Market Updates: RAVE Token Crashes 98% Amid Manipulation, Alcoa Nears Bitcoin Mining Deal, Moody’s Flags Stablecoins as Low Immediate Threat to Banking System
RAVE token crashes 60% amid exchange probes; Alcoa nears Bitcoin mining deal; Moody’s flags stablecoins as low immediate threat to banking system.
➤ The RAVE token experienced a dramatic crash of over 98% due to suspected market manipulation, prompting investigations by major exchanges. ➤ Industrial giant Alcoa is nearing a deal to sell a smelter to NYDIG, potentially for Bitcoin mining operations, highlighting the convergence of traditional industry and digital assets. ➤ Moody's assesses stablecoins as a low immediate threat to banks, but notes potential future pressure from tokenized RWAs, while Poland faces continued delays in crypto regulation.
