Telegram founder Pavel Durov said the messaging platform will roll out a native non-custodial Gram wallet this summer, bringing self-custody crypto transactions to its more than 1 billion users. Telegram plans to roll out a native non-custodial Gram wallet across its messaging app this summer, potentially bringing self-custody crypto payments to more than 1 billion …
Continue reading “Pavel Durov says Telegram to roll out native Gram crypto wallet”
The price of Bitcoin moved above $66,000 to reach a seven-week high on Tuesday as reports circulated of a deal with the White House to address ethics in the CLARITY Act. The White House agreed to provisions in a crypto market structure bill that could ensure support from some Democratic lawmakers in the US Senate. …
Continue reading “White House agrees to ethics provisions in market structure bill”
Bitcoin topped $67,000 while crypto stocks rallied on optimism over US crypto legislation and signs investors may be rotating out of AI trades. Bitcoin and the broader cryptocurrency market looked poised for a recovery on Tuesday as progress on landmark US crypto legislation boosted sentiment, with analysts also pointing to a slowdown in the AI …
Continue reading “Crypto market breakout could accelerate as AI trade cools, analyst says”
Researchers found dollar-backed stablecoins are less affected by capital controls than traditional bank deposits, raising new questions about monetary sovereignty in emerging markets. Researchers at the Bank for International Settlements (BIS) found that dollar-backed stablecoins are creating a new form of “digital dollarization” that appears largely unaffected by capital controls, particularly in emerging markets. The …
Continue reading “BIS warns stablecoins could weaken capital controls in emerging markets”
US technology stocks are facing intense selling pressure from hedge funds. Hedge funds have offloaded information technology positions in six of the past eight weeks, marking the largest eight-week sales in at least a decade, reports Barchart, citing data from Goldman Sachs. Technology ranks as the most-sold US sector among hedge funds in the last …
Continue reading “Hedge Funds Slash US Tech Holdings at Fastest Pace in a Decade”
Bitcoin and crypto joined US stocks in brushing off US-Iran war escalation and the threat of fresh trade tariffs before the end of the month. Bitcoin (BTC) built on gains at Tuesday’s Wall Street open as crypto echoed resilient US stock markets. Key points: Data from TradingView showed BTC/USD approaching $67,000, closing in on seven-week …
The UCITS ETF, CoinShares’ first in Europe, began trading on Deutsche Börse Xetra, tracking a rules-based index of publicly listed BTC miners. CoinShares has launched its first UCITS exchange-traded fund (ETF) in Europe, which tracks publicly listed Bitcoin mining companies, giving European investors exposure to the sector through an Irish-domiciled fund listed on Deutsche Börse …
Continue reading “CoinShares debuts Bitcoin mining ETF in Europe entrance”
Arcus, built by the dYdX team, adds tokenized stocks and perpetual futures on Robinhood Chain as platforms compete to bring traditional assets onchain. A decentralized exchange (DEX) backed by Robinhood is expanding into tokenized stocks and derivatives as platforms compete to build onchain markets for traditional assets. Arcus, a DEX built by the team behind …
Continue reading “Robinhood-backed DEX Arcus expands with tokenized assets, perps”
Overseas private investors are flooding US equity markets with unprecedented capital, according to analysts at the capital markets newsletter The Kobeissi Letter. Foreign private sector net purchases of US stocks rose $35.2 billion month-over-month in May to reach $121 billion, the second-largest inflow on record, reports The Kobeissi Letter, citing data from Reuters. “Everyone wants …
Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported. A proposed merger involving Tether-backed crypto companies Twenty One Capital, Strike and Elektron Energy has reportedly been scrapped. Jack Mallers will step down as CEO of Twenty One Capital while remaining CEO …
Continue reading “Tether-backed Twenty One, Strike merger plan scrapped: Bloomberg”
Gate Europe’s Giovanni Cunti says some MiCA-licensed crypto firms may struggle to sustain compliance costs as Europe enters its new regulatory era. Crypto companies already licensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA) could still exit the market as compliance costs mount, according to Gate Europe’s CEO. Giovanni Cunti told Cointelegraph’s Chain Reaction …
Continue reading “More MiCA-licensed crypto firms could exit EU market: Gate Europe CEO”
The State Duma legislation creates a regulated framework for crypto market participants and now moves to President Vladimir Putin for his signature before becoming law. Russia’s lawmakers moved the country closer to its first comprehensive crypto market framework after completing final readings on a bill that would regulate digital asset activity. Russia’s State Duma, the …
Continue reading “Russian parliament passes law regulating crypto market”
Bitcoin beat out local resistance to pass $66,000 amid predictions of as much as 6% BTC price upside if momentum continued. Bitcoin (BTC) passed one-month highs on Tuesday as price action defied the odds to top $66,000. Key points: BTC/USD hit highs of $66,306 on Bitstamp, according to TradingView data. That’s a level last seen …
Continue reading “Bitcoin price gains to $66.3K as range breakout attempt sparks one-month high”
A hacker manipulated the swap mechanics of a liquidity pool on the cross-chain stablecoin bridge Allbridge Core, looting $1.66 million worth of digital assets over the weekend. In a post-mortem of the incident, Allbridge notes the hacker used a flash loan and exploited the swap logic of its Solana (SOL) liquidity pools. The attacker borrowed …
Artificial intelligence is driving explosive growth in American entrepreneurship, according to a new report. Data from the U.S. Census Bureau shows business formations in professional, scientific and technical services have surged about 45% since the launch of ChatGPT, reports Bloomberg. Meanwhile, the number of construction businesses has increased by only about 10% over the same …
Continue reading “AI Fuels 45% Surge in New US Business Formations Since Launch of ChatGPT: Report”
