Bitcoin BTC$71,736.44 and other major cryptocurrencies all fell around 2% late Saturday evening U.S. hours after Vice President J.D. Vance announced that U.S. and Iranian negotiators had failed to agree to an extended ceasefire. The parties met in Pakistan Saturday to negotiate an agreement after the U.S.’s nearly six-week long campaign against Iran. Vance said […]
Crypto exchanges are starting to take on a new role: pricing traditional assets while Wall Street is closed. The growing market for perpetual futures contracts tied to traditional financial instruments including commodities like gold and oil that runs around the clock on cryptocurrency exchanges is responsible. Data from Binance Research suggests these markets, which hit […]
A federal judge has blocked the state of Arizona from bringing criminal charges against prediction market provider Kalshi, at least temporarily, in response to a motion from the Commodity Futures Trading Commission. District Judge Michael Liburdi, in the District of Arizona, ruled Friday that Arizona cannot hold an arraignment of Kalshi as scheduled on Monday, […]
World Liberty Financial’s WLFI token fell about 12% in the past 24 hours after the Trump-linked crypto venture published a thread on X defending its lending position on Dolomite, the DeFi protocol whose co-founder advises WLFI. The thread came in response to CoinDesk’s reporting that WLFI had deposited its own governance token as collateral, borrowed […]
OKX Ventures and HashKey Capital are backing a new Vietnam-based crypto exchange as Hanoi accelerates efforts to bring one of the world’s most active retail crypto markets under formal regulation. Vietnam Prosperity Crypto Asset Exchange (CAEX) said Friday that the two firms have agreed to invest and become strategic partners alongside founding shareholders VPBank Securities […]
Bitmine Immersion Technologies (BMNR) began trading on the New York Stock Exchange on Thursday, moving from the NYSE American as it scales its crypto-focused treasury strategy. The company paired the uplisting with an increase in its share repurchase program, raising the authorization to $4 billion from $1 billion. The buyback ranks among the largest announced […]
Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) began trading Wednesday with solid early activity, logging more than 1.6 million shares traded and roughly $34 million in inflows, the bank said. The fund, listed under the ticker MSBT, tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate and charges a 0.14% expense ratio. It […]
Pharos Network, a layer 1 blockchain focused on tokenized real-world assets, said it raised $44 million in a Series A round led by a mix of traditional finance and crypto investors. Backers include Sumitomo Corporation’s venture arm, SNZ Holding, Chainlink and Flow Traders, along with unnamed financial institutions the firm described as “giants in global […]
Binance founder Changpeng Zhao (CZ) says Sam Bankman-Fried asked him for “a couple of billion dollars nonchalantly, as if he were asking for a bologna sandwich” during the phone call that preceded Binance’s attempt to acquire FTX in November 2022, and that he never had any intention of going through with it. “I didn’t have […]
Charles Schwab’s latest research on digital assets argues that cryptocurrencies’ place in a portfolio hinges less on return forecasts and more on how much risk an investor is willing to take. The report frames bitcoin BTC$68,133.59 and ether (ETH) as high-volatility assets that can quickly reshape a portfolio’s risk profile. “Any allocation to cryptocurrency is […]
Bitcoin’s BTC$68,545.84 muted price action is masking a buildup of downside risk in derivatives markets, where traders are increasingly positioning for a sharper move lower. According to a recent Bitfinex report, the options market is showing a persistent gap between implied and realized volatility, with implied volatility holding in the 48% to 55% range while […]
A solo bitcoin miner running roughly 230 terahashes per second of computing power validated block 943,411 on Thursday, pocketing 3.139 BTC worth about $210,000 despite controlling a share of total network hashrate so small it rounds to zero on most dashboards. The miner was connected to solo.ckpool.org, the anonymous solo mining pool introduced in 2014 […]