The absence of new buyers and FOMO-driven greed are key factors that could keep Bitcoin price pinned below $112,000 longer than many think. Key takeaways: Bitcoin price taps $110,000, but low spot buying demand suggests the upside could be limited. High retail FOMO and a near-overbought RSI signal a potential BTC price correction. Read more
Gaming industry veteran John Smedley is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 blockchain Etherlink. John Smedley, a gaming industry veteran and former CEO of Daybreak Game Company (formerly Sony Online Entertainment), is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 (L2) blockchain Etherlink. The Smedley-led Distinct Possibility Studios (DPS) has raised $30.5 million in a funding round led by the gaming-focused venture capital firm Bitkraft and the European hedge fund management company Brevan Howard, according to a statement shared with Cointelegraph on Thursday. The funds will be used to develop its new open-world massively multiplayer online first-person shooter (MMOFPS), Reaper Actual, which it says will integrate Etherlink to enable tradeable Web3 components like characters, bases, skins and more. Read more
Crypto traders use ChatGPT and X to catch early signals, combining AI-driven analysis with real-time sentiment. But each comes with its risks. ChatGPT is ideal for comparing protocols, understanding trends and filtering out noise for research-based decisions. X provides real-time sentiment and early signals, making it useful for catching trending narratives before they hit mainstream news. Each tool has risks: ChatGPT can be outdated without live data, while X carries high noise and misinformation risk. Read more
Peter Märkl, general counsel at Bitcoin Suisse, suggested that EU and Swiss stablecoin regulations could benefit from greater flexibility. Peter Märkl, general counsel at Swiss crypto financial services firm Bitcoin Suisse, said the European Union and Switzerland lack clarity in their respective stablecoin regulatory frameworks. Märkl told Cointelegraph on the sidelines of the German Blockchain Week that “there’s a lot to be done” when it comes to the classification and the rules applying to stablecoins under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework. He said MiCA provides “a comprehensive, harmonized regulatory framework” for stablecoin issuance, offering and custody. However, “due to the rapidly evolving nature of crypto-assets and their use cases, classification remains dynamic and can, in certain cases, shift over time,” Märkl added. Read more
Over 40 fake Firefox extensions impersonating popular crypto wallets have been used in an ongoing campaign to steal users’ wallet credentials. More than 40 fake extensions for the popular web browser Mozilla Firefox have been linked to an ongoing malware campaign to steal cryptocurrencies, according to a report published Wednesday by cybersecurity firm Koi Security. The large-scale phishing operation reportedly deploys extensions impersonating wallet tools such as Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, MyMonero, Bitget and others. Once installed, the malicious extensions are designed to steal users’ wallet credentials. “So far, we were able to link over 40 different extensions to this campaign, which is still ongoing and very much alive,” the company said. Read more
Ripple has followed Circle in looking to be its own bank after Congress moved ahead with a bill to regulate stablecoin issuers under the national bank regulator. Crypto firm Ripple Labs is applying for a banking license in the US, following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional finance. Ripple CEO Brad Garlinghouse wrote to X on Wednesday that the company is applying for a license with the US national bank regulator, the Office of the Comptroller of the Currency (OCC), confirming an earlier report from The Wall Street Journal. “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC,” he wrote. Read more