The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion crash, according to the Wall Street Journal. Todd Snyder, tasked with winding down what remains of the crypto empire, is seeking $4 billion in damages from the […]
Crypto losses accelerated Thursday afternoon as bitcoin BTC$85,463.11 broke below the key $85,000 support level, dipping to $84,500 — its weakest price in nearly three weeks — before rebounding slightly. The move erased BTC’s morning rally to $89,500 and dragged the broader crypto market lower. Ether ETH$2,827.25 fell under $2,800, down 1.1% in the past […]
U.S. spot bitcoin exchange-traded funds (ETFs) posted their largest one-day inflows since Nov. 11 on Wednesday, coinciding with a volatile crypto market during which bitcoin BTC$87,214.89 rallied to nearly $90,000 before reversing and falling below $86,000. In total, the funds recorded net inflows of $457.3 million, most of which — $391.5 million — went into […]
With an any-minute-now confirmation of Mike Selig to take over the U.S. Commodity Futures Trading Commission, its stand-in chief, Caroline Pham, is closer to her longstanding plan to jump to crypto firm MoonPay. As CoinDesk reported last month, Pham was said to be planning to take on the role of chief legal officer and chief […]
The crypto market slipped overnight, with bitcoin BTC$86,824.14 dropping 1.5% from the high it hit in the early hours of Wednesday. The broader market followed suit. The CoinDesk 20 (CD20) fell 1.6% since midnight UTC with all members of the index declining. Bitcoin’s sell-off after failing to break above $94,700 last week has extended a […]
Crypto wallet provider Exodus (EXOD) is entering the stablecoin market with the launch of a fully reserved, USD-backed stablecoin in partnership with fintech firm MoonPay. MoonPay will issue and manage the stablecoin, with support from stablecoin infrastructure provider M0. The token is expected to go live in January 2026, with network and product details to […]
Kindly MD (NAKA), a health-care and bitcoin treasury company company, faces being delisted from the Nasdaq exchange after its share price failed to meet minimum listing requirements. The stock has closed below $1 for 30 consecutive trading days, and the company has until June 8 to lift it above that level for 10 straight days […]
Nasdaq is looking to enable nearly round-the-clock trading, aiming to match the increasingly global nature of financial markets and investor behavior, according to a filing with the U.S. Securities and Exchange Commission (SEC) Under the proposal, Nasdaq would expand trading hours for stocks and exchange-traded products (ETPs) from 16 hours to 23 hours per day, […]
A weekend sell-off in a Nasdaq 100–linked perpetual futures market on EdgeX triggered roughly $13 million in liquidations, highlighting the risks of trading equity-index perps when underlying traditional markets are closed. On Saturday, a newly created wallet began executing a six-hour time-weighted average price (TWAP) order to short 398 XYZ100 contracts, worth roughly $10 million, […]
Walk into a gas station, grocery store, or convenience store today, and you might see a small orange kiosk glowing in the corner. What started as a curiosity has quietly become one of the most familiar in-person touchpoints in the digital economy: the crypto ATM. With close to 40,000 crypto ATMs operating worldwide, this technology […]
Bitcoin-heavy firm Strategy (MSTR) will remain in the Nasdaq 100 index, surviving the annual reshuffle that saw several household names dropped. The firm, which began as business software provider MicroStrategy, pivoted in 2020 to stockpiling bitcoin as its core strategy. It has since then accumulated 660,624 BTC worth $59.55 billion, and it was added to […]
Bitcoin BTC$90,193.16 has so far bounced above $90,000, 15% higher from its Nov. 21 low of around $80,000, with price finding confluence support across three important cost basis metrics: the 2024 yearly volume weighted cost basis, the True Market Mean, and the average U.S. spot exchange-traded fund (ETF) cost basis. These metrics help to identify […]