Bitcoin-backed loan platform Ledn has sold about $188 million of bonds tied to Bitcoin‑collateralized consumer loans into the mainstream asset‑backed securities (ABS) market, Bloomberg reported on Wednesday, citing people familiar with the matter. In a first-of-its-kind deal, one of the two tranches — the investment‑grade portion —reportedly priced at a spread of roughly 335 basis…
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US-listed spot Bitcoin exchange-traded funds (ETFs) continued to bleed on Wednesday as market sentiment remained negative and BTC briefly dipped below $66,000. Spot Bitcoin ETFs recorded $133.3 million in net outflows on Wednesday, bringing weekly losses to $238 million, according to SoSoValue data. BlackRock’s iShares Bitcoin Trust (IBIT) led outflows, with over $84 million exiting…
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The US CLARITY Act, a highly anticipated bill aimed at providing greater clarity for the US crypto industry, could make it through Congress in just over a month, according to crypto-friendly US Senator Bernie Moreno. “Hopefully by April,” Moreno told CNBC during an interview at US President Donald Trump’s Mar-a-Lago property in Florida on Wednesday.…
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Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars. Warren warned that any potential bailout “would be deeply unpopular to transfer wealth from American taxpayers to cryptocurrency billionaires,” adding that…
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Bitcoin (BTC) trades in a tight $65,000–$70,000 range on Wednesday, a structure that has held for the past two weeks. The lower time frames show a bullish divergence, signaling fading short-term selling pressure, while futures data indicate fresh long positions opened from $66,000. Analysts say the compression may precede a breakout attempt, with liquidity clusters…
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Bitcoin’s “short-term holder stress” metric has fallen to lows not seen since 2018, suggesting the market has capitulated and possibly bottomed. A key Bitcoin (BTC) on-chain metric is flashing its most extreme capitulation signal since 2018, hinting at a potential cycle-low setup. Bitcoin is mirroring 1,900% rally setup from 2018 Bitcoin’s short-term holder stress has…
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DerivaDEX has launched a Bermuda-licensed crypto derivatives platform, becoming what it says is the first DAO-governed decentralized exchange to operate under formal regulatory approval. According to a statement from the platform, the exchange received a T license from the Bermuda Monetary Authority and has begun offering crypto perpetual swaps trading to a limited number of…
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Key points: Bitcoin remains under pressure, and the downside might accelerate if the $65,118 level is breached. Several major altcoins are attempting a recovery, but the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to hold the price above $67,000, but the bears have continued to exert pressure. A positive sign for the…
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New Keyrock research finds not all newly created money impacts risk assets due to how fresh liquidity flows through the economy. Treasury bill issuance is the primary liquidity metric that impacts Bitcoin’s (BTC) price and not the Federal Reserve or any other central bank’s balance sheet, according to a new report from crypto investment firm…
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Two-year Bitcoin hodlers “absorbed” seller pressure in recent weeks, according to new research, but most analysts still expect new macro BTC price lows. New analysis suggests that Bitcoin (BTC) is “relying” on early 2024 buyers as its price action stalls below $70,000. Key points: Bitcoin buyers from early 2024 are in focus as a giant…
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