Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator
Ripple, the blockchain company behind the XRP Ledger, is on its way to regulatory approval in the European Union (EU) via licensing in Luxembourg.
Finance
Ethereum Foundation cuts 20% of staff amid leadership exodus
The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior leadership turnover and growing fragmentation across the wider …
Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst
Strategy's preferred stock STRC slid to record lows over the past week, and the fall has revived a comparison to Terra's UST, the stablecoin whose collapse erased about $40 billion in 2022.
Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin merger
Former bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC).
Bitcoin price has limited downside, likely near bottom, contrarian indicator suggests
That's the conclusion from an indicator that might seem to signal a bearish shift in sentiment but has tended to presage a more bullish outlook.
Crypto market drops as Nasdaq tech selloff spills into digital assets
The selloff follows Monday's downturn in technology stocks, with another day in the red foreshadowed by Nasdaq 100 futures, which have cratered by 2.5% since midnight.
Live updates: An 'altcoin season' signal flashed, but bitcoin's slide is what set it off
A widely watched indicator has flipped to "altcoin season," for the opposite reason the label suggests. Glassnode's Altcoin Cycle Signal, which reads above 50 when alternative coins, or alts, outperform bitcoin, has cli…
Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower
Bitcoin fell toward $63,000 on Tuesday, caught in a broad retreat from risk as investors pulled out of the technology stocks that have led markets all year.
XRP drifts toward $1.10 support as traders await break from three-week range
XRP is running out of room. After spending most of June trapped between resistance overhead and support near $1.10, the token is once again testing the bottom of its range.
SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days.
SpaceX's stock has lost more than $600 billion in market value over three trading days, which is nearly half of bitcoin's $1.3 trillion market cap, after announcing its first bond sale.
Trump signs orders to build a quantum computer and protect against the one that could break encryption
The U.S. government wants to build a quantum computer – the ultra-fast machine that could theoretically break the Bitcoin
U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC
Thanks to the newly passed U.S. Senate housing affordability bill, the Federal Reserve may be heading toward a formal ban from instituting a digital dollar in the form of a central bank digital currency (CBDC), despite …
Securitize and tZERO clash over patents as race to bring Wall Street onchain heats up
Two of the biggest companies in the tokenization space are heading toward a legal showdown over intellectual property just as the industry they helped create begins to seriously court institutional investors on Wall Str…
Ric Edelman says crypto’s biggest growth story is happening off the price chart
Latest developments: Edelman argues investor sentiment and industry fundamentals are moving in opposite directions.
Strive says digital credit selloff was a liquidation event, not a credit crisis
Latest developments: Digital credit products tied to Strategy's bitcoin-backed ecosystem suffered steep declines last week before partially recovering.
Ether’s biggest corporate holders back new Ethereum research hub
A group of former Ethereum Foundation researchers have started a new nonprofit research and development organization backed by some of ether's largest corporate holders, as the Ethereum ecosystem undergoes a major organ…
21Shares co-founder warns tokenization hype is outrunning Wall Street reality
What she's saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization.
Crypto's second U.S. lobbying front — tax policy — sees industry push on mining, staking
Top U.S. crypto lobbying groups united to ask that the U.S. House of Representatives embrace a bill that gives digital assets miners and recipients of staking rewards an option for deciding when to take a tax hit on the…
MoneyGram joins Solana as validator amid stablecoin payment push
MoneyGram said Monday it has become a validator on the Solana (SOL) blockchain, the latest step in the remittance firm's ongoing push into crypto infrastructure as it builds payment services around stablecoins.
Strategy added $35 million in bitcoin, $300 million in cash reserves last week
Michael Saylor and his embattled Strategy (MSTR) sold more common stock last week, using the proceeds to add a relatively small amount of bitcoin and $300 million in cash to its balance sheet.
Ethereum Foundation talent exodus sparks fresh debate over leadership
The Ethereum community is once again debating the future of the Ethereum Foundation (EF) after co-executive director Hsiao-Wei Wang announced she would step down from her leadership role, the latest in a growing list of…
Anchorage aims to bring banks onchain with new tokenized deposit platform
Federally chartered crypto bank Anchorage Digital is rolling out infrastructure that allows banks to issue tokenized deposits, joining a growing effort by financial institutions to bring traditional bank money onto bloc…
Bitcoin mining network becoming more sensitive to price swings, JPMorgan says
Bitcoin's mining network is becoming increasingly sensitive to price movements as more miners operate near breakeven levels, according to Wall Street bank JPMorgan.
TradFi fund manager Baillie Gifford introduces Solana, Ethereum tokenized fund with BNY
Baillie Gifford, a 118-year-old investment firm based in the Scottish capital of Edinburgh, unveiled a fixed-income tokenized fund in association with global custody giant BNY, the companies said on Monday.