Live markets: Japan’s collapsing yen is pushing companies into bitcoin and XRP
Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30.
Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30.
Major cryptocurrencies are trading in the red as renewed U.S.-Iran airstrikes push oil higher.
The decline fits into a pattern of recently-public digital asset companies sliding after debut, Arca’s Jeff Dorman said.
Kraken’s focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans.
SpaceX tokens captured $1.19 billion, or 31% of total monthly volume, with Backpack’s SPCX leading trading at $1.08 billion.
A newly updated agenda from the securities regulator shows so-called Reg Crypto high on its near-term list.
Major brokerages initiated coverage on Tuesday with mostly buy ratings following the company’s $75 billion June IPO.
The new role would oversee tokenization, stablecoins and blockchain initiatives as Vanguard reassesses digital assets.
Record earnings, rising competition and concerns over slowing AI spending are forcing investors to reassess one of the market’s biggest trades.
EDX’s model targets institutional clients by separating trading from custody through a central clearinghouse to minimize counterparty risk.
Richard Heathcote is reportedly working with PJT Partners to find a buyer for a small part of his 1.26% holding in the issuer of USDT following his transition to an advisory role.
The license allows institutional traders to access perpetual futures and gives U.K. retail customers the ability to trade equities to begin with.
BTC retreated from a two-week high of $64,500 as falling open interest and weak spot demand cast doubt on the sustainability of July’s 8.4% advance.
The product, called BTC Yield, is designed exclusively for people who already hold bitcoin.
Japanese bond yields continue to rise, lifting their U.S. counterparts and posing a potential headwind for risk assets.
Spot bitcoin ETFs still lost a net $526.6 million over the shortened holiday week, an eighth straight week of negative flows.
The attacker bought enough of the memecoin’s tokens to pass a governance proposal that sent the group’s holdings to a wallet they controlled, then began selling.
Buyers defended the session lows and pushed XRP back toward resistance, but muted overall volume left traders waiting for confirmation above $1.13-$1.14.
The token touched $64,400 overnight before easing back, still up about 6% on the week. A fresh missile strike on a Qatari gas ship in the Strait of Hormuz lifted oil and tested the late-June peace deal as Asian tech sold off again.
The White House says it’s still evaluating the “best structure” for the federal fund to hold bitcoin as a long-term reserve and a separate stockpile of other crypto assets.
As Wall Street banks adopt digital currencies for faster settlements, overall trading volume spiked 63% in just a single month.
First, it was a tiny amount of bitcoin sales, then it was the purchase of several thousand BTC, and finally, today, the unloading of thousands of BTC. What’s happening at Strategy?
The “Lean Ethereum” strawmap, updated earlier this week, has gained support from many of the network’s researchers, though several say the biggest challenge won’t be deciding what to build, but how quickly it can happen.
Following its NYSE debut, Securitize CEO Carlos Domingo said the firm wants to expand its institutional tokenization platform rather than buy competitors.
The protocol’s SUMR token fell by over 18% after the incident.
Bringing Strategy’s preferred shares back to $100 is key to restarting Strategy’s capital engine, the bank said, with repeated management actions expected to support both preferred and common shareholders.
The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.
The company sold 3,588 bitcoin last week to replenish its dollar reserves for dividends on its preferred stock.
Services will integrate into “Sberbank Online” and “SberInvestments” once the “On Digital Currency and Digital Rights” bill takes effect in September.