Bitcoin and other major cryptocurrencies have lagged behind a nine-week rally in U.S. stocks as ETF demand cools, while smaller tokens like Hyperliquid's HYPE have shown significant gains.
Venture capitalist Andrew Gault warns that the real quantum threat to Bitcoin lies in the data currently being transmitted between institutions, rather than wallet keys. He emphasizes the need for the crypto industry to address these vulnerabilities urgently.
A new analysis reveals that the bitcoin-backed lending market could potentially reach $1 trillion in the next decade, driven by significant borrower interest despite current low adoption rates. Key barriers to this growth include volatility concerns and regulatory uncertainty.
The CFTC has praised 24/7 trading for the crypto sector while cautioning that such hours may not be suitable for traditional markets. The advisory reflects a growing divide between established firms and new digital entrants.
The cryptocurrency sector is shifting its political strategy, with new PACs focusing on Republican candidates, as evidenced by significant wins in recent Texas primaries. This shift raises questions about the future of bipartisan support in crypto policy as the midterm elections approach.
Elon Musk is exploring a merger between Tesla and SpaceX, which could position the combined entity as the fifth-largest corporate bitcoin holder globally, with assets valued at $3.3 billion.
Block has commenced the gradual rollout of Cash App's stablecoin feature, currently available to 25% of users, with a full launch expected by week's end, marking a significant shift for CEO Jack Dorsey.
Paxos has received SEC approval to operate as a central securities depository, marking a significant advancement for blockchain integration in traditional finance. This development positions Paxos as a viable alternative to legacy clearinghouses.
Bitcoin and other major cryptocurrencies have lagged behind a nine-week rally in U.S. stocks as ETF demand cools, while smaller tokens like Hyperliquid's HYPE have shown significant gains.
Bitcoin has slipped back to $75,800 as investors pivot towards AI stocks, overshadowing the cryptocurrency's recent bounce. Analyst James Check highlights the prevailing negative sentiment around Bitcoin, describing it as being in the 'absolute gutter.'
Michele Spagnuolo, a Google engineer, has been arrested for allegedly using insider information to place bets on Polymarket regarding Google's search results. This incident marks the second significant arrest for insider trading in prediction markets.
FalconX has confidentially filed with the SEC for an IPO and has engaged Cantor for advisory support, although the listing is expected to be delayed due to current market conditions.
The cryptocurrency sector is shifting its political strategy, with new PACs focusing on Republican candidates, as evidenced by significant wins in recent Texas primaries. This shift raises questions about the future of bipartisan support in crypto policy as the midterm elections approach.
United Texas Bank has made a significant shift to a national charter, positioning itself as a key player in the crypto space, challenging traditional Wall Street firms. The bank aims to bridge the gap between cryptocurrency and the U.S. banking system, offering innovative services and compliance solutions.
ICE CEO Jeffrey Sprecher claims that the decentralized platform Hyperliquid is surpassing NASDAQ in trading activity, highlighting its impact on the crypto market and regulatory landscape.
A new blockchain lottery initiative by Megapot and Protocol Guild aims to fund Ethereum developers by channeling crypto gambling fees into a transparent funding stream.
Jefferies projects a significant increase in crypto and blockchain public listings, potentially leading to a $1 trillion market within five years as institutional investors focus on real financial infrastructures. The recent Digital Assets Investor Conference highlighted the shift in Wall Street's approach towards blockchain integration over price speculation.
Bitcoin experiences a slight recovery after Trump's announcement, but is on track to close May with losses. Meanwhile, SoFi shares surge following the launch of a new stablecoin.
Zhu Juntao, the former CEO of Hodlnaut, has been charged with fraud in Singapore for allegedly misleading customers regarding the company's exposure to the TerraUSD collapse. The charges come nearly four years after the firm's withdrawal freeze during the Terra crisis.