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Calamos Bets Protected Bitcoin ETFs Can Survive Crypto Market Fluctuations

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Latest developments: Calamos says its hedged Bitcoin ETFs are attracting inflows even as spot Bitcoin ETFs are seeing redemptions. Matt Kaufman, head of ETFs at Calamos, said the firm has seen inflows of about $10 million to $15 million in recent weeks. Kaufman said advisors are increasingly seeking exposure to Bitcoin that reduces volatility and […]

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Tether’s US-focused stablecoin grows 500% in a month, but lags behind Circle, Ripple and Paypal

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U.S.-focused stablecoin giant Tether’s digital dollar token USAT (USAT) grew more than six-fold month-over-month in April, but it still lags far behind its rivals. According to the latest reserve report signed by Deloitte and released on Thursday, the circulating supply of the token reached $140.8 million as of April 30, up from $22 million in

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Crypto trading firm FalconX confidentially files for IPO with SEC, hires bankers

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Crypto trading firm FalconX has confidentially filed a proposed S-1 registration statement with the Securities and Exchange Commission (SEC), the first step toward a possible public listing, according to a person with knowledge of the matter. FalconX hired Wall Street heavyweight Cantor and other bankers to advise on its initial public offering (IPO), said the

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Why the Ethereum Foundation is suddenly at the center of the crypto culture war again

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The Ethereum Foundation, the nonprofit that has long been Ethereum’s closest thing to a central manager, is facing new questions about its future after a wave of high-profile departures and growing criticism from across the crypto industry. In recent weeks, critics have accused the foundation of becoming insular, slow, and out of touch with the

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Bitwise Bets on Hyperliquid Could Fuel Future Finance as HYPE ETFs Gain Ground

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Latest developments: Bitwise relies on Hyperliquid as one of the cryptocurrency platforms in this cycle. Ryan Rasmussen, head of research at Bitwise, said the company is seeing strong investor interest in its HYPE ETF products following the recent launch of BHYP. Rasmussen said Bitwise differentiates itself by staking HYPE internally to maximize return for ETF

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Hyperliquid’s Pre-IPO SpaceX Contracts Suffer 45% Flash Crash, Liquidating $1.5 Million

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Hyperliquid’s SPACEX-USDH perpetual contract suffered a violent flash crash Thursday afternoon, plunging from a high of $2,277 to a low of $1,254, a collapse of nearly 45%, in a single 30-minute window before partially recovering to around $2,169. The move liquidated 405 users across 1,393 positions, wiping out $1.51 million in notional value, according to

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UniCredit warns Europe may struggle to contain crypto banking crisis under MiCA rules

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Europe may struggle to contain a financial shock linked to crypto companies and banks because its crisis tools are more limited than those used in the United States during the 2023 banking crisis, a senior official at European bank UniCredit said on Thursday. Elena Carletti, UniCredit’s deputy vice president and head of the board’s risk

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Sui Blockchain Suffers Another Network Outage as Transactions Halt

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The Sui Network, a layer 1 blockchain developed by Mysten Labs, experienced a network outage on Thursday after the project declared its mainnet “blocked,” temporarily halting transaction processing. “Sui Mainnet is currently experiencing a network blockage. The Sui Core team is actively working on a solution,” the project posted on X. “Please be aware that

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BTC down again as traditional markets gain following news of impending peace deal

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Axios reported that U.S. and Iranian negotiators had reached a draft 60-day memorandum of understanding to extend the ceasefire and begin negotiations on Iran’s nuclear program, although President Donald Trump has not yet approved the deal. The report follows overnight U.S. airstrikes on an Iranian military site near the Strait of Hormuz, the critical energy

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