Bitcoin-Beating EUR/USD’s Bullish Momentum Might Have Legs: Macro Markets
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Crypto News

Welcome to CoinDesk’s weekly macro column, where analyst Omkar Godbole writes about his macro observations and analysis in the broader markets. The views expressed in this column aren’t investment advice.A major currency pair, which is barely considered volatile, is now rivaling notoriously explosive bitcoin’s price performance—unimaginable, right? Not anymore. In June, EUR/USD, the most liquid […]

BlackRock’s Bitcoin (BTC) ETF Now Generates More Revenue Than Its Flagship S&P 500 Fund
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Crypto News

BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more revenue than one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF (IVV), according to Bloomberg data. Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it […]

DOJ’s $225M Seizure Puts Human Cost of Crypto Scams in Focus, Former Acting U.S. Attorney Says
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Crypto News

The U.S. Department of Justice is sending a message with its recent effort to seize $225 million in crypto tied to pig butchering scams: these funds were stolen from victims. At least, that’s the takeaway from Phil Selden, a member at Cole Schotz PC and former acting US Attorney for the District of Maryland. The […]

GENIUS Act Lacks ‘Necessary Guardrails’ For Investor Protection, NYAG Letitia James Tells Congress
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Crypto News

New York Attorney General Letitia James sounded the alarm on the U.S. Senate’s stablecoin bill, warning Congress on Monday that the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act — at least as it currently stands — “do[es] not contain the necessary guardrails to protect the American public.” In an eight-page […]

Robinhood, Kraken-Backed Global Dollar (USDG) Comes to Europe
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Crypto News

Global Dollar (USDG), a stablecoin issued by regulated fintech Paxos, and backed by a consortium of heavy hitters that includes Robinhood, Kraken and Mastercard, is being made available to consumers across the European Union, according to a press release on Tuesday. USDG is regulated by Europe’s Markets in Crypto-Assets (MiCA), the Finnish Financial Supervisory Authority […]

Solana Jumps Ahead of First SOL ETF Hitting the Market This Week
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Crypto News

Solana jumped about 5% Monday morning amid rumors that a SOL Staking exchange-trade fund (ETF) by Rex Shares and Osprey Funds could start trading on the market as soon as Wednesday. The token later fell back slightly, now trading up about 2.3% over the past 24 hours at $157 at press time. A spokesperson for […]

Whale Accumulation, ‘Inside Week’ Candle Offer Hope to Shiba Inu Bulls
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Crypto News

Signs of green shoots have emerged in the shiba inu market, with whale accumulation and an inside week candle suggesting a price recovery ahead. SHIB’s price has dropped nearly 27% to $0.00001160 since mid-May, hitting a 16-month low of $0.00001005 at one point, according to data source TradingView. The decline, however, prompted whales – investors […]

Why is XRP Up Today? Catalyst Trio Sees Token Outperform Wider Crypto Market
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Crypto News

XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market. One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions […]

Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC
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Crypto News

Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month. June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their […]

Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts
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Crypto News

Robinhood (HOOD) has introduced micro futures on bitcoin , solana and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts. Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital. The contracts offer traders more […]

Ripple to Drop Cross-Appeal Against SEC, Ending Years-Long Legal Battle With SEC
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Crypto News

The years-long legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to have finally come to an end, after Ripple Labs CEO Brad Garlinghouse announced Friday that the company plans to drop its cross-appeal in the case. “Ripple is dropping our cross appeal, and the SEC is expected to drop their […]

Launch U.S. Perp-Style Futures, Buys Bitcoin (BTC) Weekly, CEO Says
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Crypto News

Crypto exchange Coinbase (COIN) will start offering perpetual-style futures contracts in the U.S. on July 21, becoming one of the first regulated players to offer the globally popular product. The new vehicle, first available with bitcoin and ether , will trade on the Coinbase Derivatives Exchange, a CFTC-regulated venue. Unlike offshore perpetuals, which dominate global […]