Shinhan, Hana, Woori, KB Financial Said to Meet Tether, Circle on Won Stablecoins: Report
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Crypto News

South Korea’s largest financial groups are set to meet officials from Tether and Circle Internet (CRCL), issuers of the two largest stablecoins, as early as this week, according to Yonhap. In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will discuss potential partnerships on distributing and transacting with dollar-pegged stablecoins in the […]

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U.S. Justice Department Official Says Writing Code Without Bad Intent ‘Not a Crime’
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Crypto News

A senior official at the U.S. Department of Justice knew the crypto audience in Wyoming had fresh software developer convictions on its mind when he told them on Thursday that his department doesn’t want to go after digital assets software developers who don’t have money-laundering intentions. Matthew Galeotti, acting assistant attorney general in the DOJ’s […]

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Bitcoin Crash to $100? Harvard Professor Rogoff Revisits 2018 BTC Price Prediction
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Crypto News

In 2018, Kenneth S Rogoff, professor of economics at Harvard University and a former chief economist at the International Monetary Fund, predicted bitcoin was more likely to be worth $100 than $100,000 in a decade. In reality, bitcoin’s price rose above $100,000 this year, a 10-fold increase from March 2018’s sub-$10,000 level when Rogoff predicted […]

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Altcoin Season May Be Brewing, But Will Be More Selective, Analysts Say
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Crypto News

A group of major altcoins have bounced stronger than bitcoin on Wednesday, showing relative strength despite a weakening risk appetite in broader capital markets. BNB (BNB), the native token of the BNB Chain and closely adjacent to crypto exchange giant Binance, surged 6% to a fresh all-time high of $875. Ethereum’s ether (ETH) rebounded 7% […]

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Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining
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Crypto News

Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. as a large shareholder, said it will acquire Dogehash Technologies, Inc. in an all-stock deal, pivoting from digital marketing into industrial-scale crypto mining Under the agreement, Dogehash shareholders will receive 30.7 million Thumzup shares, according to a Tuesday release, valuing the transaction at $153.8 million, based […]

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Michael Saylor’s MSTR Declines 7.8% Alongside Drop in Bitcoin
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Crypto News

Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi Development (DFDV) […]

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U.K. 30-Year Yield Tops U.S. as Pressure Mounts on Government Borrowing
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Crypto News

The U.K.’s fragile fiscal situation is back in focus as yields on long-term government bonds surged, topping their U.S. counterparts for the first time this century. The 30-year U.K. government bond offered a yield of 5.61% at press time. That’s 68 basis points more than the 30-year U.S. Treasury yield according to data source TradingView. […]

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Metaplanet Expands BTC Treasury, Assets Outweigh Debt 18-Fold
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Crypto News

Tokyo-listed Metaplanet Inc (3350) has acquired an additional 775 bitcoin for 13.73 billion yen (about $94 million), according to its most recent filing. The purchase, made at an average price of 17.72 million yen ($120,500) per bitcoin, lifts the company’s total holdings to 18,888 BTC, worth roughly 284.1 billion yen ($1.95 billion). This purchase keeps […]

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Brevan Howard, Goldman Sachs and Harvard Lead Billions in Bitcoin ETF Buying Spree
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Crypto News

Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC). Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust […]

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BlackRock’s Rick Rieder on Why Current Investment Environment Is Best Ever
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Crypto News

Rick Rieder, BlackRock’s chief investment officer of global fixed income, said earlier this week the current backdrop represents the “best investment environment ever,” citing unusually favorable dynamics in both equity and bond markets. Speaking on CNBC, Rieder described “extraordinary” technical conditions in equities, with trillions of dollars still parked in money market funds and robust […]

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Gemini Hires Goldmans (GS), Citi (C), Morgan Stanley (MS) and Cantor as Lead Bookrunners For its IPO
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Crypto News

Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho, […]

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