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Dips below $90,000 as AI bubble worries weigh on tech stocks

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Artificial intelligence-focused stocks are under pressure on Friday, dragging down tech and bitcoin-related stocks. BTC$90,238.80 lower at the start of the American session. Chipmaker Broadcom (AVGO), the ninth-largest asset by market capitalization, fell 10% despite strong earnings as its outlook disappointed investors’ high expectations. The Nasdaq index was down more than 1% in the first […]

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Phantom Adds Kalshi to Its Wallet and Allows Users to Trade Prediction Markets with Solana Tokens

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Crypto wallet Phantom is rolling out prediction markets for its 20 million users through a partnership with Kalshi, the US-regulated event exchange, the company announced Friday. The feature will allow Phantom users to trade on real-world outcomes such as US elections, macroeconomic events or cryptocurrency prices without leaving the wallet interface. Phantom also introduces a

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Supported, Chainlink Unveils xBridge to Move Tokenized Stocks Between Solana and Ethereum

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Backed Finance introduces xBridge, a new cross-chain bridge designed to move tokenized stocks across blockchains without losing track of stock splits, dividends or other corporate actions. Unveiled at Solana Breakpoint and built in partnership with Chainlink, xBridge allows users to transfer tokenized stocks, called xStocks, between Ethereum and Solana, according to an emailed announcement Friday.

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Poland resubmits vetoed crypto law to align with EU rules amid Russia-related threats.

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The Polish government has reintroduced a cryptocurrency bill that President Karol Nawrocki vetoed last week, with Prime Minister Donald Tusk urging him to sign the legislation to mitigate what officials see as national security threats linked to Russia and other former Soviet states, Rzeczpospolita reported. The bill, officially known as the Crypto-Asset Market Law, would

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YouTube Now Allows US Content Creators to Get Paid with PayPal Stablecoin: Fortune

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YouTube has allowed U.S. content creators to receive their earnings in PayPal’s PYUSD stablecoin (PYPL), according to a Fortune report, citing May Zabaneh, head of crypto at PayPal. “The beauty of what we’ve built is that YouTube doesn’t need to touch crypto and so we can help eliminate that complexity,” Zabaneh said. She added that

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US SEC gives implicit green light to tokenized stocks

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The United States Securities and Exchange Commission (SEC) has implicitly permitted the tokenization and trading of certain stocks and other securities on blockchains. (DTCC), the world’s largest securities settlement system, said Thursday that a subsidiary, Depository Trust Co. (DTC), has received a no-action letter allowing it to offer tokenization service on approved blockchains for three

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Bitcoin (BTC) Price Volatility Meltdown: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Bitcoin BTC$92,278.95the leading cryptocurrency by market value, continues to trade directionless above $90,000, with implied volatility collapsing as the end of the year approaches. Volmex’s BVIV, which tracks 30-day implied volatility based on Bitcoin options, fell to an annualized rate of 45.10%, the lowest since November

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Bitcoin treads water after Fed cut as Altcoin crisis deepens

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The crypto market remained volatile on Friday with bitcoin BTC$92,398.17 after spending the last seven days stuck between $88,000 and $94,000 in a week dominated by the Federal Reserve’s decision to cut interest rates by 25 basis points. Interest rate cuts are generally seen as bullish catalysts for risky assets like bitcoin, as investors have

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Standard Chartered (STAN) and Coinbase (COIN) Expand Crypto Prime Services for Institutions

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Cryptocurrency exchange Coinbase (COIN) and crypto-friendly bank Standard Chartered (STAN) said they have expanded their digital assets partnership to explore the development of trading products, premium services, custody, staking and lending for institutional clients. The agreement builds on the existing partnership between the two companies in Singapore, where Standard Chartered provides banking connectivity that enables

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