Market News
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Circle Mania in South Korea Signals Stablecoin Investment Rush
Circle’s stock surged 500%, becoming the top foreign stock for South Korean investors. South Korean investors poured $450M into Circle,…
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Crypto Laws to Advance in July as Sacks Hints at Breakthroughs
U.S. crypto czar says July will see major moves on stablecoin and asset classification laws. The GENIUS Act sets national…
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Polychain Nets $80M From Celestia Staking Rewards Alone
Polychain earned $78M by selling staking rewards, keeping its full 65M token position untouched. Five wallets sold 6.35M TIA from…
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Citi UK CEO Warns Crypto Rules May Fuel Shadow Banking
Citi UK’s Tiina Lee said banks may avoid crypto due to high capital demand rules. She asked if crypto should…
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Bit Digital Exits Bitcoin Mining to Focus on ETH Staking
Bit Digital will cease mining Bitcoin and utilize $150M to purchase Ethereum for staking. The firm may grow its Ethereum…
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Bakkt Files $1B Shelf Offering, May Buy Bitcoin With Proceeds
Bakkt files $1B shelf offering to support potential Bitcoin and crypto purchases. The updated investment policy lets Bakkt add Bitcoin…
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Galaxy Raises $175M to Invest in DeFi and Payments Tech
Galaxy Digital closed its first external venture fund at $175M, exceeding the $150M target. The fund has deployed $50M into…
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Trump’s Rate Cut Battle with Powell: Will His Fed Chair Pick Shift Policies?
Frustration grows as Trump criticizes Powell for slow rate cuts amid ongoing trade tensions. Trump considers several loyalists for the…
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India Eyes Strategic Use of Bitcoin After US Reserve Move
India may pilot a Bitcoin reserve as the US holds 200K BTC worth over $20 billion. India’s renewable energy can…
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U.S. FHFA Directs Fannie Mae, Freddie Mac to Count Crypto in Mortgages
FHFA now allows crypto on U.S.-regulated exchanges in mortgage risk assessments. Only exchange-held crypto qualifies, excluding self-custody wallets from consideration.…
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U.S. Eyes Bitcoin Reserve While Schiff Seeks Crypto Reforms
The US government plans to grow its Bitcoin reserve using non-taxpayer resources. Schiff’s COIN Act seeks to stop lawmakers from…
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Eric Balchunas Says, “Private Credits Are Deathly Afraid of An Actual Market”
Private credit resists real-time pricing, raising concerns about hidden risks and stability. DeFi offers 24/7 transparency, contrasting with private credit’s…
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