The cryptocurrency market is enduring a sharp narrative shift, but the real growth is happening away from the spotlight, according to the co-founder of Solana-native yield protocol Solstice Labs. Ben Nadareski argued that the industry’s biggest asset is experiencing structural confusion in an interview with CoinDesk onvTuesday. “Bitcoin BTC$67,671.35 is going through a bit of…
Latest developments: Vaynerchuk said businesses should approach AI with curiosity rather than fear as the technology reshapes industries. He compared the current AI moment to the early internet era, arguing many companies risk underestimating the shift. Vaynerchuk said organizations that resist tools like AI-generated content and automation risk disruption more than those that adopt them….
Franklin Templeton is expanding its digital asset strategy through a new partnership with MoonPay that will allow institutional investors to move between stablecoins and the asset manager’s tokenized money market fund through an onchain workflow. The integration connects Franklin Templeton’s Benji Technology Platform with MoonPay Trade’s infrastructure, creating a pathway for eligible institutions to exchange…
Crypto markets continue to bleed lower, with bitcoin (BTC) leading the way following Strategy’s (MSTR) disclosure of a small BTC sale on Monday. “The funny thing is that the forced selling in crypto hasn’t even started yet,” wrote Wazz on X Tuesday morning. Whether right or wrong, Wazz, in the space of a few words,…
Bitcoin BTC$69,482.04 slipped below $70,000 for the first time in two months, leaving cryptocurrency markets vulnerable ahead of a week of important U.S. economic data that could determine the direction of the next move for risk assets. The largest cryptocurrency has lost more than 4.45% in the past 24 hours, and was recently trading near…
Bitcoin BTC$69,512.54 fell to its lowest level since April 7 on Tuesday, breaking below $70,000 in a downswing that has accelerated sharply since Sunday. Seven of the past eight four-hour candles have closed red, leaving the largest cryptocurrency down more than 2% since midnight UTC. The move was compounded by growing unease over Strategy’s (MSTR)…
MoneyGram announced Tuesday it had launched its own U.S. dollar-backed stablecoin on the Stellar (XLM) blockchain, joining a growing wave of global payments companies and banks building products around digital dollars. The stablecoin, dubbed MGUSD, will be embedded into the MoneyGram app, allowing customers to hold a dollar-denominated balance in a self-custodial wallet and transfer…
U.S. spot bitcoin ETFs have suffered their largest and longest withdrawal streak on record, with investors pulling roughly $3.45 billion across 11 consecutive trading sessions as bitcoin slid toward $70,000, according to data provider SoSoValue. The 11-session run, which began May 15, marks the longest stretch of net redemptions since the funds debuted in January…
Bitcoin BTC$70,165.37 extended its slide below $71,000 in early Asian hours Tuesday, down 3.4% in the past 24 hours and 7.5% on the week, as the aftermath of Strategy’s first disclosed bitcoin sale weighed on the market while stocks paused at record highs and oil pushed further on the stalled U.S.-Iran ceasefire negotiations. BTC traded…
Disclosure: One of the authors of this story owns shares in Strategy (MSTR). Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$70,749.92, sold some of its holdings for the first time in four years to fund dividend payments on STRC, its perpetual preferred stock, known as Stretch. The company sold 32 bitcoin between May…
