Monday, June 29

Business

Bitcoin Dips to k, TRM Labs Reaches Crypto Unicorn Status

Cryptocurrency markets experienced a brutal sell-off this week as investor concerns grew over stagnating US liquidity following US President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve.Bitcoin exchange-traded funds (ETFs) recorded three consecutive days of outflows, with…

Samson Mow Breaks Down Bitcoin Market Crash

In a video interview, Samson Mow shares his views on Bitcoin’s latest bloodbath, quantum fears and the catalysts that could drive Bitcoin’s next recovery.In an exclusive Cointelegraph interview, Bitcoin OG Samson Mow shares his perspective on Bitcoin’s latest massive crash,…

Edo, NNPC partner to establish 10,000-bpd condensate refinery

The Edo State Government and the Nigerian National Petroleum Company (NNPC) Limited say they will collaborate to establish a 10,000 barrels-per-day condensate refinery in the state. Patrick Ebojele, the spokesperson to Governor Monday Okpebholo, disclosed this in a statement issued…

Bitcoin Just Saw One of Its Fastest Crashes in History

Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record.Key points:Bitcoin has never traded so far below its 200-day moving average, data shows.BTC price action is due “mean reversion” as a result.Analysis describes a “macro-driven”…

Crypto PACs Stack Millions Ahead of Midterms

Political action committees (PACs) representing the interests of the crypto industry have already secured millions of dollars in funding as the US heads toward its midterm elections.Super PACs are the uber-rich, no-limits, non-disclosure counterparts to crypto PACs. Last year, the…

Why Privacy Coins Often Appear in Post-Hack Fund Flows

Key takeawaysPrivacy coins are just a step in a broader laundering pipeline after hacks. They serve as a temporary black box to disrupt traceability.Hackers typically move funds through consolidation, obfuscation and chain hopping and only then introduce privacy layers before…

NFT Market Cap Returns to Pre-Hype Levels Near .5B

The global non-fungible token (NFT) sector fell below $1.5 billion in total market capitalization, returning to levels last seen before the sector’s rapid expansion in 2021. The retracement unfolded alongside a broader crypto market downturn over the past two weeks, CoinGecko…

ARK Invest Sells Coinbase And Buys Bullish Shares

ARK Invest, the asset manager led by prominent Bitcoin bull Cathie Wood, has shifted from buying to selling Coinbase stock, as the shares dipped 13% and hit multi-month lows.On Thursday, ARK offloaded 119,236 Coinbase (COIN) shares, valued at roughly $17.4…

Pump.fun Expands Trading Infrastructure With Vyper Acquisition

Pump.fun has acquired crypto trading terminal Vyper, which will wind down its standalone product and migrate its infrastructure into the Solana memecoin launchpad’s ecosystem.On Friday, Vyper said core parts of its product will begin shutting down on Tuesday, while limited…

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…

CIBN lauds Abia gov over 10% GDP growth, poverty reduction

The Chartered Institute of Bankers of Nigeria has commended Abia State Governor, Alex Otti, for the notable economic progress recorded in the state under his leadership. The President and Chairman of the Council of the CIBN, Prof. Pius Olarenwaju, made…

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…

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