Bitcoin's recent decline is closely tied to a selloff in gold and silver, as a hawkish Federal Reserve and a stronger dollar make non-yielding assets less appealing. This trend underscores the interconnectedness of these assets in the current market dynamics.
Invesco has filed to create the Invesco Stablecoin Reserves Onchain Fund, focusing on investments in cash and short-term U.S. Treasuries to support stablecoins, marking a significant step in its blockchain strategy.
Ric Edelman points out that while crypto prices are struggling, significant growth is occurring behind the scenes with institutional adoption and tokenization. He emphasizes that the outcome of the CLARITY Act will be crucial for the future of crypto markets.
Securitize and tZERO are embroiled in a patent dispute as the push for tokenization on Wall Street gains momentum, with both companies taking legal action against each other.
The crypto industry is rallying for a U.S. House bill to clarify tax treatment for mining and staking assets, pushing for a deferral option on income recognition.
The Ethereum Foundation faces leadership scrutiny following co-executive director Hsiao-Wei Wang's resignation, amidst a wave of senior departures that has sparked discussions about the foundation's governance and future direction.
Bitcoin remains steady around $64,000 as US-Iran ceasefire talks begin, overshadowed by Iran's renewed threats to close the Strait of Hormuz. The cryptocurrency market showed resilience over the weekend following a recent sell-off.
An attacker exploited Ethereum's jaredfromsubway.eth bot, draining over $7.5 million by manipulating its trading logic rather than relying on traditional vulnerabilities. This incident underscores the risks associated with automated trading systems in the Ethereum ecosystem.
CME Group has filed a lawsuit against the CFTC, claiming the agency wrongly approved Kalshi's perpetual futures contracts. The suit raises significant questions about the regulatory status of these products.
The recent plunge of STRC below $83 has sparked discussions regarding the factors influencing its par-value crisis. A combination of declining bitcoin prices and strategic financial decisions has left investors questioning STRC's recovery potential.
AI is revolutionizing crypto security by reducing costs and improving efficiency, prompting a reevaluation of due diligence standards in the industry. However, experts caution that while AI can enhance vulnerability detection, it cannot replace the need for human oversight.
Charles Schwab is set to launch a new yes-or-no options contract on the S&P 500 in collaboration with Cboe Global Markets, marking its entry into prediction markets. This innovative product will allow clients to wager on the index's performance with anticipated rollout in the coming months.
Bitcoin and major cryptocurrencies have faced declines for four consecutive days, with growing concerns over Strategy's STRC stock affecting market sentiment.
Franklin Templeton is set to launch new ETFs that will convert corporate dividends into bitcoin, marking an innovative approach to cryptocurrency investment. This move reflects growing institutional interest in blending traditional equities with digital assets.