Reza Bundy, CEO of Atlas Capital and partner of Nouriel Roubini, forecasts a potential 70% drop in bitcoin over the next six months, but expects it to rebound to a range of $150,000 to $500,000 in the long run.
During a congressional hearing, OCC chief Jonathan Gould stated that the only political pressure influencing the decision on World Liberty Financial's bank charter application comes from Democrats, not President Trump. This statement was made in response to questions about the appropriateness of a Trump appointee's involvement in the process.
As the landscape of digital currencies evolves, advisors must reassess crucial due diligence questions regarding cash management, regulatory assumptions, and AI's role in crypto transactions.
Arthur Hayes exits his position in Hyperliquid's HYPE token, causing a 10% drop despite his earlier $150 price target. The move has drawn criticism from traders, citing macroeconomic factors as the reason behind the profit-taking.
The U.S. jobless claims saw an unexpected rise ahead of the upcoming employment report, which could impact interest rate trends. Economists forecast a modest job addition in May, while the unemployment rate is anticipated to remain stable.
Michael Saylor argues that the recent decline in bitcoin is due to a capital shift towards AI investments, countering bearish claims that the cryptocurrency is fundamentally flawed.
Major losses continue for BTC, ETH, SOL, and XRP ETFs, with a staggering $4.4 billion in outflows over the past 13 days, while Hyperliquid's HYPE ETFs remain a rare bright spot amid the downturn.
Apyx's apxUSD stablecoin briefly dipped to 93 cents amid bitcoin's decline, with the protocol asserting that such volatility is an expected feature rather than a bug.
Polymarket has ruled No for May and Yes for June after a vote by UMA token holders regarding Strategy's recent bitcoin sale, leading to a significant dispute among bettors.
Cardano's ADA price has dipped below 20 cents as founder Charles Hoskinson announces he is 'taking a break' amidst warnings of potential ecosystem failures, following significant setbacks including the cancellation of key events.
Bitcoin ETFs have faced an unprecedented selloff totaling $3.4 billion, marking the longest redemption streak as AI stocks continue to rise. Investor interest in AI and semiconductor stocks has led to significant outflows from bitcoin funds.
MoneyGram has launched its U.S. dollar-backed stablecoin MGUSD on the Stellar blockchain, aiming to enhance cross-border payment services. The initiative comes as stablecoins continue to gain momentum in the global financial landscape.
Strategy's recent $2.5 million bitcoin sale highlights its transformation from a leveraged holder to a complex financial entity, raising questions about future sales in its evolving operational model.
The Brussels-based digital asset services firm plans to purchase BlockFills months after the Chicago-based company filed for Chapter 11 bankruptcy, if a court approves.