On Thursday, President Donald Trump said he would announce his pick for chairman of the U.S. Federal Reserve to replace outgoing Chairman Jerome Powell after the latter’s term ends in May. Although nothing is confirmed yet, reports suggest that the Trump administration is preparing to nominate Kevin Warsh, who served on the Federal Reserve Board […]
Here’s Why Fed Rival Kevin Warsh Is Considered Bearish on Bitcoin Read More »
The crypto market crashed hard over the past 24 hours, triggering $1.68 billion in liquidations as leveraged bets were wiped out on major exchanges, according to CoinGlass data. Around 267,370 traders were forced to abandon their positions, with long positions accounting for an overwhelming $1.56 billion, or almost 93% of the total liquidations. The shorts
BTC moves end up liquidating $1.7 billion in bullish crypto bets Read More »
Cryptocurrency custody firm Copper is beginning initial discussions about a public listing, according to three people with knowledge of the matter. Goldman Sachs, Citi and Deutsche Bank are among the investment banks potentially involved, according to a source. The decision whether to pursue a listing will depend on the company’s near-term revenue performance, said a
In today’s newsletter, Sam Boboev, founder of Fintech Wrap Up, examines how banks are adopting stablecoins and tokenization to improve banking rails. Next, Xin Yan, co-founder and CEO of Sign, answers questions about banks and stablecoins in Ask an Expert. -Sarah Morton From stablecoins to token deposits: why banks are reclaiming the narrative Stablecoins dominated
Why banks are reclaiming the narrative Read More »
Some key members of Ethereum, including co-founder Vitalik Buterin, are reviving one of the network’s oldest and most symbolic chapters: the DAO (decentralized autonomous organization). More than 70,500 ethers ETH$2,961.90 that have remained untouched since the 2016 DAO hack — long considered Ethereum’s defining existential crisis — will be redeployed into a roughly $220 million
Ethereum OGs Relaunch DAO With $220 Million Security Fund, Unchained Reports Read More »
Bitcoin BTC$88,336.23 The price continued to decline Thursday evening in the United States, falling as low as $81,000 before rebounding to the current level of $82,000. The world’s largest cryptocurrency has lost almost $10,000 in the last 24 hours of trading. More than $777 million worth of crypto longs were liquidated in the last hour,
BTC hits new 2026 low as day’s slide continues Read More »
A U.S. Senate committee formally advanced the crypto market structure bill on Thursday, taking the next step with legislation that the industry hopes will help it reach a new plateau of investor confidence and involvement. It’s the crypto industry’s largest policy effort ever in the Senate, although there are some headwinds. The committee working on
Crypto bill passes major milestone in US Senate despite opposition from Democrats Read More »
Bitcoin BTC$84,140.26 the rapid fall to $84,000 in the morning in the United States on Thursday was accompanied by equally rapid declines in stocks and precious metals. But while stocks, gold and silver have since rebounded to their worst levels, crypto remains near its session lows, along with BTC, ether. ETH$2,803.58XRP XRP$1.8004and Solana GROUND$117.64 all
BTC could retest April lows below $80,000 Read More »
SEC Chairman Paul Atkins said “the time is right” for retirement plans including 401(k)s to include cryptocurrency, while CFTC Chairman Michael Selig predicted that digital assets will “thrive” once Congress finalizes rules on the structure of the U.S. market. The comments in an interview with CNBC were made as lawmakers on the Senate Agriculture Committee
SEC, CFTC Leaders Take Bullish Tone on Digital Assets Ahead of Regulation Read More »
Circle (CRCL), the stablecoin issuer behind USDC, earned a second upgrade by Wall Street analysts in a week, and this time by its biggest bearish. Compass Point’s Ed Engel, who had a sell rating and the lowest price target among analysts, upgraded the stock to neutral just a day after Mizuho’s Dan Dolev revised his
