Many US senators are reportedly moving to advance a bill for crypto market structure rules amid a government shutdown with no end in sight. According to a Bloomberg report published on Thursday, several Republicans in the Senate, including those with leadership positions on key committees, plan to pass legislation on digital asset market structure by…
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Key points: Bitcoin charts suggest downside to $103,800 and a final flush below $100,000 as the most likely outcome in the short term. Investors are concerned that the CAPEX expansion by Big Tech companies for their AI infrastructure reflects a speculative-driven market. Bitcoin’s (BTC) end-of-month sell-off accelerated as the price dropped to $107,328 shortly after…
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Connecticut Senator Chris Murphy is calling out Binance.US, alleging the cryptocurrency exchange played a role in US President Donald Trump’s pardon of former Binance CEO Changpeng “CZ” Zhao. In a Tuesday X post, Murphy responded to a social media post by Binance.US announcing the launch of trading for USD1, the stablecoin tied to the Trump…
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Bitcoin (BTC) miners have raised $11 billion in convertible debt — corporate debt that is convertible to stocks — over the last year, amid a pivot into artificial intelligence data centers. Miners completed 18 convertible bond deals following the April 2024 Bitcoin halving that slashed the block reward by 50%, according to TheMinerMag. The average…
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The United Kingdom has opened the floodgates for crypto exchange-traded notes (ETNs) to retail investors — a market that was previously limited to professional traders — sparking a price war among issuers vying for market share, according to the Financial Times. In a report published on Thursday, the FT said several Bitcoin ETN issuers have…
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Key takeaways: Bitcoin’s bearish MACD cross and engulfing candle on the three-week chart signal a cycle top. Market analysts suggest that 558 days post-2024 halving indicate the Bitcoin bull cycle’s top is imminent. Other analysts say BTC price still has room to run, with $180,000 still in the cards. Bitcoin (BTC) price traded 3% lower…
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Key points: Bitcoin revisits the bottom of its local range in a fresh dive after the Federal Reserve interest-rate cut. Traders betting on upside get punished, with long liquidations nearing $1 billion. A deeper rout for stocks could mean BTC price losses of 30%. Bitcoin (BTC) saw new weekly lows at Thursday’s Wall Street open…
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The US Commodity Futures Trading Commission (CFTC) may finally get a chairperson as President Donald Trump’s nominee, Michael Selig, begins the vetting process. The CFTC is currently under the leadership of Acting Chair Caroline Pham, who assumed the role in April 2025. She was nominated to the position by President Joe Biden in 2022 and…
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Tokenized real-world assets (RWAs) may reach a cumulative value of $2 trillion in the next three years as more global capital and payments migrate onto more efficient blockchain rails, according to investment bank Standard Chartered. The bank said in a Thursday report shared with Cointelegraph that the “trustless” structure of decentralized finance (DeFi) is poised…
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Nakamoto Holdings, the Bitcoin treasury firm led by Bitcoin Magazine CEO David Bailey, has seen its stock collapse by over 98% since its May high after a wave of investor selling linked to its $563 million private investment in public equity (PIPE) deals. The company, which merged with Utah-based healthcare operator KindlyMD earlier this year,…
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