Crypto News

The post Solana price shows bullish RSI, ETF inflows as price tests key support appeared on BitcoinEthereumNews.com. Solana price prints bullish RSI divergence, rising CMF and steady ETF inflows at key support, but bulls need a breakout above resistance to confirm a sustained reversal. Summary Solana price forms bullish RSI divergence and rising CMF as price hits a long-term weekly support trendline dating back to 2023.​ Spot Solana ETFs show sustained positive inflows, helping absorb supply and support price despite recent weakness.​ Reversal thesis hinges on a decisive close above resistance; a break below support would invalidate the bullish setup. Solana’s price chart is displaying early technical signals that suggest potential buyer interest despite recent declines, according to market analysis. The cryptocurrency made a lower low between mid-November and early December while its Relative Strength Index (RSI) formed a higher low, creating a bullish divergence pattern. The RSI measures momentum and identifies potentially oversold or overbought conditions in an asset. The Chaikin Money Flow (CMF) indicator has also risen recently and is approaching its trendline, according to the analysis. The CMF tracks money flow to indicate whether institutional buyers are accumulating positions. A break above the trendline would signal increased buying pressure, the report stated. A technical analyst noted on social media that Solana’s price is currently touching a weekly support trendline that has generated rebounds since 2023, suggesting the level has historical significance for the asset. Solana shows bullish RSI Solana (SOL) spot exchange-traded fund inflows have remained positive for several weeks, with only a minor decline recorded in early December, according to available data. Cumulative ETF inflows have been substantial, indicating continued institutional interest despite price weakness. Market observers have identified ETF demand as a factor supporting Solana’s price above recent support levels. Spot ETFs can absorb circulating supply, potentially reducing downward price pressure. Network activity has increased with recent developments including Kalshi prediction markets…

The post Personal Crypto IBANs: The Swiss Revolution appeared on BitcoinEthereumNews.com. In the financial services sector, innovation is key to meeting the demands of an increasingly digital world. A Swiss company specializing in crypto-fiat exchange services is preparing to launch a feature that promises to revolutionize the way individuals and businesses manage their digital assets: personal crypto IBANs. What are personal crypto IBANs? Starting next Tuesday, the company will make available to its users—both private and corporate—the option to obtain an IBAN in euros or Swiss francs directly registered to them. This IBAN can be linked to their self-custodial wallet, opening up new possibilities for managing cryptocurrencies. Receive Traditional Bank Transfers, Live in Self-Custody With this new feature, users will be able to receive bank transfers from any sender—whether employers, friends, or family—directly to their personal IBAN. The unique aspect? The received amount will be automatically converted into the chosen cryptocurrency and transferred to the user’s self-custodial wallet. This way, it becomes possible to receive traditional payments and immediately transform them into digital assets, without intermediate steps or the need to rely on third parties for custody. Send Wire Transfers Using Over 30 Cryptocurrencies Not only receiving, but also sending wire transfers becomes a simple and immediate operation. Users will be able to use one of the over 30 cryptocurrencies supported by the service to send funds to anyone, leveraging traditional banking infrastructures. This means being able to pay suppliers, collaborators, or friends directly from their own crypto wallet, with the assurance that the recipient will receive a wire transfer in fiat currency, without having to worry about conversion. A Bridge Between Traditional Finance and the Crypto World This innovation represents a fundamental step in the integration between the traditional banking system and the cryptocurrency universe. Until now, living in self-custody mode—meaning holding and managing one’s own cryptocurrencies independently—often meant giving…

The post Spot Solana ETF Records Largest Outflow While XRP ETFs Nets $90M appeared on BitcoinEthereumNews.com. Spot Solana ETFs in the United States saw the largest-ever amid the crypto market crash. On the other hand, spot XRP ETFs recorded another net inflow, indicating institutions’ rotation from spot Bitcoin and Ethereum ETFs toward high-growth altcoins such as Solana (SOL) and XRP. SOL Rebound Despite Outflows in Spot Solana ETFs Solana ETFs recorded their second net outflow of $13.55 million, according to SoSoValue data on December 2. Also, it was the largest-ever outflow to date following weeks of robust inflows. The outflow is primarily driven by a $32.54 million redemption from the 21Shares Solana ETF (TSOL), the third consecutive outflow amid the latest crypto market crash. As a result, TSOL has recorded a net outflow of $60.14 million since launch. Solana ETFs Outflow. Source: SoSoValue Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF saw $17.18 million and $1.82 million in inflows. Bitwise’s BSOL and other Solana ETFs continue their inflows streak with no outflows yet. Despite Monday’s outflow, Solana ETFs’ assets under management (AUM) have reached over $790 million, indicating sustained institutional demand. SOL price has rebounded more than 3%, with the price currently trading at $127.53. The 24-hour low and high are $123.31 and $128, respectively. Furthermore, trading volume has slightly dropped by 3% in the last 24 hours, indicating a decline in interest amid Solana ETF outflows. XRP ETFs Records $90 Million in Inflows XRP ETFs have net inflows of $90 million, the fourth-largest inflow since launch. As a result, the total assets have surpassed $723 million, while spot Bitcoin and Ethereum ETFs record outflows amid low trading volumes. XRP ETF Inflows. Source: SoSoValue Grayscale XRP ETF (GXRP) led with $52.30 in inflows. Followed by $28.41 million in Franklin Templeton’s XRPZ. Canary Capital’s XRPC saw $5.79 million in inflows, while Bitwise XRP ETF saw the…

The post U.S. FDIC Chief Says First Stablecoin Regulations Heading for Proposal This Month appeared on BitcoinEthereumNews.com. The acting chief of the U.S. Federal Deposit Insurance Corp. said the banking regulator expects to start proposing rules for stablecoin issuers before the close of December, according to testimony Travis Hill is preparing to deliver Tuesday before the House Financial Services Committee. First up on the regulator’s agenda for implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act: issuing a proposal for how the agency will handle issuers that apply for federal oversight. “The FDIC has begun work to promulgate rules to implement the GENIUS Act; we expect to issue a proposed rule to establish our application framework later this month and a proposed rule to implement the GENIUS Act’s prudential requirements for FDIC-supervised payment stablecoin issuers early next year,” according to Hill’s prepared testimony. The GENIUS Act contemplates an array of federal and state entities taking part in the supervision of the stablecoin sector. After figuring out the application process, the FDIC, which regulates deposit insurance and oversees thousands of banks, has to write rules for capital requirements for the regulated banks that want to issue stablecoins. It’s also responsible for liquidity standards and for regulating the quality of reserves issuers set aside. A federal agency working on such rules must make a proposal that’s open to public comments for a period of time, usually lasting months. Once the comments are reviewed, the regulator can then issue a final version in which the new system is generally set up to go into effect over a long period of time. Other agencies, including the Department of the Treasury, have also been working on their portions of GENIUS Act duties. Hill also touched on other regulatory priorities in his testimony. In light of recommendations in a report from the President’s Working Group on Digital Asset Markets earlier…

Finance Share Share this article

Copy linkX (Twitter)LinkedInFacebookEmail

Unlimit Debuts Stable.com, a Decen

The new non-custodial platform brings stablecoin swaps and global fiat off-ramps into one place, aiming to make the process more seamless for users.

The post Trump administration takes $150 million stake in Intel-linked chipmaker appeared on BitcoinEthereumNews.com. The Trump administration just took a serious swing at the chip supply chain. On Monday, the U.S. Commerce Department confirmed it plans to invest $150 million in xLight Inc., a semiconductor startup chaired by former Intel CEO Pat Gelsinger. This was revealed through a letter of intent signed by the agency’s Chips Research and Development Office, which operates under the National Institute of Standards and Technology. According to Bloomberg, the move is part of Trump’s ongoing push to rebuild domestic chipmaking muscle and reduce the country’s reliance on foreign technology. xLight’s mission is simple: compete with ASML, the Dutch firm that dominates extreme ultraviolet lithography, or EUV. Right now, ASML sources a lot of its laser tech from Trumpf, a German supplier. Trump’s bet is that xLight can build an alternative laser system that puts that supply chain right back inside American borders. Federal money targets EUV laser alternative through xLight The plan is to help xLight design and build a laser prototype powerful enough to replace what ASML gets from Germany. If it works, it becomes a U.S.-made alternative for the same job. That could give U.S. fabs a new option, while putting pressure on the existing EUV monopoly. The company says the prototype is also a chance to jumpstart progress on Moore’s Law, the idea that the number of transistors on a chip doubles roughly every two years. “Reviving Moore’s Law and restoring American leadership in light is a once-in-a-generation opportunity and with the support of the federal government, xLight will turn opportunity into reality,” Pat said in xLight’s official press release. That same Pat was removed from Intel last year after the board grew frustrated with the pace of his turnaround strategy. Things reached a boiling point when he met with the board last December to explain how…

The report emphasized that although the two regions have different legal frameworks, they are moving towards similar policy lines in practice. Continue Reading: Stablecoin Report from the Swedish Central Bank: 'Europe and the US Are Making Similar Regulations!' Here Are the Details