If approved, the ETFs could begin trading as early as September. While regulatory approval is not guaranteed, the filing signals growing institutional comfort with marrying traditional equities and cryptocurrency in regulated wrappers. These filings follow the recent debut of BlackRock’s Income ETF, which allows institutions to monetize cryptocurrency’s volatility. The 11 spot bitcoin ETFs in…
The digital credit market suffered one of its sharpest selloffs to date on Thursday, with Strive Asset Management CEO Matt Cole describing the move as a leverage-driven liquidation rather than a sign of weakening credit fundamentals. Cole said it was “the most difficult day in the history of Digital Credit,” in a post on X,…
The wallet-stealing component monitors Windows’ clipboard, the hidden temporary memory used for copy-and-paste operations, roughly every 500 milliseconds. When a user copies a crypto wallet seed phrase or a private key for a Bitcoin or Ethereum wallet, the malware captures that data and sends it to the attacker’s server over the Tor network, an open-source…
A hawkish Federal Reserve is bolstering the U.S. dollar, bitcoin ETFs have seen persistent outflows, and Strategy, the largest publicly listed bitcoin holder, faces mounting pressure. Strategy’s preferred stock, STRC, has plunged to record lows well below its $100 par value, complicating the company’s aggressive bitcoin accumulation strategy. Arca CIO Jeff Dorman highlighted the precarious…
Bitcoin has spent five straight months trading below what it costs to produce, squeezing miners and forcing some to sell, JPMorgan said in a note. The bank pegs the cost to mine one bitcoin at about $78,000, well above the roughly $62,500 the asset fetches now. The strain is showing and about 20% of miners…
XRP gave back more of last week’s rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20. The decline came on some of the session’s heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for…
CME Chief Executive Terrence Duffy said the derivatives provider planned to sue the U.S. Commodity Futures Trading Commission (CFTC) after it approved perpetual futures products earlier this month. The CFTC’s approval of Kalshi’s perpetual futures product did not meet the requirements of the Dodd-Frank Act governing swaps, he told CNBC on Wednesday. “Under the Dodd-Frank…
It was the first decision under new Chairman Kevin Warsh, who said there had been rigorous debate before the vote and vowed the central bank would deliver price stability. A more hawkish Fed means tighter financial conditions, which tend to drain the liquidity that fuels risk assets like crypto. Stocks took the week’s news better,…
Malta’s financial regulator is exploring how decentralized finance (DeFi) could fit within the European Union’s Markets in Crypto-Assets (MiCA) framework, focusing on governance, accountability and the meaning of “full decentralization.” The Malta Financial Services Authority (MFSA) said that while MiCA excludes cryptocurrency services provided in a “fully decentralised manner without any intermediary,” many DeFi projects…
The crypto market slipped a day after the Federal Reserve raised expectations that U.S. interest rates are headed higher. Bitcoin BTC$62,950.26, the largest cryptocurrency by market capitalization, was changing hands near $63,900, down more than 1% over the past 24 hours. Other major tokens, including XRP (XRP), ether (ETH), BNB coin BNB$578.80 and solana (SOL),…
