XRP holds $1 support as network activity rises and leverage clears out
XRP is no longer getting hit by the same crowded leverage that drove the selloff from its highs, but buyers still have not done enough to change the chart.
Digital Assets
Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory
The 52-week rolling correlation coefficient between Coinbase's BTC/USD pair and the USD/JPY pair from the currency markets now stands at -0.90, according to data source TradingView. That's the most ne…
Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar
The leading cryptocurrency by market value traded below $60,000, holding below the pivotal 200-week simple moving average.
Ether, solana and dogecoin slide as Strategy's bitcoin sales plan pressures market
Bitcoin traded around $59,514, down 0.3% over 24 hours and 7% on the week, per CoinDesk data, holding below its 200-week moving average, the average price over roughly the past four years and a long-t…
Securitize heads to NYSE debut after investors approve SPAC merger
Securitize, a tokenization specialist backed by BlackRock, said Monday it cleared a final major hurdle to becoming a public company after shareholders of Cantor Equity Partners II (CEPT) approved the …
JPMorgan backs U.S. crypto bill but warns of risks in digital asset framework
JPMorgan said it is backing efforts to establish a U.S. regulatory framework for digital assets, but placed as much emphasis on the risks of crypto as the opportunities.
Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank
What was once dominated by lightly regulated crypto lenders is increasingly adopting the conventions of traditional finance, including conservative collateral management, greater transparency and more…
White House to speak with law enforcement groups to push Crypto's Clarity Act
The White House has invited law enforcement organizations objecting to the language of the U.S. Senate's crypto market structure bill to sit down for a meeting on Monday, according to a person briefed…
MiCA July 1 deadline could leave 10 million crypto users searching for a new platform in the EU
The European Union's (EU) July 1 Markets in Crypto-Assets (MiCA) deadline could leave more than 10 million users looking for a new platform, Alex Fazel, chief partnership officer at Swissborg, told Co…
Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.
Crypto projects losing millions due to exploits and hacks are becoming almost daily headlines. So much so that some of this news had almost become background noise.
Ripple wants institutions to borrow against tokenized assets on XRPL
Ripple is pushing to add a lending layer to the XRP Ledger, the blockchain behind XRP, in a bid to let institutions borrow against assets they hold onchain rather than just issue and move them.
Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein
The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting and financial markets, according to Wall Street br…
J.P. Morgan broadens blockchain settlement network as banks modernize cross-border payments
J.P. Morgan has expanded the number of currencies supported by its Kinexys blockchain payments platform, a move that could make it easier for multinational companies to move money between countries at…
FundBank becomes IRACE Digital in bid to bridge traditional finance and crypto
*** NOT FOR PUBLICATION - EMBARGOED TILL 7.30AM ET JUNE 29 *** FundBank Group, an institutional banking provider focused on asset managers and funds, has rebranded as IRACE Digital and acquired Cayman…
Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend
Strategy (MSTR) unveiled a new Digital Credit Capital Framework on Monday, introducing a series of capital management initiatives designed to strengthen its preferred securities, preserve long term bi…
Dollar, U.S. Treasury yield market positions may carry glimmer of hope for bitcoin
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Strategy opens the door to selling bitcoin under new capital plan. Here's what it means
The world's largest publicly traded company holding bitcoin, Strategy (MSTR), has authorized a new bitcoin monetization program, giving the company the flexibility to sell a portion of its bitcoin hol…
Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC
BNY, the world's largest custody bank overseeing $59 trillion in assets, is deepening its ties with Circle (CRCL) as the Wall Street bank ramps up its stablecoin services.
Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown
The price of Tether's USDT, the largest dollar-pegged stablecoin, has climbed to more than 8.5% above its dollar value on Indian platforms after a government crackdown on crypto payment firms choked o…
Europe’s unlicensed crypto firms face ‘wipeout’ as MiCA deadline hits
European cryptocurrency firms that have failed to obtain a Markets in Crypto Assets (MiCA) license face a deadline this week that could wipe out a large proportion of the market.
Crypto analytics firm Chainalysis proposes standards for blockchain tracing
Tracking funds on a blockchain has typically required specialized tools, and the process can sometimes be opaque, but crypto analytics firm Chainalysis is taking a swing at solving that problem.
Ukraine transfers $8.3 million in seized crypto amid potential plans for strategic reserve
Ukraine has transferred seized cryptocurrency into state management for the first time in its history, according to the country's Prosecutor General's Office.
Bybit and OKX Report Higher User Bitcoin Holdings
The latest Proof of Reserves reports from Bybit and OKX show user Bitcoin holdings increased by more than 10% on both exchanges. Bybit reported 49,309 BTC (+10.22%) as of June 24, while OKX reported 1…
Tom Lee blames crypto weakness on quarter-end 'window dressing' as Bitmine adds another $43 million of ETH
Bitmine Immersion Technologies (BMNR), the largest Ethereum treasury company, bought 27,084 ether (ETH) last week, extending its accumulation streak despite another slide in crypto prices.