The Senate Committee on Banking, Housing and Urban Development included a provision temporarily barring the Federal Reserve from issuing a central bank digital currency in its bipartisan bill to boost housing in the U.S. The “21st Century ROAD to Housing Act,” introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, respectively the…
After dipping over the weekend as the U.S. began strikes against Iran, bitcoin BTC$69,180.48 shot higher on Monday, at one point nearing $70,000 before pulling back to the current $69,000. While any rally in bitcoin is welcome by the bulls, today’s move comes after a relentless months-long slide that has halved the price and weighed…
By Omkar Godbole (All times ET unless indicated otherwise) The conflict between U.S., Israel and Iran remains the day’s biggest story as the attacks intensify and spread. Markets reacted as they typically do: by de-risking and sending oil prices higher. Bitcoin BTC$66,024.52 dropped to $66,300, down 0.5% over 24 hours, having hit a high of…
Hong Kong is doubling down on its role as China’s financial bridge, signing a new agreement with Shanghai authorities to build cross-border blockchain rails for cargo trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain, announced Monday afternoon…
Hyperliquid’s HYPE token outperformed bitcoin BTC$66,826.12 and the broader market as traders flocked to the decentralized exchange over the weekend, placing bullish bets on TradFi-linked futures amid escalating Middle East tensions. HYPE has climbed more up to 5% in the past 24 hours, as exploding platform activity led to higher token burn rate, countering fears…
The mood around digital assets has shifted again among the world’s largest allocators, according to Ron Biscardi, CEO of iConnections, which runs one of the largest capital introduction conferences globally. Biscardi, who has spent more than 25 years in the alternative investment industry and runs a platform that represents over $55 trillion in assets, has…
Leading bitcoin BTC$66,807.38 treasury company Strategy has again raised the dividend on its STRC (“Stretch”) preferred series. Led by Executive Chairman Michael Saylor, the firm lifted the annualized payout by 25 basis points to 11.5%. While STRC to this point has performed as hoped by the company — continuing to trade in a tight range…
It took Polymarket less than 24 hours to turn a Middle Eastern war into an active trading floor. Since the U.S. and Israel launched strikes on Iran Saturday, the prediction market has seen a flood of new contracts covering everything from ceasefire timelines to whether the Iranian regime will collapse by June. The speed and…
Crypto markets snapped back hard on Sunday after spending Saturday pricing in what looked like the start of a prolonged regional war. Bitcoin climbed to $66,843, up 5.2% over the past 24 hours, recovering most of the losses from Saturday’s slide below $64,000 after U.S. and Israeli strikes on Iran. The bounce accelerated after Iranian…
Fresh U.S. and Israeli strikes on Iran have drawn new attention to a financial network Tehran has built in parallel to its battered banking system: bitcoin mining and a fast-growing stablecoin economy. Iran legalized crypto mining in 2019, allowing licensed operators to use subsidized electricity in exchange for selling mined BTC to the central bank….
