Key takeaways: A whale linked to asset manager Fasanara Capital holds a $38 million crypto short position, but will it impact Bitcoin’s price? Negative futures funding rates at Binance and Bybit point to unusual demand for bearish positioning despite BTC’s recent price gains. Bitcoin (BTC) struggled to trade above $78,000 on Friday, but the overall…
Prediction markets have a consistent line: their products are financial instruments, not bets. Wisconsin isn’t buying it, and in a new complaint targeting Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com, the state is citing the companies’ own marketing to call them unlicensed gambling venues. “Thinly disguising unlawful conduct doesn’t make it lawful,” Attorney General Josh Kaul…
Somebody is buying $2.1 billion of bitcoin through ETFs. Somebody else is using that bid to get out. U.S. spot bitcoin ETFs have now logged eight straight days of inflows totaling $2.10 billion through April 23, per SoSoValue. That is the longest streak since the nine-day October 2025 run that took bitcoin to its $126,000…
The U.S. government is holding an unrealized gain of roughly $26.5 billion on its Intel (INTC) stake after the chipmaker’s shares jumped more than 22% in pre-mrket trading on Friday, following a stronger-than-expected first-quarter earnings report. The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants…
The U.S. Commodity Futures Trading Commission sued New York on Friday in its latest action to shield what the agency has argued is its unassailable nationwide regulatory authority over prediction market firms. Earlier this week, New York sued Coinbase and Gemini, arguing that their prediction market contracts violated state gambling laws. And last year, the…
Bitcoin BTC$77,606.49 held above $77,000 on Friday, consolidating after hitting its strongest level since early February earlier in the week. The largest cryptocurrency is up about 13.6% in April, putting it on track for its best monthly performance in a year, according to CoinGlass data. The rebound follows a rough stretch, with crypto markets logging…
The U.S. Treasury Department said Friday that a $344 million cryptocurrency freeze is part of its latest effort to disrupt financial networks tied to Iran. Treasury Secretary Scott Bessent said in an X post that the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning multiple crypto wallets linked to Iran, resulting in the freeze…
The quantum attack Bitcoin has spent years treating as tomorrow’s problem just got a little less theoretical. Quantum security startup Project Eleven said it awarded its 1 bitcoin BTC$77,572.57 Q-Day Prize to independent researcher Giancarlo Lelli on Friday after he broke a 15-bit elliptic curve key on publicly accessible quantum hardware, deriving a private encryption…
Jane Street asked a U.S. court to dismiss a lawsuit brought by the bankruptcy estate of Terraform Labs, rejecting claims that the trading firm helped trigger the 2022 collapse of the TerraUSD (UST) stablecoin and its sister token Luna. In two filings submitted Thursday to the Southern District of New York, Jane Street and several…
President Donald Trump’s command of U.S. financial and economic policy may have taken a step closer now that his Department of Justice has backed down from an investigation of Federal Reserve Chair Jerome Powell, meaning his nominee to replace Powell may now have an open path to confirmation. Fed chair nominee Kevin Warsh, whose own…
