cryptocurrency news

Bitcoin price collapsed as Strategy faced tighter liquidity conditions and paused its BTC buying. Is it time to jump ship, or buy the dip? Key takeaways:Bitcoin (BTC) faced a 21% price correction in 10 days, retesting the $61,000 level for the first time in 4 months. This movement coincided with Strategy (MSTR US) company’s decision…Read More

Political activist Bill Browder, the teenager’s father, said his son was “the first high school student in the world to be sanctioned by an authoritarian regime” over a report on the ruble-pegged stablecoin A7A5.Alexander Browder, the son of American-British political activist Bill Browder, said that he has been targeted by Russia over allegations that officials…Read More

US spot Bitcoin ETF ownership shifted during the market downturn as hedge funds exited positions, while banks and long-term allocators continued building exposure.Professional ownership of US spot Bitcoin exchange-traded funds (ETFs) declined sharply in the first quarter as Bitcoin’s bear market deepened, suggesting that trading-oriented institutions were a significant source of selling pressure during the…Read More

A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.Cryptocurrency exchange Coinbase will allow qualified borrowers to pledge digital assets to fund Fannie Mae-backed mortgage apartments beginning this summer.In a Thursday notice, Coinbase and its partner, Better Home & Finance, said the mortgage…Read More

Bitcoin continued “incredible” 2022 bear market repeat behavior as sellers kept control over BTC price rebound attempts.Bitcoin (BTC) returned below $64,000 after Thursday’s Wall Street open as bulls nursed 13.5% weekly losses.Key points:Read moreRead More

The exchange integration gives Western Union’s dollar-pegged token access to crypto market liquidity as payment providers accelerate their adoption of stablecoins. Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time.The companies announced on Thursday…Read More

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.Today in crypto, Strategy’s Bitcoin paper loss tops $11 billion as Michael Saylor pointed to ETF outflows and AI infrastructure spending as factors pressuring BTC, Bitmine is launching a…Read More

Strategy’s Bitcoin paper loss tops $11 billion as Saylor pointed to ETF outflows and AI infrastructure spending as factors pressuring BTC.Strategy’s Bitcoin holdings fell deep into paper-loss territory as BTC traded below the company’s average purchase price, renewing scrutiny of Michael Saylor’s Bitcoin treasury model.Strategy holds 843,706 Bitcoin (BTC) acquired at an average price of…Read More

Apex Group is providing fund services for a tokenized real estate fund using Goldman Sachs’ GS DAP platform.Apex Group is providing fund management services for a tokenized real estate fund whose shares are being issued on Goldman Sachs’ Digital Asset Platform, GS DAP.The fund was developed with Goldman Sachs, digital asset exchange Archax, real estate…Read More

Arthur Hayes said he dumped his HYPE and NEAR holdings after warning markets may peak before September and AI IPOs could drain liquidity.BitMEX co-founder Arthur Hayes said he dumped his Hyperliquid (HYPE) and Near Protocol (NEAR) token holdings, reversing course after previously assigning aggressive upside targets to both assets.Hayes cited higher energy prices due to…Read More

Coinbase launches pre-IPO markets starting with SpaceX, offering non-US users perpetual futures tied to private company valuations amid rising competition.Coinbase has launched pre-intial public offering (IPO) markets, starting with SpaceX, offering users outside the United States exposure to private companies before they list publicly via a perpetual futures contract tied to the company’s estimated pre-listing…Read More

Bitcoin brought back the trend line that functioned as resistance in the 2022 bear market, with BTC price RSI approaching its lowest in six years.Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next.Key points:Read moreRead More

FG Nexus offloads another 10,000 ETH, pushing realized and paper losses above $100 million as the Ethereum treasury firm continues cutting exposure.A wallet tagged by Arkham to the publicly listed Ethereum treasury company FG Nexus moved another 10,000 Ether on Wednesday, extending a series of sales that began after the company built a large position…Read More

A Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to no after traders disputed how the sale should count.A disputed Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to “No” after two dispute rounds, despite Strategy later disclosing that it sold 32 BTC during the market’s covered window.UMA Optimistic…Read More

US-listed spot Bitcoin ETFs saw $397 million in outflows on Wednesday, extending a 13-day red streak to $4.4 billion as Bitcoin has fallen about 21% since May 15.US-listed spot Bitcoin exchange-traded funds (ETFs) extended their sell-off Wednesday to a record 13 consecutive trading days as Bitcoin demand continued to weaken.Spot Bitcoin ETFs posted $396.6 million…Read More

Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the broader technical setup remains bearish for BTC.Bitcoin’s (BTC) brief plunge toward the $60,000 area triggered more than $600 million in long liquidations, raising doubts over whether the latest rebound marks a real bottom or only a relief bounce after a leverage…Read More

Maelstrom predicts the WLD token will reach $5 by August, a gain of around 900% from current levels. Arthur Hayes’ investment firm Maelstrom said Worldcoin could surge to as high as $5 per token over the next few months, with WLD acting as a crypto proxy for the AI boom.“The AI mega IPOs are coming…Read More

The lawmakers are also asking the FTC for information on whether it has plans to take investigative or enforcement action against prediction markets for possible deceptive practices.Nine Democratic lawmakers in the US House of Representatives have called on the Federal Trade Commission to launch a probe into how prediction markets are advertising to customers compared…Read More

AI firm Anthropic mapped a year’s worth of AI-enabled cyber threats, finding that malicious actors are quickly becoming more dangerous with AI. More than two-thirds of accounts banned by Anthropic for policy violations over the last year used AI to help them prepare for cyberattacks, such as writing malware, according to the AI firm. Anthropic said…Read More

The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday.Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook. Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual preferred…Read More