Bitcoin (BTC) fell to two-month lows Thursday as crypto joined stocks and precious metals in a snap sell-off. Key points: Bitcoin dives below $85,000 as macro assets suddenly tumble from record highs. Gold and silver shock market watchers as nerves over global financial stability grow. BTC price action faces an uphill struggle to avoid “Bearadise”…
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SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continues over stablecoin yield in the CLARITY Act. US Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Mike Selig appeared on CNBC’s Squawk Box on Thursday to discuss the crypto market structure bill and…
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US lawmakers are beginning a key markup session Thursday morning on a long-awaited crypto market structure bill, marking a pivotal step in Congress’ effort to establish clearer rules for digital asset markets. The bill has been months in the making and follows sustained pressure from the crypto industry and some lawmakers to move beyond enforcement-led…
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The House of Lords Financial Services Regulation Committee has opened an inquiry into proposed stablecoin rules in the United Kingdom, seeking public input on plans put forward by the Bank of England (BoE) and the Financial Conduct Authority (FCA). The inquiry will examine how stablecoins could affect traditional financial services such as banking and payments,…
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Bitcoin (BTC) lingered beneath $88,000 into Thursday’s Wall Street open as attention switched to order-book manipulation. Key points: Bitcoin is facing fresh attempts to manipulate short-term price action, says analysis. Order-book data flags key support and the risk of a trip to “Bearadise” if it fails to hold. Wyckoff BTC price bottom calls grow more…
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Founders Fund and Galaxy Ventures-backed Bitcoin zero-knowledge rollup (ZK-rollup) Citrea launched its mainnet on Tuesday with BTC collateral lending, BTC-structured products and a new US dollar stablecoin, ctUSD. The launch is aimed at turning what Citrea calls “economically idle” Bitcoin (BTC) into base collateral for decentralized finance (DeFi) and payments, while anchoring more of that…
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Bitcoin has been called “digital gold,” and some of its key properties may help BTC rally more than the precious metal in percentage terms. Bitcoin (BTC) has vastly underperformed gold (XAU) in the past year, dropping by 13.25% compared with the precious metal’s almost 100% rally. Can BTC catch up to gold’s gains? Key takeaways:…
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Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000. Key takeaways: BTC bulls must flip the $90,000-$93,000 into new support. Spot ETF outflows are stabilizing, suggesting a reduction in institutional…
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Tokyo-listed Bitcoin-focused company Metaplanet approved an overseas capital raise of as much as $137 million, combining new common shares and stock acquisition rights as it looks to expand its Bitcoin holdings and reduce debt. In a Thursday filing, Metaplanet said it plans to issue 24.5 million common shares at 499 Japanese yen per share, raising…
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South Korea’s National Assembly has approved an overhaul of the country’s crypto licensing regime, tightening entry requirements for virtual asset service providers (VASPs) and expanding scrutiny to include controlling shareholders. On Thursday, lawmakers passed an amendment to the Act on Reporting and Using Specified Financial Transaction Information, a cornerstone of Korea’s Anti-Money Laundering (AML) framework…
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