Live markets: U.S. spot bitcoin ETFs had their worst month ever in June, shedding $4.5 billion
U.S. spot bitcoin ETFs recorded $4.5 billion in net outflows in June, their worst month since launching in January 2024, per SoSoValue data.
Crypto
XRP holds above $1 after leverage flush as network activity improves
XRP is still pinned near $1, but the selling pressure is no longer coming from the same crowded leverage that drove the earlier decline. The token slipped 1% over the session, then bounced from support as open interest …
Phantom doubles down on perpetual futures with hire of Hyperliquid market builders
The team behind one of Hyperliquid's highest-profile private-company trading projects has found a new home.
Trump pocketed more than $1 billion from crypto ties as industry headed toward slump
President Donald Trump earned more than $1 billion from crypto sales and royalties last year while living in the White House and pursuing aggressively pro-crypto policies in his administration.
Companies spending the most on AI are growing jobs, Ramp study finds
Ramp, a financial operations platform, said companies making the largest investments in artificial intelligence are expanding their workforces rather than shrinking them, according to a new study that challenges the nar…
U.S. senators seek to block foreign adversaries from AI technology in new bill
The U.S. Commerce Department would have more authority to shield domestic artificial intelligence technology from the supply chains of foreign adversaries in a bill introduced Tuesday by two Republican senators who've b…
Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption
Circle shares (CRCL) cratered on Tuesday after the new Open USD stablecoin network rattled investors, but analysts say it's too early to conclude the consortium poses a serious threat to USDC.
SEC giving novel ETFs a rethink as it opens comment period on overhauling U.S. rules
The U.S. Securities and Exchange Commission is reexamining how it approaches novel exchange-traded funds, including those focused on crypto, and is inviting public input on its automated system to approve them.
Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud
A U.S. judge sentenced Chinese businessman Miles Guo, the billionaire behind the fraudulent crypto venture Himalaya Coin, to 30 years in prison, long after a trial jury found the well-connected defendant was guilty of s…
Circle slides 8% as Stripe, Coinbase and BlackRock back rival stablecoin network
Circle (CRCL) shares were lower by 8% in Tuesday morning trading after a consortium backed by some of the biggest names in payments, banking and crypto unveiled Open USD, a new stablecoin designed to challenge incumbent…
MetaMask launches Money Account with stablecoin yield and spending in one wallet
MetaMask has launched a new self-custodial account that combines stablecoin yield, payments and trading in a single product, as wallet providers increasingly compete to become broader financial platforms rather than sim…
Bitcoin $4.4 billion supply overhang emerges as institutional demand wilts
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Nasdaq expands distribution of its market data into blockchain infrastructure
Nasdaq is expanding the distribution of its market data into blockchain infrastructure, making one of its flagship equity data products available through the Pyth Network as financial firms increasingly build trading an…
Tokenized securities need competition, not gatekeepers
Paper certificates gave way to book-entry records. Trading floors gave way to electronic markets. Manual processes gave way to faster settlement, automated clearing, and global access. Each step raised fair concerns. Ea…
UK to lower stablecoin capital buffers, undercutting EU's MiCA requirements
The U.K.'s Financial Conduct Authority (FCA) reduced the proposed capital requirements for stablecoin issuers as it set out its formal guidance for cryptocurrency regulations.
Bitcoin nears 2024 lows as options traders pay up for downside protection
Bitcoin and ether tested critical multiyear support levels, with ether at a price it has bounced from twice before and bitcoin near its lowest since late 2024.
Strategy heads for eleventh losing month in twelve as bitcoin weakness continues
Strategy (MSTR) stock is set to end the month around 41% lower, its worst monthly performance since 2022, with one trading day remaining.
New York Life makes tokenization debut with onchain high-yield bond fund with Centrifuge
New York Life Investment Management (NYLIM), the $807 billion asset management arm of major life insurer New York Life, is bringing its first investment strategy onto blockchain rails, joining a growing list of Wall Str…
Bitcoin’s quiet $59,000-$60,000 range is starting to look dangerous
The range itself is normal. Bitcoin spent much of 2024, from March to October, consolidating between $55,000 and $70,000 with occasional overshoots in both directions. What makes the current setup riskier is its locatio…
SEC wins $5.5 million default judgment over alleged fake crypto platform NanoBit
A federal judge in New York entered a $5.5 million default judgment against NanoBit Limited and five related defendants over an alleged relationship-investment scam built on a fake crypto trading platform.
Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand
USDT, the world's largest dollar-pegged stablecoin, is trading well above face value on Indian crypto platforms. While local reports attribute the premium to a recent enforcement action, exchanges explain it as a simple…
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.
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 negative reading sinc…
Dubai set for crypto firm influx as MiCA deadline pushes companies to reassess Europe
Crypto companies are looking more closely at the United Arab Emirates as the European Union’s Markets in Crypto-Assets regulation, or MiCA, approaches a July 1 deadline that will force firms without authorization to sto…