Risk markets are taking new legs lower on Friday morning after U.S. President Donald Trump seemingly quashed any chance of some sort of negotiated settlement with Iran. “There will be no deal with Iran except UNCONDITIONAL SURRENDER,” said the president in a Truth Social post. The news sent WTI crude oil to a multi-year high…
Binance, via its lawyers, told a U.S. Senate investigation it found no evidence that accounts on its platform transacted directly with Iranian entities, refuting allegations that $1.7 billion in crypto flowed through the exchange to Iran-linked groups. In a March 6 letter responding to inquiries from Sen. Richard Blumenthal’s (D-Conn.) Permanent Subcommittee on Investigations, the…
Bitcoin’s move to a one-month high of $74,000 this week triggered a wave of profit-taking from short-term traders, according to data from CryptoQuant. The largest cryptocurrency is trading around $69,000 after losing momentum from Wednesday’s break above $70,000. CryptoQuant analyst Darkfost explains that short-term holders transferred more than 27,000 BTC ($1.8 billion) to exchanges in…
Bitcoin briefly pushed toward $74,000 this week, buoyed by a string of bullish developments that have tied the crypto industry ever closer to traditional finance. Some market observers began calling this a bullish rally, with one analyst even saying that the new run ‘has legs.’ Yet the rally didn’t last. By the end of the…
AI is infiltrating every layer of society, finance included. What began as asking ChatGPT about your deepest money worries has rapidly evolved into agents capable of reasoning, executing and coordinating across markets with minimal human intervention. The pace of change at the intersection of AI and finance is daily, not weekly. Goldman Sachs has warned…
Cracks in the global private credit market are rattling investors, raising concerns the stress could spill into crypto markets. Bloomberg reported Friday that BlackRock’s $26 billion private credit fund has begun limiting withdrawals amid rising redemption requests. The move follows similar stress at Blue Owl, which sold $1.4 billion in loans last month to meet…
Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, clearing the way for the bitcoin BTC$70,108.81 financial services firm to operate in the state. “Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, founder and CEO of Strike. “With our BitLicense, we can now…
Bitcoin BTC$70,614.48 and global equity markets have stabilized after an early-week sell-off and oil price spike that was triggered by the outbreak of military conflict between the U.S., Israel, and Iran. Bond markets, however, are signaling caution, as rising yields signal renewed inflation concerns and dwindling bets on Fed rate cuts. BTC, the leading cryptocurrency…
Crypto exchange OKX, which was just valued at $25 billion after a strategic investment from New York Stock Exchange (NYSE) parent Intercontinental Exchange (ICE), is launching a social network built directly into its trading app, the latest example of social media and digital asset platforms converging as traders increasingly rely on online communities for market…
The U.S. Federal Reserve and other regulators told bankers that they need to maintain the same amount of capital to back tokenized securities as they do regulator securities. “The technologies used to issue and transact in a security do not generally impact its capital treatment,” according to the agencies, also including the Office of the…
