Bitcoin nears 2024 lows as options traders pay up for downside protection
Bitcoin and ether tested critical multiyear support levels, with ether at a price it has bounced from twice before and bitcoin near its lowest since late 2024.
Finance
MetaMask launches Money Account with stablecoin yield and spending in one wallet
MetaMask has launched a new self-custodial account that combines stablecoin yield, payments and trading in a single product, as wallet providers increasingly compete to become broader financial platforms rather than sim…
Bitcoin $4.4 billion supply overhang emerges as institutional demand wilts
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AeroVironment soars 28% on earnings beat, backlog grows to $1.2 billion
AeroVironment stock ripped 28% higher on Tuesday during premarket trading as the dronemaker reported fourth-quarter earnings that beat on the top and bottom lines.
UK to lower stablecoin capital buffers, undercutting EU's MiCA requirements
The U.K.'s Financial Conduct Authority (FCA) reduced the proposed capital requirements for stablecoin issuers as it set out its formal guidance for cryptocurrency regulations.
Nasdaq expands distribution of its market data into blockchain infrastructure
Nasdaq is expanding the distribution of its market data into blockchain infrastructure, making one of its flagship equity data products available through the Pyth Network as financial firms increasingly build trading an…
Bitcoin’s quiet $59,000-$60,000 range is starting to look dangerous
The range itself is normal. Bitcoin spent much of 2024, from March to October, consolidating between $55,000 and $70,000 with occasional overshoots in both directions. What makes the current setup riskier is its locatio…
Live updates: BlackRock's IBIT sheds $300 million as bitcoin demand dwindles
U.S. spot bitcoin ETFs lost a net $231 million on Monday, with BlackRock's IBIT accounting for $300 million of outflows that other funds partly offset, including $50 million into ARKB and $35 million into GBTC, per SoSo…
Strategy heads for eleventh losing month in twelve as bitcoin weakness continues
Strategy (MSTR) stock is set to end the month around 41% lower, its worst monthly performance since 2022, with one trading day remaining.
Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory
The 52-week rolling correlation coefficient between Coinbase's BTC/USD pair and the USD/JPY pair from the currency markets now stands at -0.90, according to data source TradingView. That's the most negative reading sinc…
XRP holds $1 support as network activity rises and leverage clears out
XRP is no longer getting hit by the same crowded leverage that drove the selloff from its highs, but buyers still have not done enough to change the chart.
Dubai set for crypto firm influx as MiCA deadline pushes companies to reassess Europe
Crypto companies are looking more closely at the United Arab Emirates as the European Union’s Markets in Crypto-Assets regulation, or MiCA, approaches a July 1 deadline that will force firms without authorization to sto…
Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand
USDT, the world's largest dollar-pegged stablecoin, is trading well above face value on Indian crypto platforms. While local reports attribute the premium to a recent enforcement action, exchanges explain it as a simple…
Securitize heads to NYSE debut after investors approve SPAC merger
Securitize, a tokenization specialist backed by BlackRock, said Monday it cleared a final major hurdle to becoming a public company after shareholders of Cantor Equity Partners II (CEPT) approved the firms' proposed mer…
JPMorgan backs U.S. crypto bill but warns of risks in digital asset framework
JPMorgan said it is backing efforts to establish a U.S. regulatory framework for digital assets, but placed as much emphasis on the risks of crypto as the opportunities.
Ripple wants institutions to borrow against tokenized assets on XRPL
Ripple is pushing to add a lending layer to the XRP Ledger, the blockchain behind XRP, in a bid to let institutions borrow against assets they hold onchain rather than just issue and move them.
Crypto analytics firm Chainalysis proposes standards for blockchain tracing
Tracking funds on a blockchain has typically required specialized tools, and the process can sometimes be opaque, but crypto analytics firm Chainalysis is taking a swing at solving that problem.
Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.
Crypto projects losing millions due to exploits and hacks are becoming almost daily headlines. So much so that some of this news had almost become background noise.
Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein
The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting and financial markets, according to Wall Street broker Bernstein.
Ukraine transfers $8.3 million in seized crypto amid potential plans for strategic reserve
Ukraine has transferred seized cryptocurrency into state management for the first time in its history, according to the country's Prosecutor General's Office.
Tom Lee blames crypto weakness on quarter-end 'window dressing' as Bitmine adds another $43 million of ETH
Bitmine Immersion Technologies (BMNR), the largest Ethereum treasury company, bought 27,084 ether (ETH) last week, extending its accumulation streak despite another slide in crypto prices.
Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank
What was once dominated by lightly regulated crypto lenders is increasingly adopting the conventions of traditional finance, including conservative collateral management, greater transparency and more disciplined underw…
J.P. Morgan broadens blockchain settlement network as banks modernize cross-border payments
J.P. Morgan has expanded the number of currencies supported by its Kinexys blockchain payments platform, a move that could make it easier for multinational companies to move money between countries at any hour of the da…
Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC
BNY, the world's largest custody bank overseeing $59 trillion in assets, is deepening its ties with Circle (CRCL) as the Wall Street bank ramps up its stablecoin services.