Former Treasury Secretary Henry Paulson has urged US authorities to prepare a contingency plan for a potential future collapse in demand for US Treasurys, warning that the fallout would be “vicious.” “We need an emergency break-the-glass plan, which is targeted and short-term, on the shelf, so it’s ready to go when we hit the wall,”…
Sanctioned crypto exchange Grinex said it has suspended trading after losing more than 1 billion Russian rubles ($13.7 million) to an attack bearing signs of involvement by foreign intelligence agencies. The exchange, which is registered in Kyrgyzstan but has been linked to Russia’s crypto ecosystem and alleged sanctions evasion, said on Thursday that the funds…
Zanzibar police are reportedly holding Asymmetric founder Joe McCann for questioning after the death of his fiancée, Ashly Robinson. Police in Zanzibar are reportedly holding Joe McCann, a crypto trader and the founder of the crypto fund Asymmetric, for questioning after his fiancée died while the pair were on vacation. McCann’s fiancée, Ashly Robinson, 31,…
Bitcoin trades below the profitability threshold for active holders, with early signs of BTC demand offering limited price support for now. Bitcoin (BTC) hit range highs above $76,000 on Wednesday, but Glassnode analysts say data suggest that calling for the start of a new bull market is premature. New capital inflows have stayed weak, with…
Charles Schwab, one of the largest US brokerage firms, will roll out spot cryptocurrency trading for retail clients in the coming weeks, starting with Bitcoin and Ether through a dedicated account linked to its brokerage platform. According to Thursday’s announcement, the offering will allow clients to trade and view crypto alongside stocks and other assets…
Bitcoin (BTC) struggles to reclaim price highs above $76,000, but analysts say that the uptrend may continue if key conditions are met. Bitcoin’s 8% climb over the last three days saw it reclaim key levels, including the 50-day exponential moving average (EMA) at $71,000. “$76K is the level that decides everything,” analyst Crypto Patel said…
The chair of the Commodity Futures Trading Commission (CFTC), Michael Selig, said he would not wait for the appointment of additional commissioners to lead the regulatory agency before moving ahead on rulemaking potentially related to digital assets and prediction markets. In a Thursday hearing of the House Agriculture Committee, Selig responded to questions from ranking…
Market analysts said Bitcoin’s (BTC) latest rally to $76,000 was a “clear momentum shift,” confirming a short-term uptrend for BTC price. Bitcoin’s short-term holder (STH) supply in profit, a measure of the share of recently acquired coins currently held at an unrealized gain, suggests that BTC/USD has not exhausted its bear market rally, data from…
HIVE Digital Technologies said it plans to raise $75 million through a private offering of 0% exchangeable senior notes due 2031, with proceeds expected to fund GPU purchases, data center development and other capital investments. According to Thursday’s announcement, the notes will be issued by a wholly owned subsidiary and offered to qualified institutional buyers,…
Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1. The lawsuit was filed by Drift investor Joshua McCollum on behalf of over 100 members in a US district court in Massachusetts…