Calling the U.S. the “crypto capital of the world,” Commodity Futures Trading Commission (CFTC) Chairman Mike Selig updated his agency’s ongoing plans to provide long-awaited regulatory clarity for decentralized finance (DeFi) developers, crypto derivatives and prediction markets. Speaking this week at the FIA Global Cleared Markets Conference in Boca Raton, Florida, Selig said the U.S….
Crypto market strength extended into Tuesday, with bitcoin BTC$70,816.15 gaining by 3.9% since midnight UTC to trade at $71,000 while ether (ETH) is back above $2,000, a level it recently had problems surpassing. Crypto was not alone in its ascent. U.S. equities and precious metals also after U.S. President Donald Trump said the war in…
Pudgy Penguins shipped its flagship game to the general public on Monday, and the most notable thing about it is that you wouldn’t know it had anything to do with crypto unless someone told you. Pudgy World, the browser-based game first announced at Art Basel in late 2023, went live with 12 unique towns across…
Zcash Open Development Lab (ZODL), a new development group formed by the former core team of the Electric Coin Company (ECC), has raised more than $25 million in seed funding to continue building the privacy-focused cryptocurrency ecosystem. The round drew support from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Chapter One, Balaji Srinivasan…
If the crypto industry manages its top priority to get its market structure legislation through the U.S. Senate and to the desk of President Donald Trump, he might not sign it if he holds true to threats he’s been making to withhold his signature from any other legislation before the elections bill. Trump, in the…
Crypto assets traded higher during the U.S. session on Monday, rebounding from sharp overnight losses that had brought bitcoin BTC$68,153.83 down to nearly $65,000. Bitcoin was trading just shy of $69,000 at midday up 2.5% over the past 24 hours, while ether (ETH) reclaimed the $2,000 level, ahead 4% over the same time period. Among…
Already on a tear ahead of the war in Iran, Circle (CRCL) might be an unlikely beneficiary of the conflict. The stock rose 10% on Monday, outperforming other crypto-linked equities, with the shares now up by 86% over the past month, though they remain sharply lower since their peak post-IPO frenzy last summer. Japanese bank…
A wild 24 hours continued in all markets after President Trump said the war against Iran could be over soon. The action against Iran is “very far ahead” of what was expected to be a four-to-five-week time frame, said Trump in late-afternoon comments. He is expected to give updates on the situation at 5:30 pm…
Bitcoin BTC$68,789.92 may gain if a potential U.S.-Iran conflict stretches on for months as higher government spending, rising debt and lower interest rates create conditions that have historically supported the cryptocurrency, according to macrostrategist Mark Connors. Wars are expensive, and financing them typically requires governments to issue more debt, said Connors, formerly the head of…
BitMine Immersion Technologies (BMNR), the largest Ethereum-focused treasury firm, purchased 60,976 ether (ETH) through last week, increasing the pace of accumulation as the firm bets crypto prices are nearing the end of what it calls a “mini winter.” The latest purchase, worth some $120 million at current prices, lifted BitMine’s ETH holdings to over 4.5…
