Binance blamed the October 10 flash crash on a macro shock colliding with heavy leverage and evaporating liquidity, rather than any breakdown in its trading systems following speculative chatter on social media. In a report released Saturday, the exchange said global markets were already under pressure following trade-war headlines when crypto markets cracked. Bitcoin and…
Crypto prices stayed under pressure on Friday as the U.S. government entered a partial shutdown after lawmakers missed a midnight funding deadline, adding another layer of uncertainty to a market that has already been struggling to find bids. Bitcoin traded around $83,559, up about 1% on the day but down roughly 6.8% over the past…
Tether, issuer of the world’s most popular stablecoin USDT, wrapped up 2025 with a net profit of over $10 billion, the company reported Friday, bolstered by steady growth in its flagship token and growing exposure to U.S. Treasuries and gold. The fourth-quarter attestation, signed by accounting firm BDO Italy, showed Tether holding $6.3 billion in…
The U.S. government is set to partially shut down at midnight, despite the Senate voting in favor of a funding package intended to keep the government running — showing the importance of specificity in prediction market contracts. The House of Representatives is out of session this week, and will not be back until Monday. Because…
Elon Musk’s consideration of a potential merger involving SpaceX, Tesla or artificial intelligence firm xAI has put renewed attention on a lesser-discussed piece of his empire: one of the largest corporate bitcoin holdings in the world. SpaceX and Tesla together hold nearly 20,000 bitcoin, according to public disclosures, a stash worth roughly $1.7 billion at…
Where bitcoin trades from here: Expect patience before the next leg higher. Hougan expects bitcoin to trade sideways between roughly $75,000 and $100,000 in the first half of the year. “There’s still a lot of Bitcoin for sale around $100,000,” he said, pointing to options-market positioning. A breakout is more likely later in the year…
Wall Street’s payments giants are not sold on crypto’s usefulness in everyday transactions — at least not yet. In earnings calls this week, both Visa and Mastercard executives offered cautious assessments of digital assets, especially stablecoins, signalling that consumer demand hasn’t necessarily materialized in meaningful ways. “As I’ve said before, in the U.S., if a…
The knee-jerk reaction to Donald Trump’s pick of Kevin Warsh to replace Jerome Powell as chairman of the Federal Reserve is that the president made the most hawkish selection among the four reported finalists for the job. In the wake of last night’s leak that Warsh was to be the choice, risk markets — crypto…
:Crypto Daybook Americas By Omkar Godbole (All times ET unless indicated otherwise) The crypto market’s beating on Thursday spurred industry heavyweights into “plunge protection” mode, a term for coordinated moves to steady a sinking ship. As bitcoin neared $81,000, the lowest since November, and analysts warned of a deeper drop, Binance sprang into action. The…
Bitcoin BTC$82,746.90 is on track to end January underperforming gold for the sixth straight month as investors ignore the largest cryptocurrency’s “digital gold” moniker and seek the safety of a metal that’s historically been seen as a haven in times of economic and geopolitical turmoil. The bitcoin-to-gold ratio, the amount of gold equivalent to 1…
