Institutional demand for bitcoin appears to be cooling after a strong start to the month. On Thursday, investors withdrew a combined $171.12 million from the 11 U.S.-listed spot bitcoin exchange-traded funds, marking the largest single-day outflow in just over three weeks, according to data from SoSoValue. BlackRock’s IBIT saw $41.92 million in outflows, while funds…
Ukraine has complicated President Donald Trump’s efforts to stabilize oil markets amid the Iran war, amplifying risks for financial markets, including cryptocurrencies. For nearly a month, markets have been gripped by a single concern: the Iran war. Disruptions in the Strait of Hormuz – a critical oil chokepoint – have driven prices sharply higher, stoking…
Sharp late-session selling and rising leverage suggest a bigger move is coming, with downside risk building. Source link
Bitcoin fell to $68,507 on Friday morning, down 3.2% over the past 24 hours and 2.7% on the week, after a familiar pattern played out for the fifth consecutive week: a de-escalation headline followed immediately by an escalation headline. U.S. president Donald Trump extended his deadline for Iran to reach a ceasefire deal by 10…
The New York Stock Exchange (NYSE) is focused on integrating blockchain technology into existing market infrastructure rather than replacing it, according to chief product officer Jon Herrick. The exchange is “striving for interoperability” and “building on top of what exists,” as it explores how tokenized assets could function within current systems, Herrick said. That approach…
Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR), the world’s largest corporate holder of bitcoin, reclaimed its $100 par value during Thursday’s trading session, giving the company the leeway to raise funds to add to its stash of the largest cryptocurrency. The recovery took nine trading days following the March 13 ex-dividend date,…
White House AI and Crypto Czar David Sacks is changing titles and joining the President’s Council of Advisors on Science and Technology as co-chair, he announced Thursday. Sacks, who was named U.S. President Donald Trump’s crypto and AI czar before Trump retook office last January, has overseen the White House’s early work on crypto initiatives,…
GameStop’s (GME) massive, $420 million bitcoin BTC$68,726.84 transfer earlier this year was not an exit – but it’s not holding the coins anymore either. In its annual report filed Tuesday, the video game retailer revealed that 4,709 BTC – out of its 4,710 coins – had been pledged to crypto exchange giant Coinbase (COIN) as…
U.S. Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, is questioning the limited “master account” obtained by crypto exchange Kraken from the Federal Reserve Bank of Kansas City, which she said raises potential consumer-protection issues and questions about the approval process. Waters, who is likely to return to the chairman seat…
Bitcoin BTC$69,016.53 pared earlier losses Thursday afternoon after U.S. President Donald Trump said he would extend a pause on attacks against Iran’s energy infrastructure. In a Truth Social post, Trump said the pause will now be 10 days, citing ongoing diplomatic talks. “As per Iranian Government request… I am pausing the period of Energy Plant…
