The Japanese yen collapsed to 162.27 per U.S. dollar on June 30, its weakest level since 1986, intensifying speculation that Tokyo could step in to defend the currency for the second time this year. A Four-Decade Low The yen’s slide to a four-decade low has put Japanese authorities back on intervention watch. The currency has …
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XRP is holding above the $1 mark even as its price action has stalled, with daily active addresses up roughly 72% in two weeks and derivatives leverage draining out of the market. Onchain Activity Heats Up XRP is clinging to $1 support, but the quiet in its price masks a pickup in network use. Daily …
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The U.S. Supreme Court has rejected President Donald Trump’s bid to remove Federal Reserve Governor Lisa Cook in a 5-4 decision, yet the same court handed the president broader power to fire the leaders of other federal agencies. A Split Decision for the Fed Chief Justice John Roberts wrote the majority opinion, joined by conservative …
The U.K.’s Financial Conduct Authority published its final cryptoasset rulebook on June 30, lowering the capital floor for stablecoin issuers to 1% of issued value as it set an October 2027 deadline for firms to win authorization. A Landmark Framework Lands The Financial Conduct Authority (FCA), Britain’s financial regulator, on June 30 finalized a sweeping …
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Senate Republican leaders are pushing to pass the Digital Asset Market Clarity (CLARITY) Act in July, with roughly four weeks before a monthlong recess, even as Senator Cynthia Lummis insists the bill protects consumers while clearing the way for responsible innovation. The Clock Is Ticking Senate Banking Committee Chairman Tim Scott (R-SC) and Senate Majority …
Over the past year, the artificial intelligence trade has become one of the main pillars supporting global risk appetite. However, the Bank for International Settlements (BIS) is now warning that the same spending boom could become a source of financial stress if expected returns fail to arrive. The Basel-based organization, which advises central banks, said …
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On June 22, Strategy sold $335.5 million of its own common stock, set aside roughly $300 million of it in cash to bring its reserve up to $1.4 billion, and bought a total of 520 Bitcoin with what was left. So the company that wrote the entire corporate Bitcoin playbook spent the bulk of a …
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Prediction markets are drawing one of their largest sports audiences yet from the World Cup, but the surge is creating an unusual picture beneath the headline numbers. World Cup-linked contracts on Polymarket have generated more than $3.3 billion in trading volume, a level that puts the tournament well ahead of this year’s Super Bowl, which …
Arkham Intelligence rolled out a new skill-based rating system for Polymarket traders on Monday, shifting how the platform measures performance from profit totals to forecasting accuracy. What Elo Measures The new feature, called Prediction Market Elo, applies an Elo/MMR-style scoring system borrowed from chess rankings and competitive gaming matchmaking. It ranks traders based on how …
In 1964, the US built and then shelved Project Pluto, a nuclear-powered cruise missile concept abandoned largely over radiation hazards. Russia has revived the idea with Burevestnik, a direct-cycle turbojet that heats incoming air with a reactor and can shed radioactive isotopes along its flight path, a risk underscored by a 2019 White Sea test …
A sudden squeeze in Tether’s USDT supply in India has pushed the stablecoin’s local premium above 8.5%, more than double its usual level, with the dollar-pegged token trading well above the official exchange rate. A Supply Squeeze in the World’s Top Crypto Market The price of Tether’s USDT in India has surged well above its …
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The historic seizure is part of an action against an international hacking group that targeted international companies and individuals in Europe and the U.S. ARMA stressed that this was the first time it received cryptocurrency to manage in its own crypto wallet. Ukraine’s ARMA Receives Cryptocurrency in Custody For The First Time International intelligence and …
Ripple outlined a proposed XRPL Lending Protocol to standardize institutional credit execution for tokenized assets while keeping underwriting off-chain, targeting markets such as treasuries, stablecoins, and private credit. XRPL Proposal Separates Credit Decisions From Blockchain Execution A proposed XRPL Lending Protocol would create a standardized credit infrastructure for institutions using tokenized assets on the XRP …
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An on-chain bitcoin metric that previously flashed at every cycle bottom since 2016 has triggered again as more investors sell at a loss during the current correction. Bitcoin Metric Drops to Levels Last Seen Near Market Bottoms Market data shows bitcoin investors are increasingly realizing losses, with a key on-chain indicator flashing a capitulation signal …
Robert Kiyosaki acknowledged that his recent gold call missed the market’s direction, stating “I was wrong,” and using the setback to reinforce a long-term investing lesson about disciplined buying. Kiyosaki’s Gold Post Recasts a Bad Call as an Investor Lesson Gold’s decline pushed Robert Kiyosaki to acknowledge his earlier call on June 29, when the …
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