Author: MNK News

The U.S. government shutdown has now become the longest in the country’s history, continuing for over a month. A budget dispute triggered the shutdown, halting federal operations and disrupting sectors like healthcare and the crypto sector. The lack of agreement between Republicans and Democrats on a funding bill to reopen the government. As the Senate gears up to take a vote, health care is still the name of the game. Democrats want to reinstate tax credits for health insurance, and Republicans say the government must reopen first. Polymarket traders think the shutdown could drag well into mid-November, with a 63% chance it’ll go longer…

XRP price has not been as impressive as many had expected. Since its last rally between late 2024 and 2025, it has not seen any major upside. An XRP ETF is also yet to be approved, even though some newer tokens like Hedera (HBAR) and Solana (SOL) already have live ETFs. Even if the ETF gets approved, there may be no major change in XRP price. This was the same thing that happened with ETH, LTC, and SOL. In October, Binance Coin (BNB) reached a new all-time high just above $1,300. Since then, the price has started to decline as…

Maharashtra’s special MPID court grants bail to crypto scheme accused Kartik Kamal Sharma, citing no prima facie evidence of fraud; charge sheet already filed | Representational Image Mumbai: The special Maharashtra Protection of Interest of Depositors (MPID) Act has granted bail to a 36-year-old Kartik Kamal Sharma, who was arrested in connection with an alleged crypto investment fraud case registered at Samta Nagar Police Station. Sharma, the proprietor of Tecroot3 Consultancy Services Pvt. Ltd., was accused of of luring investors to put money into cryptocurrency schemes by promising lucrative returns and that a case was registered under various sections of…

Glassnode has explained how the Bitcoin options Open Interest has been climbing recently and looks set to explore new all-time highs (ATHs). Bitcoin Options Open Interest Has Already Bounced Back From Oct Expiry In a new thread on X, analytics firm Glassnode has discussed about the Bitcoin options market. This segment of derivatives trading involves traders betting on future price moves through contracts giving the right (but not the obligation) to sell or buy the cryptocurrency at a set price. Related Reading Earlier, perpetual futures was the main derivatives trading pathway that investors in the sector used, but recently, demand…

WASHINGTON (AP) — Senators are working through the weekend for the first time since the government shutdown began more than a month ago, hoping to find bipartisan resolution that has so far eluded them as government workers have gone unpaid, airlines have been forced to cancel flights and SNAP benefits have been delayed for millions of Americans. As the weekend session was set to begin Saturday, it was unclear if Republicans and Democrats could make any headway toward reopening the government and breaking a partisan impasse that has now lasted 39 days. Republicans on Friday rejected an offer from Senate…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

Ray Dalio has fired a shot across the macro bow, arguing that the Federal Reserve’s latest balance-sheet guidance risks “stimulating into a bubble” rather than stabilizing a weakening economy—an inversion of the classic post-crisis QE playbook with potentially seismic implications for hard assets, including Bitcoin. In a post titled “Stimulating Into a Bubble,” Dalio frames the Fed’s pivot—ending quantitative tightening and signaling that reserves will need to start growing again—as the next milestone in the late stage of the Big Debt Cycle. “Did you see that the Fed’s announcement that it will stop QT and begin QE?” he wrote, cautioning…

Ethereum has been struggling to reclaim higher levels after losing the $3,100 mark earlier this week, as selling pressure and market-wide uncertainty continue to weigh on price action. Bulls are attempting to defend key support zones, but so far, momentum remains weak and upside recovery efforts have failed to gain traction. Despite this, no clear sign of a deeper breakdown has emerged, suggesting that the market could still be in a consolidation phase rather than entering a new bearish leg. Related Reading In the midst of this volatility, Sharplink Gaming — notably one of the first Nasdaq-listed companies to adopt…

The San Diego-based brand reeled in a star-studded seed funding round as it launches its first large-scale campaign across the U.S. Cymbiotika, a bioactive supplement brand known for delivering products in liquid and gel forms, has secured a $25 million seed round after reaching $150 million in annual revenue. The raise, which includes a roster of investors spanning music, sports, and culture, marks a defining moment for the San Diego-based company as it enters all Target stores nationwide and launches its first large-scale brand campaign. The funding round includes The Weeknd, Post Malone, Peggy Gou, the Jonas Brothers, Marshmello, Daymond…

Zcash (ZEC) has made a dramatic return to prominence, breaking into the top 20 cryptocurrencies after soaring more than 1,270% year-over-year. Related Reading: Cathie Wood Trims Her 2030 Bitcoin Price Prediction To $1.2 Million – Here’s Why The Zcash price recently surged above $650 for the first time since 2018, with a market capitalization of nearly $10 billion. According to CoinGecko, daily trading volume has surpassed $1.88 billion, with strong liquidity across Binance, Hyperliquid, and Bybit. This momentum reflects a growing resurgence of interest in privacy-preserving technologies amid increasing concerns over financial surveillance. The Electric Coin Company’s (ECC) recent upgrades,…