Bitcoin BTC$68,353.28 snapped back near $69,000 on Wednesday, rallying more than 10% from Tuesday’s low as crypto markets staged a broad relief rally after a prolonged stretch of pessimism. Ethereum’s ether (ETH), DOGE$0.1021, native tokens of Solana (SOL) and ADA$0.3006 all posted double-digit gains, extending a move that caught many traders leaning the wrong way….
MIAMI BEACH — Bitcoin’s BTC$69,137.23 recent slide has frustrated investors who expected a smoother ride after a wave of institutional milestones, but Adam Back, one of the early cypherpunks cited in bitcoin’s 2008 white paper, said the volatility should not surprise long-time observers. “Bitcoin is generally volatile,” Back said at the iConnections conference in Miami…
Kalshi, one of the leading prediction market firms, said it caught and penalized two users for insider-trading activity on its platform, including an editor for the popular social-media star MrBeast. The company said it has more than a dozen active insider-trading cases among 200 it’s investigated. On Wednesday, Kalshi disclosed the details of two that…
Hi readers, Welcome to our institutional newsletter, Crypto Long & Short. This week: Gregory Mall on how ETFs have shifted a growing share of bitcoin volatility into U.S. equity options markets Top headlines institutions should pay attention to by Francisco Rodrigues Mid-caps show surprising strength in Chart of the Week Thanks for joining us! -Alexandra…
Tether USDT$1.0003, the world’s largest stablecoin by market value, continues to shrink and looks set for a second straight monthly contraction, signaling challenging conditions for a sustainable broader market recovery. Tether’s market capitalization has dropped by 0.8% to $183.61 billion this month, extending January’s 1% slide from a record $186.84 billion, according to data source…
Bitcoin BTC$65,248.69 reclaimed $65,400 early Wednesday as a weaker U.S. dollar and a risk-on tone across Asian equities gave crypto markets their first clean bounce in weeks. The broader crypto market cap had slipped to $2.19 trillion earlier this week, practically retesting the lows hit during the Feb. 5 crash. That proximity is what makes…
SAN FRANCISCO, CA – Crypto isn’t just building faster payments rails. It may be building the financial system for non-humans. As AI agents grow more autonomous, developers are already giving them crypto wallets, allowing software to hold assets, pay for services, trade tokens and even hire other agents. The technical pieces are falling into place….
The U.S. Treasury Department has sanctioned a Russian company, Operation Zero, and the individuals behind it after accusing them of buying stolen cyber tools for millions in cryptocurrency and re-selling those technologies, which were created to be used by the U.S. government. The tools bought and sold by newly sanctioned Sergey Sergeyevich Zelenyuk and his…
Crypto exchange Kraken is launching what it calls the first regulated perpetual futures contracts based on tokenized stocks, the firm told CoinDesk. The products, available to eligible non-U.S. users in more than 110 countries, track digital versions of major U.S. stocks, indices and a gold ETF, building on the tokenized equities offering of xStocks that…
High-frequency trading powerhouse Jane Street is accused of insider trading that accelerated the downfall of crypto project Terraform Labs in 2022, which destroyed billions in investor wealth. Todd Snyder, the administrator winding down Do Kwon’s Terraform Labs, has sued Jane Street, seeking damages from its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang,…
