Crypto
Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug
Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.
BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green
BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF…
Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out
Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.
Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.
Bitcoin tanks below $63,000 for the first time since February as price selloff deepens
The selloff has triggered demand for protective options plays, pushing the fear gauge higher.
SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
SpaceX's proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows a…
Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks
The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.
Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800
Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.
New DeFi entrant widens field of crypto political campaign funds as elections loom
The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.
Bitcoin isn't crashing because of Saylor, it's losing the momentum trade
Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles Schwa…
Crypto Long & Short: What about the American consumer?
In this week's Crypto Long & Short, Alex Tapscott on the stalling of the CLARITY Act and how it's impacting the average American consumer. Then, Aisha Hunt writes that crypto will…
Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer
Sawyer confirmed that Standard Chartered’s full acquisition of the firm is on track to target a signing at the end of June and complete by the end of August.
Rare physical bitcoin worth $1.78 million gets cashed in after 12 years
The S1-COIN-25 physical bitcoin, part of Mike Caldwell's 2011-2013 mint, had its tamper-evident hologram peeled and the 25 BTC swept on-chain on Wednesday.
Bitcoin's dearth of fresh investors matters more than Strategy's sale, Citi says
Strategy's bitcoin sale may have rattled markets, but the bigger issue is missing demand from new buyers, Citi said.
Bitwise model puts bitcoin fair value at $224,000 as sovereign-default hedge
The figure is from a theoretical model proposed by Greg Foss in 2021 that treats bitcoin as a credit default swap on G20 sovereign bonds.
CoinDesk 20 performance update: Bitcoin Cash (BCH) falls 10.7%, leading index lower
Binance Coin (BNB), down 3.4% from Tuesday, was also an underperformer.
Kraken parent Payward plans to offer tokenized IPO access as investors await blockbuster debuts
Payward aims to give retail investors access to IPO shares at the offering price through tokenized equities.
IREN adds 4% premarket as company unveils 800MW Australian AI data center campus
The AI infrastructure firm secured a grid connection for a planned South Australian campus, with energization targeted for 2028.
Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done
The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.
Live markets: What's next as bitcoin re-tests February low for third time
One novel theory floating around social media says it's Iranian sanctions, not Strategy sales, that's behind this week's price crash.
Bitcoin hits Power Law level low that historically precedes a rebound
The power law model shows BTC trading at one of its deepest discounts relative to trend, a level previously seen during the March 2020 crash and FTX collapse.
Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE
The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.
Payment giants Stripe, Visa, Mastercard said to be among backers of soon-to-debut stablecoin platform
U.S. crypto exchange Coinbase is also said to be looking into the possibility of participating in the new stablecoin platform.
Crypto PACs go undefeated in June primaries as Fairshake scores bipartisan winning streak
Winners included Democrats Zoe Lofgren, Ted Lieu, Dave Min and Rob Menendez, as well as Republican Sen. Mike Rounds, with Democrats accounting for 10 of the 11 victories.