Friday, June 26

Crypto

Bitcoin ETFs Record 4M Outflows Amid BTC Slide Below K

Bitcoin exchange-traded funds (ETFs) continued to see outflows on Thursday, shedding almost $1 billion over the past two days as debate grows over their potential impact on the market.Data from SoSoValue shows that spot Bitcoin (BTC) ETFs recorded $434 million…

Metaplanet Doubles Down on Bitcoin as Stock Slumps

Metaplanet’s CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered one of its harshest drawdowns since 2022.“[T]here is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue and…

Banks Could Eventually Offer Crypto Products, Says Bessent

US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill.US Treasury Secretary Scott Bessent has told Congress that traditional and crypto…

Large Bitcoin Holders Supply Hits 9-Month Low

Large Bitcoin holders are now controlling the smallest share of the cryptocurrency’s supply since late May, when it first reclaimed $100,000 after more than three months, according to crypto sentiment platform Santiment.Santiment posted to X on Thursday that “whale and…

Tether Invests 0M in Gold.com to expand gold tokenization

The investment arm of stablecoin issuer Tether has acquired a $150 million stake in the precious metals platform Gold.com to expand access to tokenized gold.Tether said on Thursday that it acquired an approximately 12% stake in the company, which will…

Bitcoin Mining Stocks Plunge As Earnings Fall Short

Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off.Bitcoin (BTC) has fallen 12% over the past 24 hours to briefly touch a…

Kalshi Boosts Surveillance Ahead of Super Bowl

Kalshi says it’s expanding surveillance on its prediction markets platform with an independent advisory committee and partnerships to catch insider trading and market manipulation just days ahead of the Super Bowl.Kalshi said on Thursday that the committee would give a…

BlackRock’s Bitcoin ETF Hits Daily Volume Record of B

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak daily trading volume as traders responded to Bitcoin’s rapidly crashing price.The iShares Bitcoin Trust ETF (IBIT) “crushed its daily volume record” on Thursday, with $10 billion worth of…

Tether Makes 0M Equity Investment in Anchorage Digital

Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank.According to a post by Tether on Thursday, the investment builds on the companies’…

Is It Time For A Bounce?

Bitcoin touched new lows under $64,000 as market selling reached a historic level, and analysts warn that the bottom is not in. Does data support analysts’ sub-$60,000 prediction?Bitcoin (BTC) has fallen 13% over the past four days, sliding to $63,844…

Bitcoin’s Chance Of Returning To K By March Is Slim

Key takeawys:Bitcoin fell below $63,000 as weak US job data and concerns over AI industry investments fueled investor risk aversion.Options markets show a 6% chance of Bitcoin returning to $90,000 by March.Bitcoin (BTC) slid below $63,000 on Thursday, hitting its…

EU Tokenization Companies Urge Fixes to DLT Pilot Rules

A group of European tokenization operators has urged EU policymakers to swiftly amend the bloc’s DLT Pilot Regime, warning that current asset limits, volume caps and time-limited licenses are preventing regulated onchain markets from scaling as the United States advances…

Gemini To Exit UK, EU, and Australia To Focus on Business in US

Crypto exchange Gemini announced its exit from the United Kingdom, European Union and Australia markets on Thursday, as the company slashed its workforce by 25%. Gemini cited artificial intelligence automating labor and making engineers “100x” more efficient, and a more challenging…

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