By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$88,036.37 rose above $88,000 even after the Bank of Japan increased interest rates to the highest in nearly 30 years, a move that would have been expected to strengthen the yen and make the carry trade less attractive. Instead, the currency weakened on concerns the…
The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion crash, according to the Wall Street Journal. Todd Snyder, tasked with winding down what remains of the crypto empire, is seeking $4 billion in damages from the…
Coinbase (COIN), the crypto exchange that plans to add prediction markets to its platform, is taking legal action in Connecticut, Illinois and Michigan over the states’ attempts to regulate those markets. The company filed lawsuits to “confirm what is clear,” Chief Legal Officer Paul Grewal wrote in a post on X on Friday: that prediction…
Bybit, the second-largest cryptocurrency exchange by volume traded, said it has returned to the U.K. two years after stricter rules around the promotion and marketing of crypto services forced it out. The company, which boasts some 80 million users worldwide, restarted U.K. services including spot trading on 100 currency pairs on Thursday, the company said…
Filecoin FIL$1.2445 gave back earlier gains to trade 1% lower over the last 24 hours. as the storage token underperformed wider crypto markets. The broader market gauge, the CoinDesk 20 index, was modestly higher at publication time, trading up 0.2% at 2,662. Trading volatility intensified as the session progressed, with FIL establishing a $0.08 range…
Bitcoin and ether climbed above key technical levels on Friday, tracking gains in Asian equities after the Bank of Japan raised interest rates to their highest level in three decades and cooling U.S. inflation data revived appetite for risk assets. Bitcoin rose above $87,000 in Asia trading, while ether pushed higher alongside broader market strength,…
XRP advanced 4.26% to $1.85 during Wednesday’s session, recovering sharply from early weakness even as overall participation remained muted. News background Underlying sentiment toward XRP received a modest lift after VivoPower announced a partnership with Lean Ventures to acquire Ripple Labs equity, indirectly providing exposure to nearly $1 billion worth of XRP. The joint venture…
Bitcoin BTC$86,989.56 strengthened as the Japanese yen dropped after the Bank of Japan (BOJ) hiked interest rates as expected. The Japanese central bank raised its short-term policy rate by 25 basis points to 0.75%, the highest level in roughly three decades, continuing the gradual shift away from decades of ultra-loose monetary policy. In the policy…
As President Donald Trump’s opening year wanes in his second administration, he’s finally landed permanent appointments to helm two of the most important U.S. crypto regulators — Mike Selig as chairman of the Commodity Futures Trading Commission and Travis Hill as chairman of the Federal Deposit Insurance Corp. The CFTC is poised to become a…
XRP edged lower during a volatile session, but the decline came alongside sharply elevated volume — a signal that large players were active even as price struggled to hold key technical levels. News background Crypto markets swung sharply Thursday following a softer-than-expected U.S. CPI print, which briefly lifted bitcoin above $89,000 during U.S. hours. That…
