated, and mining-related assets, Bloomberg reported. The fund will invest in ETFs and crypto-focused companies, avoiding direct bitcoin holdings. Officials said the initiative aims to “repurpose” confiscated digital assets to strengthen economic sovereignty and