The privacy coin's spot ETF began NYSE trading Tuesday, which was one of the catalysts behind its surge to an eight-year high. Now traders are selling the news, with leverage stacked into the move.
Japan plans to launch a blockchain-based settlement system for stocks and government bonds by the early 2030s, using tokenized central bank reserves to achieve near-instant settlement and prevent capital flight to more modernized markets.
XRP’s 44% weekly rally has pushed leverage on Binance to its highest level since January, raising concerns about a sharper pullback. With futures volume dwarfing spot trade and a strong long bias, further declines could trigger forced liquidations.
BlackRock and Bitwise have significantly lowered their minimum thresholds for direct Bitcoin-to-ETF swaps, making it easier for large investors to exchange BTC for ETF shares without triggering capital gains taxes through in-kind creation.
One wallet bought heavily into a yield token, which pushed the price of its paired principal token down just enough to trigger liquidations across borrowers using it as collateral.
Chainalysis coordinated “Operation Lighthouse,” a global crackdown that used blockchain intelligence to uncover over 14,000 leads and dismantle child sexual abuse networks in more than 125 countries, with assistance from major exchanges and law‑enforcement agencies.
Bernstein warns that if the Clarity Act fails to pass this year, crypto markets could face another selloff, though increased regulatory rulemaking may provide a temporary buffer.
Morgan Stanley cut Circle's price target to $38, citing weaker USDC outlook and rising competition. The stock fell about 6% on the news and is down roughly 30% year‑to‑date.
U.S.-Japan foreign exchange intervention pushed the yen higher and revived worries about a bitcoin carry‑trade unwind, but data shows bitcoin’s moves align more with broad dollar strength than yen moves.
Matt Prusak, president of American Bitcoin, is joining Giga Energy as chief business officer, reflecting a trend of executives moving from crypto mining to AI and energy infrastructure.