Bitcoin Dips Below $90K Amid Risk-Off Sentiment
Bitcoin slid under $90,000, and Ether dropped over 4%, with broader crypto markets weakening. This occurred despite the U.S. Federal Reserve’s recent rate cut and broader risk-asset rallies, signaling lingering caution among traders.
Though rate cuts are traditionally bullish, crypto’s sensitivity to macro and tech-sector sentiment persists. Weakness under key levels suggests the market is still searching for clear catalysts before committing capital.
XRP ETFs Approach $1 Billion in Inflows, Showing Rapid Growth
XRP-focused ETF products have pulled in roughly $906 million in approximately 14 days, approaching the $1 billion mark faster than Bitcoin or Ethereum ETFs.
Strong inflows indicate institutional and retail interest concentrating on XRP, potentially positioning it as an altcoin with differentiated demand dynamics, especially amid Bitcoin and Ethereum consolidation.
Gemini Secures U.S. CFTC License for Prediction Markets
Gemini, the exchange founded by Tyler and Cameron Winklevoss, received approval from the CFTC to offer prediction markets to U.S. users. This expands its regulated product suite beyond traditional trading.
This license broadens regulated crypto-adjacent financial products in the U.S. It could attract new user segments, specifically those interested in derivatives and prediction markets, and diversify exchange revenue streams amid slow price performance.
Do Kwon to Be Sentenced in U.S. for Terra-Luna Collapse Fraud Case
Terraform Labs co-founder Do Kwon is set to be sentenced in New York after pleading guilty to misleading investors during the TerraUSD/TerraUSD crash. This event wiped out approximately $40 billion in market value. Prosecutors recommended a lengthy sentence, while the defense argued for leniency.
The case remains one of the most consequential fraud prosecutions in crypto history. The outcome could influence future enforcement intensity and act as a precedent for accountability in major collapse events.