BNY sees 'FOMO' driving asset managers into tokenized funds
As tokenization moves from industry experiment to commercial product, asset managers are rushing to establish a foothold in the market.
Crypto
Chainlink teams up with 47 South Korean, European banks to speed up international money transfers
Blockchain infrastructure company Chainlink said it is joining a group of banks that collectively represent over $10 trillion in assets under management to unlock real-time, stablecoin-based cross-border payments for fo…
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The Ethereum Foundation (EF) will slash its budget by roughly 40% this year as part of a shift toward a leaner, endowment-style operating model, Ethereum co-founder Vitalik Buterin said in a blog post published Tuesday.
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Bitcoin's recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank
The investment bank said bitcoin's renewed sell-off was driven by a hawkish shift in Federal Reserve expectations, sustained outflows from U.S. spot bitcoin exchange-traded funds (ETFs), a confidence shock following Str…
Ethereum Foundation cuts 20% of staff amid leadership exodus
The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior leadership turnover and growing fragmentation across the wider …
Bitcoin may need to plunge 15% or more to mark bottom, according to this long-time indicator
As bitcoin trades near its 200-week moving average, a long-term support indicator currently sitting around $62,400, investors are closely watching whether the level can hold. If the 200WMA breaks, attention is likely to…
Former Robinhood Crypto COO Tanya Denisova joins stablecoin issuer Agora as head of operations
Tanya Denisova, the former chief operating officer of Robinhood Crypto, has joined stablecoin issuer Agora as head of operations, according to a Tuesday blog post by Agora's CEO and co-founder Nick van Eck.
In Clarity Act's final weeks, its path through U.S. Senate not getting much clearer
The weeks are growing short for the Digital Asset Market Clarity Act to thread the needle of the U.S. Senate, but talks continue in several distinct negotiations as lawmakers seek to patch the remaining rifts in the cry…
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3 Market Signs Bitcoin Selling Pressure May Be Losing Strength
Bitcoin (BTC) selling pressure may be fading even as the asset slips, with old holders, leveraged traders, and exchange-traded fund (ETF) investors all easing off the sell button.
The digital euro takes a massive step forward after winning a crucial European Parliament vote
The European Central Bank (ECB) scored a major victory after the European Parliament’s influential Economic and Monetary Affairs (ECON) committee voted to approve the legal framework for a digital euro on Tuesday.
Franklin Templeton closes 250 Digital acquisition deal and sets up new Franklin Crypto division
The $1.7 trillion asset manager Franklin Templeton is establishing a new dedicated active crypto investment management arm through acquisition of 250 Digital.
Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst
Strategy's preferred stock STRC slid to record lows over the past week, and the fall has revived a comparison to Terra's UST, the stablecoin whose collapse erased about $40 billion in 2022.
Bitcoin volatility looks cheap as $10 billion options settlement nears
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Crypto market drops as Nasdaq tech selloff spills into digital assets
The selloff follows Monday's downturn in technology stocks, with another day in the red foreshadowed by Nasdaq 100 futures, which have cratered by 2.5% since midnight.
Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin merger
Former bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC).
Bitcoin price has limited downside, likely near bottom, contrarian indicator suggests
That's the conclusion from an indicator that might seem to signal a bearish shift in sentiment but has tended to presage a more bullish outlook.
Live updates: An 'altcoin season' signal flashed, but bitcoin's slide is what set it off
A widely watched indicator has flipped to "altcoin season," for the opposite reason the label suggests. Glassnode's Altcoin Cycle Signal, which reads above 50 when alternative coins, or alts, outperform bitcoin, has cli…
SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days.
SpaceX's stock has lost more than $600 billion in market value over three trading days, which is nearly half of bitcoin's $1.3 trillion market cap, after announcing its first bond sale.
Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower
Bitcoin fell toward $63,000 on Tuesday, caught in a broad retreat from risk as investors pulled out of the technology stocks that have led markets all year.
Trump signs orders to build a quantum computer and protect against the one that could break encryption
The U.S. government wants to build a quantum computer – the ultra-fast machine that could theoretically break the Bitcoin
U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC
Thanks to the newly passed U.S. Senate housing affordability bill, the Federal Reserve may be heading toward a formal ban from instituting a digital dollar in the form of a central bank digital currency (CBDC), despite …
Securitize and tZERO clash over patents as race to bring Wall Street onchain heats up
Two of the biggest companies in the tokenization space are heading toward a legal showdown over intellectual property just as the industry they helped create begins to seriously court institutional investors on Wall Str…
Ric Edelman says crypto’s biggest growth story is happening off the price chart
Latest developments: Edelman argues investor sentiment and industry fundamentals are moving in opposite directions.
21Shares co-founder warns tokenization hype is outrunning Wall Street reality
What she's saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization.