TLDR FDIC takes control of Metropolitan Capital Bank after its closure in 2026. First Independence Bank will acquire $251 million in assets from the failed bank. The FDIC expects a $19.7 million cost to its Deposit Insurance Fund. Customers can access funds immediately and continue loan payments after the closure. Metropolitan Capital Bank & Trust, […]
Why are Bitcoin, Ethereum and XRP Prices Crashing Today?
The post Why are Bitcoin, Ethereum and XRP Prices Crashing Today? appeared first on Coinpedia Fintech News The crypto market is facing a major sell-off today, with total market value dropping to $2.66 trillion, down more than 6% in the last 24 hours. Bitcoin, Ethereum, XRP and other major cryptocurrencies have all fallen sharply, wiping […]
Tom Lee’s Ethereum Bet Faces $6 Billion Unrealized Loss
The post Tom Lee’s Ethereum Bet Faces $6 Billion Unrealized Loss appeared on BitcoinEthereumNews.com. Ethereum Tom Lee’s Ethereum-focused vehicle, BitMine, is currently sitting on an estimated $6 billion unrealized loss as Ethereum continues to trade well below its average acquisition price. Key takeaways BitMine is facing an estimated $6 billion unrealized loss on Ethereum ETH […]
Tom Lee’s Ethereum Bet Faces $6 Billion Unrealized Loss
Key takeaways BitMine is facing an estimated $6 billion unrealized loss on Ethereum ETH is trading near $2,300, far below the firm’s ~$3,800 average cost The drawdown is approximately 40% Total exposure now exceeds 4 million ETH Despite losses, BitMine continues to accumulate and stake ETH Ethereum is hovering near $2,300, roughly 40% below BitMine’s […]
Chinese National Sentenced for Crypto Laundering in $36.9 Million Scam
The post Chinese National Sentenced for Crypto Laundering in $36.9 Million Scam appeared on BitcoinEthereumNews.com. Key Points: Su Jingliang sentenced for laundering $36.9 million in a fraud scheme. Illegal activities uncovered involved USDT conversion in Southeast Asia. Regulatory scrutiny on crypto’s role in international fraud intensifies. Chinese national Su Jingliang was sentenced to 46 months […]
Tesla Overtakes Bitcoin to Secure 11th Spot on Global Asset Leaderboard
TLDR Tesla’s market value now stands at $1.6 trillion, surpassing Bitcoin at $1.5 trillion. Bitcoin drops out of the top 10 global assets, falling behind Meta and Taiwan Semiconductor. Widespread crypto market correction results in $2.5 billion in leveraged position liquidations. Bitcoin’s value declines sharply, reaching as low as $77,300 in recent trading. Tesla has […]
XRP hits 9-month low: Why Ripple is struggling despite strong fundamentals
The post XRP hits 9-month low: Why Ripple is struggling despite strong fundamentals appeared on BitcoinEthereumNews.com. Short-term volatility is still in play, but the market is clearly thinking long-term. All eyes are on the close of H1, when a lot of the uncertainty around crypto, such as macro signals and Fed policy, should start to […]
Bitcoin Breaks Key Support, History Signals Next
The post Bitcoin Breaks Key Support, History Signals Next appeared on BitcoinEthereumNews.com. Bitcoin breaks key moving averages for the first time since 2022, with historical data showing extended consolidation phases often follow. For the first time since 2022, Bitcoin has moved below its major moving averages, changing its long-standing technical structure. Historical data shows that […]
XRP hits 9-month low: Why Ripple is struggling despite strong fundamentals
Macro pressure mounts: Can XRP defy Bitcoin’s moves?
SOL Technical Analysis Feb 1
The post SOL Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com. SOL continues its downtrend with an 11% sharp drop, approaching critical support levels in a high volatility environment; although RSI at 28 signals oversold, additional downside risk remains high due to BTC correlation. Investors should prioritize capital protection with tight stop losses and small position […]