The Kobeissi Letter reported bank cash at the Federal Reserve fell to about $2.93 trillion; Adam Livingston says that level signals a shift that would favor bitcoin.
Bitcoin Set for Massive Surge as Bank Reserves Near ‘Danger Zone,’ Says Adam Livingston
The Kobeissi Letter reported bank cash at the Federal Reserve fell to about $2.93 trillion; Adam Livingston says that level signals a shift that would favor bitcoin.
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The renewed bearish flip in funding rates comes amid risk-off in Wall Street's tech-heavy Nasdaq index.
The bank's analysts said the GENIUS Act has fueled a 42% jump in stablecoin growth this year, with Circle’s USDC chipping away at Tether’s dominance.
Custodian Hex Trust will let clients mint and redeem FXRP and stake FLR through its platform, giving institutions a way to put XRP to work.
Outflows from bitcoin ETFs were far more modest on a relative basis.