The crypto rally is took a pause on Tuesday ahead of Wednesday’s Federal Reserve decision. After briefly topping $76,000 overnight, bitcoin BTC$74,262.44 pulled back to around $74,000 during the U.S. session, modestly higher over the past 24 hours. Crypto stocks mostly booked modest gains, with stablecoin issuer Circle (CRCL), bitcoin miner Bitdeer (BTDR) standing out…
WASHINGTON, D.C. — The Senate’s stalled crypto market structure bill is making progress behind-the-scenes, the chairman of the body’s Banking Committee said Tuesday. Senator Tim Scott, who heads the banking panel overseeing the market structure bill, said at the Digital Chamber’s DC Blockchain Summit that lawmakers may see a new draft of at least stablecoin…
Strategy (MSTR) has, for the first time last week, used its perpetual preferred stock as the primary vehicle to accumulate bitcoin, marking a potential shift in how the company funds its bitcoin strategy. The company Monday announced it purchased 22,337 BTC in the preceding week, its fifth-largest acquisition on record. Issuance through its STRC perpetual…
Mastercard’s planned $1.8 billion acquisition of stablecoin infrastructure firm BVNK is reinforcing a growing view on Wall Street that stablecoins are moving from a niche crypto tool to a core layer of global payments. Analysts say the deal signals a shift in how traditional financial networks see blockchain-based money movement. “Stablecoins are integral to the…
Arizona Attorney General Kris Mayes filed criminal charges against Kalshi Tuesday, charging the prediction markets platform with operating an unlicensed gambling business and offering election wagering in the state, actions she said violated the state’s laws. Mayes charged KalshiEx LLC and Kalshi Trading LLC with 20 counts, alleging the platform accepted bets from Arizona on…
For much of the last three years, a predictable cycle dominated the market: companies announced their intentions to purchase massive volumes of Bitcoin, watched their stock prices soar to a premium and issued new shares to buy more Bitcoin. This feedback loop made Bitcoin accumulation look like an “infinite money glitch”: a guaranteed way for…
Phantom, a developer of self-custodial crypto wallets particularly popular in the Solana ecosystem, secured a no-action letter from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to offer users access to certain regulated derivatives markets without registering as a broker. In a statement Tuesday, the CFTC’s Market Participants Division said it would not recommend…
Crypto trading firm GSR said Tuesday it acquired Autonomous and Architech for $57 million, expanding into token advisory and capital markets services. Autonomous will keep its brand and focus on token launch operations, while Architech will anchor a new unit, GSR Digital Asset Advisory. The group will work alongside GSR’s trading, liquidity and asset management…
Ripple, the payments-focused blockchain company closely associated with the XRP Ledger (XRP) network, is expanding its digital asset services in Brazil while preparing to apply for a license with the country’s central bank, a move that would place it under the nation’s new crypto framework. The company said Tuesday it is rolling out a broader…
By Omkar Godbole (All times ET unless indicated otherwise) While bitcoin’s BTC$74,091.65 price rise since the Iran conflict began more than two weeks ago is impressive, the performance of Hyperliquid is even more notable. Users of the decentralized perpetuals exchange have traded millions in commodity futures, particularly those tied to oil, highlighting the utility of…
