Kiit News of crypto
Nearly four years after one of crypto’s most destructive failures erased tens of billions of dollars in value, the collapse of Terraform Labs has returned to the courtroom. A new lawsuit filed in a U.S. federal court accuses trading giant Jane Street of insider trading tied to the 2022 downfall of the Terra ecosystem, a…
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is reportedly preparing to reenter the digital payments arena—this time through stablecoins. The social media giant, which serves more than 3 billion users globally, is reportedly exploring the integration of stablecoin-based payments across its platforms, with a potential rollout targeted for the second half of…
Crypto pundit Jay Nisbett has drawn attention to an important development in the XRP ecosystem that isn’t talked about enough. He further declared that this might be the most significant development for adoption at the moment. Pundit Highlights Key Development For XRP’s Adoption In an Yen carry trade and the altcoin and the relationship between…
Institutional investors are improving exposure to smart contract platforms amid ongoing market volatility, with Cardano (ADA) increasingly becoming a central focus. Recent portfolio adjustments by major crypto asset managers suggest long-term positioning is gaining priority over short-term price movements. Related Reading: Strategy Makes 100th Bitcoin Purchase, Total Holdings Reach 717,722 BTC Digital asset manager Grayscale…
Ethereum is struggling to hold above the $2,000 level as the broader crypto market enters a more fragile phase marked by persistent selling pressure, fading momentum, and elevated uncertainty. Despite several rebound attempts in recent weeks, price action has remained subdued, with liquidity conditions tightening and investor sentiment turning increasingly cautious. The inability to secure…
Binance.US, the American affiliate of the global crypto exchange, is reportedly exploring expanding within the US to develop and offer “superior products” to the American market, following the Trump administration’s easing of enforcement actions and push for a clear regulatory framework. Binance.US Eyes Local Growth On Monday, Bloomberg reported that Binance founder and former CEO…
Bitcoin treasury company Strategy has completed a new purchase of 593 BTC, the firm’s 100th overall acquisition since it started accumulating. Strategy Has Added 592 BTC To Its Treasury In a new post on X, Strategy co-founder and chairman Michael Saylor has announced the latest BTC acquisition made by the company. This buy, which cost…
Crypto firm Terraform Labs’ wind-down administrator has sued Jane Street in Manhattan federal court, alleging the trading firm used material non-public information from Terraform insiders to trade around the May 2022 collapse of TerraUSD (UST) and Luna. The complaint was filed by Todd R. Snyder, the administrator overseeing recoveries tied to Terraform’s bankruptcy wind-down. It…
US President Donald Trump’s advisory group is looking at a plan to issue a US dollar-backed stablecoin to help people in Gaza who face severe cash shortages and broken banking services. The plan is being talked about by the Board of Peace and a handful of outside advisers. Based on reports by the Financial Times,…
Technical analysis of the BTC.D chart is pointing to a tip in balance that might lead to a crash in Bitcoin’s crypto market cap dominance. Analysts on X are pointing to signals on the Bitcoin dominance chart that could precede a sharp downward move, one that could have a massive effect on how liquidity rotates…