A venture capitalist who has spent a decade backing deep-tech and quantum hardware startups says the bitcoin BTC$73,502.13 industry is fixated on the wrong half of the quantum problem, the wallet keys instead of the encrypted messages already moving between exchanges, bridges and custodians today. “The financial system’s most dangerous vulnerability isn’t stored data, it’s…
The S&P 500’s longest weekly winning streak since 2023 and Brent crude settling near $92 on U.S.-Iran ceasefire hopes have failed to pull bitcoin BTC$73,473.57 and ether (ETH) higher, with the two largest cryptocurrencies finishing the week down nearly 3% as cooling spot bitcoin ETF inflows reinforced the pullback. The S&P 500 posted its ninth…
Disclosure: The author of this story owns shares in Strategy (MSTR). Strategy’s perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin BTC$73,461.99 slipped to the $73,000 mark. STRC tends to face selling pressure during bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on Nov. 20…
Bitcoin BTC$73,473.04 added as much as 0.4% since midnight UTC on Friday and was recently just 0.07% higher after slumping to its lowest level since early April the day before. Thursday’s drop extended a decline that has emerged over the past three weeks after a failed attempt to climb above $83,000. There is now a…
U.S. spot bitcoin ETFs have now recorded nine consecutive trading days of net outflows, marking the longest withdrawal streak since the products listed in January 2024. SoSoValue data Over the nine-session run, investors pulled roughly $2.8 billion from the funds, surpassing any previous period of sustained selling pressure. U.S. spot bitcoin ETFs have shed approximately…
Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange (ICE), called the decentralized perpetual futures venue Hyperliquid “bigger than NASDAQ” at a Bernstein conference this week and disclosed his team has met its founders multiple times, a sign that U.S. exchange incumbents are no longer treating crypto-native trading platforms as fringe. “This Hyperliquid that we’re…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1975.1, down 0.8% (-14.99) since 4 p.m. ET on Thursday. Three of the 20 assets are trading higher. Leaders: NEAR (+1%) and HBAR (+0.5%). Laggards: TAO (-4%) and ICP…
This morning, the Commodity Futures Trading Commission (CFTC) took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange. In doing so, the Commission charted a path for one of the most liquid segments of the crypto asset markets to exist within the U.S. regulatory framework. Having true perpetual…
JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address concerns from traditional banks over stablecoin regulation. In an interview with Maria Bartiromo on Fox Business, Dimon appeared frustrated by the direction…
The most recent of the floated Middle East peace deals appears to have more legs than the dozen or so previous ones. Stocks continue to gain, bond yields are easing, and oil has fallen back to close to a three-month low. No bit of news, though, has been able to lift crypto prices. Bitcoin (BTC)…
