BlackRock’s head of digital assets warns leverage-driven volatility risks undermine b itcoin’s institutional narrative

NEW YORK — While BlackRock’s iShares Bitcoin ETF (IBIT) is among the most successful product launches in Wall Street history, the crypto market’s growing reliance on leverage could be doing long-term damage to bitcoin’s BTC$70,413.42 institutional appeal, according to Robert Mitchnick, head of digital assets at BlackRock. During a conversation with Anthony Pompliano and investor…

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Wall Street remains bullish on bitcoin (BTC) price while offshore traders retreat

A divergence in global bitcoin BTC$70,413.42 market sentiment is widening as U.S. institutional investors hold steady while offshore traders retreat from their positions. The gap is clearest in futures markets. CME, the go-to platform for hedge funds and institutional desks in the U.S., shows traders are still paying a premium to stay long on bitcoin,…

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Mirae Asset to Buy Controlling Stake at Korea’s Korbit Exchange for $93M

Mirae Asset Consulting, an affiliate of South Korean multinational financial services company Mirae Asset Group, has agreed to acquire a controlling stake in local crypto exchange Korbit. The company plans to purchase 26.9 million shares of Korbit for 133.48 billion won (about $93 million), a transaction that would give it a 92.06% ownership interest in…

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Senators Urge CFIUS Probe of $500M UAE Stake in Trump-Linked WLFI

Two US senators are pressing the Treasury Department to investigate a reported foreign investment in a crypto venture tied to the Trump family, raising concerns about national security, foreign influence and access to sensitive financial data. In a Friday letter to Treasury Secretary Scott Bessent, Massachusetts Senator Elizabeth Warren and New Jersey Senator Andy Kim…

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