BlackRock’s US-listed Bitcoin fund has just recorded its largest outflow since May as Bitcoin dipped on the weekend and slightly recovered on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) saw an outflow of $292.5 million on Monday, its largest outflow in two months. There was a minor outflow on Friday last week, ending a 37-day inflow…
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Michael Saylor’s Bitcoin treasury firm has more than doubled its Bitcoin holdings since November last year — the month the US President Donald Trump won the federal election in a landslide vote. Strategy has accumulated 376,571 Bitcoin (BTC), worth $43.2 billion at current market prices, since Trump’s election victory. Before Trump’s win, it had taken…
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A US congresswoman has urged the commodities regulator to investigate its nominated chair, Brian Quintenz, over his ties to Kalshi, a prediction platform regulated by the CFTC. Democratic Representative Dina Titus asked Commodity Futures Trading Commission acting chair Caroline Pham in a letter on Monday to open “an inquiry into whether Mr. Brian Quintenz has…
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David Bailey, entrepreneur and Bitcoin adviser to US President Donald Trump, is seeking to raise $200 million for a political action committee to advance Bitcoin’s interests in the US. Bailey, a serial entrepreneur and founder of Bitcoin Magazine and BTC Inc., served as an adviser during Trump’s presidential campaign and is credited with being a…
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The US Commodity Futures Trading Commission has launched an initiative to enable the trading of “spot crypto asset contracts” on CFTC-registered futures exchanges. The invitation is part of the CFTC’s “crypto sprint” initiative to implement recommendations from President Donald Trump’s Working Group on Digital Asset Markets, which included 18 recommendations. “The CFTC is full speed…
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The recent passage of the US GENIUS Act was widely celebrated as a major step forward for stablecoin adoption, but a key provision may curb the appeal of digital dollars compared to money market funds, raising questions about whether the bill’s authors were swayed by banking industry pressure to restrict yield-bearing stablecoins. The GENIUS Act…
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Key points: Bitcoin bounces as liquidation guardrails appear above and below price, making $116,000 a key level to watch. Expectations call for BTC price support to hold above $110,000 should bears take control. ETF flows should provide an insight into market mood next, says analysis. Bitcoin (BTC) approached $116,000 after Monday’s Wall Street open as…
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Key takeaways Pump-and-dump schemes in Web3 manipulate a cryptocurrency’s price through coordinated buying along with misleading information and hype to lure investors in before a mass selling of a token, leaving it almost worthless. Decentralized anonymity and 24/7 unregulated trading make the industry particularly vulnerable to these manipulative investment schemes. A pump-and-dump follows four stages,…
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The United Kingdom is falling behind in the digital asset market, particularly in the area of stablecoins, despite the technology’s potential to help the country preserve its leading role in global financial services. That was a central message in a recent Financial Times op-ed by George Osborne, the former UK chancellor turned crypto lobbyist, who…
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Key points: Bitcoin is trying to take support near $112,000, but higher levels are likely to attract selling by the bears. The deep pullback in several altcoins suggests the next leg of the up move may not happen in a hurry. Bitcoin (BTC) bulls are trying to maintain the price above $115,000, but are facing…
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