South Korea’s top financial regulator ordered crypto exchanges to suspend new digital asset lending services, citing mounting risks and highlighting a need for clear rules. The Financial Services Commission (FSC) said on Tuesday that it sent letters to exchanges requesting the suspension of new crypto lending until it completes guidelines. Existing contracts, like repayments and…
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Japan-based 3D printed housing firm Lib Work Co has become the latest non-crypto native firm to buy Bitcoin for its corporate treasury, coming just a month after launching an initiative that uses non-fungible tokens to store house designs. In a Monday statement following its board meeting, LibWork announced plans to purchase 500 million Japanese yen…
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Shares in electric vehicle maker Faraday Future Intelligent Electric fell almost 7% on Monday after the company filed its second-quarter earnings, which also came just a day after announcing a multibillion-dollar crypto reserve plan. Faraday Future Intelligent Electric (FFAI) saw a brief spike as the markets opened on Monday, but eventually closed the trading session…
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Bitcoin investors have yet to factor in a potentially more dovish Federal Reserve, which will depend on who US President Donald Trump nominates to replace Chair Jerome Powell, economist Alex Krüger said. Bitcoin (BTC) traders see the Fed’s first potential rate cut this year, expected in September, as creating a more bullish environment for Bitcoin.…
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Tech giant Google has become the largest shareholder of TeraWulf, holding 14% of shares, after receiving more stock in exchange for increasing its backstop in the lease deal between the Bitcoin miner and AI infrastructure provider Fluidstack. TeraWulf disclosed in a shareholder call on Thursday that it inked a 10-year colocation lease agreement with Fluidstack.…
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Illinois Governor JB Pritzker took a swipe at US President Donald Trump for allowing “crypto bros” to guide policy as he signed two new bills to regulate crypto in the state on Monday. “While the Trump Administration is letting crypto bros write federal policy, Illinois is implementing common-sense protections for investors and consumers,” said Governor…
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Bitcoin could be set for more sideways movement in the near term as an overvaluation metric is currently flashing red, signaling a higher likelihood of profit-taking among Bitcoin holders. Bitcoin’s (BTC) Market Value to Realized Value (MVRV) ratio, an indicator that measures whether the asset is overvalued or not, currently stands at +21%, indicating that…
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Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Bitcoin’s (BTC) abrupt sell-off from its $124,474 all-time high seemed like a routine outcome at first, especially considering that a portion of traders…
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The US Securities and Exchange Commission (SEC) has delayed rulings on three high-profile crypto exchange-traded funds (ETFs), extending review deadlines into October. In notices filed Aug. 18, the agency set new decision dates of Oct. 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, Oct. 16 for 21Shares’ and Bitwise’s Solana ETFs, and Oct.…
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Key takeaways: The Bitcoin options skew and stablecoin activity show fear remains contained, pointing to limited downside pressure. Spot BTC ETF flows and top trader positioning confirm liquidity and resilience, signaling recovery potential above $120K. Bitcoin (BTC) fell to an 11-day low of $114,755 on Monday, igniting debate over whether Thursday’s record high signaled the…
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